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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
-1.8%
1 Year Est. Return
+7.96%
3 Year Est. Return
+43.27%
5 Year Est. Return
+41.1%
10 Year Est. Return
–
AUM
$186M
AUM Growth
-$14.7M
(-7.3%)
Cap. Flow
-$10.1M
Cap. Flow
% of AUM
-5.43%
Top 10 Holdings %
Top 10 Hldgs %
17.29%
Holding
134
New
2
Increased
–
Reduced
5
Closed
9
Avg Time Held
1.2
years
Top 10 Avg Time Held
1.1
years
Top 20 Avg Time Held
1
year
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Minerals Technologies
MTX
|
+$556K |
| 2 |
Melco Resorts & Entertainment
MLCO
|
+$412K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Enbridge
ENB
|
+$2.33M |
| 2 |
PG&E
PCG
|
+$1.86M |
| 3 |
Vodafone
VOD
|
+$1.47M |
| 4 |
Telefonica
TEF
|
+$1.44M |
| 5 |
NRF
NorthStar Realty Finance Corp.
NRF
|
+$1.18M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 20.95% |
| 2 | Healthcare | 13.57% |
| 3 | Industrials | 12.14% |
| 4 | Consumer Discretionary | 9.49% |
| 5 | Materials | 9.23% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
76
JPMorgan Chase
JPM
$886B
| $1.31M | 0.71% |
19,400
| – | – |
2013 Q2
8 quarters
|
|
77
Norfolk Southern
NSC
$73.3B
| $1.31M | 0.71% |
15,000
| – | – |
2013 Q2
8 quarters
|
|
78
SPDR Gold Trust
GLD
$141B
| $1.3M | 0.7% |
11,600
-1,850
| -14% | -$212K |
2013 Q2
8 quarters
|
|
79
Pfizer
PFE
$169B
| $1.27M | 0.68% |
39,972
| – | – |
2013 Q2
8 quarters
|
|
80
Lumen Technologies, Inc. Common Stock
LUMN
$4.63B
| $1.26M | 0.68% |
43,000
| – | – |
2013 Q2
8 quarters
|
|
|
CPN
81
DELISTED
Calpine Corporation
CPN
| $1.26M | 0.68% |
70,000
| – | – |
2014 Q4
2 quarters
|
|
82
Healthpeak Properties
DOC
$13.1B
| $1.26M | 0.68% |
37,881
| – | – |
2013 Q4
6 quarters
|
|
83
Qualcomm
QCOM
$188B
| $1.25M | 0.67% |
20,000
| – | – |
2013 Q2
8 quarters
|
|
84
Alphabet (Google) Class C
GOOG
$4.22T
| $1.24M | 0.67% |
46,000
-126
| -0.3% | -$3.38K |
2014 Q3
3 quarters
|
|
85
DELISTED
DigitalBridge
DBRG
| $1.2M | 0.65% |
16,250
| – | – |
2014 Q3
3 quarters
|
|
86
Enterprise Products Partners
EPD
$76.7B
| $1.2M | 0.64% |
40,000
| – | – |
2013 Q2
8 quarters
|
|
87
Campbell Soup
CPB
$6B
| $1.19M | 0.64% |
25,000
| – | – |
2013 Q2
8 quarters
|
|
88
Carnival Corporation Ltd
CCL
$34.8B
| $1.18M | 0.63% |
23,800
| – | – |
2013 Q2
8 quarters
|
|
89
Rogers Communications
RCI
$17.1B
| $1.16M | 0.62% |
32,500
| – | – |
2013 Q4
6 quarters
|
|
90
DELISTED
Randgold Resources Ltd
GOLD
| $1M | 0.54% |
15,099
| – | – |
2014 Q3
3 quarters
|
|
|
JOY
91
DELISTED
Joy Global Inc
JOY
| $996K | 0.54% |
27,500
| – | – |
2013 Q4
6 quarters
|
|
92
Dover
DOV
$26.1B
| $947K | 0.51% |
16,713
| – | – |
2013 Q2
8 quarters
|
|
|
ATCO
93
DELISTED
Atlas Corp.
ATCO
| $944K | 0.51% |
50,000
| – | – |
2013 Q2
8 quarters
|
|
94
Rayonier Advanced Materials
RYAM
$475M
| $893K | 0.48% |
54,900
| – | – |
2014 Q3
3 quarters
|
|
|
GG
95
DELISTED
Goldcorp Inc
GG
| $891K | 0.48% |
55,000
| – | – |
2013 Q2
8 quarters
|
|
96
BHP
BHP
$206B
| $846K | 0.46% |
23,317
-1,282
| -5% | -$51.8K |
2013 Q2
8 quarters
|
|
97
Franklin Templeton
BEN
$15.3B
| $735K | 0.4% |
15,000
| – | – |
2014 Q3
3 quarters
|
|
98
Agnico Eagle Mines
AEM
$91.2B
| $729K | 0.39% |
25,712
| – | – |
2013 Q3
7 quarters
|
|
99
Newmont
NEM
$118B
| $725K | 0.39% |
31,050
-18,950
| -38% | -$474K |
2013 Q2
8 quarters
|
|
|
LNCO
100
DELISTED
LINNCO LLC COM SHS REPSTG LTD LIABILITY
LNCO
| $709K | 0.38% |
75,000
| – | – |
2014 Q4
2 quarters
|
|
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Midas Management's Q2 2015 Portfolio in Review
As of Q2 2015, Midas Management held 134 positions worth $186M, down 7.3% from $200M the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Midas Management withdrew a net $10.1M in Q2 2015, closing 9 positions and reducing 5 holdings. Its most notable exit was Enbridge, an estimated $2.33M position sold in full.
By sector, the portfolio is most concentrated in Financials at 21% of assets, up from 20% a quarter earlier, followed by Healthcare and Industrials.
Against the trend, Midas Management opened a new position in Minerals Technologies worth $545K.
- Midas Management's largest Q2 2015 buy was Minerals Technologies: 8,000 shares worth $545K.
- Midas Management's biggest Q2 2015 reduction was Newmont, cutting an estimated $474K.
- Midas Management fully exited Enbridge in Q2 2015, selling an estimated $2.33M.
- Midas Management's ten largest holdings make up 17% of its $186M portfolio in Q2 2015.
- Midas Management opened 2 new positions and closed 9 in Q2 2015.
- Midas Management's portfolio value fell 7.3% quarter-over-quarter to $186M.
Based on Midas Management's 13F filing for Q2 2015, filed 3 Aug 2015.