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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
+19.65%
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
$105M
AUM Growth
+$21.9M
(+26%)
Cap. Flow
+$7.98M
Cap. Flow
% of AUM
7.58%
Top 10 Holdings %
Top 10 Hldgs %
49.69%
Holding
28
New
2
Increased
10
Reduced
10
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
APA Corp
APA
|
+$3.28M |
| 2 |
Citizens Financial Group
CFG
|
+$2.6M |
| 3 |
OneMain Financial
OMF
|
+$2.02M |
| 4 |
YELL
Yellow Corporation Common Stock
YELL
|
+$1.41M |
| 5 |
Ford
F
|
+$1.31M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Dow Inc
DOW
|
+$1.67M |
| 2 |
AerCap
AER
|
+$1.29M |
| 3 |
Alcoa
AA
|
+$938K |
| 4 |
ArcelorMittal
MT
|
+$682K |
| 5 |
NOV
NOV
|
+$666K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 43.29% |
| 2 | Materials | 24.59% |
| 3 | Consumer Discretionary | 11.15% |
| 4 | Industrials | 10.74% |
| 5 | Financials | 10.22% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
OneMain Financial
OMF
$7.19B
| $1.89M | 1.8% |
+56,872
| New | +$2.02M |
|
27
FedEx
FDX
$74B
| $1.27M | 1.2% |
+7,314
| New | +$1.22M |
|
|
28
Dow Inc
DOW
$20.8B
| – | – |
-37,977
| Closed | -$1.67M |
|
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Elm Ridge Management's Q4 2022 Portfolio in Review
As of Q4 2022, Elm Ridge Management held 28 positions worth $105M, up 26% from $83.3M the previous quarter. Its ten largest holdings account for 50% of the portfolio.
Elm Ridge Management deployed $7.98M of net new capital in Q4 2022, opening 2 new positions and adding to 10 existing holdings. Its largest new stake was OneMain Financial: 56,872 shares worth $1.89M.
By sector, the portfolio is most concentrated in Energy at 43% of assets, down from 46% a quarter earlier, followed by Materials and Consumer Discretionary.
On the sell side, the largest reduction was AerCap, an estimated $1.29M trimmed.
- Elm Ridge Management's largest Q4 2022 buy was OneMain Financial: 56,872 shares worth $1.89M.
- Elm Ridge Management added most to APA Corp in Q4 2022, an estimated $3.28M increase.
- Elm Ridge Management's biggest Q4 2022 reduction was AerCap, cutting an estimated $1.29M.
- Elm Ridge Management fully exited Dow Inc in Q4 2022, selling an estimated $1.67M.
- Elm Ridge Management's ten largest holdings make up 50% of its $105M portfolio in Q4 2022.
- Elm Ridge Management opened 2 new positions and closed 1 in Q4 2022.
- Elm Ridge Management's portfolio value rose 26% quarter-over-quarter to $105M.
Based on Elm Ridge Management's 13F filing for Q4 2022, filed 14 Feb 2023.