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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
-17.87%
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
$687M
AUM Growth
-$113M
(-14%)
Cap. Flow
+$37M
Cap. Flow
% of AUM
5.39%
Top 10 Holdings %
Top 10 Hldgs %
58.89%
Holding
39
New
6
Increased
17
Reduced
8
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bank of America
BAC
|
+$21.1M |
| 2 |
Helmerich & Payne
HP
|
+$16.7M |
| 3 |
SWN
Southwestern Energy Company
SWN
|
+$15.3M |
| 4 |
Navient
NAVI
|
+$12.4M |
| 5 |
Applied Materials
AMAT
|
+$11.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
American International
AIG
|
+$30.3M |
| 2 |
DF
Dean Foods Company
DF
|
+$22.4M |
| 3 |
Goldman Sachs
GS
|
+$19.9M |
| 4 |
Teradyne
TER
|
+$8.23M |
| 5 |
ASNA
Ascena Retail Group, Inc.
ASNA
|
+$6.75M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 23.61% |
| 2 | Energy | 17.21% |
| 3 | Industrials | 9.09% |
| 4 | Technology | 8.68% |
| 5 | Materials | 2.77% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
UPL
26
DELISTED
Ultra Petroleum Corp. Common Stock
UPL
| $10.3M | 1.49% |
1,604,948
+662,011
| +70% | +$5.24M |
|
27
Progress Software
PRGS
$1.55B
| $9.62M | 1.4% |
372,319
-7,558
| -2% | -$214K |
|
|
28
Navient
NAVI
$774M
| $9.56M | 1.39% |
+850,696
| New | +$12.4M |
|
|
CRC
29
DELISTED
California Resources Corporation
CRC
| $9.14M | 1.33% |
351,408
+155,024
| +79% | +$6.08M |
|
30
Abercrombie & Fitch
ANF
$4.17B
| $8.42M | 1.22% |
397,162
-195,307
| -33% | -$3.97M |
|
|
LNW
31
DELISTED
Light & Wonder
LNW
| $3.3M | 0.48% |
315,372
+42,123
| +15% | +$552K |
|
|
MRO
32
DELISTED
Marathon Oil Corporation
MRO
| $2.59M | 0.38% |
+168,336
| New | +$3.2M |
|
|
ARO
33
DELISTED
Aeropostale Inc
ARO
| $1.98M | 0.29% |
3,191,262
-61,584
| -2% | -$77.7K |
|
|
ARO
34
CALL
DELISTED
Aeropostale Inc
ARO
| $705K | 0.1% |
1,136,800
| – | – |
|
35
Advanced Energy
AEIS
$12.2B
| – | – |
-225,205
| Closed | -$6.19M |
|
|
36
American International
AIG
$41.9B
| – | – |
-489,931
| Closed | -$30.3M |
|
|
37
Goldman Sachs
GS
$313B
| – | – |
-95,391
| Closed | -$19.9M |
|
|
38
Teradyne
TER
$54.8B
| – | – |
-426,715
| Closed | -$8.23M |
|
|
DF
39
DELISTED
Dean Foods Company
DF
| – | – |
-1,383,640
| Closed | -$22.4M |
|
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Elm Ridge Management's Q3 2015 Portfolio in Review
As of Q3 2015, Elm Ridge Management held 39 positions worth $687M, down 14% from $801M the previous quarter. Its ten largest holdings account for 59% of the portfolio.
Elm Ridge Management deployed $37M of net new capital in Q3 2015, opening 6 new positions and adding to 17 existing holdings. Its largest new stake was Bank of America: 1,255,059 shares worth $19.6M.
By sector, the portfolio is most concentrated in Financials at 24% of assets, up from 23% a quarter earlier, followed by Energy and Industrials.
On the sell side, the largest reduction was Ascena Retail Group, Inc., an estimated $6.75M trimmed.
- Elm Ridge Management's largest Q3 2015 buy was Bank of America: 1,255,059 shares worth $19.6M.
- Elm Ridge Management added most to Patterson-UTI in Q3 2015, an estimated $6.25M increase.
- Elm Ridge Management's biggest Q3 2015 reduction was Ascena Retail Group, Inc., cutting an estimated $6.75M.
- Elm Ridge Management fully exited American International in Q3 2015, selling an estimated $30.3M.
- Elm Ridge Management's ten largest holdings make up 59% of its $687M portfolio in Q3 2015.
- Elm Ridge Management opened 6 new positions and closed 5 in Q3 2015.
- Elm Ridge Management's portfolio value fell 14% quarter-over-quarter to $687M.
Based on Elm Ridge Management's 13F filing for Q3 2015, filed 16 Nov 2015.