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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
+5.52%
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
$569M
AUM Growth
+$49.9M
(+9.6%)
Cap. Flow
+$33.4M
Cap. Flow
% of AUM
5.87%
Top 10 Holdings %
Top 10 Hldgs %
61.75%
Holding
38
New
7
Increased
8
Reduced
19
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
American International
AIG
|
+$12.1M |
| 2 |
Range Resources
RRC
|
+$10.2M |
| 3 |
Nabors Industries
NBR
|
+$5.22M |
| 4 |
Murphy Oil
MUR
|
+$4.23M |
| 5 |
NMBL
Nimble Storage, Inc.
NMBL
|
+$4.09M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Terex
TEX
|
+$14.5M |
| 2 |
Progress Software
PRGS
|
+$9.91M |
| 3 |
DNY
DONNELLEY R R & SONS CO
DNY
|
+$9.74M |
| 4 |
MBIA
MBI
|
+$9.19M |
| 5 |
QEP
QEP RESOURCES, INC.
QEP
|
+$8.04M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 25.31% |
| 2 | Financials | 24.86% |
| 3 | Industrials | 7.42% |
| 4 | Technology | 4.96% |
| 5 | Materials | 2.51% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
iShares Russell 2000 ETF
IWM
$80.9B
| $133M | 23.35% |
1,200,000
+530,000
| +79% | +$54.9M |
|
|
2
MBIA
MBI
$288M
| $41M | 7.21% |
4,631,282
-1,261,239
| -21% | -$9.19M |
|
3
APA Corp
APA
$12.8B
| $29.3M | 5.15% |
600,019
-51,798
| -8% | -$2.15M |
|
|
DNY
4
DELISTED
DONNELLEY R R & SONS CO
DNY
| $29M | 5.1% |
1,767,144
-593,662
| -25% | -$9.74M |
|
5
Patterson-UTI
PTEN
$3.87B
| $27.2M | 4.78% |
1,541,670
-134,690
| -8% | -$2.01M |
|
6
Assured Guaranty
AGO
$3.78B
| $25.5M | 4.49% |
1,009,684
-168,242
| -14% | -$4.14M |
|
|
7
Murphy Oil
MUR
$5.58B
| $21.7M | 3.82% |
863,231
+211,053
| +32% | +$4.23M |
|
8
Helmerich & Payne
HP
$3.53B
| $15.4M | 2.71% |
262,599
-22,929
| -8% | -$1.21M |
|
9
Herc Holdings
HRI
$5.43B
| $15M | 2.64% |
474,735
+112,368
| +31% | +$3.3M |
|
10
Bank of America
BAC
$435B
| $14.3M | 2.51% |
1,056,211
-155,983
| -13% | -$2.11M |
|
11
Alcoa
AA
$11.7B
| $14.3M | 2.51% |
619,703
-54,730
| -8% | -$1.11M |
|
12
Citigroup
C
$222B
| $14.1M | 2.48% |
337,316
-91,890
| -21% | -$3.84M |
|
|
ASNA
13
DELISTED
Ascena Retail Group, Inc.
ASNA
| $13.9M | 2.44% |
62,630
+9,117
| +17% | +$1.61M |
|
14
Quad
QUAD
$430M
| $13.6M | 2.4% |
1,054,021
-92,551
| -8% | -$1M |
|
|
CBI
15
DELISTED
Chicago Bridge & Iron Nv
CBI
| $13.6M | 2.38% |
370,536
-32,139
| -8% | -$1.15M |
|
16
Upbound Group
UPBD
$1.19B
| $12.9M | 2.28% |
816,608
+56,839
| +7% | +$758K |
|
17
Popular Inc
BPOP
$11B
| $12.4M | 2.18% |
433,106
-41,886
| -9% | -$1.1M |
|
|
FITB
18
Fifth Third Bancorp
FITB
$52B
| $12.4M | 2.18% |
742,141
-64,081
| -8% | -$1.05M |
|
|
19
American International
AIG
$41.9B
| $12.1M | 2.13% |
+224,275
| New | +$12.1M |
|
|
20
Range Resources
RRC
$9.11B
| $11.9M | 2.09% |
+366,988
| New | +$10.2M |
|
|
DNR
21
DELISTED
Denbury Resources, Inc.
DNR
| $11.7M | 2.05% |
5,252,672
-1,007,866
| -16% | -$1.68M |
|
22
Applied Materials
AMAT
$426B
| $10.7M | 1.89% |
507,330
+161,808
| +47% | +$2.95M |
|
|
SWN
23
DELISTED
Southwestern Energy Company
SWN
| $9.78M | 1.72% |
1,211,232
+4,041
| +0.3% | +$31K |
|
24
Navient
NAVI
$774M
| $9.56M | 1.68% |
798,990
-70,816
| -8% | -$736K |
|
|
QEP
25
DELISTED
QEP RESOURCES, INC.
QEP
| $8M | 1.41% |
566,937
-695,019
| -55% | -$8.04M |
|
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Elm Ridge Management's Q1 2016 Portfolio in Review
As of Q1 2016, Elm Ridge Management held 38 positions worth $569M, up 9.6% from $519M the previous quarter. Its ten largest holdings account for 62% of the portfolio.
Elm Ridge Management deployed $33.4M of net new capital in Q1 2016, opening 7 new positions and adding to 8 existing holdings. Its largest new stake was American International: 224,275 shares worth $12.1M.
By sector, the portfolio is most concentrated in Energy at 25% of assets, up from 23% a quarter earlier, followed by Financials and Industrials.
On the sell side, the largest reduction was DONNELLEY R R & SONS CO, an estimated $9.74M trimmed.
- Elm Ridge Management's largest Q1 2016 buy was American International: 224,275 shares worth $12.1M.
- Elm Ridge Management added most to Murphy Oil in Q1 2016, an estimated $4.23M increase.
- Elm Ridge Management's biggest Q1 2016 reduction was DONNELLEY R R & SONS CO, cutting an estimated $9.74M.
- Elm Ridge Management fully exited Terex in Q1 2016, selling an estimated $14.5M.
- Elm Ridge Management's ten largest holdings make up 62% of its $569M portfolio in Q1 2016.
- Elm Ridge Management opened 7 new positions and closed 4 in Q1 2016.
- Elm Ridge Management's portfolio value rose 9.6% quarter-over-quarter to $569M.
Based on Elm Ridge Management's 13F filing for Q1 2016, filed 16 May 2016.