MACKAY SHIELDS LLC
•CIK: 61227•Filing: Q4 2025
**MACKAY SHIELDS LLC** manages $2.9B across a diversified portfolio of 132 positions. The fund exhibits significant concentration in financial and energy sectors, notably holding BACRP at $86.6M and UBS at $85.3M. Top allocations also include TDBCP ($73.3M), MS-PL ($66.0M), and USB-PQ ($65.1M). This structure suggests a tactical, large-cap focus with substantial exposure to key financial institutions.
Total AUM
$662.4M
QoQ Performance
-10.6%
Positions
48
Top 10 Concentration
61.3%
Latest Filing
Q4 2025
Top Holdings Allocation
QXO 5.5 05/15/28
BA 6 10/15/27
APO 6.75 07/31/26
HPE 7.625 09/01/27
IAU*
MCHP 7.5 03/15/28
TALO
QXO 5.5 05/15/289.8%
BA 6 10/15/278.7%
APO 6.75 07/31/268.1%
HPE 7.625 09/01/276.0%
IAU*5.8%
MCHP 7.5 03/15/285.3%
TALO5.0%
BTT4.7%
📈 Biggest Buys
BAC 7.25 PERP L
BANK AMERICA CORP
+19.0%
4.0% of portfolio
CWB
SPDR SERIES TRUST
NEW
0.2% of portfolio
SECR
NEW YORK LIFE INVTS ACTIVE E
NEW
0.0% of portfolio
📉 Biggest Sells
Sector Breakdown
Other100.0%
🚪 Exited Positionssold since Q3 2025
+3 more exited positions
Changes from Q3 2025
NEW2 new positions
↑1 increased
↓24 decreased
Historical Filings
Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023