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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
+9.83%
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
$36.9M
AUM Growth
+$2.7M
Cap. Flow
+$1.93M
Cap. Flow %
5.24%
Top 10 Hldgs %
57.96%
Holding
29
New
4
Increased
8
Reduced
6
Closed
4

Top Buys

Rank Stock Value
1
MT icon
ArcelorMittal
MT
+$1.34M
2
UFS
DOMTAR CORPORATION (New)
UFS
+$976K
3
DAN icon
Dana Inc
DAN
+$936K
4
WFC icon
Wells Fargo
WFC
+$871K
5
AA icon
Alcoa
AA
+$661K

Top Sells

Rank Stock Value
1
URI icon
United Rentals
URI
+$732K
2
C icon
Citigroup
C
+$684K
3
CNQ icon
Canadian Natural Resources
CNQ
+$649K
4
KOS icon
Kosmos Energy
KOS
+$624K
5
UPBD icon
Upbound Group
UPBD
+$536K

Sector Composition

Rank Sector Weight
1 Industrials 27.09%
2 Materials 19.86%
3 Energy 18.98%
4 Financials 16.87%
5 Consumer Discretionary 12.18%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
KOS icon
26
Kosmos Energy
KOS
$1.47B
– –
-375,668
Closed -$624K
MBI icon
27
MBIA
MBI
$275M
– –
-62,072
Closed -$450K
UPBD icon
28
Upbound Group
UPBD
$1.22B
– –
-19,276
Closed -$536K
CRC
29
DELISTED
California Resources Corporation
CRC
– –
-280,284
Closed -$342K
1
2

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Elm Ridge Management's Q3 2020 Portfolio in Review

As of Q3 2020, Elm Ridge Management held 29 positions worth $36.9M, up 7.9% from $34.2M the previous quarter. Its ten largest holdings account for 58% of the portfolio.

Elm Ridge Management deployed $1.93M of net new capital in Q3 2020, opening 4 new positions and adding to 8 existing holdings. Its largest new stake was ArcelorMittal: 111,544 shares worth $1.48M.

By sector, the portfolio is most concentrated in Industrials at 27% of assets, down from 28% a quarter earlier, followed by Materials and Energy.

On the sell side, the largest reduction was United Rentals, an estimated $732K trimmed.

  • Elm Ridge Management's largest Q3 2020 buy was ArcelorMittal: 111,544 shares worth $1.48M.
  • Elm Ridge Management added most to Alcoa in Q3 2020, an estimated $661K increase.
  • Elm Ridge Management's biggest Q3 2020 reduction was United Rentals, cutting an estimated $732K.
  • Elm Ridge Management fully exited Kosmos Energy in Q3 2020, selling an estimated $624K.
  • Elm Ridge Management's ten largest holdings make up 58% of its $36.9M portfolio in Q3 2020.
  • Elm Ridge Management opened 4 new positions and closed 4 in Q3 2020.
  • Elm Ridge Management's portfolio value rose 7.9% quarter-over-quarter to $36.9M.

Based on Elm Ridge Management's 13F filing for Q3 2020, filed 16 Nov 2020.