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