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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
+4.84%
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
$1.06B
AUM Growth
+$68.1M
(+6.9%)
Cap. Flow
+$34.6M
Cap. Flow
% of AUM
3.27%
Top 10 Holdings %
Top 10 Hldgs %
52.57%
Holding
51
New
5
Increased
12
Reduced
19
Closed
14
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Carnival Corporation Ltd
CCL
|
+$16.1M |
| 2 |
International Paper
IP
|
+$14.7M |
| 3 |
ASNA
Ascena Retail Group, Inc.
ASNA
|
+$14.6M |
| 4 |
Upbound Group
UPBD
|
+$8.93M |
| 5 |
MBIA
MBI
|
+$7.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Nabors Industries
NBR
|
+$25M |
| 2 |
Martin Marietta Materials
MLM
|
+$14.3M |
| 3 |
TECD
Tech Data Corp
TECD
|
+$14.2M |
| 4 |
Boise Cascade
BCC
|
+$13M |
| 5 |
Eli Lilly
LLY
|
+$9.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 18.18% |
| 2 | Technology | 10.57% |
| 3 | Healthcare | 10.43% |
| 4 | Energy | 7.38% |
| 5 | Consumer Discretionary | 7.33% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
FCS
26
DELISTED
FAIRCHILD SEMICONDUCTOR INTL INC COMMON
FCS
| $17.4M | 1.64% |
1,114,768
+225,244
| +25% | +$3.18M |
|
27
Applied Materials
AMAT
$426B
| $16.7M | 1.58% |
740,860
-375,267
| -34% | -$7.65M |
|
28
Popular Inc
BPOP
$11B
| $16.6M | 1.57% |
486,683
-34,302
| -7% | -$1.06M |
|
|
UFS
29
DELISTED
DOMTAR CORPORATION (New)
UFS
| $16.3M | 1.54% |
379,448
+130,506
| +52% | +$6.12M |
|
30
Abercrombie & Fitch
ANF
$4.17B
| $16.1M | 1.52% |
371,622
+166,425
| +81% | +$6.42M |
|
|
31
International Paper
IP
$22.3B
| $15.8M | 1.49% |
+335,217
| New | +$14.7M |
|
|
32
Carnival Corporation Ltd
CCL
$36.1B
| $15.6M | 1.48% |
+415,071
| New | +$16.1M |
|
|
ASNA
33
DELISTED
Ascena Retail Group, Inc.
ASNA
| $14.6M | 1.38% |
+42,721
| New | +$14.6M |
|
|
34
Upbound Group
UPBD
$1.19B
| $9.06M | 0.86% |
+315,923
| New | +$8.93M |
|
|
ARO
35
DELISTED
Aeropostale Inc
ARO
| $8.01M | 0.76% |
2,295,963
+41,898
| +2% | +$178K |
|
36
Teradyne
TER
$54.8B
| $4.08M | 0.39% |
+208,257
| New | +$3.87M |
|
|
DNY
37
CALL
DELISTED
DONNELLEY R R & SONS CO
DNY
| $3.73M | 0.35% |
220,000
| – | – |
|
38
AvalonBay Communities
AVB
$27.1B
| – | – |
-25,800
| Closed | -$3.39M |
|
|
39
Boise Cascade
BCC
$2.74B
| – | – |
-454,725
| Closed | -$13M |
|
40
Douglas Emmett
DEI
$2.06B
| – | – |
-196,585
| Closed | -$5.34M |
|
|
41
Martin Marietta Materials
MLM
$33.6B
| – | – |
-111,110
| Closed | -$14.3M |
|
|
42
Nabors Industries
NBR
$1.23B
| – | – |
-20,311
| Closed | -$25M |
|
43
Regency Centers
REG
$15B
| – | – |
-34,000
| Closed | -$1.74M |
|
44
Texas Capital Bancshares
TCBI
$4.31B
| – | – |
-96,934
| Closed | -$6.29M |
|
45
TransDigm Group
TDG
$69.2B
| – | – |
-20,965
| Closed | -$3.88M |
|
|
X
46
DELISTED
US Steel
X
| – | – |
-91,826
| Closed | -$2.54M |
|
|
TECD
47
DELISTED
Tech Data Corp
TECD
| – | – |
-232,186
| Closed | -$14.2M |
|
|
USG
48
DELISTED
Usg
USG
| – | – |
-172,458
| Closed | -$5.64M |
|
|
POT
49
DELISTED
Potash Corp Of Saskatchewan
POT
| – | – |
-234,713
| Closed | -$8.5M |
|
|
ADT
50
DELISTED
ADT Corp
ADT
| – | – |
-79,245
| Closed | -$2.37M |
|
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Elm Ridge Management's Q2 2014 Portfolio in Review
As of Q2 2014, Elm Ridge Management held 51 positions worth $1.06B, up 6.9% from $990M the previous quarter. Its ten largest holdings account for 53% of the portfolio.
Elm Ridge Management deployed $34.6M of net new capital in Q2 2014, opening 5 new positions and adding to 12 existing holdings. Its largest new stake was Carnival Corporation Ltd: 415,071 shares worth $15.6M.
By sector, the portfolio is most concentrated in Financials at 18% of assets, down from 21% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Eli Lilly, an estimated $9.9M trimmed.
- Elm Ridge Management's largest Q2 2014 buy was Carnival Corporation Ltd: 415,071 shares worth $15.6M.
- Elm Ridge Management added most to MBIA in Q2 2014, an estimated $7.9M increase.
- Elm Ridge Management's biggest Q2 2014 reduction was Eli Lilly, cutting an estimated $9.9M.
- Elm Ridge Management fully exited Nabors Industries in Q2 2014, selling an estimated $25M.
- Elm Ridge Management's ten largest holdings make up 53% of its $1.06B portfolio in Q2 2014.
- Elm Ridge Management opened 5 new positions and closed 14 in Q2 2014.
- Elm Ridge Management's portfolio value rose 6.9% quarter-over-quarter to $1.06B.
Based on Elm Ridge Management's 13F filing for Q2 2014, filed 14 Aug 2014.