0001085146-12-000038.txt : 20120118 0001085146-12-000038.hdr.sgml : 20120118 20120117212324 ACCESSION NUMBER: 0001085146-12-000038 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20111231 FILED AS OF DATE: 20120118 DATE AS OF CHANGE: 20120117 EFFECTIVENESS DATE: 20120118 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MACKAY SHIELDS LLC CENTRAL INDEX KEY: 0000061227 IRS NUMBER: 134080466 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-00046 FILM NUMBER: 12530797 BUSINESS ADDRESS: STREET 1: 9 WEST 57TH STREET STREET 2: 33RD FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 212-758-5400 MAIL ADDRESS: STREET 1: 9 WEST 57TH STREET STREET 2: 33RD FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 FORMER COMPANY: FORMER CONFORMED NAME: MACKAY SHIELDS FINANCIAL CORP DATE OF NAME CHANGE: 19920929 13F-HR 1 mack4q2011.txt MACKAY SHIELDS LLC UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 2011 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, 34th Floor New York, NY 10019 13F File Number: 028-00046 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: Rene A. Bustamante Title: Chief Compliance Officer Phone: (212) 230-3811 Signature, Place, and Date of Signing: /s/ Rene A. Bustamante New York, NY January 17, 2012 Report Type (Check only one.): [ X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 5 Form 13F Information Table Entry Total: 162 Form 13F Information Table Value Total: $2,262,576 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional managers with respect to which this report is filed, other than the manager filing this report. No. 13F File Number Name 01 028-06325 New York Life Investment Management LLC 02 028-02682 UBS Global Asset Management (Americas) Inc 03 028-12567 Mercer Global Investments, Inc. 04 028-06487 First Trust Advisors L.P. 05 028-14465 Mercer Trust Company FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- AFFILIATED MANAGERS GROUP NOTE 3.950% 8/1 008252AL2 7678 7044000 PRN SOLE 7044000 0 0 ALCOA INC NOTE 5.250% 3/1 013817AT8 1716 1131000 PRN OTHER 01 1025000 106000 0 ALLEGHENY TECHNOLOGIES INC NOTE 4.250% 6/0 01741RAD4 67577 48176000 PRN OTHER 01 24604000 23572000 0 ALPHA NATURAL RESOURCES INC NOTE 2.375% 4/1 02076XAA0 9418 10073000 PRN OTHER 01 0 10073000 0 ALZA CORP SDCV 7/2 02261WAB5 8519 9148000 PRN OTHER 01 8035000 1113000 0 AMGEN INC NOTE 0.375% 2/0 031162AQ3 50222 49837000 PRN OTHER 01 33578000 16259000 0 ANIXTER INTL INC NOTE 1.000% 2/1 035290AJ4 20421 17877000 PRN OTHER 01 7415000 10462000 0 APACHE CORP PFD CONV SER D 037411808 75541 1391699 SH OTHER 01 605599 786100 0 ARCELORMITTAL SA LUXEMBOURG NOTE 5.000% 5/1 03938LAK0 9988 9479000 PRN OTHER 01 7549000 1930000 0 ARCHER DANIELS MIDLAND CO NOTE 0.875% 2/1 039483AW2 4047 4007000 PRN SOLE 4007000 0 0 ARVINMERITOR INC FRNT 4.000% 2/1 043353AH4 8458 13013000 PRN OTHER 01 283000 12730000 0 ASBURY AUTOMOTIVE GROUP INC NOTE 3.000% 9/1 043436AG9 3560 3520000 PRN OTHER 01 155000 3365000 0 AVIS BUDGET GROUP COM 053774105 5846 545300 SH OTHER 01 0 545300 0 AVIS BUDGET GROUP NOTE 3.500%10/0 053774AB1 4992 4894000 PRN OTHER 01 4894000 0 0 AVIS BUDGET GROUP NOTE 3.500%10/0 053774AB1 275 268000 PRN SOLE 268000 0 0 BABCOCK & WILCOX CO NEW COM 05615F102 795 32950 SH OTHER 01 450 32500 0 BAKER HUGHES INC COM 057224107 9811 201700 SH OTHER 01 1800 199900 0 BANK OF AMERICA CORPORATION 7.25%CNV PFD L 060505682 30646 38942 SH OTHER 01 22061 16881 0 BIOMARIN PHARMACEUTICAL INC NOTE 1.875% 4/2 09061GAD3 55504 31145000 PRN OTHER 01 12535000 18610000 0 BLACKROCK MUNIHLDNGS CALI QL COM 09254L107 933 62735 SH SOLE 62735 0 0 BLACKROCK MUNIYIELD CALI QLT COM 09254N103 1133 79040 SH OTHER 01 63230 15810 0 BLACKROCK MUNIYIELD CALIF FD COM 09254M105 373 24800 SH OTHER 01 19840 4960 0 BLACKROCK NJ MUNICIPAL BOND COM 09249A109 258 16847 SH OTHER 01 0 16847 0 BLUE COAT SYSTEMS INC COM NEW 09534T508 1161 45609 SH OTHER 01 0 45609 0 BORGWARNER INC NOTE 3.500% 4/1 099724AF3 161 83000 PRN OTHER 01 83000 0 0 BORGWARNER INC NOTE 3.500% 4/1 099724AF3 68 35000 PRN SOLE 35000 0 0 BOSTON PPTYS LTD PARTNERSHIP NOTE 3.750% 5/1 10112RAG9 13737 11971000 PRN SOLE 11971000 0 0 BPZ RESOURCES INC MTNF 6.500% 3/0 055639AB4 3937 4750000 PRN OTHER 01 0 4750000 0 CAL DIVE INTL INC NOTE 3.250%12/1 127914AB5 5038 5000000 PRN OTHER 01 0 5000000 0 CENTRAL EUROPEAN MEDIA NOTE 5.000%11/1 153443AH9 8729 13801000 PRN OTHER 01 1156000 12645000 0 CHART INDS INC NOTE 2.000% 8/0 16115QAC4 7549 7113000 PRN OTHER 01 1969000 5144000 0 CHESAPEAKE ENERGY CORP NOTE 2.750%11/1 165167BW6 13543 13836000 PRN OTHER 01 12043000 1793000 0 CHINA MED TECHNOLOGIES INC NOTE 4.000% 8/1 169483AC8 12386 21447000 PRN OTHER 01 1197000 20250000 0 CIENA CORP NOTE 0.875% 6/1 171779AE1 13217 17334000 PRN OTHER 01 0 17334000 0 CIT GROUP INC COM NEW 125581801 7354 210901 SH OTHER 01 02 03 4 5 44478 166423 0 CITIGROUP INC COM NEW 172967424 9938 377709 SH OTHER 01 05 190791 186918 0 CITIGROUP INC UNIT 99/99/9999 172967416 31888 393015 SH OTHER 01 122715 270300 0 COINSTAR INC NOTE 4.000% 9/0 19259PAF9 25998 19887000 PRN OTHER 01 5987000 13900000 0 CORE LABORATORIES N V COM N22717107 16246 142568 SH OTHER 01 8840 133728 0 COSTCO COMPANIES INC NOTE 8/1 22160QAC6 10672 5624000 PRN OTHER 01 4325000 1299000 0 COVANTA HLDG CORP NOTE 3.250% 6/0 22282EAC6 31780 30365000 PRN OTHER 01 13519000 16846000 0 DANAHER CORP DEL NOTE 1/2 235851AF9 33194 24267000 PRN OTHER 01 21210000 3057000 0 E M C CORP MASS NOTE 1.750%12/0 268648AM4 74272 51632000 PRN OTHER 01 29473000 22159000 0 EQUINIX INC NOTE 3.000%10/1 29444UAG1 7598 6761000 PRN OTHER 01 713000 6048000 0 EQUINIX INC NOTE 4.750% 6/1 29444UAH9 6444 4578000 PRN OTHER 01 4578000 0 0 FORD MTR CO DEL COM PAR $0.01 345370860 21622 2009500 SH OTHER 01 04 325000 1684500 0 FORD MTR CO DEL NOTE 4.250%11/1 345370CN8 8212 5708000 PRN OTHER 01 3332000 2376000 0 FOREST OIL CORP COM PAR $0.01 346091705 1493 110200 SH OTHER 01 900 109300 0 GENCORP INC SDCV 4.062%12/3 368682AN0 13142 14502000 PRN OTHER 01 0 14502000 0 GENERAL MTRS CO COM 37045V100 29356 1448268 SH OTHER 01 02 03 04 1060134 388134 0 GENERAL MTRS CO JR PFD CNV SRB 37045V209 12932 377579 SH OTHER 01 198779 178800 0 GILEAD SCIENCES INC NOTE 1.000% 5/0 375558AN3 54634 49738000 PRN OTHER 01 27277000 22461000 0 GOODYEAR TIRE & RUBR CO PFD CONV 382550309 19436 399755 SH OTHER 01 210655 189100 0 GULF ISLAND FABRICATION INC COM 402307102 876 30000 SH OTHER 01 0 30000 0 HALLIBURTON CO COM 406216101 6910 200242 SH OTHER 01 13524 186718 0 HARTFORD FINL SVCS GROUP INC COM 416515104 2165 133200 SH OTHER 01 0 133200 0 HARTFORD FINL SVCS GROUP INC DEP CONV PFD 416515708 15109 804551 SH OTHER 01 331484 473067 0 HEALTH CARE REIT INC NOTE 4.750% 7/1 42217KAQ9 210 184000 PRN OTHER 01 184000 0 0 HEALTH CARE REIT INC NOTE 4.750% 7/1 42217KAQ9 4503 3933000 PRN SOLE 3933000 0 0 HERTZ GLOBAL HOLDINGS INC NOTE 5.250% 6/0 42805TAA3 9945 6370000 PRN OTHER 01 0 6370000 0 HEWLETT PACKARD CO COM 428236103 1991 77300 SH OTHER 01 0 77300 0 HOLLYFRONTIER CORP COM 436106108 5449 232850 SH OTHER 01 0 232850 0 HOME INNS & HOTELS MGMT INC NOTE 2.000%12/1 43713WAB3 3794 5000000 PRN OTHER 01 1046000 3954000 0 ICAHN ENTERPRISES LP/CORP FRNT 8/1 451102AB3 103785110410000 PRN OTHER 01 02 03 05 61455000 48955000 0 ICONIX BRAND GROUP INC COM 451055107 10103 620200 SH OTHER 01 0 620200 0 IGATE CORP COM 45169U105 6161 391688 SH OTHER 01 0 391688 0 INCYTE CORP NOTE 4.750%10/0 45337CAJ1 26828 14270000 PRN OTHER 01 0 14270000 0 INGERSOLL-RAND GLOBAL HLDG C NOTE 4.500% 4/1 45687AAD4 17593 10258000 PRN OTHER 01 6403000 3855000 0 INSULET CORP NOTE 3.750% 6/1 45784PAC5 12168 11959000 PRN OTHER 01 1807000 10152000 0 INTEL CORP SDCV 2.950%12/1 458140AD2 15972 15266000 PRN SOLE 15266000 0 0 INTERMUNE INC NOTE 2.500% 9/1 45884XAE3 10629 14220000 PRN OTHER 01 3806000 10414000 0 INTERNATIONAL GAME TECHNOLOG NOTE 3.250% 5/0 459902AQ5 35081 29553000 PRN OTHER 01 16004000 13549000 0 INVESCO CALI INSRD MUNI INCO COM 46130L109 1157 76068 SH OTHER 01 64130 11938 0 INVESCO CALI QLTY MUNI SEC COM 46130M107 3226 235127 SH OTHER 01 120000 115127 0 INVESCO MUNI INCOME OPP TRST COM 46132X101 255 38418 SH OTHER 01 0 38418 0 INVESCO QUALITY MUN SECS COM 46133J101 509 34620 SH OTHER 01 0 34620 0 INVITROGEN CORP NOTE 1.500% 2/1 46185RAK6 3327 3311000 PRN OTHER 01 1645000 1666000 0 ION GEOPHYSICAL CORP COM 462044108 5462 891000 SH OTHER 01 0 891000 0 IXIA NOTE 3.000%12/1 45071RAB5 2229 2266000 PRN OTHER 01 252000 2014000 0 JANUS CAP GROUP INC NOTE 3.250% 7/1 47102XAG0 11765 11914000 PRN OTHER 01 9280000 2634000 0 L-3 COMMUNICATIONS CORP DEBT 3.000% 8/0 502413AW7 18503 19275000 PRN OTHER 01 17415000 1860000 0 LEAP WIRELESS INTL INC NOTE 4.500% 7/1 521863AL4 3856 4407000 PRN OTHER 01 0 4407000 0 LUCENT TECHNOLOGIES INC DBCV 2.875% 6/1 549463AH0 8212 9338000 PRN OTHER 01 7445000 1893000 0 LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 4899 150792 SH OTHER 01 112724 38068 0 MASSEY ENERGY CO NOTE 3.250% 8/0 576203AJ2 5043 5459000 PRN OTHER 01 5359000 100000 0 MCDERMOTT INTL INC COM 580037109 759 65900 SH OTHER 01 900 65000 0 MEDTRONIC INC NOTE 1.625% 4/1 585055AM8 5670 5628000 PRN OTHER 01 5628000 0 0 MEDTRONIC INC NOTE 1.625% 4/1 585055AM8 13752 13582000 PRN SOLE 13582000 0 0 MERCK & CO INC NEW COM 58933Y105 12095 320832 SH OTHER 01 18362 302470 0 MERITOR INC COM 59001K100 498 93600 SH OTHER 01 0 93600 0 METLIFE INC UNIT 99/99/9999 59156R116 16577 269007 SH OTHER 01 113607 155400 0 MGM RESORTS INTERNATIONAL NOTE 4.250% 4/1 55303QAE0 24152 25404000 PRN OTHER 01 7163000 18241000 0 MICROCHIP TECHNOLOGY INC SDCV 2.125%12/1 595017AB0 40150 29669000 PRN OTHER 01 15504000 14165000 0 MICRON TECHNOLOGY INC NOTE 4.250%10/1 595112AJ2 5850 4145000 PRN OTHER 01 4145000 0 0 MICROSOFT CORP COM 594918104 2051 79000 SH OTHER 01 0 79000 0 MOLSON COORS BREWING CO NOTE 2.500% 7/3 60871RAA8 10193 9627000 PRN OTHER 01 9627000 0 0 MOLSON COORS BREWING CO NOTE 2.500% 7/3 60871RAA8 13076 12292000 PRN SOLE 12292000 0 0 MYLAN INC NOTE 1.250% 3/1 628530AG2 16913 16837000 PRN OTHER 01 10279000 6558000 0 MYLAN INC NOTE 3.750% 9/1 628530AJ6 13120 7492000 PRN OTHER 01 1729000 5763000 0 NETAPP INC NOTE 1.750% 6/0 64110DAB0 778 614000 PRN OTHER 01 28000 586000 0 NEWMONT MINING CORP NOTE 1.250% 7/1 651639AH9 20725 14873000 PRN OTHER 01 11772000 3101000 0 NEWPARK RES INC NOTE 4.000%10/0 651718AC2 5759 5030000 PRN OTHER 01 5030000 0 0 NII HLDGS INC NOTE 3.125% 6/1 62913FAJ1 3469 3430000 PRN SOLE 3430000 0 0 NORTEK INC COM NEW 656559309 399 14507 SH OTHER 01 02 03 05 10447 4060 0 NUANCE COMMUNICATIONS INC DBCV 2.750% 8/1 67020YAB6 7325 5078000 PRN OTHER 01 5078000 0 0 NUANCE COMMUNICATIONS INC DBCV 2.750% 8/1 67020YAB6 1345 929000 PRN SOLE 929000 0 0 NUVEEN CA DIVIDEND ADV MUN F COM SHS 67066Y105 1107 77706 SH OTHER 01 51294 26412 0 NUVEEN CA INVT QUALITY MUN F COM 67062A101 415 28252 SH SOLE 28252 0 0 NUVEEN CA MUN MKT OPPORTUNT COM 67062U107 1792 122405 SH OTHER 01 77203 45202 0 NUVEEN MICH QUALITY INCOME M COM 670979103 1651 112896 SH OTHER 01 89748 23148 0 NUVEEN N Y INVT QUALITY MUN COM 67062X101 179 11600 SH OTHER 01 9280 2320 0 NUVEEN PA INVT QUALITY MUN F COM 670972108 1353 89339 SH OTHER 01 79739 9600 0 NUVEEN PA PREM INCOME MUN FD COM 67061F101 1545 110423 SH OTHER 01 90423 20000 0 OMNICARE CAP TR II PFD B TR 4.00% 68214Q200 10068 217100 SH OTHER 01 26850 190250 0 OMNICARE INC NOTE 3.750%12/1 681904AN8 14507 10399000 PRN OTHER 01 3459000 6940000 0 OMNICOM GROUP INC NOTE 7/0 681919AT3 2681 2491000 PRN SOLE 2491000 0 0 OMNICOM GROUP INC NOTE 7/0 682134AA9 11390 10796000 PRN OTHER 01 10796000 0 0 OMNICOM GROUP INC NOTE 7/0 682134AA9 16329 15405000 PRN SOLE 15405000 0 0 ON SEMICONDUCTOR CORP NOTE 2.625%12/1 682189AG0 16855 15246000 PRN OTHER 01 11305000 3941000 0 ON SEMICONDUCTOR CORP NOTE 2.625%12/1 682189AH8 16631 15000000 PRN OTHER 01 3955000 11045000 0 PEABODY ENERGY CORP SDCV 4.750%12/1 704549AG9 53783 52543000 PRN OTHER 01 27808000 24735000 0 PPL CORP UNIT 99/99/9999 69351T601 19527 352199 SH OTHER 01 206599 145600 0 QUANTUM CORP NOTE 3.500%11/1 747906AG0 5352 5575000 PRN OTHER 01 0 5575000 0 ROVI CORP NOTE 2.625% 2/1 779376AB8 6566 6566000 PRN OTHER 01 0 6566000 0 SALIX PHARMACEUTICALS INC COM 795435106 16169 337900 SH OTHER 01 0 337900 0 SALIX PHARMACEUTICALS INC NOTE 2.750% 5/1 795435AC0 25343 19534000 PRN OTHER 01 6351000 13183000 0 SANDISK CORP NOTE 1.000% 5/1 80004CAC5 2084 2129000 PRN SOLE 2129000 0 0 SANDISK CORP NOTE 1.500% 8/1 80004CAD3 27348 23150000 PRN OTHER 01 10509000 12641000 0 SBA COMMUNICATIONS CORP NOTE 1.875% 5/0 78388JAN6 38635 34121000 PRN OTHER 01 17101000 17020000 0 SONIC AUTOMOTIVE INC NOTE 5.000%10/0 83545GAQ5 10537 7930000 PRN OTHER 01 5430000 2500000 0 SOTHEBYS NOTE 3.125% 6/1 835898AC1 8522 7500000 PRN OTHER 01 0 7500000 0 SPARTAN STORES INC NOTE 3.375% 5/1 846822AE4 10560 11385000 PRN OTHER 01 293000 11092000 0 SPDR SERIES TRUST BRCLYS CAP CONV 78464A359 1988 54971 SH OTHER 01 54971 0 0 ST MARY LD & EXPL CO NOTE 3.500% 4/0 792228AD0 52310 38220000 PRN OTHER 01 16327000 21893000 0 STANLEY BLACK & DECKER INC UNIT 99/99/9999 854502309 36934 315000 SH OTHER 01 222000 93000 0 STANLEY WKS FRNT 5/1 854616AM1 5685 5113000 PRN OTHER 01 5113000 0 0 STANLEY WKS FRNT 5/1 854616AM1 1748 1572000 PRN SOLE 1572000 0 0 STEEL DYNAMICS INC NOTE 5.125% 6/1 858119AP5 22060 20213000 PRN OTHER 01 12049000 8164000 0 SYMANTEC CORP COM 871503108 6751 431400 SH OTHER 01 0 431400 0 SYMANTEC CORP NOTE 1.000% 6/1 871503AF5 20627 18460000 PRN OTHER 01 15166000 3294000 0 SYNNEX CORP NOTE 4.000% 5/1 87162WAB6 9156 7784000 PRN OTHER 01 364000 7420000 0 SYNOPSYS INC COM 871607107 11242 413300 SH OTHER 01 0 413300 0 TELECOMMUNICATION SYS INC CL A 87929J103 1705 725440 SH OTHER 01 0 725440 0 TELEFLEX INC NOTE 3.875% 8/0 879369AA4 44510 36903000 PRN OTHER 01 17884000 19019000 0 TERADYNE INC NOTE 4.500% 3/1 880770AE2 507 198000 PRN SOLE 198000 0 0 TEVA PHARMACEUTICAL FIN LLC DBCV 0.250% 2/0 88163VAE9 54549 52566000 PRN OTHER 01 29059000 23507000 0 TIDEWATER INC COM 886423102 5719 116000 SH OTHER 01 600 115400 0 TRANSOCEAN INC NOTE 1.500%12/1 893830AW9 14463 14698000 PRN OTHER 01 14544000 154000 0 TRANSOCEAN LTD REG SHS H8817H100 2269 59100 SH OTHER 01 0 59100 0 TRIUMPH GROUP INC NEW COM 896818101 8713 149066 SH OTHER 01 4308 144758 0 TTM TECHNOLOGIES INC COM 87305R109 548 50000 SH OTHER 01 0 50000 0 TTM TECHNOLOGIES INC NOTE 3.250% 5/1 87305RAC3 30021 28685000 PRN OTHER 01 13489000 15196000 0 U S CONCRETE INC COM NEW 90333L201 4259 1468526 SH OTHER 01 02 03 05 1178990 289536 0 UNITED STATES STL CORP NEW NOTE 4.000% 5/1 912909AE8 10135 9120000 PRN OTHER 01 1640000 7480000 0 VALE CAP II GTD CV 6.75%12 91912F201 3938 65748 SH OTHER 01 65748 0 0 VALE CAP II GTD CV 6.75%12 91912F201 84 1400 SH SOLE 1400 0 0 VERIFONE SYS INC NOTE 1.375% 6/1 92342YAB5 18191 17661000 PRN OTHER 01 5374000 12287000 0 VERISIGN INC SDCV 3.250% 8/1 92343EAD4 26554 22150000 PRN OTHER 01 7514000 14636000 0 VIRGIN MEDIA INC NOTE 6.500%11/1 92769LAB7 29172 21023000 PRN OTHER 01 7740000 13283000 0 VIROPHARMA INC NOTE 2.000% 3/1 928241AH1 25003 15750000 PRN OTHER 01 0 15750000 0 WELLS FARGO & CO NEW PERP PFD CNV A 949746804 18879 17887 SH OTHER 01 14287 3600 0 WESCO INTL INC DBCV 6.000% 9/1 95082PAH8 28108 13868000 PRN OTHER 01 7319000 6549000 0