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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
-34.06%
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
$169M
AUM Growth
-$80.9M
(-32%)
Cap. Flow
+$21.8M
Cap. Flow
% of AUM
12.93%
Top 10 Holdings %
Top 10 Hldgs %
56.91%
Holding
34
New
7
Increased
8
Reduced
17
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
United Rentals
URI
|
+$10.9M |
| 2 |
DNR
Denbury Resources, Inc.
DNR
|
+$6.8M |
| 3 |
CRC
California Resources Corporation
CRC
|
+$6.12M |
| 4 |
Flex
FLEX
|
+$5.28M |
| 5 |
Magna International
MGA
|
+$4.15M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
REN
Resolute Energy Corporaton
REN
|
+$7.76M |
| 2 |
Bank of America
BAC
|
+$5.13M |
| 3 |
Citigroup
C
|
+$4.21M |
| 4 |
Popular Inc
BPOP
|
+$1.8M |
| 5 |
APC
Anadarko Petroleum
APC
|
+$1.77M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 41.96% |
| 2 | Financials | 26.12% |
| 3 | Industrials | 14.18% |
| 4 | Consumer Discretionary | 4.78% |
| 5 | Materials | 4.26% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Nabors Industries
NBR
$1.23B
| $1.97M | 1.17% |
19,743
-121
| -0.6% | -$26.6K |
|
|
SWN
27
DELISTED
Southwestern Energy Company
SWN
| $1.96M | 1.16% |
573,517
-164,598
| -22% | -$810K |
|
28
Goldman Sachs
GS
$313B
| $1.77M | 1.05% |
+10,620
| New | +$2.14M |
|
29
Lear
LEA
$7.19B
| $1.77M | 1.05% |
+14,404
| New | +$1.93M |
|
30
Century Aluminum
CENX
$4.57B
| $998K | 0.59% |
+136,610
| New | +$1.24M |
|
|
YELL
31
DELISTED
Yellow Corporation Common Stock
YELL
| $775K | 0.46% |
246,030
-3,834
| -2% | -$24.4K |
|
32
Quad
QUAD
$430M
| $170K | 0.1% |
+13,846
| New | +$223K |
|
|
33
Bank of America
BAC
$435B
| – | – |
-174,130
| Closed | -$5.13M |
|
|
REN
34
DELISTED
Resolute Energy Corporaton
REN
| – | – |
-205,382
| Closed | -$7.76M |
|
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Elm Ridge Management's Q4 2018 Portfolio in Review
As of Q4 2018, Elm Ridge Management held 34 positions worth $169M, down 32% from $250M the previous quarter. Its ten largest holdings account for 57% of the portfolio.
Elm Ridge Management deployed $21.8M of net new capital in Q4 2018, opening 7 new positions and adding to 8 existing holdings. Its largest new stake was United Rentals: 90,377 shares worth $9.27M.
By sector, the portfolio is most concentrated in Energy at 42% of assets, down from 54% a quarter earlier, followed by Financials and Industrials.
On the sell side, the largest reduction was Citigroup, an estimated $4.21M trimmed.
- Elm Ridge Management's largest Q4 2018 buy was United Rentals: 90,377 shares worth $9.27M.
- Elm Ridge Management added most to Denbury Resources, Inc. in Q4 2018, an estimated $6.8M increase.
- Elm Ridge Management's biggest Q4 2018 reduction was Citigroup, cutting an estimated $4.21M.
- Elm Ridge Management fully exited Resolute Energy Corporaton in Q4 2018, selling an estimated $7.76M.
- Elm Ridge Management's ten largest holdings make up 57% of its $169M portfolio in Q4 2018.
- Elm Ridge Management opened 7 new positions and closed 2 in Q4 2018.
- Elm Ridge Management's portfolio value fell 32% quarter-over-quarter to $169M.
Based on Elm Ridge Management's 13F filing for Q4 2018, filed 14 Feb 2019.