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 | |
|---|---|---|---|---|---|---|---|
126
McKesson
MCK
$114B
| $316K | 0.19% |
1,895
| – | – |
2015 Q4
3 quarters
|
|
127
Buckle
BKE
$2.3B
| $304K | 0.19% |
12,650
| – | – |
2015 Q4
3 quarters
|
|
128
BorgWarner
BWA
$11.9B
| $304K | 0.19% |
9,826
| – | – |
2015 Q4
3 quarters
|
|
|
CPLA
129
DELISTED
Capella Education Company
CPLA
| $290K | 0.18% |
5,000
| – | – |
2016 Q1
2 quarters
|
|
130
Compass Minerals
CMP
$932M
| $287K | 0.18% |
3,900
| – | – |
2015 Q4
3 quarters
|
|
|
SYT
131
DELISTED
Syngenta Ag
SYT
| $235K | 0.14% |
2,678
| – | – |
2014 Q3
8 quarters
|
|
132
DELISTED
Diamond Hill
DHIL
| $194K | 0.12% |
1,050
| – | – |
2016 Q1
2 quarters
|
|
133
OR Royalties Inc
OR
$6.25B
| $191K | 0.12% |
+17,500
| New | +$218K |
2016 Q3
0 quarters
|
|
134
Nucor
NUE
$58.3B
| $174K | 0.11% |
3,519
| – | – |
2014 Q3
8 quarters
|
|
135
Affiliated Managers Group
AMG
$9.62B
| $130K | 0.08% |
900
| – | – |
2016 Q1
2 quarters
|
|
136
AutoNation
AN
$5.06B
| $112K | 0.07% |
2,300
| – | – |
2016 Q1
2 quarters
|
|
|
IM
137
DELISTED
Ingram Micro
IM
| $107K | 0.07% |
3,000
| – | – |
2015 Q1
6 quarters
|
|
138
Pilgrim's Pride
PPC
$6.91B
| $106K | 0.07% |
5,000
| – | – |
2016 Q1
2 quarters
|
|
139
United Therapeutics
UTHR
$23.2B
| $80K | 0.05% |
675
| – | – |
2016 Q1
2 quarters
|
|
140
Sociedad Química y Minera de Chile
SQM
$17.6B
| $72K | 0.04% |
2,694
| – | – |
2014 Q3
8 quarters
|
|
|
GSB
141
DELISTED
GlobalSCAPE, Inc.
GSB
| $40K | 0.02% |
11,069
| – | – |
2016 Q1
2 quarters
|
|
142
Bank of America
BAC
$359B
| – | – |
-54,000
| Closed | -$717K | – |
|
143
Banco Bilbao Vizcaya Argentaria
BBVA
$142B
| – | – |
-191,889
| Closed | -$1.08M | – |
|
144
Barclays
BCS
$75.8B
| – | – |
-119,171
| Closed | -$849K | – |
|
145
Scotiabank
BNS
$110B
| – | – |
-24,300
| Closed | -$1.19M | – |
|
146
Blackstone
BX
$79.7B
| – | – |
-55,000
| Closed | -$1.35M | – |
|
147
Citigroup
C
$205B
| – | – |
-17,000
| Closed | -$721K | – |
|
|
148
Chubb
CB
$135B
| – | – |
-20,000
| Closed | -$2.61M | – |
|
149
Deutsche Bank
DB
$61.6B
| – | – |
-78,400
| Closed | -$960K | – |
|
150
DELISTED
DigitalBridge
DBRG
| – | – |
-15,625
| Closed | -$639K | – |
|
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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.