MacKay Shields LLC

New York, NY · CIK 61227 · 13F filing filed 2026-07-28

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Legal entityMACKAY SHIELDS LLC (US)

$3.0bn reported value +9.4% vs Q1 2026

108positions

28.0%in top 10

13 new 16 added 59 reduced 16 sold out vs Q1 2026

This report includes the holdings of 7 other managers that share the investment decisions:

New York Life Investment Management LLC – files its own report too; $8.8m of shares are in both
OPPENHEIMER ASSET MANAGEMENT INC. – files its own report too; $2.3m of shares are in both
FIRST TRUST ADVISORS LP – files its own report too
MCMORGAN & CO LLC – files its own report too
NEW YORK LIFE INSURANCE CO – files its own report too
RIVERNORTH CAPITAL MANAGEMENT, LLC – files its own report too
IndexIQ Advisors LLC – no 13F of its own this quarter

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	WESTERN DIGITAL CORP NOTE 3.000%11/1 · principal WDC 3 11.15.28 · principal	WDC 3 11.15.28	8,952,000	$150.8m5.05%	5.05%	Reduced -6.5m	-6,524,000 -42.2%
2	ALPHABET INC DEP SHS RP1/20 A GOOGL 6.25 05.15.29 A	GOOGL 6.25 05.15.29 A	2,427,303	$122.6m4.11%	4.11%	New
3	MKS INC. NOTE 1.250% 6/0 · principal MKSI 1.25 06.01.30 · principal	MKSI 1.25 06.01.30	36,470,000	$107.5m3.60%	3.60%	Reduced -40.0k	-40,000 -0.1%
4	LUMENTUM HLDGS INC NOTE 0.500% 6/1 · principal LITE 0.5 06.15.28 · principal	LITE 0.5 06.15.28	12,884,000	$84.1m2.82%	2.82%	Reduced -13.9m	-13,902,000 -51.9%
5	LANTHEUS HLDGS INC NOTE 2.625%12/1 · principal LNTH 2.625 12.15.27 · principal	LNTH 2.625 12.15.27	50,863,000	$74.0m2.48%	2.48%	Reduced -35.0k	-35,000 -0.1%
6	HEWLETT PACKARD ENTERPRISE C 7.625 MAND CONV HPE 7.625 09.01.27	HPE 7.625 09.01.27	601,263	$70.2m2.35%	2.35%	Reduced -593	-593 -0.1%
7	CABLE ONE INC NOTE 1.125% 3/1 · principal CABO 1.125 03.15.28 · principal	CABO 1.125 03.15.28	89,888,000	$58.8m1.97%	1.97%	Added +12.5m	+12,529,000 16.2%
8	QXO INC 5.50 DEP PFD QXO 5.5 05.15.28 B	QXO 5.5 05.15.28 B	1,169,488	$57.4m1.92%	1.92%	Reduced -873	-873 -0.1%
9	BOEING CO DEP CONV PFD A BA 6 10.15.27	BA 6 10.15.27	828,674	$56.2m1.88%	1.88%	Reduced -740	-740 -0.1%
10	TETRA TECH INC NEW DBCV 2.250% 8/1 · principal TTEK 2.25 08.15.28 · principal	TTEK 2.25 08.15.28	52,445,000	$55.3m1.85%	1.85%	Reduced -2.1m	-2,073,000 -3.8%
11	UBER TECHNOLOGIES INC NOTE 0.875%12/0 · principal UBER 0.875 12.01.28 2028 · principal	UBER 0.875 12.01.28 2028	45,364,000	$54.3m1.82%	1.82%	Added +12.0k	+12,000 0.0%
12	SNOWFLAKE INC NOTE 10/0 · principal SNOW 0 10.01.27 · principal	SNOW 0 10.01.27	32,541,000	$54.2m1.81%	1.81%	Reduced -29.0k	-29,000 -0.1%
13	CHEFS WHSE INC NOTE 2.375%12/1 · principal CHEF 2.375 12.15.28 · principal	CHEF 2.375 12.15.28	23,710,000	$53.0m1.78%	1.78%	Reduced -39.0k	-39,000 -0.2%
14	ETSY INC NOTE 0.125%10/0 · principal ETSY 0.125 10.01.26 · principal	ETSY 0.125 10.01.26	49,886,000	$50.9m1.70%	1.70%	Added +17.1m	+17,150,000 52.4%
15	NEXTERA ENERGY INC UNIT 06/01/2027 NEE 7.299 06.01.27	NEE 7.299 06.01.27	940,950	$50.5m1.69%	1.69%	Added +468.0k	+468,014 99.0%
16	PG&E CORP NOTE 4.250%12/0 · principal PCG 4.25 12.01.27 · principal	PCG 4.25 12.01.27	46,453,000	$47.5m1.59%	1.59%	Added +69.0k	+69,000 0.1%
17	MICROCHIP TECHNOLOGY INC. DEP SHS REPSTG MCHP 7.5 03.15.28	MCHP 7.5 03.15.28	603,491	$46.5m1.56%	1.56%	Added +2.4k	+2,444 0.4%
18	BLACKROCK MUN TARGET TERM TR COM SHS BEN IN BTT	BTT	1,967,980	$44.8m1.50%	1.50%	Added +401.7k	+401,718 25.6%
19	INTEGER HLDGS CORP DBCV 1.875% 3/1 · principal ITGR 1.875 03.15.30 · principal	ITGR 1.875 03.15.30	45,243,000	$43.9m1.47%	1.47%	Added +84.0k	+84,000 0.2%
20	APOLLO GLOBAL MGMT INC SER A MAND CNV APO 6.75 07.31.26	APO 6.75 07.31.26	713,153	$43.5m1.46%	1.46%	Reduced -656	-656 -0.1%
21	LIBERTY MEDIA CORP DEL NOTE 2.250% 8/1 · principal FWONK 2.25 08.15.27 · principal	FWONK 2.25 08.15.27	33,894,000	$42.1m1.41%	1.41%	Reduced -78.0k	-78,000 -0.2%
22	POST HLDGS INC NOTE 2.500% 8/1 · principal POST 2.5 08.15.27 · principal	POST 2.5 08.15.27	40,161,000	$41.7m1.40%	1.40%	Reduced -67.0k	-67,000 -0.2%
23	MERIT MED SYS INC NOTE 3.000% 2/0 · principal MMSI 3 02.01.29 · principal	MMSI 3 02.01.29	38,073,000	$41.1m1.38%	1.38%	New
24	AKAMAI TECHNOLOGIES INC NOTE 0.375% 9/0 · principal AKAM 0.375 09.01.27 · principal	AKAM 0.375 09.01.27	34,024,000	$40.8m1.37%	1.37%	Added +205.0k	+205,000 0.6%
25	ON SEMICONDUCTOR CORP NOTE 5/0 · principal ON 0 05.01.27 · principal	ON 0 05.01.27	21,949,000	$40.0m1.34%	1.34%	Reduced -17.2m	-17,222,000 -44.0%
26	NINE ENERGY SERVICE INC COMMON STOCK NINE	NINE	3,011,565	$39.2m1.31%	1.31%	Reduced -54.9k	-54,869 -1.8%
27	DATADOG INC NOTE 12/0 · principal DDOG 0 12.01.29 · principal	DDOG 0 12.01.29	27,438,000	$39.1m1.31%	1.31%	Reduced -6.4m	-6,364,000 -18.8%
28	REVOLUTION MEDICINES INC NOTE 0.500% 5/0 · principal RVMD 0.5 05.01.33 · principal	RVMD 0.5 05.01.33	30,344,000	$38.1m1.28%	1.28%	New
29	FRESHPET INC NOTE 3.000% 4/0 · principal FRPT 3 04.01.28 · principal	FRPT 3 04.01.28	31,800,000	$37.0m1.24%	1.24%	Added +9.0k	+9,000 0.0%
30	BRIDGEBIO PHARMA INC NOTE 2.250% 2/0 · principal BBIO 2.25 02.01.29 · principal	BBIO 2.25 02.01.29	33,259,000	$36.9m1.24%	1.24%	Reduced -56.0k	-56,000 -0.2%
31	IRHYTHM TECHNOLOGIES INC NOTE 1.500% 9/0 · principal IRTC 1.5 09.01.29 · principal	IRTC 1.5 09.01.29	32,598,000	$35.9m1.20%	1.20%	Reduced -33.0k	-33,000 -0.1%
32	LIVE NATION ENTERTAINMENT IN NOTE 2.875% 1/1 · principal LYV 2.875 01.15.30 · principal	LYV 2.875 01.15.30	29,737,000	$35.6m1.19%	1.19%	Unchanged
33	PELOTON INTERACTIVE INC NOTE 5.500%12/0 · principal PTON 5.5 12.01.29 · principal	PTON 5.5 12.01.29	21,499,000	$34.9m1.17%	1.17%	Added +2.1m	+2,082,000 10.7%
34	FLUOR CORP NOTE 1.125% 8/1 · principal FLR 1.125 08.15.29 · principal	FLR 1.125 08.15.29	26,167,000	$34.7m1.16%	1.16%	Reduced -145.0k	-145,000 -0.6%
35	JAZZ INVESTMENTS I LTD NOTE 3.125% 9/1 · principal JAZZ 3.125 09.15.30 · principal	JAZZ 3.125 09.15.30	20,318,000	$34.7m1.16%	1.16%	New
36	NORTHERN OIL & GAS INC NOTE 3.625% 4/1 · principal NOG 3.625 04.15.29 · principal	NOG 3.625 04.15.29	33,241,000	$31.9m1.07%	1.07%	Reduced -55.0k	-55,000 -0.2%
37	AFFIRM HLDGS INC NOTE 0.750%12/1 · principal AFRM 0.75 12.15.29 · principal	AFRM 0.75 12.15.29	27,113,000	$31.7m1.06%	1.06%	Reduced -37.0k	-37,000 -0.1%
38	CYBERARK SOFTWARE LTD NOTE 6/1 · principal CYBR 0 06.15.30 · principal	CYBR 0 06.15.30	19,004,000	$31.6m1.06%	1.06%	New
39	CLOUDFLARE INC NOTE 6/1 · principal NET 0 06.15.30 · principal	NET 0 06.15.30	24,872,000	$31.5m1.06%	1.06%	New
40	UNITY SOFTWARE INC NOTE 3/1 · principal U 0 03.15.30 · principal	U 0 03.15.30	26,904,000	$30.5m1.02%	1.02%	Added +2.0k	+2,000 0.0%
41	ORACLE CORP 6.5 DEP CUM SR D ORCL 6.5 01.15.29 D	ORCL 6.5 01.15.29 D	645,801	$29.1m0.98%	0.98%	Reduced -1.0k	-1,045 -0.2%
42	MERITAGE HOMES CORP NOTE 1.750% 5/1 · principal MTH 1.75 05.15.28 · principal	MTH 1.75 05.15.28	28,031,000	$29.0m0.97%	0.97%	Reduced -94.0k	-94,000 -0.3%
43	PATRICK INDS INC NOTE 1.750%12/0 · principal PATK 1.75 12.01.28 · principal	PATK 1.75 12.01.28	19,118,000	$28.3m0.95%	0.95%	Reduced -18.0k	-18,000 -0.1%
44	LIBERTY MEDIA CORP DEL NOTE 3.750% 3/1 · principal SIRI 3.75 03.15.28 · principal	SIRI 3.75 03.15.28	24,458,000	$28.1m0.94%	0.94%	Unchanged
45	BURLINGTON STORES INC NOTE 1.250%12/1 · principal BURL 1.25 12.15.27 · principal	BURL 1.25 12.15.27	17,529,000	$28.0m0.94%	0.94%	Reduced -2.9m	-2,850,000 -14.0%
46	PROGRESS SOFTWARE CORP NOTE 3.500% 3/0 · principal PRGS 3.5 03.01.30 · principal	PRGS 3.5 03.01.30	28,590,000	$27.5m0.92%	0.92%	Reduced -103.0k	-103,000 -0.4%
47	BANK AMERICA CORP 7.25%CNV PFD L BAC 7.25 PERP L	BAC 7.25 PERP L	20,806	$26.1m0.88%	0.88%	Reduced -61	-61 -0.3%
48	PARSONS CORP DEL NOTE 2.625% 3/0 · principal PSN 2.625 03.01.29 · principal	PSN 2.625 03.01.29	26,167,000	$25.8m0.86%	0.86%	Added +34.0k	+34,000 0.1%
49	BIOMARIN PHARMACEUTICAL INC NOTE 1.250% 5/1 · principal BMRN 1.25 05.15.27 · principal	BMRN 1.25 05.15.27	26,434,000	$25.7m0.86%	0.86%	Reduced -68.0k	-68,000 -0.3%
50	ISHARES GOLD TR ISHARES NEW IAU	IAU	328,020	$24.8m0.83%	0.83%	Reduced -62.1k	-62,130 -15.9%
51	DROPBOX INC NOTE 3/0 · principal DBX 0 03.01.28 · principal	DBX 0 03.01.28	24,323,000	$24.6m0.82%	0.82%	Unchanged
52	ARROWHEAD PHARMACEUTICALS IN NOTE 1/1 · principal ARWR 0 01.15.32 · principal	ARWR 0 01.15.32	20,457,000	$24.5m0.82%	0.82%	Added +17.5m	+17,457,000 581.9%
53	DOORDASH INC NOTE 5/1 · principal DASH 0 05.15.30 · principal	DASH 0 05.15.30	24,710,000	$24.4m0.82%	0.82%	New
54	SYNAPTICS INC NOTE 0.750%12/0 · principal SYNA 0.75 12.01.31 · principal	SYNA 0.75 12.01.31	16,169,000	$24.0m0.81%	0.81%	Unchanged
55	GUIDEWIRE SOFTWARE INC NOTE 1.250%11/0 · principal GWRE 1.25 11.01.29 · principal	GWRE 1.25 11.01.29	24,911,000	$24.0m0.80%	0.80%	Reduced -236.0k	-236,000 -0.9%
56	BLACKROCK MUNIYIELD N Y QUAL COM MYN	MYN	2,349,687	$23.8m0.80%	0.80%	Unchanged
57	BLACKROCK MUNIHOLDINGS FD IN COM MHD	MHD	1,982,355	$23.6m0.79%	0.79%	Unchanged
58	RIVIAN AUTOMOTIVE INC NOTE 4.625% 3/1 · principal RIVN 4.625 03.15.29 · principal	RIVN 4.625 03.15.29	18,580,000	$22.1m0.74%	0.74%	Reduced -7.0k	-7,000 -0.0%
59	GREENBRIER COS INC NOTE 2.875% 4/1 · principal GBX 2.875 04.15.28 · principal	GBX 2.875 04.15.28	19,032,000	$21.8m0.73%	0.73%	Unchanged
60	DEXCOM INC NOTE 0.375% 5/1 · principal DXCM 0.375 05.15.28 · principal	DXCM 0.375 05.15.28	22,415,000	$20.9m0.70%	0.70%	Reduced -7.6m	-7,555,000 -25.2%
61	UPSTART HLDGS INC NOTE 1.000%11/1 · principal UPST 1 11.15.30 · principal	UPST 1 11.15.30	25,168,000	$20.6m0.69%	0.69%	Unchanged
62	BLACKROCK MUNIYILD QULT FD I COM MQY	MQY	1,594,019	$18.5m0.62%	0.62%	Unchanged
63	SHIFT4 PMTS INC NOTE 0.500% 8/0 · principal FOUR 0.5 08.01.27 · principal	FOUR 0.5 08.01.27	19,157,000	$18.3m0.61%	0.61%	Reduced -375.0k	-375,000 -1.9%
64	ARES MANAGEMENT CORPORATION 6.75 SE B PFD ARES 6.75 10.01.27 B	ARES 6.75 10.01.27 B	479,735	$18.1m0.61%	0.61%	Reduced -299	-299 -0.1%
65	ALNYLAM PHARMACEUTICALS INC NOTE 1.000% 9/1 · principal ALNY 1 09.15.27 · principal	ALNY 1 09.15.27	14,834,000	$17.9m0.60%	0.60%	Reduced -10.0k	-10,000 -0.1%
66	WELLS FARGO CO NEW PERP PFD CNV A WFC 7.5 PERP L	WFC 7.5 PERP L	14,748	$17.1m0.57%	0.57%	Reduced -12	-12 -0.1%
67	GULFPORT ENERGY CORP COMMON SHARES GPOR	GPOR	97,512	$16.5m0.55%	0.55%	Reduced -1.1k	-1,080 -1.1%
68	NUTANIX INC NOTE 0.500%12/1 · principal NTNX 0.5 12.15.29 · principal	NTNX 0.5 12.15.29	16,565,000	$16.3m0.55%	0.55%	Reduced -13.1m	-13,080,000 -44.1%
69	WORKIVA INC NOTE 1.250% 8/1 · principal WK 1.25 08.15.28 · principal	WK 1.25 08.15.28	16,585,000	$15.5m0.52%	0.52%	Reduced -265.0k	-265,000 -1.6%
70	RUBRIK INC. NOTE 6/1 · principal RBRK 0 06.15.30 · principal	RBRK 0 06.15.30	14,825,000	$15.2m0.51%	0.51%	New
71	TALOS ENERGY INC COM TALO	TALO	1,163,908	$15.0m0.50%	0.50%	Reduced -165.2k	-165,189 -12.4%
72	MGP INGREDIENTS INC NEW NOTE 1.875%11/1 · principal MGPI 1.875 11.15.41 · principal	MGPI 1.875 11.15.41	14,243,000	$13.9m0.46%	0.46%	Reduced -44.0k	-44,000 -0.3%
73	ADVANCED ENERGY INDS NOTE 2.500% 9/1 · principal AEIS 2.5 09.15.28 · principal	AEIS 2.5 09.15.28	4,843,000	$13.2m0.44%	0.44%	Reduced -34.8m	-34,801,000 -87.8%
74	BILL HOLDINGS INC NOTE 4/0 · principal BILL 0 04.01.30 · principal	BILL 0 04.01.30	15,102,000	$13.1m0.44%	0.44%	Unchanged
75	ALPHABET INC DEP SHS RP1/20 B GOOGL 6.25 05.15.29 B	GOOGL 6.25 05.15.29 B	250,000	$12.6m0.42%	0.42%	New
76	GLOBAL PMTS INC NOTE 1.500% 3/0 · principal GPN 1.5 03.01.31 · principal	GPN 1.5 03.01.31	12,879,000	$11.6m0.39%	0.39%	Unchanged
77	NEXTERA ENERGY INC UNIT 02/15/2029 NEE 7.375 02.15.29	NEE 7.375 02.15.29	228,903	$11.0m0.37%	0.37%	New
78	BLACKROCK MUNIHLDGS NJ QLTY COM MUJ	MUJ	881,952	$10.9m0.36%	0.36%	Reduced -266.0k	-265,980 -23.2%
79	WARNER BROS DISCOVERY INC COM SER A WBD	WBD	358,060	$9.5m0.32%	0.32%	Added +131.8k	+131,810 58.3%
80	LIFE360 INC NOTE 6/0 · principal LIF 0 06.01.30 · principal	LIF 0 06.01.30	8,870,000	$9.2m0.31%	0.31%	New
81	GUARDANT HEALTH INC NOTE 11/1 · principal GH 0 11.15.27 · principal	GH 0 11.15.27	7,179,000	$8.9m0.30%	0.30%	New
82	LIVE NATION ENTERTAINMENT IN NOTE 3.125% 1/1 · principal LYV 3.125 01.15.29 · principal	LYV 3.125 01.15.29	4,676,000	$8.3m0.28%	0.28%	Reduced -50.0k	-50,000 -1.1%
83	SPECTRUM BRANDS INC NOTE 3.375% 6/0 · principal SPB 3.375 06.01.29 · principal	SPB 3.375 06.01.29	7,857,000	$8.2m0.27%	0.27%	Unchanged
84	VERTEX INC NOTE 0.750% 5/0 · principal VERX 0.75 05.01.29 · principal	VERX 0.75 05.01.29	9,152,000	$8.2m0.27%	0.27%	Reduced -33.0k	-33,000 -0.4%
85	TELADOC HEALTH INC NOTE 1.250% 6/0 · principal TDOC 1.25 06.01.27 · principal	TDOC 1.25 06.01.27	7,505,000	$7.3m0.25%	0.25%	Unchanged
86	CLOUDFLARE INC NOTE 8/1 · principal NET 0 08.15.26 · principal	NET 0 08.15.26	5,637,000	$7.2m0.24%	0.24%	Reduced -43.0k	-43,000 -0.8%
87	MIRUM PHARMACEUTICALS INC NOTE 4.000% 5/0 · principal MIRM 4 05.01.29 · principal	MIRM 4 05.01.29	1,947,000	$7.2m0.24%	0.24%	Reduced -21.1m	-21,107,000 -91.5%
88	WEC ENERGY GROUP INC NOTE 4.375% 6/0 · principal WEC 4.375 06.01.29 · principal	WEC 4.375 06.01.29	5,162,000	$6.4m0.21%	0.21%	Reduced -104.0k	-104,000 -2.0%
89	SOUTHERN CO NOTE 4.500% 6/1 · principal SO 4.5 06.15.27 · principal	SO 4.5 06.15.27	5,569,000	$6.1m0.21%	0.21%	Reduced -71.0k	-71,000 -1.3%
90	HALOZYME THERAPEUTICS INC NOTE 0.250% 3/0 · principal HALO 0.25 03.01.27 · principal	HALO 0.25 03.01.27	5,407,000	$6.0m0.20%	0.20%	Reduced -9.0k	-9,000 -0.2%
91	OSI SYSTEMS INC NOTE 2.250% 8/0 · principal OSIS 2.25 08.01.29 · principal	OSIS 2.25 08.01.29	4,485,000	$6.0m0.20%	0.20%	Reduced -40.0k	-40,000 -0.9%
92	BLACKROCK MUNIYIELD MICH QU COM MIY	MIY	479,747	$5.9m0.20%	0.20%	Reduced -179.2k	-179,222 -27.2%
93	SPDR GOLD TR GOLD SHS GLD	GLD	15,336	$5.6m0.19%	0.19%	Unchanged
94	FIVE9 INC NOTE 1.000% 3/1 · principal FIVN 1 03.15.29 · principal	FIVN 1 03.15.29	6,155,000	$5.5m0.18%	0.18%	Reduced -110.0k	-110,000 -1.8%
95	NUTANIX INC NOTE 0.250%10/0 · principal NTNX 0.25 10.01.27 · principal	NTNX 0.25 10.01.27	4,582,000	$5.2m0.17%	0.17%	Reduced -22.0k	-22,000 -0.5%
96	BLACKROCK MUNIYIELD QUALITY COM MYI	MYI	439,004	$4.9m0.16%	0.16%	Reduced -87.3k	-87,252 -16.6%
97	SOUTHERN CO NOTE 3.250% 6/1 · principal SO 3.25 06.15.28 · principal	SO 3.25 06.15.28	4,815,000	$4.9m0.16%	0.16%	New
98	INTEGER HLDGS CORP NOTE 2.125% 2/1 · principal ITGR 2.125 02.15.28 · principal	ITGR 2.125 02.15.28	3,756,000	$4.6m0.15%	0.15%	Reduced -89.0k	-89,000 -2.3%
99	ABRDN NATL MUN INCOME FD SH BEN INT SH BEN INT		401,695	$4.2m0.14%	0.14%	Unchanged
100	IONIS PHARMACEUTICALS INC NOTE 1.750% 6/1 · principal IONS 1.75 06.15.28 · principal	IONS 1.75 06.15.28	2,414,000	$3.8m0.13%	0.13%	Reduced -8.0m	-7,996,000 -76.8%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
NCL CORP LTD NCLH 1.125 02.15.27	NCLH 1.125 02.15.27	38,891,000	$38.0m38.9m shares
SEAGATE HDD CAYMAN STX 3.5 06.01.28	STX 3.5 06.01.28	6,638,000	$31.5m6.6m shares
JAZZ INVESTMENTS I LTD JAZZ 2 06.15.26	JAZZ 2 06.15.26	13,087,000	$15.9m13.1m shares
LUMENTUM HLDGS INC LITE 0.5 12.15.26	LITE 0.5 12.15.26	2,200,000	$15.6m2.2m shares
CHEESECAKE FACTORY INC CAKE 0.375 06.15.26	CAKE 0.375 06.15.26	15,388,000	$15.2m15.4m shares
Q2 HLDGS INC QTWO 0.75 06.01.26	QTWO 0.75 06.01.26	13,281,000	$13.2m13.3m shares
AEROVIRONMENT INC AVAV 0 07.15.30	AVAV 0 07.15.30	13,220,000	$13.0m13.2m shares
NEUBERGER BERMAN MUN FD INC NBH	NBH	623,277	$6.3m623.3k shares
NUVEEN NEW YORK AMT QLT MUNI NRK	NRK	519,880	$5.3m519.9k shares
INVESCO TR INVT GRADE MUNS VGM	VGM	209,167	$2.1m209.2k shares
INVESCO MUNICIPAL TRUST VKQ	VKQ	208,814	$2.0m208.8k shares
NUVEEN PENNSYLVANIA QLT MUN XNQPX	XNQPX	117,934	$1.4m117.9k shares
INVESCO MUN OPPORTUNITY TR VMO	VMO	126,255	$1.2m126.3k shares
NUVEEN MUNICIPAL CREDIT INC NZF	NZF	55,659	$677.9k55.7k shares
DUKE ENERGY CORP NEW DUK 4.125 04.15.26	DUK 4.125 04.15.26	500,000	$551.8k500.0k shares
INVESCO ADVANTAGE MUN INCOME VKI	VKI	45,320	$392.5k45.3k shares

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
NINE ENERGY SERVICE INC NINE · 13G · filed 2026-03-31	NINE	11.9%≈ $21.6m	no change	13G	2026-03-31