MacKay Shields portfolio
Concentrated managerInvestment firmPortfolio as of Sep 30, 2026 (Q3 2026) · filed with the SEC on Oct 13, 2026 · data updated on Nov 5, 2026 · Q3 2026 13F (filing) ↗ · all its 13F filings ↗
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
MacKay Shields reported a $745M portfolio of 27 companies (29 positions, counting each share class separately) to the SEC as of the end of Q3 2026. Its largest positions are Alphabet, Hewlett Packard Enterprise C, Nextera Energy. During the quarter it exited Apollo Global Management and Warner Bros. Discovery.
Sections with a free account
What changed this quarter
10 positions with a change (5 added to, 2 trimmed, 3 sold). 7 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- Apollo Global Management−5.3 ppof portfolioSold out5.3% → —
- Ares Management+60%more sharesIncreased2.2% → 3.9%
- Oracle+37%more sharesIncreased3.6% → 5.2%
- Warner Bros. Discovery−1.2 ppof portfolioSold out1.2% → —
- QXO+20%more sharesIncreased7.1% → 7.0%
- iShares Gold Trust ETF−28%fewer sharesReduced3.0% → 2.5%
- Abrdn Natl MUN Income Fund−0.5 ppof portfolioSold out0.5% → —
The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight: what it bought or sold, excluding price effects.
Top holdings
- Alphabet(preferred)17.7%
- Hewlett Packard Enterprise C(preferred)13.2%
- Nextera Energy(preferred)7.5%
- QXO(preferred)7.0%
- Boeing(preferred)6.6%
- Microchip Technology(preferred)5.8%
- BlackRock MUN Target Term TrBTT5.8%
- Oracle(preferred)5.2%
- Ares Management(preferred)3.9%
- Bank of Amer(preferred)3.4%
- Nine Energy ServiceNINE3.0%
- BlackRock Muniyield N Y QualMYN2.8%
- BlackRock Muniholdings Fund InMHD2.7%
- iShares Gold Trust ETFIAU2.5%
- Talos EnergyTALO2.2%
“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.
Portfolio by sector
- ● No sector 93%
- ● Energy 7%
How its portfolio changed (8 quarters)
Q3 2026: 29
Q3 2026: 73%
Q3 2026: 6.4%
Traded turnover: the weight it bought plus the weight it sold in the quarter, divided by two, excluding price moves. The plain “turnover” in the header does include that effect. With a free account: the full history and sectors over time.
Stakes above 5% (13D/13G)
Companies where this filer reported holding 5% or more of the shares. It is the figure from its latest filing on each one; history since December 2024.
How we classify it
Investment firm, per its Form ADV of Aug 6, 2026 (high confidence).
The data, as reported: MACKAY SHIELDS LLC (CRD 107717): 7.B private funds: 14 hedge, 2 other (gross assets $12.2 bn); 5.D assets by client type: registered funds 42%, insurers 18%, pooled vehicles 15%, pension plans 9% (of $159.5 bn) · 13F: 61% of the portfolio was already held when the stock started trading
The type comes from a rule applied to that data. If it looks wrong, tell us.
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