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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
-2.41%
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
$96M
AUM Growth
-$9.28M
(-8.8%)
Cap. Flow
-$4.94M
Cap. Flow
% of AUM
-5.15%
Top 10 Holdings %
Top 10 Hldgs %
53.36%
Holding
27
New
–
Increased
14
Reduced
9
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
OneMain Financial
OMF
|
+$2.36M |
| 2 |
APA Corp
APA
|
+$811K |
| 3 |
Dana Inc
DAN
|
+$676K |
| 4 |
Citigroup
C
|
+$585K |
| 5 |
Lear
LEA
|
+$514K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Citizens Financial Group
CFG
|
+$3.91M |
| 2 |
Ford
F
|
+$2.55M |
| 3 |
FedEx
FDX
|
+$1.27M |
| 4 |
Sylvamo
SLVM
|
+$1.17M |
| 5 |
NOV
NOV
|
+$962K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 41.86% |
| 2 | Materials | 26.5% |
| 3 | Consumer Discretionary | 11.69% |
| 4 | Financials | 10.4% |
| 5 | Industrials | 9.55% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
Ford
F
$62.5B
| – | – |
-219,560
| Closed | -$2.55M |
|
|
27
FedEx
FDX
$73.3B
| – | – |
-7,314
| Closed | -$1.27M |
|
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Elm Ridge Management's Q1 2023 Portfolio in Review
As of Q1 2023, Elm Ridge Management held 27 positions worth $96M, down 8.8% from $105M the previous quarter. Its ten largest holdings account for 53% of the portfolio.
Elm Ridge Management withdrew a net $4.94M in Q1 2023, closing 3 positions and reducing 9 holdings. Its most notable exit was Citizens Financial Group, an estimated $3.91M position sold in full.
By sector, the portfolio is most concentrated in Energy at 42% of assets, down from 43% a quarter earlier, followed by Materials and Consumer Discretionary.
Against the trend, Elm Ridge Management added an estimated $2.36M to OneMain Financial.
- Elm Ridge Management added most to OneMain Financial in Q1 2023, an estimated $2.36M increase.
- Elm Ridge Management's biggest Q1 2023 reduction was Sylvamo, cutting an estimated $1.17M.
- Elm Ridge Management fully exited Citizens Financial Group in Q1 2023, selling an estimated $3.91M.
- Elm Ridge Management's ten largest holdings make up 53% of its $96M portfolio in Q1 2023.
- Elm Ridge Management opened 0 new positions and closed 3 in Q1 2023.
- Elm Ridge Management's portfolio value fell 8.8% quarter-over-quarter to $96M.
Based on Elm Ridge Management's 13F filing for Q1 2023, filed 15 May 2023.