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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
-1.96%
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
$209M
AUM Growth
-$14.7M
(-6.6%)
Cap. Flow
-$4.2M
Cap. Flow
% of AUM
-2.01%
Top 10 Holdings %
Top 10 Hldgs %
58.68%
Holding
30
New
2
Increased
14
Reduced
9
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
APC
Anadarko Petroleum
APC
|
+$10.7M |
| 2 |
Brighthouse Financial
BHF
|
+$4.28M |
| 3 |
Patterson-UTI
PTEN
|
+$3.63M |
| 4 |
REN
Resolute Energy Corporaton
REN
|
+$3.5M |
| 5 |
Devon Energy
DVN
|
+$3.23M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
American International
AIG
|
+$5.85M |
| 2 |
QEP
QEP RESOURCES, INC.
QEP
|
+$4.83M |
| 3 |
Alcoa
AA
|
+$3.3M |
| 4 |
Helmerich & Payne
HP
|
+$3.29M |
| 5 |
Murphy Oil
MUR
|
+$2.67M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 44.64% |
| 2 | Financials | 31.75% |
| 3 | Industrials | 11.26% |
| 4 | Materials | 3.86% |
| 5 | Technology | 3.22% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
MBIA
MBI
$288M
| $16.5M | 7.88% |
1,776,616
+130,330
| +8% | +$1.05M |
|
2
Assured Guaranty
AGO
$3.78B
| $15.8M | 7.55% |
435,339
+47,110
| +12% | +$1.66M |
|
|
CRC
3
DELISTED
California Resources Corporation
CRC
| $14.9M | 7.12% |
866,688
+99,012
| +13% | +$1.86M |
|
4
APA Corp
APA
$12.8B
| $13.2M | 6.34% |
343,958
+36,973
| +12% | +$1.49M |
|
|
5
Devon Energy
DVN
$51.9B
| $12M | 5.77% |
378,740
+87,934
| +30% | +$3.23M |
|
|
6
Patterson-UTI
PTEN
$3.87B
| $11.7M | 5.59% |
665,824
+173,819
| +35% | +$3.63M |
|
|
APC
7
DELISTED
Anadarko Petroleum
APC
| $11M | 5.27% |
+182,085
| New | +$10.7M |
|
8
Citigroup
C
$222B
| $10.7M | 5.11% |
157,888
+16,943
| +12% | +$1.27M |
|
|
DNR
9
DELISTED
Denbury Resources, Inc.
DNR
| $8.73M | 4.18% |
3,185,644
+333,957
| +12% | +$787K |
|
|
10
Alcoa
AA
$11.7B
| $8.06M | 3.86% |
179,357
-66,628
| -27% | -$3.3M |
|
11
Popular Inc
BPOP
$11B
| $8.06M | 3.86% |
193,746
-24,954
| -11% | -$1.02M |
|
|
HTZ
12
DELISTED
Hertz Global Holdings, Inc.
HTZ
| $7.83M | 3.75% |
454,244
+48,827
| +12% | +$894K |
|
13
Bank of America
BAC
$435B
| $7.55M | 3.62% |
251,854
-44,055
| -15% | -$1.38M |
|
|
REN
14
DELISTED
Resolute Energy Corporaton
REN
| $7.12M | 3.41% |
205,440
+103,145
| +101% | +$3.5M |
|
15
Nabors Industries
NBR
$1.23B
| $6.94M | 3.33% |
19,861
+2,135
| +12% | +$778K |
|
16
Upbound Group
UPBD
$1.19B
| $6.71M | 3.22% |
777,485
-42,063
| -5% | -$404K |
|
17
ConocoPhillips
COP
$147B
| $6.02M | 2.88% |
101,486
-15,789
| -13% | -$893K |
|
|
RRD
18
DELISTED
RR Donnelley & Sons Co.
RRD
| $5.82M | 2.79% |
666,424
-280,864
| -30% | -$2.33M |
|
|
LKSD
19
DELISTED
LSC Communications, Inc.
LKSD
| $4.95M | 2.37% |
283,428
-20,604
| -7% | -$307K |
|
20
AerCap
AER
$23.9B
| $4.89M | 2.35% |
96,501
+19,701
| +26% | +$1.02M |
|
21
Range Resources
RRC
$9.11B
| $4.69M | 2.25% |
322,642
+34,682
| +12% | +$518K |
|
|
22
Murphy Oil
MUR
$5.58B
| $4.65M | 2.23% |
180,113
-92,470
| -34% | -$2.67M |
|
|
23
American International
AIG
$41.9B
| $3.97M | 1.9% |
72,906
-98,963
| -58% | -$5.85M |
|
|
24
Brighthouse Financial
BHF
$3.63B
| $3.81M | 1.83% |
+74,130
| New | +$4.28M |
|
|
SWN
25
DELISTED
Southwestern Energy Company
SWN
| $3.2M | 1.53% |
738,323
+79,364
| +12% | +$356K |
|
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Elm Ridge Management's Q1 2018 Portfolio in Review
As of Q1 2018, Elm Ridge Management held 30 positions worth $209M, down 6.6% from $223M the previous quarter. Its ten largest holdings account for 59% of the portfolio.
Elm Ridge Management's Q1 2018 filing shows 2 new, 14 increased, 9 reduced and 5 closed positions. Its largest new stake was Anadarko Petroleum: 182,085 shares worth $11M. The largest sale was American International, an estimated $5.85M.
By sector, the portfolio is most concentrated in Energy at 45% of assets, up from 42% a quarter earlier, followed by Financials and Industrials.
- Elm Ridge Management's largest Q1 2018 buy was Anadarko Petroleum: 182,085 shares worth $11M.
- Elm Ridge Management added most to Patterson-UTI in Q1 2018, an estimated $3.63M increase.
- Elm Ridge Management's biggest Q1 2018 reduction was American International, cutting an estimated $5.85M.
- Elm Ridge Management fully exited QEP RESOURCES, INC. in Q1 2018, selling an estimated $4.83M.
- Elm Ridge Management's ten largest holdings make up 59% of its $209M portfolio in Q1 2018.
- Elm Ridge Management opened 2 new positions and closed 5 in Q1 2018.
- Elm Ridge Management's portfolio value fell 6.6% quarter-over-quarter to $209M.
Based on Elm Ridge Management's 13F filing for Q1 2018, filed 15 May 2018.