1y return+12.9%S&P 500 +20.9%
3y return+25.6%S&P 500 +68.5%
5y return+17.8%S&P 500 +74.5%
10y return+105.6%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $206 against $357 in the S&P 500.2
MacKay Shields LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| Alphabet IncCUSIP 02079K404 | $122.6M | 15.1% | New |
| Hewlett Packard Enterprise CCUSIP 42824C208 | $70.2M | 8.6% | |
| Qxo IncCUSIP 82846H504 | $57.4M | 7.1% | |
| Boeing CoCUSIP 097023204 | $56.2M | 6.9% | |
| Nextera Energy IncCUSIP 65339F663 | $50.5M | 6.2% | +99.0% |
| Microchip Technology Inc.CUSIP 595017302 | $46.5M | 5.7% | |
| BTTBlackrock Mun Target Term Tr | $44.8M | 5.5% | +25.6% |
| Apollo Global Mgmt IncCUSIP 03769M304 | $43.5M | 5.3% | |
| NINENine Energy Service Inc | $39.2M | 4.8% | −1.8% |
| Oracle CorpCUSIP 68389X204 | $29.1M | 3.6% | |
| Bank Of Amer CorpCUSIP 060505682 | $26.1M | 3.2% | |
| IAUIshares Gold Tr | $24.8M | 3.0% | −15.9% |
| MYNBlackrock Muniyield N Y Qual | $23.8M | 2.9% | |
| MHDBlackrock Muniholdings Fd In | $23.6M | 2.9% | |
| MQYBlackrock Muniyild Qult Fd I | $18.5M | 2.3% | |
| Ares Management CorporationCUSIP 03990B309 | $18.1M | 2.2% | |
| Wells Fargo & CoCUSIP 949746804 | $17.1M | 2.1% | |
| GPORGulfport Energy Corp | $16.5M | 2.0% | −1.1% |
| TALOTalos Energy Inc | $15.0M | 1.8% | −12.4% |
| Alphabet IncCUSIP 02079K602 | $12.6M | 1.5% | New |
| Nextera Energy IncCUSIP 65339F655 | $11.0M | 1.3% | New |
| MUJBlackrock Munihldgs Nj Qlty | $10.9M | 1.3% | −23.2% |
| Warner Bros Discovery IncCUSIP 934423104 | $9.5M | 1.2% | +58.3% |
| MIYBlackrock Muniyield Mich Qu | $5.9M | 0.7% | −27.2% |
| GLDSpdr Gold Tr | $5.6M | 0.7% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| GPORGulfport Energy Corp | June 30, 2021 | +162.3% | $16.5M |
| IAUIshares Gold Tr | June 30, 2021 | +124.0% | $24.8M |
| GLDSpdr Gold Tr | June 30, 2020 | +120.1% | $5.6M |
| Hewlett Packard Enterprise CCUSIP 42824C208 | September 30, 2024 | +91.1% | $70.2M |
| NINENine Energy Service Inc | March 31, 2026 | +58.7% | $39.2M |
| Microchip Technology Inc.CUSIP 595017302 | March 31, 2025 | +52.4% | $46.5M |
| TALOTalos Energy Inc | June 30, 2020 | +40.3% | $15.0M |
| Warner Bros Discovery IncCUSIP 934423104 | September 30, 2025 | +36.5% | $9.5M |
| Apollo Global Mgmt IncCUSIP 03769M304 | September 30, 2023 | +10.6% | $43.5M |
| Boeing CoCUSIP 097023204 | December 31, 2024 | +10.5% | $56.2M |
Sold off last quarter
- NBHNeuberger Mun Fd Inc was $6.3M
- NRKNuveen Ny Amt Free was $5.3M
- VGMInvesco Tr Invt Grade Muns was $2.1M
- VKQInvesco Municipal Trust was $2.0M
- XNQPXNuveen Pa Invt Quality Mun F was $1.4M
- VMOInvesco Mun Opportunit Tr was $1.2M
- NZFNuveen Mun Cr Income Fd was $678K
- VKIInvesco Advantage Mun Income was $392K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +7.6% | +14.8% |
| March 31, 2026 | −1.6% | −4.6% |
| December 31, 2025 | +3.0% | +2.4% |
| September 30, 2025 | +3.5% | +7.8% |
| June 30, 2025 | +1.6% | +10.5% |
| March 31, 2025 | −1.9% | −4.6% |
| December 31, 2024 | −2.3% | +2.1% |
| September 30, 2024 | +4.3% | +5.4% |
| June 30, 2024 | −1.7% | +4.0% |
| March 31, 2024 | +7.0% | +10.0% |
| December 31, 2023 | +5.1% | +11.2% |
| September 30, 2023 | −1.0% | −3.6% |
| June 30, 2023 | +4.4% | +8.3% |
| March 31, 2023 | +0.7% | +7.0% |
| December 31, 2022 | +1.5% | +7.1% |
| September 30, 2022 | +0.1% | −5.3% |
| June 30, 2022 | −15.9% | −16.5% |
| March 31, 2022 | −4.6% | −4.9% |
| December 31, 2021 | +9.1% | +10.7% |
| September 30, 2021 | +0.2% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: MacKay Shields LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=61227&type=13F-HR&dateb=&owner=include&count=40CIK 61227
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/61227/000006122726000002/Filed July 28, 2026 · accession 0000061227-26-000002