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
+5.17%
1 Year Est. Return
+7.96%
3 Year Est. Return
+43.27%
5 Year Est. Return
+41.1%
10 Year Est. Return
–
AUM
$190M
AUM Growth
-$22M
(-10%)
Cap. Flow
-$29.5M
Cap. Flow
% of AUM
-15.47%
Top 10 Holdings %
Top 10 Hldgs %
15.16%
Holding
163
New
5
Increased
2
Reduced
8
Closed
27
Avg Time Held
1.5
years
Top 10 Avg Time Held
0.4
years
Top 20 Avg Time Held
0.4
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Accenture
ACN
|
+$2.39M |
| 2 |
Nike
NKE
|
+$1.8M |
| 3 |
Copart
CPRT
|
+$1.58M |
| 4 |
TSMC
TSM
|
+$1.41M |
| 5 |
SIRE
Sisecam Resources LP
SIRE
|
+$1.05M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Packaging Corp of America
PKG
|
+$2.21M |
| 2 |
Western Union
WU
|
+$1.96M |
| 3 |
MSC Industrial Direct
MSM
|
+$1.94M |
| 4 |
Phillips 66
PSX
|
+$1.77M |
| 5 |
Norfolk Southern
NSC
|
+$1.62M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.74% |
| 2 | Consumer Discretionary | 16.66% |
| 3 | Technology | 15.68% |
| 4 | Materials | 14.22% |
| 5 | Industrials | 12.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
101
Minerals Technologies
MTX
$1.96B
| $613K | 0.32% |
8,000
| – | – |
2015 Q2
7 quarters
|
|
102
AngloGold Ashanti
AU
$44.9B
| $592K | 0.31% |
55,000
| – | – |
2013 Q2
15 quarters
|
|
103
B2Gold
BTG
$6.59B
| $566K | 0.3% |
200,000
| – | – |
2013 Q2
15 quarters
|
|
104
United Therapeutics
UTHR
$23.2B
| $545K | 0.29% |
4,025
| – | – |
2016 Q1
4 quarters
|
|
105
Compañía de Minas Buenaventura
BVN
$7.75B
| $542K | 0.28% |
45,000
| – | – |
2014 Q3
10 quarters
|
|
106
Cummins
CMI
$72.4B
| $514K | 0.27% |
3,400
| – | – |
2015 Q4
5 quarters
|
|
107
RTX Corp
RTX
$251B
| $447K | 0.23% |
6,324
| – | – |
2015 Q4
5 quarters
|
|
|
ESRX
108
DELISTED
Express Scripts Holding Company
ESRX
| $429K | 0.23% |
6,500
| – | – |
2014 Q3
10 quarters
|
|
109
iShares Silver Trust
SLV
$27B
| $425K | 0.22% |
24,643
| – | – |
2013 Q2
15 quarters
|
|
110
Future Fuel
FF
$239M
| $419K | 0.22% |
29,500
| – | – |
2016 Q4
1 quarter
|
|
111
Biogen
BIIB
$34.4B
| $383K | 0.2% |
1,400
| – | – |
2016 Q3
2 quarters
|
|
|
NGD
112
DELISTED
New Gold Inc
NGD
| $373K | 0.2% |
125,000
| – | – |
2014 Q3
10 quarters
|
|
113
DELISTED
Diamond Hill
DHIL
| $369K | 0.19% |
1,897
| – | – |
2016 Q1
4 quarters
|
|
114
Marcus & Millichap
MMI
$1.04B
| $369K | 0.19% |
15,000
| – | – |
2016 Q3
2 quarters
|
|
|
TAHO
115
DELISTED
Tahoe Resources Inc
TAHO
| $361K | 0.19% |
45,000
| – | – |
2016 Q3
2 quarters
|
|
116
DELISTED
Hibbett, Inc. Common Stock
HIBB
| $360K | 0.19% |
12,200
| – | – |
2015 Q4
5 quarters
|
|
117
Gentherm
THRM
$1.67B
| $342K | 0.18% |
8,700
| – | – |
2016 Q4
1 quarter
|
|
118
Capri Holdings
CPRI
$1.71B
| $314K | 0.16% |
8,250
| – | – |
2015 Q4
5 quarters
|
|
119
Compass Minerals
CMP
$932M
| $265K | 0.14% |
3,900
| – | – |
2015 Q4
5 quarters
|
|
120
Platinum Group Metals
PLG
$141M
| $245K | 0.13% |
15,000
| – | – |
2013 Q2
15 quarters
|
|
|
SYT
121
DELISTED
Syngenta Ag
SYT
| $237K | 0.12% |
2,678
| – | – |
2014 Q3
10 quarters
|
|
122
Buckle
BKE
$2.3B
| $235K | 0.12% |
12,650
| – | – |
2015 Q4
5 quarters
|
|
|
SYNT
123
DELISTED
Syntel Inc
SYNT
| $231K | 0.12% |
13,754
| – | – |
2016 Q1
4 quarters
|
|
|
CPLA
124
DELISTED
Capella Education Company
CPLA
| $213K | 0.11% |
2,500
-2,500
| -50% | -$205K |
2016 Q1
4 quarters
|
|
125
Nucor
NUE
$58.3B
| $210K | 0.11% |
3,519
| – | – |
2014 Q3
10 quarters
|
|
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Midas Management's Q1 2017 Portfolio in Review
As of Q1 2017, Midas Management held 163 positions worth $190M, down 10% from $212M the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Midas Management withdrew a net $29.5M in Q1 2017, closing 27 positions and reducing 8 holdings. Its most notable exit was Packaging Corp of America, an estimated $2.21M position sold in full.
By sector, the portfolio is most concentrated in Financials at 18% of assets, down from 19% a quarter earlier, followed by Consumer Discretionary and Technology.
Against the trend, Midas Management opened a new position in Accenture worth $2.4M.
- Midas Management's largest Q1 2017 buy was Accenture: 20,000 shares worth $2.4M.
- Midas Management added most to Sisecam Resources LP in Q1 2017, an estimated $1.05M increase.
- Midas Management's biggest Q1 2017 reduction was Rio Tinto, cutting an estimated $1.49M.
- Midas Management fully exited Packaging Corp of America in Q1 2017, selling an estimated $2.21M.
- Midas Management's ten largest holdings make up 15% of its $190M portfolio in Q1 2017.
- Midas Management opened 5 new positions and closed 27 in Q1 2017.
- Midas Management's portfolio value fell 10% quarter-over-quarter to $190M.
Based on Midas Management's 13F filing for Q1 2017, filed 24 Apr 2017.