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 | |
|---|---|---|---|---|---|---|---|
|
76
Banco Bilbao Vizcaya Argentaria
BBVA
$142B
| $1.08M | 0.61% |
+191,889
| New | +$1.21M |
2016 Q2
0 quarters
|
|
77
Eaton
ETN
$159B
| $1.07M | 0.61% |
18,000
| – | – |
2016 Q1
1 quarter
|
|
78
Cencora
COR
$64.2B
| $1.07M | 0.61% |
+13,500
| New | +$1.08M |
2016 Q2
0 quarters
|
|
79
Qualcomm
QCOM
$184B
| $1.07M | 0.61% |
20,000
| – | – |
2013 Q2
12 quarters
|
|
|
GG
80
DELISTED
Goldcorp Inc
GG
| $1.05M | 0.6% |
55,000
| – | – |
2013 Q2
12 quarters
|
|
81
Intel
INTC
$519B
| $1.05M | 0.6% |
32,000
| – | – |
2016 Q1
1 quarter
|
|
82
Gilead Sciences
GILD
$190B
| $1.05M | 0.59% |
12,570
| – | – |
2015 Q4
2 quarters
|
|
83
Flowserve
FLS
$8.92B
| $1.04M | 0.59% |
23,000
| – | – |
2016 Q1
1 quarter
|
|
84
ING
ING
$94.6B
| $1.03M | 0.58% |
+99,500
| New | +$1.18M |
2016 Q2
0 quarters
|
|
85
Banco Santander
SAN
$194B
| $1.02M | 0.58% |
+271,617
| New | +$1.18M |
2016 Q2
0 quarters
|
|
86
Cal-Maine
CALM
$2.95B
| $1.02M | 0.58% |
23,000
| – | – |
2015 Q4
2 quarters
|
|
87
Eldorado Gold
EGO
$8.98B
| $1.01M | 0.57% |
45,000
| – | – |
2013 Q2
12 quarters
|
|
88
H&R Block
HRB
$5.64B
| $1.01M | 0.57% |
+43,900
| New | +$976K |
2016 Q2
0 quarters
|
|
89
DELISTED
Aviva Plc
AV
| $1M | 0.57% |
+94,000
| New | +$1.17M |
2016 Q2
0 quarters
|
|
90
Invesco
IVZ
$12.3B
| $996K | 0.56% |
39,000
| – | – |
2015 Q1
5 quarters
|
|
91
AngloGold Ashanti
AU
$44.9B
| $993K | 0.56% |
55,000
| – | – |
2013 Q2
12 quarters
|
|
92
Hexcel
HXL
$6.64B
| $979K | 0.55% |
23,500
| – | – |
2016 Q1
1 quarter
|
|
|
CS
93
DELISTED
Credit Suisse Group
CS
| $975K | 0.55% |
+91,100
| New | +$1.24M |
2016 Q2
0 quarters
|
|
94
Deutsche Bank
DB
$61.6B
| $960K | 0.54% |
+78,400
| New | +$1.18M |
2016 Q2
0 quarters
|
|
95
Skyworks Solutions
SWKS
$18.1B
| $949K | 0.54% |
15,000
| – | – |
2016 Q1
1 quarter
|
|
96
Dover
DOV
$26B
| $936K | 0.53% |
16,713
| – | – |
2013 Q2
12 quarters
|
|
97
The Gap Inc
GAP
$7.96B
| $925K | 0.52% |
43,600
-7,750
| -15% | -$165K |
2014 Q4
6 quarters
|
|
98
Carter's
CRI
$1.16B
| $884K | 0.5% |
8,300
| – | – |
2015 Q4
2 quarters
|
|
99
Methode Electronics
MEI
$508M
| $856K | 0.49% |
25,000
| – | – |
2016 Q1
1 quarter
|
|
100
Lloyds Banking Group
LYG
$78.4B
| $855K | 0.48% |
+287,800
| New | +$1.13M |
2016 Q2
0 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.