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
-1.8%
1 Year Est. Return
+7.96%
3 Year Est. Return
+43.27%
5 Year Est. Return
+41.1%
10 Year Est. Return
–
AUM
$186M
AUM Growth
-$14.7M
(-7.3%)
Cap. Flow
-$10.1M
Cap. Flow
% of AUM
-5.43%
Top 10 Holdings %
Top 10 Hldgs %
17.29%
Holding
134
New
2
Increased
–
Reduced
5
Closed
9
Avg Time Held
1.2
years
Top 10 Avg Time Held
1.1
years
Top 20 Avg Time Held
1
year
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Minerals Technologies
MTX
|
+$556K |
| 2 |
Melco Resorts & Entertainment
MLCO
|
+$412K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Enbridge
ENB
|
+$2.33M |
| 2 |
PG&E
PCG
|
+$1.86M |
| 3 |
Vodafone
VOD
|
+$1.47M |
| 4 |
Telefonica
TEF
|
+$1.44M |
| 5 |
NRF
NorthStar Realty Finance Corp.
NRF
|
+$1.18M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 20.95% |
| 2 | Healthcare | 13.57% |
| 3 | Industrials | 12.14% |
| 4 | Consumer Discretionary | 9.49% |
| 5 | Materials | 9.23% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
VIAB
51
DELISTED
Viacom Inc. Class B
VIAB
| $1.68M | 0.9% |
26,000
| – | – |
2014 Q4
2 quarters
|
|
52
PepsiCo
PEP
$176B
| $1.68M | 0.9% |
18,000
| – | – |
2013 Q2
8 quarters
|
|
53
Phillips 66
PSX
$119B
| $1.65M | 0.89% |
20,500
| – | – |
2014 Q3
3 quarters
|
|
54
The Mosaic Company
MOS
$6.04B
| $1.64M | 0.88% |
35,000
| – | – |
2014 Q4
2 quarters
|
|
55
Sysco
SYY
$39.8B
| $1.63M | 0.87% |
45,000
| – | – |
2013 Q2
8 quarters
|
|
56
McCormick & Company Non-Voting
MKC
$12.1B
| $1.62M | 0.87% |
40,000
| – | – |
2013 Q4
6 quarters
|
|
57
Exelon
EXC
$43.9B
| $1.62M | 0.87% |
72,203
| – | – |
2013 Q2
8 quarters
|
|
|
MON
58
DELISTED
Monsanto Co
MON
| $1.6M | 0.86% |
15,000
| – | – |
2014 Q4
2 quarters
|
|
59
Ralph Lauren
RL
$22.4B
| $1.59M | 0.85% |
12,000
| – | – |
2015 Q1
1 quarter
|
|
60
Kimball Electronics
KE
$653M
| $1.59M | 0.85% |
108,750
| – | – |
2014 Q4
2 quarters
|
|
61
Loews
L
$22.3B
| $1.58M | 0.85% |
41,000
| – | – |
2014 Q4
2 quarters
|
|
62
DELISTED
Unilever NV New York Registry Shares
UN
| $1.57M | 0.84% |
37,500
| – | – |
2014 Q4
2 quarters
|
|
|
WDR
63
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $1.56M | 0.84% |
33,000
| – | – |
2014 Q4
2 quarters
|
|
64
American Express
AXP
$207B
| $1.55M | 0.84% |
20,000
| – | – |
2015 Q1
1 quarter
|
|
65
General Motors
GM
$72.9B
| $1.52M | 0.82% |
45,750
| – | – |
2014 Q1
5 quarters
|
|
66
Las Vegas Sands
LVS
$24B
| $1.52M | 0.82% |
29,000
| – | – |
2014 Q4
2 quarters
|
|
67
Rithm Capital
RITM
$4.66B
| $1.52M | 0.82% |
100,000
| – | – |
2013 Q2
8 quarters
|
|
68
Emerson Electric
EMR
$89.9B
| $1.5M | 0.81% |
27,000
| – | – |
2015 Q1
1 quarter
|
|
|
WBK
69
DELISTED
Westpac Banking Corporation
WBK
| $1.48M | 0.8% |
60,000
| – | – |
2013 Q4
6 quarters
|
|
70
Welltower
WELL
$167B
| $1.48M | 0.79% |
22,500
| – | – |
2013 Q4
6 quarters
|
|
71
MSC Industrial Direct
MSM
$7.4B
| $1.47M | 0.79% |
21,000
| – | – |
2015 Q1
1 quarter
|
|
72
Invesco
IVZ
$12.3B
| $1.46M | 0.79% |
39,000
| – | – |
2015 Q1
1 quarter
|
|
|
WNR
73
DELISTED
Western Refining Inc
WNR
| $1.42M | 0.76% |
32,500
| – | – |
2014 Q4
2 quarters
|
|
|
POT
74
DELISTED
Potash Corp Of Saskatchewan
POT
| $1.39M | 0.75% |
45,000
| – | – |
2013 Q4
6 quarters
|
|
75
Tapestry
TPR
$22.8B
| $1.35M | 0.73% |
39,000
| – | – |
2013 Q4
6 quarters
|
|
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Midas Management's Q2 2015 Portfolio in Review
As of Q2 2015, Midas Management held 134 positions worth $186M, down 7.3% from $200M the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Midas Management withdrew a net $10.1M in Q2 2015, closing 9 positions and reducing 5 holdings. Its most notable exit was Enbridge, an estimated $2.33M position sold in full.
By sector, the portfolio is most concentrated in Financials at 21% of assets, up from 20% a quarter earlier, followed by Healthcare and Industrials.
Against the trend, Midas Management opened a new position in Minerals Technologies worth $545K.
- Midas Management's largest Q2 2015 buy was Minerals Technologies: 8,000 shares worth $545K.
- Midas Management's biggest Q2 2015 reduction was Newmont, cutting an estimated $474K.
- Midas Management fully exited Enbridge in Q2 2015, selling an estimated $2.33M.
- Midas Management's ten largest holdings make up 17% of its $186M portfolio in Q2 2015.
- Midas Management opened 2 new positions and closed 9 in Q2 2015.
- Midas Management's portfolio value fell 7.3% quarter-over-quarter to $186M.
Based on Midas Management's 13F filing for Q2 2015, filed 3 Aug 2015.