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Midas Management Portfolio holdings
AUM
$231M
1-Year Est. Return
7.96%
This Fund
S&P 500
This Quarter
Est. Return
+5.52%
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
-$60.4M
(-28%)
Cap. Flow
-$67M
Cap. Flow
% of AUM
-43.23%
Top 10 Holdings %
Top 10 Hldgs %
18.45%
Holding
162
New
9
Increased
2
Reduced
19
Closed
57
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
NRF
NorthStar Realty Finance Corp.
NRF
|
+$1.92M |
| 2 |
Occidental Petroleum
OXY
|
+$1.16M |
| 3 |
Extra Space Storage
EXR
|
+$1.03M |
| 4 |
LSI
Life Storage, Inc.
LSI
|
+$911K |
| 5 |
CubeSmart
CUBE
|
+$728K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Intel
INTC
|
+$3.1M |
| 2 |
Canadian Natural Resources
CNQ
|
+$2.88M |
| 3 |
Compañía de Minas Buenaventura
BVN
|
+$2.8M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$2.56M |
| 5 |
IBM
IBM
|
+$2.25M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 14.26% |
| 2 | Industrials | 11.91% |
| 3 | Materials | 11.9% |
| 4 | Financials | 11.83% |
| 5 | Healthcare | 11.57% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
B
126
Barrick Mining
B
$76.2B
| – | – |
-40,000
| Closed | -$713K |
|
|
127
Alphabet (Google) Class C
GOOG
$4.2T
| – | – |
-92,345
| Closed | -$2.56M |
|
128
Home Depot
HD
$328B
| – | – |
-7,000
| Closed | -$554K |
|
129
Hecla Mining
HL
$13.9B
| – | – |
-134,366
| Closed | -$413K |
|
|
HTD
130
John Hancock Tax-Advantaged Dividend Income Fund
HTD
$900M
| – | – |
-75,000
| Closed | -$1.49M |
|
|
131
IBM
IBM
$223B
| – | – |
-12,238
| Closed | -$2.25M |
|
|
132
Intel
INTC
$477B
| – | – |
-120,000
| Closed | -$3.1M |
|
133
Itaú Unibanco
ITUB
$81.9B
| – | – |
-28,070
| Closed | -$152K |
|
134
Invesco
IVZ
$14.7B
| – | – |
-25,402
| Closed | -$940K |
|
135
Kinross Gold
KGC
$37.7B
| – | – |
-319,369
| Closed | -$1.32M |
|
136
Knowles
KN
$2.94B
| – | – |
-6,750
| Closed | -$213K |
|
137
3M
MMM
$90B
| – | – |
-2,392
| Closed | -$271K |
|
138
Myriad Genetics
MYGN
$297M
| – | – |
-18,000
| Closed | -$615K |
|
139
Novartis
NVS
$291B
| – | – |
-3,348
| Closed | -$255K |
|
140
Old Republic International
ORI
$10.2B
| – | – |
-100,000
| Closed | -$1.64M |
|
141
Philips
PHG
$26.2B
| – | – |
-59,738
| Closed | -$1.46M |
|
142
Phillips 66
PSX
$97.3B
| – | – |
-5,500
| Closed | -$424K |
|
|
STEW
143
SRH Total Return Fund
STEW
$1.79B
| – | – |
-185,383
| Closed | -$1.51M |
|
144
Molson Coors Class B
TAP
$7.71B
| – | – |
-16,000
| Closed | -$942K |
|
145
Unilever
UL
$140B
| – | – |
-33,333
| Closed | -$1.6M |
|
146
UnitedHealth
UNH
$355B
| – | – |
-3,500
| Closed | -$287K |
|
147
United Parcel Service
UPS
$89.4B
| – | – |
-3,000
| Closed | -$292K |
|
148
Wheaton Precious Metals
WPM
$70.6B
| – | – |
-99,000
| Closed | -$2.25M |
|
149
W.R. Berkley
WRB
$25.3B
| – | – |
-135,000
| Closed | -$1.67M |
|
150
Western Union
WU
$2.27B
| – | – |
-83,000
| Closed | -$1.36M |
|
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Midas Management's Q2 2014 Portfolio in Review
As of Q2 2014, Midas Management held 162 positions worth $155M, down 28% from $215M the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Midas Management withdrew a net $67M in Q2 2014, closing 57 positions and reducing 19 holdings. Its most notable exit was Intel, an estimated $3.1M position sold in full.
By sector, the portfolio is most concentrated in Energy at 14% of assets, up from 14% a quarter earlier, followed by Industrials and Materials.
Against the trend, Midas Management opened a new position in NorthStar Realty Finance Corp. worth $2.09M.
- Midas Management's largest Q2 2014 buy was NorthStar Realty Finance Corp.: 61,110 shares worth $2.09M.
- Midas Management added most to Occidental Petroleum in Q2 2014, an estimated $1.16M increase.
- Midas Management's biggest Q2 2014 reduction was JPMorgan Chase, cutting an estimated $2.07M.
- Midas Management fully exited Intel in Q2 2014, selling an estimated $3.1M.
- Midas Management's ten largest holdings make up 18% of its $155M portfolio in Q2 2014.
- Midas Management opened 9 new positions and closed 57 in Q2 2014.
- Midas Management's portfolio value fell 28% quarter-over-quarter to $155M.
Based on Midas Management's 13F filing for Q2 2014, filed 14 Aug 2014.