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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 | |
|---|---|---|---|---|---|---|---|
126
OR Royalties Inc
OR
$6.25B
| $194K | 0.1% |
17,500
| – | – |
2016 Q3
2 quarters
|
|
127
IPG Photonics
IPGP
$3.13B
| $181K | 0.1% |
1,500
| – | – |
2016 Q4
1 quarter
|
|
128
Affiliated Managers Group
AMG
$9.62B
| $148K | 0.08% |
900
| – | – |
2016 Q1
4 quarters
|
|
129
Pilgrim's Pride
PPC
$6.91B
| $113K | 0.06% |
5,000
| – | – |
2016 Q1
4 quarters
|
|
|
BBBY
130
DELISTED
Bed Bath & Beyond Inc
BBBY
| $99K | 0.05% |
2,500
-5,000
| -67% | -$201K |
2015 Q4
5 quarters
|
|
131
AutoNation
AN
$5.06B
| $97K | 0.05% |
2,300
| – | – |
2016 Q1
4 quarters
|
|
132
Sociedad Química y Minera de Chile
SQM
$17.6B
| $93K | 0.05% |
2,694
| – | – |
2014 Q3
10 quarters
|
|
133
Hennessy Advisors
HNNA
$81.4M
| $76K | 0.04% |
4,500
| – | – |
2016 Q4
1 quarter
|
|
134
McKesson
MCK
$114B
| $54K | 0.03% |
365
-1,530
| -81% | -$224K |
2015 Q4
5 quarters
|
|
|
GSB
135
DELISTED
GlobalSCAPE, Inc.
GSB
| $43K | 0.02% |
11,069
| – | – |
2016 Q1
4 quarters
|
|
|
BIVV
136
DELISTED
Bioverativ Inc. Common Stock
BIVV
| $14K | 0.01% |
+250
| New | +$12.3K |
2017 Q1
0 quarters
|
|
137
Avnet
AVT
$7.88B
| – | – |
-34,000
| Closed | -$1.62M | – |
|
138
Franklin Templeton
BEN
$15.5B
| – | – |
-36,700
| Closed | -$1.45M | – |
|
139
Cal-Maine
CALM
$2.95B
| – | – |
-23,000
| Closed | -$1.02M | – |
|
140
Cisco
CSCO
$448B
| – | – |
-29,000
| Closed | -$876K | – |
|
141
DHT Holdings
DHT
$4.02B
| – | – |
-140,000
| Closed | -$580K | – |
|
142
Dover
DOV
$26B
| – | – |
-16,713
| Closed | -$1.01M | – |
|
143
Emerson Electric
EMR
$89.9B
| – | – |
-27,000
| Closed | -$1.51M | – |
|
144
GameStop
GME
$13.7B
| – | – |
-206,000
| Closed | -$1.3M | – |
|
145
Kohl's
KSS
$2.4B
| – | – |
-28,600
| Closed | -$1.41M | – |
|
146
Lloyds Banking Group
LYG
$78.4B
| – | – |
-287,800
| Closed | -$892K | – |
|
|
147
MSC Industrial Direct
MSM
$7.4B
| – | – |
-21,000
| Closed | -$1.94M | – |
|
148
Northern Dynasty Minerals
NAK
$532M
| – | – |
-500,000
| Closed | -$1.03M | – |
|
149
Neuberger Real Estate Securities Income Fund Inc
NRO
$159M
| – | – |
-314,400
| Closed | -$1.61M | – |
|
|
150
Norfolk Southern
NSC
$72.7B
| – | – |
-15,000
| Closed | -$1.62M | – |
|
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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.