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
+5.79%
1 Year Est. Return
+7.96%
3 Year Est. Return
+43.27%
5 Year Est. Return
+41.1%
10 Year Est. Return
–
AUM
$163M
AUM Growth
-$13.5M
(-7.6%)
Cap. Flow
-$20.2M
Cap. Flow
% of AUM
-12.41%
Top 10 Holdings %
Top 10 Hldgs %
18.35%
Holding
162
New
11
Increased
1
Reduced
5
Closed
21
Avg Time Held
1.5
years
Top 10 Avg Time Held
0.9
years
Top 20 Avg Time Held
0.8
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Allegiant Air
ALGT
|
+$1.5M |
| 2 |
Lazard
LAZ
|
+$1.45M |
| 3 |
Costamare
CMRE
|
+$986K |
| 4 |
Skyworks Solutions
SWKS
|
+$837K |
| 5 |
SIRE
Sisecam Resources LP
SIRE
|
+$813K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Johnson & Johnson
JNJ
|
+$2.8M |
| 2 |
Chubb
CB
|
+$2.61M |
| 3 |
Elevance Health
ELV
|
+$2.25M |
| 4 |
ExxonMobil
XOM
|
+$2.06M |
| 5 |
Exelon
EXC
|
+$1.87M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 18.38% |
| 2 | Industrials | 16.39% |
| 3 | Materials | 14.74% |
| 4 | Technology | 13.85% |
| 5 | Consumer Discretionary | 11.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
26
Robert Half
RHI
$3.58B
| $1.76M | 1.08% |
46,500
| – | – |
2016 Q1
2 quarters
|
|
27
US Bancorp
USB
$87.7B
| $1.67M | 1.03% |
39,000
| – | – |
2013 Q2
13 quarters
|
|
28
Las Vegas Sands
LVS
$24B
| $1.67M | 1.02% |
29,000
| – | – |
2014 Q4
7 quarters
|
|
29
Phillips 66
PSX
$119B
| $1.65M | 1.01% |
20,500
| – | – |
2014 Q3
8 quarters
|
|
30
American Express
AXP
$207B
| $1.6M | 0.98% |
25,000
| – | – |
2015 Q1
6 quarters
|
|
31
PACCAR
PCAR
$57.1B
| $1.55M | 0.95% |
39,450
| – | – |
2016 Q1
2 quarters
|
|
32
MSC Industrial Direct
MSM
$7.4B
| $1.54M | 0.95% |
21,000
| – | – |
2015 Q1
6 quarters
|
|
|
MON
33
DELISTED
Monsanto Co
MON
| $1.53M | 0.94% |
15,000
| – | – |
2014 Q4
7 quarters
|
|
34
Mastercard
MA
$528B
| $1.53M | 0.94% |
15,000
| – | – |
2013 Q2
13 quarters
|
|
|
35
Lazard
LAZ
$3.38B
| $1.51M | 0.93% |
+41,500
| New | +$1.45M |
2016 Q3
0 quarters
|
|
36
DELISTED
Randgold Resources Ltd
GOLD
| $1.5M | 0.92% |
15,000
| – | – |
2014 Q3
8 quarters
|
|
37
IBM
IBM
$215B
| $1.49M | 0.92% |
9,832
| – | – |
2014 Q4
7 quarters
|
|
38
Emerson Electric
EMR
$89.9B
| $1.47M | 0.9% |
27,000
| – | – |
2015 Q1
6 quarters
|
|
39
Transocean
RIG
$6.23B
| $1.46M | 0.9% |
137,000
| – | – |
2016 Q2
1 quarter
|
|
40
SPDR Gold Trust
GLD
$139B
| $1.46M | 0.89% |
11,600
| – | – |
2013 Q2
13 quarters
|
|
41
Norfolk Southern
NSC
$72.7B
| $1.46M | 0.89% |
15,000
| – | – |
2013 Q2
13 quarters
|
|
|
42
Allegiant Air
ALGT
$1.83B
| $1.45M | 0.89% |
+11,000
| New | +$1.5M |
2016 Q3
0 quarters
|
|
43
General Motors
GM
$72.9B
| $1.45M | 0.89% |
45,750
| – | – |
2014 Q1
10 quarters
|
|
44
Capital One
COF
$119B
| $1.45M | 0.89% |
20,200
| – | – |
2014 Q1
10 quarters
|
|
45
Ford
F
$48.1B
| $1.45M | 0.89% |
120,000
| – | – |
2014 Q1
10 quarters
|
|
46
GameStop
GME
$13.7B
| $1.42M | 0.87% |
206,000
| – | – |
2015 Q4
3 quarters
|
|
47
Avnet
AVT
$7.88B
| $1.4M | 0.86% |
34,000
| – | – |
2015 Q1
6 quarters
|
|
48
DELISTED
Praxair Inc
PX
| $1.39M | 0.85% |
11,500
| – | – |
2016 Q1
2 quarters
|
|
49
Assured Guaranty
AGO
$3.03B
| $1.39M | 0.85% |
50,000
| – | – |
2015 Q4
3 quarters
|
|
50
Rithm Capital
RITM
$4.66B
| $1.38M | 0.85% |
100,000
| – | – |
2013 Q2
13 quarters
|
|
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Midas Management's Q3 2016 Portfolio in Review
As of Q3 2016, Midas Management held 162 positions worth $163M, down 7.6% from $176M the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Midas Management withdrew a net $20.2M in Q3 2016, closing 21 positions and reducing 5 holdings. Its most notable exit was Chubb, an estimated $2.61M position sold in full.
By sector, the portfolio is most concentrated in Financials at 18% of assets, down from 26% a quarter earlier, followed by Industrials and Materials.
Against the trend, Midas Management opened a new position in Allegiant Air worth $1.45M.
- Midas Management's largest Q3 2016 buy was Allegiant Air: 11,000 shares worth $1.45M.
- Midas Management added most to Skyworks Solutions in Q3 2016, an estimated $837K increase.
- Midas Management's biggest Q3 2016 reduction was Johnson & Johnson, cutting an estimated $2.8M.
- Midas Management fully exited Chubb in Q3 2016, selling an estimated $2.61M.
- Midas Management's ten largest holdings make up 18% of its $163M portfolio in Q3 2016.
- Midas Management opened 11 new positions and closed 21 in Q3 2016.
- Midas Management's portfolio value fell 7.6% quarter-over-quarter to $163M.
Based on Midas Management's 13F filing for Q3 2016, filed 24 Oct 2016.