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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
+8.29%
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
$990M
AUM Growth
+$173M
Cap. Flow
+$123M
Cap. Flow %
12.41%
Top 10 Hldgs %
45.6%
Holding
62
New
5
Increased
24
Reduced
12
Closed
16

Top Buys

Rank Stock Value
1
APA icon
APA Corp
APA
+$24.2M
2
LLY icon
Eli Lilly
LLY
+$15.8M
3
DNY
DONNELLEY R R & SONS CO
DNY
+$15.4M
4
BPOP icon
Popular Inc
BPOP
+$14.8M
5
C icon
Citigroup
C
+$12.3M

Top Sells

Rank Stock Value
1
SWY
SAFEWAY INC
SWY
+$27.9M
2
BAC icon
Bank of America
BAC
+$21.3M
3
MDR
McDermott International
MDR
+$15M
4
BP icon
BP
BP
+$14.7M
5
JPM icon
JPMorgan Chase
JPM
+$11.9M

Sector Composition

Rank Sector Weight
1 Financials 20.68%
2 Healthcare 12.47%
3 Technology 11.94%
4 Energy 9.32%
5 Materials 9.07%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JBL icon
26
Jabil
JBL
$32.8B
$17M 1.71%
942,413
-56,114
-6% -$1.01M
BPOP icon
27
Popular Inc
BPOP
$11B
$16.1M 1.63%
+520,985
New +$14.8M
SVU
28
DELISTED
SUPERVALU Inc.
SVU
$16.1M 1.62%
335,815
+42,983
+15% +$1.92M
MLM icon
29
Martin Marietta Materials
MLM
$33.6B
$14.3M 1.44%
111,110
-5,000
-4% -$575K
TECD
30
DELISTED
Tech Data Corp
TECD
$14.2M 1.43%
232,186
+21,592
+10% +$1.2M
UFS
31
DELISTED
DOMTAR CORPORATION (New)
UFS
$14M 1.41%
248,942
+22,986
+10% +$1.19M
BCC icon
32
Boise Cascade
BCC
$2.74B
$13M 1.32%
454,725
– –
FCS
33
DELISTED
FAIRCHILD SEMICONDUCTOR INTL INC COMMON
FCS
$12.3M 1.24%
889,524
+280,229
+46% +$3.74M
ARO
34
DELISTED
Aeropostale Inc
ARO
$11.3M 1.14%
2,254,065
+1,215,665
+117% +$8.46M
POT
35
DELISTED
Potash Corp Of Saskatchewan
POT
$8.5M 0.86%
+234,713
New +$7.89M
CNQR
36
DELISTED
CONCUR TECHNOLOGIES INC
CNQR
$8.05M 0.81%
81,287
-44,100
-35% -$4.98M
ANF icon
37
Abercrombie & Fitch
ANF
$4.17B
$7.9M 0.8%
205,197
-82,103
-29% -$3M
TCBI icon
38
Texas Capital Bancshares
TCBI
$4.31B
$6.29M 0.64%
96,934
-53,300
-35% -$3.29M
USG
39
DELISTED
Usg
USG
$5.64M 0.57%
172,458
-25,000
-13% -$812K
DEI icon
40
Douglas Emmett
DEI
$2.06B
$5.34M 0.54%
196,585
-20,000
-9% -$518K
DNY
41
CALL
DELISTED
DONNELLEY R R & SONS CO
DNY
$3.94M 0.4%
220,000
+20,000
+10% +$358K
TDG icon
42
TransDigm Group
TDG
$69.2B
$3.88M 0.39%
20,965
-4,700
-18% -$822K
AVB icon
43
AvalonBay Communities
AVB
$27.1B
$3.39M 0.34%
25,800
– –
X
44
DELISTED
US Steel
X
$2.54M 0.26%
91,826
-287,174
-76% -$7.53M
ADT
45
DELISTED
ADT Corp
ADT
$2.37M 0.24%
79,245
– –
REG icon
46
Regency Centers
REG
$15B
$1.74M 0.18%
34,000
– –
BAC icon
47
Bank of America
BAC
$435B
– –
-1,365,480
Closed -$21.3M
BP icon
48
BP
BP
$113B
– –
-370,402
Closed -$14.7M
CLF icon
49
Cleveland-Cliffs
CLF
$6.81B
– –
-262,000
Closed -$6.87M
DLR icon
50
Digital Realty Trust
DLR
$73.7B
– –
-75,197
Closed -$3.69M
1
2
3

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Elm Ridge Management's Q1 2014 Portfolio in Review

As of Q1 2014, Elm Ridge Management held 62 positions worth $990M, up 21% from $817M the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Elm Ridge Management deployed $123M of net new capital in Q1 2014, opening 5 new positions and adding to 24 existing holdings. Its largest new stake was APA Corp: 294,921 shares worth $24.5M.

By sector, the portfolio is most concentrated in Financials at 21% of assets, down from 21% a quarter earlier, followed by Healthcare and Technology.

On the sell side, the largest reduction was US Steel, an estimated $7.53M trimmed.

  • Elm Ridge Management's largest Q1 2014 buy was APA Corp: 294,921 shares worth $24.5M.
  • Elm Ridge Management added most to Eli Lilly in Q1 2014, an estimated $15.8M increase.
  • Elm Ridge Management's biggest Q1 2014 reduction was US Steel, cutting an estimated $7.53M.
  • Elm Ridge Management fully exited SAFEWAY INC in Q1 2014, selling an estimated $27.9M.
  • Elm Ridge Management's ten largest holdings make up 46% of its $990M portfolio in Q1 2014.
  • Elm Ridge Management opened 5 new positions and closed 16 in Q1 2014.
  • Elm Ridge Management's portfolio value rose 21% quarter-over-quarter to $990M.

Based on Elm Ridge Management's 13F filing for Q1 2014, filed 15 May 2014.