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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
+8.29%
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
$990M
AUM Growth
+$173M
(+21%)
Cap. Flow
+$123M
Cap. Flow
% of AUM
12.41%
Top 10 Holdings %
Top 10 Hldgs %
45.6%
Holding
62
New
5
Increased
24
Reduced
12
Closed
16
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
APA Corp
APA
|
+$24.2M |
| 2 |
Eli Lilly
LLY
|
+$15.8M |
| 3 |
DNY
DONNELLEY R R & SONS CO
DNY
|
+$15.4M |
| 4 |
Popular Inc
BPOP
|
+$14.8M |
| 5 |
Citigroup
C
|
+$12.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SWY
SAFEWAY INC
SWY
|
+$27.9M |
| 2 |
Bank of America
BAC
|
+$21.3M |
| 3 |
MDR
McDermott International
MDR
|
+$15M |
| 4 |
BP
BP
|
+$14.7M |
| 5 |
JPMorgan Chase
JPM
|
+$11.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 20.68% |
| 2 | Healthcare | 12.47% |
| 3 | Technology | 11.94% |
| 4 | Energy | 9.32% |
| 5 | Materials | 9.07% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Equinix
EQIX
$107B
| – | – |
-6,842
| Closed | -$1.21M |
|
|
52
JPMorgan Chase
JPM
$939B
| – | – |
-203,871
| Closed | -$11.9M |
|
53
Lindsay Corp
LNN
$1.16B
| – | – |
-92,134
| Closed | -$7.62M |
|
54
Under Armour
UAA
$3B
| – | – |
-415,367
| Closed | -$9M |
|
55
Ulta Beauty
ULTA
$20.4B
| – | – |
-100,000
| Closed | -$9.65M |
|
56
Marriott Vacations Worldwide
VAC
$3.24B
| – | – |
-187,122
| Closed | -$9.87M |
|
57
Vulcan Materials
VMC
$36.3B
| – | – |
-11,651
| Closed | -$692K |
|
|
HDS
58
DELISTED
HD Supply Holdings, Inc.
HDS
| – | – |
-120,600
| Closed | -$2.9M |
|
|
MDR
59
DELISTED
McDermott International
MDR
| – | – |
-544,725
| Closed | -$15M |
|
|
CAB
60
DELISTED
Cabela's Inc
CAB
| – | – |
-98,807
| Closed | -$6.59M |
|
|
SWY
61
DELISTED
SAFEWAY INC
SWY
| – | – |
-955,474
| Closed | -$27.9M |
|
|
RTI
62
DELISTED
RTI INTL METALS INC(HLDG CO)
RTI
| – | – |
-52,670
| Closed | -$1.8M |
|
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Elm Ridge Management's Q1 2014 Portfolio in Review
As of Q1 2014, Elm Ridge Management held 62 positions worth $990M, up 21% from $817M the previous quarter. Its ten largest holdings account for 46% of the portfolio.
Elm Ridge Management deployed $123M of net new capital in Q1 2014, opening 5 new positions and adding to 24 existing holdings. Its largest new stake was APA Corp: 294,921 shares worth $24.5M.
By sector, the portfolio is most concentrated in Financials at 21% of assets, down from 21% a quarter earlier, followed by Healthcare and Technology.
On the sell side, the largest reduction was US Steel, an estimated $7.53M trimmed.
- Elm Ridge Management's largest Q1 2014 buy was APA Corp: 294,921 shares worth $24.5M.
- Elm Ridge Management added most to Eli Lilly in Q1 2014, an estimated $15.8M increase.
- Elm Ridge Management's biggest Q1 2014 reduction was US Steel, cutting an estimated $7.53M.
- Elm Ridge Management fully exited SAFEWAY INC in Q1 2014, selling an estimated $27.9M.
- Elm Ridge Management's ten largest holdings make up 46% of its $990M portfolio in Q1 2014.
- Elm Ridge Management opened 5 new positions and closed 16 in Q1 2014.
- Elm Ridge Management's portfolio value rose 21% quarter-over-quarter to $990M.
Based on Elm Ridge Management's 13F filing for Q1 2014, filed 15 May 2014.