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Midas Management Portfolio holdings

AUM $231M
1-Year Est. Return 7.96%
This Fund
S&P 500
This Quarter Est. Return
+4.9%
1 Year Est. Return
+7.96%
3 Year Est. Return
+43.27%
5 Year Est. Return
+41.1%
10 Year Est. Return
–
AUM
$231M
AUM Growth
-$3.56M
Cap. Flow
-$12.3M
Cap. Flow %
-5.32%
Top 10 Hldgs %
19.85%
Holding
122
New
6
Increased
4
Reduced
2
Closed
13

Top Buys

1
CMI icon
Cummins
CMI
+$2.82M
2
CE icon
Celanese
CE
+$2.49M
3
VVV icon
Valvoline
VVV
+$2.36M
4
TPR icon
Tapestry
TPR
+$1.87M
5
HCC icon
Warrior Met Coal
HCC
+$812K

Top Sells

1
SBGI icon
Sinclair Inc
SBGI
+$3.66M
2
WBC
WABCO HOLDINGS INC.
WBC
+$2.89M
3
CNS icon
Cohen & Steers
CNS
+$2.75M
4
SAFM
Sanderson Farms Inc
SAFM
+$2.7M
5
BIG
Big Lots, Inc.
BIG
+$2.09M

Sector Composition

1 Industrials 19.7%
2 Financials 16.69%
3 Consumer Discretionary 14.87%
4 Technology 13.55%
5 Materials 9.76%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AGI icon
76
Alamos Gold
AGI
$11.9B
$1.36M 0.59%
225,000
– –
CAH icon
77
Cardinal Health
CAH
$53.5B
$1.27M 0.55%
27,000
– –
THO icon
78
Thor Industries
THO
$3.97B
$1.24M 0.54%
21,200
-2,200
-9% -$133K
EPD icon
79
Enterprise Products Partners
EPD
$82.6B
$1.16M 0.5%
40,000
– –
SSRM icon
80
SSR Mining
SSRM
$5.31B
$1.09M 0.47%
80,000
– –
HII icon
81
Huntington Ingalls Industries
HII
$10.6B
$1.06M 0.46%
4,700
– –
ENB icon
82
Enbridge
ENB
$124B
$978K 0.42%
27,108
– –
SKT icon
83
Tanger
SKT
$4.8B
$912K 0.4%
56,250
– –
JNJ icon
84
Johnson & Johnson
JNJ
$609B
$877K 0.38%
6,300
– –
RIO icon
85
Rio Tinto
RIO
$147B
$873K 0.38%
14,000
– –
FNV icon
86
Franco-Nevada
FNV
$38.7B
$849K 0.37%
10,000
– –
BTG icon
87
B2Gold
BTG
$4.89B
$833K 0.36%
275,000
– –
JPM icon
88
JPMorgan Chase
JPM
$907B
$760K 0.33%
6,800
– –
HCC icon
89
Warrior Met Coal
HCC
$4.17B
$744K 0.32%
+28,500
New +$812K
KL
90
DELISTED
Kirkland Lake Gold Ltd Ordinary
KL
$622K 0.27%
14,500
– –
RGLD icon
91
Royal Gold
RGLD
$16.1B
$543K 0.24%
5,300
– –
ESNT icon
92
Essent Group
ESNT
$6.15B
$540K 0.23%
11,500
– –
PVG
93
DELISTED
PRETIUM RESOURCES INC.
PVG
$501K 0.22%
50,000
– –
MIK
94
DELISTED
Michaels Stores, Inc
MIK
$473K 0.21%
54,400
– –
MMI icon
95
Marcus & Millichap
MMI
$1.18B
$463K 0.2%
15,000
– –
AEIS icon
96
Advanced Energy
AEIS
$11.4B
$433K 0.19%
7,700
– –
MTX icon
97
Minerals Technologies
MTX
$2.32B
$428K 0.19%
8,000
– –
SLV icon
98
iShares Silver Trust
SLV
$27.1B
$353K 0.15%
24,643
– –
BIIB icon
99
Biogen
BIIB
$30.4B
$327K 0.14%
1,400
– –
CHKP icon
100
Check Point Software Technologies
CHKP
$14.3B
$266K 0.12%
2,300
– –
1 2 3
4
5

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MC
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BLA
Balter Liquid Alternatives Boston, Massachusetts $205M AUM 2.95% 1-Year Est. Return
HI
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FAM
Foresters Asset Management Toronto, Ontario, Canada $195M AUM 9.74% 1-Year Est. Return
PSG
Planning Solutions Group Fulton, Maryland $194M AUM
ACM
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SC
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SFPIA
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Midas Management's Q2 2019 Portfolio in Review

As of Q2 2019, Midas Management held 122 positions worth $231M, down 1.5% from $234M the previous quarter. Its ten largest holdings account for 20% of the portfolio.

Midas Management withdrew a net $12.3M in Q2 2019, closing 13 positions and reducing 2 holdings. Its most notable exit was Sinclair Inc, an estimated $3.66M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 20% of assets, up from 18% a quarter earlier, followed by Financials and Consumer Discretionary.

Against the trend, Midas Management opened a new position in Cummins worth $2.96M.

  • Midas Management's largest Q2 2019 buy was Cummins: 17,250 shares worth $2.96M.
  • Midas Management added most to LyondellBasell Industries in Q2 2019, an estimated $640K increase.
  • Midas Management's biggest Q2 2019 reduction was Thor Industries, cutting an estimated $133K.
  • Midas Management fully exited Sinclair Inc in Q2 2019, selling an estimated $3.66M.
  • Midas Management's ten largest holdings make up 20% of its $231M portfolio in Q2 2019.
  • Midas Management opened 6 new positions and closed 13 in Q2 2019.
  • Midas Management's portfolio value fell 1.5% quarter-over-quarter to $231M.

Based on Midas Management's 13F filing for Q2 2019, filed 9 Jul 2019.