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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
-1.33%
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
$960M
AUM Growth
-$85.8M
(-8.2%)
Cap. Flow
-$85.3M
Cap. Flow
% of AUM
-8.89%
Top 10 Holdings %
Top 10 Hldgs %
61.99%
Holding
37
New
2
Increased
8
Reduced
21
Closed
6
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
QEP
QEP RESOURCES, INC.
QEP
|
+$13.6M |
| 2 |
FITB
Fifth Third Bancorp
FITB
|
+$6.6M |
| 3 |
DNR
Denbury Resources, Inc.
DNR
|
+$5.87M |
| 4 |
Terex
TEX
|
+$4.73M |
| 5 |
RDS.A
Royal Dutch Shell PLC ADS Class A
RDS.A
|
+$4.06M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Boston Scientific
BSX
|
+$21.2M |
| 2 |
NFX
Newfield Exploration
NFX
|
+$20.3M |
| 3 |
UFS
DOMTAR CORPORATION (New)
UFS
|
+$19.4M |
| 4 |
IPG
Interpublic Group of Companies
IPG
|
+$18.7M |
| 5 |
MBIA
MBI
|
+$9.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 19.32% |
| 2 | Energy | 11.54% |
| 3 | Technology | 6.1% |
| 4 | Healthcare | 5.18% |
| 5 | Consumer Discretionary | 5.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SVU
26
DELISTED
SUPERVALU Inc.
SVU
| $14.1M | 1.46% |
172,589
-123,371
| -42% | -$8.85M |
|
|
QEP
27
DELISTED
QEP RESOURCES, INC.
QEP
| $13.6M | 1.42% |
+651,679
| New | +$13.6M |
|
|
ARO
28
DELISTED
Aeropostale Inc
ARO
| $11.1M | 1.16% |
3,202,283
-200,480
| -6% | -$640K |
|
29
Abercrombie & Fitch
ANF
$4.17B
| $9.76M | 1.02% |
442,790
-27,463
| -6% | -$677K |
|
|
FITB
30
Fifth Third Bancorp
FITB
$52B
| $6.6M | 0.69% |
+350,261
| New | +$6.6M |
|
|
ARO
31
CALL
DELISTED
Aeropostale Inc
ARO
| $3.94M | 0.41% |
1,136,800
+36,800
| +3% | +$118K |
|
|
32
Boston Scientific
BSX
$65.8B
| – | – |
-1,601,054
| Closed | -$21.2M |
|
|
IPG
33
DELISTED
Interpublic Group of Companies
IPG
| – | – |
-899,547
| Closed | -$18.7M |
|
34
CALL
Lennar Class A
LEN
$20.4B
| – | – |
-105,056
| Closed | -$4.48M |
|
|
NFX
35
DELISTED
Newfield Exploration
NFX
| – | – |
-749,216
| Closed | -$20.3M |
|
|
UFS
36
DELISTED
DOMTAR CORPORATION (New)
UFS
| – | – |
-481,915
| Closed | -$19.4M |
|
|
DNY
37
CALL
DELISTED
DONNELLEY R R & SONS CO
DNY
| – | – |
-220,000
| Closed | -$3.7M |
|
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Elm Ridge Management's Q1 2015 Portfolio in Review
As of Q1 2015, Elm Ridge Management held 37 positions worth $960M, down 8.2% from $1.05B the previous quarter. Its ten largest holdings account for 62% of the portfolio.
Elm Ridge Management withdrew a net $85.3M in Q1 2015, closing 6 positions and reducing 21 holdings. Its most notable exit was Boston Scientific, an estimated $21.2M position sold in full.
By sector, the portfolio is most concentrated in Financials at 19% of assets, down from 20% a quarter earlier, followed by Energy and Technology.
Against the trend, Elm Ridge Management opened a new position in QEP RESOURCES, INC. worth $13.6M.
- Elm Ridge Management's largest Q1 2015 buy was QEP RESOURCES, INC.: 651,679 shares worth $13.6M.
- Elm Ridge Management added most to Denbury Resources, Inc. in Q1 2015, an estimated $5.87M increase.
- Elm Ridge Management's biggest Q1 2015 reduction was MBIA, cutting an estimated $9.7M.
- Elm Ridge Management fully exited Boston Scientific in Q1 2015, selling an estimated $21.2M.
- Elm Ridge Management's ten largest holdings make up 62% of its $960M portfolio in Q1 2015.
- Elm Ridge Management opened 2 new positions and closed 6 in Q1 2015.
- Elm Ridge Management's portfolio value fell 8.2% quarter-over-quarter to $960M.
Based on Elm Ridge Management's 13F filing for Q1 2015, filed 15 May 2015.