MacKay Shields LLC
Follow13F filer, CIK 61227, New York, NY
MacKay Shields LLC reported $3,122,192,222 across 145 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-07-24. Its ten largest share positions make up 19.76% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001085146-25-004142
- Period
- 2025-06-30
- Reported value
- $3.12B
- Holdings
- 145
- Top 10 weight
- 19.76%
- New
- 11
- Sold out
- 10
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| QXO INCnew | +918,702 | $56.6M |
| BAPRAadded | +223,643 | $15.3M |
| MCHPPadded | +103,953 | $6.94M |
| NBHadded | +239,589 | $2.36M |
| BLACKROCK MUNI INCOME TR IIadded | +223,646 | $2.25M |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Largest sells vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| DHRexited | -76,712 | -$15.7M |
| WELLS FARGO & COreduced | -12,340 | -$14.5M |
| BANK OF AMER CORPreduced | -11,811 | -$14.4M |
| GPORreduced | -41,494 | -$8.35M |
| IAUreduced | -105,000 | -$6.55M |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Holdings, Q2 2025
Share positions as resolved from 13F-HR 0001085146-25-004142, largest first. % of portfolio is the value over $3,122,192,222, the sum of the share positions whose value is usable for ratios (method).
| Security | History | Shares | Value | % of portfolio | Change | Latest event | Timeline |
|---|---|---|---|---|---|---|---|
| BAPRABOEING CO | 845,723 | $57.7M | 1.85% | +223,643 | Timeline | ||
| QXO INCQXO INC | 918,702 | $56.6M | 1.81% | new | |||
| APOLLO GLOBAL MGMT INCAPOLLO GLOBAL MGMT INC | 725,064 | $54.6M | 1.75% | -3,761 | |||
| NEXTERA ENERGY INCNEXTERA ENERGY INC | 1,204,627 | $48M | 1.54% | -8,188 | |||
| XNEAXNUVEEN AMT FREE QLTY MUN INC | 4,002,639 | $43.7M | 1.4% | 0 | Timeline | ||
| MCHPPMICROCHIP TECHNOLOGY INC. | 612,603 | $40.9M | 1.31% | +103,953 | Timeline | ||
| HEWLETT PACKARD ENTERPRISE CHEWLETT PACKARD ENTERPRISE C | 608,240 | $35.9M | 1.15% | -3,485 | |||
| NZFNUVEEN MUN CR INCOME FD | 2,972,732 | $35.4M | 1.13% | -6,858 | Timeline | ||
| IAUISHARES GOLD TR | 555,000 | $34.6M | 1.11% | -105,000 | Timeline | ||
| BTTBLACKROCK MUN TARGET TERM TR | 1,563,907 | $34.2M | 1.1% | 0 | Timeline | ||
| NVGNUVEEN AMT FREE MUN CR INC F | 2,411,254 | $28.8M | 0.92% | -12,429 | Timeline | ||
| TALOTALOS ENERGY INC | 3,132,176 | $26.6M | 0.85% | 0 | Timeline | ||
| ARES MANAGEMENT CORPORATIONARES MANAGEMENT CORPORATION | 479,590 | $26.1M | 0.84% | -2,039 | |||
| NADNUVEEN QUALITY MUNCP INCOME | 2,227,951 | $25.2M | 0.81% | -1,917 | Timeline | ||
| CHART INDS INCCHART INDS INC | 400,972 | $24.4M | 0.78% | -1,993 | |||
| NACNUVEEN CA DIVI ADV MUN | 2,150,869 | $24M | 0.77% | -34,041 | Timeline | ||
| MHDBLACKROCK MUNIHOLDINGS FD IN | 2,126,547 | $23.8M | 0.76% | +146,861 | Timeline | ||
| BANK OF AMER CORPBANK OF AMER CORP | 18,140 | $22.1M | 0.71% | -11,811 | |||
| WELLS FARGO & COWELLS FARGO & CO | 15,779 | $18.6M | 0.59% | -12,340 | |||
| FETFORUM ENERGY TECHNOLOGIES IN | 809,235 | $15.8M | 0.5% | -66,217 | Timeline | ||
| MUJBLACKROCK MUNIHLDGS NJ QLTY | 1,251,050 | $13.7M | 0.44% | 0 | Timeline | ||
| BLACKROCK MUNIHLDGS NY QLTYBLACKROCK MUNIHLDGS NY QLTY | 1,193,269 | $11.7M | 0.38% | -785 | |||
| NBHNEUBERGER MUN FD INC | 1,180,981 | $11.6M | 0.37% | +239,589 | Timeline | ||
| MYNBLACKROCK MUNIYIELD N Y QUAL | 1,174,171 | $11.2M | 0.36% | +27,816 | Timeline | ||
| MUCBLACKROCK MUNIHLDNGS CALI | 981,667 | $10.2M | 0.33% | 0 | Timeline | ||
| BLACKROCK MUNIYEILD QUALITY…BLACKROCK MUNIYEILD QUALITY FU | 1,026,805 | $9.9M | 0.32% | 0 | |||
| BLACKROCK MUNIVEST FUNDBLACKROCK MUNIVEST FUND | 1,320,857 | $8.69M | 0.28% | -99,577 | |||
| BLACKROCK MUN INCOME TRBLACKROCK MUN INCOME TR | 833,784 | $8M | 0.26% | +175,072 | |||
| NRKNUVEEN NY AMT FREE | 797,635 | $7.9M | 0.25% | 0 | Timeline | ||
| BLACKROCK MUNIYIELD FUNDBLACKROCK MUNIYIELD FUND | 744,760 | $7.48M | 0.24% | +186,551 | |||
| MIYBLACKROCK MUNIYIELD MICH QU | 664,819 | $7.34M | 0.24% | 0 | Timeline | ||
| PIONEER MUNICIPAL HIGH INCO…PIONEER MUNICIPAL HIGH INCOME | 777,329 | $7.12M | 0.23% | -4,011 | |||
| VODVODAFONE GROUP PLC | 591,424 | $6.3M | 0.2% | -174,598 | Timeline | ||
| PIONEER MUNICIPAL HIGH INCO…PIONEER MUNICIPAL HIGH INCOME | 736,710 | $6.11M | 0.2% | -77,722 | |||
| BLACKROCK MUNI INCOME TR IIBLACKROCK MUNI INCOME TR II | 577,670 | $5.8M | 0.19% | +223,646 | |||
| BLACKROCK MUNICIPAL INCOME …BLACKROCK MUNICIPAL INCOME QUA | 481,061 | $5.08M | 0.16% | +162,123 | |||
| GLDSPDR GOLD TR | 15,336 | $4.67M | 0.15% | 0 | Timeline | ||
| MQYBLACKROCK MUNIYILD QULT FD I | 357,837 | $3.98M | 0.13% | 0 | Timeline | ||
| EATON VANCE NEW YORK MUN BDEATON VANCE NEW YORK MUN BD | 421,971 | $3.92M | 0.13% | -4,500 | |||
| VFLABRDN NATL MUN INCOME FD | 401,695 | $3.88M | 0.12% | 0 | Timeline | ||
| EIMEATON VANCE MUN BD FD | 400,187 | $3.87M | 0.12% | +90,795 | Timeline | ||
| VGMINVESCO TR INVT GRADE MUNS | 370,162 | $3.51M | 0.11% | 0 | Timeline | ||
| VKIINVESCO ADVANTAGE MUN INCOME | 404,961 | $3.39M | 0.11% | 0 | Timeline | ||
| GPORGULFPORT ENERGY CORP | 15,288 | $3.08M | 0.1% | -41,494 | Timeline | ||
| VKQINVESCO MUNICIPAL TRUST | 325,107 | $2.97M | 0.1% | 0 | Timeline | ||
| VMOINVESCO MUN OPPORTUNIT TR | 307,705 | $2.82M | 0.09% | +100,000 | Timeline | ||
| NQPNUVEEN PA INVT QUALITY MUN F | 233,310 | $2.62M | 0.08% | 0 | Timeline | ||
| NBBNUVEEN TAXABLE MUNICPAL INM | 156,775 | $2.48M | 0.08% | 0 | Timeline | ||
| BLACKROCK N Y MUN INCOME TRUBLACKROCK N Y MUN INCOME TRU | 218,559 | $2.11M | 0.07% | 0 | |||
| IQIINVESCO QUALITY MUN INCOME T | 186,566 | $1.75M | 0.06% | -1,740 | Timeline | ||
| MFMABERDEEN MUN INCOME FD | 333,155 | $1.72M | 0.06% | 0 | Timeline | ||
| KTFDWS MUN INCOME TR | 130,807 | $1.16M | 0.04% | -43,156 | Timeline | ||
| BLACKROCK INVESTMENT QUALIT…BLACKROCK INVESTMENT QUALITY M | 92,077 | $1.01M | 0.03% | 0 | |||
| MYIBLACKROCK MUNIYIELD QUALITY | 88,233 | $926K | 0.03% | new | Timeline | ||
| BLACKROCK MUNIVEST FUND IIBLACKROCK MUNIVEST FUND II | 65,678 | $678K | 0.02% | 0 | |||
| NANNUVEEN NY DIVI ADV | 53,530 | $611K | 0.02% | -16,989 | Timeline | ||
| TPBTURNING PT BRANDS INC | 6,802 | $515K | 0.02% | 0 | Timeline | ||
| VPVINVESCO PA VALUE MUN INC TR | 14,433 | $145K | <0.01% | -575 | Timeline | ||
| NINE ENERGY SERVICE INCNINE ENERGY SERVICE INC | 120,184 | $92.7K | <0.01% | 0 |
Principal amounts
Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| TETRA TECH INC NEWTETRA TECH INC NEW DBCV 2.250% 8/1 | principal | 64,507,000 | $72.8M | -203,000 |
| LANTHEUS HLDGS INCLANTHEUS HLDGS INC Convertible | principal | 55,828,000 | $71M | -191,000 |
| POST HLDGS INCPOST HLDGS INC NOTE 2.500% 8/1 | principal | 58,538,000 | $67M | -211,000 |
| UBER TECHNOLOGIES INCUBER TECHNOLOGIES INC NOTE 0.875%12/0 | principal | 43,173,000 | $61.8M | -200,000 |
| PG&E CORPPG&E CORP NOTE 4.250%12/0 | principal | 60,652,000 | $60.3M | -264,000 |
| NUTANIX INCNUTANIX INC Convertible | principal | 40,832,000 | $57.6M | -180,000 |
| NICE LTDNICE LTD NOTE 9/1 | principal | 58,184,000 | $57.6M | -775,000 |
| ADVANCED ENERGY INDSADVANCED ENERGY INDS NOTE 2.500% 9/1 | principal | 45,386,000 | $54.6M | -238,000 |
| SEAGATE HDD CAYMANSEAGATE HDD CAYMAN NOTE 3.500% 6/0 | principal | 30,140,000 | $54.3M | 0 |
| CHEFS WHSE INCCHEFS WHSE INC NOTE 2.375%12/1 | principal | 34,578,000 | $54M | -207,000 |
| ON SEMICONDUCTOR CORPON SEMICONDUCTOR CORP NOTE 5/0 | principal | 45,179,000 | $53.6M | new |
| HALOZYME THERAPEUTICS INCHALOZYME THERAPEUTICS INC NOTE 1.000% 8/1 | principal | 43,628,000 | $49.8M | -225,000 |
| MIRUM PHARMACEUTICALS INCMIRUM PHARMACEUTICALS INC NOTE 4.000% 5/0 | principal | 27,886,000 | $49.5M | -72,000 |
| CABLE ONE INCCABLE ONE INC NOTE | principal | 63,030,000 | $48.2M | +9,350,000 |
| LIBERTY MEDIA CORP DELLIBERTY MEDIA CORP DEL NOTE 2.250% 8/1 | principal | 34,606,000 | $46.1M | -207,000 |
| PATRICK INDS INCPATRICK INDS INC NOTE 1.750%12/0 | principal | 29,354,000 | $43.6M | -207,000 |
| SHIFT4 PMTS INCSHIFT4 PMTS INC NOTE 0.500% 8/0 | principal | 40,000,000 | $43M | 0 |
| AKAMAI TECHNOLOGIES INCAKAMAI TECHNOLOGIES INC NOTE 0.375% 9/0 | principal | 43,963,000 | $42.7M | -222,000 |
| BIOMARIN PHARMACEUTICAL INCBIOMARIN PHARMACEUTICAL INC NOTE 1.250% 5/1 | principal | 44,297,000 | $41.8M | -10,633,000 |
| IRHYTHM HOLDINGS INCIRHYTHM HOLDINGS INC NOTE 1.500% 9/0 | principal | 30,856,000 | $39.7M | +12,200,000 |
| NCL CORP LTDNCL CORP LTD BOND | principal | 39,299,000 | $38.7M | -5,849,000 |
| TYLER TEX INDPT SCH DISTTYLER TEX INDPT SCH DIST NOTE 0.250% 3/1 | principal | 31,006,000 | $38.3M | 0 |
| MKS INC.MKS INC. NOTE 1.250% 6/0 | principal | 37,307,000 | $36.9M | new |
| ETSY INCETSY INC NOTE 0.125%10/0 | principal | 37,601,000 | $36.4M | -117,000 |
| MERITAGE HOMES CORPMERITAGE HOMES CORP NOTE 1.750% 5/1 | principal | 37,250,000 | $36.2M | new |
| PERMIAN RES OPER LLCPERMIAN RES OPER LLC NOTE 3.250% 4/0 | principal | 14,774,000 | $35.8M | 0 |
| FLUOR CORPFLUOR CORP NOTE 1.125% 8/1 | principal | 26,904,000 | $35.3M | new |
| DEXCOM INCDEXCOM INC NOTE 0.375% 5/1 | principal | 37,468,000 | $35.3M | new |
| WESTERN DIGITAL CORPWESTERN DIGITAL CORP NOTE 3.000%11/1 | principal | 19,408,000 | $34.9M | -3,000 |
| PROGRESS SOFTWARE CORPPROGRESS SOFTWARE CORP NOTE 3.500% 3/0 | principal | 29,034,000 | $33.7M | +8,055,000 |
| NORTHERN OIL & GAS INCNORTHERN OIL & GAS INC NOTE 3.625% 4/1 | principal | 32,180,000 | $33.7M | -176,000 |
| LUMENTUM HLDGS INCLUMENTUM HLDGS INC NOTE 0.500% 6/1 | principal | 30,445,000 | $31.6M | 0 |
| SIRIUSXM HOLDINGS INCSIRIUSXM HOLDINGS INC NOTE 3.750% 3/1 | principal | 29,835,000 | $31.1M | 0 |
| Q2 HLDGS INCQ2 HLDGS INC NOTE 0.750% 6/0 | principal | 25,829,000 | $30.8M | +18,074,000 |
| FORD MOTOR COMPANYFORD MOTOR COMPANY NOTE 3/1 | principal | 30,950,000 | $30.6M | -17,091,000 |
| IONIS PHARMACEUTICALS INCIONIS PHARMACEUTICALS INC NOTE 1.750% 6/1 | principal | 27,793,000 | $29.3M | -3,000,000 |
| PARSONS CORP DELPARSONS CORP DEL NOTE 2.625% 3/0 | principal | 26,439,000 | $28.2M | +4,018,000 |
| BRIDGEBIO PHARMA INCBRIDGEBIO PHARMA INC Convertible | principal | 28,922,000 | $27.1M | +4,434,000 |
| JAZZ INVESTMENTS I LTDJAZZ INVESTMENTS I LTD NOTE 2.000% 6/1 | principal | 26,453,000 | $26.8M | 0 |
| BURLINGTON STORES INCBURLINGTON STORES INC NOTE 1.250%12/1 | principal | 20,561,000 | $26.6M | 0 |
| DROPBOX INCDROPBOX INC NOTE 3/0 | principal | 24,613,000 | $25.1M | 0 |
| GLOBAL PMTS INCGLOBAL PMTS INC NOTE 1.500% 3/0 | principal | 27,430,000 | $24.6M | 0 |
| CONMED CORPCONMED CORP NOTE 2.250% 6/1 | principal | 25,848,000 | $24.5M | -7,964,000 |
| CABLE ONE INCCABLE ONE INC NOTE 3/1 | principal | 25,275,000 | $24M | -450,000 |
| VERTEX INCVERTEX INC NOTE 0.750% 5/0 | principal | 18,323,000 | $22M | new |
| KOSMOS ENERGY LTDKOSMOS ENERGY LTD NOTE 3.125% 3/1 | principal | 32,707,000 | $22M | 0 |
| OIL STS INTL INCOIL STS INTL INC NOTE 4.750% 4/0 | principal | 21,321,000 | $21.3M | -10,000,000 |
| CHEESECAKE FACTORY INCCHEESECAKE FACTORY INC NOTE 0.375% 6/1 | principal | 20,582,000 | $21.1M | -5,375,000 |
| HAEMONETICS CORP MASSHAEMONETICS CORP MASS NOTE 3/0 | principal | 21,488,000 | $20.8M | -5,074,000 |
| GREENBRIER COS INCGREENBRIER COS INC NOTE 2.875% 4/1 | principal | 19,205,000 | $20.5M | 0 |
| ALNYLAM PHARMACEUTICALS INCALNYLAM PHARMACEUTICALS INC NOTE 1.000% 9/1 | principal | 15,268,000 | $19.9M | -83,000 |
| RIVIAN AUTOMOTIVE INCRIVIAN AUTOMOTIVE INC NOTE 4.625% 3/1 | principal | 18,845,000 | $19.2M | -80,000 |
| MGP INGREDIENTS INC NEWMGP INGREDIENTS INC NEW NOTE 1.875%11/1 | principal | 19,555,000 | $18.5M | -5,895,000 |
| AMPHASTAR PHARMACEUTICALS INAMPHASTAR PHARMACEUTICALS IN NOTE 2.000% 3/1 | principal | 20,125,000 | $17.4M | -3,090,000 |
| WORKIVA INCWORKIVA INC NOTE 1.250% 8/1 | principal | 17,070,000 | $15.9M | 0 |
| SPECTRUM BRANDS INCSPECTRUM BRANDS INC Convertible Bond | principal | 16,540,000 | $15.1M | new |
| TELADOC HEALTH INCTELADOC HEALTH INC NOTE 1.250% 6/0 | principal | 15,539,000 | $14.4M | 0 |
| LUMENTUM HLDGS INCLUMENTUM HLDGS INC NOTE 1.500%12/1 | principal | 9,060,000 | $13.9M | new |
| ENVISTA HOLDINGS CORPORATIONENVISTA HOLDINGS CORPORATION NOTE 1.750% 8/1 | principal | 14,908,000 | $13.9M | 0 |
| OKTA INCOKTA INC NOTE 0.125% 9/0 | principal | 13,787,000 | $13.7M | 0 |
| SUMMIT HOTEL PPTYSSUMMIT HOTEL PPTYS NOTE 1.500% 2/1 | principal | 13,391,000 | $13M | 0 |
| IMPINJ INCIMPINJ INC NOTE 1.125% 5/1 | principal | 9,965,000 | $12.4M | 0 |
| RAPID7 INCRAPID7 INC NOTE 1.250% 3/1 | principal | 12,965,000 | $11.5M | 0 |
| FIVE9 INCFIVE9 INC CNV | principal | 12,970,000 | $11.4M | 0 |
| TRANSMEDICS GROUP INCTRANSMEDICS GROUP INC NOTE 1.500% 6/0 | principal | 6,117,000 | $9.82M | -4,000,000 |
| BENTLEY SYS INCBENTLEY SYS INC NOTE 0.125% 1/1 | principal | 8,106,000 | $8.08M | 0 |
| LIVE NATION ENTERTAINMENT INLIVE NATION ENTERTAINMENT IN NOTE 3.125% 1/1 | principal | 5,060,000 | $7.77M | -197,000 |
| CLOUDFLARE INCCLOUDFLARE INC NOTE 8/1 | principal | 6,027,000 | $7.13M | -31,471,000 |
| Shift4 Payments IncShift4 Payments Inc Convertible bond | principal | 4,945,000 | $6.24M | -184,000 |
| INTEGER HLDGS CORPINTEGER HLDGS CORP NOTE 2.125% 2/1 | principal | 4,110,000 | $6.15M | -183,000 |
| EXPEDIA GROUP INCEXPEDIA GROUP INC NOTE 2/1 | principal | 6,177,000 | $6.02M | 0 |
| LUMENTUM HLDGS INCLUMENTUM HLDGS INC NOTE 0.500%12/1 | principal | 5,091,000 | $5.98M | -201,000 |
| Dropbox IncDropbox Inc Convertible bond | principal | 5,911,000 | $5.84M | -215,000 |
| VAIL RESORTS INCVAIL RESORTS INC NOTE 1/0 | principal | 5,959,000 | $5.8M | -229,000 |
| PEBBLEBROOK HOTEL TRPEBBLEBROOK HOTEL TR NOTE 1.750%12/1 | principal | 5,111,000 | $4.83M | -201,000 |
| NCL CORP LTDNCL CORP LTD NOTE 5.375% 8/0 | principal | 4,046,000 | $4.53M | -171,000 |
| EXACT SCIENCES CORPEXACT SCIENCES CORP NOTE 0.375% 3/0 | principal | 4,176,000 | $3.81M | -167,000 |
| SOLAREDGE TECHNOLOGIES INCSOLAREDGE TECHNOLOGIES INC NOTE 9/1 | principal | 3,166,000 | $3.09M | -5,177,000 |
| IONIS PHARMACEUTICALS INCIONIS PHARMACEUTICALS INC NOTE 4/0 | principal | 2,905,000 | $2.92M | -102,000 |
| AMERICAN AIRLINES GROUP INCAMERICAN AIRLINES GROUP INC NOTE 6.500% 7/0 | principal | 2,315,000 | $2.32M | -5,000,000 |
| BLACKLINE INCBLACKLINE INC NOTE 1.000% 6/0 | principal | 1,000,000 | $1.07M | new |
| SOUTHERN COSOUTHERN CO NOTE 3.875%12/1 | principal | 650,000 | $720K | 0 |
| PPL CAP FDG INCPPL CAP FDG INC NOTE 2.875% 3/1 | principal | 500,000 | $541K | 0 |
| DUKE ENERGY CORP NEWDUKE ENERGY CORP NEW CONV BND | principal | 500,000 | $530K | 0 |
| BILL HOLDINGS INCBILL HOLDINGS INC NOTE 12/0 | principal | 75,000 | $72.9K | 0 |
| CHEGG INCCHEGG INC NOTE 9/0 | principal | 45,000 | $35K | 0 |
Sold out in Q2 2025
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| NRG ENERGY INCNRG ENERGY INC | 33,232,000 | $77.4M | principal |
| ON SEMICONDUCTOR CORPON SEMICONDUCTOR CORP | 56,011,000 | $48.4M | principal |
| SOUTHWEST AIRLS COSOUTHWEST AIRLS CO | 33,931,000 | $33.9M | principal |
| ZSCALER INCZSCALER INC | 24,294,000 | $32.2M | principal |
| BOOKING HOLDINGS INCBOOKING HOLDINGS INC | 11,323,000 | $27.9M | principal |
| PALO ALTO NETWORKS INCPALO ALTO NETWORKS INC | 7,890,000 | $27.1M | principal |
| DEXCOM INCDEXCOM INC | 23,717,000 | $23.1M | principal |
| DHRDANAHER CORP DEL | 76,712 | $15.7M | shares |
| ROYAL CARIBBEAN GROUPROYAL CARIBBEAN GROUP | 3,402,000 | $14.1M | principal |
| ARRAY TECHNOLOGIES INCARRAY TECHNOLOGIES INC | 9,818,000 | $7.22M | principal |
How Q2 2025 was built
Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).
| Filing | Role | Amendment | Filed | Accepted | Ingested |
|---|---|---|---|---|---|
| 13F-HR 0001085146-25-004142 | base | 2025-07-24 | acceptance time not in the bulk data set |