MacKay Shields LLC
CIK 61227 · View on SEC EDGAR ↗
- Portfolio value
- $3.0B
- Positions
- 108
- As of
- June 30, 2026
#1,106 of 8,643 by 13F value · top 12.8%
Portfolio value QoQ: +253.7% 13F does not disclose cash
- Top 10 holdings weight
- 43.02%
- Top 25 holdings weight
- 74.91%
- Positions above 1%
- 27
- Effective number of positions
- 31.7
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 68.89% Est. buys $617,310,292 · sells $608,237,730
Median holding: 5.0 quarters Tracked Q4 2024–Q2 2026 · 52.2% still held
- New positions
- 13
- Increased
- 34
- Decreased
- 41
- Closed
- 8
On this page
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
- Related The person behind this filer, where we can match one.
Sector breakdown
Energy
1.4%
Technology
0.2%
Communication Services
0.1%
Diversified Consumer Services
0.0%
Other/Unmapped
98.3%
Full portfolio 108 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| Unknown issuer (CUSIP: 55306NAB0) | $94,809,212 | 10.28% | 32,168,000 | $90,107,620 | Up ×2 | ||
| NEEPRS | $47,484,002 | 5.15% | 885,400 | $45,934,806 | Up ×2 | ||
| Unknown issuer (CUSIP: 69331CAL2) | $38,757,640 | 4.20% | 37,877,000 | $38,542,260 | Up ×1 | ||
| Unknown issuer (CUSIP: 12685JAG0) | $34,921,800 | 3.79% | 53,520,000 | $34,801,080 | Up ×1 | ||
| Unknown issuer (CUSIP: 531229AQ5) | $34,775,302 | 3.77% | 28,022,000 | $29,448,439 | Up ×1 | ||
| Unknown issuer (CUSIP: 472145AH4) | $33,494,107 | 3.63% | 19,636,000 | Up ×1 | |||
| Unknown issuer (CUSIP: 23248VAD7) | $30,239,372 | 3.28% | 18,176,000 | Up ×1 | |||
| Unknown issuer (CUSIP: 682189AS4) | $29,796,471 | 3.23% | 16,360,000 | $-12,490,689 | Down ×1 | ||
| Unknown issuer (CUSIP: 65441V200) | $27,541,025 | 2.99% | 2,116,912 | $27,489,554 | Up ×1 | ||
| IAU | $24,768,790 | 2.69% | 328,020 | $-9,626,834 | Down ×6 | ||
| Unknown issuer (CUSIP: 70202LAD4) | $24,641,719 | 2.67% | 24,984,000 | $23,508,230 | Up ×1 | ||
| Unknown issuer (CUSIP: 703343AG8) | $24,340,434 | 2.64% | 16,420,000 | $-4,156,476 | |||
| Unknown issuer (CUSIP: 743312AD2) | $24,075,087 | 2.61% | 25,048,000 | $23,101,333 | Up ×1 | ||
| Unknown issuer (CUSIP: 26210CAD6) | $23,376,188 | 2.54% | 23,099,000 | $22,212,776 | Up ×1 | ||
| Unknown issuer (CUSIP: 25809KAB1) | $23,324,813 | 2.53% | 23,650,000 | Up ×1 | |||
| Unknown issuer (CUSIP: 40171VAC4) | $22,912,313 | 2.49% | 23,805,000 | $21,572,829 | Up ×1 | ||
| Unknown issuer (CUSIP: 87157DAJ8) | $22,748,138 | 2.47% | 15,300,000 | $21,847,202 | Up ×1 | ||
| BTT BlackRock Municipal 2030 Target Term Trust | $21,312,041 | 2.31% | 936,793 | $46,840 | |||
| Unknown issuer (CUSIP: 91680MAF4) | $19,859,906 | 2.15% | 24,225,000 | $19,188,134 | Up ×1 | ||
| Unknown issuer (CUSIP: 76954AAB9) | $18,375,622 | 1.99% | 15,473,000 | $1,771,159 | |||
| Unknown issuer (CUSIP: 55024UAF6) | $17,263,827 | 1.87% | 2,646,000 | $-118,904,309 | Down ×1 | ||
| Unknown issuer (CUSIP: 67059NAK4) | $14,973,552 | 1.62% | 15,180,000 | $-10,587,763 | Down ×1 | ||
| MYN Blackrock MuniYield New York Quality Fund, Inc.Common Stock | $13,693,812 | 1.49% | 1,349,144 | $742,030 | |||
| TALO Talos Energy, Inc. Common Stock | $12,476,805 | 1.35% | 966,445 | $12,406,468 | Up ×1 | ||
| Unknown issuer (CUSIP: 65339F655) | $10,621,922 | 1.15% | 221,567 | Up ×1 | |||
| Unknown issuer (CUSIP: 55303JAB2) | $9,685,313 | 1.05% | 9,940,000 | $9,567,272 | Up ×1 | ||
| MHD Blackrock MuniHoldings Fund, Inc. Common Stock | $9,470,437 | 1.03% | 795,835 | $493,418 | |||
| Unknown issuer (CUSIP: 833445AB5) | $8,953,006 | 0.97% | 5,383,000 | $-20,630,275 | Down ×1 | ||
| Unknown issuer (CUSIP: 40131MAB5) | $8,565,917 | 0.93% | 6,888,000 | Up ×1 | |||
| Unknown issuer (CUSIP: 532206AC3) | $8,476,750 | 0.92% | 8,200,000 | Up ×1 | |||
| Unknown issuer (CUSIP: 90353TAM2) | $8,180,640 | 0.89% | 6,840,000 | $7,908,875 | Up ×1 | ||
| Unknown issuer (CUSIP: 92538JAB2) | $7,581,217 | 0.82% | 8,473,000 | $6,961,421 | Up ×1 | ||
| MQY Blackrock MuniYield Quality Fund, Inc. Common Stock | $7,007,189 | 0.76% | 604,068 | $374,522 | |||
| Unknown issuer (CUSIP: 87918AAF2) | $6,974,497 | 0.76% | 7,157,000 | $6,640,765 | Up ×1 | ||
| Unknown issuer (CUSIP: 604749AB7) | $6,881,048 | 0.75% | 1,861,000 | $6,693,182 | Up ×1 | ||
| Unknown issuer (CUSIP: 00971TAL5) | $6,533,350 | 0.71% | 5,452,000 | $5,154,082 | Up ×1 | ||
| Unknown issuer (CUSIP: 958102AT2) | $6,032,094 | 0.65% | 358,000 | $1,176,292 | Down ×1 | ||
| Unknown issuer (CUSIP: 842587DZ7) | $5,872,097 | 0.64% | 5,331,000 | $-123,947 | Down ×1 | ||
| Unknown issuer (CUSIP: 40637HAD1) | $5,766,609 | 0.63% | 5,190,000 | $5,590,339 | Up ×1 | ||
| Unknown issuer (CUSIP: 88162GAB9) | $5,764,094 | 0.63% | 5,487,000 | $5,569,650 | Up ×1 | ||
| Unknown issuer (CUSIP: 59001ABF8) | $5,698,665 | 0.62% | 5,530,000 | $288,531 | Down ×2 | ||
| GLD | $5,649,476 | 0.61% | 15,336 | $-949,451 | |||
| Unknown issuer (CUSIP: 252131AM9) | $5,642,558 | 0.61% | 6,051,000 | $4,605,027 | Up ×1 | ||
| Unknown issuer (CUSIP: 02079K404) | $5,340,686 | 0.58% | 105,840 | Up ×1 | |||
| QXOPRB | $5,231,703 | 0.57% | 107,339 | $-715,905 | Down ×4 | ||
| Unknown issuer (CUSIP: 358039AB1) | $4,999,600 | 0.54% | 4,310,000 | $4,831,934 | Up ×2 | ||
| Unknown issuer (CUSIP: 67059NAH1) | $4,997,118 | 0.54% | 4,434,000 | $4,843,340 | Up ×1 | ||
| Unknown issuer (CUSIP: 737446AT1) | $4,729,950 | 0.51% | 4,570,000 | $-285,273 | Down ×1 | ||
| Unknown issuer (CUSIP: 45826HAB5) | $4,424,395 | 0.48% | 3,634,000 | $4,279,132 | Up ×1 | ||
| VFL | $4,165,577 | 0.45% | 401,695 | $164,695 | |||
| Unknown issuer (CUSIP: 04280AAC4) | $3,744,606 | 0.41% | 3,137,000 | $3,628,451 | Up ×1 | ||
| MIY Blackrock MuniYield Michigan Quality Fund, Inc. Common Stock | $3,714,804 | 0.40% | 302,755 | $826,622 | Up ×1 | ||
| Unknown issuer (CUSIP: 462222AF7) | $3,596,835 | 0.39% | 2,314,000 | $-11,350,351 | Down ×1 | ||
| MUJ Blackrock MuniHoldings New Jersey Quality Fund, Inc. Common Stock | $3,539,494 | 0.38% | 287,530 | $-790,521 | Down ×2 | ||
| MYI Blackrock MuniYield Quality Fund III, Inc Common Stock | $3,370,252 | 0.37% | 303,353 | $-563,389 | Down ×1 | ||
| Unknown issuer (CUSIP: 10806XAD4) | $3,295,455 | 0.36% | 2,978,000 | $1,986,227 | Up ×2 | ||
| HPEPRC | $3,017,310 | 0.33% | 25,800 | $-2,186,131 | Down ×2 | ||
| Unknown issuer (CUSIP: 516544AB9) | $2,913,911 | 0.32% | 2,002,000 | $-49,124,271 | Down ×1 | ||
| BAPRA | $2,585,276 | 0.28% | 38,100 | $2,362,932 | Up ×1 | ||
| Unknown issuer (CUSIP: 450056AB2) | $2,203,965 | 0.24% | 2,010,000 | $1,106,869 | Up ×2 | ||
| Unknown issuer (CUSIP: 589889AB0) | $2,031,757 | 0.22% | 1,883,000 | Up ×1 | |||
| Unknown issuer (CUSIP: 45826HAD1) | $2,029,913 | 0.22% | 2,090,000 | $-39,332,238 | Down ×1 | ||
| MFM MFS Municipal Income Trust Common Stock | $1,876,080 | 0.20% | 333,822 | $80,375 | Up ×1 | ||
| Unknown issuer (CUSIP: 842587ED5) | $1,835,992 | 0.20% | 1,815,000 | Up ×1 | |||
| MCHPP Microchip Technology Incorporated - Depositary Shares Each Representing a 1/20th Interest in a Share of 7.50% Series A Mandatory Convertible Preferred Stock | $1,830,765 | 0.20% | 23,770 | $-25,731,063 | Down ×1 | ||
| Unknown issuer (CUSIP: 76155XAA8) | $1,763,947 | 0.19% | 1,406,000 | Up ×1 | |||
| ARESPRB | $1,762,462 | 0.19% | 48,089 | $471,275 | Up ×1 | ||
| Unknown issuer (CUSIP: 23804LAD5) | $1,715,920 | 0.19% | 1,205,000 | $546,769 | |||
| Unknown issuer (CUSIP: 18915MAF4) | $1,554,609 | 0.17% | 1,227,000 | Up ×1 | |||
| BACPRL | $1,493,221 | 0.16% | 1,188 | $-12,910,003 | Down ×1 | ||
| Unknown issuer (CUSIP: 538034BC2) | $1,479,452 | 0.16% | 1,237,000 | $143,492 | |||
| Unknown issuer (CUSIP: 665531AJ8) | $1,469,718 | 0.16% | 1,530,000 | $-26,396,488 | Down ×1 | ||
| Unknown issuer (CUSIP: 531229AP7) | $1,297,523 | 0.14% | 1,130,000 | $-23,002,702 | Down ×2 | ||
| Unknown issuer (CUSIP: 122017AD8) | $1,235,691 | 0.13% | 774,000 | $-45,279 | |||
| ORCLPRD | $1,058,975 | 0.11% | 23,465 | $-5,337,081 | Down ×1 | ||
| Unknown issuer (CUSIP: 82452JAD1) | $1,018,985 | 0.11% | 1,067,000 | $-16,008,228 | Down ×1 | ||
| Unknown issuer (CUSIP: 090043AF7) | $972,045 | 0.11% | 1,122,000 | $-11,494,620 | Down ×1 | ||
| Unknown issuer (CUSIP: 37940XAU6) | $945,000 | 0.10% | 1,050,000 | $17,796 | |||
| WBD Warner Bros. Discovery, Inc. - Series A Common Stock | $913,292 | 0.10% | 34,257 | $302,307 | Up ×1 | ||
| MUC Blackrock MuniHoldings California Quality Fund, Inc. Common Stock | $803,479 | 0.09% | 73,110 | $36,687 | Down ×1 | ||
| EIM | $673,993 | 0.07% | 67,670 | $106,415 | Up ×1 | ||
| Unknown issuer (CUSIP: 781154AD1) | $655,040 | 0.07% | 640,000 | Up ×1 | |||
| Unknown issuer (CUSIP: 393657AM3) | $650,879 | 0.07% | 569,000 | $-8,251 | |||
| Unknown issuer (CUSIP: 02079K602) | $649,779 | 0.07% | 12,895 | Up ×1 | |||
| Unknown issuer (CUSIP: 69352PAS2) | $568,125 | 0.06% | 500,000 | $-18,250 | |||
| Unknown issuer (CUSIP: 84762LAZ8) | $464,892 | 0.05% | 445,000 | $19,647 | |||
| Unknown issuer (CUSIP: 98139AAD7) | $417,076 | 0.05% | 445,000 | $-249,437 | Down ×1 | ||
| Unknown issuer (CUSIP: 92939UAR7) | $384,478 | 0.04% | 310,000 | $620 | |||
| Unknown issuer (CUSIP: 163086AE1) | $341,664 | 0.04% | 153,000 | $-26,515,497 | Down ×1 | ||
| Unknown issuer (CUSIP: 338307AF8) | $284,688 | 0.03% | 320,000 | $-4,806,350 | Down ×1 | ||
| Unknown issuer (CUSIP: 09239BAF6) | $272,285 | 0.03% | 295,000 | $-326,044 | Down ×1 | ||
| Unknown issuer (CUSIP: 538034BA6) | $270,788 | 0.03% | 152,000 | $-6,674,080 | Down ×1 | ||
| WW WW International, Inc. - Common Stock | $229,649 | 0.02% | 14,371 | $32,191 | |||
| Unknown issuer (CUSIP: 18915MAC1) | $227,427 | 0.02% | 177,000 | $15,556 | Down ×2 | ||
| Unknown issuer (CUSIP: 343412AJ1) | $202,419 | 0.02% | 153,000 | $-5,487,111 | Down ×1 | ||
| APOPRA | $173,074 | 0.02% | 2,841 | $4,943 | Down ×1 | ||
| Unknown issuer (CUSIP: 09061GAK7) | $168,104 | 0.02% | 173,000 | $-18,719,352 | Down ×2 | ||
| SECR | $145,977 | 0.02% | 5,752 | $-1,568 | |||
| Unknown issuer (CUSIP: 70614WAD2) | $139,102 | 0.02% | 86,000 | $-1,594,858 | Down ×1 | ||
| Unknown issuer (CUSIP: 91332UAH4) | $131,080 | 0.01% | 116,000 | $-3,341,573 | Down ×1 | ||
| No matches | |||||||
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| Unknown issuer (CUSIP: 472145AH4) | $33,494,107 | 19,636,000 | 3.63% |
| Unknown issuer (CUSIP: 23248VAD7) | $30,239,372 | 18,176,000 | 3.28% |
| Unknown issuer (CUSIP: 25809KAB1) | $23,324,813 | 23,650,000 | 2.53% |
| Unknown issuer (CUSIP: 65339F655) | $10,621,922 | 221,567 | 1.15% |
| Unknown issuer (CUSIP: 40131MAB5) | $8,565,917 | 6,888,000 | 0.93% |
| Unknown issuer (CUSIP: 532206AC3) | $8,476,750 | 8,200,000 | 0.92% |
| Unknown issuer (CUSIP: 02079K404) | $5,340,686 | 105,840 | 0.58% |
| Unknown issuer (CUSIP: 589889AB0) | $2,031,757 | 1,883,000 | 0.22% |
| Unknown issuer (CUSIP: 842587ED5) | $1,835,992 | 1,815,000 | 0.20% |
| Unknown issuer (CUSIP: 76155XAA8) | $1,763,947 | 1,406,000 | 0.19% |
| Unknown issuer (CUSIP: 18915MAF4) | $1,554,609 | 1,227,000 | 0.17% |
| Unknown issuer (CUSIP: 781154AD1) | $655,040 | 640,000 | 0.07% |
| Unknown issuer (CUSIP: 02079K602) | $649,779 | 12,895 | 0.07% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| — | Trimmed | -19.6M | -$20.6M |
| — | Trimmed | -16.4M | -$12.5M |
| — | Trimmed | -7.6M | -$11.4M |
| — | Trimmed | -13.1M | -$10.6M |
| IAU | Trimmed | -62K | -$9.6M |
35 positions hidden (data completeness check)
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| NEEPRR | Sept. 30, 2025 | 930,000 | $37,051,200 | No longer tracked |
| DHR | June 30, 2025 | 76,712 | $15,725,960 | 6.4% |
| NEA | Dec. 31, 2025 | 1,257,005 | $14,317,287 | -2.3% |
| NAD | Dec. 31, 2025 | 632,845 | $7,397,958 | -1.9% |
| CWB | March 31, 2025 | 89,945 | $7,005,816 | No longer tracked |
| MVF | March 31, 2026 | 951,908 | $6,596,722 | No longer tracked |
| NBH | June 30, 2026 | 623,277 | $6,326,262 | No longer tracked |
| MHN | March 31, 2026 | 602,382 | $6,162,368 | No longer tracked |
| NVG | Dec. 31, 2025 | 398,050 | $4,892,035 | -1.7% |
| MAV | Sept. 30, 2025 | 536,311 | $4,451,381 | No longer tracked |
| VOD | Dec. 31, 2025 | 371,152 | $4,305,363 | 22.6% |
| MQT | March 31, 2026 | 420,482 | $4,225,844 | No longer tracked |
| NRK | June 30, 2026 | 369,988 | $3,777,577 | -2.5% |
| NAC | Dec. 31, 2025 | 313,326 | $3,603,249 | 0.1% |
| NBB | Sept. 30, 2025 | 156,775 | $2,480,181 | -5.1% |
| BFK | March 31, 2026 | 223,998 | $2,246,700 | No longer tracked |
| MYD | March 31, 2026 | 200,504 | $2,103,287 | No longer tracked |
| MHI | Sept. 30, 2025 | 200,954 | $1,840,739 | No longer tracked |
| MUI | March 31, 2025 | 125,243 | $1,517,945 | No longer tracked |
| Z | March 31, 2025 | 19,761 | $1,463,302 | -46.1% |
| NQP | June 30, 2026 | 117,934 | $1,406,953 | No longer tracked |
| VGM | June 30, 2026 | 130,817 | $1,291,164 | -2.0% |
| CWB | March 31, 2026 | 13,633 | $1,216,064 | No longer tracked |
| VKQ | June 30, 2026 | 118,590 | $1,128,977 | -1.9% |
| BNY | March 31, 2026 | 102,645 | $1,040,820 | |
| BKN | March 31, 2026 | 92,077 | $1,031,262 | No longer tracked |
| IQI | Dec. 31, 2025 | 94,994 | $935,691 | 1.8% |
| MYI | Sept. 30, 2025 | 88,233 | $925,564 | -2.7% |
| KTF | March 31, 2026 | 92,505 | $840,870 | -2.3% |
| GTLSPRB | Sept. 30, 2025 | 13,600 | $826,540 | No longer tracked |
| BLE | March 31, 2026 | 74,692 | $779,784 | No longer tracked |
| TPB | March 31, 2026 | 6,802 | $737,337 | 1.1% |
| MVT | March 31, 2026 | 65,678 | $709,979 | No longer tracked |
| NZF | June 30, 2026 | 55,659 | $677,927 | -2.5% |
| NAN | Sept. 30, 2025 | 53,530 | $610,777 | -2.8% |
| VMO | June 30, 2026 | 48,180 | $458,192 | -1.4% |
| BYM | March 31, 2026 | 18,136 | $198,408 | No longer tracked |
| VKI | June 30, 2026 | 22,556 | $195,335 | No longer tracked |
| ENX | Dec. 31, 2025 | 12,636 | $124,591 | No longer tracked |
| VPV | March 31, 2026 | 9,531 | $99,694 | 6.1% |
| FET | Sept. 30, 2025 | 2,174 | $42,328 | 212.9% |
| NINEQ | Dec. 31, 2025 | 606 | $383 | No longer tracked |