Comparing Mackay Shields LLC's Q4 2022 and Q1 2023 13F Holdings: A Comprehensive Analysis

Mackay Shields LLC is a leading investment management firm globally known for its long-term investment strategies and focus on delivering value to its clients. The firm’s approach to investing is one of the reasons why it is trusted by savvy investors worldwide. Mackay Shields LLC released its Q4 2022 and Q1 2023 13F holdings, and this article takes a comprehensive look at the changes.

Mackay Shields LLC's Portfolio Overview

Mackay Shields LLC's portfolio for Q4 2022 and Q1 2023 was valued at $18.6 billion and $17.9 billion, respectively. The value of the portfolio decreased by 3.4% or $636 million from Q4 2022 to Q1 2023. The firm held 1,861 positions in Q4 2022, a number that decreased to 1,827 in Q1 2023. The firm sold out of 27 positions, reduced its holdings in 712 positions, added to 537 positions, and initiated new positions in 180.

Top Stocks Sold Out By Mackay Shields LLC

Mackay Shields LLC sold out of positions in 27 stocks during Q4 2022 and Q1 2023; below are the top five stocks the firm sold out of:

- EQT Corp (minus 36.6%)

- Pioneer Natural Resources Co (minus 51.2%)

- Helix Energy Solutions Grp I (minus 2.2%)

- Forum Energy Technologies In (minus 52.4%)

- Zillow Group, Inc. (plus 6.7%)

Top Stocks With The Largest Increase In Holdings By Mackay Shields LLC

Mackay Shields LLC increased its holdings in 537 stocks during Q4 2022 and Q1 2023; below are the top five stocks with the largest increase in holdings:

- NextEra Energy Inc (plus 7,662.8%)

- Block Inc (plus 1,083.5%)

- Shift4 Payments Inc (plus 588.4%)

- Array Technologies Inc (plus 1,833.8%)

- Splunk Inc (plus 489.4%)

Top Stocks Sold Or Reduced By Mackay Shields LLC

Mackay Shields LLC reduced its holdings in 712 stocks during Q4 2022 and Q1 2023. Below are the top five stocks that were either reduced or sold by the firm:

- Forum Energy Technologies In (minus 52.4%)

- EQT Corp (minus 36.6%)

- Pioneer Natural Resources Co (minus 51.2%)

- Helix Energy Solutions Grp I (minus 2.2%)

- Dish Network Corporation (minus 31.2%)

Top New Buys By Mackay Shields LLC

Mackay Shields LLC initiated new positions in 180 stocks during Q4 2022 and Q1 2023; below are the top five new buys by the firm:

- Fluor Corporation

- ION Geophysical Corporation

- AMN Healthcare Services Inc

- Viant Technology Inc

- Acutus Medical, Inc.

Conclusion

Mackay Shields LLC's Q4 2022 and Q1 2023 13F holdings reveal a shift in its strategy as the firm sold out of positions in some stocks, reduced holdings in others, and initiated new positions in some. The firm's top stocks with the largest increase in holdings include NextEra Energy Inc, Block Inc, Shift4 Payments Inc, Array Technologies Inc, and Splunk Inc. In contrast, EQT Corp, Pioneer Natural Resources Co, and Helix Energy Solutions Grp I were the Firm's top stocks sold out of or reduced during the period.