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Midas Management Portfolio holdings
AUM
$231M
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
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 | |
|---|---|---|---|---|---|---|
|
151
Elevance Health
ELV
$86.1B
| – | – |
-17,100
| Closed | -$2.25M |
|
|
152
Exelon
EXC
$45.6B
| – | – |
-72,203
| Closed | -$1.87M |
|
153
HSBC
HSBC
$355B
| – | – |
-41,640
| Closed | -$1.16M |
|
154
ING
ING
$101B
| – | – |
-99,500
| Closed | -$1.03M |
|
155
Itaú Unibanco
ITUB
$82.1B
| – | – |
-315,429
| Closed | -$1.31M |
|
|
KE
156
Kimball Electronics
KE
$573M
| – | – |
-42,255
| Closed | -$526K |
|
157
Banco Santander
SAN
$214B
| – | – |
-271,617
| Closed | -$1.02M |
|
|
158
ExxonMobil
XOM
$640B
| – | – |
-22,000
| Closed | -$2.06M |
|
|
CS
159
DELISTED
Credit Suisse Group
CS
| – | – |
-91,100
| Closed | -$975K |
|
|
ATCO
160
DELISTED
Atlas Corp.
ATCO
| – | – |
-45,875
| Closed | -$640K |
|
|
EMD
161
DELISTED
Western Asset Emerging Markets
EMD
| – | – |
-67,500
| Closed | -$732K |
|
|
AV
162
DELISTED
Aviva Plc
AV
| – | – |
-94,000
| Closed | -$1M |
|
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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.