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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
+9.43%
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
$424M
AUM Growth
+$8.77M
(+2.1%)
Cap. Flow
-$23.5M
Cap. Flow
% of AUM
-5.54%
Top 10 Holdings %
Top 10 Hldgs %
60.2%
Holding
34
New
2
Increased
7
Reduced
21
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
HTZ
Hertz Global Holdings, Inc.
HTZ
|
+$10.6M |
| 2 |
CRC
California Resources Corporation
CRC
|
+$1.5M |
| 3 |
Micron Technology
MU
|
+$1.44M |
| 4 |
Range Resources
RRC
|
+$1.05M |
| 5 |
Murphy Oil
MUR
|
+$775K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DNY
DONNELLEY R R & SONS CO
DNY
|
+$10.3M |
| 2 |
Herc Holdings
HRI
|
+$10.1M |
| 3 |
CBI
Chicago Bridge & Iron Nv
CBI
|
+$8.21M |
| 4 |
Quad
QUAD
|
+$7.81M |
| 5 |
APA Corp
APA
|
+$2.27M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 30.15% |
| 2 | Financials | 23.96% |
| 3 | Industrials | 5.27% |
| 4 | Technology | 4.43% |
| 5 | Materials | 1.71% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
CALL
MBIA
MBI
$288M
| $6.55M | 1.55% |
841,300
-43,200
| -5% | -$340K |
|
|
27
Micron Technology
MU
$1.04T
| $6.19M | 1.46% |
347,993
+94,273
| +37% | +$1.44M |
|
|
DNR
28
CALL
DELISTED
Denbury Resources, Inc.
DNR
| $4.18M | 0.99% |
1,294,000
-66,000
| -5% | -$202K |
|
|
NMBL
29
DELISTED
Nimble Storage, Inc.
NMBL
| $3.66M | 0.86% |
414,203
-21,269
| -5% | -$168K |
|
30
PUT
Bausch Health
BHC
$1.65B
| $1.94M | 0.46% |
79,000
-5,500
| -7% | -$142K |
|
|
31
Herc Holdings
HRI
$5.43B
| – | – |
-303,612
| Closed | -$10.1M |
|
32
PUT
TransDigm Group
TDG
$69.2B
| – | – |
-18,300
| Closed | -$4.83M |
|
|
ASNA
33
DELISTED
Ascena Retail Group, Inc.
ASNA
| – | – |
-15,189
| Closed | -$2.12M |
|
|
CBI
34
DELISTED
Chicago Bridge & Iron Nv
CBI
| – | – |
-236,961
| Closed | -$8.21M |
|
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Elm Ridge Management's Q3 2016 Portfolio in Review
As of Q3 2016, Elm Ridge Management held 34 positions worth $424M, up 2.1% from $415M the previous quarter. Its ten largest holdings account for 60% of the portfolio.
Elm Ridge Management withdrew a net $23.5M in Q3 2016, closing 4 positions and reducing 21 holdings. Its most notable exit was Herc Holdings, an estimated $10.1M position sold in full.
By sector, the portfolio is most concentrated in Energy at 30% of assets, up from 30% a quarter earlier, followed by Financials and Industrials.
Against the trend, Elm Ridge Management opened a new position in Hertz Global Holdings, Inc. worth $8.83M.
- Elm Ridge Management's largest Q3 2016 buy was Hertz Global Holdings, Inc.: 253,180 shares worth $8.83M.
- Elm Ridge Management added most to California Resources Corporation in Q3 2016, an estimated $1.5M increase.
- Elm Ridge Management's biggest Q3 2016 reduction was DONNELLEY R R & SONS CO, cutting an estimated $10.3M.
- Elm Ridge Management fully exited Herc Holdings in Q3 2016, selling an estimated $10.1M.
- Elm Ridge Management's ten largest holdings make up 60% of its $424M portfolio in Q3 2016.
- Elm Ridge Management opened 2 new positions and closed 4 in Q3 2016.
- Elm Ridge Management's portfolio value rose 2.1% quarter-over-quarter to $424M.
Based on Elm Ridge Management's 13F filing for Q3 2016, filed 14 Nov 2016.