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
+5.52%
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
-$60.4M
(-28%)
Cap. Flow
-$67M
Cap. Flow
% of AUM
-43.23%
Top 10 Holdings %
Top 10 Hldgs %
18.45%
Holding
162
New
9
Increased
2
Reduced
19
Closed
57
Avg Time Held
0.8
years
Top 10 Avg Time Held
0.4
years
Top 20 Avg Time Held
0.3
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
NRF
NorthStar Realty Finance Corp.
NRF
|
+$1.92M |
| 2 |
Occidental Petroleum
OXY
|
+$1.16M |
| 3 |
Extra Space Storage
EXR
|
+$1.03M |
| 4 |
LSI
Life Storage, Inc.
LSI
|
+$911K |
| 5 |
CubeSmart
CUBE
|
+$728K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Intel
INTC
|
+$3.1M |
| 2 |
Canadian Natural Resources
CNQ
|
+$2.88M |
| 3 |
Compañía de Minas Buenaventura
BVN
|
+$2.8M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$2.56M |
| 5 |
IBM
IBM
|
+$2.25M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 14.26% |
| 2 | Industrials | 11.91% |
| 3 | Materials | 11.9% |
| 4 | Financials | 11.83% |
| 5 | Healthcare | 11.57% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
76
Alamos Gold
AGI
$12.8B
| $1.08M | 0.7% |
100,000
| – | – |
2013 Q2
4 quarters
|
|
|
77
Extra Space Storage
EXR
$28.3B
| $1.06M | 0.69% |
+20,000
| New | +$1.03M |
2014 Q2
0 quarters
|
|
78
Santander
BSBR
$41.9B
| $1.03M | 0.67% |
155,556
| – | – |
2014 Q1
1 quarter
|
|
79
Tapestry
TPR
$22.8B
| $1.03M | 0.66% |
30,000
-9,000
| -23% | -$386K |
2013 Q4
2 quarters
|
|
80
Agnico Eagle Mines
AEM
$89.6B
| $985K | 0.64% |
25,712
+12,712
| +98% | +$406K |
2013 Q3
3 quarters
|
|
81
Mattel
MAT
$4.76B
| $974K | 0.63% |
25,000
| – | – |
2013 Q2
4 quarters
|
|
82
Eldorado Gold
EGO
$8.98B
| $955K | 0.62% |
25,000
| – | – |
2013 Q2
4 quarters
|
|
83
ConocoPhillips
COP
$171B
| $943K | 0.61% |
11,000
| – | – |
2013 Q2
4 quarters
|
|
84
Suncor Energy
SU
$88.8B
| $929K | 0.6% |
21,800
| – | – |
2014 Q1
1 quarter
|
|
85
Target
TGT
$70.6B
| $927K | 0.6% |
16,000
| – | – |
2013 Q2
4 quarters
|
|
|
LSI
86
DELISTED
Life Storage, Inc.
LSI
| $927K | 0.6% |
+18,000
| New | +$911K |
2014 Q2
0 quarters
|
|
87
Entergy
ETR
$49.9B
| $903K | 0.58% |
22,000
| – | – |
2013 Q2
4 quarters
|
|
88
Carnival Corporation Ltd
CCL
$34.9B
| $896K | 0.58% |
23,800
| – | – |
2013 Q2
4 quarters
|
|
89
Philip Morris
PM
$320B
| $843K | 0.54% |
10,000
| – | – |
2013 Q2
4 quarters
|
|
90
Qualcomm
QCOM
$184B
| $792K | 0.51% |
10,000
| – | – |
2013 Q2
4 quarters
|
|
|
DCM
91
DELISTED
NTT DOCOMO, Inc.
DCM
| $779K | 0.5% |
45,600
| – | – |
2014 Q1
1 quarter
|
|
|
92
CubeSmart
CUBE
$8.49B
| $733K | 0.47% |
+40,000
| New | +$728K |
2014 Q2
0 quarters
|
|
93
Kilroy Realty
KRC
$3.87B
| $685K | 0.44% |
+11,000
| New | +$664K |
2014 Q2
0 quarters
|
|
94
FirstEnergy
FE
$26.3B
| $646K | 0.42% |
18,600
| – | – |
2013 Q2
4 quarters
|
|
95
Kimco Realty
KIM
$15B
| $620K | 0.4% |
+27,000
| New | +$613K |
2014 Q2
0 quarters
|
|
96
AngloGold Ashanti
AU
$44.9B
| $516K | 0.33% |
30,000
| – | – |
2013 Q2
4 quarters
|
|
97
iShares Silver Trust
SLV
$27B
| $499K | 0.32% |
24,643
| – | – |
2013 Q2
4 quarters
|
|
|
CLD
98
DELISTED
Cloud Peak Energy Inc
CLD
| $461K | 0.3% |
25,000
| – | – |
2013 Q4
2 quarters
|
|
99
Northern Dynasty Minerals
NAK
$532M
| $419K | 0.27% |
500,000
| – | – |
2013 Q2
4 quarters
|
|
|
100
DELISTED
CubeSmart
CUBE.PRA
| $395K | 0.25% |
+15,000
| New | +$398K |
2014 Q2
0 quarters
|
|
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Midas Management's Q2 2014 Portfolio in Review
As of Q2 2014, Midas Management held 162 positions worth $155M, down 28% from $215M the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Midas Management withdrew a net $67M in Q2 2014, closing 57 positions and reducing 19 holdings. Its most notable exit was Intel, an estimated $3.1M position sold in full.
By sector, the portfolio is most concentrated in Energy at 14% of assets, up from 14% a quarter earlier, followed by Industrials and Materials.
Against the trend, Midas Management opened a new position in NorthStar Realty Finance Corp. worth $2.09M.
- Midas Management's largest Q2 2014 buy was NorthStar Realty Finance Corp.: 61,110 shares worth $2.09M.
- Midas Management added most to Occidental Petroleum in Q2 2014, an estimated $1.16M increase.
- Midas Management's biggest Q2 2014 reduction was JPMorgan Chase, cutting an estimated $2.07M.
- Midas Management fully exited Intel in Q2 2014, selling an estimated $3.1M.
- Midas Management's ten largest holdings make up 18% of its $155M portfolio in Q2 2014.
- Midas Management opened 9 new positions and closed 57 in Q2 2014.
- Midas Management's portfolio value fell 28% quarter-over-quarter to $155M.
Based on Midas Management's 13F filing for Q2 2014, filed 14 Aug 2014.