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
+5.76%
1 Year Est. Return
+7.96%
3 Year Est. Return
+43.27%
5 Year Est. Return
+41.1%
10 Year Est. Return
–
AUM
$212M
AUM Growth
+$49.4M
(+30%)
Cap. Flow
+$43M
Cap. Flow
% of AUM
20.25%
Top 10 Holdings %
Top 10 Hldgs %
12.69%
Holding
169
New
28
Increased
20
Reduced
4
Closed
11
Avg Time Held
1.4
years
Top 10 Avg Time Held
0.3
years
Top 20 Avg Time Held
0.3
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Sturm, Ruger & Co
RGR
|
+$2.92M |
| 2 |
Federated Hermes
FHI
|
+$2.71M |
| 3 |
GBL
GAMCO Investors, Inc.
GBL
|
+$2.45M |
| 4 |
Cohen & Steers
CNS
|
+$2.38M |
| 5 |
Travel + Leisure Co
TNL
|
+$2.27M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
W.R. Berkley
WRB
|
+$4.04M |
| 2 |
CSX Corp
CSX
|
+$3.31M |
| 3 |
Cisco
CSCO
|
+$2.59M |
| 4 |
The Greenbrier Companies
GBX
|
+$2.41M |
| 5 |
Quest Diagnostics
DGX
|
+$2.37M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 18.88% |
| 2 | Consumer Discretionary | 16.31% |
| 3 | Industrials | 14.5% |
| 4 | Materials | 13.98% |
| 5 | Technology | 12.35% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
151
OR Royalties Inc
OR
$6.25B
| $171K | 0.08% |
17,500
| – | – |
2016 Q3
1 quarter
|
|
152
IPG Photonics
IPGP
$3.13B
| $148K | 0.07% |
+1,500
| New | +$140K |
2016 Q4
0 quarters
|
|
153
Affiliated Managers Group
AMG
$9.62B
| $131K | 0.06% |
900
| – | – |
2016 Q1
3 quarters
|
|
154
AutoNation
AN
$5.06B
| $112K | 0.05% |
2,300
| – | – |
2016 Q1
3 quarters
|
|
155
Hennessy Advisors
HNNA
$81.4M
| $95K | 0.04% |
+4,500
| New | +$95.3K |
2016 Q4
0 quarters
|
|
156
Pilgrim's Pride
PPC
$6.91B
| $95K | 0.04% |
5,000
| – | – |
2016 Q1
3 quarters
|
|
157
Sociedad Química y Minera de Chile
SQM
$17.6B
| $77K | 0.04% |
2,694
| – | – |
2014 Q3
9 quarters
|
|
|
GSB
158
DELISTED
GlobalSCAPE, Inc.
GSB
| $45K | 0.02% |
11,069
| – | – |
2016 Q1
3 quarters
|
|
|
159
CSX Corp
CSX
$89.4B
| – | – |
-325,500
| Closed | -$3.31M | – |
|
|
160
Quest Diagnostics
DGX
$25.8B
| – | – |
-28,000
| Closed | -$2.37M | – |
|
161
Flowserve
FLS
$8.92B
| – | – |
-23,000
| Closed | -$1.11M | – |
|
162
Las Vegas Sands
LVS
$24B
| – | – |
-29,000
| Closed | -$1.67M | – |
|
163
PepsiCo
PEP
$176B
| – | – |
-18,000
| Closed | -$1.96M | – |
|
164
Rithm Capital
RITM
$4.66B
| – | – |
-100,000
| Closed | -$1.38M | – |
|
165
US Bancorp
USB
$87.7B
| – | – |
-39,000
| Closed | -$1.67M | – |
|
|
166
W.R. Berkley
WRB
$27.4B
| – | – |
-236,250
| Closed | -$4.04M | – |
|
|
AUY
167
DELISTED
Yamana Gold, Inc.
AUY
| – | – |
-115,000
| Closed | -$496K | – |
|
|
IQNT
168
DELISTED
Inteliquent, Inc.
IQNT
| – | – |
-20,000
| Closed | -$322K | – |
|
|
IM
169
DELISTED
Ingram Micro
IM
| – | – |
-3,000
| Closed | -$107K | – |
|
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Midas Management's Q4 2016 Portfolio in Review
As of Q4 2016, Midas Management held 169 positions worth $212M, up 30% from $163M the previous quarter. Its ten largest holdings account for 13% of the portfolio.
Midas Management deployed $43M of net new capital in Q4 2016, opening 28 new positions and adding to 20 existing holdings. Its largest new stake was Sturm, Ruger & Co: 52,850 shares worth $2.79M.
By sector, the portfolio is most concentrated in Financials at 19% of assets, up from 18% a quarter earlier, followed by Consumer Discretionary and Industrials.
On the sell side, the largest reduction was Cisco, an estimated $2.59M trimmed.
- Midas Management's largest Q4 2016 buy was Sturm, Ruger & Co: 52,850 shares worth $2.79M.
- Midas Management added most to Williams-Sonoma in Q4 2016, an estimated $1.91M increase.
- Midas Management's biggest Q4 2016 reduction was Cisco, cutting an estimated $2.59M.
- Midas Management fully exited W.R. Berkley in Q4 2016, selling an estimated $4.04M.
- Midas Management's ten largest holdings make up 13% of its $212M portfolio in Q4 2016.
- Midas Management opened 28 new positions and closed 11 in Q4 2016.
- Midas Management's portfolio value rose 30% quarter-over-quarter to $212M.
Based on Midas Management's 13F filing for Q4 2016, filed 7 Feb 2017.