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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
-46.09%
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
$28.3M
AUM Growth
-$83M
(-75%)
Cap. Flow
-$43.9M
Cap. Flow
% of AUM
-155.42%
Top 10 Holdings %
Top 10 Hldgs %
74.96%
Holding
30
New
3
Increased
2
Reduced
18
Closed
7
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AerCap
AER
|
+$2.55M |
| 2 |
FedEx
FDX
|
+$2.34M |
| 3 |
Dell
DELL
|
+$1.01M |
| 4 |
Viatris
VTRS
|
+$603K |
| 5 |
Nabors Industries
NBR
|
+$136K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
HTZ
Hertz Global Holdings, Inc.
HTZ
|
+$4.74M |
| 2 |
Patterson-UTI
PTEN
|
+$4.65M |
| 3 |
Devon Energy
DVN
|
+$4.14M |
| 4 |
CRC
California Resources Corporation
CRC
|
+$3.6M |
| 5 |
Assured Guaranty
AGO
|
+$3.56M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 29.91% |
| 2 | Financials | 23.26% |
| 3 | Energy | 22.62% |
| 4 | Materials | 9.63% |
| 5 | Consumer Discretionary | 8.96% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
Devon Energy
DVN
$51.3B
| – | – |
-159,414
| Closed | -$4.14M |
|
27
Magnolia Oil & Gas
MGY
$5.93B
| – | – |
-205,296
| Closed | -$2.58M |
|
|
28
Patterson-UTI
PTEN
$3.54B
| – | – |
-442,553
| Closed | -$4.65M |
|
|
RRD
29
DELISTED
RR Donnelley & Sons Co.
RRD
| – | – |
-194,244
| Closed | -$767K |
|
|
HTZ
30
DELISTED
Hertz Global Holdings, Inc.
HTZ
| – | – |
-300,951
| Closed | -$4.74M |
|
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Elm Ridge Management's Q1 2020 Portfolio in Review
As of Q1 2020, Elm Ridge Management held 30 positions worth $28.3M, down 75% from $111M the previous quarter. Its ten largest holdings account for 75% of the portfolio.
Elm Ridge Management withdrew a net $43.9M in Q1 2020, closing 7 positions and reducing 18 holdings. Its most notable exit was Hertz Global Holdings, Inc., an estimated $4.74M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 30% of assets, up from 17% a quarter earlier, followed by Financials and Energy.
Against the trend, Elm Ridge Management opened a new position in FedEx worth $2.02M.
- Elm Ridge Management's largest Q1 2020 buy was FedEx: 16,656 shares worth $2.02M.
- Elm Ridge Management added most to AerCap in Q1 2020, an estimated $2.55M increase.
- Elm Ridge Management's biggest Q1 2020 reduction was California Resources Corporation, cutting an estimated $3.6M.
- Elm Ridge Management fully exited Hertz Global Holdings, Inc. in Q1 2020, selling an estimated $4.74M.
- Elm Ridge Management's ten largest holdings make up 75% of its $28.3M portfolio in Q1 2020.
- Elm Ridge Management opened 3 new positions and closed 7 in Q1 2020.
- Elm Ridge Management's portfolio value fell 75% quarter-over-quarter to $28.3M.
Based on Elm Ridge Management's 13F filing for Q1 2020, filed 15 May 2020.