Mackay Shields 13F annual report

Mackay Shields is an investment fund managing more than $598 billion ran by Chris Fitzgerald. There are currently 42 companies in Mr. Fitzgerald’s portfolio. The largest investments include Gulfport and Talos Inc, together worth $187 billion.

Limited to 30 biggest holdings

$598 billion Assets Under Management (AUM)

As of 26th January 2024, Mackay Shields’s top holding is 1,066,363 shares of Gulfport currently worth over $142 billion and making up 23.7% of the portfolio value. Relative to the number of outstanding shares of Gulfport, Mackay Shields owns less than approximately 0.1% of the company. In addition, the fund holds 3,152,973 shares of Talos Inc worth $44.9 billion, whose value fell 17.0% in the past six months. The third-largest holding is Apollo Global Mgmt Inc worth $42.3 billion and the next is Bank America Corp worth $37.4 billion, with 31,001 shares owned.

Currently, Mackay Shields's portfolio is worth at least $598 billion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Mackay Shields

The Mackay Shields office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Chris Fitzgerald serves as the Chief Compliance Officer at Mackay Shields.

Recent trades

In the most recent 13F filing, Mackay Shields revealed that it had opened a new position in Spdr Ser Tr and bought 65,864 shares worth $4.75 billion.

The investment fund also strengthened its position in Blackrock Munihldgs Nj Qlty by buying 36,035 additional shares. This makes their stake in Blackrock Munihldgs Nj Qlty total 1,039,078 shares worth $11.9 billion.

On the other hand, there are companies that Mackay Shields is getting rid of from its portfolio. Mackay Shields closed its position in Fluor Corp New on 2nd February 2024. It sold the previously owned 848,588 shares for $31.1 billion. Chris Fitzgerald also disclosed a decreased stake in Gulfport by 0.3%. This leaves the value of the investment at $142 billion and 1,066,363 shares.

One of the average hedge funds

The two most similar investment funds to Mackay Shields are Org Partners and Winthrop Advisory. They manage $598 billion and $599 billion respectively.

Chris Fitzgerald investment strategy

Mackay Shields’s portfolio is diversified across 4 sectors. Currently, their heaviest sector is Energy — making up 33.0% of the total portfolio value. The fund focuses on investments in the United States as 14.3% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 2% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $33.8 billion.

The complete list of Mackay Shields trades based on 13F SEC filings

These positions were updated on February 2nd based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security	Shares Owned	Value	Allocation
Gulfport Energy Corp.	25.60% 1,066,363	$142,039,552,000	23.74%
Talos Energy Inc	No change 3,152,973	$44,866,806,000	7.50%
Apollo Global Mgmt Inc	31.97% 750,028	$42,268,775,000	7.06%
Bank America Corp	2.23% 31,001	$37,413,234,000	6.25%
Ishares Gold Tr	No change 929,500	$36,278,385,000	6.06%
Danaher Corp.	No change 150,217	$34,751,201,000	5.81%
Wells Fargo Co New	1.25% 28,711	$34,422,846,000	5.75%
Fluor Corp New	Closed 848,588	$31,143,180,000
Blackrock Mun Target Term Tr	No change 1,401,701	$29,155,381,000	4.87%
Chart Inds Inc	1.78% 483,194	$27,288,268,000	4.56%
Forum Energy Technologies In	1.44% 980,838	$21,745,179,000	3.63%
Chord Energy Corporation	8.55% 95,748	$15,916,190,000	2.66%
Blackrock Munihldgs Nj Qlty	3.59% 1,039,078	$11,855,880,000	1.98%
Blackrock Munihldgs Ny Qlty	No change 1,111,764	$11,684,640,000	1.95%
Spdr Gold Tr	No change 55,336	$10,578,583,000	1.77%
Blackrock Muniyield Quality	No change 992,093	$10,268,163,000	1.72%
Nuveen Amt Free Qlty Mun Inc	No change 930,320	$10,233,520,000	1.71%
Kosmos Energy Ltd	No change 1,503,656	$10,089,532,000	1.69%
Blackrock Muniyield N Y Qual	49.86% 814,624	$8,415,066,000	1.41%
Blackrock Muniholdings Fd In	5.95% 676,639	$8,058,770,000	1.35%
Blackrock Muniyield Mich Qu	No change 664,819	$7,552,344,000	1.26%
Nuveen New York Amt Qlt Muni	No change 561,758	$5,915,312,000	0.99%
Spdr Ser Tr	Opened 65,864	$4,752,087,000	0.79%
Blackrock Muniyild Qult Fd I	No change 357,837	$4,362,033,000	0.73%
Pioneer Municipal High Incom	No change 878,506	$7,265,759,000	1.21%
Eaton Vance New York Mun Bd	0.14% 426,471	$4,115,445,000	0.69%
Abrdn Natl Mun Income Fd	No change 401,695	$4,101,306,000	0.69%
Nuveen Pennsylvania Qlt Mun	No change 233,310	$2,701,730,000	0.45%
Mfs Mun Income Tr	No change 333,155	$1,722,411,000	0.29%
Dws Mun Income Tr New	No change 176,016	$1,564,782,000	0.26%
Ishares Tr	Closed 28,945	$2,833,848,000
Nuveen Municipal Credit Inc	Opened 94,260	$1,114,153,000	0.19%
Blackrock Municipal Income	Opened 78,560	$914,439,000	0.15%
Blackrock N Y Mun Income Tru	No change 78,984	$831,701,000	0.14%
Invesco Pa Value Mun Inc Tr	No change 60,475	$604,750,000	0.10%
Nine Energy Service Inc	14.70% 225,571	$604,531,000	0.10%
Nuveen Amt Free Mun Cr Inc F	Opened 49,026	$579,487,000	0.10%
Vistra Corp	No change 13,918	$536,121,000	0.09%
Blackrock Munihldngs Cali Ql	Opened 40,376	$449,385,000	0.08%
Blackrock Muni Income Tr Ii	Opened 29,655	$316,715,000	0.05%
Blackrock Munivest Fd Inc	Opened 44,425	$316,306,000	0.05%
Blackrock Mun Income Quality	Opened 25,610	$287,088,000	0.05%
Neuberger Berman N Y Mun Fd	Closed 25,745	$225,526,000
Blackrock Mun Income Tr	Opened 22,131	$222,859,000	0.04%
Blackrock Muniyield Fd Inc	Opened 18,500	$199,430,000	0.03%
No transactions found
Showing first 500 out of 45 holdings