We are live on
!
Find out more
ERM
Elm Ridge Management Portfolio holdings
AUM
$88.8M
1-Year Est. Return
18.88%
This Fund
S&P 500
This Quarter
Est. Return
+4.76%
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
$238M
AUM Growth
-$66.3M
(-22%)
Cap. Flow
-$70.3M
Cap. Flow
% of AUM
-29.59%
Top 10 Holdings %
Top 10 Hldgs %
55.29%
Holding
38
New
1
Increased
5
Reduced
22
Closed
8
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
DNR
Denbury Resources, Inc.
DNR
|
+$1.73M |
| 2 |
LKSD
LSC Communications, Inc.
LKSD
|
+$1.18M |
| 3 |
RRD
RR Donnelley & Sons Co.
RRD
|
+$216K |
| 4 |
Range Resources
RRC
|
+$191K |
| 5 |
Nabors Industries
NBR
|
+$140K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Assured Guaranty
AGO
|
+$6.65M |
| 2 |
MBIA
MBI
|
+$5.74M |
| 3 |
Murphy Oil
MUR
|
+$3.85M |
| 4 |
ConocoPhillips
COP
|
+$3.54M |
| 5 |
HTZ
Hertz Global Holdings, Inc.
HTZ
|
+$2.76M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 35.63% |
| 2 | Financials | 33.36% |
| 3 | Industrials | 10.47% |
| 4 | Materials | 5.66% |
| 5 | Technology | 5.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
MBIA
MBI
$288M
| $24.6M | 10.35% |
2,827,186
-571,749
| -17% | -$5.74M |
|
|
2
Assured Guaranty
AGO
$3.78B
| $14.7M | 6.17% |
388,229
-155,379
| -29% | -$6.65M |
|
3
APA Corp
APA
$12.8B
| $14.1M | 5.92% |
306,985
-32,066
| -9% | -$1.41M |
|
4
Alcoa
AA
$11.7B
| $13.5M | 5.66% |
288,685
-58,121
| -17% | -$2.32M |
|
5
Citigroup
C
$222B
| $12.2M | 5.14% |
167,745
-33,784
| -17% | -$2.31M |
|
|
6
CALL
APA Corp
APA
$12.8B
| $10.7M | 4.49% |
233,200
-50,000
| -18% | -$2.2M |
|
7
Devon Energy
DVN
$51.9B
| $10.7M | 4.49% |
290,806
-58,593
| -17% | -$1.9M |
|
8
American International
AIG
$41.9B
| $10.6M | 4.44% |
171,869
-34,618
| -17% | -$2.16M |
|
9
Patterson-UTI
PTEN
$3.87B
| $10.3M | 4.34% |
492,005
-37,954
| -7% | -$699K |
|
10
Bank of America
BAC
$435B
| $10.2M | 4.29% |
402,209
-81,014
| -17% | -$1.97M |
|
|
RRD
11
DELISTED
RR Donnelley & Sons Co.
RRD
| $9.76M | 4.11% |
947,288
+20,816
| +2% | +$216K |
|
|
CRC
12
DELISTED
California Resources Corporation
CRC
| $8.03M | 3.38% |
767,676
-155,378
| -17% | -$1.24M |
|
|
HTZ
13
DELISTED
Hertz Global Holdings, Inc.
HTZ
| $7.88M | 3.31% |
405,417
-174,938
| -30% | -$2.76M |
|
14
Upbound Group
UPBD
$1.19B
| $7.8M | 3.28% |
679,608
-51,134
| -7% | -$632K |
|
|
15
Murphy Oil
MUR
$5.58B
| $7.24M | 3.05% |
272,583
-153,523
| -36% | -$3.85M |
|
16
Popular Inc
BPOP
$11B
| $7.08M | 2.98% |
196,990
-20,348
| -9% | -$823K |
|
|
DNR
17
DELISTED
Denbury Resources, Inc.
DNR
| $6.38M | 2.68% |
4,759,936
+1,330,031
| +39% | +$1.73M |
|
|
18
ConocoPhillips
COP
$147B
| $5.87M | 2.47% |
117,275
-78,724
| -40% | -$3.54M |
|
|
19
Nabors Industries
NBR
$1.23B
| $5.79M | 2.44% |
14,356
+382
| +3% | +$140K |
|
|
20
Range Resources
RRC
$9.11B
| $5.64M | 2.37% |
287,960
+9,907
| +4% | +$191K |
|
|
LKSD
21
DELISTED
LSC Communications, Inc.
LKSD
| $4.81M | 2.02% |
291,065
+65,946
| +29% | +$1.18M |
|
22
Micron Technology
MU
$1.04T
| $4.78M | 2.01% |
121,570
-64,516
| -35% | -$2.04M |
|
|
QEP
23
DELISTED
QEP RESOURCES, INC.
QEP
| $4.32M | 1.82% |
504,317
-101,575
| -17% | -$831K |
|
24
PUT
Rollins
ROL
$18.6B
| $4.11M | 1.73% |
200,250
| – | – |
|
|
SWN
25
DELISTED
Southwestern Energy Company
SWN
| $4.03M | 1.69% |
658,959
-132,711
| -17% | -$752K |
|
Similar funds
BCM
DVI
BM
ABP
RG
CBNLCF
ZCM
WCM
Elm Ridge Management's Q3 2017 Portfolio in Review
As of Q3 2017, Elm Ridge Management held 38 positions worth $238M, down 22% from $304M the previous quarter. Its ten largest holdings account for 55% of the portfolio.
Elm Ridge Management withdrew a net $70.3M in Q3 2017, closing 8 positions and reducing 22 holdings. Its largest reduction was Assured Guaranty, cutting an estimated $6.65M.
By sector, the portfolio is most concentrated in Energy at 36% of assets, up from 32% a quarter earlier, followed by Financials and Industrials.
Against the trend, Elm Ridge Management added an estimated $1.73M to Denbury Resources, Inc..
- Elm Ridge Management added most to Denbury Resources, Inc. in Q3 2017, an estimated $1.73M increase.
- Elm Ridge Management's biggest Q3 2017 reduction was Assured Guaranty, cutting an estimated $6.65M.
- Elm Ridge Management's ten largest holdings make up 55% of its $238M portfolio in Q3 2017.
- Elm Ridge Management opened 1 new position and closed 8 in Q3 2017.
- Elm Ridge Management's portfolio value fell 22% quarter-over-quarter to $238M.
Based on Elm Ridge Management's 13F filing for Q3 2017, filed 14 Nov 2017.