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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
IPGP icon
101
IPG Photonics
IPGP
$4.43B
$231K 0.1%
1,500
– –
OR icon
102
OR Royalties Inc
OR
$5.31B
$183K 0.08%
17,500
– –
LGIH icon
103
LGI Homes
LGIH
$1.36B
$182K 0.08%
2,550
– –
DEX
104
DELISTED
DELAWARE ENHANCED GLOBAL DIVIDEND & INCOME FUND
DEX
$158K 0.07%
16,000
– –
SAND
105
DELISTED
Sandstorm Gold
SAND
$150K 0.07%
27,000
– –
WPM icon
106
Wheaton Precious Metals
WPM
$47.3B
$145K 0.06%
6,000
– –
MMX
107
DELISTED
Maverix Metals Inc. Common Shares
MMX
$106K 0.05%
+23,900
New +$105K
HNNA icon
108
Hennessy Advisors
HNNA
$78.9M
$44K 0.02%
4,500
– –
PVL
109
Permianville Royalty Trust
PVL
$57.1M
$21K 0.01%
8,000
– –
AMG icon
110
Affiliated Managers Group
AMG
$9.77B
– –
-17,200
Closed -$1.84M
CNS icon
111
Cohen & Steers
CNS
$4.35B
– –
-65,000
Closed -$2.75M
DHC
112
Diversified Healthcare Trust
DHC
$2.22B
– –
-65,000
Closed -$766K
DHIL
113
DELISTED
Diamond Hill
DHIL
– –
-5,392
Closed -$755K
MATV icon
114
Mativ Holdings
MATV
$442M
– –
-33,343
Closed -$1.29M
MCK icon
115
McKesson
MCK
$98.5B
– –
-11,365
Closed -$1.33M
PBH icon
116
Prestige Consumer Healthcare
PBH
$2.36B
– –
-52,000
Closed -$1.55M
SBGI icon
117
Sinclair Inc
SBGI
$997M
– –
-95,000
Closed -$3.66M
VLO icon
118
Valero Energy
VLO
$91.9B
– –
-19,325
Closed -$1.64M
WOR icon
119
Worthington Enterprises
WOR
$2.75B
– –
-52,715
Closed -$1.21M
BIG
120
DELISTED
Big Lots, Inc.
BIG
– –
-55,000
Closed -$2.09M
SAFM
121
DELISTED
Sanderson Farms Inc
SAFM
– –
-20,500
Closed -$2.7M
WBC
122
DELISTED
WABCO HOLDINGS INC.
WBC
– –
-21,900
Closed -$2.89M
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
Honeywell International Charlotte, North Carolina $258M AUM 6.33% 1-Year Est. Return
FAM
Foresters Asset Management Toronto, Ontario, Canada $195M AUM 9.74% 1-Year Est. Return
PSG
Planning Solutions Group Fulton, Maryland $194M AUM
ACM
Ailanthus Capital Management New York $194M AUM 2.54% 1-Year Est. Return
SC
Sageview Capital Greenwich, Connecticut $177M AUM 36.56% 1-Year Est. Return
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.