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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
-1.8%
1 Year Est. Return
+7.96%
3 Year Est. Return
+43.27%
5 Year Est. Return
+41.1%
10 Year Est. Return
–
AUM
$186M
AUM Growth
-$14.7M
(-7.3%)
Cap. Flow
-$10.1M
Cap. Flow
% of AUM
-5.43%
Top 10 Holdings %
Top 10 Hldgs %
17.29%
Holding
134
New
2
Increased
–
Reduced
5
Closed
9
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Minerals Technologies
MTX
|
+$556K |
| 2 |
Melco Resorts & Entertainment
MLCO
|
+$412K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Enbridge
ENB
|
+$2.33M |
| 2 |
PG&E
PCG
|
+$1.86M |
| 3 |
Vodafone
VOD
|
+$1.47M |
| 4 |
TEF
Telefonica
TEF
|
+$1.44M |
| 5 |
NRF
NorthStar Realty Finance Corp.
NRF
|
+$1.18M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 20.95% |
| 2 | Healthcare | 13.57% |
| 3 | Industrials | 12.14% |
| 4 | Consumer Discretionary | 9.49% |
| 5 | Materials | 9.23% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
W.R. Berkley
WRB
$25.5B
| $4M | 2.15% |
259,875
| – | – |
|
2
GE Aerospace
GE
$357B
| $3.93M | 2.12% |
30,861
| – | – |
|
3
CSX Corp
CSX
$95.2B
| $3.54M | 1.91% |
325,500
| – | – |
|
4
Johnson & Johnson
JNJ
$640B
| $3.32M | 1.79% |
34,100
| – | – |
|
5
Berkshire Hathaway Class B
BRK.B
$1.08T
| $3.2M | 1.72% |
23,500
| – | – |
|
6
Cisco
CSCO
$437B
| $3.13M | 1.68% |
114,000
| – | – |
|
7
Elevance Health
ELV
$86.2B
| $2.81M | 1.51% |
17,100
| – | – |
|
8
Mastercard
MA
$521B
| $2.8M | 1.51% |
30,000
| – | – |
|
9
Philip Morris
PM
$298B
| $2.73M | 1.47% |
34,000
| – | – |
|
10
Rio Tinto
RIO
$171B
| $2.67M | 1.44% |
64,749
| – | – |
|
11
Merck
MRK
$365B
| $2.55M | 1.37% |
46,950
| – | – |
|
12
Honeywell
HON
$69.2B
| $2.55M | 1.37% |
27,822
| – | – |
|
13
First American
FAF
$7.67B
| $2.42M | 1.3% |
65,000
| – | – |
|
14
Sanofi
SNY
$107B
| $2.37M | 1.28% |
47,900
| – | – |
|
15
Wells Fargo
WFC
$259B
| $2.36M | 1.27% |
42,000
| – | – |
|
|
JNPR
16
DELISTED
Juniper Networks
JNPR
| $2.36M | 1.27% |
90,750
| – | – |
|
|
ORAN
17
DELISTED
Orange
ORAN
| $2.3M | 1.24% |
150,000
| – | – |
|
18
Blackstone
BX
$109B
| $2.25M | 1.21% |
56,045
| – | – |
|
19
Labcorp
LH
$27.4B
| $2.19M | 1.18% |
21,068
| – | – |
|
20
Philips
PHG
$26.3B
| $2.19M | 1.18% |
120,158
-3,935
| -3% | -$77.7K |
|
21
IBM
IBM
$223B
| $2.17M | 1.17% |
13,964
| – | – |
|
|
ALTR
22
DELISTED
Altera Corp
ALTR
| $2.15M | 1.16% |
42,000
| – | – |
|
23
AGCO
AGCO
$7.91B
| $2.1M | 1.13% |
37,000
| – | – |
|
24
McDonald's
MCD
$187B
| $2.04M | 1.1% |
21,500
| – | – |
|
|
CA
25
DELISTED
CA, Inc.
CA
| $2.04M | 1.1% |
69,750
| – | – |
|
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Midas Management's Q2 2015 Portfolio in Review
As of Q2 2015, Midas Management held 134 positions worth $186M, down 7.3% from $200M the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Midas Management withdrew a net $10.1M in Q2 2015, closing 9 positions and reducing 5 holdings. Its most notable exit was Enbridge, an estimated $2.33M position sold in full.
By sector, the portfolio is most concentrated in Financials at 21% of assets, up from 20% a quarter earlier, followed by Healthcare and Industrials.
Against the trend, Midas Management opened a new position in Minerals Technologies worth $545K.
- Midas Management's largest Q2 2015 buy was Minerals Technologies: 8,000 shares worth $545K.
- Midas Management's biggest Q2 2015 reduction was Newmont, cutting an estimated $474K.
- Midas Management fully exited Enbridge in Q2 2015, selling an estimated $2.33M.
- Midas Management's ten largest holdings make up 17% of its $186M portfolio in Q2 2015.
- Midas Management opened 2 new positions and closed 9 in Q2 2015.
- Midas Management's portfolio value fell 7.3% quarter-over-quarter to $186M.
Based on Midas Management's 13F filing for Q2 2015, filed 3 Aug 2015.