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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
+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
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 | |
|---|---|---|---|---|---|---|
176
Welltower
WELL
$173B
| – | – |
-22,500
| Closed | -$1.56M |
|
|
177
Wells Fargo
WFC
$260B
| – | – |
-42,000
| Closed | -$2.03M |
|
|
TLI
178
DELISTED
Western Asset Corporate Loan Fund Inc.
TLI
| – | – |
-12,400
| Closed | -$121K |
|
|
TFCFA
179
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| – | – |
-7,400
| Closed | -$206K |
|
|
AGC
180
DELISTED
Advent Claymore Conv Sec & Incme
AGC
| – | – |
-41,100
| Closed | -$223K |
|
|
CPN
181
DELISTED
Calpine Corporation
CPN
| – | – |
-70,000
| Closed | -$1.06M |
|
|
PNRA
182
DELISTED
Panera Bread Co
PNRA
| – | – |
-400
| Closed | -$82K |
|
|
BXLT
183
DELISTED
BAXALTA INC COM STK (DE)
BXLT
| – | – |
-27,000
| Closed | -$1.09M |
|
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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.