MacKay Shields

Mackay Shields as of Dec. 31, 2025

Portfolio Holdings for Mackay Shields

Mackay Shields holds 132 positions in its portfolio as reported in the December 2025 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Western Digital Corp Note 3.000%11/1 (Principal) 3.0 $87M 19M 4.58
Lumentum Hldgs Note 0.500% 6/1 (Principal) 3.0 $85M 30M 2.84
Advanced Energy Inds Note 2.500% 9/1 (Principal) 2.6 $73M 45M 1.64
Mirum Pharmaceuticals Note 4.000% 5/0 (Principal) 2.3 $66M 26M 2.58
Lantheus Hldgs Note 2.625%12/1 (Principal) 2.3 $65M 57M 1.15
Tetra Tech DBCV 2.250% 8/1 (Principal) 2.3 $65M 60M 1.09
Qxo 5.50 Dep Pfd (QXO.PB) 2.3 $65M 1.2M 55.15
Boeing Dep Conv Pfd A (BA.PA) 2.0 $58M 830k 69.53
Cable One Note 1.125% 3/1 (Principal) 2.0 $57M 69M 0.82
Uber Technologies Note 0.875%12/0 (Principal) 1.9 $55M 43M 1.30
Apollo Global Mgmt Ser A Mand Cnv (APO.PA) 1.9 $54M 714k 75.52
Post Hldgs Note 2.500% 8/1 (Principal) 1.9 $53M 50M 1.08
Pg&e Corp Note 4.250%12/0 (Principal) 1.9 $53M 52M 1.03
On Semiconductor Corp Note 5/0 (Principal) 1.6 $47M 39M 1.19
MKS Note 1.250% 6/0 (Principal) 1.6 $47M 37M 1.28
Irhythm Technologies Note 1.500% 9/0 (Principal) 1.6 $46M 33M 1.40
Seagate Hdd Cayman Note 3.500% 6/0 (Principal) 1.6 $45M 13M 3.36
Snowflake Note 10/0 (Principal) 1.6 $44M 30M 1.49
Liberty Media Corp Del Note 2.250% 8/1 (Principal) 1.5 $43M 34M 1.26
Hewlett Packard Enterprise C 7.625 Mand Conv (HPE.PC) 1.4 $40M 598k 66.69
Ncl Corp Note 1.125% 2/1 (Principal) 1.4 $39M 39M 1.00
Ishares Gold Tr Ishares New (IAU) 1.3 $39M 475k 81.17
Shift4 Pmts Note 0.500% 8/0 (Principal) 1.3 $38M 40M 0.96
Etsy Note 0.125%10/0 (Principal) 1.3 $37M 37M 1.01
Chefs Whse Note 2.375%12/1 (Principal) 1.3 $36M 24M 1.52
Meritage Homes Corp Note 1.750% 5/1 (Principal) 1.3 $36M 36M 0.99
Patrick Inds Note 1.750%12/0 (Principal) 1.3 $36M 21M 1.70
Microchip Technology Dep Shs Repstg (MCHPP) 1.2 $35M 602k 58.28
Akamai Technologies Note 0.375% 9/0 (Principal) 1.2 $34M 34M 1.00
Dexcom Note 0.375% 5/1 (Principal) 1.2 $34M 37M 0.92
Datadog Note 12/0 (Principal) 1.2 $34M 34M 1.00
Biomarin Pharmaceutical Note 1.250% 5/1 (Principal) 1.2 $33M 35M 0.96
Talos Energy (TALO) 1.2 $33M 3.0M 11.02
Bridgebio Pharma Note 2.250% 2/0 (Principal) 1.1 $32M 29M 1.13
Ford Mtr Note 3/1 (Principal) 1.1 $31M 30M 1.04
Live Nation Entertainment In Note 2.875% 1/1 (Principal) 1.1 $31M 30M 1.05
Blackrock Mun Target Term Tr Com Shs Ben In (BTT) 1.1 $31M 1.4M 22.82
Tyler Tex Indpt Sch Dist Note 0.250% 3/1 (Principal) 1.1 $31M 30M 1.01
Burlington Stores Note 1.250%12/1 (Principal) 1.1 $30M 20M 1.49
Fluor Corp Note 1.125% 8/1 (Principal) 1.1 $30M 26M 1.14
Liberty Media Corp Del Note 3.750% 3/1 (Principal) 1.0 $30M 30M 1.01
Progress Software Corp Note 3.500% 3/0 (Principal) 1.0 $29M 29M 1.01
Northern Oil & Gas Note 3.625% 4/1 (Principal) 1.0 $29M 30M 0.97
Nutanix Note 0.500%12/1 (Principal) 1.0 $29M 30M 0.97
Guidewire Software Note 1.250%11/0 (Principal) 1.0 $28M 25M 1.10
Parsons Corp Del Note 2.625% 3/0 (Principal) 0.9 $27M 26M 1.03
Affirm Hldgs Note 0.750%12/1 (Principal) 0.9 $27M 24M 1.11
Bank America Corp 7.25%CNV PFD L (BAC.PL) 0.9 $26M 21k 1252.00
Q2 HLDGS Note 0.750% 6/0 (Principal) 0.9 $26M 26M 1.01
BlackRock MuniHoldings Fund (MHD) 0.9 $25M 2.2M 11.74
Freshpet Note 3.000% 4/0 (Principal) 0.9 $25M 21M 1.17
Cable One Note 3/1 (Principal) 0.9 $25M 25M 0.99
Dropbox Note 3/0 (Principal) 0.9 $25M 24M 1.01
Nextera Energy Unit 06/01/2027 (NEE.PS) 0.8 $24M 463k 51.66
Ares Management Corporation 6.75 Se B Pfd (ARES.PB) 0.8 $24M 473k 50.56
Rivian Automotive Note 4.625% 3/1 (Principal) 0.8 $23M 19M 1.26
Gulfport Energy Corp Common Shares (GPOR) 0.8 $23M 109k 207.99
Upstart Hldgs Note 1.000%11/1 (Principal) 0.8 $22M 25M 0.88
Alnylam Pharmaceuticals Note 1.000% 9/1 (Principal) 0.8 $22M 15M 1.47
Greenbrier Cos Note 2.875% 4/1 (Principal) 0.7 $21M 19M 1.08
Wells Fargo Perp Pfd Cnv A (WFC.PL) 0.6 $18M 15k 1212.00
Lumentum Hldgs Note 0.500%12/1 (Principal) 0.6 $18M 4.8M 3.71
Vertex Note 0.750% 5/0 (Principal) 0.6 $17M 18M 0.95
Synaptics Note 0.750%12/0 (Principal) 0.6 $17M 16M 1.06
Workiva Note 1.250% 8/1 (Principal) 0.6 $17M 17M 0.99
Ionis Pharmaceuticals Note 1.750% 6/1 (Principal) 0.6 $17M 10M 1.59
Impinj Note 1.125% 5/1 (Principal) 0.6 $16M 9.9M 1.63
Global Pmts Note 1.500% 3/0 (Principal) 0.6 $16M 18M 0.90
Cheesecake Factory Note 0.375% 6/1 (Principal) 0.5 $15M 16M 0.99
Jazz Investments I Note 2.000% 6/1 (Principal) 0.5 $15M 13M 1.16
BlackRock MuniHoldings New Jersey Ins Fn (MUJ) 0.5 $15M 1.2M 11.90
Teladoc Health Note 1.250% 6/0 (Principal) 0.5 $15M 15M 0.95
Bill Holdings Note 4/0 (Principal) 0.5 $14M 15M 0.92
Mgp Ingredients Note 1.875%11/1 (Principal) 0.5 $14M 14M 0.97
Neuberger Ber. Intermediate Muni. Fund (NBH) 0.4 $13M 1.2M 10.12
BlackRock MuniHoldings New York Insured (MHN) 0.4 $12M 1.2M 10.23
Rapid7 Note 1.250% 3/1 (Principal) 0.4 $12M 13M 0.91
BlackRock MuniYield New York Insured Fnd (MYN) 0.4 $12M 1.2M 9.91
Five9 Note 1.000% 3/1 (Principal) 0.4 $12M 13M 0.90
Aerovironment Note 7/1 (Principal) 0.4 $11M 10M 1.09
Blackrock MuniHoldings CA Insrd Fnd (MUC) 0.4 $10M 981k 10.60
Blackrock Muniyield Quality Fund II (MQT) 0.4 $10M 1.0M 10.05
Haemonetics Corp Mass Note 3/0 (Principal) 0.3 $8.4M 8.5M 0.99
Blackrock Mun Income Tr Sh Ben Int (BFK) 0.3 $8.4M 834k 10.03
BlackRock MuniVest Fund (MVF) 0.3 $8.3M 1.2M 6.93
Amphastar Pharmaceuticals In Note 2.000% 3/1 (Principal) 0.3 $8.1M 8.7M 0.93
BlackRock MuniYield Michigan Insured Fnd (MIY) 0.3 $7.8M 665k 11.74
Spectrum Brands Note 3.375% 6/0 (Principal) 0.3 $7.5M 7.9M 0.95
Blackrock Muniyield Fund (MYD) 0.3 $7.3M 697k 10.49
Live Nation Entertainment In Note 3.125% 1/1 (Principal) 0.2 $7.0M 4.8M 1.45
Expedia Group Note 2/1 (Principal) 0.2 $6.9M 6.1M 1.12
Cloudflare Note 8/1 (Principal) 0.2 $6.7M 5.7M 1.17
Osi Systems Note 2.250% 8/0 (Principal) 0.2 $6.7M 4.5M 1.48
Conmed Corp Note 2.250% 6/1 (Principal) 0.2 $6.7M 7.0M 0.96
Warner Bros Discovery Com Ser A (WBD) 0.2 $6.5M 226k 28.82
Nuveen Ins Ny Tx Fr Adv Mun (NRK) 0.2 $6.5M 641k 10.09
Wec Energy Group Note 4.375% 6/0 (Principal) 0.2 $6.2M 5.3M 1.17
Spdr Gold Tr Gold Shs (GLD) 0.2 $6.1M 15k 396.31
Southern Note 4.500% 6/1 (Principal) 0.2 $6.0M 5.6M 1.07
Halozyme Therapeutics Note 0.250% 3/0 (Principal) 0.2 $5.6M 5.2M 1.08
Dropbox Note 3/0 (Principal) 0.2 $5.6M 5.6M 0.99
Vail Resorts Note 1/0 (Principal) 0.2 $5.4M 5.4M 1.00
BlackRock Insured Municipal Income Trust (BYM) 0.2 $5.2M 480k 10.94
Nutanix Note 0.250%10/0 (Principal) 0.2 $5.1M 4.5M 1.12
Bentley Sys Note 0.125% 1/1 (Principal) 0.2 $4.3M 4.3M 1.00
Integer Hldgs Corp Note 2.125% 2/1 (Principal) 0.1 $4.2M 3.7M 1.13
Oil Sts Intl Note 4.750% 4/0 (Principal) 0.1 $4.2M 4.1M 1.00
Abrdn Natl Mun Income Sh Ben Int (VFL) 0.1 $4.1M 402k 10.27
Nuveen Municipal Credit Com Sh Ben Int (NZF) 0.1 $4.1M 325k 12.58
Blackrock Muniyield Quality Fund (MQY) 0.1 $4.0M 358k 11.30
BlackRock Municipal Income Trust II (BLE) 0.1 $3.8M 364k 10.44
Ionis Pharmaceuticals Note 4/0 (Principal) 0.1 $3.8M 2.8M 1.37
Invesco Van Kampen Trust For Inv Grd Mun (VGM) 0.1 $3.2M 309k 10.37
Invesco Van Kampen Municipal Trust (VKQ) 0.1 $3.1M 325k 9.65
Eaton Vance Municipal Bond Fund (EIM) 0.1 $3.1M 319k 9.73
Nuveen PA Investnt Quality Municipal (NQP) 0.1 $2.7M 229k 11.89
Blackrock N Y Mun Income Tru Sh Ben Int (BNY) 0.1 $2.2M 219k 10.14
Invesco Van Kampen Muni Opp Trust (VMO) 0.1 $2.0M 205k 9.57
Mfs Mun Income Tr Sh Ben Int (MFM) 0.1 $1.8M 340k 5.43
Spdr Series Trust State Street Spd (CWB) 0.0 $1.2M 14k 89.20
BlackRock Inv. Quality Munic. Trust (BKN) 0.0 $1.0M 92k 11.20
Invesco Advantage Mun Income Sh Ben Int (VKI) 0.0 $965k 106k 9.12
Dws Municipal Income Cf non-tax cef (KTF) 0.0 $841k 93k 9.09
Turning Pt Brands (TPB) 0.0 $737k 6.8k 108.40
Blackrock Munivest Fund II (MVT) 0.0 $710k 66k 10.81
Blackline Note 1.000% 6/0 (Principal) 0.0 $671k 635k 1.06
Ppl Cap Fdg Note 2.875% 3/1 (Principal) 0.0 $549k 500k 1.10
Duke Energy Corp Note 4.125% 4/1 (Principal) 0.0 $516k 500k 1.03
Ww Intl Com New (WW) 0.0 $420k 14k 29.21
New York Life Invts Active E Nyli Mackay Secu (SECR) 0.0 $287k 11k 25.73
Invesco Van Kampen Penn Vl MI Trust (VPV) 0.0 $151k 14k 10.46
Chegg Note 9/0 (Principal) 0.0 $40k 45k 0.89