Mackay Shields LLC
- SEC CIK
- 0000061227
- Latest filing
- Jul 28, 2026
Holdings in Q3 2025
Holdings as of Sep 30, 2025, filed Oct 27, 2025. Long positions only; changes compare share counts with Q2 2025.
- Positions
- 136
- −9 vs. Q2 2025
- Portfolio value
- $2.94B
- −$182.3M (−5.8%) vs. Q2 2025
| Security | Class | Shares | Value | % of portfolio | Share change | Action | History |
|---|---|---|---|---|---|---|---|
| Chegg, Inc163092AF6 | NOTE 9/0 | – | $35.4K | <0.1% | – | – | – |
| NINENine Energy Service, Inc. | COM | 116,342 | $73.5K | <0.1% | −3,842−3.2% | Reduced | History |
| Bill Com Hldgs Inc090043AB6 | NOTE 12/0 | – | $73.8K | <0.1% | – | – | – |
| VPVInvesco Pennsylvania Value Municipal Income Trust | COM | 14,433 | $149.1K | <0.1% | 00.0% | Unchanged | History |
| WWWW International, Inc. | COM NEW | 14,371 | $393.2K | <0.1% | +14,371 | New | History |
| Duke Energy CORP26441CBY0 | NOTE 4.125% 4/1 | – | $542.7K | <0.1% | – | – | – |
| PPL Cap FDG Inc69352PAS2 | NOTE 2.875% 3/1 | – | $574.8K | <0.1% | – | – | – |
| TPBTurning Point Brands, Inc. | COM | 6,802 | $672.4K | <0.1% | 00.0% | Unchanged | History |
| MVTBlackRock Munivest Fund II, Inc. | COM | 65,678 | $698.2K | <0.1% | 00.0% | Unchanged | History |
| Southern Co842587DP9 | NOTE 3.875%12/1 | – | $738.0K | <0.1% | – | – | – |
| IQIInvesco Quality Municipal Income Trust | COM | 94,994 | $935.7K | <0.1% | −91,572−49.1% | Reduced | History |
| Blackline, Inc.09239BAF6 | NOTE 1.000% 6/0 | – | $1.04M | <0.1% | – | – | – |
| BKNBlackRock Investment Quality Municipal Trust, Inc. | COM | 92,077 | $1.04M | <0.1% | 00.0% | Unchanged | History |
| KTFDWS Municipal Income Trust | COM | 130,807 | $1.20M | <0.1% | 00.0% | Unchanged | History |
| BlackRock New York Municipal Income Trust09248L106 | SH BEN INT | 218,559 | $2.21M | 0.1% | 00.0% | Unchanged | – |
| MFMAberdeen Municipal Income Fund | SH BEN INT | 433,155 | $2.33M | 0.1% | +100,000+30.0% | Added | History |
| NQPNuveen Pennsylvania Quality Municipal Income Fund | COM | 233,310 | $2.80M | 0.1% | 00.0% | Unchanged | History |
| VMOInvesco Municipal Opportunity Trust | COM | 307,705 | $2.98M | 0.1% | 00.0% | Unchanged | History |
| VKQInvesco Municipal Trust | COM | 325,107 | $3.14M | 0.1% | 00.0% | Unchanged | History |
| EIMEaton Vance Municipal Bond Fund | COM | 318,814 | $3.17M | 0.1% | −81,373−20.3% | Reduced | History |
| Ionis Pharmaceuticals Inc462222AD2 | NOTE 4/0 | – | $3.46M | 0.1% | – | – | – |
| VKIInvesco Advantage Municipal Income Trust II | SH BEN INT | 404,961 | $3.55M | 0.1% | 00.0% | Unchanged | History |
| Exact Sciences Corp30063PAC9 | NOTE 0.375% 3/0 | – | $3.73M | 0.1% | – | – | – |
| VGMInvesco Trust for Investment Grade Municipals | COM | 370,162 | $3.75M | 0.1% | 00.0% | Unchanged | History |
| BLEBlackRock Municipal Income Trust II | COM | 363,951 | $3.80M | 0.1% | −213,719−37.0% | Reduced | History |
| VFLabrdn National Municipal Income Fund | CEF | 401,695 | $4.12M | 0.1% | 00.0% | Unchanged | History |
| ENXEaton Vance New York Municipal Bond Fund | COM | 421,971 | $4.16M | 0.1% | 00.0% | Unchanged | History |
| MQYBlackRock Muniyield Quality Fund, Inc. | COM | 357,837 | $4.17M | 0.1% | 00.0% | Unchanged | History |
| VODVodafone Group Public Ltd Co | ADR | 371,152 | $4.31M | 0.1% | −220,272−37.2% | Reduced | History |
| Bentley Sys Inc08265TAB5 | NOTE 0.125% 1/1 | – | $4.61M | 0.2% | – | – | – |
| Pebblebrook Hotel Tr70509VAA8 | NOTE 1.750%12/1 | – | $4.85M | 0.2% | – | – | – |
| SHIFT4 PMTS Inc82452JAB5 | NOTE 12/1 | – | $4.90M | 0.2% | – | – | – |
| Integer Hldgs Corp45826HAB5 | NOTE 2.125% 2/1 | – | $5.16M | 0.2% | – | – | – |
| BYMBlackRock Municipal Income Quality Trust | COM | 479,613 | $5.25M | 0.2% | −1,448−0.3% | Reduced | History |
| GLDSPDR Gold Trust | ETF | 15,336 | $5.45M | 0.2% | 00.0% | Unchanged | History |
| Dropbox, Inc.26210CAC8 | NOTE 3/0 | – | $5.64M | 0.2% | – | – | – |
| Vail Resorts Inc91879QAN9 | NOTE 1/0 | – | $5.68M | 0.2% | – | – | – |
| NACNuveen California Quality Municipal Income Fund | COM | 511,343 | $5.88M | 0.2% | −1,639,526−76.2% | Reduced | History |
| Expedia Group, Inc.30212PBE4 | NOTE 2/1 | – | $6.24M | 0.2% | – | – | – |
| Southern Co842587DZ7 | NOTE 4.500% 6/1 | – | $6.38M | 0.2% | – | New | – |
| Wec Energy Group, Inc.92939UAR7 | NOTE 4.375% 6/0 | – | $6.76M | 0.2% | – | New | – |
| Cloudflare, Inc.18915MAC1 | NOTE 8/1 | – | $7.24M | 0.2% | – | – | – |
| MIYBlackRock Muniyield Michigan Quality Fund, Inc. | COM | 664,819 | $7.50M | 0.3% | 00.0% | Unchanged | History |
| MYDBlackRock Muniyield Fund, Inc. | COM | 712,123 | $7.52M | 0.3% | −32,637−4.4% | Reduced | History |
| Spectrum Brands Inc84762LAZ8 | NOTE 3.375% 6/0 | – | $7.57M | 0.3% | – | – | – |
| WBDWarner Bros. Discovery, Inc. | Stock | 400,000 | $7.81M | 0.3% | +400,000 | New | History |
| Live Nation Entertainment IN538034BA6 | NOTE 3.125% 1/1 | – | $7.88M | 0.3% | – | – | – |
| NRKNuveen New York Amt-Free Quality Municipal Income Fund | COM | 797,635 | $8.14M | 0.3% | 00.0% | Unchanged | History |
| Lumentum Hldgs Inc55024UAD1 | NOTE 0.500%12/1 | – | $8.26M | 0.3% | – | – | – |
| BFKBlackRock Municipal Income Trust | SH BEN INT | 833,784 | $8.38M | 0.3% | 00.0% | Unchanged | History |
| MVFBlackRock Munivest Fund, Inc. | COM | 1,223,865 | $8.40M | 0.3% | −96,992−7.3% | Reduced | History |
| Haemonetics Corp Mass405024AB6 | NOTE 3/0 | – | $8.76M | 0.3% | – | – | – |
| MQTBlackRock Muniyield Quality Fund II, Inc. | COM | 1,026,805 | $10.3M | 0.4% | 00.0% | Unchanged | History |
| Amphastar Pharmaceuticals IN03209RAB9 | NOTE 2.000% 3/1 | – | $10.6M | 0.4% | – | – | – |
| MUCBlackRock Muniholdings California Quality Fund, Inc. | CEF | 981,326 | $10.6M | 0.4% | −3410.0% | Reduced | History |
| Rapid7, Inc.753422AH7 | NOTE 1.250% 3/1 | – | $11.5M | 0.4% | – | – | – |
| MYNBlackRock Muniyield New York Quality Fund, Inc. | COM | 1,174,171 | $11.7M | 0.4% | 00.0% | Unchanged | History |
| Five9, Inc.338307AF8 | NOTE 1.000% 3/1 | – | $11.9M | 0.4% | – | – | – |
| MHNBlackRock Muniholdings New York Quality Fund, Inc. | COM | 1,191,469 | $12.2M | 0.4% | −1,800−0.2% | Reduced | History |
| NADNuveen Quality Municipal Income Fund | COM | 1,058,093 | $12.4M | 0.4% | −1,169,858−52.5% | Reduced | History |
| AeroVironment Inc008073AA6 | NOTE 7/1 | – | $12.5M | 0.4% | – | New | – |
| NBHNeuberger Municipal Fund Inc. | COM | 1,233,578 | $12.7M | 0.4% | +52,597+4.5% | Added | History |
| MGP Ingredients Inc55303JAB2 | NOTE 1.875%11/1 | – | $14.0M | 0.5% | – | – | – |
| Jazz Investments I Ltd472145AF8 | NOTE 2.000% 6/1 | – | $14.2M | 0.5% | – | – | – |
| MUJBlackRock Muniholdings New Jersey Quality Fund, Inc. | COM | 1,232,873 | $14.3M | 0.5% | −18,177−1.5% | Reduced | History |
| NVGNuveen AMT-Free Municipal Credit Income Fund | CEF | 1,165,469 | $14.3M | 0.5% | −1,245,785−51.7% | Reduced | History |
| Teladoc Health, Inc.87918AAF2 | NOTE 1.250% 6/0 | – | $14.4M | 0.5% | – | – | – |
| CONMED Corp207410AH4 | NOTE 2.250% 6/1 | – | $14.7M | 0.5% | – | – | – |
| Cheesecake Factory Inc163072AA9 | NOTE 0.375% 6/1 | – | $15.7M | 0.5% | – | – | – |
| Impinj Inc453204AD1 | NOTE 1.125% 5/1 | – | $16.7M | 0.6% | – | – | – |
| Workiva Inc98139AAD7 | NOTE 1.250% 8/1 | – | $16.9M | 0.6% | – | – | – |
| NZFNuveen Municipal Credit Income Fund | COM SH BEN INT | 1,406,423 | $17.7M | 0.6% | −1,566,309−52.7% | Reduced | History |
| Vertex, Inc.92538JAB2 | NOTE 0.750% 5/0 | – | $18.7M | 0.6% | – | – | – |
| WFC.PLWells Fargo & Company | PERP PFD CNV A | 15,404 | $19.1M | 0.6% | −375−2.4% | Reduced | History |
| Rivian Automotive, Inc.76954AAB9 | NOTE 4.625% 3/1 | – | $19.5M | 0.7% | – | – | – |
| NEANuveen AMT-Free Quality Municipal Income Fund | COM | 1,801,320 | $20.5M | 0.7% | −2,201,319−55.0% | Reduced | History |
| Greenbrier Cos Inc393657AM3 | NOTE 2.875% 4/1 | – | $20.6M | 0.7% | – | – | – |
| Oil STS Intl Inc678026AK1 | NOTE 4.750% 4/0 | – | $21.3M | 0.7% | – | – | – |
| Lumentum Hldgs Inc55024UAH2 | NOTE 1.500%12/1 | – | $21.9M | 0.7% | – | – | – |
| Bank of Amer Corp060505682 | 7.25%CNV PFD L | 17,584 | $22.5M | 0.8% | −556−3.1% | Reduced | – |
| NEE.PSNextera Energy Inc | UNIT 06/01/2027 | 465,471 | $23.3M | 0.8% | +465,471 | New | History |
| GPORGulfport Energy Corp | COMMON SHARES | 130,956 | $23.7M | 0.8% | +115,668+756.6% | Added | History |
| ARES.PBAres Management Corp | 6.75 SE B PFD | 480,905 | $24.0M | 0.8% | +1,315+0.3% | Added | History |
| Freshpet, Inc.358039AB1 | NOTE 3.000% 4/0 | – | $24.3M | 0.8% | – | New | – |
| Global PMTS Inc37940XAU6 | NOTE 1.500% 3/0 | – | $24.4M | 0.8% | – | – | – |
| Cable One, Inc.12685JAE5 | NOTE 3/1 | – | $24.4M | 0.8% | – | – | – |
| Alnylam Pharmaceuticals, Inc.02043QAB3 | NOTE 1.000% 9/1 | – | $25.0M | 0.9% | – | – | – |
| MHDBlackRock Muniholdings Fund, Inc. | COM | 2,166,270 | $25.5M | 0.9% | +39,723+1.9% | Added | History |
| Dropbox, Inc.26210CAD6 | NOTE 3/0 | – | $25.5M | 0.9% | – | – | – |
| Q2 Hldgs Inc74736LAD1 | NOTE 0.750% 6/0 | – | $26.8M | 0.9% | – | – | – |
| Burlington Stores, Inc.122017AD8 | NOTE 1.250%12/1 | – | $27.8M | 0.9% | – | – | – |
| BridgeBio Pharma, Inc.10806XAD4 | NOTE 2.250% 2/0 | – | $28.6M | 1.0% | – | – | – |
| Progress Software Corp743312AD2 | NOTE 3.500% 3/0 | – | $29.2M | 1.0% | – | – | – |
| TALOTalos Energy Inc. | COM | 3,098,435 | $29.7M | 1.0% | −33,741−1.1% | Reduced | History |
| Parsons Corp70202LAD4 | NOTE 2.625% 3/0 | – | $30.2M | 1.0% | – | – | – |
| Liberty Media Corp531229AP7 | NOTE 3.750% 3/1 | – | $31.2M | 1.1% | – | – | – |
| Ford MTR Co Del345370CZ1 | NOTE 3/1 | – | $31.3M | 1.1% | – | – | – |
| Fluor Corp343412AJ1 | NOTE 1.125% 8/1 | – | $31.8M | 1.1% | – | – | – |
| BTTBlackRock Municipal 2030 Target Term Trust | COM SHS BEN IN | 1,419,894 | $31.9M | 1.1% | −144,013−9.2% | Reduced | History |
| Northern Oil & Gas, Inc.665531AJ8 | NOTE 3.625% 4/1 | – | $32.2M | 1.1% | – | – | – |
Sold out since Q2 2025 (19)
Positions held at the end of Q2 2025 that are gone from this filing.
| Security | Class | Shares in Q2 2025 | Value in Q2 2025 | % of portfolio in Q2 2025 | History |
|---|---|---|---|---|---|
| NICE Ltd.653656AB4 | NOTE 9/1 | – | $57.6M | 1.8% | – |
| Halozyme Therapeutics, Inc.40637HAF6 | NOTE 1.000% 8/1 | – | $49.8M | 1.6% | – |
| Nextera Energy Inc65339F713 | UNIT 09/01/2025 | 1,204,627 | $48.0M | 1.5% | – |
| Centennial Resource Dev Inc15136AAA0 | NOTE 3.250% 4/0 | – | $35.8M | 1.1% | – |
| Chart Inds Inc16115Q407 | 6.75DP CNV PFD B | 400,972 | $24.4M | 0.8% | – |
| Kosmos Energy Ltd.500688AH9 | NOTE 3.125% 3/1 | – | $22.0M | 0.7% | – |
| FETForum Energy Technologies, Inc. | COM | 809,235 | $15.8M | 0.5% | History |
| Envista Holdings Corp29415FAD6 | NOTE 1.750% 8/1 | – | $13.9M | 0.4% | – |
| Okta, Inc.679295AD7 | NOTE 0.125% 9/0 | – | $13.7M | 0.4% | – |
| Summit Hotel Pptys Inc866082AA8 | NOTE 1.500% 2/1 | – | $13.0M | 0.4% | – |
| TransMedics Group, Inc.89377MAB5 | NOTE 1.500% 6/0 | – | $9.82M | 0.3% | – |
| MHIPioneer Municipal High Income Fund, Inc. | COM SHS | 777,329 | $7.12M | 0.2% | History |
| MAVPioneer Municipal High Income Advantage Fund, Inc. | COM | 736,710 | $6.11M | 0.2% | History |
| NCL Corp Ltd62886HAX9 | NOTE 5.375% 8/0 | – | $4.53M | 0.1% | – |
| Solaredge Technologies, Inc.83417MAD6 | NOTE 9/1 | – | $3.09M | 0.1% | – |
| NBBNuveen Taxable Municipal Income Fund | COM | 156,775 | $2.48M | 0.1% | History |
| American Airls Group Inc02376RAF9 | NOTE 6.500% 7/0 | – | $2.32M | 0.1% | – |
| MYIBlackRock Muniyield Quality Fund III, Inc. | COM | 88,233 | $925.6K | <0.1% | History |
| NANNuveen New York Quality Municipal Income Fund | COM | 53,530 | $610.8K | <0.1% | History |