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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 | |
|---|---|---|---|---|---|---|---|
101
Mattel
MAT
$4.76B
| $642K | 0.35% |
25,000
| – | – |
2013 Q2
8 quarters
|
|
102
Platinum Group Metals
PLG
$141M
| $600K | 0.32% |
15,000
| – | – |
2013 Q2
8 quarters
|
|
|
ESRX
103
DELISTED
Express Scripts Holding Company
ESRX
| $578K | 0.31% |
6,500
| – | – |
2014 Q3
3 quarters
|
|
104
Alamos Gold
AGI
$12.8B
| $566K | 0.3% |
100,000
| – | – |
2013 Q2
8 quarters
|
|
|
105
Minerals Technologies
MTX
$1.96B
| $545K | 0.29% |
+8,000
| New | +$556K |
2015 Q2
0 quarters
|
|
106
Eldorado Gold
EGO
$8.98B
| $518K | 0.28% |
25,000
| – | – |
2013 Q2
8 quarters
|
|
107
AngloGold Ashanti
AU
$44.9B
| $492K | 0.26% |
55,000
| – | – |
2013 Q2
8 quarters
|
|
108
Compañía de Minas Buenaventura
BVN
$7.75B
| $467K | 0.25% |
45,000
| – | – |
2014 Q3
3 quarters
|
|
|
109
Melco Resorts & Entertainment
MLCO
$1.6B
| $393K | 0.21% |
+20,000
| New | +$412K |
2015 Q2
0 quarters
|
|
110
iShares Silver Trust
SLV
$27B
| $370K | 0.2% |
24,643
| – | – |
2013 Q2
8 quarters
|
|
|
AUY
111
DELISTED
Yamana Gold, Inc.
AUY
| $345K | 0.19% |
115,000
| – | – |
2013 Q3
7 quarters
|
|
|
NGD
112
DELISTED
New Gold Inc
NGD
| $336K | 0.18% |
125,000
| – | – |
2014 Q3
3 quarters
|
|
113
B2Gold
BTG
$6.59B
| $306K | 0.16% |
200,000
| – | – |
2013 Q2
8 quarters
|
|
|
TFCFA
114
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $241K | 0.13% |
7,400
| – | – |
2014 Q4
2 quarters
|
|
|
SYT
115
DELISTED
Syngenta Ag
SYT
| $219K | 0.12% |
2,678
| – | – |
2014 Q3
3 quarters
|
|
116
Myriad Genetics
MYGN
$397M
| $204K | 0.11% |
6,000
| – | – |
2014 Q3
3 quarters
|
|
117
Northern Dynasty Minerals
NAK
$532M
| $170K | 0.09% |
500,000
| – | – |
2013 Q2
8 quarters
|
|
118
First Trust US Equity Opportunities ETF
FPX
$1.4B
| $158K | 0.09% |
2,900
| – | – |
2014 Q4
2 quarters
|
|
119
Nucor
NUE
$58.3B
| $155K | 0.08% |
3,519
| – | – |
2014 Q3
3 quarters
|
|
120
Invesco BuyBack Achievers ETF
PKW
$1.71B
| $148K | 0.08% |
3,050
| – | – |
2014 Q4
2 quarters
|
|
121
Cambria Shareholder Yield ETF
SYLD
$983M
| $141K | 0.08% |
4,500
| – | – |
2014 Q4
2 quarters
|
|
122
Invesco S&P Spin-Off ETF
CSD
$209M
| $138K | 0.07% |
3,000
| – | – |
2014 Q4
2 quarters
|
|
|
IM
123
DELISTED
Ingram Micro
IM
| $75K | 0.04% |
3,000
| – | – |
2015 Q1
1 quarter
|
|
|
PNRA
124
DELISTED
Panera Bread Co
PNRA
| $70K | 0.04% |
400
| – | – |
2015 Q1
1 quarter
|
|
125
Sociedad Química y Minera de Chile
SQM
$17.6B
| $43K | 0.02% |
2,767
| – | – |
2014 Q3
3 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.