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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
+0.75%
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
$1.05B
AUM Growth
+$35.5M
(+3.5%)
Cap. Flow
+$10.2M
Cap. Flow
% of AUM
0.97%
Top 10 Holdings %
Top 10 Hldgs %
56.46%
Holding
41
New
6
Increased
9
Reduced
18
Closed
6
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
DNR
Denbury Resources, Inc.
DNR
|
+$31.8M |
| 2 |
RDS.A
Royal Dutch Shell PLC ADS Class A
RDS.A
|
+$29.3M |
| 3 |
Murphy Oil
MUR
|
+$25.1M |
| 4 |
APA Corp
APA
|
+$15.8M |
| 5 |
Terex
TEX
|
+$15.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Lockheed Martin
LMT
|
+$37.9M |
| 2 |
Elevance Health
ELV
|
+$31.3M |
| 3 |
TIBX
TIBCO SOFTWARE INC
TIBX
|
+$24M |
| 4 |
ON Semiconductor
ON
|
+$19M |
| 5 |
Corning
GLW
|
+$14.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 19.51% |
| 2 | Energy | 12.39% |
| 3 | Healthcare | 6.92% |
| 4 | Technology | 6.22% |
| 5 | Consumer Discretionary | 4.67% |
| 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
| $184M | 17.55% |
893,000
+158,000
| +21% | +$31.8M |
|
2
PUT
iShares Russell 2000 ETF
IWM
$80.9B
| $121M | 11.57% |
1,011,800
+204,800
| +25% | +$23.4M |
|
3
MBIA
MBI
$288M
| $51M | 4.88% |
5,349,669
-31,835
| -0.6% | -$307K |
|
4
Assured Guaranty
AGO
$3.78B
| $42.8M | 4.09% |
1,645,603
-521,114
| -24% | -$12.6M |
|
|
DNY
5
DELISTED
DONNELLEY R R & SONS CO
DNY
| $41.7M | 3.98% |
2,479,910
-189,599
| -7% | -$3.19M |
|
6
American International
AIG
$41.9B
| $34.5M | 3.3% |
616,196
-63,736
| -9% | -$3.42M |
|
|
7
APA Corp
APA
$12.8B
| $31.2M | 2.99% |
498,403
+221,840
| +80% | +$15.8M |
|
|
RDS.A
8
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $28.4M | 2.71% |
+423,659
| New | +$29.3M |
|
|
DF
9
DELISTED
Dean Foods Company
DF
| $28.2M | 2.7% |
1,456,831
+163,901
| +13% | +$2.61M |
|
10
Upbound Group
UPBD
$1.19B
| $28.1M | 2.69% |
774,684
+38,671
| +5% | +$1.25M |
|
11
Carnival Corporation Ltd
CCL
$36.1B
| $27.5M | 2.63% |
605,945
+189,521
| +46% | +$7.75M |
|
12
Alcoa
AA
$11.7B
| $26.9M | 2.57% |
709,263
-260,424
| -27% | -$10.1M |
|
13
Eli Lilly
LLY
$1.07T
| $26.2M | 2.5% |
379,479
-207,436
| -35% | -$14M |
|
14
Merck
MRK
$324B
| $24.9M | 2.38% |
460,378
+44,960
| +11% | +$2.5M |
|
|
DNR
15
DELISTED
Denbury Resources, Inc.
DNR
| $24.9M | 2.38% |
+3,066,074
| New | +$31.8M |
|
|
16
Murphy Oil
MUR
$5.58B
| $24.8M | 2.37% |
+490,567
| New | +$25.1M |
|
17
Goldman Sachs
GS
$313B
| $24.5M | 2.34% |
126,240
-13,058
| -9% | -$2.45M |
|
18
Citigroup
C
$222B
| $23.2M | 2.22% |
429,474
-44,422
| -9% | -$2.36M |
|
|
ASNA
19
DELISTED
Ascena Retail Group, Inc.
ASNA
| $22.8M | 2.18% |
90,599
-6,444
| -7% | -$1.6M |
|
20
Jabil
JBL
$32.8B
| $21.2M | 2.03% |
973,202
-100,664
| -9% | -$2.05M |
|
21
Boston Scientific
BSX
$65.8B
| $21.2M | 2.03% |
1,601,054
-754,734
| -32% | -$9.65M |
|
|
NFX
22
DELISTED
Newfield Exploration
NFX
| $20.3M | 1.94% |
749,216
+301,609
| +67% | +$8.96M |
|
|
SVU
23
DELISTED
SUPERVALU Inc.
SVU
| $20.1M | 1.92% |
295,960
-30,612
| -9% | -$1.91M |
|
|
UFS
24
DELISTED
DOMTAR CORPORATION (New)
UFS
| $19.4M | 1.85% |
481,915
-49,848
| -9% | -$1.96M |
|
|
IPG
25
DELISTED
Interpublic Group of Companies
IPG
| $18.7M | 1.79% |
899,547
-455,966
| -34% | -$8.77M |
|
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Elm Ridge Management's Q4 2014 Portfolio in Review
As of Q4 2014, Elm Ridge Management held 41 positions worth $1.05B, up 3.5% from $1.01B the previous quarter. Its ten largest holdings account for 56% of the portfolio.
Elm Ridge Management's Q4 2014 filing shows 6 new, 9 increased, 18 reduced and 6 closed positions. Its largest new stake was Denbury Resources, Inc.: 3,066,074 shares worth $24.9M. The largest sale was Lockheed Martin, an estimated $37.9M.
By sector, the portfolio is most concentrated in Financials at 20% of assets, down from 21% a quarter earlier, followed by Energy and Healthcare.
- Elm Ridge Management's largest Q4 2014 buy was Denbury Resources, Inc.: 3,066,074 shares worth $24.9M.
- Elm Ridge Management added most to APA Corp in Q4 2014, an estimated $15.8M increase.
- Elm Ridge Management's biggest Q4 2014 reduction was Eli Lilly, cutting an estimated $14M.
- Elm Ridge Management fully exited Lockheed Martin in Q4 2014, selling an estimated $37.9M.
- Elm Ridge Management's ten largest holdings make up 56% of its $1.05B portfolio in Q4 2014.
- Elm Ridge Management opened 6 new positions and closed 6 in Q4 2014.
- Elm Ridge Management's portfolio value rose 3.5% quarter-over-quarter to $1.05B.
Based on Elm Ridge Management's 13F filing for Q4 2014, filed 17 Feb 2015.