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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
Cap. Flow
+$123M
Cap. Flow %
12.41%
Top 10 Hldgs %
45.6%
Holding
62
New
5
Increased
24
Reduced
12
Closed
16

Top Buys

Rank Stock Value
1
APA icon
APA Corp
APA
+$24.2M
2
LLY icon
Eli Lilly
LLY
+$15.8M
3
DNY
DONNELLEY R R & SONS CO
DNY
+$15.4M
4
BPOP icon
Popular Inc
BPOP
+$14.8M
5
C icon
Citigroup
C
+$12.3M

Top Sells

Rank Stock Value
1
SWY
SAFEWAY INC
SWY
+$27.9M
2
BAC icon
Bank of America
BAC
+$21.3M
3
MDR
McDermott International
MDR
+$15M
4
BP icon
BP
BP
+$14.7M
5
JPM icon
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
SPY icon
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$778B
$92.6M 9.35%
+495,000
New +$90.8M
DNY
2
DELISTED
DONNELLEY R R & SONS CO
DNY
$53.9M 5.45%
3,013,371
+861,316
+40% +$15.4M
MBI icon
3
MBIA
MBI
$288M
$51.1M 5.16%
3,654,476
+305,429
+9% +$3.89M
AGO icon
4
Assured Guaranty
AGO
$3.78B
$47.9M 4.83%
1,890,368
+298,138
+19% +$7.05M
LLY icon
5
Eli Lilly
LLY
$1.07T
$38.6M 3.9%
655,162
+282,926
+76% +$15.8M
IWM icon
6
PUT
iShares Russell 2000 ETF
IWM
$80.9B
$38.4M 3.88%
+330,000
New +$38.1M
AIG icon
7
American International
AIG
$41.9B
$35.7M 3.61%
714,381
+166,830
+30% +$8.3M
AA icon
8
Alcoa
AA
$11.7B
$31.9M 3.22%
1,030,437
+15,003
+1% +$417K
ELV icon
9
Elevance Health
ELV
$81.9B
$31.7M 3.2%
318,575
+110,455
+53% +$9.99M
LMT icon
10
Lockheed Martin
LMT
$134B
$29.7M 3%
181,841
+17,282
+11% +$2.71M
MRK icon
11
Merck
MRK
$324B
$29.6M 2.99%
546,634
+51,606
+10% +$2.67M
GLW icon
12
Corning
GLW
$126B
$28.1M 2.84%
1,350,489
+53,547
+4% +$1.01M
NBR icon
13
Nabors Industries
NBR
$1.23B
$25M 2.53%
20,311
-2,258
-10% -$2.25M
NFX
14
DELISTED
Newfield Exploration
NFX
$24.5M 2.47%
780,839
+96,697
+14% +$2.56M
APA icon
15
APA Corp
APA
$12.8B
$24.5M 2.47%
+294,921
New +$24.2M
ON icon
16
ON Semiconductor
ON
$33.8B
$24M 2.42%
2,549,951
+240,700
+10% +$2.16M
GS icon
17
Goldman Sachs
GS
$313B
$23.8M 2.41%
145,376
+66,583
+85% +$11.2M
IPG
18
DELISTED
Interpublic Group of Companies
IPG
$23.8M 2.4%
1,387,160
+613,660
+79% +$10.5M
C icon
19
Citigroup
C
$222B
$23.7M 2.39%
498,121
+246,476
+98% +$12.3M
BSX icon
20
Boston Scientific
BSX
$65.8B
$23.6M 2.38%
1,742,012
-558,524
-24% -$7.33M
AMAT icon
21
Applied Materials
AMAT
$426B
$22.8M 2.3%
1,116,127
+101,786
+10% +$1.87M
QUAD icon
22
Quad
QUAD
$430M
$20.4M 2.07%
871,916
-242,196
-22% -$5.78M
KSS icon
23
Kohl's
KSS
$2.03B
$20M 2.02%
352,002
+101,926
+41% +$5.46M
TD icon
24
PUT
Toronto Dominion Bank
TD
$198B
$18.8M 1.9%
400,000
– –
WFT
25
DELISTED
Weatherford International plc
WFT
$18.3M 1.84%
1,051,273
+356,447
+51% +$5.46M
1
2 3

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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.