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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
+7.77%
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
$817M
AUM Growth
-$103M
(-11%)
Cap. Flow
-$169M
Cap. Flow
% of AUM
-20.72%
Top 10 Holdings %
Top 10 Hldgs %
37.84%
Holding
71
New
4
Increased
11
Reduced
25
Closed
14
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
IPG
Interpublic Group of Companies
IPG
|
+$13M |
| 2 |
Abercrombie & Fitch
ANF
|
+$9.91M |
| 3 |
ARO
Aeropostale Inc
ARO
|
+$9.51M |
| 4 |
SVU
SUPERVALU Inc.
SVU
|
+$8.66M |
| 5 |
Jabil
JBL
|
+$6.46M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Lear
LEA
|
+$19.4M |
| 2 |
AET
Aetna Inc
AET
|
+$17.6M |
| 3 |
DNY
DONNELLEY R R & SONS CO
DNY
|
+$16.7M |
| 4 |
NAV
Navistar International
NAV
|
+$15.2M |
| 5 |
First American
FAF
|
+$13.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 21.44% |
| 2 | Technology | 11.81% |
| 3 | Healthcare | 11.77% |
| 4 | Industrials | 10.95% |
| 5 | Materials | 10.52% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
DNY
1
DELISTED
DONNELLEY R R & SONS CO
DNY
| $43.6M | 5.34% |
2,152,055
-821,281
| -28% | -$16.7M |
|
2
MBIA
MBI
$288M
| $40M | 4.9% |
3,349,047
-466,227
| -12% | -$5.37M |
|
3
Assured Guaranty
AGO
$3.78B
| $37.6M | 4.6% |
1,592,230
-293,912
| -16% | -$6.39M |
|
4
Quad
QUAD
$430M
| $30.3M | 3.71% |
1,114,112
-289,971
| -21% | -$8.22M |
|
5
American International
AIG
$41.9B
| $28M | 3.42% |
547,551
-28,885
| -5% | -$1.44M |
|
|
SWY
6
DELISTED
SAFEWAY INC
SWY
| $27.9M | 3.41% |
955,474
-198,477
| -17% | -$5.96M |
|
7
Boston Scientific
BSX
$65.8B
| $27.7M | 3.39% |
2,300,536
-247,631
| -10% | -$2.93M |
|
8
Alcoa
AA
$11.7B
| $25.9M | 3.18% |
1,015,434
-207,349
| -17% | -$4.6M |
|
9
Lockheed Martin
LMT
$134B
| $24.5M | 3% |
164,559
-41,332
| -20% | -$5.61M |
|
10
Merck
MRK
$324B
| $23.6M | 2.89% |
495,028
-101,082
| -17% | -$4.62M |
|
11
Corning
GLW
$126B
| $23.1M | 2.83% |
1,296,942
-264,831
| -17% | -$4.36M |
|
12
Bank of America
BAC
$435B
| $21.3M | 2.6% |
1,365,480
-278,826
| -17% | -$4.14M |
|
13
Elevance Health
ELV
$81.9B
| $19.2M | 2.35% |
208,120
-42,498
| -17% | -$3.78M |
|
14
Nabors Industries
NBR
$1.23B
| $19.2M | 2.35% |
22,569
+1,002
| +5% | +$849K |
|
15
ON Semiconductor
ON
$33.8B
| $19M | 2.33% |
2,309,251
-59,323
| -3% | -$433K |
|
16
Eli Lilly
LLY
$1.07T
| $19M | 2.32% |
372,236
-80,582
| -18% | -$4.04M |
|
17
PUT
Toronto Dominion Bank
TD
$198B
| $18.8M | 2.31% |
400,000
| – | – |
|
18
Applied Materials
AMAT
$426B
| $17.9M | 2.2% |
1,014,341
-232,571
| -19% | -$4.05M |
|
|
19
Jabil
JBL
$32.8B
| $17.4M | 2.13% |
998,527
+318,458
| +47% | +$6.46M |
|
|
NFX
20
DELISTED
Newfield Exploration
NFX
| $16.9M | 2.06% |
684,142
+4,776
| +0.7% | +$134K |
|
|
MDR
21
DELISTED
McDermott International
MDR
| $15M | 1.83% |
544,725
+140,583
| +35% | +$3.29M |
|
|
SVU
22
DELISTED
SUPERVALU Inc.
SVU
| $14.9M | 1.83% |
292,832
+175,519
| +150% | +$8.66M |
|
23
BP
BP
$113B
| $14.7M | 1.8% |
370,402
-75,635
| -17% | -$2.82M |
|
24
Kohl's
KSS
$2.03B
| $14.2M | 1.74% |
250,076
-51,064
| -17% | -$2.8M |
|
25
Goldman Sachs
GS
$313B
| $14M | 1.71% |
78,793
+21,093
| +37% | +$3.48M |
|
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Elm Ridge Management's Q4 2013 Portfolio in Review
As of Q4 2013, Elm Ridge Management held 71 positions worth $817M, down 11% from $920M the previous quarter. Its ten largest holdings account for 38% of the portfolio.
Elm Ridge Management withdrew a net $169M in Q4 2013, closing 14 positions and reducing 25 holdings. Its most notable exit was Lear, an estimated $19.4M position sold in full.
By sector, the portfolio is most concentrated in Financials at 21% of assets, down from 21% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Elm Ridge Management opened a new position in Interpublic Group of Companies worth $13.7M.
- Elm Ridge Management's largest Q4 2013 buy was Interpublic Group of Companies: 773,500 shares worth $13.7M.
- Elm Ridge Management added most to SUPERVALU Inc. in Q4 2013, an estimated $8.66M increase.
- Elm Ridge Management's biggest Q4 2013 reduction was DONNELLEY R R & SONS CO, cutting an estimated $16.7M.
- Elm Ridge Management fully exited Lear in Q4 2013, selling an estimated $19.4M.
- Elm Ridge Management's ten largest holdings make up 38% of its $817M portfolio in Q4 2013.
- Elm Ridge Management opened 4 new positions and closed 14 in Q4 2013.
- Elm Ridge Management's portfolio value fell 11% quarter-over-quarter to $817M.
Based on Elm Ridge Management's 13F filing for Q4 2013, filed 14 Feb 2014.