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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
-4.94%
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
$304M
AUM Growth
-$101M
(-25%)
Cap. Flow
-$75.9M
Cap. Flow
% of AUM
-24.98%
Top 10 Holdings %
Top 10 Hldgs %
51.58%
Holding
38
New
4
Increased
4
Reduced
22
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
HTZ
Hertz Global Holdings, Inc.
HTZ
|
+$2.28M |
| 2 |
MBIA
MBI
|
+$1.55M |
| 3 |
Patterson-UTI
PTEN
|
+$972K |
| 4 |
Devon Energy
DVN
|
+$955K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Micron Technology
MU
|
+$4.23M |
| 2 |
ConocoPhillips
COP
|
+$3.08M |
| 3 |
Upbound Group
UPBD
|
+$2.13M |
| 4 |
Quad
QUAD
|
+$1.66M |
| 5 |
LKSD
LSC Communications, Inc.
LKSD
|
+$1.48M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 33.53% |
| 2 | Energy | 31.56% |
| 3 | Industrials | 8.59% |
| 4 | Technology | 4.65% |
| 5 | Materials | 3.73% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
MBIA
MBI
$288M
| $32.1M | 10.55% |
3,398,935
+182,197
| +6% | +$1.55M |
|
2
Assured Guaranty
AGO
$3.78B
| $22.7M | 7.47% |
543,608
-21,382
| -4% | -$843K |
|
3
APA Corp
APA
$12.8B
| $16.3M | 5.35% |
339,051
-13,334
| -4% | -$657K |
|
|
4
CALL
APA Corp
APA
$12.8B
| $13.6M | 4.47% |
283,200
| – | – |
|
5
Citigroup
C
$222B
| $13.5M | 4.43% |
201,529
-7,926
| -4% | -$486K |
|
6
American International
AIG
$41.9B
| $12.9M | 4.25% |
206,487
-8,121
| -4% | -$505K |
|
7
Bank of America
BAC
$435B
| $11.7M | 3.86% |
483,223
-19,005
| -4% | -$443K |
|
|
RRD
8
DELISTED
RR Donnelley & Sons Co.
RRD
| $11.6M | 3.82% |
926,472
-36,441
| -4% | -$448K |
|
9
Alcoa
AA
$11.7B
| $11.3M | 3.73% |
346,806
-13,641
| -4% | -$443K |
|
|
10
Devon Energy
DVN
$51.9B
| $11.2M | 3.67% |
349,399
+26,124
| +8% | +$955K |
|
11
Murphy Oil
MUR
$5.58B
| $10.9M | 3.59% |
426,106
-16,760
| -4% | -$437K |
|
|
12
Patterson-UTI
PTEN
$3.87B
| $10.7M | 3.52% |
529,959
+44,610
| +9% | +$972K |
|
13
Popular Inc
BPOP
$11B
| $9.06M | 2.98% |
217,338
-8,548
| -4% | -$339K |
|
|
14
ConocoPhillips
COP
$147B
| $8.62M | 2.83% |
195,999
-66,116
| -25% | -$3.08M |
|
|
15
Upbound Group
UPBD
$1.19B
| $8.56M | 2.82% |
730,742
-188,819
| -21% | -$2.13M |
|
|
CRC
16
DELISTED
California Resources Corporation
CRC
| $7.89M | 2.6% |
923,054
-36,304
| -4% | -$427K |
|
17
PUT
Intuit
INTU
$81.1B
| $6.64M | 2.18% |
50,000
| – | – |
|
18
Range Resources
RRC
$9.11B
| $6.44M | 2.12% |
278,053
-10,936
| -4% | -$276K |
|
|
QEP
19
DELISTED
QEP RESOURCES, INC.
QEP
| $6.12M | 2.01% |
605,892
-23,830
| -4% | -$258K |
|
|
HTZ
20
DELISTED
Hertz Global Holdings, Inc.
HTZ
| $5.8M | 1.91% |
580,355
+212,088
| +58% | +$2.28M |
|
21
PUT
Campbell Soup
CPB
$6.51B
| $5.74M | 1.89% |
+110,000
| New | +$6.23M |
|
22
Nabors Industries
NBR
$1.23B
| $5.69M | 1.87% |
13,974
-550
| -4% | -$277K |
|
|
23
Micron Technology
MU
$1.04T
| $5.56M | 1.83% |
186,086
-144,397
| -44% | -$4.23M |
|
|
DNR
24
DELISTED
Denbury Resources, Inc.
DNR
| $5.25M | 1.73% |
3,429,905
-134,881
| -4% | -$252K |
|
|
LKSD
25
DELISTED
LSC Communications, Inc.
LKSD
| $4.82M | 1.58% |
225,119
-64,900
| -22% | -$1.48M |
|
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Elm Ridge Management's Q2 2017 Portfolio in Review
As of Q2 2017, Elm Ridge Management held 38 positions worth $304M, down 25% from $405M the previous quarter. Its ten largest holdings account for 52% of the portfolio.
Elm Ridge Management withdrew a net $75.9M in Q2 2017, closing 1 position and reducing 22 holdings. Its largest reduction was Micron Technology, cutting an estimated $4.23M.
By sector, the portfolio is most concentrated in Financials at 34% of assets, up from 23% a quarter earlier, followed by Energy and Industrials.
Against the trend, Elm Ridge Management added an estimated $2.28M to Hertz Global Holdings, Inc..
- Elm Ridge Management added most to Hertz Global Holdings, Inc. in Q2 2017, an estimated $2.28M increase.
- Elm Ridge Management's biggest Q2 2017 reduction was Micron Technology, cutting an estimated $4.23M.
- Elm Ridge Management's ten largest holdings make up 52% of its $304M portfolio in Q2 2017.
- Elm Ridge Management opened 4 new positions and closed 1 in Q2 2017.
- Elm Ridge Management's portfolio value fell 25% quarter-over-quarter to $304M.
Based on Elm Ridge Management's 13F filing for Q2 2017, filed 14 Aug 2017.