We are live on
!
Find out more
ERM
Elm Ridge Management Portfolio holdings
AUM
$88.8M
1-Year Est. Return
18.88%
This Fund
S&P 500
This Quarter
Est. Return
+22.28%
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
$134M
AUM Growth
-$34.5M
(-20%)
Cap. Flow
-$64.5M
Cap. Flow
% of AUM
-47.94%
Top 10 Holdings %
Top 10 Hldgs %
59.19%
Holding
35
New
3
Increased
4
Reduced
23
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
BRY
Berry Corp
BRY
|
+$3.23M |
| 2 |
LyondellBasell Industries
LYB
|
+$2.91M |
| 3 |
GameStop
GME
|
+$1.61M |
| 4 |
Lear
LEA
|
+$771K |
| 5 |
Century Aluminum
CENX
|
+$457K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CRC
California Resources Corporation
CRC
|
+$11.4M |
| 2 |
ConocoPhillips
COP
|
+$7.72M |
| 3 |
Assured Guaranty
AGO
|
+$5.96M |
| 4 |
MBIA
MBI
|
+$4.83M |
| 5 |
Flex
FLEX
|
+$4.33M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 43.04% |
| 2 | Financials | 22.17% |
| 3 | Industrials | 13.82% |
| 4 | Materials | 7.46% |
| 5 | Consumer Discretionary | 6.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Goldman Sachs
GS
$309B
| $1.54M | 1.15% |
8,028
-2,592
| -24% | -$500K |
|
|
27
GameStop
GME
$9.66B
| $1.31M | 0.98% |
+516,940
| New | +$1.61M |
|
|
YELL
28
DELISTED
Yellow Corporation Common Stock
YELL
| $1.24M | 0.93% |
185,989
-60,041
| -24% | -$386K |
|
|
RRD
29
DELISTED
RR Donnelley & Sons Co.
RRD
| $1.24M | 0.92% |
263,026
-632,285
| -71% | -$3.26M |
|
|
HMHC
30
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $1.07M | 0.79% |
146,788
-139,735
| -49% | -$1.26M |
|
31
Capital One
COF
$127B
| – | – |
-49,048
| Closed | -$3.71M |
|
|
32
ConocoPhillips
COP
$141B
| – | – |
-123,812
| Closed | -$7.72M |
|
|
33
Flex
FLEX
$42.5B
| – | – |
-755,311
| Closed | -$4.33M |
|
34
Quad
QUAD
$438M
| – | – |
-13,846
| Closed | -$170K |
|
|
SWN
35
DELISTED
Southwestern Energy Company
SWN
| – | – |
-573,517
| Closed | -$1.96M |
|
Similar funds
BCM
DVI
BM
ABP
RG
CBNLCF
ZCM
WCM
Elm Ridge Management's Q1 2019 Portfolio in Review
As of Q1 2019, Elm Ridge Management held 35 positions worth $134M, down 20% from $169M the previous quarter. Its ten largest holdings account for 59% of the portfolio.
Elm Ridge Management withdrew a net $64.5M in Q1 2019, closing 5 positions and reducing 23 holdings. Its most notable exit was ConocoPhillips, an estimated $7.72M position sold in full.
By sector, the portfolio is most concentrated in Energy at 43% of assets, up from 42% a quarter earlier, followed by Financials and Industrials.
Against the trend, Elm Ridge Management opened a new position in Berry Corp worth $3.28M.
- Elm Ridge Management's largest Q1 2019 buy was Berry Corp: 284,346 shares worth $3.28M.
- Elm Ridge Management added most to Lear in Q1 2019, an estimated $771K increase.
- Elm Ridge Management's biggest Q1 2019 reduction was California Resources Corporation, cutting an estimated $11.4M.
- Elm Ridge Management fully exited ConocoPhillips in Q1 2019, selling an estimated $7.72M.
- Elm Ridge Management's ten largest holdings make up 59% of its $134M portfolio in Q1 2019.
- Elm Ridge Management opened 3 new positions and closed 5 in Q1 2019.
- Elm Ridge Management's portfolio value fell 20% quarter-over-quarter to $134M.
Based on Elm Ridge Management's 13F filing for Q1 2019, filed 15 May 2019.