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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
-8.45%
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
$107M
AUM Growth
-$17M
(-14%)
Cap. Flow
-$2.27M
Cap. Flow
% of AUM
-2.12%
Top 10 Holdings %
Top 10 Hldgs %
56.56%
Holding
30
New
1
Increased
9
Reduced
17
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Kosmos Energy
KOS
|
+$4.88M |
| 2 |
HTZ
Hertz Global Holdings, Inc.
HTZ
|
+$2.85M |
| 3 |
CRC
California Resources Corporation
CRC
|
+$2.31M |
| 4 |
ConocoPhillips
COP
|
+$1.45M |
| 5 |
LyondellBasell Industries
LYB
|
+$512K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
APA Corp
APA
|
+$2.61M |
| 2 |
Devon Energy
DVN
|
+$2.53M |
| 3 |
FTSI
FTS International, Inc. Common Stock
FTSI
|
+$2.17M |
| 4 |
Magnolia Oil & Gas
MGY
|
+$1.78M |
| 5 |
Brighthouse Financial
BHF
|
+$1.32M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 40.98% |
| 2 | Financials | 23.7% |
| 3 | Industrials | 16.95% |
| 4 | Materials | 10.11% |
| 5 | Consumer Discretionary | 7.01% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CRC
1
DELISTED
California Resources Corporation
CRC
| $8.85M | 8.27% |
867,926
+180,089
| +26% | +$2.31M |
|
2
Assured Guaranty
AGO
$3.78B
| $7.96M | 7.43% |
178,968
-16,920
| -9% | -$745K |
|
3
Canadian Natural Resources
CNQ
$96.9B
| $7.8M | 7.28% |
598,249
+33,119
| +6% | +$410K |
|
4
United Rentals
URI
$71.1B
| $7.12M | 6.65% |
57,130
-6,214
| -10% | -$753K |
|
5
MBIA
MBI
$288M
| $5.58M | 5.21% |
604,811
-14,846
| -2% | -$139K |
|
|
6
LyondellBasell Industries
LYB
$19.5B
| $5.17M | 4.83% |
57,779
+6,279
| +12% | +$512K |
|
|
7
Kosmos Energy
KOS
$1.56B
| $4.96M | 4.63% |
+795,117
| New | +$4.88M |
|
8
Popular Inc
BPOP
$11B
| $4.49M | 4.19% |
82,955
-2,036
| -2% | -$110K |
|
|
9
Devon Energy
DVN
$51.9B
| $4.46M | 4.16% |
185,253
-101,170
| -35% | -$2.53M |
|
|
10
ConocoPhillips
COP
$147B
| $4.19M | 3.91% |
73,563
+25,443
| +53% | +$1.45M |
|
|
HTZ
11
DELISTED
Hertz Global Holdings, Inc.
HTZ
| $4.19M | 3.91% |
302,913
+201,975
| +200% | +$2.85M |
|
12
AerCap
AER
$23.9B
| $4.12M | 3.84% |
75,169
-1,845
| -2% | -$97.4K |
|
|
13
Brighthouse Financial
BHF
$3.63B
| $4.11M | 3.84% |
101,656
-35,542
| -26% | -$1.32M |
|
|
14
APA Corp
APA
$12.8B
| $4.04M | 3.77% |
157,679
-108,604
| -41% | -$2.61M |
|
15
Alcoa
AA
$11.7B
| $3.98M | 3.72% |
198,308
+7,391
| +4% | +$154K |
|
16
Patterson-UTI
PTEN
$3.87B
| $3.81M | 3.56% |
445,397
-10,932
| -2% | -$107K |
|
17
Citigroup
C
$222B
| $3.24M | 3.03% |
46,939
-1,153
| -2% | -$78.4K |
|
|
18
Magnolia Oil & Gas
MGY
$5.83B
| $2.89M | 2.7% |
260,333
-165,981
| -39% | -$1.78M |
|
19
Lear
LEA
$7.19B
| $2.77M | 2.59% |
23,507
-577
| -2% | -$70.1K |
|
20
Magna International
MGA
$17.9B
| $2.68M | 2.5% |
50,174
-18,720
| -27% | -$933K |
|
21
Adient
ADNT
$1.6B
| $2.07M | 1.93% |
89,978
-32,511
| -27% | -$741K |
|
22
Nabors Industries
NBR
$1.23B
| $1.83M | 1.71% |
19,575
+4,495
| +30% | +$506K |
|
|
YELL
23
DELISTED
Yellow Corporation Common Stock
YELL
| $1.75M | 1.63% |
579,151
+109,565
| +23% | +$345K |
|
24
Chemours
CC
$2.59B
| $1.69M | 1.57% |
112,790
-2,768
| -2% | -$45K |
|
|
HMHC
25
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $1.33M | 1.24% |
248,872
+36,858
| +17% | +$208K |
|
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Elm Ridge Management's Q3 2019 Portfolio in Review
As of Q3 2019, Elm Ridge Management held 30 positions worth $107M, down 14% from $124M the previous quarter. Its ten largest holdings account for 57% of the portfolio.
Elm Ridge Management's Q3 2019 filing shows 1 new, 9 increased, 17 reduced and 3 closed positions. Its largest new stake was Kosmos Energy: 795,117 shares worth $4.96M. The largest sale was APA Corp, an estimated $2.61M.
By sector, the portfolio is most concentrated in Energy at 41% of assets, down from 45% a quarter earlier, followed by Financials and Industrials.
- Elm Ridge Management's largest Q3 2019 buy was Kosmos Energy: 795,117 shares worth $4.96M.
- Elm Ridge Management added most to Hertz Global Holdings, Inc. in Q3 2019, an estimated $2.85M increase.
- Elm Ridge Management's biggest Q3 2019 reduction was APA Corp, cutting an estimated $2.61M.
- Elm Ridge Management fully exited FTS International, Inc. Common Stock in Q3 2019, selling an estimated $2.17M.
- Elm Ridge Management's ten largest holdings make up 57% of its $107M portfolio in Q3 2019.
- Elm Ridge Management opened 1 new position and closed 3 in Q3 2019.
- Elm Ridge Management's portfolio value fell 14% quarter-over-quarter to $107M.
Based on Elm Ridge Management's 13F filing for Q3 2019, filed 14 Nov 2019.