0001085146-12-000963.txt : 20120731 0001085146-12-000963.hdr.sgml : 20120731 20120731094605 ACCESSION NUMBER: 0001085146-12-000963 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120630 FILED AS OF DATE: 20120731 DATE AS OF CHANGE: 20120731 EFFECTIVENESS DATE: 20120731 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: 12995507 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 mackay2q2012.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: June 30, 2012 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 July 30, 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: 151 Form 13F Information Table Value Total: $2,218,256 (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 7634 7044000 PRN SOLE 7044000 0 0 AKORN INC NOTE 3.500% 6/0 009728AB2 26167 13664000 PRN OTHER 01 3388000 10276000 0 ALCOA INC NOTE 5.250% 3/1 013817AT8 1713 1141000 PRN OTHER 01 1025000 116000 0 ALLEGHENY TECHNOLOGIES INC NOTE 4.250% 6/0 01741RAD4 55480 47815000 PRN OTHER 01 23400000 24057000 358000 ALPHA NATURAL RESOURCES INC NOTE 2.375% 4/1 02076XAA0 8575 10073000 PRN OTHER 01 0 10073000 0 ALZA CORP SDCV 7/2 02261WAB5 8896 9148000 PRN OTHER 01 8035000 1113000 0 AMGEN INC NOTE 0.375% 2/0 031162AQ3 50908 48760000 PRN OTHER 01 32122000 16259000 379000 ANIXTER INTL INC NOTE 1.000% 2/1 035290AJ4 18506 17521000 PRN OTHER 01 6789000 10537000 195000 APACHE CORP PFD CONV SER D 037411808 73472 1462350 SH OTHER 01 658453 789000 14897 APOLLO INVT CORP NOTE 5.750% 1/1 03761UAE6 13787 13962000 PRN SOLE 13962000 0 0 ARCELORMITTAL SA LUXEMBOURG NOTE 5.000% 5/1 03938LAK0 4737 4599000 PRN OTHER 01 2614000 1985000 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 9597 13013000 PRN OTHER 01 283000 12730000 0 ASBURY AUTOMOTIVE GROUP INC NOTE 3.000% 9/1 043436AG9 3524 3520000 PRN OTHER 01 155000 3365000 0 AVIS BUDGET GROUP NOTE 3.500%10/0 053774AB1 10650 8537000 PRN OTHER 01 8178000 0 359000 AVIS BUDGET GROUP NOTE 3.500%10/0 053774AB1 417 333000 PRN SOLE 333000 0 0 BABCOCK & WILCOX CO NEW COM 05615F102 807 32950 SH OTHER 01 450 32500 0 BAKER HUGHES INC COM 057224107 8290 201700 SH OTHER 01 1800 199900 0 BANK OF AMERICA CORPORATION 7.25%CNV PFD L 060505682 25000 25641 SH OTHER 01 22585 2281 775 BIOMARIN PHARMACEUTICAL INC NOTE 1.875% 4/2 09061GAD3 58667 28710000 PRN OTHER 01 12617000 15725000 368000 BLACKROCK MUNIHLDNGS CALI QL COM 09254L107 1002 62735 SH SOLE 62735 0 0 BLACKROCK MUNIYIELD CALI QLT COM 09254N103 1231 79040 SH OTHER 01 63230 15810 0 BLACKROCK MUNIYIELD CALIF FD COM 09254M105 403 24800 SH OTHER 01 19840 4960 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 3871 4750000 PRN OTHER 01 0 4750000 0 CADENCE DESIGN SYSTEM INC NOTE 2.625% 6/0 127387AJ7 1334 857000 PRN SOLE 857000 0 0 CENTRAL EUROPEAN MEDIA NOTE 5.000%11/1 153443AH9 8451 9645000 PRN OTHER 01 0 9645000 0 CHART INDS INC NOTE 2.000% 8/0 16115QAC4 24600 19916000 PRN OTHER 01 8671000 11067000 178000 CHESAPEAKE ENERGY CORP NOTE 2.500% 5/1 165167BZ9 172 200000 PRN SOLE 200000 0 0 CIENA CORP NOTE 0.875% 6/1 171779AE1 13063 15190000 PRN OTHER 01 1761000 13429000 0 CIT GROUP INC COM NEW 125581801 7517 210901 SH OTHER 01 02 03 05 120178 90723 0 CITIGROUP INC COM NEW 172967424 10353 377709 SH OTHER 01 04 05 115091 262618 0 CITIGROUP INC UNIT 99/99/9999 172967416 29182 343800 SH OTHER 01 86900 256900 0 COINSTAR INC NOTE 4.000% 9/0 19259PAF9 23751 13246000 PRN OTHER 01 5171000 7875000 200000 CONTINENTAL AIRLS INC NOTE 4.500% 1/1 210795PU8 12653 8600000 PRN OTHER 01 2282000 6318000 0 CORE LABORATORIES N V COM N22717107 11751 101387 SH OTHER 01 8840 92547 0 COSTCO COMPANIES INC NOTE 8/1 22160QAC6 12162 5624000 PRN OTHER 01 4325000 1299000 0 COVANTA HLDG CORP NOTE 3.250% 6/0 22282EAC6 32681 27745000 PRN OTHER 01 10694000 16846000 205000 DANAHER CORP DEL NOTE 1/2 235851AF9 35387 23331000 PRN OTHER 01 19828000 3127000 376000 DIGITAL RIV INC NOTE 2.000%11/0 25388BAD6 827 881000 PRN SOLE 881000 0 0 E M C CORP MASS NOTE 1.750%12/0 268648AM4 52049 31912000 PRN OTHER 01 21660000 9855000 397000 FORD MTR CO DEL COM PAR $0.01 345370860 19271 2009500 SH OTHER 01 04 325000 1684500 0 FORD MTR CO DEL NOTE 4.250%11/1 345370CN8 5166 3703000 PRN OTHER 01 3295000 408000 0 FOREST OIL CORP COM PAR $0.01 346091705 808 110200 SH OTHER 01 900 109300 0 GENCORP INC SDCV 4.062%12/3 368682AN0 14774 14502000 PRN OTHER 01 0 14502000 0 GENERAL MTRS CO COM 37045V100 26269 1332107 SH OTHER 01 02 03 04 943973 388134 0 GENERAL MTRS CO JR PFD CNV SRB 37045V209 20516 617955 SH OTHER 01 254158 359500 4297 GILEAD SCIENCES INC NOTE 1.000% 5/0 375558AN3 61763 49566000 PRN OTHER 01 26461000 22536000 569000 GOLDCORP INC NEW COM 380956409 37580 1000000 SH OTHER 01 42800 957200 0 GOODYEAR TIRE & RUBR CO PFD CONV 382550309 16812 389171 SH OTHER 01 192974 190300 5897 GULF ISLAND FABRICATION INC COM 402307102 846 30000 SH OTHER 01 0 30000 0 HALLIBURTON CO COM 406216101 5685 200242 SH OTHER 01 13524 186718 0 HARTFORD FINL SVCS GROUP INC DEP CONV PFD 416515708 14797 790859 SH OTHER 01 308352 474767 7740 HEALTH CARE REIT INC NOTE 4.750% 7/1 42217KAQ9 216 184000 PRN OTHER 01 184000 0 0 HEALTH CARE REIT INC NOTE 4.750% 7/1 42217KAQ9 4631 3933000 PRN SOLE 3933000 0 0 HELIX ENERGY SOLUTIONS GRP I NOTE 3.250% 3/1 42330PAG2 19330 18520000 PRN OTHER 01 5655000 12865000 0 HEWLETT PACKARD CO COM 428236103 1555 77300 SH OTHER 01 0 77300 0 HOLLYFRONTIER CORP COM 436106108 4034 113850 SH OTHER 01 0 113850 0 HOLOGIC INC DEBT 2.000% 3/0 436440AC5 23476 25267000 PRN OTHER 01 11577000 13236000 454000 HOME INNS & HOTELS MGMT INC NOTE 2.000%12/1 43713WAB3 3919 5000000 PRN OTHER 01 1046000 3954000 0 HORNBECK OFFSHORE SVCS INC N FRNT 1.625%11/1 440543AE6 5238 4977000 PRN OTHER 01 4774000 0 203000 ICAHN ENTERPRISES LP/CORP FRNT 8/1 451102AB3 103755103755000 PRN OTHER 01 02 03 05 53645000 50110000 0 ICONIX BRAND GROUP INC COM 451055107 10398 595200 SH OTHER 01 0 595200 0 INCYTE CORP NOTE 4.750%10/0 45337CAJ1 17325 6541000 PRN OTHER 01 0 6541000 0 INSULET CORP NOTE 3.750% 6/1 45784PAC5 13896 12449000 PRN OTHER 01 1807000 10642000 0 INTEL CORP SDCV 2.950%12/1 458140AD2 4989 4410000 PRN OTHER 01 4221000 0 189000 INTEL CORP SDCV 2.950%12/1 458140AD2 17448 15356000 PRN SOLE 15356000 0 0 INTERMUNE INC NOTE 2.500% 9/1 45884XAE3 11824 14780000 PRN OTHER 01 3866000 10914000 0 INTERNATIONAL GAME TECHNOLOG NOTE 3.250% 5/0 459902AQ5 31771 28695000 PRN OTHER 01 14702000 13614000 379000 INVESCO MUNI INCOME OPP TRST COM 46132X101 276 38418 SH OTHER 01 0 38418 0 INVESCO NY QUALITY MUNI SEC COM 46133F109 525 31976 SH OTHER 01 0 31976 0 ION GEOPHYSICAL CORP COM 462044108 5872 891000 SH OTHER 01 0 891000 0 ISHARES TR S&P NTL AMTFREE 464288414 18378 166963 SH OTHER 01 0 166963 0 IXIA NOTE 3.000%12/1 45071RAB5 14 14000 PRN OTHER 01 0 14000 0 JANUS CAP GROUP INC NOTE 3.250% 7/1 47102XAG0 10988 10733000 PRN OTHER 01 8099000 2634000 0 L-3 COMMUNICATIONS CORP DEBT 3.000% 8/0 502413AW7 17794 18203000 PRN OTHER 01 15958000 1860000 385000 LAM RESEARCH CORP COM 512807108 5842 154800 SH OTHER 01 0 154800 0 LAM RESEARCH CORP NOTE 0.500% 5/1 512807AJ7 9751 10131000 PRN SOLE 10131000 0 0 LAM RESEARCH CORP NOTE 1.250% 5/1 512807AL2 5142 5187000 PRN OTHER 01 2627000 2560000 0 LUCENT TECHNOLOGIES INC DBCV 2.875% 6/1 549463AH0 8614 8716000 PRN OTHER 01 6619000 1893000 204000 LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 6072 150792 SH OTHER 01 112724 38068 0 MARKET VECTORS ETF TR HG YLD MUN ETF 57060U878 17093 530000 SH OTHER 01 0 530000 0 MASSEY ENERGY CO NOTE 3.250% 8/0 576203AJ2 4269 4949000 PRN OTHER 01 4646000 100000 203000 MCDERMOTT INTL INC COM 580037109 734 65900 SH OTHER 01 900 65000 0 MEDICIS PHARMACEUTICAL CORP NOTE 1.375% 6/0 584690AC5 19784 19883000 PRN OTHER 01 8237000 11442000 204000 MEDIVATION INC NOTE 2.625% 4/0 58501NAA9 14984 12500000 PRN OTHER 01 240000 12260000 0 MEDTRONIC INC NOTE 1.625% 4/1 585055AM8 5030 5017000 PRN OTHER 01 4807000 0 210000 MEDTRONIC INC NOTE 1.625% 4/1 585055AM8 13503 13402000 PRN SOLE 13402000 0 0 MENTOR GRAPHICS CORP SDCV 4.000% 4/0 587200AK2 5419 5059000 PRN OTHER 01 0 5059000 0 MERCK & CO INC NEW COM 58933Y105 13395 320832 SH OTHER 01 18362 302470 0 MERITOR INC COM 59001K100 489 93600 SH OTHER 01 0 93600 0 METLIFE INC UNIT 99/99/9999 59156R116 31302 505927 SH OTHER 01 340808 157900 7219 MGM RESORTS INTERNATIONAL NOTE 4.250% 4/1 55303QAE0 24365 23987000 PRN OTHER 01 7500000 16281000 206000 MICROCHIP TECHNOLOGY INC SDCV 2.125%12/1 595017AB0 31236 24976000 PRN OTHER 01 13721000 10870000 385000 MOLSON COORS BREWING CO NOTE 2.500% 7/3 60871RAA8 12492 12292000 PRN SOLE 12292000 0 0 MOLSON COORS BREWING CO NOTE 2.500% 7/3 60871RAA8 8700 8603000 PRN OTHER 01 8212000 0 391000 MYLAN INC NOTE 3.750% 9/1 628530AJ6 17314 10037000 PRN OTHER 01 2963000 7074000 0 NETAPP INC NOTE 1.750% 6/0 64110DAB0 7660 6675000 PRN OTHER 01 64000 6611000 0 NEWMONT MINING CORP NOTE 1.250% 7/1 651639AH9 18148 14594000 PRN OTHER 01 11344000 3101000 149000 NEWPARK RES INC NOTE 4.000%10/0 651718AC2 4288 4532000 PRN OTHER 01 4341000 0 191000 NORTEK INC COM NEW 656559309 669 13347 SH OTHER 01 02 03 05 9607 3740 0 NUANCE COMMUNICATIONS INC DBCV 2.750% 8/1 67020YAB6 4151 3000000 PRN OTHER 01 478000 2522000 0 NUVEEN CA DIVIDEND ADV MUN F COM SHS 67066Y105 423 27903 SH OTHER 01 17229 10674 0 NUVEEN CA MUN MKT OPPORTUNT COM 67062U107 1766 110788 SH OTHER 01 65586 45202 0 NUVEEN MICH QUALITY INCOME M COM 670979103 1762 112896 SH OTHER 01 89748 23148 0 NUVEEN N Y PREM INCOME MUN F COM 67101R107 523 32247 SH OTHER 01 0 32247 0 NUVEEN PA INVT QUALITY MUN F COM 670972108 1397 88339 SH OTHER 01 78739 9600 0 NUVEEN PA PREM INCOME MUN FD COM 67061F101 1618 110423 SH OTHER 01 90423 20000 0 OMNICARE CAP TR II PFD B TR 4.00% 68214Q200 10608 241100 SH OTHER 01 23550 217550 0 OMNICARE INC NOTE 3.750%12/1 681904AN8 24152 18345000 PRN OTHER 01 11083000 6940000 322000 OMNICOM GROUP INC NOTE 7/0 681919AT3 2815 2491000 PRN SOLE 2491000 0 0 OMNICOM GROUP INC NOTE 7/0 682134AA9 16719 15445000 PRN SOLE 15445000 0 0 OMNICOM GROUP INC NOTE 7/0 682134AA9 10331 9588000 PRN OTHER 01 9194000 0 394000 ON SEMICONDUCTOR CORP NOTE 2.625%12/1 682189AG0 9207 8950000 PRN OTHER 01 8591000 0 359000 ON SEMICONDUCTOR CORP NOTE 2.625%12/1 682189AH8 21907 20355000 PRN OTHER 01 5454000 14901000 0 PEABODY ENERGY CORP SDCV 4.750%12/1 704549AG9 41870 51378000 PRN OTHER 01 25964000 24850000 564000 PPL CORP UNIT 99/99/9999 69351T601 17628 332101 SH OTHER 01 179127 145600 7374 QUANTUM CORP COM DSSG 747906204 973 479109 SH OTHER 01 0 479109 0 QUANTUM CORP NOTE 3.500%11/1 747906AG0 3499 3575000 PRN OTHER 01 0 3575000 0 ROVI CORP NOTE 2.625% 2/1 779376AB8 10217 10560000 PRN OTHER 01 61000 10499000 0 SALIX PHARMACEUTICALS INC NOTE 2.750% 5/1 795435AC0 26939 19838000 PRN OTHER 01 8658000 10851000 329000 SANDISK CORP NOTE 1.000% 5/1 80004CAC5 2108 2129000 PRN SOLE 2129000 0 0 SANDISK CORP NOTE 1.500% 8/1 80004CAD3 30949 29963000 PRN OTHER 01 10935000 18821000 207000 SBA COMMUNICATIONS CORP NOTE 1.875% 5/0 78388JAN6 18192 13088000 PRN OTHER 01 3476000 9612000 0 SBA COMMUNICATIONS CORP NOTE 4.000%10/0 78388JAM8 29929 15491000 PRN OTHER 01 7919000 7343000 229000 SOTHEBYS NOTE 3.125% 6/1 835898AC1 8728 7500000 PRN OTHER 01 0 7500000 0 SPARTAN STORES INC NOTE 3.375% 5/1 846822AE4 11115 11385000 PRN OTHER 01 293000 11092000 0 SPDR SERIES TRUST BRCLYS CAP CONV 78464A359 3 86 SH OTHER 01 86 0 0 SPDR SERIES TRUST NUV HGHYLD MUN 78464A284 1010 18000 SH OTHER 01 0 18000 0 STANLEY BLACK & DECKER INC UNIT 99/99/9999 854502309 39281 333569 SH OTHER 01 214211 115600 3758 STEEL DYNAMICS INC NOTE 5.125% 6/1 858119AP5 12879 12308000 PRN OTHER 01 11589000 358000 361000 SYMANTEC CORP COM 871503108 6303 431400 SH OTHER 01 0 431400 0 SYMANTEC CORP NOTE 1.000% 6/1 871503AF5 17598 17129000 PRN OTHER 01 14584000 2364000 181000 SYNOPSYS INC COM 871607107 9353 317800 SH OTHER 01 0 317800 0 TELEFLEX INC NOTE 3.875% 8/0 879369AA4 43800 37434000 PRN OTHER 01 16536000 20519000 379000 TERADYNE INC NOTE 4.500% 3/1 880770AE2 518 198000 PRN SOLE 198000 0 0 TEVA PHARMACEUTICAL FIN LLC DBCV 0.250% 2/0 88163VAE9 54001 51598000 PRN OTHER 01 27681000 23572000 345000 TIDEWATER INC COM 886423102 5378 116000 SH OTHER 01 600 115400 0 TRANSOCEAN INC NOTE 1.500%12/1 893830AW9 13671 13717000 PRN OTHER 01 13179000 154000 384000 TRANSOCEAN LTD REG SHS H8817H100 2644 59100 SH OTHER 01 0 59100 0 TTM TECHNOLOGIES INC COM 87305R109 471 50000 SH OTHER 01 0 50000 0 TTM TECHNOLOGIES INC NOTE 3.250% 5/1 87305RAC3 28155 28179000 PRN OTHER 01 12704000 15276000 199000 U S CONCRETE INC COM NEW 90333L201 7034 1468526 SH OTHER 01 02 03 05 1178990 289536 0 UNITED STATES STL CORP NEW NOTE 4.000% 5/1 912909AE8 2371 2330000 PRN OTHER 01 1580000 750000 0 VERISIGN INC SDCV 3.250% 8/1 92343EAD4 24405 17480000 PRN OTHER 01 6707000 10574000 199000 VIRGIN MEDIA INC NOTE 6.500%11/1 92769LAB7 26444 17644000 PRN OTHER 01 7181000 10283000 180000 VIROPHARMA INC NOTE 2.000% 3/1 928241AH1 11437 8040000 PRN OTHER 01 0 8040000 0 WABASH NATL CORP NOTE 3.375% 5/0 929566AH0 19107 19853000 PRN OTHER 01 6796000 12845000 212000 WELLS FARGO & CO NEW PERP PFD CNV A 949746804 19636 17454 SH OTHER 01 13603 3700 151 WESCO INTL INC DBCV 6.000% 9/1 95082PAH8 25782 11933000 PRN OTHER 01 6189000 5544000 200000 XILINX INC NOTE 2.625% 6/1 983919AF8 12164 9448000 PRN OTHER 01 1188000 8260000 0