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MM
Midas Management Portfolio holdings
AUM
$231M
Turnover
15.57%
1-Year Est. Return
7.96%
This Fund
S&P 500
This Quarter
Est. Return
+5.52%
1 Year Est. Return
+7.96%
3 Year Est. Return
+43.27%
5 Year Est. Return
+41.1%
10 Year Est. Return
–
AUM
$155M
AUM Growth
-$60.4M
(-28%)
Cap. Flow
-$67M
Cap. Flow
% of AUM
-43.23%
Top 10 Holdings %
Top 10 Hldgs %
18.45%
Holding
162
New
9
Increased
2
Reduced
19
Closed
57
Avg Time Held
0.8
years
Top 10 Avg Time Held
0.4
years
Top 20 Avg Time Held
0.3
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
NRF
NorthStar Realty Finance Corp.
NRF
|
+$1.92M |
| 2 |
Occidental Petroleum
OXY
|
+$1.16M |
| 3 |
Extra Space Storage
EXR
|
+$1.03M |
| 4 |
LSI
Life Storage, Inc.
LSI
|
+$911K |
| 5 |
CubeSmart
CUBE
|
+$728K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Intel
INTC
|
+$3.1M |
| 2 |
Canadian Natural Resources
CNQ
|
+$2.88M |
| 3 |
Compañía de Minas Buenaventura
BVN
|
+$2.8M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$2.56M |
| 5 |
IBM
IBM
|
+$2.25M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 14.26% |
| 2 | Industrials | 11.91% |
| 3 | Materials | 11.9% |
| 4 | Financials | 11.83% |
| 5 | Healthcare | 11.57% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
26
Freeport-McMoran
FCX
$100B
| $1.82M | 1.18% |
50,000
| – | – |
2013 Q2
4 quarters
|
|
27
Oracle
ORCL
$396B
| $1.82M | 1.18% |
45,000
| – | – |
2013 Q4
2 quarters
|
|
28
Platinum Group Metals
PLG
$141M
| $1.78M | 1.15% |
15,000
| – | – |
2013 Q2
4 quarters
|
|
|
POT
29
DELISTED
Potash Corp Of Saskatchewan
POT
| $1.71M | 1.1% |
45,000
| – | – |
2013 Q4
2 quarters
|
|
|
JOY
30
DELISTED
Joy Global Inc
JOY
| $1.69M | 1.09% |
27,500
| – | – |
2013 Q4
2 quarters
|
|
31
US Bancorp
USB
$87.7B
| $1.69M | 1.09% |
39,000
| – | – |
2013 Q2
4 quarters
|
|
32
Sysco
SYY
$39.8B
| $1.69M | 1.09% |
45,000
| – | – |
2013 Q2
4 quarters
|
|
33
PG&E
PCG
$39.5B
| $1.68M | 1.08% |
35,000
| – | – |
2013 Q2
4 quarters
|
|
34
Xerox
XRX
$355M
| $1.68M | 1.08% |
51,232
| – | – |
2014 Q1
1 quarter
|
|
35
Capital One
COF
$119B
| $1.67M | 1.08% |
20,200
| – | – |
2014 Q1
1 quarter
|
|
36
ExxonMobil
XOM
$728B
| $1.66M | 1.07% |
16,500
-5,100
| -24% | -$514K |
2013 Q2
4 quarters
|
|
37
Mid-America Apartment Communities
MAA
$13.4B
| $1.66M | 1.07% |
22,650
| – | – |
2013 Q2
4 quarters
|
|
38
Quest Diagnostics
DGX
$25.8B
| $1.64M | 1.06% |
28,000
| – | – |
2014 Q1
1 quarter
|
|
39
APA Corp
APA
$16.6B
| $1.61M | 1.04% |
16,000
-4,500
| -22% | -$408K |
2013 Q4
2 quarters
|
|
40
PepsiCo
PEP
$176B
| $1.61M | 1.04% |
18,000
| – | – |
2013 Q2
4 quarters
|
|
41
Deere & Co
DE
$175B
| $1.58M | 1.02% |
17,500
| – | – |
2013 Q4
2 quarters
|
|
42
NOV
NOV
$6.68B
| $1.58M | 1.02% |
19,200
-2,093
| -10% | -$156K |
2014 Q1
1 quarter
|
|
43
Wells Fargo
WFC
$243B
| $1.58M | 1.02% |
30,000
-12,000
| -29% | -$603K |
2013 Q2
4 quarters
|
|
44
Enterprise Products Partners
EPD
$77.3B
| $1.57M | 1.01% |
40,000
| – | – |
2013 Q2
4 quarters
|
|
45
Lumen Technologies, Inc. Common Stock
LUMN
$4.69B
| $1.56M | 1% |
43,000
| – | – |
2013 Q2
4 quarters
|
|
46
Clorox
CLX
$10.3B
| $1.55M | 1% |
17,000
| – | – |
2013 Q2
4 quarters
|
|
47
Norfolk Southern
NSC
$72.7B
| $1.54M | 1% |
15,000
| – | – |
2013 Q2
4 quarters
|
|
|
GG
48
DELISTED
Goldcorp Inc
GG
| $1.53M | 0.99% |
55,000
| – | – |
2013 Q2
4 quarters
|
|
49
Kinder Morgan
KMI
$74.3B
| $1.52M | 0.98% |
42,000
| – | – |
2013 Q2
4 quarters
|
|
50
Transocean
RIG
$6.23B
| $1.52M | 0.98% |
33,700
| – | – |
2014 Q1
1 quarter
|
|
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Midas Management's Q2 2014 Portfolio in Review
As of Q2 2014, Midas Management held 162 positions worth $155M, down 28% from $215M the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Midas Management withdrew a net $67M in Q2 2014, closing 57 positions and reducing 19 holdings. Its most notable exit was Intel, an estimated $3.1M position sold in full.
By sector, the portfolio is most concentrated in Energy at 14% of assets, up from 14% a quarter earlier, followed by Industrials and Materials.
Against the trend, Midas Management opened a new position in NorthStar Realty Finance Corp. worth $2.09M.
- Midas Management's largest Q2 2014 buy was NorthStar Realty Finance Corp.: 61,110 shares worth $2.09M.
- Midas Management added most to Occidental Petroleum in Q2 2014, an estimated $1.16M increase.
- Midas Management's biggest Q2 2014 reduction was JPMorgan Chase, cutting an estimated $2.07M.
- Midas Management fully exited Intel in Q2 2014, selling an estimated $3.1M.
- Midas Management's ten largest holdings make up 18% of its $155M portfolio in Q2 2014.
- Midas Management opened 9 new positions and closed 57 in Q2 2014.
- Midas Management's portfolio value fell 28% quarter-over-quarter to $155M.
Based on Midas Management's 13F filing for Q2 2014, filed 14 Aug 2014.