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
+5.79%
1 Year Est. Return
+7.96%
3 Year Est. Return
+43.27%
5 Year Est. Return
+41.1%
10 Year Est. Return
–
AUM
$163M
AUM Growth
-$13.5M
(-7.6%)
Cap. Flow
-$20.2M
Cap. Flow
% of AUM
-12.41%
Top 10 Holdings %
Top 10 Hldgs %
18.35%
Holding
162
New
11
Increased
1
Reduced
5
Closed
21
Avg Time Held
1.5
years
Top 10 Avg Time Held
0.9
years
Top 20 Avg Time Held
0.8
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Allegiant Air
ALGT
|
+$1.5M |
| 2 |
Lazard
LAZ
|
+$1.45M |
| 3 |
Costamare
CMRE
|
+$986K |
| 4 |
Skyworks Solutions
SWKS
|
+$837K |
| 5 |
SIRE
Sisecam Resources LP
SIRE
|
+$813K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Johnson & Johnson
JNJ
|
+$2.8M |
| 2 |
Chubb
CB
|
+$2.61M |
| 3 |
Elevance Health
ELV
|
+$2.25M |
| 4 |
ExxonMobil
XOM
|
+$2.06M |
| 5 |
Exelon
EXC
|
+$1.87M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 18.38% |
| 2 | Industrials | 16.39% |
| 3 | Materials | 14.74% |
| 4 | Technology | 13.85% |
| 5 | Consumer Discretionary | 11.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
101
LyondellBasell Industries
LYB
$19.8B
| $645K | 0.4% |
8,000
| – | – |
2015 Q4
3 quarters
|
|
102
Compañía de Minas Buenaventura
BVN
$7.75B
| $623K | 0.38% |
45,000
| – | – |
2014 Q3
8 quarters
|
|
103
DHT Holdings
DHT
$4.02B
| $587K | 0.36% |
+140,000
| New | +$651K |
2016 Q3
0 quarters
|
|
|
TAHO
104
DELISTED
Tahoe Resources Inc
TAHO
| $577K | 0.35% |
+45,000
| New | +$667K |
2016 Q3
0 quarters
|
|
|
SYNT
105
DELISTED
Syntel Inc
SYNT
| $576K | 0.35% |
13,754
| – | – |
2016 Q1
2 quarters
|
|
106
Minerals Technologies
MTX
$1.96B
| $566K | 0.35% |
8,000
| – | – |
2015 Q2
5 quarters
|
|
107
Williams-Sonoma
WSM
$28.6B
| $559K | 0.34% |
21,902
| – | – |
2016 Q1
2 quarters
|
|
|
NGD
108
DELISTED
New Gold Inc
NGD
| $544K | 0.33% |
125,000
| – | – |
2014 Q3
8 quarters
|
|
109
B2Gold
BTG
$6.59B
| $526K | 0.32% |
200,000
| – | – |
2013 Q2
13 quarters
|
|
|
AUY
110
DELISTED
Yamana Gold, Inc.
AUY
| $496K | 0.3% |
115,000
| – | – |
2013 Q3
12 quarters
|
|
111
DELISTED
Hibbett, Inc. Common Stock
HIBB
| $487K | 0.3% |
12,200
| – | – |
2015 Q4
3 quarters
|
|
112
DELISTED
Iconix Brand Group, Inc.
ICON
| $474K | 0.29% |
5,840
| – | – |
2015 Q4
3 quarters
|
|
|
ESRX
113
DELISTED
Express Scripts Holding Company
ESRX
| $458K | 0.28% |
6,500
| – | – |
2014 Q3
8 quarters
|
|
114
iShares Silver Trust
SLV
$27B
| $449K | 0.28% |
24,643
| – | – |
2013 Q2
13 quarters
|
|
115
Biogen
BIIB
$34.4B
| $439K | 0.27% |
+1,400
| New | +$415K |
2016 Q3
0 quarters
|
|
116
Cummins
CMI
$72.4B
| $436K | 0.27% |
3,400
| – | – |
2015 Q4
3 quarters
|
|
117
Platinum Group Metals
PLG
$141M
| $411K | 0.25% |
15,000
| – | – |
2013 Q2
13 quarters
|
|
118
RTX Corp
RTX
$251B
| $404K | 0.25% |
6,324
| – | – |
2015 Q4
3 quarters
|
|
119
Marcus & Millichap
MMI
$1.04B
| $393K | 0.24% |
+15,000
| New | +$397K |
2016 Q3
0 quarters
|
|
120
Capri Holdings
CPRI
$1.71B
| $386K | 0.24% |
8,250
| – | – |
2015 Q4
3 quarters
|
|
121
Northern Dynasty Minerals
NAK
$532M
| $355K | 0.22% |
500,000
| – | – |
2013 Q2
13 quarters
|
|
122
Southwest Airlines
LUV
$19.2B
| $350K | 0.21% |
9,000
| – | – |
2016 Q1
2 quarters
|
|
123
Alaska Air
ALK
$3.99B
| $329K | 0.2% |
5,000
| – | – |
2016 Q1
2 quarters
|
|
|
BBBY
124
DELISTED
Bed Bath & Beyond Inc
BBBY
| $324K | 0.2% |
7,500
| – | – |
2015 Q4
3 quarters
|
|
|
IQNT
125
DELISTED
Inteliquent, Inc.
IQNT
| $322K | 0.2% |
20,000
| – | – |
2016 Q1
2 quarters
|
|
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Midas Management's Q3 2016 Portfolio in Review
As of Q3 2016, Midas Management held 162 positions worth $163M, down 7.6% from $176M the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Midas Management withdrew a net $20.2M in Q3 2016, closing 21 positions and reducing 5 holdings. Its most notable exit was Chubb, an estimated $2.61M position sold in full.
By sector, the portfolio is most concentrated in Financials at 18% of assets, down from 26% a quarter earlier, followed by Industrials and Materials.
Against the trend, Midas Management opened a new position in Allegiant Air worth $1.45M.
- Midas Management's largest Q3 2016 buy was Allegiant Air: 11,000 shares worth $1.45M.
- Midas Management added most to Skyworks Solutions in Q3 2016, an estimated $837K increase.
- Midas Management's biggest Q3 2016 reduction was Johnson & Johnson, cutting an estimated $2.8M.
- Midas Management fully exited Chubb in Q3 2016, selling an estimated $2.61M.
- Midas Management's ten largest holdings make up 18% of its $163M portfolio in Q3 2016.
- Midas Management opened 11 new positions and closed 21 in Q3 2016.
- Midas Management's portfolio value fell 7.6% quarter-over-quarter to $163M.
Based on Midas Management's 13F filing for Q3 2016, filed 24 Oct 2016.