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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
+0.75%
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
$1.05B
AUM Growth
+$35.5M
(+3.5%)
Cap. Flow
-$48.1M
Cap. Flow
% of AUM
-4.6%
Top 10 Holdings %
Top 10 Hldgs %
56.46%
Holding
41
New
6
Increased
9
Reduced
18
Closed
6
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
DNR
Denbury Resources, Inc.
DNR
|
+$31.8M |
| 2 |
RDS.A
Royal Dutch Shell PLC ADS Class A
RDS.A
|
+$29.3M |
| 3 |
Murphy Oil
MUR
|
+$25.1M |
| 4 |
APA Corp
APA
|
+$15.8M |
| 5 |
Terex
TEX
|
+$15.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Lockheed Martin
LMT
|
+$37.9M |
| 2 |
Elevance Health
ELV
|
+$31.3M |
| 3 |
TIBX
TIBCO SOFTWARE INC
TIBX
|
+$24M |
| 4 |
ON Semiconductor
ON
|
+$19M |
| 5 |
Corning
GLW
|
+$14.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 34.13% |
| 2 | Financials | 19.51% |
| 3 | Energy | 12.39% |
| 4 | Healthcare | 6.92% |
| 5 | Consumer Discretionary | 6.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Quad
QUAD
$520M
| $18.3M | 1.75% |
797,594
-71,150
| -8% | -$1.5M |
|
27
Teradyne
TER
$51.5B
| $15.7M | 1.5% |
792,535
-81,976
| -9% | -$1.55M |
|
28
Popular Inc
BPOP
$10.4B
| $15.1M | 1.44% |
442,499
-45,770
| -9% | -$1.44M |
|
|
29
Terex
TEX
$6.95B
| $14.7M | 1.41% |
+528,274
| New | +$15.1M |
|
30
Abercrombie & Fitch
ANF
$6.16B
| $13.5M | 1.29% |
+470,253
| New | +$14.4M |
|
|
UPL
31
DELISTED
Ultra Petroleum Corp. Common Stock
UPL
| $13M | 1.24% |
986,596
+496,501
| +101% | +$10M |
|
|
ARO
32
DELISTED
Aeropostale Inc
ARO
| $7.89M | 0.75% |
3,402,763
-295,835
| -8% | -$840K |
|
33
CALL
Lennar Class A
LEN
$19.2B
| $4.48M | 0.43% |
105,056
| – | – |
|
|
DNY
34
CALL
DELISTED
DONNELLEY R R & SONS CO
DNY
| $3.7M | 0.35% |
220,000
| – | – |
|
|
ARO
35
CALL
DELISTED
Aeropostale Inc
ARO
| $2.55M | 0.24% |
+1,100,000
| New | +$3.12M |
|
|
36
Elevance Health
ELV
$90.8B
| – | – |
-261,285
| Closed | -$31.3M |
|
|
37
Corning
GLW
$124B
| – | – |
-759,391
| Closed | -$14.7M |
|
|
38
Lockheed Martin
LMT
$122B
| – | – |
-207,494
| Closed | -$37.9M |
|
|
39
ON Semiconductor
ON
$27.9B
| – | – |
-2,126,016
| Closed | -$19M |
|
40
RH
RH
$2.54B
| – | – |
-78,131
| Closed | -$6.21M |
|
|
TIBX
41
DELISTED
TIBCO SOFTWARE INC
TIBX
| – | – |
-1,016,817
| Closed | -$24M |
|
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Elm Ridge Management's Q4 2014 Portfolio in Review
As of Q4 2014, Elm Ridge Management held 41 positions worth $1.05B, up 3.5% from $1.01B the previous quarter. Its ten largest holdings account for 56% of the portfolio.
Elm Ridge Management withdrew a net $48.1M in Q4 2014, closing 6 positions and reducing 18 holdings. Its most notable exit was Lockheed Martin, an estimated $37.9M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 34% of assets, up from 31% a quarter earlier, followed by Financials and Energy.
Against the trend, Elm Ridge Management opened a new position in Denbury Resources, Inc. worth $24.9M.
- Elm Ridge Management's largest Q4 2014 buy was Denbury Resources, Inc.: 3,066,074 shares worth $24.9M.
- Elm Ridge Management added most to APA Corp in Q4 2014, an estimated $15.8M increase.
- Elm Ridge Management's biggest Q4 2014 reduction was Eli Lilly, cutting an estimated $14M.
- Elm Ridge Management fully exited Lockheed Martin in Q4 2014, selling an estimated $37.9M.
- Elm Ridge Management's ten largest holdings make up 56% of its $1.05B portfolio in Q4 2014.
- Elm Ridge Management opened 6 new positions and closed 6 in Q4 2014.
- Elm Ridge Management's portfolio value rose 3.5% quarter-over-quarter to $1.05B.
Based on Elm Ridge Management's 13F filing for Q4 2014, filed 17 Feb 2015.