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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
+10.49%
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
$78.6M
AUM Growth
+$5.88M
(+8.1%)
Cap. Flow
+$3.34M
Cap. Flow
% of AUM
4.25%
Top 10 Holdings %
Top 10 Hldgs %
57.77%
Holding
32
New
5
Increased
8
Reduced
12
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Dow Inc
DOW
|
+$2.11M |
| 2 |
Antero Resources
AR
|
+$2.07M |
| 3 |
Ford
F
|
+$1.65M |
| 4 |
Sylvamo
SLVM
|
+$1.55M |
| 5 |
Steel Dynamics
STLD
|
+$1.24M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Wells Fargo
WFC
|
+$1.93M |
| 2 |
YELL
Yellow Corporation Common Stock
YELL
|
+$1.12M |
| 3 |
ArcBest
ARCB
|
+$1.11M |
| 4 |
Adient
ADNT
|
+$1.06M |
| 5 |
Magna International
MGA
|
+$841K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 45.73% |
| 2 | Materials | 25.29% |
| 3 | Industrials | 10.67% |
| 4 | Consumer Discretionary | 9.68% |
| 5 | Financials | 6.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Viatris
VTRS
$20.8B
| $1.02M | 1.3% |
75,510
| – | – |
|
27
Nabors Industries
NBR
$1.12B
| $725K | 0.92% |
8,937
| – | – |
|
28
PUT
ARK Innovation ETF
ARKK
$5.74B
| $380K | 0.48% |
60,000
+30,000
| +100% | +$3.28M |
|
|
29
ArcBest
ARCB
$3.33B
| – | – |
-13,619
| Closed | -$1.11M |
|
30
CALL
MBIA
MBI
$278M
| – | – |
-150,000
| Closed | -$480K |
|
|
31
Magna International
MGA
$18.8B
| – | – |
-11,172
| Closed | -$841K |
|
|
32
Wells Fargo
WFC
$263B
| – | – |
-41,608
| Closed | -$1.93M |
|
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Elm Ridge Management's Q4 2021 Portfolio in Review
As of Q4 2021, Elm Ridge Management held 32 positions worth $78.6M, up 8.1% from $72.7M the previous quarter. Its ten largest holdings account for 58% of the portfolio.
Elm Ridge Management deployed $3.34M of net new capital in Q4 2021, opening 5 new positions and adding to 8 existing holdings. Its largest new stake was Dow Inc: 37,076 shares worth $2.1M.
By sector, the portfolio is most concentrated in Energy at 46% of assets, down from 49% a quarter earlier, followed by Materials and Industrials.
On the sell side, the largest reduction was Yellow Corporation Common Stock, an estimated $1.12M trimmed.
- Elm Ridge Management's largest Q4 2021 buy was Dow Inc: 37,076 shares worth $2.1M.
- Elm Ridge Management added most to Popular Inc in Q4 2021, an estimated $838K increase.
- Elm Ridge Management's biggest Q4 2021 reduction was Yellow Corporation Common Stock, cutting an estimated $1.12M.
- Elm Ridge Management fully exited Wells Fargo in Q4 2021, selling an estimated $1.93M.
- Elm Ridge Management's ten largest holdings make up 58% of its $78.6M portfolio in Q4 2021.
- Elm Ridge Management opened 5 new positions and closed 4 in Q4 2021.
- Elm Ridge Management's portfolio value rose 8.1% quarter-over-quarter to $78.6M.
Based on Elm Ridge Management's 13F filing for Q4 2021, filed 14 Feb 2022.