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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
-1.18%
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
$519M
AUM Growth
-$168M
(-24%)
Cap. Flow
-$157M
Cap. Flow
% of AUM
-30.19%
Top 10 Holdings %
Top 10 Hldgs %
59.66%
Holding
34
New
–
Increased
10
Reduced
20
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
MBIA
MBI
|
+$4.74M |
| 2 |
MRO
Marathon Oil Corporation
MRO
|
+$3.73M |
| 3 |
SWN
Southwestern Energy Company
SWN
|
+$3.17M |
| 4 |
ASNA
Ascena Retail Group, Inc.
ASNA
|
+$2.88M |
| 5 |
Herc Holdings
HRI
|
+$2.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Jabil
JBL
|
+$20.7M |
| 2 |
Assured Guaranty
AGO
|
+$9.84M |
| 3 |
Abercrombie & Fitch
ANF
|
+$8.42M |
| 4 |
Applied Materials
AMAT
|
+$6.13M |
| 5 |
Terex
TEX
|
+$4.09M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 30.08% |
| 2 | Energy | 22.81% |
| 3 | Industrials | 10.87% |
| 4 | Technology | 5.35% |
| 5 | Materials | 3.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
Applied Materials
AMAT
$426B
| $6.45M | 1.24% |
345,522
-352,750
| -51% | -$6.13M |
|
|
LNW
27
DELISTED
Light & Wonder
LNW
| $5.4M | 1.04% |
602,350
+286,978
| +91% | +$2.77M |
|
|
MRO
28
DELISTED
Marathon Oil Corporation
MRO
| $4.91M | 0.95% |
390,234
+221,898
| +132% | +$3.73M |
|
|
UPL
29
DELISTED
Ultra Petroleum Corp. Common Stock
UPL
| $4.51M | 0.87% |
1,805,961
+201,013
| +13% | +$936K |
|
|
ARO
30
DELISTED
Aeropostale Inc
ARO
| $856K | 0.17% |
3,057,146
-134,116
| -4% | -$73.5K |
|
|
ARO
31
CALL
DELISTED
Aeropostale Inc
ARO
| $364K | 0.07% |
1,136,800
| – | – |
|
|
32
Abercrombie & Fitch
ANF
$4.17B
| – | – |
-397,162
| Closed | -$8.42M |
|
|
33
Jabil
JBL
$32.8B
| – | – |
-924,090
| Closed | -$20.7M |
|
34
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$778B
| – | – |
-297,500
| Closed | -$57M |
|
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Elm Ridge Management's Q4 2015 Portfolio in Review
As of Q4 2015, Elm Ridge Management held 34 positions worth $519M, down 24% from $687M the previous quarter. Its ten largest holdings account for 60% of the portfolio.
Elm Ridge Management withdrew a net $157M in Q4 2015, closing 3 positions and reducing 20 holdings. Its most notable exit was Jabil, an estimated $20.7M position sold in full.
By sector, the portfolio is most concentrated in Financials at 30% of assets, up from 24% a quarter earlier, followed by Energy and Industrials.
Against the trend, Elm Ridge Management added an estimated $4.74M to MBIA.
- Elm Ridge Management added most to MBIA in Q4 2015, an estimated $4.74M increase.
- Elm Ridge Management's biggest Q4 2015 reduction was Assured Guaranty, cutting an estimated $9.84M.
- Elm Ridge Management fully exited Jabil in Q4 2015, selling an estimated $20.7M.
- Elm Ridge Management's ten largest holdings make up 60% of its $519M portfolio in Q4 2015.
- Elm Ridge Management opened 0 new positions and closed 3 in Q4 2015.
- Elm Ridge Management's portfolio value fell 24% quarter-over-quarter to $519M.
Based on Elm Ridge Management's 13F filing for Q4 2015, filed 16 Feb 2016.