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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
-1.96%
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
$209M
AUM Growth
-$14.7M
Cap. Flow
-$4.2M
Cap. Flow %
-2.01%
Top 10 Hldgs %
58.68%
Holding
30
New
2
Increased
14
Reduced
9
Closed
5

Top Buys

Rank Stock Value
1
APC
Anadarko Petroleum
APC
+$10.7M
2
BHF icon
Brighthouse Financial
BHF
+$4.28M
3
PTEN icon
Patterson-UTI
PTEN
+$3.63M
4
REN
Resolute Energy Corporaton
REN
+$3.5M
5
DVN icon
Devon Energy
DVN
+$3.23M

Top Sells

Rank Stock Value
1
AIG icon
American International
AIG
+$5.85M
2
QEP
QEP RESOURCES, INC.
QEP
+$4.83M
3
AA icon
Alcoa
AA
+$3.3M
4
HP icon
Helmerich & Payne
HP
+$3.29M
5
MUR icon
Murphy Oil
MUR
+$2.67M

Sector Composition

Rank Sector Weight
1 Energy 44.64%
2 Financials 31.75%
3 Industrials 11.26%
4 Materials 3.86%
5 Technology 3.22%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
APA icon
26
CALL
APA Corp
APA
$12.8B
– –
-233,200
Closed -$9.85M
HOG icon
27
PUT
Harley-Davidson
HOG
$2.68B
– –
-60,700
Closed -$3.09M
HP icon
28
Helmerich & Payne
HP
$3.53B
– –
-50,844
Closed -$3.29M
QEP
29
DELISTED
QEP RESOURCES, INC.
QEP
– –
-504,317
Closed -$4.83M
DNR
30
CALL
DELISTED
Denbury Resources, Inc.
DNR
– –
-900,000
Closed -$1.99M
1
2

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Elm Ridge Management's Q1 2018 Portfolio in Review

As of Q1 2018, Elm Ridge Management held 30 positions worth $209M, down 6.6% from $223M the previous quarter. Its ten largest holdings account for 59% of the portfolio.

Elm Ridge Management's Q1 2018 filing shows 2 new, 14 increased, 9 reduced and 5 closed positions. Its largest new stake was Anadarko Petroleum: 182,085 shares worth $11M. The largest sale was American International, an estimated $5.85M.

By sector, the portfolio is most concentrated in Energy at 45% of assets, up from 42% a quarter earlier, followed by Financials and Industrials.

  • Elm Ridge Management's largest Q1 2018 buy was Anadarko Petroleum: 182,085 shares worth $11M.
  • Elm Ridge Management added most to Patterson-UTI in Q1 2018, an estimated $3.63M increase.
  • Elm Ridge Management's biggest Q1 2018 reduction was American International, cutting an estimated $5.85M.
  • Elm Ridge Management fully exited QEP RESOURCES, INC. in Q1 2018, selling an estimated $4.83M.
  • Elm Ridge Management's ten largest holdings make up 59% of its $209M portfolio in Q1 2018.
  • Elm Ridge Management opened 2 new positions and closed 5 in Q1 2018.
  • Elm Ridge Management's portfolio value fell 6.6% quarter-over-quarter to $209M.

Based on Elm Ridge Management's 13F filing for Q1 2018, filed 15 May 2018.