0000065957-11-000004.txt : 20110513
0000065957-11-000004.hdr.sgml : 20110513
20110513145709
ACCESSION NUMBER: 0000065957-11-000004
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20110331
FILED AS OF DATE: 20110513
DATE AS OF CHANGE: 20110513
EFFECTIVENESS DATE: 20110513
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: MIDAS MANAGEMENT CORP
CENTRAL INDEX KEY: 0000065957
IRS NUMBER: 133823733
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 13F-HR
SEC ACT: 1934 Act
SEC FILE NUMBER: 028-06269
FILM NUMBER: 11840182
BUSINESS ADDRESS:
STREET 1: 11 HANOVER SQUARE
CITY: NEW YORK
STATE: NY
ZIP: 10005
BUSINESS PHONE: 2124806432
MAIL ADDRESS:
STREET 1: 11 HANOVER SQUARE
CITY: NEW YORK
STATE: NY
ZIP: 10005
13F-HR
1
mmc13fmarch2011.txt
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
FORM 13F
Report for the Calendar Year or Quarter Ended: March 31, 2011
Check here if Amendment [ ]; Amendment Number
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Midas Management Corporation
11 Hanover Square
New York, NY 10005
Form 13F File Number: 028-06269
The institutional investment manager filing this report and the person by
whom it is signed hereby represent that the person signing the report is
authorized to submit it, that all information contained herein is true, correct
and complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
John F. Ramirez
Chief Compliance Officer
1-212-480-6432
/s/John F. Ramirez
Midas Management Corporation
May 13, 2011
Report Type (Check only one):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager
are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this report, and
all holdings are reported by other reporting manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this
reporting manager are reported in this report and a portion are reported by
other reporting manager(s).)
Report Summary:
Number of Other Included Managers: 2
Form 13F Information Table Entry Total: 135
Form 13F Table Value Total: $189,101
(Thousands)
List of Other Managers:
1. CEF Advisers, Inc.
2. Bexil Advisers LLC
SHRS OR
NAME OF ISSUER TITLE OF CLASS CUSIP VALUE [XS 1000] PRN AMOUNT
----------------------------------------------------------------------------------------------------------------------------
ANGLOGOLD ASHANTI LTD SPONSORED ADR 035128206 4,795 100,000
APPLE INC COM 037833100 1,070 3,072
AURIZON MINES LTD COM 05155P106 949 135,000
BANCO BRADESCO S A SP ADR PFD NEW 059460303 201 9,672
BARRICK GOLD CRP COM 067901108 7,787 150,000
BECTON DICKINSON & CO COM 075887109 239 3,000
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 4,516 54,000
CANADIAN NAT RES LTD COM 136385101 989 20,000
COMCAST CORP NEW CL A 20030N200 214 9,211
COSTCO WHSL CORP NEW COM 22160K105 733 10,000
ELDORADO GOLD CORP NEW COM 284902103 5,285 325,000
EXXON MOBIL CORP COM 30231G102 175 2,079
FREEPORT-MCMORAN COPPER & GO COM 35671D857 6,666 120,000
GENERAL ELECTRIC CO COM 369604103 722 36,000
GOLDEN STAR RES LTD CDA COM 38119T104 1,577 531,000
GOLDMAN SACHS GROUP INC COM 38141G104 618 3,900
GOOGLE INC CL A 38259P508 1,359 2,319
GREAT BASIN GOLD LTD COM 390124105 2,640 1,000,000
HEWLETT PACKARD CO COM 428236103 177 4,331
HUDBAY MINERALS INC COM 443628102 2,854 175,000
IAMGOLD CORP COM 450913108 4,404 200,000
INTERNATIONAL TOWER HILL MIN COM 46050R102 5,015 500,000
ISHARES SILVER TRUST ISHARES 46428Q109 943 25,643
JAGUAR MNG INC COM 47009M103 4,176 800,000
JOHNSON & JOHNSON COM 478160104 652 11,000
JPMORGAN CHASE & CO COM 46625H100 894 19,400
KINROSS GOLD CORP COM NO PAR 496902404 5,030 319,369
MASTERCARD INC CL A 57636Q104 2,517 10,000
MICROSOFT CORP COM 594918104 177 6,994
NEWMONT MINING CORP COM 651639106 5,458 100,000
NORTHERN DYNASTY MINERALS LT COM NEW 66510M204 7,520 500,000
NORTHGATE MINERALS CORP COM 666416102 5,670 2,100,000
OCCIDENTAL PETE CORP DEL COM 674599105 170 1,624
ORACLE CORP COM 68389X105 212 6,348
PLATINUM GROUP METALS LTD COM NEW 72765Q205 3,038 1,500,000
RANDGOLD RES LTD ADR 752344309 2,446 30,000
SILVERCORP METALS INC COM 82835P103 4,371 300,000
SPDR GOLD TRUST GOLD SHS 78463V107 2,757 19,721
TRAVELERS COMPANIES INC COM 89417E109 535 9,000
WELLS FARGO & CO NEW COM 949746101 195 6,140
3M CO COM 88579Y101 187 2,000
ALLIANCEBERNSTEIN INCOME FUN COM 01881E101 1,038 135,000
ALPINE GLOBAL PREMIER PPTYS COM SBI 02083A103 819 116,824
AMAZON COM INC COM 023135106 360 2,000
APPLE INC COM 037833100 732 2,100
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 293 3,500
BLACKROCK CREDIT ALL IN TR I COM SHS 09249V103 948 90,000
BLACKROCK CREDIT ALL INC TR COM 09255J101 915 100,000
BLACKROCK INCOME TR INC COM 09247F100 705 104,900
CALAMOS STRATEGIC TOTL RETN COM SH BEN INT 128125101 1,157 118,958
COHEN & STEERS DIV MJRS FDIN COM 19248G106 162 12,248
COHEN & STEERS INFRASTRUCTUR COM 19248A109 1,286 72,871
DCA TOTAL RETURN FD COM 233066109 2,288 610,153
EXXON MOBIL CORP COM 30231G102 210 2,500
FIRST TR STRAT HGH INC FD II COM 33735C106 916 213,488
FRANKLIN RES INC COM 354613101 375 3,000
GABELLI DIVD & INCOME TR COM 36242H104 898 54,000
GOLDMAN SACHS GROUP INC COM 38141G104 158 1,000
GOOGLE INC CL A 38259P508 293 500
HELIOS ADVANTAGE INCOME FD I COM NEW 42327W206 1,141 148,152
HOME DEPOT INC COM 437076102 259 7,000
KOHLBERG CAPITAL CORP COM 500233101 1,111 134,552
LAZARD WORLD DIVID & INCOME COM 521076109 884 65,696
LMP CAP & INCOME FD INC COM 50208A102 381 28,636
MACQUARIE FT TR GB INF UT DI COM 55607W100 1,462 92,019
MACQUARIE GLBL INFRA TOTL RE COM 55608D101 1,166 64,023
MCDONALDS CORP COM 580135101 228 3,000
MCG CAPITAL CORP COM 58047P107 715 110,000
MICROSOFT CORP COM 594918104 152 6,000
MVC CAPITAL INC COM 553829102 1,393 101,500
NFJ DIVID INT & PREM STRTGY COM SHS 65337H109 1,367 75,191
NGP CAP RES CO COM 62912R107 1,270 131,748
NUVEEN DIVERSIFIED DIV INCM COM 6706EP105 702 62,000
NUVEEN MULTI STRAT INC GR FD COM SHS 67073D102 832 93,000
PROCTER & GAMBLE COM 742718109 246 4,000
RIVERSOURCE LASALLE INTL R/E COM 76932W102 736 74,453
RMR REAL ESTATE INCOME FD COM 74964K609 1,862 59,477
SARATOGA INVESTMENT CORP COM 80349A109 1,294 60,598
SOURCE CAP INC COM 836144105 1,165 20,000
UNITED PARCEL SERVICE INC CL B 911312106 223 3,000
WELLS FARGO & CO NEW COM 949746101 190 6,000
WESTERN ASSET GLOBAL CP DEFI COM 95790C107 1,113 60,866
3M CO COM 88579Y101 1,870 20,000
ABBOTT LABS COM 002824100 1,472 30,000
ACE LTD SHS H0023R105 1,294 20,000
ALTRIA GROUP INC COM 02209S103 781 30,000
ANNALY CAP MGMT INC COM 035710409 932 53,400
APOLLO INVT CORP COM 03761U106 1,327 110,000
AT&T INC COM 00206R102 1,377 45,000
AVON PRODS INC COM 054303102 1,352 50,000
BRISTOL MYERS SQUIBB CO COM 110122108 1,454 55,000
COCA COLA CO COM 191216100 995 15,000
DOW CHEM CO COM 260543103 755 20,000
DU PONT E I DE NEMOURS & CO COM 263534109 1,099 20,000
EMERSON ELEC CO COM 291011104 1,169 20,000
ENERGY TRANSFER PRTNRS L P UNIT LTD PARTN 29273R109 2,019 39,000
ENTERPRISE PRODS PARTNERS L COM 293792107 861 20,000
EXXON MOBIL CORP COM 30231G102 1,683 20,000
FRONTIER COMMUNICATIONS CORP COM 35906A108 1,151 140,000
GENERAL ELECTRIC CO COM 369604103 1,404 70,000
HEWLETT PACKARD CO COM 428236103 1,024 25,000
HONEYWELL INTL COM 438516106 1,493 25,000
HORIZON TECHNOLOGY FIN CORP COM 44045A102 643 40,000
INTEL CORP COM 458140100 807 40,000
INTERNATIONAL BUSINESS MACHS COM 459200101 326 2,000
JPMORGAN CHASE & CO COM 46625H100 1,696 36,800
KRAFT FOODS INC CL A 50075N104 314 10,000
LIMITED BRANDS INC COM 532716107 1,776 54,000
LINCOLN NATL CORP IND COM 534187109 901 30,000
MATTEL INC COM 577081102 623 25,000
MERCK & CO INC NEW COM 58933Y105 660 20,000
METLIFE INC COM 59156R108 1,789 40,000
MFA FINANCIAL INC COM 55272X102 1,230 150,000
MICROCHIP TECHNOLOGY INC COM 595017104 1,330 35,000
MICROSOFT CORP COM 594918104 761 30,000
NORDIC AMERICAN TANKER SHIPP COM G65773106 373 15,000
NYSE EURONEXT COM 629491101 528 15,000
OCCIDENTAL PETE CORP DEL COM 674599105 853 8,160
PAYCHEX INC COM 704326107 314 10,000
PEOPLES UNITED FINANCIAL INC COM 712704105 755 60,000
PEPSICO INC COM 713448108 644 10,000
PFIZER INC COM 717081103 1,625 80,000
PHILIP MORRIS INTL INC COM 718172109 656 10,000
PPG INDS INC COM 693506107 952 10,000
QUALCOMM INC COM 747525103 548 10,000
SEASPAN CORP SHS B0GNP30 973 50,000
SOLAR CAP LTD COM 83413U100 847 35,465
SOUTHERN CO COM 842587107 2,477 65,000
SPDR SERIES TRUST SPDR KBW BK ETF 78464A797 1,678 65,000
TARGET CORP COM 87612E106 800 16,000
UNITED TECHNOLOGIES CORP COM 913017109 847 10,000
VERIZON COMMUNICATIONS INC COM 92343V104 1,349 35,000
VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 575 20,000
WASTE MGMT INC DEL COM 94106L109 560 15,000
Investment Other Voting Authority
Name of Issuer Sh/Prn Put/Call Discretion Managers Sole Shared None
------------------------------------------------------------------------------------------------------------------------------------
ANGLOGOLD ASHANTI LTD DEFINED 100,000
APPLE INC DEFINED 3,072
AURIZON MINES LTD DEFINED 135,000
BANCO BRADESCO S A DEFINED 9,672
BARRICK GOLD CRP DEFINED 150,000
BECTON DICKINSON & CO DEFINED 3,000
BERKSHIRE HATHAWAY INC DEL DEFINED 54,000
CANADIAN NAT RES LTD DEFINED 20,000
COMCAST CORP NEW DEFINED 9,211
COSTCO WHSL CORP NEW DEFINED 10,000
ELDORADO GOLD CORP NEW DEFINED 325,000
EXXON MOBIL CORP DEFINED 2,079
FREEPORT-MCMORAN COPPER & GO DEFINED 120,000
GENERAL ELECTRIC CO DEFINED 36,000
GOLDEN STAR RES LTD CDA DEFINED 531,000
GOLDMAN SACHS GROUP INC DEFINED 3,900
GOOGLE INC DEFINED 2,319
GREAT BASIN GOLD LTD DEFINED 1,000,000
HEWLETT PACKARD CO DEFINED 4,331
HUDBAY MINERALS INC DEFINED 175,000
IAMGOLD CORP DEFINED 200,000
INTERNATIONAL TOWER HILL MIN DEFINED 500,000
ISHARES SILVER TRUST DEFINED 25,643
JAGUAR MNG INC DEFINED 800,000
JOHNSON & JOHNSON DEFINED 11,000
JPMORGAN CHASE & CO DEFINED 19,400
KINROSS GOLD CORP DEFINED 319,369
MASTERCARD INC DEFINED 10,000
MICROSOFT CORP DEFINED 6,994
NEWMONT MINING CORP DEFINED 100,000
NORTHERN DYNASTY MINERALS LT DEFINED 500,000
NORTHGATE MINERALS CORP DEFINED 2,100,000
OCCIDENTAL PETE CORP DEL DEFINED 1,624
ORACLE CORP DEFINED 6,348
PLATINUM GROUP METALS LTD DEFINED 1,500,000
RANDGOLD RES LTD DEFINED 30,000
SILVERCORP METALS INC DEFINED 300,000
SPDR GOLD TRUST DEFINED 19,721
TRAVELERS COMPANIES INC DEFINED 9,000
WELLS FARGO & CO NEW DEFINED 6,140
3M CO DEFINED 1 2,000
ALLIANCEBERNSTEIN INCOME FUN DEFINED 1 135,000
ALPINE GLOBAL PREMIER PPTYS DEFINED 1 116,824
AMAZON COM INC DEFINED 1 2,000
APPLE INC DEFINED 1 2,100
BERKSHIRE HATHAWAY INC DEL DEFINED 1 3,500
BLACKROCK CREDIT ALL IN TR I DEFINED 1 90,000
BLACKROCK CREDIT ALL INC TR DEFINED 1 100,000
BLACKROCK INCOME TR INC DEFINED 1 104,900
CALAMOS STRATEGIC TOTL RETN DEFINED 1 118,958
COHEN & STEERS DIV MJRS FDIN DEFINED 1 12,248
COHEN & STEERS INFRASTRUCTUR DEFINED 1 72,871
DCA TOTAL RETURN FD DEFINED 1 610,153
EXXON MOBIL CORP DEFINED 1 2,500
FIRST TR STRAT HGH INC FD II DEFINED 1 213,488
FRANKLIN RES INC DEFINED 1 3,000
GABELLI DIVD & INCOME TR DEFINED 1 54,000
GOLDMAN SACHS GROUP INC DEFINED 1 1,000
GOOGLE INC DEFINED 1 500
HELIOS ADVANTAGE INCOME FD I DEFINED 1 148,152
HOME DEPOT INC DEFINED 1 7,000
KOHLBERG CAPITAL CORP DEFINED 1 134,552
LAZARD WORLD DIVID & INCOME DEFINED 1 65,696
LMP CAP & INCOME FD INC DEFINED 1 28,636
MACQUARIE FT TR GB INF UT DI DEFINED 1 92,019
MACQUARIE GLBL INFRA TOTL RE DEFINED 1 64,023
MCDONALDS CORP DEFINED 1 3,000
MCG CAPITAL CORP DEFINED 1 110,000
MICROSOFT CORP DEFINED 1 6,000
MVC CAPITAL INC DEFINED 1 101,500
NFJ DIVID INT & PREM STRTGY DEFINED 1 75,191
NGP CAP RES CO DEFINED 1 131,748
NUVEEN DIVERSIFIED DIV INCM DEFINED 1 62,000
NUVEEN MULTI STRAT INC GR FD DEFINED 1 93,000
PROCTER & GAMBLE DEFINED 1 4,000
RIVERSOURCE LASALLE INTL R/E DEFINED 1 74,453
RMR REAL ESTATE INCOME FD DEFINED 1 59,477
SARATOGA INVESTMENT CORP DEFINED 1 60,598
SOURCE CAP INC DEFINED 1 20,000
UNITED PARCEL SERVICE INC DEFINED 1 3,000
WELLS FARGO & CO NEW DEFINED 1 6,000
WESTERN ASSET GLOBAL CP DEFI DEFINED 1 60,866
3M CO DEFINED 2 20,000
ABBOTT LABS DEFINED 2 30,000
ACE LTD DEFINED 2 20,000
ALTRIA GROUP INC DEFINED 2 30,000
ANNALY CAP MGMT INC DEFINED 2 53,400
APOLLO INVT CORP DEFINED 2 110,000
AT&T INC DEFINED 2 45,000
AVON PRODS INC DEFINED 2 50,000
BRISTOL MYERS SQUIBB CO DEFINED 2 55,000
COCA COLA CO DEFINED 2 15,000
DOW CHEM CO DEFINED 2 20,000
DU PONT E I DE NEMOURS & CO DEFINED 2 20,000
EMERSON ELEC CO DEFINED 2 20,000
ENERGY TRANSFER PRTNRS L P DEFINED 2 39,000
ENTERPRISE PRODS PARTNERS L DEFINED 2 20,000
EXXON MOBIL CORP DEFINED 2 20,000
FRONTIER COMMUNICATIONS CORP DEFINED 2 140,000
GENERAL ELECTRIC CO DEFINED 2 70,000
HEWLETT PACKARD CO DEFINED 2 25,000
HONEYWELL INTL DEFINED 2 25,000
HORIZON TECHNOLOGY FIN CORP DEFINED 2 40,000
INTEL CORP DEFINED 2 40,000
INTERNATIONAL BUSINESS MACHS DEFINED 2 2,000
JPMORGAN CHASE & CO DEFINED 2 36,800
KRAFT FOODS INC DEFINED 2 10,000
LIMITED BRANDS INC DEFINED 2 54,000
LINCOLN NATL CORP IND DEFINED 2 30,000
MATTEL INC DEFINED 2 25,000
MERCK & CO INC NEW DEFINED 2 20,000
METLIFE INC DEFINED 2 40,000
MFA FINANCIAL INC DEFINED 2 150,000
MICROCHIP TECHNOLOGY INC DEFINED 2 35,000
MICROSOFT CORP DEFINED 2 30,000
NORDIC AMERICAN TANKER SHIPP DEFINED 2 15,000
NYSE EURONEXT DEFINED 2 15,000
OCCIDENTAL PETE CORP DEL DEFINED 2 8,160
PAYCHEX INC DEFINED 2 10,000
PEOPLES UNITED FINANCIAL INC DEFINED 2 60,000
PEPSICO INC DEFINED 2 10,000
PFIZER INC DEFINED 2 80,000
PHILIP MORRIS INTL INC DEFINED 2 10,000
PPG INDS INC DEFINED 2 10,000
QUALCOMM INC DEFINED 2 10,000
SEASPAN CORP DEFINED 2 50,000
SOLAR CAP LTD DEFINED 2 35,465
SOUTHERN CO DEFINED 2 65,000
SPDR SERIES TRUST DEFINED 2 65,000
TARGET CORP DEFINED 2 16,000
UNITED TECHNOLOGIES CORP DEFINED 2 10,000
VERIZON COMMUNICATIONS INC DEFINED 2 35,000
VODAFONE GROUP PLC NEW DEFINED 2 20,000
WASTE MGMT INC DEL DEFINED 2 15,000