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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
HLNE icon
26
PUT
Hamilton Lane
HLNE
$3.75B
$58K 0.07%
+10,000
New +$1.13M
SOXX icon
27
PUT
iShares Semiconductor ETF
SOXX
$43.4B
$18.9K 0.02%
+12,000
New +$2.49M
COP icon
28
ConocoPhillips
COP
$140B
– –
-29,233
Closed -$3.39M
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.