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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
-1.8%
1 Year Est. Return
+7.96%
3 Year Est. Return
+43.27%
5 Year Est. Return
+41.1%
10 Year Est. Return
–
AUM
$186M
AUM Growth
-$14.7M
(-7.3%)
Cap. Flow
-$10.1M
Cap. Flow
% of AUM
-5.43%
Top 10 Holdings %
Top 10 Hldgs %
17.29%
Holding
134
New
2
Increased
–
Reduced
5
Closed
9
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Minerals Technologies
MTX
|
+$556K |
| 2 |
Melco Resorts & Entertainment
MLCO
|
+$412K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Enbridge
ENB
|
+$2.33M |
| 2 |
PG&E
PCG
|
+$1.86M |
| 3 |
Vodafone
VOD
|
+$1.47M |
| 4 |
TEF
Telefonica
TEF
|
+$1.44M |
| 5 |
NRF
NorthStar Realty Finance Corp.
NRF
|
+$1.18M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 20.95% |
| 2 | Healthcare | 13.57% |
| 3 | Industrials | 12.14% |
| 4 | Consumer Discretionary | 9.49% |
| 5 | Materials | 9.23% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Santander
BSBR
$43.4B
| – | – |
-155,556
| Closed | -$657K |
|
|
127
Enbridge
ENB
$110B
| – | – |
-48,000
| Closed | -$2.33M |
|
128
Kinross Gold
KGC
$38.1B
| – | – |
-100,000
| Closed | -$224K |
|
129
Novartis
NVS
$291B
| – | – |
-3,348
| Closed | -$296K |
|
|
130
PG&E
PCG
$40.3B
| – | – |
-35,000
| Closed | -$1.86M |
|
|
TEF
131
DELISTED
Telefonica
TEF
| – | – |
-132,495
| Closed | -$1.44M |
|
|
132
Vodafone
VOD
$36.8B
| – | – |
-45,000
| Closed | -$1.47M |
|
|
NRF
133
DELISTED
NorthStar Realty Finance Corp.
NRF
| – | – |
-32,500
| Closed | -$1.18M |
|
|
DCM
134
DELISTED
NTT DOCOMO, Inc.
DCM
| – | – |
-45,600
| Closed | -$795K |
|
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Midas Management's Q2 2015 Portfolio in Review
As of Q2 2015, Midas Management held 134 positions worth $186M, down 7.3% from $200M the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Midas Management withdrew a net $10.1M in Q2 2015, closing 9 positions and reducing 5 holdings. Its most notable exit was Enbridge, an estimated $2.33M position sold in full.
By sector, the portfolio is most concentrated in Financials at 21% of assets, up from 20% a quarter earlier, followed by Healthcare and Industrials.
Against the trend, Midas Management opened a new position in Minerals Technologies worth $545K.
- Midas Management's largest Q2 2015 buy was Minerals Technologies: 8,000 shares worth $545K.
- Midas Management's biggest Q2 2015 reduction was Newmont, cutting an estimated $474K.
- Midas Management fully exited Enbridge in Q2 2015, selling an estimated $2.33M.
- Midas Management's ten largest holdings make up 17% of its $186M portfolio in Q2 2015.
- Midas Management opened 2 new positions and closed 9 in Q2 2015.
- Midas Management's portfolio value fell 7.3% quarter-over-quarter to $186M.
Based on Midas Management's 13F filing for Q2 2015, filed 3 Aug 2015.