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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
+9.04%
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
$223M
AUM Growth
-$14.3M
(-6%)
Cap. Flow
-$23.4M
Cap. Flow
% of AUM
-10.46%
Top 10 Holdings %
Top 10 Hldgs %
53.85%
Holding
31
New
1
Increased
5
Reduced
6
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AerCap
AER
|
+$4M |
| 2 |
Upbound Group
UPBD
|
+$1.53M |
| 3 |
Nabors Industries
NBR
|
+$1.07M |
| 4 |
Popular Inc
BPOP
|
+$750K |
| 5 |
LKSD
LSC Communications, Inc.
LKSD
|
+$206K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
MBIA
MBI
|
+$9.18M |
| 2 |
Micron Technology
MU
|
+$4.78M |
| 3 |
DNR
Denbury Resources, Inc.
DNR
|
+$3M |
| 4 |
Bank of America
BAC
|
+$2.93M |
| 5 |
Quad
QUAD
|
+$2.44M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 41.91% |
| 2 | Financials | 27.95% |
| 3 | Industrials | 11.3% |
| 4 | Materials | 5.93% |
| 5 | Technology | 4.07% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
REN
26
DELISTED
Resolute Energy Corporaton
REN
| $3.22M | 1.44% |
102,295
| – | – |
|
27
PUT
Harley-Davidson
HOG
$2.68B
| $3.09M | 1.38% |
60,700
+9,900
| +19% | +$481K |
|
|
DNR
28
CALL
DELISTED
Denbury Resources, Inc.
DNR
| $1.99M | 0.89% |
900,000
| – | – |
|
|
29
Micron Technology
MU
$1.04T
| – | – |
-121,570
| Closed | -$4.78M |
|
|
30
Quad
QUAD
$430M
| – | – |
-107,843
| Closed | -$2.44M |
|
31
PUT
Rollins
ROL
$18.6B
| – | – |
-200,250
| Closed | -$4.11M |
|
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Elm Ridge Management's Q4 2017 Portfolio in Review
As of Q4 2017, Elm Ridge Management held 31 positions worth $223M, down 6% from $238M the previous quarter. Its ten largest holdings account for 54% of the portfolio.
Elm Ridge Management withdrew a net $23.4M in Q4 2017, closing 3 positions and reducing 6 holdings. Its most notable exit was Micron Technology, an estimated $4.78M position sold in full.
By sector, the portfolio is most concentrated in Energy at 42% of assets, up from 36% a quarter earlier, followed by Financials and Industrials.
Against the trend, Elm Ridge Management opened a new position in AerCap worth $4.04M.
- Elm Ridge Management's largest Q4 2017 buy was AerCap: 76,800 shares worth $4.04M.
- Elm Ridge Management added most to Upbound Group in Q4 2017, an estimated $1.53M increase.
- Elm Ridge Management's biggest Q4 2017 reduction was MBIA, cutting an estimated $9.18M.
- Elm Ridge Management fully exited Micron Technology in Q4 2017, selling an estimated $4.78M.
- Elm Ridge Management's ten largest holdings make up 54% of its $223M portfolio in Q4 2017.
- Elm Ridge Management opened 1 new position and closed 3 in Q4 2017.
- Elm Ridge Management's portfolio value fell 6% quarter-over-quarter to $223M.
Based on Elm Ridge Management's 13F filing for Q4 2017, filed 14 Feb 2018.