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 | |
|---|---|---|---|---|---|---|---|
101
Barclays
BCS
$75.8B
| $849K | 0.48% |
+119,171
| New | +$1.07M |
2016 Q2
0 quarters
|
|
102
Dillards
DDS
$10.2B
| $836K | 0.47% |
13,800
| – | – |
2016 Q1
1 quarter
|
|
|
WNR
103
DELISTED
Western Refining Inc
WNR
| $825K | 0.47% |
40,000
| – | – |
2014 Q4
6 quarters
|
|
104
NatWest
NWG
$69.7B
| $784K | 0.44% |
+154,886
| New | +$1.09M |
2016 Q2
0 quarters
|
|
105
Franco-Nevada
FNV
$45.3B
| $761K | 0.43% |
10,000
| – | – |
2015 Q3
3 quarters
|
|
|
SHPG
106
DELISTED
Shire pic
SHPG
| $737K | 0.42% |
+4,001
| New | +$722K |
2016 Q2
0 quarters
|
|
107
DELISTED
Western Asset Emerging Markets
EMD
| $732K | 0.41% |
67,500
| – | – |
2015 Q4
2 quarters
|
|
108
Citigroup
C
$205B
| $721K | 0.41% |
17,000
| – | – |
2016 Q1
1 quarter
|
|
109
Bank of America
BAC
$359B
| $717K | 0.41% |
54,000
| – | – |
2016 Q1
1 quarter
|
|
110
Lear
LEA
$5.89B
| $712K | 0.4% |
7,000
| – | – |
2016 Q1
1 quarter
|
|
111
PNC Financial Services
PNC
$86.1B
| $651K | 0.37% |
8,000
| – | – |
2016 Q1
1 quarter
|
|
|
ATCO
112
DELISTED
Atlas Corp.
ATCO
| $640K | 0.36% |
45,875
| – | – |
2013 Q2
12 quarters
|
|
113
DELISTED
DigitalBridge
DBRG
| $639K | 0.36% |
15,625
-625
| -4% | -$29.7K |
2014 Q3
7 quarters
|
|
|
SYNT
114
DELISTED
Syntel Inc
SYNT
| $623K | 0.35% |
13,754
| – | – |
2016 Q1
1 quarter
|
|
|
AUY
115
DELISTED
Yamana Gold, Inc.
AUY
| $598K | 0.34% |
115,000
| – | – |
2013 Q3
11 quarters
|
|
116
LyondellBasell Industries
LYB
$19.8B
| $595K | 0.34% |
8,000
| – | – |
2015 Q4
2 quarters
|
|
117
BHP
BHP
$212B
| $594K | 0.34% |
23,317
| – | – |
2013 Q2
12 quarters
|
|
118
Williams-Sonoma
WSM
$28.6B
| $571K | 0.32% |
21,902
| – | – |
2016 Q1
1 quarter
|
|
|
NGD
119
DELISTED
New Gold Inc
NGD
| $548K | 0.31% |
125,000
| – | – |
2014 Q3
7 quarters
|
|
120
Compañía de Minas Buenaventura
BVN
$7.75B
| $538K | 0.3% |
45,000
| – | – |
2014 Q3
7 quarters
|
|
121
Kimball Electronics
KE
$653M
| $526K | 0.3% |
42,255
-66,495
| -61% | -$753K |
2014 Q4
6 quarters
|
|
122
Platinum Group Metals
PLG
$141M
| $509K | 0.29% |
15,000
| – | – |
2013 Q2
12 quarters
|
|
123
B2Gold
BTG
$6.59B
| $502K | 0.28% |
200,000
| – | – |
2013 Q2
12 quarters
|
|
|
ESRX
124
DELISTED
Express Scripts Holding Company
ESRX
| $493K | 0.28% |
6,500
| – | – |
2014 Q3
7 quarters
|
|
125
Minerals Technologies
MTX
$1.96B
| $454K | 0.26% |
8,000
| – | – |
2015 Q2
4 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.