MacKay Shields

MacKay Shields as of March 31, 2012

Portfolio Holdings for MacKay Shields

MacKay Shields holds 149 positions in its portfolio as reported in the March 2012 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
E M C Corp Mass note 1.750%12/0 4.0 $89M 48M 1.88
Apache Corp. 6% Mandatory Conv pfd cv 3.6 $82M 1.5M 55.55
Gilead Sciences conv 2.7 $62M 50M 1.23
Allegheny Technologies Inc note 4.250% 6/0 2.7 $60M 48M 1.25
Teva Pharm Finance Llc Cvt cv bnd 2.5 $57M 52M 1.10
St Mary Ld & Expl Co note 3.500% 4/0 2.5 $56M 43M 1.30
Biomarin Pharmaceutical Inc note 1.875% 4/2 2.3 $52M 29M 1.79
Amgen Inc note 0.375% 2/0 2.2 $51M 49M 1.03
Peabody Energy Corp sdcv 4.750%12/1 2.2 $50M 52M 0.95
Sba Communications Corp note 1.875% 5/0 2.0 $46M 37M 1.27
Teleflex Inc note 3.875% 8/0 2.0 $45M 38M 1.18
Citigroup Inc unit 1.7 $39M 378k 103.27
Danaher Corp Del debt 1.7 $39M 24M 1.63
Stanley Black & Decker Inc unit 99/99/9999 1.7 $39M 316k 122.01
General Motors Company (GM) 1.6 $37M 1.4M 25.65
Microchip Technology Inc sdcv 2.125%12/1 1.5 $34M 25M 1.38
GAME Technolog debt 1.5 $33M 29M 1.14
Covanta Holding Conv conv bnd 1.4 $32M 28M 1.15
Ttm Technologies Inc note 3.250% 5/1 1.4 $31M 28M 1.08
Virgin Media Inc note 6.500%11/1 1.3 $30M 19M 1.53
Wesco Intl Inc dbcv 6.000% 9/1 1.3 $29M 12M 2.42
Verisign Inc sdcv 3.250% 8/1 1.2 $28M 22M 1.28
Coinstar Inc note 4.000% 9/0 1.2 $28M 17M 1.69
Omnicom Group Inc note 7/0 1.2 $28M 26M 1.09
Sandisk Corp note 1.500% 8/1 1.2 $27M 23M 1.19
Omnicare Inc note 3.750%12/1 1.2 $27M 19M 1.46
Salix Pharmaceuticals Inc note 2.750% 5/1 1.2 $27M 20M 1.34
Bank Of America Corporation preferred (BAC.PL) 1.2 $26M 27k 978.90
Mgm Mirage conv 1.1 $26M 24M 1.06
Ford Motor Company (F) 1.1 $25M 2.0M 12.49
Incyte Corp note 4.750%10/0 1.1 $25M 11M 2.30
Metlife Inc 5% 10/0/14 Conv Pr cv prf 1.1 $24M 338k 70.72
Ingersoll-rand Global Hldg C debt 1.1 $24M 10M 2.32
Steel Dynamics Inc note 5.125% 6/1 1.0 $24M 21M 1.14
Molson Coors Brewing Co note 2.500% 7/3 1.0 $23M 22M 1.05
Anixter Intl Inc note 1.000% 2/1 1.0 $22M 18M 1.26
Verifone Sys Inc note 1.375% 6/1 0.9 $21M 18M 1.20
Symantec Corp note 1.000% 6/1 0.9 $21M 18M 1.12
Wells Fargo & Company Non-cum Perpet cnv (WFC.PL) 0.9 $20M 18k 1116.74
Helix Energy Solutions note 0.8 $19M 18M 1.06
Medtronic Inc note 1.625% 4/1 0.8 $19M 19M 1.01
Newmont Mining Corp note 1.250% 7/1 0.8 $19M 15M 1.26
Mylan Inc note 3.750% 9/1 0.8 $19M 10M 1.88
Ppl Corp unit 99/99/9999 0.8 $19M 344k 54.16
L-3 Communications Corp debt 3.000% 8/0 0.8 $18M 19M 0.98
On Semiconductor Corp note 2.625%12/1 0.8 $18M 15M 1.21
Intel Corp sdcv 0.8 $18M 15M 1.15
Hartford Finl Svcs Group Inc dep conv p 0.8 $17M 801k 21.43
Viropharma Inc note 2.000% 3/1 0.8 $17M 10M 1.72
On Semiconductor Corp note 2.625%12/1 0.7 $17M 15M 1.12
Goodyear Tire Rubr Pfd 5.875% p 0.7 $17M 397k 41.43
General Mtrs Co jr pfd cnv srb 0.7 $16M 378k 41.85
Notes Gencorp Inc. 4.0625% dbcv 0.7 $16M 15M 1.07
Ciena Corp note 0.875% 6/1 0.7 $15M 17M 0.88
Transocean Inc note 1.500%12/1 0.6 $14M 14M 0.99
Citigroup (C) 0.6 $14M 378k 36.55
Core Laboratories 0.6 $14M 103k 131.57
Boston Pptys Ltd Partnership note 3.750% 5/1 0.6 $14M 12M 1.14
Apollo Invt Corp note 5.750% 1/1 0.6 $14M 14M 0.98
Chesapeake Energy Corp note 2.750%11/1 0.6 $13M 13M 0.99
Synopsys (SNPS) 0.6 $13M 432k 30.66
Note 3.50 0.6 $13M 11M 1.18
Insulet Corporation Cvt 3.75 0 convert 0.6 $13M 12M 1.05
Lucent Technologies Inc dbcv 2.875% 6/1 0.6 $13M 13M 0.99
Jns 3.25% 7/15/2014 note 0.6 $13M 12M 1.07
Xilinx Inc Cvt 2.625 6-15-17 convert 0.6 $13M 9.4M 1.35
Intermune Inc note 2.500% 9/1 0.6 $13M 15M 0.86
Merck & Co (MRK) 0.6 $12M 321k 38.40
Iconix Brand 0.5 $12M 695k 17.38
Holdings Inc Note 5.25 0.5 $12M 6.4M 1.93
Market Vectors High Yield Muni. Ind 0.5 $12M 380k 31.34
Costco Companies Inc note 8/1 0.5 $12M 5.6M 2.07
Spartan Stores Inc note 3.375% 5/1 0.5 $11M 11M 0.97
Arvinmeritor Inc frnt 4.000% 2/1 0.5 $11M 13M 0.84
Medivation Inc note 2.625% 4/0 0.5 $11M 10M 1.06
Central European Media sr nt cv 5%15 0.5 $10M 13M 0.80
Netapp Inc note 1.750% 6/0 0.4 $9.6M 6.7M 1.45
Sothebys note 3.125% 6/1 0.4 $9.5M 7.5M 1.27
Triumph (TGI) 0.4 $9.3M 149k 62.66
Chart Industries 2% conv 0.4 $9.2M 7.2M 1.28
Alpha Natural Resources Inc note 2.375% 4/1 0.4 $9.1M 10M 0.90
Cit 0.4 $8.7M 211k 41.24
Omnicare Cap Tr Ii pfd b tr 4.00% 0.4 $8.8M 186k 47.50
Alza Corp sdcv 7/2 0.4 $8.7M 9.1M 0.95
Equinix Inc note 4.750% 6/1 0.4 $8.4M 4.2M 2.00
Baker Hughes Incorporated 0.4 $8.5M 202k 41.94
Symantec Corporation 0.4 $8.1M 431k 18.70
Affiliated Managers Group note 3.950% 8/1 0.3 $7.8M 7.0M 1.11
Stanley Wks frnt 5/1 0.3 $7.7M 6.5M 1.19
Rovi Corp conv 0.3 $6.9M 6.6M 1.05
Micron Technology Inc note 4.250%10/1 0.3 $6.8M 4.1M 1.65
U.s. Concrete Inc Cmn 0.3 $6.8M 1.5M 4.66
Halliburton Company (HAL) 0.3 $6.6M 200k 33.19
Industries N shs - a - (LYB) 0.3 $6.6M 151k 43.65
Tidewater 0.3 $6.3M 116k 54.02
Ford Mtr Co Del note 4.250%11/1 0.3 $5.8M 3.7M 1.59
Hornbeck Offshore Svcs Inc N frnt 1.625%11/1 0.2 $5.7M 5.3M 1.08
ION Geophysical Corporation 0.2 $5.7M 891k 6.45
Newpark Res Inc note 4.000%10/0 0.2 $5.3M 4.8M 1.11
Arcelormittal Sa Luxembourg note 5.000% 5/1 0.2 $4.9M 4.6M 1.08
Massey Energy Co note 3.250% 8/0 0.2 $4.7M 5.2M 0.90
Lam Research Corporation (LRCX) 0.2 $4.5M 100k 44.62
Health Care Reit Inc Cvt cv bnd 0.2 $4.6M 4.1M 1.11
Leap Wireless Intl Inc note 4.500% 7/1 0.2 $4.2M 4.4M 0.96
Avis Budget (CAR) 0.2 $4.3M 306k 14.15
Vale Cap Ii gtd cv 6.75%12 0.2 $4.2M 66k 63.57
Bpz Resources Inc bond 0.2 $4.4M 4.8M 0.92
Archer Daniels Midland Co note 0.875% 2/1 0.2 $4.1M 4.0M 1.03
iGATE Corporation 0.2 $4.2M 249k 16.76
Home Inns & Hotels Mgmt Inc note 2.000%12/1 0.2 $3.9M 5.0M 0.77
Asbury Automotive Group Inc note 3.000% 9/1 0.2 $3.7M 3.5M 1.04
Hollyfrontier Corp 0.2 $3.7M 114k 32.15
Quantum Corp note 3.500%11/1 0.2 $3.6M 3.6M 1.01
Nii Hldgs Inc note 3.125% 6/1 0.1 $3.5M 3.4M 1.01
Transocean (RIG) 0.1 $3.2M 59k 54.70
Omnicom Group Inc debt 0.1 $2.9M 2.5M 1.16
United States Stl Corp New note 4.000% 5/1 0.1 $2.8M 2.4M 1.19
Morgan Stanley California Quality (IQC) 0.1 $2.6M 183k 13.99
Hartford Financial Services (HIG) 0.1 $2.3M 111k 21.08
Sandisk Corp note 1.000% 5/1 0.1 $2.1M 2.1M 1.00
Hewlett-Packard Company 0.1 $1.8M 77k 23.83
Salix Pharmaceuticals 0.1 $1.7M 33k 52.49
Alcoa Inc debt 0.1 $1.9M 1.1M 1.67
Nuveen California Municipal Market Op (NCO) 0.1 $1.8M 117k 15.50
Nuveen Michigan Qlity Incom Municipal 0.1 $1.7M 113k 15.11
Nuveen Pennsylvania Premium Income Munic (NPY) 0.1 $1.6M 110k 14.30
Forest Oil Corporation 0.1 $1.3M 110k 12.12
Quantum Corporation 0.1 $1.3M 479k 2.62
Nuveen PA Investnt Quality Municipal (NQP) 0.1 $1.4M 88k 15.55
Cadence Design Sys Cvt 2.625 6 convert 0.1 $1.4M 857k 1.67
Equinix Inc note 3.000%10/1 0.1 $1.0M 691k 1.51
Blackrock Muniyield California Ins Fund 0.1 $1.2M 79k 14.87
Digital River 2% 11/1/30 conv 0.1 $1.2M 1.2M 0.97
Gulf Island Fabrication (GIFI) 0.0 $878k 30k 29.27
McDermott International 0.0 $844k 66k 12.81
Babcock & Wilcox 0.0 $848k 33k 25.74
Blackrock MuniHoldings CA Insrd Fnd (MUC) 0.0 $940k 63k 14.98
Teradyne Inc note 4.500% 3/1 0.0 $622k 198k 3.14
TTM Technologies (TTMI) 0.0 $575k 50k 11.50
Meritor 0.0 $755k 94k 8.07
Nortek 0.0 $590k 15k 40.67
BlackRock MuniYield California Fund 0.0 $381k 25k 15.36
Invesco Quality Municipal Securities 0.0 $513k 35k 14.82
Nuveen CA Dividend Advantage Muni. Fund (NAC) 0.0 $401k 28k 14.37
Borgwarner Inc note 3.500% 4/1 0.0 $303k 118k 2.57
Chesapeake Energy Corp note 2.500% 5/1 0.0 $184k 200k 0.92
Invesco Municipal Income Opp Trust (OIA) 0.0 $264k 38k 6.87
Blackrock Nj Municipal Bond 0.0 $161k 10k 16.05
Ixia note 0.0 $15k 14k 1.07