MACKAY SHIELDS LLC
Long book
$617.8M
Q1 2026
Positions
37
Top-10 weight
62%
concentration
Last quarter
+1.4%
SPY +14.8%
Turnover
33%
of book per quarter
Strategy in plain words
auto-generated from filingsMACKAY SHIELDS LLC is a concentrated fundamental stock-picker, running a $617.8M US long book across 37 positions.
The portfolio is concentrated: the top 10 names carry 62% of the portfolio. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: QXO INC, BOEING CO/THE, APOLLO GLOBAL MANAGEMENT, HP ENTERPRISE CO, BLACKROCK 2030 MUNI TRGT TRM.
Over the last 9 quarters its long book ran on average 2.8pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-1.7%
Q2 2024
+5.0%
Q3 2024
-3.0%
Q4 2024
+0.0%
Q1 2025
+2.2%
Q2 2025
+3.0%
Q3 2025
+4.9%
Q4 2025
+3.4%
Q1 2026
+1.4%
Sector allocation
Other 42%
Energy 16%
Consumer discretionary 15%
Technology 15%
Utilities 6%
Financials 4%
Communications 1%
Services media 0%
Long book by quarter
What does MACKAY SHIELDS own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| QXO QXO INC | Consumer discretionary | 1.2M | $65.3M | 10.6% | -0.1% |
| BA 6 10/15/27 BOEING CO/THE | — | 829.4K | $53.9M | 8.7% | -0.1% |
| APO 6.75 07/31/26 APOLLO GLOBAL MANAGEMENT | — | 713.8K | $42.0M | 6.8% | -0.1% |
| HPE 7.625 09/01/27 HP ENTERPRISE CO | — | 601.9K | $39.0M | 6.3% | +0.7% |
| MCHP MICROCHIP TECHNOLOGY INC | Technology | 601.0K | $34.3M | 5.6% | -0.1% |
| ORCL ORACLE CORP | Technology | 646.8K | $29.7M | 4.8% | New |
| NEE NEXTERA ENERGY INC | Utilities | 472.9K | $26.7M | 4.3% | +2.1% |
| NINE NINE ENERGY SERVICE INC | Energy | 3.1M | $25.1M | 4.1% | New |
| BAC 7.25 PERP L BANK OF AMERICA CORP | — | 20.9K | $24.9M | 4.0% | -0.3% |
| TALO TALOS ENERGY INC | Energy | 1.3M | $20.9M | 3.4% | -55.8% |
| GPOR GULFPORT ENERGY CORP | Energy | 98.6K | $20.9M | 3.4% | -9.2% |
| ARES ARES MANAGEMENT CORP | Financials | 480.0K | $17.8M | 2.9% | +1.5% |
| WFC 7.5 PERP L WELLS FARGO & COMPANY | — | 14.8K | $17.1M | 2.8% | -0.1% |
| WBD WARNER BROS DISCOVERY INC | Communications | 226.3K | $6.2M | 1.0% | Held |
| WW WW INTERNATIONAL INC-NEW | Services media | 14.4K | $197K | 0.0% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 27, 2026 | 307 | $2.73B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 29, 2026 | 340 | $2.86B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 27, 2025 | 354 | $2.94B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 24, 2025 | 364 | $3.12B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 29, 2025 | 361 | $3.11B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 4, 2025 | 367 | $3.39B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 31, 2024 | 368 | $3.65B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 8, 2024 | 345 | $3.29B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 3, 2024 | 361 | $3.61B | canonical | SEC ↗ |
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