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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
+7.77%
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
$817M
AUM Growth
-$103M
(-11%)
Cap. Flow
-$169M
Cap. Flow
% of AUM
-20.72%
Top 10 Holdings %
Top 10 Hldgs %
37.84%
Holding
71
New
4
Increased
11
Reduced
25
Closed
14
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
IPG
Interpublic Group of Companies
IPG
|
+$13M |
| 2 |
Abercrombie & Fitch
ANF
|
+$9.91M |
| 3 |
ARO
Aeropostale Inc
ARO
|
+$9.51M |
| 4 |
SVU
SUPERVALU Inc.
SVU
|
+$8.66M |
| 5 |
Jabil
JBL
|
+$6.46M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Lear
LEA
|
+$19.4M |
| 2 |
AET
Aetna Inc
AET
|
+$17.6M |
| 3 |
DNY
DONNELLEY R R & SONS CO
DNY
|
+$16.7M |
| 4 |
NAV
Navistar International
NAV
|
+$15.2M |
| 5 |
First American
FAF
|
+$13.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 21.44% |
| 2 | Technology | 11.81% |
| 3 | Healthcare | 11.77% |
| 4 | Industrials | 10.95% |
| 5 | Materials | 10.52% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
IPG
26
DELISTED
Interpublic Group of Companies
IPG
| $13.7M | 1.68% |
+773,500
| New | +$13M |
|
27
Boise Cascade
BCC
$2.74B
| $13.4M | 1.64% |
454,725
-927
| -0.2% | -$24.2K |
|
28
Citigroup
C
$222B
| $13.1M | 1.61% |
251,645
-8,643
| -3% | -$437K |
|
|
CNQR
29
DELISTED
CONCUR TECHNOLOGIES INC
CNQR
| $12.9M | 1.58% |
125,387
| – | – |
|
30
JPMorgan Chase
JPM
$939B
| $11.9M | 1.46% |
203,871
-41,629
| -17% | -$2.28M |
|
31
Martin Marietta Materials
MLM
$33.6B
| $11.6M | 1.42% |
116,110
| – | – |
|
|
X
32
DELISTED
US Steel
X
| $11.2M | 1.37% |
379,000
+84,000
| +28% | +$2.16M |
|
|
TECD
33
DELISTED
Tech Data Corp
TECD
| $10.9M | 1.33% |
210,594
-32,716
| -13% | -$1.67M |
|
|
WFT
34
DELISTED
Weatherford International plc
WFT
| $10.8M | 1.32% |
694,826
-547,379
| -44% | -$8.7M |
|
|
UFS
35
DELISTED
DOMTAR CORPORATION (New)
UFS
| $10.7M | 1.3% |
225,956
+47,756
| +27% | +$2.07M |
|
36
Marriott Vacations Worldwide
VAC
$3.24B
| $9.87M | 1.21% |
187,122
+89,722
| +92% | +$4.51M |
|
37
Ulta Beauty
ULTA
$20.4B
| $9.65M | 1.18% |
100,000
| – | – |
|
|
38
Abercrombie & Fitch
ANF
$4.17B
| $9.46M | 1.16% |
+287,300
| New | +$9.91M |
|
|
ARO
39
DELISTED
Aeropostale Inc
ARO
| $9.44M | 1.16% |
+1,038,400
| New | +$9.51M |
|
40
Texas Capital Bancshares
TCBI
$4.31B
| $9.35M | 1.14% |
150,234
| – | – |
|
41
Under Armour
UAA
$3B
| $9M | 1.1% |
415,367
| – | – |
|
|
FCS
42
DELISTED
FAIRCHILD SEMICONDUCTOR INTL INC COMMON
FCS
| $8.13M | 1% |
609,295
-405,903
| -40% | -$5.2M |
|
43
Lindsay Corp
LNN
$1.16B
| $7.62M | 0.93% |
92,134
-13,000
| -12% | -$1.01M |
|
44
Cleveland-Cliffs
CLF
$6.81B
| $6.87M | 0.84% |
262,000
| – | – |
|
|
CAB
45
DELISTED
Cabela's Inc
CAB
| $6.59M | 0.81% |
98,807
+44,887
| +83% | +$2.79M |
|
|
USG
46
DELISTED
Usg
USG
| $5.6M | 0.69% |
197,458
| – | – |
|
47
Douglas Emmett
DEI
$2.06B
| $5.04M | 0.62% |
216,585
| – | – |
|
48
TransDigm Group
TDG
$69.2B
| $4.13M | 0.51% |
25,665
| – | – |
|
|
DNY
49
CALL
DELISTED
DONNELLEY R R & SONS CO
DNY
| $4.06M | 0.5% |
+200,000
| New | +$4.06M |
|
50
Digital Realty Trust
DLR
$73.7B
| $3.69M | 0.45% |
75,197
+48,499
| +182% | +$2.41M |
|
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Elm Ridge Management's Q4 2013 Portfolio in Review
As of Q4 2013, Elm Ridge Management held 71 positions worth $817M, down 11% from $920M the previous quarter. Its ten largest holdings account for 38% of the portfolio.
Elm Ridge Management withdrew a net $169M in Q4 2013, closing 14 positions and reducing 25 holdings. Its most notable exit was Lear, an estimated $19.4M position sold in full.
By sector, the portfolio is most concentrated in Financials at 21% of assets, down from 21% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Elm Ridge Management opened a new position in Interpublic Group of Companies worth $13.7M.
- Elm Ridge Management's largest Q4 2013 buy was Interpublic Group of Companies: 773,500 shares worth $13.7M.
- Elm Ridge Management added most to SUPERVALU Inc. in Q4 2013, an estimated $8.66M increase.
- Elm Ridge Management's biggest Q4 2013 reduction was DONNELLEY R R & SONS CO, cutting an estimated $16.7M.
- Elm Ridge Management fully exited Lear in Q4 2013, selling an estimated $19.4M.
- Elm Ridge Management's ten largest holdings make up 38% of its $817M portfolio in Q4 2013.
- Elm Ridge Management opened 4 new positions and closed 14 in Q4 2013.
- Elm Ridge Management's portfolio value fell 11% quarter-over-quarter to $817M.
Based on Elm Ridge Management's 13F filing for Q4 2013, filed 14 Feb 2014.