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ERM

Elm Ridge Management Portfolio holdings

AUM $88.8M
1-Year Est. Return 18.88%
This Fund
S&P 500
This Quarter Est. Return
+8.65%
1 Year Est. Return
+18.88%
3 Year Est. Return
+93.64%
5 Year Est. Return
+193.58%
10 Year Est. Return
+285.91%
AUM
$88.8M
AUM Growth
-$1.45M
Cap. Flow
-$3.98M
Cap. Flow %
-4.48%
Top 10 Hldgs %
54.59%
Holding
28
New
3
Increased
5
Reduced
10
Closed
1

Top Buys

1
DAN icon
Dana Inc
DAN
+$553K
2
MGY icon
Magnolia Oil & Gas
MGY
+$510K
3
EQT icon
EQT Corp
EQT
+$472K
4
NWL icon
Newell Brands
NWL
+$248K
5
NTGR icon
NETGEAR
NTGR
+$240K

Top Sells

1
COP icon
ConocoPhillips
COP
+$3.39M
2
AER icon
AerCap
AER
+$1.17M
3
ARCB icon
ArcBest
ARCB
+$1.01M
4
VAL icon
Valaris
VAL
+$906K
5
DVN icon
Devon Energy
DVN
+$731K

Sector Composition

1 Energy 36.18%
2 Materials 24.86%
3 Financials 16.77%
4 Industrials 11.28%
5 Consumer Discretionary 9.24%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AER icon
1
AerCap
AER
$23.2B
$6.25M 7.04%
71,954
-14,954
-17% -$1.17M
SLVM icon
2
Sylvamo
SLVM
$1.52B
$5.84M 6.57%
94,562
-3,925
-4% -$210K
C icon
3
Citigroup
C
$217B
$5.81M 6.55%
91,925
– –
OMF icon
4
OneMain Financial
OMF
$6.97B
$5.61M 6.32%
109,776
+11
+0% +$525
LYB icon
5
LyondellBasell Industries
LYB
$19.1B
$5.35M 6.02%
52,300
– –
MT icon
6
ArcelorMittal
MT
$50.1B
$4.31M 4.85%
156,189
– –
MGY icon
7
Magnolia Oil & Gas
MGY
$5.04B
$3.96M 4.46%
152,503
+23,256
+18% +$510K
AA icon
8
Alcoa
AA
$11.6B
$3.89M 4.38%
115,022
-14,481
-11% -$424K
ARCB icon
9
ArcBest
ARCB
$3.56B
$3.76M 4.24%
26,403
-7,703
-23% -$1.01M
AR icon
10
Antero Resources
AR
$10.4B
$3.7M 4.16%
127,517
-18,367
-13% -$443K
SYF icon
11
Synchrony
SYF
$24.8B
$3.47M 3.9%
80,398
– –
EQT icon
12
EQT Corp
EQT
$31B
$3.34M 3.77%
90,188
+13,173
+17% +$472K
VAL icon
13
Valaris
VAL
$5.3B
$3.27M 3.68%
43,464
-13,509
-24% -$906K
DVN icon
14
Devon Energy
DVN
$50.6B
$3.26M 3.68%
65,065
-16,471
-20% -$731K
APA icon
15
APA Corp
APA
$12.4B
$3.17M 3.57%
92,104
-14,509
-14% -$460K
CNQ icon
16
Canadian Natural Resources
CNQ
$91.5B
$3.15M 3.55%
82,652
– –
NOV icon
17
NOV
NOV
$7.01B
$3.13M 3.53%
160,402
-23,231
-13% -$432K
LEA icon
18
Lear
LEA
$7.1B
$3M 3.38%
20,713
– –
ADNT icon
19
Adient
ADNT
$1.55B
$2.76M 3.11%
83,969
-13,140
-14% -$447K
CC icon
20
Chemours
CC
$2.63B
$2.7M 3.04%
102,641
– –
NBR icon
21
Nabors Industries
NBR
$1.24B
$2.62M 2.95%
30,374
– –
RRC icon
22
Range Resources
RRC
$8.66B
$2.52M 2.84%
73,283
– –
DAN icon
23
Dana Inc
DAN
$2.86B
$2.44M 2.75%
192,099
+42,636
+29% +$553K
NWL icon
24
Newell Brands
NWL
$2.22B
$1.15M 1.29%
142,897
+31,180
+28% +$248K
NTGR icon
25
NETGEAR
NTGR
$602M
$260K 0.29%
+16,480
New +$240K
1
2

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Elm Ridge Management's Q1 2024 Portfolio in Review

As of Q1 2024, Elm Ridge Management held 28 positions worth $88.8M, down 1.6% from $90.2M the previous quarter. Its ten largest holdings account for 55% of the portfolio.

Elm Ridge Management withdrew a net $3.98M in Q1 2024, closing 1 position and reducing 10 holdings. Its most notable exit was ConocoPhillips, an estimated $3.39M position sold in full.

By sector, the portfolio is most concentrated in Energy at 36% of assets, down from 39% a quarter earlier, followed by Materials and Financials.

Against the trend, Elm Ridge Management opened a new position in NETGEAR worth $260K.

  • Elm Ridge Management's largest Q1 2024 buy was NETGEAR: 16,480 shares worth $260K.
  • Elm Ridge Management added most to Dana Inc in Q1 2024, an estimated $553K increase.
  • Elm Ridge Management's biggest Q1 2024 reduction was AerCap, cutting an estimated $1.17M.
  • Elm Ridge Management fully exited ConocoPhillips in Q1 2024, selling an estimated $3.39M.
  • Elm Ridge Management's ten largest holdings make up 55% of its $88.8M portfolio in Q1 2024.
  • Elm Ridge Management opened 3 new positions and closed 1 in Q1 2024.
  • Elm Ridge Management's portfolio value fell 1.6% quarter-over-quarter to $88.8M.

Based on Elm Ridge Management's 13F filing for Q1 2024, filed 15 May 2024.