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MACKAY SHIELDS LLC

299 PARK AVENUE 32ND FLOOR, NEW YORK, NY 10171 • 212-230-3811

Q2 2025 · Filed 2025-07-24
Market Value
$647M
-8.5%
Holdings
54
-2
New Purchases
1
Added To
9
Closed
1
Reduced
22
Top 10 Concentration
54.9%
Turnover
3.7%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
APO-PA 8.43% 7.57% +0.86% $55M
GTLS-PB 3.76% 3.15% +0.61% $24M
BTT 5.29% 4.69% +0.60% $34M
NEA 6.75% 6.33% +0.42% $44M
NBH 1.79% 1.38% +0.41% $12M
NEE-PR 7.41% 7.00% +0.40% $48M
MHD 3.68% 3.28% +0.39% $24M
BLE 0.90% 0.52% +0.38% $6M
NZF 5.47% 5.15% +0.32% $35M
MYD 1.15% 0.83% +0.32% $7M
BFK 1.23% 0.92% +0.31% $8M
BYM 0.78% 0.49% +0.30% $5M
NAD 3.88% 3.63% +0.26% $25M
NAC 3.71% 3.47% +0.24% $24M
NVG 4.44% 4.24% +0.20% $29M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
DHR 0.00% 2.22% -2.22% $0
WFC-PL 2.87% 4.79% -1.92% $19M
BAC-PL 3.41% 5.24% -1.84% $22M
GPOR 0.47% 1.48% -1.00% $3M
TALO 4.10% 4.30% -0.20% $27M
IAU 5.35% 5.50% -0.15% $35M
MVF 1.34% 1.41% -0.06% $9M
FET 2.43% 2.49% -0.05% $16M
KTF 0.18% 0.23% -0.05% $1M
VOD 0.97% 1.01% -0.04% $6M
NAN 0.09% 0.11% -0.02% $611K
MAV 0.94% 0.96% -0.02% $6M
NINEQ 0.01% 0.02% -0.00% $93K

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 76.3%
Energy 21.7%
Communication Services 2.0%
Consumer Defensive 0.0%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 2 $41M 6.3%
Large Cap 6 $148M 22.9%
Mid Cap 7 $187M 28.9%
Small Cap 28 $232M 35.8%
Micro Cap 11 $40M 6.1%

Portfolio Analytics

Avg Market Cap
$21.0B
Median Market Cap
$530M
Avg P/E
33.5
Median P/E
32.5
Avg Dividend Yield
0.05%
Avg Beta
0.73
# Stocks
23
# ETFs / Funds
32

Top Holdings (54 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 APO-PA 8.43% 725,064 $55M $75.27 $1M -3,761 -0.5%
2 NEE-PR 7.41% 1,204,627 $48M $39.82 -$2M -8,188 -0.7%
3 NEA 6.75% 4,002,639 $44M $10.92 -$1M
4 NZF 5.47% 2,972,732 $35M $11.92 -$1M -6,858 -0.2%
5 IAU 5.35% 555,000 $35M $62.36 -$4M -105,000 -15.9%
6 BTT 5.29% 1,563,907 $34M $21.89 $1M
7 NVG 4.44% 2,411,254 $29M $11.93 -$1M -12,429 -0.5%
8 TALO 4.10% 3,132,176 $27M $8.48 -$4M
9 NAD 3.88% 2,227,951 $25M $11.29 -$535K -1,917 -0.1%
10 GTLS-PB 3.76% 400,972 $24M $60.73 $2M -1,993 -0.5%
11 NAC 3.71% 2,150,869 $24M $11.17 -$533K -34,041 -1.6%
12 MHD 3.68% 2,126,547 $24M $11.20 $576K +146,861 +7.4%
13 BAC-PL 3.41% 18,140 $22M $1,215.55 -$15M -11,811 -39.4%
14 WFC-PL 2.87% 15,779 $19M $1,176.77 -$15M -12,340 -43.9%
15 FET 2.43% 809,235 $16M $19.47 -$2M -66,217 -7.6%
16 MUJ 2.12% 1,251,050 $14M $10.95 -$375K
17 MHN 1.81% 1,193,269 $12M $9.82 -$402K -785 -0.1%
18 NBH 1.79% 1,180,981 $12M $9.83 $2M +239,589 +25.4%
19 MYN 1.73% 1,174,171 $11M $9.53 -$193K +27,816 +2.4%
20 MUC 1.57% 981,667 $10M $10.35 -$353K
21 MQT 1.53% 1,026,805 $10M $9.64 -$370K
22 MVF 1.34% 1,320,857 $9M $6.58 -$1M -99,577 -7.0%
23 BFK 1.23% 833,784 $8M $9.59 $1M +175,072 +26.6%
24 NRK 1.22% 797,635 $8M $9.91 -$311K
25 MYD 1.15% 744,760 $7M $10.04 $2M +186,551 +33.4%
26 MIY 1.13% 664,819 $7M $11.04 -$226K
27 MHI 1.10% 777,329 $7M $9.16 -$68K -4,011 -0.5%
28 VOD 0.97% 591,424 $6M $10.66 -$873K -174,598 -22.8%
29 MAV 0.94% 736,710 $6M $8.30 -$686K -77,722 -9.5%
30 BLE 0.90% 577,670 $6M $10.04 $2M +223,646 +63.2%
31 BYM 0.78% 481,061 $5M $10.56 $2M +162,123 +50.8%
32 GLD 0.72% 15,336 $5M $304.83 $256K
33 MQY 0.61% 357,837 $4M $11.11 -$215K
34 ENX 0.61% 421,971 $4M $9.29 -$127K -4,500 -1.1%
35 VFL 0.60% 401,695 $4M $9.66 -$193K
36 EIM 0.60% 400,187 $4M $9.67 $785K +90,795 +29.4%
37 VGM 0.54% 370,162 $4M $9.49 -$174K
38 VKI 0.52% 404,961 $3M $8.37 -$69K
39 GPOR 0.47% 15,288 $3M $201.17 -$7M -41,494 -73.1%
40 VKQ 0.46% 325,107 $3M $9.15 -$163K
41 VMO 0.44% 307,705 $3M $9.18 $854K +100,000 +48.1%
42 NQP 0.40% 233,310 $3M $11.22
43 NBB 0.38% 156,775 $2M $15.82 -$31K
44 IQI 0.27% 186,566 $2M $9.38 -$73K -1,740 -0.9%
45 MFM 0.27% 333,155 $2M $5.17 -$43K
46 KTF 0.18% 130,807 $1M $8.84 -$475K -43,156 -24.8%
47 BKN 0.16% 92,077 $1M $10.92 -$52K
48 MYI 0.14% 88,233 $926K $10.49 +88,233 NEW
49 MVT 0.10% 65,678 $678K $10.32 -$16K
50 NAN 0.09% 53,530 $611K $11.41 -$192K -16,989 -24.1%
51 TPB 0.08% 6,802 $515K $75.77 $111K
52 VPV 0.02% 14,433 $145K $10.06 -$8K -575 -3.8%
53 NINEQ 0.01% 120,184 $93K $0.77 -$43K
54 DHR —% -$16M -76,712 -100.0% SOLD

New Positions

SymbolValue% Port
MYI $926K 0.14%

Sold Out Positions

SymbolValue% Port
DHR —%
View SEC EDGAR Filings for MACKAY SHIELDS LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms