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
-12.7%
1 Year Est. Return
+7.96%
3 Year Est. Return
+43.27%
5 Year Est. Return
+41.1%
10 Year Est. Return
–
AUM
$209M
AUM Growth
-$14.7M
(-6.6%)
Cap. Flow
+$15.5M
Cap. Flow
% of AUM
7.42%
Top 10 Holdings %
Top 10 Hldgs %
17.27%
Holding
137
New
18
Increased
16
Reduced
3
Closed
15
Avg Time Held
1.8
years
Top 10 Avg Time Held
0.6
years
Top 20 Avg Time Held
0.5
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Home Depot
HD
|
+$3.12M |
| 2 |
T. Rowe Price
TROW
|
+$3.03M |
| 3 |
Texas Instruments
TXN
|
+$2.48M |
| 4 |
Oshkosh
OSK
|
+$2.38M |
| 5 |
Blackrock
BLK
|
+$2.09M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CVS Health
CVS
|
+$4.13M |
| 2 |
First American
FAF
|
+$2.84M |
| 3 |
Carter's
CRI
|
+$2.61M |
| 4 |
WPP
WPP
|
+$2.27M |
| 5 |
Synchrony
SYF
|
+$2.02M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 18.67% |
| 2 | Consumer Discretionary | 15.52% |
| 3 | Financials | 15.43% |
| 4 | Consumer Staples | 12.67% |
| 5 | Technology | 10.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
101
Diversified Healthcare Trust
DHC
$1.81B
| $762K | 0.37% |
+65,000
| New | +$965K |
2018 Q4
0 quarters
|
|
102
JPMorgan Chase
JPM
$890B
| $664K | 0.32% |
6,800
| – | – |
2013 Q2
22 quarters
|
|
103
Marcus & Millichap
MMI
$1.04B
| $515K | 0.25% |
15,000
| – | – |
2016 Q3
9 quarters
|
|
104
Royal Gold
RGLD
$19.1B
| $454K | 0.22% |
+5,300
| New | +$408K |
2018 Q4
0 quarters
|
|
105
United Therapeutics
UTHR
$23.2B
| $438K | 0.21% |
4,025
| – | – |
2016 Q1
11 quarters
|
|
106
Biogen
BIIB
$34.4B
| $421K | 0.2% |
1,400
| – | – |
2016 Q3
9 quarters
|
|
107
Minerals Technologies
MTX
$1.96B
| $411K | 0.2% |
8,000
| – | – |
2015 Q2
14 quarters
|
|
108
Essent Group
ESNT
$5.65B
| $393K | 0.19% |
11,500
| – | – |
2018 Q3
1 quarter
|
|
|
PVG
109
DELISTED
PRETIUM RESOURCES INC.
PVG
| $380K | 0.18% |
+45,000
| New | +$352K |
2018 Q4
0 quarters
|
|
|
KL
110
DELISTED
Kirkland Lake Gold Ltd Ordinary
KL
| $378K | 0.18% |
+14,500
| New | +$308K |
2018 Q4
0 quarters
|
|
111
iShares Silver Trust
SLV
$27B
| $358K | 0.17% |
24,643
| – | – |
2013 Q2
22 quarters
|
|
112
Advanced Energy
AEIS
$10.4B
| $331K | 0.16% |
7,700
| – | – |
2018 Q3
1 quarter
|
|
113
IPG Photonics
IPGP
$3.13B
| $170K | 0.08% |
1,500
| – | – |
2016 Q4
8 quarters
|
|
114
OR Royalties Inc
OR
$6.25B
| $154K | 0.07% |
17,500
| – | – |
2016 Q3
9 quarters
|
|
115
DELISTED
Sandstorm Gold
SAND
| $124K | 0.06% |
+27,000
| New | +$110K |
2018 Q4
0 quarters
|
|
116
Affiliated Managers Group
AMG
$9.62B
| $117K | 0.06% |
1,200
+300
| +33% | +$33.9K |
2016 Q1
11 quarters
|
|
117
Wheaton Precious Metals
WPM
$58.9B
| $117K | 0.06% |
+6,000
| New | +$102K |
2018 Q4
0 quarters
|
|
118
LGI Homes
LGIH
$985M
| $115K | 0.06% |
2,550
| – | – |
2017 Q4
4 quarters
|
|
119
AutoNation
AN
$5.06B
| $82K | 0.04% |
2,300
| – | – |
2016 Q1
11 quarters
|
|
120
Pilgrim's Pride
PPC
$6.91B
| $78K | 0.04% |
5,000
| – | – |
2016 Q1
11 quarters
|
|
121
Hennessy Advisors
HNNA
$81.4M
| $45K | 0.02% |
4,500
| – | – |
2016 Q4
8 quarters
|
|
122
Permianville Royalty Trust
PVL
$58.7M
| $15K | 0.01% |
8,000
| – | – |
2018 Q3
1 quarter
|
|
123
Campbell Soup
CPB
$5.7B
| – | – |
-55,000
| Closed | -$2.02M | – |
|
|
124
Carter's
CRI
$1.16B
| – | – |
-26,500
| Closed | -$2.61M | – |
|
|
125
CVS Health
CVS
$116B
| – | – |
-52,500
| Closed | -$4.13M | – |
|
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Midas Management's Q4 2018 Portfolio in Review
As of Q4 2018, Midas Management held 137 positions worth $209M, down 6.6% from $223M the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Midas Management deployed $15.5M of net new capital in Q4 2018, opening 18 new positions and adding to 16 existing holdings. Its largest new stake was Home Depot: 17,400 shares worth $2.99M.
By sector, the portfolio is most concentrated in Industrials at 19% of assets, up from 16% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was Berkshire Hathaway Class B, an estimated $585K trimmed.
- Midas Management's largest Q4 2018 buy was Home Depot: 17,400 shares worth $2.99M.
- Midas Management added most to PACCAR in Q4 2018, an estimated $1.8M increase.
- Midas Management's biggest Q4 2018 reduction was Berkshire Hathaway Class B, cutting an estimated $585K.
- Midas Management fully exited CVS Health in Q4 2018, selling an estimated $4.13M.
- Midas Management's ten largest holdings make up 17% of its $209M portfolio in Q4 2018.
- Midas Management opened 18 new positions and closed 15 in Q4 2018.
- Midas Management's portfolio value fell 6.6% quarter-over-quarter to $209M.
Based on Midas Management's 13F filing for Q4 2018, filed 22 Jan 2019.