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
-9.38%
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
-$30.7M
(-17%)
Cap. Flow
-$12M
Cap. Flow
% of AUM
-7.72%
Top 10 Holdings %
Top 10 Hldgs %
18.88%
Holding
127
New
2
Increased
4
Reduced
8
Closed
6
Avg Time Held
1.5
years
Top 10 Avg Time Held
0.9
years
Top 20 Avg Time Held
0.9
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
BXLT
BAXALTA INC COM STK (DE)
BXLT
|
+$932K |
| 2 |
Alamos Gold
AGI
|
+$501K |
| 3 |
Franco-Nevada
FNV
|
+$431K |
| 4 |
Eldorado Gold
EGO
|
+$333K |
| 5 |
Newmont
NEM
|
+$250K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Juniper Networks
JNPR
|
+$2.36M |
| 2 |
Philips
PHG
|
+$2.19M |
| 3 |
CTRX
CATAMARAN CORP COM STK (CDA)
CTRX
|
+$1.99M |
| 4 |
VIAB
Viacom Inc. Class B
VIAB
|
+$1.68M |
| 5 |
Mastercard
MA
|
+$1.41M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 20.83% |
| 2 | Healthcare | 13.49% |
| 3 | Industrials | 12.15% |
| 4 | Consumer Staples | 10.21% |
| 5 | Materials | 9.21% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
51
DELISTED
Fortress Investment Group Llc
FIG
| $1.44M | 0.93% |
260,000
| – | – |
2014 Q4
3 quarters
|
|
|
WNR
52
DELISTED
Western Refining Inc
WNR
| $1.43M | 0.92% |
32,500
| – | – |
2014 Q4
3 quarters
|
|
53
Ralph Lauren
RL
$22.4B
| $1.42M | 0.91% |
12,000
| – | – |
2015 Q1
2 quarters
|
|
54
General Motors
GM
$72.9B
| $1.37M | 0.89% |
45,750
| – | – |
2014 Q1
6 quarters
|
|
|
KBAL
55
DELISTED
Kimball International
KBAL
| $1.37M | 0.88% |
145,000
| – | – |
2014 Q3
4 quarters
|
|
|
56
Mastercard
MA
$528B
| $1.35M | 0.87% |
15,000
-15,000
| -50% | -$1.41M |
2013 Q2
9 quarters
|
|
57
Apollo Global Management
APO
$67B
| $1.35M | 0.87% |
78,400
-1,600
| -2% | -$31.9K |
2015 Q1
2 quarters
|
|
58
Kohl's
KSS
$2.4B
| $1.32M | 0.85% |
28,600
| – | – |
2014 Q1
6 quarters
|
|
59
Rithm Capital
RITM
$4.66B
| $1.31M | 0.84% |
100,000
| – | – |
2013 Q2
9 quarters
|
|
60
Kimball Electronics
KE
$653M
| $1.3M | 0.84% |
108,750
| – | – |
2014 Q4
3 quarters
|
|
61
Deere & Co
DE
$175B
| $1.29M | 0.83% |
17,500
| – | – |
2013 Q4
7 quarters
|
|
62
Healthpeak Properties
DOC
$12.9B
| $1.28M | 0.83% |
37,881
| – | – |
2013 Q4
7 quarters
|
|
63
MSC Industrial Direct
MSM
$7.4B
| $1.28M | 0.83% |
21,000
| – | – |
2015 Q1
2 quarters
|
|
|
MON
64
DELISTED
Monsanto Co
MON
| $1.28M | 0.83% |
15,000
| – | – |
2014 Q4
3 quarters
|
|
65
Campbell Soup
CPB
$5.7B
| $1.27M | 0.82% |
25,000
| – | – |
2013 Q2
9 quarters
|
|
|
WBK
66
DELISTED
Westpac Banking Corporation
WBK
| $1.26M | 0.81% |
60,000
| – | – |
2013 Q4
7 quarters
|
|
67
SPDR Gold Trust
GLD
$139B
| $1.24M | 0.8% |
11,600
| – | – |
2013 Q2
9 quarters
|
|
68
Invesco
IVZ
$12.3B
| $1.22M | 0.79% |
39,000
| – | – |
2015 Q1
2 quarters
|
|
69
Emerson Electric
EMR
$89.9B
| $1.19M | 0.77% |
27,000
| – | – |
2015 Q1
2 quarters
|
|
70
Pfizer
PFE
$166B
| $1.19M | 0.77% |
39,972
| – | – |
2013 Q2
9 quarters
|
|
|
WDR
71
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $1.15M | 0.74% |
33,000
| – | – |
2014 Q4
3 quarters
|
|
72
Norfolk Southern
NSC
$72.7B
| $1.15M | 0.74% |
15,000
| – | – |
2013 Q2
9 quarters
|
|
73
Tapestry
TPR
$22.8B
| $1.13M | 0.73% |
39,000
| – | – |
2013 Q4
7 quarters
|
|
74
Rogers Communications
RCI
$16.8B
| $1.12M | 0.72% |
32,500
| – | – |
2013 Q4
7 quarters
|
|
75
Las Vegas Sands
LVS
$24B
| $1.1M | 0.71% |
29,000
| – | – |
2014 Q4
3 quarters
|
|
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Midas Management's Q3 2015 Portfolio in Review
As of Q3 2015, Midas Management held 127 positions worth $155M, down 17% from $186M the previous quarter. Its ten largest holdings account for 19% of the portfolio.
Midas Management withdrew a net $12M in Q3 2015, closing 6 positions and reducing 8 holdings. Its most notable exit was Juniper Networks, an estimated $2.36M position sold in full.
By sector, the portfolio is most concentrated in Financials at 21% of assets, down from 21% a quarter earlier, followed by Healthcare and Industrials.
Against the trend, Midas Management opened a new position in BAXALTA INC COM STK (DE) worth $851K.
- Midas Management's largest Q3 2015 buy was BAXALTA INC COM STK (DE): 27,000 shares worth $851K.
- Midas Management added most to Alamos Gold in Q3 2015, an estimated $501K increase.
- Midas Management's biggest Q3 2015 reduction was Mastercard, cutting an estimated $1.41M.
- Midas Management fully exited Juniper Networks in Q3 2015, selling an estimated $2.36M.
- Midas Management's ten largest holdings make up 19% of its $155M portfolio in Q3 2015.
- Midas Management opened 2 new positions and closed 6 in Q3 2015.
- Midas Management's portfolio value fell 17% quarter-over-quarter to $155M.
Based on Midas Management's 13F filing for Q3 2015, filed 19 Oct 2015.