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
+2.49%
1 Year Est. Return
+7.96%
3 Year Est. Return
+43.27%
5 Year Est. Return
+41.1%
10 Year Est. Return
–
AUM
$176M
AUM Growth
-$16.3M
(-8.5%)
Cap. Flow
-$16.6M
Cap. Flow
% of AUM
-9.43%
Top 10 Holdings %
Top 10 Hldgs %
17.49%
Holding
183
New
15
Increased
3
Reduced
13
Closed
32
Avg Time Held
1.3
years
Top 10 Avg Time Held
1
year
Top 20 Avg Time Held
0.9
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ubiquiti
UI
|
+$1.74M |
| 2 |
Transocean
RIG
|
+$1.4M |
| 3 |
CS
Credit Suisse Group
CS
|
+$1.24M |
| 4 |
Itaú Unibanco
ITUB
|
+$1.22M |
| 5 |
Banco Bilbao Vizcaya Argentaria
BBVA
|
+$1.21M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Honeywell
HON
|
+$2.8M |
| 2 |
McDonald's
MCD
|
+$2.7M |
| 3 |
Wells Fargo
WFC
|
+$2.03M |
| 4 |
McCormick & Company Non-Voting
MKC
|
+$1.99M |
| 5 |
Tanger
SKT
|
+$1.97M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 25.91% |
| 2 | Industrials | 12.84% |
| 3 | Materials | 12.73% |
| 4 | Technology | 10.99% |
| 5 | Consumer Discretionary | 10.11% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
51
Rogers Communications
RCI
$16.8B
| $1.31M | 0.74% |
32,500
| – | – |
2013 Q4
10 quarters
|
|
|
POT
52
DELISTED
Potash Corp Of Saskatchewan
POT
| $1.3M | 0.74% |
80,000
| – | – |
2013 Q4
10 quarters
|
|
53
General Motors
GM
$72.9B
| $1.29M | 0.73% |
45,750
| – | – |
2014 Q1
9 quarters
|
|
54
DELISTED
Praxair Inc
PX
| $1.29M | 0.73% |
11,500
-3,000
| -21% | -$340K |
2016 Q1
1 quarter
|
|
55
Capital One
COF
$119B
| $1.28M | 0.73% |
20,200
| – | – |
2014 Q1
9 quarters
|
|
56
Norfolk Southern
NSC
$72.7B
| $1.28M | 0.72% |
15,000
| – | – |
2013 Q2
12 quarters
|
|
57
T. Rowe Price
TROW
$21.3B
| $1.28M | 0.72% |
17,500
| – | – |
2015 Q4
2 quarters
|
|
58
Assured Guaranty
AGO
$3.03B
| $1.27M | 0.72% |
50,000
| – | – |
2015 Q4
2 quarters
|
|
59
Las Vegas Sands
LVS
$24B
| $1.26M | 0.71% |
29,000
| – | – |
2014 Q4
6 quarters
|
|
|
SEP
60
DELISTED
Spectra Engy Parters Lp
SEP
| $1.25M | 0.71% |
26,400
| – | – |
2016 Q1
1 quarter
|
|
61
Verizon
VZ
$185B
| $1.23M | 0.7% |
22,000
| – | – |
2016 Q1
1 quarter
|
|
62
Franklin Templeton
BEN
$15.5B
| $1.22M | 0.69% |
36,700
| – | – |
2014 Q3
7 quarters
|
|
63
Deluxe
DLX
$1.04B
| $1.2M | 0.68% |
18,000
| – | – |
2016 Q1
1 quarter
|
|
64
Scotiabank
BNS
$110B
| $1.19M | 0.67% |
24,300
-535
| -2% | -$26.3K |
2016 Q1
1 quarter
|
|
65
Rockwell Automation
ROK
$47B
| $1.18M | 0.67% |
10,300
| – | – |
2016 Q1
1 quarter
|
|
66
DELISTED
Discover Financial Services
DFS
| $1.18M | 0.67% |
22,000
| – | – |
2016 Q1
1 quarter
|
|
67
Lam Research
LRCX
$359B
| $1.18M | 0.67% |
140,000
| – | – |
2016 Q1
1 quarter
|
|
68
Enterprise Products Partners
EPD
$77.3B
| $1.17M | 0.66% |
40,000
| – | – |
2013 Q2
12 quarters
|
|
69
HSBC
HSBC
$321B
| $1.16M | 0.66% |
41,640
+29,126
| +233% | +$824K |
2016 Q1
1 quarter
|
|
70
Texas Instruments
TXN
$256B
| $1.16M | 0.66% |
18,500
| – | – |
2016 Q1
1 quarter
|
|
71
Omnicom Group
OMC
$21.5B
| $1.11M | 0.63% |
13,625
| – | – |
2015 Q4
2 quarters
|
|
72
Ameriprise Financial
AMP
$43.8B
| $1.11M | 0.63% |
12,300
| – | – |
2015 Q4
2 quarters
|
|
73
Union Pacific
UNP
$170B
| $1.1M | 0.63% |
12,650
| – | – |
2015 Q4
2 quarters
|
|
|
DST
74
DELISTED
DST Systems Inc.
DST
| $1.1M | 0.62% |
18,900
| – | – |
2016 Q1
1 quarter
|
|
75
Kohl's
KSS
$2.4B
| $1.08M | 0.61% |
28,600
| – | – |
2014 Q1
9 quarters
|
|
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Midas Management's Q2 2016 Portfolio in Review
As of Q2 2016, Midas Management held 183 positions worth $176M, down 8.5% from $193M the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Midas Management withdrew a net $16.6M in Q2 2016, closing 32 positions and reducing 13 holdings. Its most notable exit was Honeywell, an estimated $2.8M position sold in full.
By sector, the portfolio is most concentrated in Financials at 26% of assets, up from 20% a quarter earlier, followed by Industrials and Materials.
Against the trend, Midas Management opened a new position in Ubiquiti worth $1.81M.
- Midas Management's largest Q2 2016 buy was Ubiquiti: 46,950 shares worth $1.81M.
- Midas Management added most to Robert Half in Q2 2016, an estimated $879K increase.
- Midas Management's biggest Q2 2016 reduction was Kimball Electronics, cutting an estimated $753K.
- Midas Management fully exited Honeywell in Q2 2016, selling an estimated $2.8M.
- Midas Management's ten largest holdings make up 17% of its $176M portfolio in Q2 2016.
- Midas Management opened 15 new positions and closed 32 in Q2 2016.
- Midas Management's portfolio value fell 8.5% quarter-over-quarter to $176M.
Based on Midas Management's 13F filing for Q2 2016, filed 28 Jul 2016.