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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
-1.85%
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
$83.3M
AUM Growth
-$7.82M
(-8.6%)
Cap. Flow
-$5.02M
Cap. Flow
% of AUM
-6.03%
Top 10 Holdings %
Top 10 Hldgs %
53.99%
Holding
31
New
2
Increased
12
Reduced
12
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Chemours
CC
|
+$1.7M |
| 2 |
Alcoa
AA
|
+$1.37M |
| 3 |
LyondellBasell Industries
LYB
|
+$1.24M |
| 4 |
Citizens Financial Group
CFG
|
+$1.21M |
| 5 |
Citigroup
C
|
+$1.18M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
General Motors
GM
|
+$2.47M |
| 2 |
Popular Inc
BPOP
|
+$2.25M |
| 3 |
YELL
Yellow Corporation Common Stock
YELL
|
+$1.87M |
| 4 |
Lear
LEA
|
+$1.67M |
| 5 |
Ford
F
|
+$1.63M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 45.67% |
| 2 | Materials | 27.5% |
| 3 | Industrials | 11.35% |
| 4 | Consumer Discretionary | 10.04% |
| 5 | Financials | 5.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
APA Corp
APA
$12.3B
| $572K | 0.69% |
+16,739
| New | +$598K |
|
27
PUT
Amazon
AMZN
$2.48T
| – | – |
-10,000
| Closed | -$572K |
|
28
PUT
Boeing
BA
$175B
| – | – |
-6,000
| Closed | -$208K |
|
|
29
Popular Inc
BPOP
$11.1B
| – | – |
-29,227
| Closed | -$2.25M |
|
|
30
General Motors
GM
$81.7B
| – | – |
-77,732
| Closed | -$2.47M |
|
31
PUT
Invesco QQQ Trust
QQQ
$445B
| – | – |
-25,500
| Closed | -$676K |
|
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Elm Ridge Management's Q3 2022 Portfolio in Review
As of Q3 2022, Elm Ridge Management held 31 positions worth $83.3M, down 8.6% from $91.2M the previous quarter. Its ten largest holdings account for 54% of the portfolio.
Elm Ridge Management withdrew a net $5.02M in Q3 2022, closing 5 positions and reducing 12 holdings. Its most notable exit was General Motors, an estimated $2.47M position sold in full.
By sector, the portfolio is most concentrated in Energy at 46% of assets, up from 43% a quarter earlier, followed by Materials and Industrials.
Against the trend, Elm Ridge Management opened a new position in Citizens Financial Group worth $1.12M.
- Elm Ridge Management's largest Q3 2022 buy was Citizens Financial Group: 32,649 shares worth $1.12M.
- Elm Ridge Management added most to Chemours in Q3 2022, an estimated $1.7M increase.
- Elm Ridge Management's biggest Q3 2022 reduction was Yellow Corporation Common Stock, cutting an estimated $1.87M.
- Elm Ridge Management fully exited General Motors in Q3 2022, selling an estimated $2.47M.
- Elm Ridge Management's ten largest holdings make up 54% of its $83.3M portfolio in Q3 2022.
- Elm Ridge Management opened 2 new positions and closed 5 in Q3 2022.
- Elm Ridge Management's portfolio value fell 8.6% quarter-over-quarter to $83.3M.
Based on Elm Ridge Management's 13F filing for Q3 2022, filed 14 Nov 2022.