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MACKAY SHIELDS LLC

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

Q3 2025 · Filed 2025-10-27
Market Value
$490M
-24.4%
Holdings
54
New Purchases
1
Added To
4
Closed
8
Reduced
22
Top 10 Concentration
57.1%
Turnover
16.7%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
GPOR 4.84% 0.47% +4.37% $24M
IAU 7.80% 5.35% +2.46% $38M
APO-PA 10.41% 8.43% +1.99% $51M
TALO 6.07% 4.10% +1.97% $30M
WBD 1.60% 0.00% +1.60% $8M
MHD 5.20% 3.68% +1.52% $25M
BTT 6.51% 5.29% +1.23% $32M
BAC-PL 4.60% 3.41% +1.20% $23M
WFC-PL 3.90% 2.87% +1.03% $19M
NBH 2.60% 1.79% +0.81% $13M
MUJ 2.92% 2.12% +0.80% $14M
MHN 2.49% 1.81% +0.68% $12M
MYN 2.38% 1.73% +0.65% $12M
MUC 2.17% 1.57% +0.61% $11M
MQT 2.10% 1.53% +0.57% $10M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
NEE-PR 0.00% 7.41% -7.41% $0
GTLS-PB 0.00% 3.76% -3.76% $0
NEA 4.19% 6.75% -2.56% $21M
NAC 1.20% 3.71% -2.51% $6M
FET 0.00% 2.43% -2.43% $0
NZF 3.61% 5.47% -1.87% $18M
NVG 2.93% 4.44% -1.52% $14M
NAD 2.53% 3.88% -1.36% $12M
MHI 0.00% 1.10% -1.10% $0
MAV 0.00% 0.94% -0.94% $0
NBB 0.00% 0.38% -0.38% $0
MYI 0.00% 0.14% -0.14% $0
BLE 0.78% 0.90% -0.12% $4M
VOD 0.88% 0.97% -0.09% $4M
NAN 0.00% 0.09% -0.09% $0

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 $42M 8.5%
Large Cap 6 $107M 21.8%
Mid Cap 7 $118M 24.2%
Small Cap 28 $195M 39.8%
Micro Cap 11 $28M 5.7%

Portfolio Analytics

Avg Market Cap
$20.0B
Median Market Cap
$530M
Avg P/E
33.5
Median P/E
32.0
Avg Dividend Yield
0.05%
Avg Beta
0.74
# 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 10.41% 721,847 $51M $70.64 -$4M -3,217 -0.4%
2 IAU 7.80% 525,000 $38M $72.77 $4M -30,000 -5.4%
3 BTT 6.51% 1,419,894 $32M $22.46 -$2M -144,013 -9.2%
4 TALO 6.07% 3,098,435 $30M $9.59 $3M -33,741 -1.1%
5 MHD 5.20% 2,166,270 $25M $11.75 $2M +39,723 +1.9%
6 GPOR 4.84% 130,956 $24M $180.98 $21M +115,668 +756.6%
7 BAC-PL 4.60% 17,584 $23M $1,282.25 $497K -556 -3.1%
8 NEA 4.19% 1,801,320 $21M $11.39 -$23M -2,201,319 -55.0%
9 WFC-PL 3.90% 15,404 $19M $1,238.83 $515K -375 -2.4%
10 NZF 3.61% 1,406,423 $18M $12.56 -$18M -1,566,309 -52.7%
11 NVG 2.93% 1,165,469 $14M $12.29 -$14M -1,245,785 -51.7%
12 MUJ 2.92% 1,232,873 $14M $11.59 $590K -18,177 -1.4%
13 NBH 2.60% 1,233,578 $13M $10.32 $1M +52,597 +4.5%
14 NAD 2.53% 1,058,093 $12M $11.69 -$13M -1,169,858 -52.5%
15 MHN 2.49% 1,191,469 $12M $10.22 $459K -1,800 -0.1%
16 MYN 2.38% 1,174,171 $12M $9.93 $470K
17 MUC 2.17% 981,326 $11M $10.85 $487K -341 -0.0%
18 MQT 2.10% 1,026,805 $10M $10.03 $400K
19 MVF 1.71% 1,223,865 $8M $6.86 -$296K -96,992 -7.3%
20 BFK 1.71% 833,784 $8M $10.05 $384K
21 NRK 1.66% 797,635 $8M $10.20 $231K
22 WBD 1.60% 400,000 $8M $19.53 +400,000 NEW
23 MYD 1.54% 712,123 $8M $10.56 $43K -32,637 -4.4%
24 MIY 1.53% 664,819 $7M $11.28 $160K
25 NAC 1.20% 511,343 $6M $11.50 -$18M -1,639,526 -76.2%
26 GLD 1.11% 15,336 $5M $355.47 $777K
27 BYM 1.07% 479,613 $5M $10.95 $172K -1,448 -0.3%
28 VOD 0.88% 371,152 $4M $11.60 -$2M -220,272 -37.2%
29 MQY 0.85% 357,837 $4M $11.65 $193K
30 ENX 0.85% 421,971 $4M $9.86 $241K
31 VFL 0.84% 401,695 $4M $10.26 $241K
32 BLE 0.78% 363,951 $4M $10.45 -$2M -213,719 -37.0%
33 VGM 0.77% 370,162 $4M $10.12 $233K
34 VKI 0.73% 404,961 $4M $8.77 $162K
35 EIM 0.65% 318,814 $3M $9.94 -$701K -81,373 -20.3%
36 VKQ 0.64% 325,107 $3M $9.65 $163K
37 VMO 0.61% 307,705 $3M $9.67 $151K
38 NQP 0.57% 233,310 $3M $12.00 $182K
39 MFM 0.48% 433,155 $2M $5.39 $612K +100,000 +30.0%
40 KTF 0.24% 130,807 $1M $9.17 $43K
41 BKN 0.21% 92,077 $1M $11.34 $39K
42 IQI 0.19% 94,994 $936K $9.85 -$814K -91,572 -49.1%
43 MVT 0.14% 65,678 $698K $10.63 $20K
44 TPB 0.14% 6,802 $672K $98.86 $157K
45 VPV 0.03% 14,433 $149K $10.33 $4K
46 NINEQ 0.02% 116,342 $74K $0.63 -$19K -3,842 -3.2%
47 FET —% -$16M -809,235 -100.0% SOLD
48 NBB —% -$2M -156,775 -100.0% SOLD
49 MYI —% -$926K -88,233 -100.0% SOLD
50 NAN —% -$611K -53,530 -100.0% SOLD
51 NEE-PR —% -$48M -1,204,627 -100.0% SOLD
52 GTLS-PB —% -$24M -400,972 -100.0% SOLD
53 MAV —% -$6M -736,710 -100.0% SOLD
54 MHI —% -$7M -777,329 -100.0% SOLD

New Positions

SymbolValue% Port
WBD $8M 1.60%

Sold Out Positions

SymbolValue% Port
FET —%
NBB —%
MYI —%
NAN —%
MHI —%
MAV —%
GTLS-PB —%
NEE-PR —%
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