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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
-34.06%
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
$169M
AUM Growth
-$80.9M
(-32%)
Cap. Flow
+$21.8M
Cap. Flow
% of AUM
12.93%
Top 10 Holdings %
Top 10 Hldgs %
56.91%
Holding
34
New
7
Increased
8
Reduced
17
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
United Rentals
URI
|
+$10.9M |
| 2 |
DNR
Denbury Resources, Inc.
DNR
|
+$6.8M |
| 3 |
CRC
California Resources Corporation
CRC
|
+$6.12M |
| 4 |
Flex
FLEX
|
+$5.28M |
| 5 |
Magna International
MGA
|
+$4.15M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
REN
Resolute Energy Corporaton
REN
|
+$7.76M |
| 2 |
Bank of America
BAC
|
+$5.13M |
| 3 |
Citigroup
C
|
+$4.21M |
| 4 |
Popular Inc
BPOP
|
+$1.8M |
| 5 |
APC
Anadarko Petroleum
APC
|
+$1.77M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 41.96% |
| 2 | Financials | 26.12% |
| 3 | Industrials | 14.18% |
| 4 | Consumer Discretionary | 4.78% |
| 5 | Materials | 4.26% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CRC
1
DELISTED
California Resources Corporation
CRC
| $17.4M | 10.32% |
1,023,821
+215,071
| +27% | +$6.12M |
|
2
Assured Guaranty
AGO
$3.78B
| $13.6M | 8.04% |
354,988
-2,186
| -0.6% | -$87.3K |
|
3
MBIA
MBI
$288M
| $9.59M | 5.68% |
1,075,538
-6,887
| -0.6% | -$65.6K |
|
|
4
United Rentals
URI
$71.1B
| $9.27M | 5.48% |
+90,377
| New | +$10.9M |
|
5
Devon Energy
DVN
$51.9B
| $8.48M | 5.02% |
376,316
-2,317
| -0.6% | -$71.2K |
|
|
DNR
6
DELISTED
Denbury Resources, Inc.
DNR
| $8.11M | 4.8% |
4,741,523
+1,977,179
| +72% | +$6.8M |
|
7
APA Corp
APA
$12.8B
| $7.89M | 4.67% |
300,644
-1,926
| -0.6% | -$71K |
|
|
APC
8
DELISTED
Anadarko Petroleum
APC
| $7.82M | 4.62% |
178,250
-31,311
| -15% | -$1.77M |
|
9
ConocoPhillips
COP
$147B
| $7.72M | 4.57% |
123,812
+22,354
| +22% | +$1.52M |
|
10
Magnolia Oil & Gas
MGY
$5.83B
| $6.26M | 3.7% |
558,107
+158,892
| +40% | +$2M |
|
11
Alcoa
AA
$11.7B
| $6.2M | 3.67% |
233,295
-1,467
| -0.6% | -$49.3K |
|
12
Patterson-UTI
PTEN
$3.87B
| $6.19M | 3.66% |
598,086
+3,654
| +0.6% | +$53.9K |
|
13
Brighthouse Financial
BHF
$3.63B
| $5.47M | 3.24% |
179,613
-1,130
| -0.6% | -$44.1K |
|
|
14
Popular Inc
BPOP
$11B
| $5.25M | 3.11% |
111,263
-35,000
| -24% | -$1.8M |
|
15
AerCap
AER
$23.9B
| $5.12M | 3.03% |
129,200
-6,355
| -5% | -$318K |
|
|
HTZ
16
DELISTED
Hertz Global Holdings, Inc.
HTZ
| $5.09M | 3.01% |
429,368
-23,358
| -5% | -$328K |
|
|
17
Citigroup
C
$222B
| $4.75M | 2.81% |
91,286
-66,558
| -42% | -$4.21M |
|
|
18
Flex
FLEX
$43.4B
| $4.33M | 2.56% |
+755,311
| New | +$5.28M |
|
|
19
Magna International
MGA
$17.9B
| $3.89M | 2.3% |
+85,668
| New | +$4.15M |
|
20
Capital One
COF
$124B
| $3.71M | 2.19% |
49,048
-309
| -0.6% | -$26.8K |
|
|
RRD
21
DELISTED
RR Donnelley & Sons Co.
RRD
| $3.55M | 2.1% |
895,311
-5,514
| -0.6% | -$28.7K |
|
22
Range Resources
RRC
$9.11B
| $2.56M | 1.51% |
267,480
-55,071
| -17% | -$837K |
|
|
HMHC
23
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $2.54M | 1.5% |
286,523
+104,531
| +57% | +$826K |
|
24
Adient
ADNT
$1.6B
| $2.42M | 1.43% |
160,357
+45,057
| +39% | +$1.17M |
|
|
FTSI
25
DELISTED
FTS International, Inc. Common Stock
FTSI
| $2.33M | 1.38% |
16,368
+4,655
| +40% | +$981K |
|
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Elm Ridge Management's Q4 2018 Portfolio in Review
As of Q4 2018, Elm Ridge Management held 34 positions worth $169M, down 32% from $250M the previous quarter. Its ten largest holdings account for 57% of the portfolio.
Elm Ridge Management deployed $21.8M of net new capital in Q4 2018, opening 7 new positions and adding to 8 existing holdings. Its largest new stake was United Rentals: 90,377 shares worth $9.27M.
By sector, the portfolio is most concentrated in Energy at 42% of assets, down from 54% a quarter earlier, followed by Financials and Industrials.
On the sell side, the largest reduction was Citigroup, an estimated $4.21M trimmed.
- Elm Ridge Management's largest Q4 2018 buy was United Rentals: 90,377 shares worth $9.27M.
- Elm Ridge Management added most to Denbury Resources, Inc. in Q4 2018, an estimated $6.8M increase.
- Elm Ridge Management's biggest Q4 2018 reduction was Citigroup, cutting an estimated $4.21M.
- Elm Ridge Management fully exited Resolute Energy Corporaton in Q4 2018, selling an estimated $7.76M.
- Elm Ridge Management's ten largest holdings make up 57% of its $169M portfolio in Q4 2018.
- Elm Ridge Management opened 7 new positions and closed 2 in Q4 2018.
- Elm Ridge Management's portfolio value fell 32% quarter-over-quarter to $169M.
Based on Elm Ridge Management's 13F filing for Q4 2018, filed 14 Feb 2019.