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
-9.38%
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
-$30.7M
(-17%)
Cap. Flow
-$12M
Cap. Flow
% of AUM
-7.72%
Top 10 Holdings %
Top 10 Hldgs %
18.88%
Holding
127
New
2
Increased
4
Reduced
8
Closed
6
Avg Time Held
1.5
years
Top 10 Avg Time Held
0.9
years
Top 20 Avg Time Held
0.9
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
BXLT
BAXALTA INC COM STK (DE)
BXLT
|
+$932K |
| 2 |
Alamos Gold
AGI
|
+$501K |
| 3 |
Franco-Nevada
FNV
|
+$431K |
| 4 |
Eldorado Gold
EGO
|
+$333K |
| 5 |
Newmont
NEM
|
+$250K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Juniper Networks
JNPR
|
+$2.36M |
| 2 |
Philips
PHG
|
+$2.19M |
| 3 |
CTRX
CATAMARAN CORP COM STK (CDA)
CTRX
|
+$1.99M |
| 4 |
VIAB
Viacom Inc. Class B
VIAB
|
+$1.68M |
| 5 |
Mastercard
MA
|
+$1.41M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 20.83% |
| 2 | Healthcare | 13.49% |
| 3 | Industrials | 12.15% |
| 4 | Consumer Staples | 10.21% |
| 5 | Materials | 9.21% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
101
Minerals Technologies
MTX
$1.96B
| $385K | 0.25% |
8,000
| – | – |
2015 Q2
1 quarter
|
|
102
Platinum Group Metals
PLG
$141M
| $345K | 0.22% |
15,000
| – | – |
2013 Q2
9 quarters
|
|
103
iShares Silver Trust
SLV
$27B
| $342K | 0.22% |
24,643
| – | – |
2013 Q2
9 quarters
|
|
104
Rayonier Advanced Materials
RYAM
$477M
| $336K | 0.22% |
54,900
| – | – |
2014 Q3
4 quarters
|
|
|
NGD
105
DELISTED
New Gold Inc
NGD
| $284K | 0.18% |
125,000
| – | – |
2014 Q3
4 quarters
|
|
106
Melco Resorts & Entertainment
MLCO
$1.6B
| $275K | 0.18% |
20,000
| – | – |
2015 Q2
1 quarter
|
|
107
Compañía de Minas Buenaventura
BVN
$7.75B
| $268K | 0.17% |
45,000
| – | – |
2014 Q3
4 quarters
|
|
108
Myriad Genetics
MYGN
$397M
| $225K | 0.15% |
6,000
| – | – |
2014 Q3
4 quarters
|
|
109
B2Gold
BTG
$6.59B
| $210K | 0.14% |
200,000
| – | – |
2013 Q2
9 quarters
|
|
|
TFCFA
110
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $200K | 0.13% |
7,400
| – | – |
2014 Q4
3 quarters
|
|
|
AUY
111
DELISTED
Yamana Gold, Inc.
AUY
| $196K | 0.13% |
115,000
| – | – |
2013 Q3
8 quarters
|
|
|
SYT
112
DELISTED
Syngenta Ag
SYT
| $171K | 0.11% |
2,678
| – | – |
2014 Q3
4 quarters
|
|
113
Northern Dynasty Minerals
NAK
$532M
| $155K | 0.1% |
500,000
| – | – |
2013 Q2
9 quarters
|
|
114
First Trust US Equity Opportunities ETF
FPX
$1.4B
| $141K | 0.09% |
2,900
| – | – |
2014 Q4
3 quarters
|
|
115
Invesco BuyBack Achievers ETF
PKW
$1.71B
| $134K | 0.09% |
3,050
| – | – |
2014 Q4
3 quarters
|
|
116
Nucor
NUE
$58.3B
| $132K | 0.09% |
3,519
| – | – |
2014 Q3
4 quarters
|
|
117
Cambria Shareholder Yield ETF
SYLD
$983M
| $131K | 0.08% |
4,500
| – | – |
2014 Q4
3 quarters
|
|
118
Invesco S&P Spin-Off ETF
CSD
$209M
| $114K | 0.07% |
3,000
| – | – |
2014 Q4
3 quarters
|
|
|
IM
119
DELISTED
Ingram Micro
IM
| $82K | 0.05% |
3,000
| – | – |
2015 Q1
2 quarters
|
|
|
PNRA
120
DELISTED
Panera Bread Co
PNRA
| $77K | 0.05% |
400
| – | – |
2015 Q1
2 quarters
|
|
121
Sociedad Química y Minera de Chile
SQM
$17.6B
| $39K | 0.03% |
2,767
| – | – |
2014 Q3
4 quarters
|
|
122
Carnival Corporation Ltd
CCL
$34.9B
| – | – |
-23,800
| Closed | -$1.18M | – |
|
|
123
DELISTED
Juniper Networks
JNPR
| – | – |
-90,750
| Closed | -$2.36M | – |
|
|
124
Philips
PHG
$24.4B
| – | – |
-120,158
| Closed | -$2.19M | – |
|
|
VIAB
125
DELISTED
Viacom Inc. Class B
VIAB
| – | – |
-26,000
| Closed | -$1.68M | – |
|
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Midas Management's Q3 2015 Portfolio in Review
As of Q3 2015, Midas Management held 127 positions worth $155M, down 17% from $186M the previous quarter. Its ten largest holdings account for 19% of the portfolio.
Midas Management withdrew a net $12M in Q3 2015, closing 6 positions and reducing 8 holdings. Its most notable exit was Juniper Networks, an estimated $2.36M position sold in full.
By sector, the portfolio is most concentrated in Financials at 21% of assets, down from 21% a quarter earlier, followed by Healthcare and Industrials.
Against the trend, Midas Management opened a new position in BAXALTA INC COM STK (DE) worth $851K.
- Midas Management's largest Q3 2015 buy was BAXALTA INC COM STK (DE): 27,000 shares worth $851K.
- Midas Management added most to Alamos Gold in Q3 2015, an estimated $501K increase.
- Midas Management's biggest Q3 2015 reduction was Mastercard, cutting an estimated $1.41M.
- Midas Management fully exited Juniper Networks in Q3 2015, selling an estimated $2.36M.
- Midas Management's ten largest holdings make up 19% of its $155M portfolio in Q3 2015.
- Midas Management opened 2 new positions and closed 6 in Q3 2015.
- Midas Management's portfolio value fell 17% quarter-over-quarter to $155M.
Based on Midas Management's 13F filing for Q3 2015, filed 19 Oct 2015.