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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
+4.84%
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
$1.06B
AUM Growth
+$68.1M
(+6.9%)
Cap. Flow
+$34.6M
Cap. Flow
% of AUM
3.27%
Top 10 Holdings %
Top 10 Hldgs %
52.57%
Holding
51
New
5
Increased
12
Reduced
19
Closed
14
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Carnival Corporation Ltd
CCL
|
+$16.1M |
| 2 |
International Paper
IP
|
+$14.7M |
| 3 |
ASNA
Ascena Retail Group, Inc.
ASNA
|
+$14.6M |
| 4 |
Upbound Group
UPBD
|
+$8.93M |
| 5 |
MBIA
MBI
|
+$7.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Nabors Industries
NBR
|
+$25M |
| 2 |
Martin Marietta Materials
MLM
|
+$14.3M |
| 3 |
TECD
Tech Data Corp
TECD
|
+$14.2M |
| 4 |
Boise Cascade
BCC
|
+$13M |
| 5 |
Eli Lilly
LLY
|
+$9.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 18.18% |
| 2 | Technology | 10.57% |
| 3 | Healthcare | 10.43% |
| 4 | Energy | 7.38% |
| 5 | Consumer Discretionary | 7.33% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$778B
| $172M | 16.28% |
880,000
+385,000
| +78% | +$73.2M |
|
2
PUT
iShares Russell 2000 ETF
IWM
$80.9B
| $78.4M | 7.41% |
660,000
+330,000
| +100% | +$37.5M |
|
|
DNY
3
DELISTED
DONNELLEY R R & SONS CO
DNY
| $51.8M | 4.9% |
3,056,312
+42,941
| +1% | +$728K |
|
|
4
MBIA
MBI
$288M
| $47.4M | 4.48% |
4,296,052
+641,576
| +18% | +$7.9M |
|
5
Assured Guaranty
AGO
$3.78B
| $45.8M | 4.33% |
1,869,658
-20,710
| -1% | -$514K |
|
6
American International
AIG
$41.9B
| $37M | 3.5% |
677,724
-36,657
| -5% | -$1.94M |
|
7
Alcoa
AA
$11.7B
| $35.3M | 3.33% |
985,318
-45,119
| -4% | -$1.48M |
|
|
8
Eli Lilly
LLY
$1.07T
| $30.4M | 2.87% |
489,190
-165,972
| -25% | -$9.9M |
|
9
Merck
MRK
$324B
| $29.5M | 2.79% |
534,237
-12,397
| -2% | -$676K |
|
10
Lockheed Martin
LMT
$134B
| $28.4M | 2.68% |
176,609
-5,232
| -3% | -$851K |
|
11
Elevance Health
ELV
$81.9B
| $28M | 2.65% |
260,433
-58,142
| -18% | -$5.99M |
|
12
APA Corp
APA
$12.8B
| $27.7M | 2.62% |
275,663
-19,258
| -7% | -$1.74M |
|
|
NFX
13
DELISTED
Newfield Exploration
NFX
| $27.3M | 2.58% |
617,555
-163,284
| -21% | -$5.86M |
|
|
IPG
14
DELISTED
Interpublic Group of Companies
IPG
| $26.4M | 2.49% |
1,351,108
-36,052
| -3% | -$654K |
|
15
Goldman Sachs
GS
$313B
| $23.2M | 2.2% |
138,845
-6,531
| -4% | -$1.05M |
|
|
WFT
16
DELISTED
Weatherford International plc
WFT
| $23.1M | 2.18% |
1,002,470
-48,803
| -5% | -$1M |
|
17
Corning
GLW
$126B
| $22.9M | 2.16% |
1,042,380
-308,109
| -23% | -$6.54M |
|
18
PUT
Toronto Dominion Bank
TD
$198B
| $22.6M | 2.14% |
440,000
+40,000
| +10% | +$1.94M |
|
19
Boston Scientific
BSX
$65.8B
| $22.4M | 2.12% |
1,757,871
+15,859
| +0.9% | +$206K |
|
20
Jabil
JBL
$32.8B
| $22.4M | 2.11% |
1,070,375
+127,962
| +14% | +$2.38M |
|
21
Citigroup
C
$222B
| $22.2M | 2.1% |
472,352
-25,769
| -5% | -$1.23M |
|
22
Kohl's
KSS
$2.03B
| $22.1M | 2.09% |
419,437
+67,435
| +19% | +$3.65M |
|
23
ON Semiconductor
ON
$33.8B
| $19.4M | 1.83% |
2,119,113
-430,838
| -17% | -$3.92M |
|
24
Quad
QUAD
$430M
| $19.4M | 1.83% |
865,201
-6,715
| -0.8% | -$144K |
|
|
SVU
25
DELISTED
SUPERVALU Inc.
SVU
| $18.7M | 1.77% |
325,512
-10,303
| -3% | -$531K |
|
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Elm Ridge Management's Q2 2014 Portfolio in Review
As of Q2 2014, Elm Ridge Management held 51 positions worth $1.06B, up 6.9% from $990M the previous quarter. Its ten largest holdings account for 53% of the portfolio.
Elm Ridge Management deployed $34.6M of net new capital in Q2 2014, opening 5 new positions and adding to 12 existing holdings. Its largest new stake was Carnival Corporation Ltd: 415,071 shares worth $15.6M.
By sector, the portfolio is most concentrated in Financials at 18% of assets, down from 21% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Eli Lilly, an estimated $9.9M trimmed.
- Elm Ridge Management's largest Q2 2014 buy was Carnival Corporation Ltd: 415,071 shares worth $15.6M.
- Elm Ridge Management added most to MBIA in Q2 2014, an estimated $7.9M increase.
- Elm Ridge Management's biggest Q2 2014 reduction was Eli Lilly, cutting an estimated $9.9M.
- Elm Ridge Management fully exited Nabors Industries in Q2 2014, selling an estimated $25M.
- Elm Ridge Management's ten largest holdings make up 53% of its $1.06B portfolio in Q2 2014.
- Elm Ridge Management opened 5 new positions and closed 14 in Q2 2014.
- Elm Ridge Management's portfolio value rose 6.9% quarter-over-quarter to $1.06B.
Based on Elm Ridge Management's 13F filing for Q2 2014, filed 14 Aug 2014.