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
-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
Cap. Flow
-$10.1M
Cap. Flow %
-5.43%
Top 10 Hldgs %
17.29%
Holding
134
New
2
Increased
–
Reduced
5
Closed
9
Avg Time Held
1.2 years
Top 10 Avg Time Held
1.1 years
Top 20 Avg Time Held
1 year

Top Buys

Rank Stock Value
1
MTX icon
Minerals Technologies
MTX
+$556K
2
MLCO icon
Melco Resorts & Entertainment
MLCO
+$412K

Top Sells

Rank Stock Value
1
ENB icon
Enbridge
ENB
+$2.33M
2
PCG icon
PG&E
PCG
+$1.86M
3
VOD icon
Vodafone
VOD
+$1.47M
4
TEF icon
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 Held Since
WRB icon
1
W.R. Berkley
WRB
$27.4B
$4M 2.15%
259,875
– –
2014 Q3
3 quarters
GE icon
2
GE Aerospace
GE
$319B
$3.93M 2.12%
30,861
– –
2013 Q2
8 quarters
CSX icon
3
CSX Corp
CSX
$89.4B
$3.54M 1.91%
325,500
– –
2013 Q2
8 quarters
JNJ icon
4
Johnson & Johnson
JNJ
$612B
$3.32M 1.79%
34,100
– –
2013 Q2
8 quarters
BRK.B icon
5
Berkshire Hathaway Class B
BRK.B
$1.13T
$3.2M 1.72%
23,500
– –
2013 Q2
8 quarters
CSCO icon
6
Cisco
CSCO
$448B
$3.13M 1.68%
114,000
– –
2013 Q2
8 quarters
ELV icon
7
Elevance Health
ELV
$92.8B
$2.81M 1.51%
17,100
– –
2014 Q1
5 quarters
MA icon
8
Mastercard
MA
$528B
$2.8M 1.51%
30,000
– –
2013 Q2
8 quarters
PM icon
9
Philip Morris
PM
$320B
$2.73M 1.47%
34,000
– –
2013 Q2
8 quarters
RIO icon
10
Rio Tinto
RIO
$148B
$2.67M 1.44%
64,749
– –
2013 Q2
8 quarters
MRK icon
11
Merck
MRK
$364B
$2.55M 1.37%
46,950
– –
2013 Q2
8 quarters
HON icon
12
Honeywell
HON
$65.8B
$2.55M 1.37%
27,822
– –
2013 Q2
8 quarters
FAF icon
13
First American
FAF
$6.34B
$2.42M 1.3%
65,000
– –
2014 Q3
3 quarters
SNY icon
14
Sanofi
SNY
$95.3B
$2.37M 1.28%
47,900
– –
2013 Q2
8 quarters
WFC icon
15
Wells Fargo
WFC
$243B
$2.36M 1.27%
42,000
– –
2013 Q2
8 quarters
JNPR icon
16
DELISTED
Juniper Networks
JNPR
$2.36M 1.27%
90,750
– –
2014 Q4
2 quarters
ORAN icon
17
DELISTED
Orange
ORAN
$2.3M 1.24%
150,000
– –
2014 Q3
3 quarters
BX icon
18
Blackstone
BX
$79.7B
$2.25M 1.21%
56,045
– –
2014 Q4
2 quarters
LH icon
19
Labcorp
LH
$25.7B
$2.19M 1.18%
21,068
– –
2014 Q4
2 quarters
PHG icon
20
Philips
PHG
$24.4B
$2.19M 1.18%
120,158
-3,935
-3% -$77.7K
2014 Q4
2 quarters
IBM icon
21
IBM
IBM
$215B
$2.17M 1.17%
13,964
– –
2014 Q4
2 quarters
ALTR icon
22
DELISTED
Altera Corp
ALTR
$2.15M 1.16%
42,000
– –
2015 Q1
1 quarter
AGCO icon
23
AGCO
AGCO
$7.48B
$2.1M 1.13%
37,000
– –
2014 Q3
3 quarters
MCD icon
24
McDonald's
MCD
$169B
$2.04M 1.1%
21,500
– –
2013 Q2
8 quarters
CA icon
25
DELISTED
CA, Inc.
CA
$2.04M 1.1%
69,750
– –
2014 Q4
2 quarters
1
2 3 4 5

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HI
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FAM
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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.