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Portfolio (Quarterly) Guide ↗

MACKAY SHIELDS LLC

· CIK 0000061227
13F Portfolio $2.9B AUM 340 positions Filed Jan 29, 2026 EDGAR ↗ ← All Funds
Q4 2025 Q3 2025 · All 10 New 7 Added 91 Reduced 14 Exited
Page 7 of 7  ·  132 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
121 BLACKROCK INVT QUALITY MUN T 92,077.0 $1.0M 0.04% $11.20
122 VKI INVESCO ADVANTAGE MUN INCOME Financial Services 105,768.0 $965K 0.03% -299K -73.9% $9.12 -4.1%
123 KTF DWS MUN INCOME TR NEW Financial Services 92,505.0 $841K 0.03% -38K -29.3% $9.09 -2.1%
124 TPB TURNING PT BRANDS INC Consumer Defensive 6,802.0 $737K 0.03% $108.40 -17.0%
125 BLACKROCK MUNIVEST FD II INC 65,678.0 $710K 0.03% $10.81
126 BLACKLINE INC 635,000.0 $671K 0.02% -365K -36.5% $1.06
127 PPL CAP FDG INC 500,000.0 $549K 0.02% -3K -0.6% $1.10
128 DUKE ENERGY CORP NEW 500,000.0 $516K 0.02% -5K -1.0% $1.03
129 WW INTL INC 14,371.0 $420K 0.01% $29.22
130 SECR NEW YORK LIFE INVTS ACTIVE E 11,136.0 $287K 0.01% NEW $25.73 -1.3%
131 VPV INVESCO PA VALUE MUN INC TR Financial Services 14,433.0 $151K 0.01% $10.46 +3.8%
132 CHEGG INC 45,000.0 $40K 0.00% $0.89
Page 7 of 7  ·  132 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Financial Services 75.3%
Energy 21.8%
Communication Services 2.6%
Consumer Defensive 0.3%