0001085146-12-001260.txt : 20121023 0001085146-12-001260.hdr.sgml : 20121023 20121022203914 ACCESSION NUMBER: 0001085146-12-001260 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120930 FILED AS OF DATE: 20121023 DATE AS OF CHANGE: 20121022 EFFECTIVENESS DATE: 20121023 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: 121155501 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 mackay3q2012r.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: September 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 October 23, 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: Form 13F Information Table Value Total: $ (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 7885 7044000 PRN SOLE 7044000 0 0 AKORN INC NOTE 3.500% 6/0 009728AB2 19457 11664000 PRN OTHER 01 3388000 8276000 0 ALCOA INC NOTE 5.250% 3/1 013817AT8 1701 1141000 PRN OTHER 01 1025000 116000 0 ALLEGHENY TECHNOLOGIES INC NOTE 4.250% 6/0 01741RAD4 54361 47128000 PRN OTHER 01 22828000 24057000 243000 ALPHA NATURAL RESOURCES INC NOTE 2.375% 4/1 02076XAA0 1014 1152000 PRN OTHER 01 0 1152000 0 ALZA CORP SDCV 7/2 02261WAB5 8881 8948000 PRN OTHER 01 7835000 1113000 0 AMGEN INC NOTE 0.375% 2/0 031162AQ3 54287 48617000 PRN OTHER 01 31278000 17084000 255000 ANIXTER INTL INC NOTE 1.000% 2/1 035290AJ4 18778 17178000 PRN OTHER 01 6517000 10537000 124000 APACHE CORP PFD CONV SER D 037411808 72343 1486046 SH OTHER 01 637032 839000 10014 APOLLO INVT CORP NOTE 5.750% 1/1 03761UAE6 14859 14357000 PRN SOLE 14357000 0 0 ARCELORMITTAL SA LUXEMBOURG NOTE 5.000% 5/1 03938LAK0 4714 4599000 PRN OTHER 01 2614000 1985000 0 ARCHER DANIELS MIDLAND CO NOTE 0.875% 2/1 039483AW2 4030 4007000 PRN SOLE 4007000 0 0 ARVINMERITOR INC FRNT 4.000% 2/1 043353AH4 2576 3438000 PRN OTHER 01 283000 3155000 0 AVIS BUDGET GROUP NOTE 3.500%10/0 053774AB1 9698 7945000 PRN OTHER 01 7703000 0 242000 AVIS BUDGET GROUP NOTE 3.500%10/0 053774AB1 408 333000 PRN SOLE 333000 0 0 BABCOCK & WILCOX CO NEW COM 05615F102 839 32950 SH OTHER 01 450 32500 0 BAKER HUGHES INC COM 057224107 9123 201700 SH OTHER 01 1800 199900 0 BANK OF AMERICA CORPORATION 7.25%CNV PFD L 060505682 26456 24287 SH OTHER 01 21484 2281 522 BIOMARIN PHARMACEUTICAL INC NOTE 1.875% 4/2 09061GAD3 36608 17542000 PRN OTHER 01 7862000 9551000 129000 BLACKROCK MUNIYIELD CALI QLT COM 09254N103 1316 79040 SH OTHER 01 63230 15810 0 BOSTON PPTYS LTD PARTNERSHIP NOTE 3.750% 5/1 10112RAG9 13767 11971000 PRN SOLE 11971000 0 0 BPZ RESOURCES INC MTNF 6.500% 3/0 055639AB4 3794 4750000 PRN OTHER 01 0 4750000 0 CADENCE DESIGN SYSTEM INC NOTE 2.625% 6/0 127387AJ7 1525 857000 PRN SOLE 857000 0 0 CENTRAL EUROPEAN MEDIA NOTE 5.000%11/1 153443AH9 9163 9645000 PRN OTHER 01 0 9645000 0 CHART INDS INC NOTE 2.000% 8/0 16115QAC4 25860 19737000 PRN OTHER 01 8551000 11067000 119000 CHESAPEAKE ENERGY CORP NOTE 2.500% 5/1 165167BZ9 181 200000 PRN SOLE 200000 0 0 CIT GROUP INC COM NEW 125581801 8307 210901 SH OTHER 120178 90723 0 CITIGROUP INC COM NEW 172967424 12359 377709 SH OTHER 115091 262618 0 CITIGROUP INC UNIT 99/99/9999 172967416 33311 343800 SH OTHER 01 86900 256900 0 COINSTAR INC NOTE 4.000% 9/0 19259PAF9 20535 15678000 PRN OTHER 01 4980000 10556000 142000 COMPUWARE CORP COM 205638109 257 25966 SH OTHER 01 0 25966 0 CONTINENTAL AIRLS INC NOTE 4.500% 1/1 210795PU8 11212 8600000 PRN OTHER 01 2282000 6318000 0 CORE LABORATORIES N V COM N22717107 12316 101387 SH OTHER 01 8840 92547 0 COSTCO COMPANIES INC NOTE 8/1 22160QAC6 12590 5525000 PRN OTHER 01 4226000 1299000 0 COVANTA HLDG CORP NOTE 3.250% 6/0 22282EAC6 33245 28388000 PRN OTHER 01 10406000 17846000 136000 DANAHER CORP DEL NOTE 1/2 235851AF9 36371 22644000 PRN OTHER 01 19260000 3127000 257000 E M C CORP MASS NOTE 1.750%12/0 268648AM4 56325 32737000 PRN OTHER 01 21055000 11415000 267000 ELECTRONIC ARTS INC NOTE 0.750% 7/1 285512AA7 14644 15961000 PRN OTHER 01 456000 15505000 0 ENSCO PLC SHS CLASS A G3157S106 2564 47000 SH OTHER 01 0 47000 0 EXELIXIS INC NOTE 4.250% 8/1 30161QAC8 11983 11460000 PRN OTHER 01 4799000 6529000 132000 FORD MTR CO DEL COM PAR $0.01 345370860 19814 2009500 SH OTHER 325000 1684500 0 FORD MTR CO DEL NOTE 4.250%11/1 345370CN8 5126 3703000 PRN OTHER 01 3295000 408000 0 FOREST OIL CORP COM PAR $0.01 346091705 931 110200 SH OTHER 01 900 109300 0 GENCORP INC SDCV 4.062%12/3 368682AN0 6621 5252000 PRN OTHER 01 0 5252000 0 GENERAL MTRS CO COM 37045V100 30305 1332107 SH OTHER 943973 388134 0 GENERAL MTRS CO JR PFD CNV SRB 37045V209 22754 610356 SH OTHER 01 247978 359500 2878 GILEAD SCIENCES INC NOTE 1.000% 5/0 375558AN3 69767 46246000 PRN OTHER 01 25569000 20296000 381000 GOLDCORP INC NEW COM 380956409 45850 1000000 SH OTHER 01 42800 957200 0 GOODYEAR TIRE & RUBR CO PFD CONV 382550309 16728 378713 SH OTHER 01 184440 190300 3973 GULF ISLAND FABRICATION INC COM 402307102 836 30000 SH OTHER 01 0 30000 0 HALLIBURTON CO COM 406216101 6746 200242 SH OTHER 01 13524 186718 0 HARTFORD FINL SVCS GROUP INC DEP CONV PFD 416515708 11979 627211 SH OTHER 01 297233 324767 5211 HEALTH CARE REIT INC COM 42217K106 374 6469 SH SOLE 6469 0 0 HELIX ENERGY SOLUTIONS GRP I NOTE 3.250% 3/1 42330PAG2 20767 18615000 PRN OTHER 01 5750000 12865000 0 HEWLETT PACKARD CO COM 428236103 515 30200 SH OTHER 01 0 30200 0 HOLLYFRONTIER CORP COM 436106108 4699 113850 SH OTHER 01 0 113850 0 HOLOGIC INC COM 436440101 2024 100000 SH OTHER 01 0 100000 0 HOLOGIC INC DEBT 2.000% 3/0 436440AC5 23667 24246000 PRN OTHER 01 10712000 13236000 298000 HOME INNS & HOTELS MGMT INC NOTE 2.000%12/1 43713WAB3 4253 5000000 PRN OTHER 01 1046000 3954000 0 HORNBECK OFFSHORE SVCS INC N FRNT 1.625%11/1 440543AE6 4794 4610000 PRN OTHER 01 4476000 0 134000 ICAHN ENTERPRISES LP/CORP FRNT 8/1 451102AB3 95148 95005000 PRN OTHER 44260000 50745000 0 ICONIX BRAND GROUP INC COM 451055107 6723 368600 SH OTHER 01 0 368600 0 INCYTE CORP NOTE 4.750%10/0 45337CAJ1 13484 6241000 PRN OTHER 01 0 6241000 0 INSULET CORP NOTE 3.750% 6/1 45784PAC5 13912 12449000 PRN OTHER 01 1807000 10642000 0 INTEL CORP SDCV 2.950%12/1 458140AD2 4453 4095000 PRN OTHER 01 3971000 0 124000 INTEL CORP SDCV 2.950%12/1 458140AD2 16385 14998000 PRN SOLE 14998000 0 0 INTEL CORP SDCV 3.250% 8/0 458140AF7 2485 2010000 PRN OTHER 01 423000 1587000 0 INTERMUNE INC COM 45884X103 1955 218000 SH OTHER 01 0 218000 0 INTERMUNE INC NOTE 2.500% 9/1 45884XAE3 11408 14780000 PRN OTHER 01 3866000 10914000 0 INTERNATIONAL GAME TECHNOLOG COM 459902102 2190 167300 SH OTHER 01 3400 163900 0 INTERNATIONAL GAME TECHNOLOG NOTE 3.250% 5/0 459902AQ5 27001 25769000 PRN OTHER 01 14106000 11409000 254000 ION GEOPHYSICAL CORP COM 462044108 6184 891000 SH OTHER 01 0 891000 0 ISHARES TR S&P NTL AMTFREE 464288414 18700 166963 SH OTHER 01 0 166963 0 IXIA NOTE 3.000%12/1 45071RAB5 16 14000 PRN OTHER 01 0 14000 0 JANUS CAP GROUP INC NOTE 3.250% 7/1 47102XAG0 11411 10733000 PRN OTHER 01 8099000 2634000 0 L-3 COMMUNICATIONS CORP DEBT 3.000% 8/0 502413AW7 17577 17487000 PRN OTHER 01 15375000 1860000 252000 LAM RESEARCH CORP NOTE 0.500% 5/1 512807AJ7 9624 10131000 PRN SOLE 10131000 0 0 LAM RESEARCH CORP NOTE 1.250% 5/1 512807AL2 5038 5187000 PRN OTHER 01 2627000 2560000 0 LUCENT TECHNOLOGIES INC DBCV 2.875% 6/1 549463AH0 25 25000 PRN OTHER 01 25000 0 0 LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 7790 150792 SH OTHER 01 112724 38068 0 MARKET VECTORS ETF TR HG YLD MUN ETF 57060U878 17474 530000 SH OTHER 01 0 530000 0 MASSEY ENERGY CO NOTE 3.250% 8/0 576203AJ2 93 100000 PRN OTHER 01 0 100000 0 MCDERMOTT INTL INC COM 580037109 805 65900 SH OTHER 01 900 65000 0 MEDIVATION INC NOTE 2.625% 4/0 58501NAA9 16883 12500000 PRN OTHER 01 240000 12260000 0 MEDTRONIC INC NOTE 1.625% 4/1 585055AM8 4657 4642000 PRN OTHER 01 4501000 0 141000 MEDTRONIC INC NOTE 1.625% 4/1 585055AM8 13148 13042000 PRN SOLE 13042000 0 0 MENTOR GRAPHICS CORP SDCV 4.000% 4/0 587200AK2 5710 5059000 PRN OTHER 01 0 5059000 0 MERCK & CO INC NEW COM 58933Y105 15597 345832 SH OTHER 01 18362 327470 0 MERITOR INC COM 59001K100 397 93600 SH OTHER 01 0 93600 0 METLIFE INC UNIT 99/99/9999 59156R116 34097 493688 SH OTHER 01 330944 157900 4844 MGM RESORTS INTERNATIONAL COM 552953101 3319 308700 SH OTHER 01 6200 302500 0 MGM RESORTS INTERNATIONAL NOTE 4.250% 4/1 55303QAE0 19354 18587000 PRN OTHER 01 7103000 11345000 139000 MICROCHIP TECHNOLOGY INC SDCV 2.125%12/1 595017AB0 7798 6183000 PRN OTHER 01 4821000 1362000 0 MICRON TECHNOLOGY INC NOTE 1.500% 8/0 595112AQ6 2879 3183000 PRN SOLE 3183000 0 0 MOLSON COORS BREWING CO NOTE 2.500% 7/3 60871RAA8 12784 12292000 PRN SOLE 12292000 0 0 MOLSON COORS BREWING CO NOTE 2.500% 7/3 60871RAA8 8233 7955000 PRN OTHER 01 7698000 0 257000 MYLAN INC NOTE 3.750% 9/1 628530AJ6 19265 10037000 PRN OTHER 01 2963000 7074000 0 NETAPP INC NOTE 1.750% 6/0 64110DAB0 7063 6175000 PRN OTHER 01 64000 6111000 0 NEWMONT MINING CORP NOTE 1.250% 7/1 651639AH9 19319 14305000 PRN OTHER 01 11090000 3101000 114000 NEWPARK RES INC NOTE 4.000%10/0 651718AC2 4373 4205000 PRN OTHER 01 4078000 0 127000 NOVELLUS SYS INC NOTE 2.625% 5/1 670008AD3 3905 3500000 PRN OTHER 01 1000000 2500000 0 NUANCE COMMUNICATIONS INC DBCV 2.750% 8/1 67020YAB6 7804 5442000 PRN OTHER 01 5245000 88000 109000 NUVEEN CA MUN MKT OPPORTUNT COM 67062U107 1100 67054 SH OTHER 01 47497 19557 0 NUVEEN MICH QUALITY INCOME M COM 670979103 1806 112896 SH OTHER 01 89748 23148 0 NUVEEN N Y PREM INCOME MUN F COM 67101R107 268 16278 SH OTHER 01 0 16278 0 NUVEEN PA INVT QUALITY MUN F COM 670972108 1345 82233 SH OTHER 01 75027 7206 0 NUVEEN PA PREM INCOME MUN FD COM 67061F101 1678 110423 SH OTHER 01 90423 20000 0 OMNICARE CAP TR II PFD B TR 4.00% 68214Q200 11218 241100 SH OTHER 01 23550 217550 0 OMNICARE INC NOTE 3.750%12/1 681904AN8 25820 18242000 PRN OTHER 01 10725000 7300000 217000 OMNICOM GROUP INC NOTE 7/0 681919AT3 2740 2491000 PRN SOLE 2491000 0 0 OMNICOM GROUP INC NOTE 7/0 682134AA9 9740 8870000 PRN OTHER 01 8604000 0 266000 OMNICOM GROUP INC NOTE 7/0 682134AA9 17038 15445000 PRN SOLE 15445000 0 0 ON SEMICONDUCTOR CORP NOTE 2.625%12/1 682189AG0 18 18000 PRN OTHER 01 18000 0 0 ON SEMICONDUCTOR CORP NOTE 2.625%12/1 682189AH8 31310 29864000 PRN OTHER 01 14684000 14901000 279000 PEABODY ENERGY CORP SDCV 4.750%12/1 704549AG9 42613 50354000 PRN OTHER 01 25125000 24850000 379000 PPL CORP UNIT 99/99/9999 69351T601 17972 334188 SH OTHER 01 168639 160600 4949 QLIK TECHNOLOGIES INC COM 74733T105 2241 100000 SH OTHER 01 0 100000 0 QUANTUM CORP COM DSSG 747906204 771 479109 SH OTHER 01 0 479109 0 QUANTUM CORP NOTE 3.500%11/1 747906AG0 2462 2575000 PRN OTHER 01 0 2575000 0 ROVI CORP NOTE 2.625% 2/1 779376AB8 10501 10560000 PRN OTHER 01 61000 10499000 0 SALIX PHARMACEUTICALS INC NOTE 2.750% 5/1 795435AC0 28553 24320000 PRN OTHER 01 8303000 15796000 221000 SANDISK CORP NOTE 1.500% 8/1 80004CAD3 31354 27600000 PRN OTHER 01 10642000 16821000 137000 SBA COMMUNICATIONS CORP NOTE 1.875% 5/0 78388JAN6 8523 5589000 PRN OTHER 01 1705000 3884000 0 SBA COMMUNICATIONS CORP NOTE 4.000%10/0 78388JAM8 31830 14999000 PRN OTHER 01 7506000 7343000 150000 SCHLUMBERGER LTD COM 806857108 1591 22000 SH OTHER 01 0 22000 0 SOTHEBYS NOTE 3.125% 6/1 835898AC1 8372 7500000 PRN OTHER 01 0 7500000 0 SPARTAN STORES INC NOTE 3.375% 5/1 846822AE4 10745 11092000 PRN OTHER 01 0 11092000 0 SPDR SERIES TRUST BRCLYS CAP CONV 78464A359 74 1881 SH OTHER 01 1881 0 0 SPDR SERIES TRUST NUV HGHYLD MUN 78464A284 1038 18000 SH OTHER 01 0 18000 0 STANLEY BLACK & DECKER INC UNIT 99/99/9999 854502309 43120 342345 SH OTHER 01 209724 130100 2521 STEEL DYNAMICS INC NOTE 5.125% 6/1 858119AP5 12157 11610000 PRN OTHER 01 11010000 358000 242000 SYMANTEC CORP COM 871503108 7765 431400 SH OTHER 01 0 431400 0 SYMANTEC CORP NOTE 1.000% 6/1 871503AF5 12824 11805000 PRN OTHER 01 10280000 1406000 119000 TELEFLEX INC NOTE 3.875% 8/0 879369AA4 42028 33290000 PRN OTHER 01 16016000 17019000 255000 TERADYNE INC NOTE 4.500% 3/1 880770AE2 521 198000 PRN SOLE 198000 0 0 TEVA PHARMACEUTICAL FIN LLC DBCV 0.250% 2/0 88163VAE9 55792 52552000 PRN OTHER 01 27036000 25252000 264000 TIBCO SOFTWARE INC COM 88632Q103 3729 123348 SH OTHER 01 0 123348 0 TIDEWATER INC COM 886423102 5629 116000 SH OTHER 01 600 115400 0 TRANSOCEAN INC NOTE 1.500%12/1 893830AW9 12406 12496000 PRN OTHER 01 12083000 154000 259000 TTM TECHNOLOGIES INC COM 87305R109 472 50000 SH OTHER 01 0 50000 0 TTM TECHNOLOGIES INC NOTE 3.250% 5/1 87305RAC3 27901 27443000 PRN OTHER 01 12421000 14891000 131000 U S CONCRETE INC COM NEW 90333L201 9516 1468526 SH OTHER 1178990 289536 0 UNITED STATES STL CORP NEW NOTE 4.000% 5/1 912909AE8 3382 3330000 PRN OTHER 01 2500000 830000 0 UNITED TECHNOLOGIES CORP UNIT 99/99/9999 913017117 40824 728850 SH OTHER 01 366492 357100 5258 VALEANT PHARMACEUTICALS INTL COM 91911K102 8760 158500 SH OTHER 01 0 158500 0 VERISIGN INC SDCV 3.250% 8/1 92343EAD4 19739 12921000 PRN OTHER 01 6445000 6343000 133000 VIROPHARMA INC NOTE 2.000% 3/1 928241AH1 9331 5296000 PRN OTHER 01 0 5296000 0 WABASH NATL CORP NOTE 3.375% 5/0 929566AH0 19621 19547000 PRN OTHER 01 6562000 12845000 140000 WELLS FARGO & CO NEW PERP PFD CNV A 949746804 21186 17113 SH OTHER 01 13326 3700 87 WESCO INTL INC DBCV 6.000% 9/1 95082PAH8 25560 11909000 PRN OTHER 01 5932000 5846000 131000 XILINX INC NOTE 2.625% 6/1 983919AF8 29666 22610000 PRN OTHER 01 13415000 8972000 223000