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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
-5.9%
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
$124M
AUM Growth
-$10.4M
(-7.7%)
Cap. Flow
+$183K
Cap. Flow
% of AUM
0.15%
Top 10 Holdings %
Top 10 Hldgs %
60.06%
Holding
34
New
4
Increased
19
Reduced
6
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Canadian Natural Resources
CNQ
|
+$7.76M |
| 2 |
CRC
California Resources Corporation
CRC
|
+$4.04M |
| 3 |
Chemours
CC
|
+$3.41M |
| 4 |
ConocoPhillips
COP
|
+$2.99M |
| 5 |
FTSI
FTS International, Inc. Common Stock
FTSI
|
+$1.93M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
APC
Anadarko Petroleum
APC
|
+$8.4M |
| 2 |
DNR
Denbury Resources, Inc.
DNR
|
+$5.68M |
| 3 |
BRY
Berry Corp
BRY
|
+$3.28M |
| 4 |
HTZ
Hertz Global Holdings, Inc.
HTZ
|
+$2.09M |
| 5 |
United Rentals
URI
|
+$1.89M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 45.43% |
| 2 | Financials | 21.78% |
| 3 | Industrials | 13.24% |
| 4 | Materials | 10.48% |
| 5 | Consumer Discretionary | 7.86% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CRC
1
DELISTED
California Resources Corporation
CRC
| $13.5M | 10.91% |
687,837
+189,814
| +38% | +$4.04M |
|
|
2
United Rentals
URI
$71.1B
| $8.4M | 6.77% |
63,344
-14,865
| -19% | -$1.89M |
|
3
Assured Guaranty
AGO
$3.78B
| $8.24M | 6.64% |
195,888
-15,989
| -8% | -$705K |
|
4
Devon Energy
DVN
$51.9B
| $8.17M | 6.58% |
286,423
+1,944
| +0.7% | +$57.8K |
|
5
APA Corp
APA
$12.8B
| $7.71M | 6.22% |
266,283
+39,009
| +17% | +$1.21M |
|
|
6
Canadian Natural Resources
CNQ
$96.9B
| $7.46M | 6.02% |
+565,130
| New | +$7.76M |
|
7
MBIA
MBI
$288M
| $5.77M | 4.65% |
619,657
+35,955
| +6% | +$335K |
|
8
Patterson-UTI
PTEN
$3.87B
| $5.25M | 4.23% |
456,329
+654
| +0.1% | +$8.42K |
|
9
Brighthouse Financial
BHF
$3.63B
| $5.03M | 4.06% |
137,198
+1,418
| +1% | +$54.8K |
|
10
Magnolia Oil & Gas
MGY
$5.83B
| $4.94M | 3.98% |
426,314
-36,941
| -8% | -$453K |
|
11
Popular Inc
BPOP
$11B
| $4.61M | 3.72% |
84,991
+6,832
| +9% | +$373K |
|
12
Alcoa
AA
$11.7B
| $4.47M | 3.6% |
190,917
-4,700
| -2% | -$117K |
|
13
LyondellBasell Industries
LYB
$19.5B
| $4.44M | 3.58% |
51,500
+17,776
| +53% | +$1.52M |
|
14
AerCap
AER
$23.9B
| $4M | 3.23% |
77,014
+795
| +1% | +$39K |
|
15
Magna International
MGA
$17.9B
| $3.42M | 2.76% |
68,894
+4,133
| +6% | +$204K |
|
16
Citigroup
C
$222B
| $3.37M | 2.71% |
48,092
-20,916
| -30% | -$1.4M |
|
17
Lear
LEA
$7.19B
| $3.35M | 2.7% |
24,084
+4,418
| +22% | +$620K |
|
18
Adient
ADNT
$1.6B
| $2.97M | 2.4% |
122,489
+1,266
| +1% | +$26K |
|
|
19
ConocoPhillips
COP
$147B
| $2.94M | 2.37% |
+48,120
| New | +$2.99M |
|
|
20
Chemours
CC
$2.59B
| $2.77M | 2.23% |
+115,558
| New | +$3.41M |
|
21
Nabors Industries
NBR
$1.23B
| $2.19M | 1.76% |
15,080
+155
| +1% | +$24.7K |
|
|
FTSI
22
DELISTED
FTS International, Inc. Common Stock
FTSI
| $2.17M | 1.75% |
19,477
+11,657
| +149% | +$1.93M |
|
23
Range Resources
RRC
$9.11B
| $2M | 1.61% |
286,158
+2,958
| +1% | +$25.7K |
|
|
YELL
24
DELISTED
Yellow Corporation Common Stock
YELL
| $1.89M | 1.52% |
469,586
+283,597
| +152% | +$1.64M |
|
|
HTZ
25
DELISTED
Hertz Global Holdings, Inc.
HTZ
| $1.61M | 1.3% |
100,938
-138,607
| -58% | -$2.09M |
|
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Elm Ridge Management's Q2 2019 Portfolio in Review
As of Q2 2019, Elm Ridge Management held 34 positions worth $124M, down 7.7% from $134M the previous quarter. Its ten largest holdings account for 60% of the portfolio.
Elm Ridge Management's Q2 2019 filing shows 4 new, 19 increased, 6 reduced and 5 closed positions. Its largest new stake was Canadian Natural Resources: 565,130 shares worth $7.46M. The largest sale was Anadarko Petroleum, an estimated $8.4M.
By sector, the portfolio is most concentrated in Energy at 45% of assets, up from 43% a quarter earlier, followed by Financials and Industrials.
- Elm Ridge Management's largest Q2 2019 buy was Canadian Natural Resources: 565,130 shares worth $7.46M.
- Elm Ridge Management added most to California Resources Corporation in Q2 2019, an estimated $4.04M increase.
- Elm Ridge Management's biggest Q2 2019 reduction was Hertz Global Holdings, Inc., cutting an estimated $2.09M.
- Elm Ridge Management fully exited Anadarko Petroleum in Q2 2019, selling an estimated $8.4M.
- Elm Ridge Management's ten largest holdings make up 60% of its $124M portfolio in Q2 2019.
- Elm Ridge Management opened 4 new positions and closed 5 in Q2 2019.
- Elm Ridge Management's portfolio value fell 7.7% quarter-over-quarter to $124M.
Based on Elm Ridge Management's 13F filing for Q2 2019, filed 14 Aug 2019.