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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
-5.41%
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
$801M
AUM Growth
-$160M
(-17%)
Cap. Flow
-$102M
Cap. Flow
% of AUM
-12.73%
Top 10 Holdings %
Top 10 Hldgs %
57.39%
Holding
38
New
7
Increased
17
Reduced
8
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Patterson-UTI
PTEN
|
+$27.8M |
| 2 |
Herc Holdings
HRI
|
+$20.6M |
| 3 |
CBI
Chicago Bridge & Iron Nv
CBI
|
+$18.5M |
| 4 |
CRC
California Resources Corporation
CRC
|
+$15.8M |
| 5 |
Progress Software
PRGS
|
+$10.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
RDS.A
Royal Dutch Shell PLC ADS Class A
RDS.A
|
+$29.1M |
| 2 |
Carnival Corporation Ltd
CCL
|
+$27.3M |
| 3 |
Eli Lilly
LLY
|
+$26M |
| 4 |
Merck
MRK
|
+$23.8M |
| 5 |
SVU
SUPERVALU Inc.
SVU
|
+$14.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 22.64% |
| 2 | Energy | 16.32% |
| 3 | Industrials | 9.4% |
| 4 | Technology | 7.58% |
| 5 | Consumer Staples | 2.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CRC
26
DELISTED
California Resources Corporation
CRC
| $11.9M | 1.48% |
+196,384
| New | +$15.8M |
|
|
UPL
27
DELISTED
Ultra Petroleum Corp. Common Stock
UPL
| $11.8M | 1.47% |
942,937
+14,657
| +2% | +$223K |
|
|
28
Progress Software
PRGS
$1.55B
| $10.4M | 1.31% |
+379,877
| New | +$10.1M |
|
29
Teradyne
TER
$54.8B
| $8.23M | 1.03% |
426,715
-319,128
| -43% | -$6.38M |
|
30
Advanced Energy
AEIS
$12.2B
| $6.19M | 0.77% |
+225,205
| New | +$6.11M |
|
|
ARO
31
DELISTED
Aeropostale Inc
ARO
| $5.27M | 0.66% |
3,252,846
+50,563
| +2% | +$133K |
|
|
LNW
32
DELISTED
Light & Wonder
LNW
| $4.25M | 0.53% |
+273,249
| New | +$3.87M |
|
|
ARO
33
CALL
DELISTED
Aeropostale Inc
ARO
| $1.84M | 0.23% |
1,136,800
| – | – |
|
|
34
Carnival Corporation Ltd
CCL
$36.1B
| – | – |
-570,635
| Closed | -$27.3M |
|
|
35
Eli Lilly
LLY
$1.07T
| – | – |
-357,478
| Closed | -$26M |
|
|
36
Merck
MRK
$324B
| – | – |
-433,500
| Closed | -$23.8M |
|
|
RDS.A
37
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| – | – |
-487,684
| Closed | -$29.1M |
|
|
SVU
38
DELISTED
SUPERVALU Inc.
SVU
| – | – |
-172,589
| Closed | -$14.1M |
|
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Elm Ridge Management's Q2 2015 Portfolio in Review
As of Q2 2015, Elm Ridge Management held 38 positions worth $801M, down 17% from $960M the previous quarter. Its ten largest holdings account for 57% of the portfolio.
Elm Ridge Management withdrew a net $102M in Q2 2015, closing 5 positions and reducing 8 holdings. Its most notable exit was Royal Dutch Shell PLC ADS Class A, an estimated $29.1M position sold in full.
By sector, the portfolio is most concentrated in Financials at 23% of assets, up from 19% a quarter earlier, followed by Energy and Industrials.
Against the trend, Elm Ridge Management opened a new position in Patterson-UTI worth $25.2M.
- Elm Ridge Management's largest Q2 2015 buy was Patterson-UTI: 1,340,509 shares worth $25.2M.
- Elm Ridge Management added most to QEP RESOURCES, INC. in Q2 2015, an estimated $8.63M increase.
- Elm Ridge Management's biggest Q2 2015 reduction was Teradyne, cutting an estimated $6.38M.
- Elm Ridge Management fully exited Royal Dutch Shell PLC ADS Class A in Q2 2015, selling an estimated $29.1M.
- Elm Ridge Management's ten largest holdings make up 57% of its $801M portfolio in Q2 2015.
- Elm Ridge Management opened 7 new positions and closed 5 in Q2 2015.
- Elm Ridge Management's portfolio value fell 17% quarter-over-quarter to $801M.
Based on Elm Ridge Management's 13F filing for Q2 2015, filed 14 Aug 2015.