13F-HR filed by MacKay Shields LLC
MacKay Shields LLC filed this 13F-HR for the quarter ended 2025-09-30, filed 2025-10-27, with 136 holding rows worth $2,939,899,446.
- Accession
- 0000061227-25-000004
- Filer
- CIK 61227
- Filed
- 2025-10-27
- Accepted by EDGAR
- acceptance time not in the bulk data set
- Ingested
- Source
- SEC quarterly data set
13F report for Q3 2025
A holdings report, 354 entries on the cover page, a total value of $2,939,899,446 stated on the cover page (in dollars after the unit check, H1), rows summing to $2,939,899,446 with VALUE read as dollars as filed, 13F file number 028-00046. The quarter's positions are built on this report. The resolved quarter.
Other managers
- included managerNEW YORK LIFE INVESTMENT MANAGEMENT LLC028-06325
- included managerFIRST TRUST ADVISORS LP028-06487
- included managerNEW YORK LIFE INSURANCE CO028-00065
- included managerOPPENHEIMER ASSET MANAGEMENT INC.028-10748
- included managerMCMORGAN & CO LLC028-10044
- included managerRIVERNORTH CAPITAL MANAGEMENT, LLC028-13256
- included managerIndexIQ Advisors LLC028-13712
The information table after summing rows of one CUSIP and put or call (H4), with the CUSIP and issuer name as filed. Values in dollars after the unit check (method).
| Issuer as filed | CUSIP | Class | Amount | Value | Value read as | Type |
|---|---|---|---|---|---|---|
| SEAGATE HDD CAYMAN | 81180WBL4 | NOTE 3.500% 6/0 | 25,568,000 | $73,683,780 | dollars as filed | principal |
| QXO INC | 82846H504 | 5.50 DEP PFD | 1,186,085 | $65,490,614 | dollars as filed | |
| TETRA TECH INC NEW | 88162GAB9 | DBCV 2.250% 8/1 | 58,598,000 | $63,490,463 | dollars as filed | principal |
| UBER TECHNOLOGIES INC | 90353TAM2 | NOTE 0.875%12/0 | 42,991,000 | $63,291,996 | dollars as filed | principal |
| MIRUM PHARMACEUTICALS INC | 604749AB7 | NOTE 4.000% 5/0 | 26,219,000 | $63,086,189 | dollars as filed | principal |
| ADVANCED ENERGY INDS | 007973AE0 | NOTE 2.500% 9/1 | 45,174,000 | $62,744,062 | dollars as filed | principal |
| WESTERN DIGITAL CORP | 958102AT2 | NOTE 3.000%11/1 | 19,228,000 | $61,711,843 | dollars as filed | principal |
| PG&E CORP | 69331CAL2 | NOTE 4.250%12/0 | 60,439,000 | $61,260,318 | dollars as filed | principal |
| Lantheus Hldgs Inc Note 2.625 percent 12/1 | 516544AB9 | Convertible | 55,673,000 | $58,678,261 | dollars as filed | principal |
| BOEING CO | 097023204 | DEP CONV PFD A | 841,981 | $58,550,940 | dollars as filed | |
| HALOZYME THERAPEUTICS INC | 40637HAD1 | NOTE 0.250% 3/0 | 50,503,000 | $57,988,571 | dollars as filed | principal |
| CABLE ONE, INC. | 12685JAG0 | NOTE | 67,424,000 | $57,714,944 | dollars as filed | principal |
| POST HLDGS INC | 737446AT1 | NOTE 2.500% 8/1 | 50,121,000 | $56,348,637 | dollars as filed | principal |
| Nutanix Inc Note 0.250 percent 10/0 | 67059NAH1 | Convertible | 40,670,000 | $56,051,753 | dollars as filed | principal |
| APOLLO GLOBAL MGMT INC | 03769M304 | CMN | 721,847 | $50,992,832 | dollars as filed | |
| OSI SYSTEMS INC | 671044AF2 | NOTE 2.250% 8/0 | 32,536,000 | $47,266,041 | dollars as filed | principal |
| LIBERTY MEDIA CORP DEL | 531229AQ5 | NOTE 2.250% 8/1 | 34,433,000 | $45,731,928 | dollars as filed | principal |
| ON SEMICONDUCTOR CORP | 682189AS4 | NOTE 5/0 | 39,979,000 | $45,583,422 | dollars as filed | principal |
| IRHYTHM HOLDINGS INC | 450056AB2 | NOTE 1.500% 9/0 | 30,856,000 | $42,488,712 | dollars as filed | principal |
| LUMENTUM HLDGS INC | 55024UAF6 | NOTE 0.500% 6/1 | 30,445,000 | $42,470,775 | dollars as filed | principal |
| AKAMAI TECHNOLOGIES INC | 00971TAL5 | NOTE 0.375% 9/0 | 43,444,000 | $41,648,265 | dollars as filed | principal |
| HEWLETT PACKARD ENTERPRISE C | 42824C208 | CMN | 605,178 | $41,247,526 | dollars as filed | |
| MKS INC. | 55306NAB0 | NOTE 1.250% 6/0 | 37,185,000 | $40,802,920 | dollars as filed | principal |
| NCL CORP LTD | 62886HBD2 | BOND | 39,311,000 | $40,333,086 | dollars as filed | principal |
| SNOWFLAKE INC | 833445AB5 | NOTE 10/0 | 26,382,000 | $40,087,450 | dollars as filed | principal |
| SHIFT4 PMTS INC | 82452JAD1 | NOTE 0.500% 8/0 | 39,897,000 | $39,361,682 | dollars as filed | principal |
| ETSY INC | 29786AAJ5 | NOTE 0.125%10/0 | 37,493,000 | $38,964,603 | dollars as filed | principal |
| IONIS PHARMACEUTICALS INC | 462222AF7 | NOTE 1.750% 6/1 | 27,793,000 | $38,510,676 | dollars as filed | principal |
| iShares Gold Trust | 464285204 | COM | 525,000 | $38,204,250 | dollars as filed | |
| MERITAGE HOMES CORP | 59001ABF8 | NOTE 1.750% 5/1 | 37,024,000 | $38,047,875 | dollars as filed | principal |
| PATRICK INDS INC | 703343AG8 | NOTE 1.750%12/0 | 23,353,000 | $37,951,863 | dollars as filed | principal |
| MICROCHIP TECHNOLOGY INC. | 595017302 | DEP SHS REPSTG | 609,163 | $36,035,191 | dollars as filed | |
| CHEFS WHSE INC | 163086AE1 | NOTE 2.375%12/1 | 24,100,000 | $34,872,300 | dollars as filed | principal |
| DEXCOM INC | 252131AM9 | NOTE 0.375% 5/1 | 37,290,000 | $34,028,580 | dollars as filed | principal |
| TYLER TEX INDPT SCH DIST | 902252AB1 | NOTE 0.250% 3/1 | 30,621,000 | $33,683,098 | dollars as filed | principal |
| BIOMARIN PHARMACEUTICAL INC | 09061GAK7 | NOTE 1.250% 5/1 | 35,206,000 | $33,449,046 | dollars as filed | principal |
| NORTHERN OIL & GAS INC | 665531AJ8 | NOTE 3.625% 4/1 | 32,032,000 | $32,185,351 | dollars as filed | principal |
| BLACKROCK MUN TARGET TERM TR | 09257P105 | COM SHS BEN IN | 1,419,894 | $31,890,820 | dollars as filed | |
| FLUOR CORP | 343412AJ1 | NOTE 1.125% 8/1 | 26,730,000 | $31,769,618 | dollars as filed | principal |
| FORD MTR CO | 345370CZ1 | NOTE 3/1 | 30,776,000 | $31,256,074 | dollars as filed | principal |
| LIBERTY MEDIA CORP DEL | 531229AP7 | NOTE 3.750% 3/1 | 29,835,000 | $31,177,575 | dollars as filed | principal |
| PARSONS CORP DEL | 70202LAD4 | NOTE 2.625% 3/0 | 26,441,000 | $30,208,838 | dollars as filed | principal |
| TALOS ENERGY INC | 87484T108 | COM | 3,098,435 | $29,713,991 | dollars as filed | |
| PROGRESS SOFTWARE CORP | 743312AD2 | NOTE 3.500% 3/0 | 28,964,000 | $29,193,517 | dollars as filed | principal |
| Bridgebio Pharma Inc Note 2.250 percent 2/0 | 10806XAD4 | Convertible | 28,922,000 | $28,582,167 | dollars as filed | principal |
| BURLINGTON STORES INC | 122017AD8 | NOTE 1.250%12/1 | 20,561,000 | $27,788,192 | dollars as filed | principal |
| Q2 HLDGS INC | 74736LAD1 | NOTE 0.750% 6/0 | 25,829,000 | $26,849,246 | dollars as filed | principal |
| DROPBOX INC | 26210CAD6 | NOTE 3/0 | 24,613,000 | $25,462,149 | dollars as filed | principal |
| BLACKROCK MUNIHOLDINGS FD IN | 09253N104 | COM | 2,166,270 | $25,453,672 | dollars as filed | |
| ALNYLAM PHARMACEUTICALS INC | 02043QAB3 | NOTE 1.000% 9/1 | 15,188,000 | $24,992,841 | dollars as filed | principal |
| CABLE ONE INC | 12685JAE5 | NOTE 3/1 | 24,975,000 | $24,388,204 | dollars as filed | principal |
| GLOBAL PMTS INC | 37940XAU6 | NOTE 1.500% 3/0 | 26,553,000 | $24,369,130 | dollars as filed | principal |
| FRESHPET INC | 358039AB1 | NOTE 3.000% 4/0 | 21,572,000 | $24,294,726 | dollars as filed | principal |
| ARES MANAGEMENT CORPORATION | 03990B309 | CMN | 480,905 | $24,046,494 | dollars as filed | |
| GULFPORT ENERGY CORP COMMON SHARES | 402635502 | Stock | 130,956 | $23,700,416 | dollars as filed | |
| NEXTERA ENERGY INC | 65339F663 | CMN | 465,471 | $23,266,400 | dollars as filed | |
| BANK OF AMER CORP | 060505682 | 7.25%CNV PFD L | 17,584 | $22,547,132 | dollars as filed | |
| LUMENTUM HLDGS INC | 55024UAH2 | NOTE 1.500%12/1 | 9,060,000 | $21,888,960 | dollars as filed | principal |
| OIL STS INTL INC | 678026AK1 | NOTE 4.750% 4/0 | 21,321,000 | $21,342,321 | dollars as filed | principal |
| GREENBRIER COS INC | 393657AM3 | NOTE 2.875% 4/1 | 19,205,000 | $20,629,050 | dollars as filed | principal |
| NUVEEN AMT FREE QLTY MUN INC | 670657105 | COM | 1,801,320 | $20,517,035 | dollars as filed | |
| RIVIAN AUTOMOTIVE INC | 76954AAB9 | NOTE 4.625% 3/1 | 18,765,000 | $19,481,505 | dollars as filed | principal |
| WELLS FARGO & CO | 949746804 | PERP PFD CNV A | 15,404 | $19,082,861 | dollars as filed | |
| VERTEX INC | 92538JAB2 | NOTE 0.750% 5/0 | 18,323,000 | $18,689,460 | dollars as filed | principal |
| NUVEEN MUN CR INCOME FD | 67070X101 | COM SH BEN INT | 1,406,423 | $17,664,673 | dollars as filed | |
| WORKIVA INC | 98139AAD7 | NOTE 1.250% 8/1 | 17,070,000 | $16,877,963 | dollars as filed | principal |
| IMPINJ INC | 453204AD1 | NOTE 1.125% 5/1 | 9,965,000 | $16,676,428 | dollars as filed | principal |
| CHEESECAKE FACTORY INC | 163072AA9 | NOTE 0.375% 6/1 | 15,810,000 | $15,737,340 | dollars as filed | principal |
| CONMED CORP | 207410AH4 | NOTE 2.250% 6/1 | 15,399,000 | $14,678,373 | dollars as filed | principal |
| TELADOC HEALTH INC | 87918AAF2 | NOTE 1.250% 6/0 | 15,313,000 | $14,378,823 | dollars as filed | principal |
| NUVEEN AMT FREE MUN CR INC F | 67071L106 | COM | 1,165,469 | $14,323,615 | dollars as filed | |
| BLACKROCK MUNIHLDGS NJ QLTY | 09254X101 | COM | 1,232,873 | $14,288,998 | dollars as filed | |
| JAZZ INVESTMENTS I LTD | 472145AF8 | NOTE 2.000% 6/1 | 13,366,000 | $14,238,132 | dollars as filed | principal |
| MGP INGREDIENTS INC NEW | 55303JAB2 | NOTE 1.875%11/1 | 14,660,000 | $14,029,459 | dollars as filed | principal |
| NEUBERGER BERMAN MUN FD INC | 64124P101 | COM | 1,233,578 | $12,730,525 | dollars as filed | |
| AEROVIRONMENT INC | 008073AA6 | NOTE 7/1 | 10,088,000 | $12,524,252 | dollars as filed | principal |
| NUVEEN QUALITY MUNCP INCOME | 67066V101 | COM | 1,058,093 | $12,369,107 | dollars as filed | |
| BLACKROCK MUNIHLDGS NY QLTY | 09255C106 | COM | 1,191,469 | $12,176,813 | dollars as filed | |
| FIVE9 INC | 338307AF8 | CNV | 13,345,000 | $11,857,033 | dollars as filed | principal |
| BLACKROCK MUNIYIELD N Y QUAL | 09255E102 | COM | 1,174,171 | $11,659,518 | dollars as filed | |
| RAPID7 INC | 753422AH7 | NOTE 1.250% 3/1 | 12,905,000 | $11,457,537 | dollars as filed | principal |
| BLACKROCK MUNIHLDNGS CALI | 09254L107 | COM | 981,326 | $10,647,388 | dollars as filed | |
| AMPHASTAR PHARMACEUTICALS IN | 03209RAB9 | NOTE 2.000% 3/1 | 11,610,000 | $10,567,601 | dollars as filed | principal |
| BLACKROCK MUNIYEILD QUALITY FU | 09254G108 | COM | 1,026,805 | $10,298,854 | dollars as filed | |
| HAEMONETICS CORP MASS | 405024AB6 | NOTE 3/0 | 8,949,000 | $8,762,676 | dollars as filed | principal |
| BLACKROCK MUNIVEST FUND | 09253R105 | COM | 1,223,865 | $8,395,714 | dollars as filed | |
| BLACKROCK MUN INCOME TR | 09248F109 | SH BEN INT | 833,784 | $8,379,529 | dollars as filed | |
| LUMENTUM HLDGS INC | 55024UAD1 | NOTE 0.500%12/1 | 4,909,000 | $8,259,393 | dollars as filed | principal |
| NUVEEN NEW YORK AMT QLT MUNI | 670656107 | COM | 797,635 | $8,135,877 | dollars as filed | |
| LIVE NATION ENTERTAINMENT IN | 538034BA6 | NOTE 3.125% 1/1 | 4,885,000 | $7,880,137 | dollars as filed | principal |
| WARNER BROS DISCOVERY INC COM SER A | 934423104 | Stock | 400,000 | $7,812,000 | dollars as filed | |
| Spectrum Brands, Inc. | 84762LAZ8 | Convertible Bond | 8,128,000 | $7,573,264 | dollars as filed | principal |
| BLACKROCK MUNIYIELD FUND | 09253W104 | COM | 712,123 | $7,520,019 | dollars as filed | |
| BlackRock Muniy Michigan | 09254V105 | Fund | 664,819 | $7,499,158 | dollars as filed | |
| CLOUDFLARE INC | 18915MAC1 | NOTE 8/1 | 5,816,000 | $7,244,991 | dollars as filed | principal |
| Wec Energy Group Inc Note 4.375 percent 6/0 | 92939UAR7 | Convertible | 5,508,000 | $6,756,338 | dollars as filed | principal |
| SOUTHERN CO | 842587DZ7 | NOTE 4.500% 6/1 | 5,736,000 | $6,375,724 | dollars as filed | principal |
| EXPEDIA GROUP INC | 30212PBE4 | NOTE 2/1 | 6,183,000 | $6,241,724 | dollars as filed | principal |
| NUVEEN CA DIVI ADV MUN | 67066Y105 | COM | 511,343 | $5,880,445 | dollars as filed | |
| VAIL RESORTS INC | 91879QAN9 | NOTE 1/0 | 5,759,000 | $5,678,374 | dollars as filed | principal |
| Dropbox Inc | 26210CAC8 | Convertible bond | 5,713,000 | $5,635,589 | dollars as filed | principal |
| SPDR GOLD TR | 78463V107 | GOLD SHS | 15,336 | $5,451,488 | dollars as filed | |
| BLACKROCK MUNICIPAL INCOME QUA | 092479104 | COM | 479,613 | $5,251,762 | dollars as filed | |
| INTEGER HLDGS CORP | 45826HAB5 | NOTE 2.125% 2/1 | 3,961,000 | $5,163,389 | dollars as filed | principal |
| Shift4 Payments Inc | 82452JAB5 | Convertible bond | 4,779,000 | $4,903,254 | dollars as filed | principal |
| PEBBLEBROOK HOTEL TR | 70509VAA8 | NOTE 1.750%12/1 | 4,923,000 | $4,851,567 | dollars as filed | principal |
| BENTLEY SYS INC | 08265TAB5 | NOTE 0.125% 1/1 | 4,661,000 | $4,605,068 | dollars as filed | principal |
| VODAFONE GROUP PLC SPONSORED ADR | 92857W308 | ADR | 371,152 | $4,305,363 | dollars as filed | |
| BLACKROCK MUNIYIELD QUALITY FU | 09254F100 | COM | 357,837 | $4,168,802 | dollars as filed | |
| EATON VANCE NEW YORK MUN BD | 27827Y109 | COM | 421,971 | $4,160,634 | dollars as filed | |
| ABRDN NATL MUN INCOME FD SH BEN INT | 24610T108 | CEF | 401,695 | $4,121,391 | dollars as filed | |
| BLACKROCK MUNI INCOME TR II | 09249N101 | COM | 363,951 | $3,803,288 | dollars as filed | |
| INVESCO TR INVT GRADE MUNS | 46131M106 | COM | 370,162 | $3,746,040 | dollars as filed | |
| EXACT SCIENCES CORP | 30063PAC9 | NOTE 0.375% 3/0 | 4,034,000 | $3,725,549 | dollars as filed | principal |
| INVESCO ADVANTAGE MUN INCOME | 46132E103 | SH BEN INT | 404,961 | $3,551,508 | dollars as filed | |
| IONIS PHARMACEUTICALS INC | 462222AD2 | NOTE 4/0 | 2,816,000 | $3,455,232 | dollars as filed | principal |
| EATON VANCE MUNICIPAL BOND FUN | 27827X101 | COM | 318,814 | $3,169,011 | dollars as filed | |
| INVESCO MUNICIPAL TRUST | 46131J103 | COM | 325,107 | $3,137,283 | dollars as filed | |
| INVESCO MUNI OPPORTUNITY TRUST | 46132C107 | COM | 307,705 | $2,975,508 | dollars as filed | |
| NUVEEN PA INVT QUALITY MUN F | 670972108 | COM | 233,310 | $2,799,720 | dollars as filed | |
| MFS MUNICIPAL INCOME TRUST | 552738106 | SH BEN INT | 433,155 | $2,334,705 | dollars as filed | |
| BLACKROCK N Y MUN INCOME TRU | 09248L106 | SH BEN INT | 218,559 | $2,211,817 | dollars as filed | |
| DWS MUNICIPAL INCOME TRUST | 233368109 | COM | 130,807 | $1,199,500 | dollars as filed | |
| BLACKROCK INVESTMENT QUALITY M | 09247D105 | COM | 92,077 | $1,044,153 | dollars as filed | |
| BLACKLINE INC | 09239BAF6 | NOTE 1.000% 6/0 | 1,000,000 | $1,040,910 | dollars as filed | principal |
| INVESCO QUALITY MUNICIPAL INCO | 46133G107 | COM | 94,994 | $935,691 | dollars as filed | |
| SOUTHERN CO | 842587DP9 | NOTE 3.875%12/1 | 655,000 | $738,016 | dollars as filed | principal |
| BLACKROCK MUNIVEST FUND II | 09253T101 | COM | 65,678 | $698,157 | dollars as filed | |
| TURNING PT BRANDS INC COM | 90041L105 | Stock | 6,802 | $672,446 | dollars as filed | |
| PPL CAP FDG INC | 69352PAS2 | NOTE 2.875% 3/1 | 503,000 | $574,799 | dollars as filed | principal |
| DUKE ENERGY CORP | 26441CBY0 | CONV BND | 505,000 | $542,743 | dollars as filed | principal |
| WW INTL INC | 98262P200 | COM NEW | 14,371 | $393,191 | dollars as filed | |
| INVESCO PA VALUE MUN INC TR | 46132K109 | COM | 14,433 | $149,093 | dollars as filed | |
| BILL HOLDINGS INC | 090043AB6 | NOTE 12/0 | 75,000 | $73,792 | dollars as filed | principal |
| NINE ENERGY SERVICE INC | 65441V101 | COM | 116,342 | $73,517 | dollars as filed | |
| CHEGG INC | 163092AF6 | NOTE 9/0 | 45,000 | $35,438 | dollars as filed | principal |
Amendment chain
| Filing | Role | Filed | Accepted | Ingested |
|---|---|---|---|---|
| 13F-HR 0000061227-25-000004 | this filing | 2025-10-27 | acceptance time not in the bulk data set |