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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
+29.22%
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
$63.8M
AUM Growth
+$14.3M
Cap. Flow
+$3.81M
Cap. Flow %
5.97%
Top 10 Hldgs %
53.61%
Holding
28
New
3
Increased
7
Reduced
10
Closed
1

Top Buys

Rank Stock Value
1
NOV icon
NOV
NOV
+$2.27M
2
NEX
NexTier Oilfield Solutions Inc.
NEX
+$1.89M
3
CRC icon
California Resources
CRC
+$1.01M
4
UFS
DOMTAR CORPORATION (New)
UFS
+$969K
5
MGA icon
Magna International
MGA
+$638K

Top Sells

Rank Stock Value
1
URI icon
United Rentals
URI
+$1.69M
2
AER icon
AerCap
AER
+$1.02M
3
DAN icon
Dana Inc
DAN
+$958K
4
CFG icon
Citizens Financial Group
CFG
+$774K
5
WFC icon
Wells Fargo
WFC
+$456K

Sector Composition

Rank Sector Weight
1 Energy 30.08%
2 Materials 22.46%
3 Industrials 15.41%
4 Consumer Discretionary 13.6%
5 Financials 12.77%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NBR icon
26
Nabors Industries
NBR
$1.17B
$835K 1.31%
8,937
– –
ARKK icon
27
PUT
ARK Innovation ETF
ARKK
$5.63B
$308K 0.48%
+19,800
New +$2.68M
URI icon
28
United Rentals
URI
$67B
– –
-7,285
Closed -$1.69M
1
2

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Elm Ridge Management's Q1 2021 Portfolio in Review

As of Q1 2021, Elm Ridge Management held 28 positions worth $63.8M, up 29% from $49.5M the previous quarter. Its ten largest holdings account for 54% of the portfolio.

Elm Ridge Management deployed $3.81M of net new capital in Q1 2021, opening 3 new positions and adding to 7 existing holdings. Its largest new stake was NOV: 156,420 shares worth $2.15M.

By sector, the portfolio is most concentrated in Energy at 30% of assets, up from 22% a quarter earlier, followed by Materials and Industrials.

On the sell side, the largest reduction was AerCap, an estimated $1.02M trimmed.

  • Elm Ridge Management's largest Q1 2021 buy was NOV: 156,420 shares worth $2.15M.
  • Elm Ridge Management added most to California Resources in Q1 2021, an estimated $1.01M increase.
  • Elm Ridge Management's biggest Q1 2021 reduction was AerCap, cutting an estimated $1.02M.
  • Elm Ridge Management fully exited United Rentals in Q1 2021, selling an estimated $1.69M.
  • Elm Ridge Management's ten largest holdings make up 54% of its $63.8M portfolio in Q1 2021.
  • Elm Ridge Management opened 3 new positions and closed 1 in Q1 2021.
  • Elm Ridge Management's portfolio value rose 29% quarter-over-quarter to $63.8M.

Based on Elm Ridge Management's 13F filing for Q1 2021, filed 17 May 2021.