13F-HR 1 f13-401.txt FORM 13F UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Report for the Calendar Year or Quarter Ended: 3/31/2001 Check here if Amendment [ ]: Amendment Number: This Amendment (check only one): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager filing this report: Name: MacKay Shields LLC Address: 9 West 57th Street New York, New York 10019 Form 13F File Number: 28-46 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Russell A. Thompson Title: Chief Compliance Officer Phone: 212-230-3835 Signature, Place, and Date of Signing: /s/ Russell A. Thompson New York, New York May 8, 2001 Report Type (Check only one): [X] 13F HOLDINGS REPORT [ ] 13F NOTICE [ ] 13F COMBINATION REPORT Form 13F Summary Page Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 294 Form 13F Information Table Value Total: $12,632,160
FORM 13F PAGE 1 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS LLC 04/01/01 ----------------------------------------------------------------------------------------------------------------------- ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVEST DSCRETN MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) ----------------------------------------------------------------------------------------------------------------------- AGCO CP Common 00108410 608,640 63,400 63,400 63,400 AES CORP Common 00130H10 425,262,018 8,512,050 8,512,050 8,512,050 AK STL HLDG CORP Common 00154710 251,250 25,000 25,000 25,000 AT&T CORP Common 00195710 42,438,120 1,992,400 1,992,400 1,992,400 ABERCROMBIE & FITCH CLS A Common 00289620 11,971,470 366,100 366,100 366,100 ABGENIX INC Common 00339B10 1,733,925 73,200 73,200 73,200 ABITIBI PRICE INC Common 00392410 9,540,075 1,209,135 1,209,135 1,209,135 ADAPTEC INC CNV Cv Bd P2 00651FAC 3,361,050 4,074,000 4,074,000 4,074,000 ADVANTAGE LEARNING SYS Common 00757K10 3,768,188 130,500 130,500 130,500 AEROFLEX INC Common 00776810 3,559,875 345,200 345,200 345,200 ADVENT SOFTWARE Common 00797410 9,824,081 221,700 221,700 221,700 AFFILIATED MANAGERS GROUP Common 00825210 11,209,500 238,500 238,500 238,500 AGNICO EAGLE MINES CNV Cv Bd P2 008474AA 11,353,671 14,718,000 14,718,000 14,718,000 AIR PRODUCTS & CHEMICALS Common 00915810 37,536,000 977,500 977,500 977,500 ALLEGHENY ENERGY INC Common 01736110 1,074,389 23,225 23,225 23,225 ALLERGAN INC Common 01849010 156,278,540 2,107,600 2,107,600 2,107,600 ALLSTATE CORP Common 02000210 54,379,949 1,296,613 1,296,613 1,296,613 ALLTEL CORP Common 02003910 32,666,842 622,700 622,700 622,700 ALZA CORP Common 02261510 5,013,900 123,800 123,800 123,800 ALZA CORP Cv Bd P2 022615AC 8,550,000 8,000,000 8,000,000 8,000,000 AMERICAN GENERAL CORP Common 02635110 91,177,520 2,383,726 2,383,726 2,383,726 AMERICAN INTL GROUP INC Common 02687410 336,609,543 4,181,485 4,181,485 4,181,485 AMERICAN STANDARD COM Common 02971210 105,450,287 1,785,175 1,785,175 1,785,175 AMERICREDIT CORP Common 03060R10 9,573,336 295,200 295,200 295,200 AMERISOURCE HEALTH CORP Common 03071P10 13,125,780 267,600 267,600 267,600 AMGEN Common 03116210 271,634,012 4,513,130 4,513,130 4,513,130 ------------ ----------- ----------- ----------- COLUMN TOTALS 1,657,951,959 58,546,939 58,546,939 58,546,939 FORM 13F PAGE 2 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS LLC 04/01/01 ----------------------------------------------------------------------------------------------------------------------- ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVEST DSCRETN MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) ----------------------------------------------------------------------------------------------------------------------- AMPHENOL CORP -CL A Common 03209510 8,407,350 266,900 266,900 266,900 ANADARKO PETE CORP Common 03251110 1,695,060 27,000 27,000 27,000 ANALOG DEVICES Common 03265410 134,954,136 3,723,900 3,723,900 3,723,900 AON CORP Common 03738910 511,200 14,400 14,400 14,400 APPLE COMPUTER INC Common 03783310 27,866,686 1,262,650 1,262,650 1,262,650 APRIA HEALTHCARE GRP I Common 03793310 32,744,542 1,354,200 1,354,200 1,354,200 APPLIED MATLS INC Common 03822210 504,600 11,600 11,600 11,600 ASTORIA FINANCIAL CORP Common 04626510 3,249,000 60,800 60,800 60,800 ATMEL CORP Common 04951310 2,102,819 214,300 214,300 214,300 AVON PRODUCTS Common 05430310 2,319,420 58,000 58,000 58,000 BB&T CORPORATION Common 05493710 365,768 10,400 10,400 10,400 THE BISYS GROUP INC Common 05547210 10,692,844 200,100 200,100 200,100 BARR LABORATORIES INC Common 06830610 8,689,840 152,000 152,000 152,000 BAUSCH & LOMB INC Common 07170710 1,420,026 31,100 31,100 31,100 BAXTER INTERNATIONAL Common 07181310 281,097,333 2,985,950 2,985,950 2,985,950 BECTON DICKINSON Common 07588710 11,215,866 317,550 317,550 317,550 BED BATH & BEYOND INC Common 07589610 189,416,175 7,711,600 7,711,600 7,711,600 BEVERLY ENTERPRISES Common 08785130 5,280,000 660,000 660,000 660,000 BOSTON SCIENTIFIC CORP Common 10113710 10,899,218 540,100 540,100 540,100 BRISTOL-MYERS SQUIBB Common 11012210 365,200,407 6,148,155 6,148,155 6,148,155 BURLINGTON NORTH SANTA FE Common 12189T10 729,120 24,000 24,000 24,000 BURLINGTON RES INC Common 12201410 42,704,925 954,300 954,300 954,300 C.H. ROBINSON WORLDWIDE Common 12541W10 10,208,138 372,900 372,900 372,900 CSX CORP Common 12640810 407,770 12,100 12,100 12,100 CVS CORPORATION Common 12665010 211,878,329 3,622,471 3,622,471 3,622,471 CV THERAPEUTICS INC Common 12666710 1,551,000 47,000 47,000 47,000 ----------- ---------- ---------- ----------- COLUMN TOTALS 1,366,111,571 30,783,476 30,783,476 30,783,476 FORM 13F PAGE 3 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS LLC 04/01/01 ---------------------------------------------------------------------------------------------------------------------- ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVEST DSCRETN MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) ---------------------------------------------------------------------------------------------------------------------- CALL-NET ENTERPRI INC-B Common 13091020 1,030,091 2,796,520 2,796,520 2,796,520 CALLAWAY GOLF CO Common 13119310 912,831 41,100 41,100 41,100 CALPINE CORPORATION Common 13134710 60,890,899 1,105,700 1,105,700 1,105,700 CAPITAL ONE FINL CORP Common 14040H10 1,348,650 24,300 24,300 24,300 MERISTAR HOSPITALITY Cv Bd P2 140918AC 8,880,030 10,963,000 10,963,000 10,963,000 CELL THERAPEUTICS INC Common 15093410 740,819 41,300 41,300 41,300 CELGENE CORP Common 15102010 10,517,500 420,700 420,700 420,700 CENDANT CORPORATION Common 15131310 6,156,980 422,000 422,000 422,000 CHESAPEAKE ENGY CVPD 7% Cv Pfd 16516730 2,091,000 34,000 34,000 34,000 CHEVRON Common 16675110 76,623,060 872,700 872,700 872,700 CHICO'S FAS INC. Common 16861510 3,898,125 118,800 118,800 118,800 CISCO SYS INC Common 17275R10 196,074,478 12,399,967 12,399,967 12,399,967 CITADEL COMMUNICATIONS Common 17285320 4,678,988 188,100 188,100 188,100 CITIGROUP INC Common 17296710 503,930,281 11,203,430 11,203,430 11,203,430 CLEAR CHANNEL COMMUNICA Common 18450210 194,583,446 3,573,617 3,573,617 3,573,617 CLOROX Common 18905410 16,938,970 538,600 538,600 538,600 COLGATE PALMOLIVE CO Common 19416210 265,935,987 4,812,450 4,812,450 4,812,450 COMERICA INC Common 20034010 393,600 6,400 6,400 6,400 COMPAQ COMPUTER CORP Common 20449310 24,216,010 1,330,550 1,330,550 1,330,550 COMPUTER SCIENCES CORP Common 20536310 13,703,460 423,600 423,600 423,600 COMVERSE TECHNOLOGY CNV Cv Bd P2 205862AG 1,894,913 690,000 690,000 690,000 CONAGRA FOODS INC Common 20588710 12,306,528 674,700 674,700 674,700 CONVERGYS CORP Common 21248510 2,788,211 77,300 77,300 77,300 COORS ADOLPH CO CL B Common 21701610 2,395,104 36,600 36,600 36,600 CORNING Common 21935010 159,784,835 7,722,805 7,722,805 7,722,805 COST PLUS INC Common 22148510 10,644,497 461,550 461,550 461,550 ------------- ----------- ----------- ----------- COLUMN TOTALS 1,583,359,292 60,979,789 60,979,789 60,979,789 FORM 13F PAGE 4 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS LLC 04/01/01 ------------------------------------------------------------------------------------------------------------------- ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVEST DSCRETN MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) ------------------------------------------------------------------------------------------------------------------- CUMMINS ENGINE Common 23102110 630,672 16,800 16,800 16,800 CYMER INC CV (STEP) Cv Bd P2 232572AC 4,587,500 5,000,000 5,000,000 5,000,000 CYTEC INDUSTRIES INC Common 23282010 675,622 21,100 21,100 21,100 DST SYS INC Common 23332610 1,551,718 32,200 32,200 32,200 DSP GROUP Common 23332B10 2,613,300 168,600 168,600 168,600 DTE ENERGY COMPANY Common 23333110 6,676,450 167,750 167,750 167,750 DANAHER CORP Common 23585110 1,254,880 23,000 23,000 23,000 DELTA AIR LINES Common 24736110 252,800 6,400 6,400 6,400 DEVELOPERS DIVERS RLTY Common 25159110 1,249,500 85,000 85,000 85,000 DIGENE CORP Common 25375210 1,781,200 116,800 116,800 116,800 DIGITAL LIGHTWAVE INC Common 25385510 2,339,838 130,900 130,900 130,900 DOLLAR TREE STORES INC Common 25674710 1,401,575 72,750 72,750 72,750 DUKE ENERGY CORP Common 26439910 940,280 22,000 22,000 22,000 DUPONT PHOTOMASK INC Common 26613X10 3,036,427 69,200 69,200 69,200 E M C CORP MASS Common 26864810 210,756,840 7,168,600 7,168,600 7,168,600 ENSCO INTL INC Common 26874Q10 2,446,500 69,900 69,900 69,900 EDISON INTERNATIONAL Common 28102010 1,358,800 107,500 107,500 107,500 EL PASO ENER CAP TR Cv Pfd 28367820 7,427,700 91,700 91,700 91,700 ELAN PLC Common 28413120 4,775,650 91,400 91,400 91,400 ELECTRONIC DATA SYS Common 28566110 13,593,531 243,350 243,350 243,350 EMCORE CORP Common 29084610 5,654,100 225,600 225,600 225,600 ENERGY EAST CORPORA Common 29266M10 6,304,990 363,400 363,400 363,400 ENRON Common 29356110 240,820,549 4,144,932 4,144,932 4,144,932 ENTERGY Common 29364G10 817,000 21,500 21,500 21,500 EQUITABLE RES INC Common 29454910 6,996,600 101,400 101,400 101,400 ERICSSON L M TEL CO Common 29482140 1,118,750 200,000 200,000 200,000 ------------- ----------- ----------- ----------- COLUMN TOTALS 531,062,771 18,761,782 18,761,782 18,761,782 FORM 13F PAGE 5 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS LLC 04/01/01 ---------------------------------------------------------------------------------------------------------------------- ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVEST DSCRETN MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) ---------------------------------------------------------------------------------------------------------------------- EQUUS GAMING LP-A UTS Common 29492910 85,739 114,319 114,319 114,319 EXPEDITORS INTL WASH Common 30213010 337,931 6,700 6,700 6,700 FANNIE MAE Common 31358610 107,463,980 1,350,050 1,350,050 1,350,050 FEDERATED DEPT STORES Common 31410H10 6,510,885 156,700 156,700 156,700 FISERV INC Common 33773810 4,598,694 102,800 102,800 102,800 FORTUNE BRANDS INC Common 34963110 1,616,800 47,000 47,000 47,000 GALLAGHER (ARTHUR J.) Common 36357610 5,332,250 192,500 192,500 192,500 GENERAL DYNAMICS Common 36955010 12,858,563 204,950 204,950 204,950 GENERAL ELEC CO Common 36960410 220,238,102 5,261,302 5,261,302 5,261,302 GENESCO INC Common 37153210 4,027,800 147,000 147,000 147,000 GILDAN ACTIVEWR -CL A Common 37591610 8,165,685 449,900 449,900 449,900 GLENBOROUGH REALTY Cv Pfd 37803P20 1,251,250 65,000 65,000 65,000 GOLDEN WEST FINANCIAL Common 38131710 369,930 5,700 5,700 5,700 GOODYEAR TIRE & RUB Common 38255010 1,213,965 50,900 50,900 50,900 GUIDANT CORP Common 40169810 214,564,283 4,769,155 4,769,155 4,769,155 HANOVER COMPRESSOR CO Common 41076810 10,911,140 344,200 344,200 344,200 HARLEY DAVIDSON INC Common 41282210 395,120,220 10,411,600 10,411,600 10,411,600 HARRAH'S ENTERTAINMT Common 41361910 3,996,594 135,800 135,800 135,800 HEALTH CARE PPTYS INV Common 42191510 763,200 22,500 22,500 22,500 HEALTHSOUTH CORP. Common 42192410 2,578,000 200,000 200,000 200,000 HEALTHCARE REALTY Common 42194610 783,250 32,500 32,500 32,500 HEINZ (H.J) Common 42307410 68,528,940 1,704,700 1,704,700 1,704,700 HELLENIC TELECOM-ADR Common 42332530 535,260 81,100 81,100 81,100 HIGHWOODS PROPERTIES Common 43128410 3,483,045 141,300 141,300 141,300 HOME DEPOT INC Common 43707610 127,999,932 2,969,836 2,969,836 2,969,836 HOUSEHOLD INTL INC Common 44181510 266,263,066 4,494,650 4,494,650 4,494,650 ------------ ----------- ----------- ----------- COLUMN TOTALS 1,469,598,505 33,462,162 33,462,162 33,462,162 FORM 13F PAGE 6 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS LLC 04/01/01 ------------------------------------------------------------------------------------------------------------------ ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVEST DSCRETN MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) ------------------------------------------------------------------------------------------------------------------ IDEXX LABORATORIES Common 45168D10 1,761,581 80,300 80,300 80,300 IMPATH INC Common 45255G10 5,226,463 112,700 112,700 112,700 INDYMAC BANCORP INC Common 45660710 5,112,846 177,900 177,900 177,900 INGERSOLL-RAND Common 45686610 52,913,575 1,332,500 1,332,500 1,332,500 INHALE THERAPEUTIC Common 45719110 1,034,550 48,400 48,400 48,400 INTEGRATED DEVICE Common 45811810 3,384,423 114,300 114,300 114,300 INTERGRATED SILICON Common 45812P10 6,903,000 531,000 531,000 531,000 INTEL CORP Common 45814010 199,121,423 7,567,560 7,567,560 7,567,560 INTERMEDIA COMM Common 45880110 173,750 10,000 10,000 10,000 IBM Common 45920010 58,501,485 608,250 608,250 608,250 INTERNATIONAL PAPER Common 46014610 66,941,028 1,855,350 1,855,350 1,855,350 INVESTORS FINANCIAL Common 46191510 3,441,288 58,700 58,700 58,700 IVAX CORP Common 46582310 80,525,025 2,556,350 2,556,350 2,556,350 JABIL CIRCUIT INC Common 46631310 1,202,072 55,600 55,600 55,600 CCU/JACOR COMM INC Cv BD P2 469858AB 2,015,000 4,000,000 4,000,000 4,000,000 KEYCORP INC Common 49326710 356,040 13,800 13,800 13,800 KIMBERLY-CLARK CORP Common 49436810 273,975,545 4,039,150 4,039,150 4,039,150 KING PHARMACEUTICALS Common 49558210 8,536,106 209,475 209,475 209,475 KOHLS CORP Common 50025510 374,797,595 6,075,500 6,075,500 6,075,500 KROGER CO Common 50104410 8,330,167 323,000 323,000 323,000 LCC INTERNATIONAL IN Common 50181010 1,086,500 217,300 217,300 217,300 LSI LOGIN CORP Common 50216110 2,285,569 145,300 145,300 145,300 L-3 COMMUNICATIONS Common 50242410 4,413,305 55,900 55,900 55,900 LATTICE SEMICONDUCTOR Common 51841510 2,267,981 124,700 124,700 124,700 LEGG MASON INC Common 52490110 2,071,320 49,200 49,200 49,200 LEHMAN BROTHERS HOLD Common 52490810 840,180 13,400 13,400 13,400 ------------ ---------- ----------- ----------- COLUMN TOTALS 1,167,217,816 30,375,635 30,375,635 30,375,635 FORM 13F PAGE 7 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS LLC 04/01/01 ----------------------------------------------------------------------------------------------------------------- ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVEST DSCRETN MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) ----------------------------------------------------------------------------------------------------------------- LENNAR CORP Common 52605710 454,404 11,400 11,400 11,400 LIMITED INC Common 53271610 1,627,020 103,500 103,500 103,500 LINCOLN NATIONAL CORP Common 53418710 51,841,006 1,220,650 1,220,650 1,220,650 LINENS 'N THINGS INC Common 53567910 8,065,750 293,300 293,300 293,300 LOUIS DREYFUS NAT GAS Common 54601110 4,695,300 126,900 126,900 126,900 M & T BANK CORP Common 55261F10 405,420 5,800 5,800 5,800 MBNA CORP Common 55262L10 114,073,523 3,446,330 3,446,330 3,446,330 MITSUBISHI BANK CVB Cv Bd P2 55262XAA 8,859,375 8,750,000 8,750,000 8,750,000 MGIC INVT CORP WIS Common 55284810 10,146,686 148,300 148,300 148,300 MACROVISION CORP Common 55590410 8,059,063 185,000 185,000 185,000 MANHATTAN ASSOCIATES Common 56275010 4,969,106 319,300 319,300 319,300 MANUGISTICS GROUP INC Common 56501110 4,384,013 239,400 239,400 239,400 MARSH & MCLENNAN COS Common 57174810 159,061,214 1,673,800 1,673,800 1,673,800 MATTEL INC Common 57708110 3,548,000 200,000 200,000 200,000 MCDONALD'S CORP Common 58013510 64,282,860 2,421,200 2,421,200 2,421,200 MEDIMMUNE INC Common 58469910 2,765,963 77,100 77,100 77,100 MEDTRONIC INC Common 58505510 298,927,824 6,535,370 6,535,370 6,535,370 MERCK & CO INC Common 58933110 314,331,501 4,141,390 4,141,390 4,141,390 MERIX CORP Common 59004910 7,248,859 539,450 539,450 539,450 METRIS COMPANIES INC Common 59159810 3,721,698 179,100 179,100 179,100 METTLER-TOLEDO INTL Common 59268810 12,677,280 308,000 308,000 308,000 MICROSOFT CORP Common 59491810 289,755,594 5,298,388 5,298,388 5,298,388 MILLENIUM CHEMICALS Common 59990310 9,833,213 600,685 600,685 600,685 MINIMED INC Common 60365K10 1,206,094 41,500 41,500 41,500 MORGAN STANLEY DEAN Common 61744644 27,038,900 505,400 505,400 505,400 MOTOROLA INC Common 62007610 183,377,183 12,859,550 12,859,550 12,859,550 ------------ ---------- ----------- ----------- COLUMN TOTALS 1,595,356,847 50,230,813 50,230,813 50,230,813 FORM 13F PAGE 8 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS LLC 04/01/01 ------------------------------------------------------------------------------------------------------------------ ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVEST DSCRETN MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) ------------------------------------------------------------------------------------------------------------------ NATIONAL AUSTRALIA Cv Pfd 63252530 4,300,950 159,000 159,000 159,000 NATIONAL CITY CORP Common 63540510 353,100 13,200 13,200 13,200 NATIONAL-OILWELL INC Common 63707110 955,788 27,600 27,600 27,600 NATIONWIDE HEALTH Common 63862010 564,122 33,800 33,800 33,800 NAVISTAR INTERNATL Common 63934E10 620,160 27,200 27,200 27,200 NEWFIELD EXPLORATION Common 65129010 1,713,590 49,100 49,100 49,100 NEWPORT CORP Common 65182410 245,784 8,400 8,400 8,400 NOKIA CORP Common 65490220 62,304,000 2,596,000 2,596,000 2,596,000 OFFICE DEPOT INC Common 67622010 12,942,563 1,479,150 1,479,150 1,479,150 OMNICOM GROUP INC Common 68191910 188,941,536 2,279,700 2,279,700 2,279,700 OPTIMAL ROBOTICS Common 68388R20 5,173,406 198,500 198,500 198,500 ORACLE CORPORATION Common 68389X10 217,808,181 14,539,932 14,539,932 14,539,932 ORTHODONTIC CENTERS Common 68750P10 4,872,850 237,700 237,700 237,700 PG & E CORPORATION Common 69331C10 1,614,474 136,300 136,300 136,300 PMI GROUP INC Common 69344M10 2,293,794 35,300 35,300 35,300 PNC FINANCIAL SER Common 69347510 75,880,000 1,120,000 1,120,000 1,120,000 PATTERSON DENTAL Common 70341210 10,270,500 334,000 334,000 334,000 PATTERSON ENERGY INC Common 70341410 5,287,700 167,200 167,200 167,200 PAYLESS SHOESOURCE Common 70437910 541,575 8,700 8,700 8,700 PEOPLESOFT INC Common 71271310 576,563 24,600 24,600 24,600 PERFORMANCE FOOD GP Common 71375510 9,696,750 184,700 184,700 184,700 PFIZER INC Common 71708110 114,862,703 2,804,950 2,804,950 2,804,950 PHELPS DODGE Common 71726510 1,080,842 26,900 26,900 26,900 PHILLIPS PETROLEUM Common 71850710 48,565,110 882,200 882,200 882,200 PHOTOTRONICS INC Common 71940510 3,631,531 147,100 147,100 147,100 PHOTOTRONICS INC CVB Cv Bd P2 719405AA 1,032,075 990,000 990,000 990,000 ------------- ----------- ----------- ------------ COLUMN TOTALS 776,129,646 28,511,232 28,511,232 28,511,232 FORM 13F PAGE 9 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS LLC 04/01/01 ------------------------------------------------------------------------------------------------------------- ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVEST DSCRETN MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) ------------------------------------------------------------------------------------------------------------- PITNEY BOWES INC Common 72447910 7,565,075 217,700 217,700 217,700 PLACER DOME Common 72590610 9,361,160 1,082,215 1,082,215 1,082,215 PLEXUS CORP Common 72913210 7,459,438 291,100 291,100 291,100 POWERWAVE TECH Common 73936310 681,250 50,000 50,000 50,000 PREMIERE TECH Cv Bd P2 74058FAC 21,917,381 47,175,000 47,175,000 47,175,000 PRIDE INTERNATIONAL Common 74193210 6,614,784 278,400 278,400 278,400 PRIDE INTERNATIONAL Cv Bd P2 741932AB 5,141,775 11,490,000 11,490,000 11,490,000 PROCTER & GAMBLE Common 74271810 36,142,110 577,350 577,350 577,350 PROTEIN DESIGN LABS Common 74369L10 21,204,250 476,500 476,500 476,500 PROVINCE HEALTHCARE Common 74397710 8,720,344 286,500 286,500 286,500 PROVIDIAN CORP Common 74406A10 215,949,983 4,402,650 4,402,650 4,402,650 PUBLIC SV ENTER Common 74457310 673,296 15,600 15,600 15,600 QLOGIC CORP Common 74727710 560,250 24,900 24,900 24,900 QUANTUM CORP Cv Bd P2 747906AC 7,469,460 8,000,000 8,000,000 8,000,000 RPM INC OHIO Common 74968510 2,520,196 247,078 247,078 247,078 RADIANT SYSTEMS INC Common 75025N10 4,450,388 322,200 322,200 322,200 RALSTON- PURINA Common 75127730 15,034,548 482,650 482,650 482,650 RAYTHEON - CLASS B Common 75511140 55,644,251 1,893,950 1,893,950 1,893,950 REHABCARE GROUP INC Common 75914810 9,603,720 233,100 233,100 233,100 ROSYLN BANCORP INC Common 77816210 537,750 23,900 23,900 23,900 SBC COMMUNICATIONS Common 78387G10 83,812,909 1,877,950 1,877,950 1,877,950 SCI SYSTEMS INC Common 78389010 4,029,480 221,400 221,400 221,400 SEI CORPORATION Common 78411710 2,183,125 70,000 70,000 70,000 S&P 500 DEPOSIT REC Common 78462F10 9,055,144 77,600 77,600 77,600 S3 INCORPORATED CNV Cv Bd P2 784849AC 5,761,113 7,865,000 7,865,000 7,865,000 SAFEWAY INC Common 78651420 216,976,645 3,934,300 3,934,300 3,934,300 -------------- ---------- ---------- ----------- COLUMN TOTALS 759,069,821 91,617,043 91,617,043 91,617,043 FORM 13F PAGE 10 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS LLC 04/01/01 -------------------------------------------------------------------------------------------------------------- ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVEST DSCRETN MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) -------------------------------------------------------------------------------------------------------------- ST PAUL COS INC Common 79286010 4,140,700 94,000 94,000 94,000 SANDISK CORP Common 80004C10 1,120,625 55,000 55,000 55,000 SCHERING-PLOUGH Common 80660510 95,428,269 2,612,326 2,612,326 2,612,326 SCHLUMBERGER LTD Common 80685710 2,851,695 49,500 49,500 49,500 SCIENTIFIC ATLANTA Common 80865510 1,068,863 25,700 25,700 25,700 SEARS ROEBUCK & CO Common 81238710 58,783,451 1,666,670 1,666,670 1,666,670 SIMON PROPERTY Cv Pfd 82880640 2,747,750 37,900 37,900 37,900 SOLUTIA INC Common 83437610 1,899,540 155,700 155,700 155,700 SPRINT CORP (PCS GP) Common 85206150 7,600,000 400,000 400,000 400,000 STAPLES INC Common 85503010 28,242,017 1,898,623 1,898,623 1,898,623 SUN MICROSYSTEMS INC Common 86681010 195,641,425 12,728,785 12,728,785 12,728,785 SUNOCO INC Common 86764P10 25,760,771 794,350 794,350 794,350 SYMBOL TECHNOLOGIES Common 87150810 2,783,275 79,750 79,750 79,750 SYNOVUS FINL CORP Common 87161C10 337,500 12,500 12,500 12,500 TECHNE CORP Common 87837710 4,932,400 188,800 188,800 188,800 TELEFONOS DE MEXICO Common 87940378 712,804 22,600 22,600 22,600 TELLABS INC Common 87966410 184,097,714 4,524,675 4,524,675 4,524,675 TEMPLE INLAND INC Common 87986810 9,204,000 208,000 208,000 208,000 TENET HEALTHCARE Common 88033G10 34,399,200 781,800 781,800 781,800 TEVA PHARMACEUTICAL Common 88162420 2,174,075 39,800 39,800 39,800 TETRA TECH INC Common 88162G10 1,629,842 80,486 80,486 80,486 TEXACO INC Common 88169410 52,771,400 794,750 794,750 794,750 TEXAS INSTRS INC Common 88250810 123,145,500 3,975,000 3,975,000 3,975,000 TEXTRON INC Common 88320310 39,751,054 699,350 699,350 699,350 THERMO ELECTRON CORP Cv Bd P2 883556AF 2,428,125 2,500,000 2,500,000 2,500,000 THERMO FIBERTEK INC Cv Bd P2 88355WAA 2,864,000 3,200,000 3,200,000 3,200,000 ------------- ---------- ---------- ----------- COLUMN TOTALS 886,515,994 37,626,065 37,626,065 37,626,065 FORM 13F PAGE 11 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS LLC 04/01/01 ------------------------------------------------------------------------------------------------------------ ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVEST DSCRETN MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) ------------------------------------------------------------------------------------------------------------- TORO CO Common 89109210 2,870,400 62,400 62,400 62,400 TOSCO CORP Common 89149030 23,218,680 543,000 543,000 543,000 TOWER AUTOMOTIVE INC Cv Bd P2 891707AE 2,021,875 2,500,000 2,500,000 2,500,000 TRICON GLOBAL RESTAU Common 89595310 1,936,233 50,700 50,700 50,700 TRIUMPH GROUP INC Common 89681810 4,275,000 112,500 112,500 112,500 TWEETER HOME ENTERT Common 90116710 7,578,681 389,900 389,900 389,900 TYCO INTL LTD Common 90212410 412,734,794 9,547,416 9,547,416 9,547,416 UNITED AIR LINES Common 90254950 294,145 8,900 8,900 8,900 USX-US STEEL GROUP Common 90337T10 8,973,387 610,850 610,850 610,850 UNISYS CORP Common 90921410 44,344,482 3,167,463 3,167,463 3,167,463 UNOCAL CORP Common 91528910 45,030,018 1,302,575 1,302,575 1,302,575 VERITY INC Common 92343C10 4,215,338 185,800 185,800 185,800 VERISIGN INC Common 92343E10 265,781 7,500 7,500 7,500 VIACOM INC-CL B Common 92552430 158,095,102 3,595,522 3,595,522 3,595,522 VITESSE SEMICON Common 92849710 1,609,725 67,600 67,600 67,600 WHX CORP CNVPFD B Cv Pfd 92924830 991,630 187,100 187,100 187,100 WASHINGTON MUTUAL Common 93932210 65,207,250 1,191,000 1,191,000 1,191,000 WASTE CONNECTIONS Common 94105310 9,974,888 346,200 346,200 346,200 WASTE MANAGEMENT Cv Bd P2 94106LAA 8,741,250 9,000,000 9,000,000 9,000,000 WATERS CORPORATION Common 94184810 3,395,495 73,100 73,100 73,100 WATSON PHARMA Common 94268310 3,555,760 67,600 67,600 67,600 WELLPOINT HEALTH NET Common 94973H10 3,688,497 38,700 38,700 38,700 WENDYS FINANCE I Cv Pfd 95058820 2,713,660 56,300 56,300 56,300 WENDYS INTL INC Common 95059010 2,566,800 115,000 115,000 115,000 WESTERN RESOURCES Common 95942510 872,910 36,600 36,600 36,600 QUEBECOR WORLD INC Cv Bd P2 981443AA 5,304,000 5,100,000 5,100,000 5,100,000 ----------- ----------- ----------- ------------ COLUMN TOTALS 824,475,780 38,363,726 38,363,726 38,363,726 FORM 13F PAGE 12 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS LLC 04/01/01 ----------------------------------------------------------------------------------------------------------- ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVEST DSCRETN MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) ----------------------------------------------------------------------------------------------------------- XICOR INC Common 98490310 502,313 141,000 141,000 141,000 ZIONS BANCORP Common 98970110 2,458,648 47,200 47,200 47,200 ZORAN CORP Common 98975F10 4,417,656 288,500 288,500 288,500 RENAISSANCERE HOLDS Common G7496G10 3,346,478 47,800 47,800 47,800 GILAT SATELLITE NET Common M5147410 1,444,988 124,300 124,300 124,300 M-SYSTEMS FLSH DISK Common M7061C10 2,235,988 316,600 316,600 316,600 TTI TEAM TELECOM INTL Common M8825810 416,925 32,700 32,700 32,700 ASE TEST LIMITED Common Y0251610 487,500 40,000 40,000 40,000 ---------- --------- ---------- ---------- COLUMN TOTALS 15,310,495 1,038,100 1,038,100 1,038,100 ---------- ---------- ---------- ---------- REPORT TOTALS 12,632,160,497 480,296,762 480,296,762 480,296,762 ============== ============ ============= ===========