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
+2.49%
1 Year Est. Return
+7.96%
3 Year Est. Return
+43.27%
5 Year Est. Return
+41.1%
10 Year Est. Return
–
AUM
$176M
AUM Growth
-$16.3M
(-8.5%)
Cap. Flow
-$16.6M
Cap. Flow
% of AUM
-9.43%
Top 10 Holdings %
Top 10 Hldgs %
17.49%
Holding
183
New
15
Increased
3
Reduced
13
Closed
32
Avg Time Held
1.3
years
Top 10 Avg Time Held
1
year
Top 20 Avg Time Held
0.9
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ubiquiti
UI
|
+$1.74M |
| 2 |
Transocean
RIG
|
+$1.4M |
| 3 |
CS
Credit Suisse Group
CS
|
+$1.24M |
| 4 |
Itaú Unibanco
ITUB
|
+$1.22M |
| 5 |
Banco Bilbao Vizcaya Argentaria
BBVA
|
+$1.21M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Honeywell
HON
|
+$2.8M |
| 2 |
McDonald's
MCD
|
+$2.7M |
| 3 |
Wells Fargo
WFC
|
+$2.03M |
| 4 |
McCormick & Company Non-Voting
MKC
|
+$1.99M |
| 5 |
Tanger
SKT
|
+$1.97M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 25.91% |
| 2 | Industrials | 12.84% |
| 3 | Materials | 12.73% |
| 4 | Technology | 10.99% |
| 5 | Consumer Discretionary | 10.11% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
GSB
151
DELISTED
GlobalSCAPE, Inc.
GSB
| $41K | 0.02% |
11,069
| – | – |
2016 Q1
1 quarter
|
|
152
Advent Convertible and Income Fund
AVK
$498M
| – | – |
-138,132
| Closed | -$1.78M | – |
|
153
abrdn Global Premier Properties Fund
AWP
$309M
| – | – |
-59,999
| Closed | -$1.01M | – |
|
154
Baxter International
BAX
$12.8B
| – | – |
-27,000
| Closed | -$1.11M | – |
|
155
Caterpillar
CAT
$344B
| – | – |
-21,000
| Closed | -$1.61M | – |
|
156
Central Securities Corp
CET
$1.63B
| – | – |
-9,293
| Closed | -$178K | – |
|
157
Campbell Soup
CPB
$5.7B
| – | – |
-25,000
| Closed | -$1.59M | – |
|
158
Delta Air Lines
DAL
$50.4B
| – | – |
-8,000
| Closed | -$389K | – |
|
159
Healthpeak Properties
DOC
$12.9B
| – | – |
-37,881
| Closed | -$1.12M | – |
|
160
Western Asset Emerging Markets Debt Fund
EMD
$531M
| – | – |
-67,500
| Closed | -$980K | – |
|
161
Sprott Focus Trust
FUND
$288M
| – | – |
-20,100
| Closed | -$122K | – |
|
|
162
Honeywell
HON
$65.8B
| – | – |
-27,822
| Closed | -$2.8M | – |
|
163
Mattel
MAT
$4.76B
| – | – |
-25,000
| Closed | -$841K | – |
|
|
164
McDonald's
MCD
$169B
| – | – |
-21,500
| Closed | -$2.7M | – |
|
|
165
McCormick & Company Non-Voting
MKC
$12.1B
| – | – |
-40,000
| Closed | -$1.99M | – |
|
166
The Mosaic Company
MOS
$6.04B
| – | – |
-35,000
| Closed | -$945K | – |
|
167
Myriad Genetics
MYGN
$397M
| – | – |
-6,000
| Closed | -$225K | – |
|
168
NXG NextGen Infrastructure Income Fund
NXG
$405M
| – | – |
-3,100
| Closed | -$174K | – |
|
169
PJT Partners
PJT
$3.38B
| – | – |
-1,375
| Closed | -$33K | – |
|
170
Ralph Lauren
RL
$22.4B
| – | – |
-12,000
| Closed | -$1.16M | – |
|
171
Seven Hills Realty Trust
SEVN
$154M
| – | – |
-8,935
| Closed | -$166K | – |
|
|
172
Tanger
SKT
$3.94B
| – | – |
-54,000
| Closed | -$1.97M | – |
|
173
Sanofi
SNY
$95.3B
| – | – |
-47,900
| Closed | -$1.92M | – |
|
174
Seagate
STX
$162B
| – | – |
-25,950
| Closed | -$894K | – |
|
175
Toronto Dominion Bank
TD
$192B
| – | – |
-21,650
| Closed | -$934K | – |
|
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Midas Management's Q2 2016 Portfolio in Review
As of Q2 2016, Midas Management held 183 positions worth $176M, down 8.5% from $193M the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Midas Management withdrew a net $16.6M in Q2 2016, closing 32 positions and reducing 13 holdings. Its most notable exit was Honeywell, an estimated $2.8M position sold in full.
By sector, the portfolio is most concentrated in Financials at 26% of assets, up from 20% a quarter earlier, followed by Industrials and Materials.
Against the trend, Midas Management opened a new position in Ubiquiti worth $1.81M.
- Midas Management's largest Q2 2016 buy was Ubiquiti: 46,950 shares worth $1.81M.
- Midas Management added most to Robert Half in Q2 2016, an estimated $879K increase.
- Midas Management's biggest Q2 2016 reduction was Kimball Electronics, cutting an estimated $753K.
- Midas Management fully exited Honeywell in Q2 2016, selling an estimated $2.8M.
- Midas Management's ten largest holdings make up 17% of its $176M portfolio in Q2 2016.
- Midas Management opened 15 new positions and closed 32 in Q2 2016.
- Midas Management's portfolio value fell 8.5% quarter-over-quarter to $176M.
Based on Midas Management's 13F filing for Q2 2016, filed 28 Jul 2016.