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
+5.52%
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
Avg Time Held
0.8
years
Top 10 Avg Time Held
0.4
years
Top 20 Avg Time Held
0.3
years
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 | Held Since | |
|---|---|---|---|---|---|---|---|
151
DELISTED
Orange
ORAN
| – | – |
-150,000
| Closed | -$2.2M | – |
|
|
CERN
152
DELISTED
Cerner Corp
CERN
| – | – |
-5,600
| Closed | -$315K | – |
|
|
PBCT
153
DELISTED
People's United Financial Inc
PBCT
| – | – |
-60,000
| Closed | -$892K | – |
|
|
RDS.A
154
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| – | – |
-29,978
| Closed | -$2.05M | – |
|
|
ESRX
155
DELISTED
Express Scripts Holding Company
ESRX
| – | – |
-6,500
| Closed | -$488K | – |
|
|
SYT
156
DELISTED
Syngenta Ag
SYT
| – | – |
-2,678
| Closed | -$203K | – |
|
|
BRCM
157
DELISTED
BROADCOM CORP CL-A
BRCM
| – | – |
-70,000
| Closed | -$2.2M | – |
|
|
KRFT
158
DELISTED
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
| – | – |
-22,000
| Closed | -$1.23M | – |
|
|
LO
159
DELISTED
LORILLARD INC COM STK
LO
| – | – |
-39,500
| Closed | -$2.14M | – |
|
160
DELISTED
Randgold Resources Ltd
GOLD
| – | – |
-15,222
| Closed | -$1.13M | – |
|
|
ETP
161
DELISTED
Energy Transfer Partners L.p.
ETP
| – | – |
-39,000
| Closed | -$2.1M | – |
|
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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.