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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
-5.9%
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
$124M
AUM Growth
-$10.4M
(-7.7%)
Cap. Flow
+$183K
Cap. Flow
% of AUM
0.15%
Top 10 Holdings %
Top 10 Hldgs %
60.06%
Holding
34
New
4
Increased
19
Reduced
6
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Canadian Natural Resources
CNQ
|
+$7.76M |
| 2 |
CRC
California Resources Corporation
CRC
|
+$4.04M |
| 3 |
Chemours
CC
|
+$3.41M |
| 4 |
ConocoPhillips
COP
|
+$2.99M |
| 5 |
FTSI
FTS International, Inc. Common Stock
FTSI
|
+$1.93M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
APC
Anadarko Petroleum
APC
|
+$8.4M |
| 2 |
DNR
Denbury Resources, Inc.
DNR
|
+$5.68M |
| 3 |
BRY
Berry Corp
BRY
|
+$3.28M |
| 4 |
HTZ
Hertz Global Holdings, Inc.
HTZ
|
+$2.09M |
| 5 |
United Rentals
URI
|
+$1.89M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 45.43% |
| 2 | Financials | 21.78% |
| 3 | Industrials | 13.24% |
| 4 | Materials | 10.48% |
| 5 | Consumer Discretionary | 7.86% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Century Aluminum
CENX
$4.57B
| $1.32M | 1.07% |
191,407
+1,979
| +1% | +$14.7K |
|
|
HMHC
27
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $1.22M | 0.98% |
212,014
+65,226
| +44% | +$433K |
|
|
RRD
28
DELISTED
RR Donnelley & Sons Co.
RRD
| $524K | 0.42% |
265,774
+2,748
| +1% | +$9.07K |
|
|
HTZ.RT
29
DELISTED
Hertz Global Holdings
HTZ.RT
| $284K | 0.23% |
+145,527
| New | +$322K |
|
|
BRY
30
DELISTED
Berry Corp
BRY
| – | – |
-284,346
| Closed | -$3.28M |
|
31
GameStop
GME
$9.5B
| – | – |
-516,940
| Closed | -$1.31M |
|
32
Goldman Sachs
GS
$313B
| – | – |
-8,028
| Closed | -$1.54M |
|
|
DNR
33
DELISTED
Denbury Resources, Inc.
DNR
| – | – |
-2,769,809
| Closed | -$5.68M |
|
|
APC
34
DELISTED
Anadarko Petroleum
APC
| – | – |
-184,784
| Closed | -$8.4M |
|
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Elm Ridge Management's Q2 2019 Portfolio in Review
As of Q2 2019, Elm Ridge Management held 34 positions worth $124M, down 7.7% from $134M the previous quarter. Its ten largest holdings account for 60% of the portfolio.
Elm Ridge Management's Q2 2019 filing shows 4 new, 19 increased, 6 reduced and 5 closed positions. Its largest new stake was Canadian Natural Resources: 565,130 shares worth $7.46M. The largest sale was Anadarko Petroleum, an estimated $8.4M.
By sector, the portfolio is most concentrated in Energy at 45% of assets, up from 43% a quarter earlier, followed by Financials and Industrials.
- Elm Ridge Management's largest Q2 2019 buy was Canadian Natural Resources: 565,130 shares worth $7.46M.
- Elm Ridge Management added most to California Resources Corporation in Q2 2019, an estimated $4.04M increase.
- Elm Ridge Management's biggest Q2 2019 reduction was Hertz Global Holdings, Inc., cutting an estimated $2.09M.
- Elm Ridge Management fully exited Anadarko Petroleum in Q2 2019, selling an estimated $8.4M.
- Elm Ridge Management's ten largest holdings make up 60% of its $124M portfolio in Q2 2019.
- Elm Ridge Management opened 4 new positions and closed 5 in Q2 2019.
- Elm Ridge Management's portfolio value fell 7.7% quarter-over-quarter to $124M.
Based on Elm Ridge Management's 13F filing for Q2 2019, filed 14 Aug 2019.