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
+2.86%
1 Year Est. Return
+7.96%
3 Year Est. Return
+43.27%
5 Year Est. Return
+41.1%
10 Year Est. Return
–
AUM
$223M
AUM Growth
+$12.8M
(+6.1%)
Cap. Flow
+$9.47M
Cap. Flow
% of AUM
4.24%
Top 10 Holdings %
Top 10 Hldgs %
17.74%
Holding
133
New
16
Increased
12
Reduced
7
Closed
14
Avg Time Held
1.9
years
Top 10 Avg Time Held
0.5
years
Top 20 Avg Time Held
0.4
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Broadcom
AVGO
|
+$3.13M |
| 2 |
PACCAR
PCAR
|
+$2.45M |
| 3 |
Tyson Foods
TSN
|
+$2.44M |
| 4 |
British American Tobacco
BTI
|
+$2.29M |
| 5 |
Altria Group
MO
|
+$2.24M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Hanesbrands
HBI
|
+$3.37M |
| 2 |
SCG
Scana
SCG
|
+$3.17M |
| 3 |
Ford
F
|
+$2.8M |
| 4 |
Molson Coors Class B
TAP
|
+$2.62M |
| 5 |
EQM
EQM Midstream Partners, LP
EQM
|
+$2.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 16.26% |
| 2 | Financials | 15.78% |
| 3 | Consumer Discretionary | 15.69% |
| 4 | Consumer Staples | 13.13% |
| 5 | Healthcare | 10.7% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
126
Qualcomm
QCOM
$184B
| – | – |
-20,000
| Closed | -$1.12M | – |
|
|
127
Molson Coors Class B
TAP
$7.2B
| – | – |
-38,500
| Closed | -$2.62M | – |
|
128
White Mountains Insurance
WTM
$5.01B
| – | – |
-41
| Closed | -$37K | – |
|
|
EQM
129
DELISTED
EQM Midstream Partners, LP
EQM
| – | – |
-44,500
| Closed | -$2.3M | – |
|
|
SCG
130
DELISTED
Scana
SCG
| – | – |
-82,250
| Closed | -$3.17M | – |
|
|
NDRO
131
DELISTED
Enduro Royalty Trust
NDRO
| – | – |
-8,000
| Closed | -$30K | – |
|
|
FTR
132
DELISTED
Frontier Communications Corp.
FTR
| – | – |
-25,328
| Closed | -$136K | – |
|
|
GG
133
DELISTED
Goldcorp Inc
GG
| – | – |
-55,000
| Closed | -$754K | – |
|
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Midas Management's Q3 2018 Portfolio in Review
As of Q3 2018, Midas Management held 133 positions worth $223M, up 6.1% from $210M the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Midas Management deployed $9.47M of net new capital in Q3 2018, opening 16 new positions and adding to 12 existing holdings. Its largest new stake was Broadcom: 139,500 shares worth $3.44M.
By sector, the portfolio is most concentrated in Industrials at 16% of assets, up from 15% a quarter earlier, followed by Financials and Consumer Discretionary.
On the sell side, the largest reduction was GAMCO Investors, Inc., an estimated $1.88M trimmed.
- Midas Management's largest Q3 2018 buy was Broadcom: 139,500 shares worth $3.44M.
- Midas Management added most to Cencora in Q3 2018, an estimated $1.82M increase.
- Midas Management's biggest Q3 2018 reduction was GAMCO Investors, Inc., cutting an estimated $1.88M.
- Midas Management fully exited Hanesbrands in Q3 2018, selling an estimated $3.37M.
- Midas Management's ten largest holdings make up 18% of its $223M portfolio in Q3 2018.
- Midas Management opened 16 new positions and closed 14 in Q3 2018.
- Midas Management's portfolio value rose 6.1% quarter-over-quarter to $223M.
Based on Midas Management's 13F filing for Q3 2018, filed 9 Oct 2018.