MACKAY SHIELDS LLC

CIK

61227

Location

New York, NY

Portfolio Value

Small $266,887,858

Diversification

Diversified

Filing Date

Global Rank

#3,597 / 8,603 ▲ 188 · as of Mar 2026

Top Industry

Asset Management 67.5%

3Y Alpha vs SPY

-8.5%

Period ended 3 months ago

Filed Apr 27, 2026 · 2mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+42.3%

SPY

+76.5%

Annualised alpha

-8.4%

Max drawdown

−11.5%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

26 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

13.3%

−1.6 pts

Top 5

52.5%

−6.0 pts

Top 10

82.6%

+2.1 pts

HHI

803

Diversified−37

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Financial Services	57.2%	$152,532,591	19
Energy	25.1%	$66,950,434	3
Unclassified	15.4%	$40,994,551	2
Communication Services	2.3%	$6,212,825	1
Healthcare	0.1%	$197,457	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

3 positions

Ticker	Company	Δ Shares	Shares	Value
MQY	Blackrock Muniyield Quality Fund, Inc.	+1,236,182	1,594,019	$17,502,327
MYN	Blackrock Muniyield New York Quality Fund, Inc.	+1,175,516	2,349,687	$22,556,994
BTT	BlackRock Municipal 2030 Target Term Trust	+202,135	1,566,262	$35,554,147
No positions match the current search.

Trimmed

Positions the filer reduced

17 positions

Ticker	Company	Δ Shares	Shares	Value
TALO	Talos Energy Inc.	−1,679,338	1,329,097	$20,946,567
MUC	Blackrock Muniholdings California Quality Fund, Inc.	−834,486	146,840	$1,527,136
NBH	Neuberger Municipal Fund Inc.	−610,301	623,277	$6,326,261
NZF	Nuveen Municipal Credit Income Fund	−268,843	55,659	$677,926
EIM	Eaton Vance Municipal Bond Fund	−193,050	125,764	$1,228,713
MHD	Blackrock Muniholdings Fund, Inc.	−183,915	1,982,355	$22,360,963
NRK	Nuveen New York Amt-Free Quality Municipal Income Fund	−121,225	519,880	$5,307,974
VKQ	Invesco Municipal Trust	−116,293	208,814	$1,987,908
NQP	NUVEEN PENNSYLVANIA QUALITY MUNICIPAL INCOME FUND	−111,286	117,934	$1,406,952
VGM	Invesco Trust for Investment Grade Municipals	−99,376	209,167	$2,064,477
MUJ	Blackrock Muniholdings New Jersey Quality Fund, Inc.	−84,941	1,147,932	$13,281,572
IAU	Ishares Gold Trust	−84,850	390,150	$34,395,624
VMO	Invesco Municipal Opportunity Trust	−79,083	126,255	$1,200,684
VKI	Invesco Advantage Municipal Income Trust II	−60,448	45,320	$392,470
GPOR	Gulfport Energy Corp	−10,000	98,592	$20,859,109
MFM	Aberdeen Municipal Income Fund	−6,502	333,155	$1,795,705
MIY	Blackrock Muniyield Michigan Quality Fund, Inc.	−5,850	658,969	$7,828,551
No positions match the current search.

New Positions

Positions the filer opened this quarter

2 positions

Ticker	Company	Shares	Value
NINE	Nine Energy Service, Inc.	3,066,434	$25,144,758
MYI	Blackrock Muniyield Quality Fund III, Inc.	526,256	$5,530,949
No positions match the current search.

Sold Out

Positions the filer fully exited

3 positions

Ticker	Company	Shares	Value
KTF	Dws Municipal Income Trust	92,505	$840,870
TPB	Turning Point Brands, Inc.	6,802	$737,336
VPV	Invesco Pennsylvania Value Municipal Income Trust	14,433	$150,968
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

26 positions · $266,887,858 total · as of Mar 31, 2026

All sectors Communication Services Energy Financial Services Healthcare

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
BTT	BlackRock Municipal 2030 Target Term Trust Financial Services	Added	1,566,262	+202,135	$35,554,147	+14.2%	13.32%
IAU	Ishares Gold Trust	Reduced	390,150	-84,850	$34,395,624	−10.8%	12.89%
NINE	Nine Energy Service, Inc. Energy	NEW	3,066,434	NEW	$25,144,758	NEW	9.42%
MYN	Blackrock Muniyield New York Quality Fund, Inc. Financial Services	Added	2,349,687	+1,175,516	$22,556,994	+93.9%	8.45%
MHD	Blackrock Muniholdings Fund, Inc. Financial Services	Reduced	1,982,355	-183,915	$22,360,963	−12.1%	8.38%
TALO	Talos Energy Inc. Energy	Reduced	1,329,097	-1,679,338	$20,946,567	−36.8%	7.85%
GPOR	Gulfport Energy Corp Energy	Reduced	98,592	-10,000	$20,859,109	−7.6%	7.82%
MQY	Blackrock Muniyield Quality Fund, Inc. Financial Services	Added	1,594,019	+1,236,182	$17,502,327	+332.8%	6.56%
MUJ	Blackrock Muniholdings New Jersey Quality Fund, Inc. Financial Services	Reduced	1,147,932	-84,941	$13,281,572	−9.5%	4.98%
MIY	Blackrock Muniyield Michigan Quality Fund, Inc. Financial Services	Reduced	658,969	-5,850	$7,828,551	+0.3%	2.93%
GLD	Spdr Gold Trust	Held	15,336	0	$6,598,927	+8.6%	2.47%
NBH	Neuberger Municipal Fund Inc. Financial Services	Reduced	623,277	-610,301	$6,326,261	−49.3%	2.37%
WBD	Warner Bros. Discovery, Inc. Communication Services	Held	226,250	0	$6,212,825	−4.7%	2.33%
MYI	Blackrock Muniyield Quality Fund III, Inc. Financial Services	NEW	526,256	NEW	$5,530,949	NEW	2.07%
NRK	Nuveen New York Amt-Free Quality Municipal Income Fund Financial Services	Reduced	519,880	-121,225	$5,307,974	−17.9%	1.99%
VFL	abrdn National Municipal Income Fund Financial Services	Held	401,695	0	$4,000,882	−3.0%	1.50%
VGM	Invesco Trust for Investment Grade Municipals Financial Services	Reduced	209,167	-99,376	$2,064,477	−35.5%	0.77%
VKQ	Invesco Municipal Trust Financial Services	Reduced	208,814	-116,293	$1,987,908	−36.6%	0.74%
MFM	Aberdeen Municipal Income Fund Financial Services	Reduced	333,155	-6,502	$1,795,705	−2.6%	0.67%
MUC	Blackrock Muniholdings California Quality Fund, Inc. Financial Services	Reduced	146,840	-834,486	$1,527,136	−85.3%	0.57%
NQP	NUVEEN PENNSYLVANIA QUALITY MUNICIPAL INCOME FUND Financial Services	Reduced	117,934	-111,286	$1,406,952	−48.4%	0.53%
EIM	Eaton Vance Municipal Bond Fund Financial Services	Reduced	125,764	-193,050	$1,228,713	−60.4%	0.46%
VMO	Invesco Municipal Opportunity Trust Financial Services	Reduced	126,255	-79,083	$1,200,684	−38.9%	0.45%
NZF	Nuveen Municipal Credit Income Fund Financial Services	Reduced	55,659	-268,843	$677,926	−83.4%	0.25%
VKI	Invesco Advantage Municipal Income Trust II Financial Services	Reduced	45,320	-60,448	$392,470	−59.3%	0.15%
WW	Ww International, Inc. Healthcare	Held	14,371	0	$197,457	−53.0%	0.07%