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 | |
|---|---|---|---|---|---|---|---|
51
Rogers Communications
RCI
$16.8B
| $1.38M | 0.85% |
32,500
| – | – |
2013 Q4
11 quarters
|
|
52
Qualcomm
QCOM
$184B
| $1.37M | 0.84% |
20,000
| – | – |
2013 Q2
13 quarters
|
|
|
WBK
53
DELISTED
Westpac Banking Corporation
WBK
| $1.36M | 0.84% |
60,000
| – | – |
2013 Q4
11 quarters
|
|
54
Lam Research
LRCX
$359B
| $1.33M | 0.81% |
140,000
| – | – |
2016 Q1
2 quarters
|
|
|
POT
55
DELISTED
Potash Corp Of Saskatchewan
POT
| $1.31M | 0.8% |
80,000
| – | – |
2013 Q4
11 quarters
|
|
56
Franklin Templeton
BEN
$15.5B
| $1.3M | 0.8% |
36,700
| – | – |
2014 Q3
8 quarters
|
|
|
57
Johnson & Johnson
JNJ
$612B
| $1.3M | 0.8% |
11,000
-23,100
| -68% | -$2.8M |
2013 Q2
13 quarters
|
|
58
Texas Instruments
TXN
$256B
| $1.3M | 0.8% |
18,500
| – | – |
2016 Q1
2 quarters
|
|
59
Rockwell Automation
ROK
$47B
| $1.26M | 0.77% |
10,300
| – | – |
2016 Q1
2 quarters
|
|
60
Kohl's
KSS
$2.4B
| $1.25M | 0.77% |
28,600
| – | – |
2014 Q1
10 quarters
|
|
61
DELISTED
Discover Financial Services
DFS
| $1.24M | 0.76% |
22,000
| – | – |
2016 Q1
2 quarters
|
|
62
Union Pacific
UNP
$170B
| $1.23M | 0.76% |
12,650
| – | – |
2015 Q4
3 quarters
|
|
63
Invesco
IVZ
$12.3B
| $1.22M | 0.75% |
39,000
| – | – |
2015 Q1
6 quarters
|
|
64
Intel
INTC
$519B
| $1.21M | 0.74% |
32,000
| – | – |
2016 Q1
2 quarters
|
|
65
Deluxe
DLX
$1.04B
| $1.2M | 0.74% |
18,000
| – | – |
2016 Q1
2 quarters
|
|
66
Eaton
ETN
$159B
| $1.18M | 0.73% |
18,000
| – | – |
2016 Q1
2 quarters
|
|
67
T. Rowe Price
TROW
$21.3B
| $1.16M | 0.71% |
17,500
| – | – |
2015 Q4
3 quarters
|
|
68
Omnicom Group
OMC
$21.5B
| $1.16M | 0.71% |
13,625
| – | – |
2015 Q4
3 quarters
|
|
|
SEP
69
DELISTED
Spectra Engy Parters Lp
SEP
| $1.15M | 0.71% |
26,400
| – | – |
2016 Q1
2 quarters
|
|
70
Verizon
VZ
$185B
| $1.14M | 0.7% |
22,000
| – | – |
2016 Q1
2 quarters
|
|
|
DST
71
DELISTED
DST Systems Inc.
DST
| $1.11M | 0.68% |
18,900
| – | – |
2016 Q1
2 quarters
|
|
72
Flowserve
FLS
$8.92B
| $1.11M | 0.68% |
23,000
| – | – |
2016 Q1
2 quarters
|
|
73
Enterprise Products Partners
EPD
$77.3B
| $1.1M | 0.68% |
40,000
| – | – |
2013 Q2
13 quarters
|
|
74
Cencora
COR
$64.2B
| $1.09M | 0.67% |
13,500
| – | – |
2016 Q2
1 quarter
|
|
|
WNR
75
DELISTED
Western Refining Inc
WNR
| $1.06M | 0.65% |
40,000
| – | – |
2014 Q4
7 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.