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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
+49.21%
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
$49.5M
AUM Growth
+$12.6M
Cap. Flow
-$2.81M
Cap. Flow %
-5.68%
Top 10 Hldgs %
55.45%
Holding
26
New
1
Increased
9
Reduced
10
Closed
1

Top Buys

Rank Stock Value
1
CRC icon
California Resources
CRC
+$1.15M
2
WFC icon
Wells Fargo
WFC
+$934K
3
CC icon
Chemours
CC
+$768K
4
C icon
Citigroup
C
+$542K
5
DAN icon
Dana Inc
DAN
+$502K

Top Sells

Rank Stock Value
1
URI icon
United Rentals
URI
+$1.42M
2
AGO icon
Assured Guaranty
AGO
+$1.35M
3
FDX icon
FedEx
FDX
+$1.27M
4
AER icon
AerCap
AER
+$1.23M
5
MGA icon
Magna International
MGA
+$855K

Sector Composition

Rank Sector Weight
1 Energy 22.1%
2 Materials 21.9%
3 Industrials 20.1%
4 Financials 16.79%
5 Consumer Discretionary 14.2%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AGO icon
26
Assured Guaranty
AGO
$3.74B
– –
-62,882
Closed -$1.35M
1
2

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Elm Ridge Management's Q4 2020 Portfolio in Review

As of Q4 2020, Elm Ridge Management held 26 positions worth $49.5M, up 34% from $36.9M the previous quarter. Its ten largest holdings account for 55% of the portfolio.

Elm Ridge Management withdrew a net $2.81M in Q4 2020, closing 1 position and reducing 10 holdings. Its most notable exit was Assured Guaranty, an estimated $1.35M position sold in full.

By sector, the portfolio is most concentrated in Energy at 22% of assets, up from 19% a quarter earlier, followed by Materials and Industrials.

Against the trend, Elm Ridge Management opened a new position in California Resources worth $1.48M.

  • Elm Ridge Management's largest Q4 2020 buy was California Resources: 62,753 shares worth $1.48M.
  • Elm Ridge Management added most to Wells Fargo in Q4 2020, an estimated $934K increase.
  • Elm Ridge Management's biggest Q4 2020 reduction was United Rentals, cutting an estimated $1.42M.
  • Elm Ridge Management fully exited Assured Guaranty in Q4 2020, selling an estimated $1.35M.
  • Elm Ridge Management's ten largest holdings make up 55% of its $49.5M portfolio in Q4 2020.
  • Elm Ridge Management opened 1 new position and closed 1 in Q4 2020.
  • Elm Ridge Management's portfolio value rose 34% quarter-over-quarter to $49.5M.

Based on Elm Ridge Management's 13F filing for Q4 2020, filed 16 Feb 2021.