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
+5.17%
1 Year Est. Return
+7.96%
3 Year Est. Return
+43.27%
5 Year Est. Return
+41.1%
10 Year Est. Return
–
AUM
$190M
AUM Growth
-$22M
(-10%)
Cap. Flow
-$29.5M
Cap. Flow
% of AUM
-15.47%
Top 10 Holdings %
Top 10 Hldgs %
15.16%
Holding
163
New
5
Increased
2
Reduced
8
Closed
27
Avg Time Held
1.5
years
Top 10 Avg Time Held
0.4
years
Top 20 Avg Time Held
0.4
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Accenture
ACN
|
+$2.39M |
| 2 |
Nike
NKE
|
+$1.8M |
| 3 |
Copart
CPRT
|
+$1.58M |
| 4 |
TSMC
TSM
|
+$1.41M |
| 5 |
SIRE
Sisecam Resources LP
SIRE
|
+$1.05M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Packaging Corp of America
PKG
|
+$2.21M |
| 2 |
Western Union
WU
|
+$1.96M |
| 3 |
MSC Industrial Direct
MSM
|
+$1.94M |
| 4 |
Phillips 66
PSX
|
+$1.77M |
| 5 |
Norfolk Southern
NSC
|
+$1.62M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.74% |
| 2 | Consumer Discretionary | 16.66% |
| 3 | Technology | 15.68% |
| 4 | Materials | 14.22% |
| 5 | Industrials | 12.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
151
NatWest
NWG
$69.7B
| – | – |
-154,886
| Closed | -$923K | – |
|
|
152
Packaging Corp of America
PKG
$20.5B
| – | – |
-26,000
| Closed | -$2.21M | – |
|
153
Prudential Financial
PRU
$39.2B
| – | – |
-13,200
| Closed | -$1.37M | – |
|
|
154
Phillips 66
PSX
$119B
| – | – |
-20,500
| Closed | -$1.77M | – |
|
155
Rogers Communications
RCI
$16.8B
| – | – |
-32,500
| Closed | -$1.25M | – |
|
156
Rockwell Automation
ROK
$47B
| – | – |
-10,300
| Closed | -$1.38M | – |
|
157
Union Pacific
UNP
$170B
| – | – |
-12,650
| Closed | -$1.31M | – |
|
|
158
Western Union
WU
$1.89B
| – | – |
-90,000
| Closed | -$1.96M | – |
|
159
DELISTED
Big Lots, Inc.
BIG
| – | – |
-30,000
| Closed | -$1.51M | – |
|
160
DELISTED
Iconix Brand Group, Inc.
ICON
| – | – |
-5,840
| Closed | -$545K | – |
|
161
DELISTED
Praxair Inc
PX
| – | – |
-11,500
| Closed | -$1.35M | – |
|
|
POT
162
DELISTED
Potash Corp Of Saskatchewan
POT
| – | – |
-80,000
| Closed | -$1.45M | – |
|
|
SHPG
163
DELISTED
Shire pic
SHPG
| – | – |
-4,001
| Closed | -$682K | – |
|
Similar funds
MC
BLA
HI
FAM
PSG
ACM
SC
SFPIA
Midas Management's Q1 2017 Portfolio in Review
As of Q1 2017, Midas Management held 163 positions worth $190M, down 10% from $212M the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Midas Management withdrew a net $29.5M in Q1 2017, closing 27 positions and reducing 8 holdings. Its most notable exit was Packaging Corp of America, an estimated $2.21M position sold in full.
By sector, the portfolio is most concentrated in Financials at 18% of assets, down from 19% a quarter earlier, followed by Consumer Discretionary and Technology.
Against the trend, Midas Management opened a new position in Accenture worth $2.4M.
- Midas Management's largest Q1 2017 buy was Accenture: 20,000 shares worth $2.4M.
- Midas Management added most to Sisecam Resources LP in Q1 2017, an estimated $1.05M increase.
- Midas Management's biggest Q1 2017 reduction was Rio Tinto, cutting an estimated $1.49M.
- Midas Management fully exited Packaging Corp of America in Q1 2017, selling an estimated $2.21M.
- Midas Management's ten largest holdings make up 15% of its $190M portfolio in Q1 2017.
- Midas Management opened 5 new positions and closed 27 in Q1 2017.
- Midas Management's portfolio value fell 10% quarter-over-quarter to $190M.
Based on Midas Management's 13F filing for Q1 2017, filed 24 Apr 2017.