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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
+38.71%
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
$34.2M
AUM Growth
+$5.91M
(+21%)
Cap. Flow
-$2.26M
Cap. Flow
% of AUM
-6.62%
Top 10 Holdings %
Top 10 Hldgs %
67.12%
Holding
26
New
3
Increased
6
Reduced
10
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
EQT Corp
EQT
|
+$1.09M |
| 2 |
Viatris
VTRS
|
+$876K |
| 3 |
Citizens Financial Group
CFG
|
+$864K |
| 4 |
AerCap
AER
|
+$489K |
| 5 |
Citigroup
C
|
+$473K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
MBIA
MBI
|
+$1.66M |
| 2 |
United Rentals
URI
|
+$1.39M |
| 3 |
Dell
DELL
|
+$876K |
| 4 |
Lear
LEA
|
+$787K |
| 5 |
Canadian Natural Resources
CNQ
|
+$591K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 27.74% |
| 2 | Energy | 26.72% |
| 3 | Financials | 19.57% |
| 4 | Materials | 11.04% |
| 5 | Consumer Discretionary | 8.18% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
Dell
DELL
$276B
| – | – |
-43,700
| Closed | -$876K |
|
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Elm Ridge Management's Q2 2020 Portfolio in Review
As of Q2 2020, Elm Ridge Management held 26 positions worth $34.2M, up 21% from $28.3M the previous quarter. Its ten largest holdings account for 67% of the portfolio.
Elm Ridge Management withdrew a net $2.26M in Q2 2020, closing 1 position and reducing 10 holdings. Its most notable exit was Dell, an estimated $876K position sold in full.
By sector, the portfolio is most concentrated in Industrials at 28% of assets, down from 30% a quarter earlier, followed by Energy and Financials.
Against the trend, Elm Ridge Management opened a new position in EQT Corp worth $987K.
- Elm Ridge Management's largest Q2 2020 buy was EQT Corp: 82,950 shares worth $987K.
- Elm Ridge Management added most to Viatris in Q2 2020, an estimated $876K increase.
- Elm Ridge Management's biggest Q2 2020 reduction was MBIA, cutting an estimated $1.66M.
- Elm Ridge Management fully exited Dell in Q2 2020, selling an estimated $876K.
- Elm Ridge Management's ten largest holdings make up 67% of its $34.2M portfolio in Q2 2020.
- Elm Ridge Management opened 3 new positions and closed 1 in Q2 2020.
- Elm Ridge Management's portfolio value rose 21% quarter-over-quarter to $34.2M.
Based on Elm Ridge Management's 13F filing for Q2 2020, filed 14 Aug 2020.