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 | |
|---|---|---|---|---|---|---|---|
101
DELISTED
Realty Income Corporation
O.PRF.CL
| $392K | 0.25% |
+15,000
| New | +$383K |
2014 Q2
0 quarters
|
|
|
AUY
102
DELISTED
Yamana Gold, Inc.
AUY
| $381K | 0.25% |
46,324
-218,676
| -83% | -$1.72M |
2013 Q3
3 quarters
|
|
103
DELISTED
Chesapeake Energy Corporation
CHK
| $311K | 0.2% |
53
| – | – |
2013 Q2
4 quarters
|
|
|
UPL
104
DELISTED
Ultra Petroleum Corp. Common Stock
UPL
| $297K | 0.19% |
10,000
| – | – |
2013 Q4
2 quarters
|
|
105
Abbott
ABT
$178B
| – | – |
-50,000
| Closed | -$1.93M | – |
|
106
Accenture
ACN
$132B
| – | – |
-5,300
| Closed | -$423K | – |
|
107
Automatic Data Processing
ADP
$111B
| – | – |
-3,417
| Closed | -$232K | – |
|
108
AGCO
AGCO
$7.48B
| – | – |
-25,000
| Closed | -$1.38M | – |
|
109
Amazon
AMZN
$2.74T
| – | – |
-30,000
| Closed | -$505K | – |
|
110
abrdn Total Dynamic Dividend Fund
AOD
$1.06B
| – | – |
-200,000
| Closed | -$1.68M | – |
|
111
DELISTED
AvalonBay Communities
AVB
| – | – |
-2,250
| Closed | -$295K | – |
|
112
AstraZeneca
AZN
$251B
| – | – |
-8,000
| Closed | -$519K | – |
|
113
Banco Bradesco
BBD
$43.8B
| – | – |
-27,141
| Closed | -$145K | – |
|
114
Franklin Templeton
BEN
$15.5B
| – | – |
-15,000
| Closed | -$813K | – |
|
|
115
Compañía de Minas Buenaventura
BVN
$7.75B
| – | – |
-222,500
| Closed | -$2.8M | – |
|
116
C.H. Robinson
CHRW
$16.3B
| – | – |
-31,150
| Closed | -$1.63M | – |
|
117
Cleveland-Cliffs
CLF
$7.18B
| – | – |
-25,000
| Closed | -$512K | – |
|
|
118
Canadian Natural Resources
CNQ
$107B
| – | – |
-155,141
| Closed | -$2.88M | – |
|
119
Ecolab
ECL
$80.7B
| – | – |
-5,100
| Closed | -$551K | – |
|
120
Allspring Global Dividend Opportunity Fund
EOD
$270M
| – | – |
-90,669
| Closed | -$714K | – |
|
121
Equinor
EQNR
$107B
| – | – |
-62,500
| Closed | -$1.76M | – |
|
122
First American
FAF
$6.34B
| – | – |
-65,000
| Closed | -$1.73M | – |
|
123
Fidelity National Financial
FNF
$10.5B
| – | – |
-20,136
| Closed | -$361K | – |
|
124
Franco-Nevada
FNV
$45.3B
| – | – |
-8,700
| Closed | -$399K | – |
|
125
Gold Fields
GFI
$31.7B
| – | – |
-62,000
| Closed | -$229K | – |
|
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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.