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
+9.04%
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
$223M
AUM Growth
-$14.3M
(-6%)
Cap. Flow
-$23.4M
Cap. Flow
% of AUM
-10.46%
Top 10 Holdings %
Top 10 Hldgs %
53.85%
Holding
31
New
1
Increased
5
Reduced
6
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AerCap
AER
|
+$4M |
| 2 |
Upbound Group
UPBD
|
+$1.53M |
| 3 |
Nabors Industries
NBR
|
+$1.07M |
| 4 |
Popular Inc
BPOP
|
+$750K |
| 5 |
LKSD
LSC Communications, Inc.
LKSD
|
+$206K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
MBIA
MBI
|
+$9.18M |
| 2 |
Micron Technology
MU
|
+$4.78M |
| 3 |
DNR
Denbury Resources, Inc.
DNR
|
+$3M |
| 4 |
Bank of America
BAC
|
+$2.93M |
| 5 |
Quad
QUAD
|
+$2.44M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 41.91% |
| 2 | Financials | 27.95% |
| 3 | Industrials | 11.3% |
| 4 | Materials | 5.93% |
| 5 | Technology | 4.07% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CRC
1
DELISTED
California Resources Corporation
CRC
| $14.9M | 6.68% |
767,676
| – | – |
|
2
Alcoa
AA
$11.7B
| $13.3M | 5.93% |
245,985
-42,700
| -15% | -$1.95M |
|
3
Assured Guaranty
AGO
$3.78B
| $13.1M | 5.89% |
388,229
| – | – |
|
4
APA Corp
APA
$12.8B
| $13M | 5.8% |
306,985
| – | – |
|
|
5
MBIA
MBI
$288M
| $12.1M | 5.39% |
1,646,286
-1,180,900
| -42% | -$9.18M |
|
6
Devon Energy
DVN
$51.9B
| $12M | 5.39% |
290,806
| – | – |
|
7
Patterson-UTI
PTEN
$3.87B
| $11.3M | 5.07% |
492,005
| – | – |
|
8
Citigroup
C
$222B
| $10.5M | 4.7% |
140,945
-26,800
| -16% | -$1.98M |
|
9
American International
AIG
$41.9B
| $10.2M | 4.58% |
171,869
| – | – |
|
|
10
CALL
APA Corp
APA
$12.8B
| $9.85M | 4.41% |
233,200
| – | – |
|
|
11
Upbound Group
UPBD
$1.19B
| $9.1M | 4.07% |
819,548
+139,940
| +21% | +$1.53M |
|
|
RRD
12
DELISTED
RR Donnelley & Sons Co.
RRD
| $8.81M | 3.94% |
947,288
| – | – |
|
|
13
Bank of America
BAC
$435B
| $8.73M | 3.91% |
295,909
-106,300
| -26% | -$2.93M |
|
14
Murphy Oil
MUR
$5.58B
| $8.46M | 3.79% |
272,583
| – | – |
|
|
HTZ
15
DELISTED
Hertz Global Holdings, Inc.
HTZ
| $7.78M | 3.49% |
405,417
| – | – |
|
|
16
Popular Inc
BPOP
$11B
| $7.76M | 3.47% |
218,700
+21,710
| +11% | +$750K |
|
17
ConocoPhillips
COP
$147B
| $6.44M | 2.88% |
117,275
| – | – |
|
|
DNR
18
DELISTED
Denbury Resources, Inc.
DNR
| $6.3M | 2.82% |
2,851,687
-1,908,249
| -40% | -$3M |
|
|
19
Nabors Industries
NBR
$1.23B
| $6.05M | 2.71% |
17,726
+3,370
| +23% | +$1.07M |
|
20
Range Resources
RRC
$9.11B
| $4.91M | 2.2% |
287,960
| – | – |
|
|
QEP
21
DELISTED
QEP RESOURCES, INC.
QEP
| $4.83M | 2.16% |
504,317
| – | – |
|
|
LKSD
22
DELISTED
LSC Communications, Inc.
LKSD
| $4.61M | 2.06% |
304,032
+12,967
| +4% | +$206K |
|
|
23
AerCap
AER
$23.9B
| $4.04M | 1.81% |
+76,800
| New | +$4M |
|
|
SWN
24
DELISTED
Southwestern Energy Company
SWN
| $3.68M | 1.65% |
658,959
| – | – |
|
25
Helmerich & Payne
HP
$3.53B
| $3.29M | 1.47% |
50,844
-18,600
| -27% | -$1.04M |
|
Similar funds
BCM
DVI
BM
ABP
RG
CBNLCF
ZCM
WCM
Elm Ridge Management's Q4 2017 Portfolio in Review
As of Q4 2017, Elm Ridge Management held 31 positions worth $223M, down 6% from $238M the previous quarter. Its ten largest holdings account for 54% of the portfolio.
Elm Ridge Management withdrew a net $23.4M in Q4 2017, closing 3 positions and reducing 6 holdings. Its most notable exit was Micron Technology, an estimated $4.78M position sold in full.
By sector, the portfolio is most concentrated in Energy at 42% of assets, up from 36% a quarter earlier, followed by Financials and Industrials.
Against the trend, Elm Ridge Management opened a new position in AerCap worth $4.04M.
- Elm Ridge Management's largest Q4 2017 buy was AerCap: 76,800 shares worth $4.04M.
- Elm Ridge Management added most to Upbound Group in Q4 2017, an estimated $1.53M increase.
- Elm Ridge Management's biggest Q4 2017 reduction was MBIA, cutting an estimated $9.18M.
- Elm Ridge Management fully exited Micron Technology in Q4 2017, selling an estimated $4.78M.
- Elm Ridge Management's ten largest holdings make up 54% of its $223M portfolio in Q4 2017.
- Elm Ridge Management opened 1 new position and closed 3 in Q4 2017.
- Elm Ridge Management's portfolio value fell 6% quarter-over-quarter to $223M.
Based on Elm Ridge Management's 13F filing for Q4 2017, filed 14 Feb 2018.