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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
+5.94%
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
$250M
AUM Growth
+$9.96M
Cap. Flow
-$914K
Cap. Flow %
-0.37%
Top 10 Hldgs %
63.11%
Holding
28
New
3
Increased
16
Reduced
8
Closed
1

Top Buys

Rank Stock Value
1
MGY icon
Magnolia Oil & Gas
MGY
+$5.21M
2
COF icon
Capital One
COF
+$4.8M
3
FTSI
FTS International, Inc. Common Stock
FTSI
+$2.79M
4
AA icon
Alcoa
AA
+$2.45M
5
APC
Anadarko Petroleum
APC
+$1.92M

Top Sells

Rank Stock Value
1
MUR icon
Murphy Oil
MUR
+$6.05M
2
PTEN icon
Patterson-UTI
PTEN
+$2.37M
3
BAC icon
Bank of America
BAC
+$2.32M
4
BPOP icon
Popular Inc
BPOP
+$2.31M
5
HTZ
Hertz Global Holdings, Inc.
HTZ
+$2.27M

Sector Composition

Rank Sector Weight
1 Energy 54.37%
2 Financials 25.33%
3 Industrials 8.54%
4 Materials 3.8%
5 Consumer Discretionary 1.81%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
YELL
26
DELISTED
Yellow Corporation Common Stock
YELL
$2.24M 0.9%
249,864
+136,859
+121% +$1.33M
HMHC
27
DELISTED
Houghton Mifflin Harcourt Company
HMHC
$1.27M 0.51%
181,992
+43,042
+31% +$290K
MUR icon
28
Murphy Oil
MUR
$5.58B
– –
-179,106
Closed -$6.05M
1
2

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Elm Ridge Management's Q3 2018 Portfolio in Review

As of Q3 2018, Elm Ridge Management held 28 positions worth $250M, up 4.2% from $240M the previous quarter. Its ten largest holdings account for 63% of the portfolio.

Elm Ridge Management's Q3 2018 filing shows 3 new, 16 increased, 8 reduced and 1 closed positions. Its largest new stake was Magnolia Oil & Gas: 399,215 shares worth $5.99M. The largest sale was Murphy Oil, an estimated $6.05M.

By sector, the portfolio is most concentrated in Energy at 54% of assets, down from 56% a quarter earlier, followed by Financials and Industrials.

  • Elm Ridge Management's largest Q3 2018 buy was Magnolia Oil & Gas: 399,215 shares worth $5.99M.
  • Elm Ridge Management added most to Alcoa in Q3 2018, an estimated $2.45M increase.
  • Elm Ridge Management's biggest Q3 2018 reduction was Patterson-UTI, cutting an estimated $2.37M.
  • Elm Ridge Management fully exited Murphy Oil in Q3 2018, selling an estimated $6.05M.
  • Elm Ridge Management's ten largest holdings make up 63% of its $250M portfolio in Q3 2018.
  • Elm Ridge Management opened 3 new positions and closed 1 in Q3 2018.
  • Elm Ridge Management's portfolio value rose 4.2% quarter-over-quarter to $250M.

Based on Elm Ridge Management's 13F filing for Q3 2018, filed 14 Nov 2018.