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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
+11.14%
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
$111M
AUM Growth
+$4.14M
(+3.9%)
Cap. Flow
-$5.64M
Cap. Flow
% of AUM
-5.07%
Top 10 Holdings %
Top 10 Hldgs %
58.17%
Holding
27
New
–
Increased
4
Reduced
23
Closed
–
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
ConocoPhillips
COP
|
+$1.85M |
| 2 |
MBIA
MBI
|
+$626K |
| 3 |
Kosmos Energy
KOS
|
+$504K |
| 4 |
Lear
LEA
|
+$177K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
United Rentals
URI
|
+$1.57M |
| 2 |
Assured Guaranty
AGO
|
+$1.44M |
| 3 |
APA Corp
APA
|
+$1.17M |
| 4 |
Magna International
MGA
|
+$980K |
| 5 |
Brighthouse Financial
BHF
|
+$782K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 42.48% |
| 2 | Financials | 22.75% |
| 3 | Industrials | 17.03% |
| 4 | Materials | 9.98% |
| 5 | Consumer Discretionary | 6.36% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Canadian Natural Resources
CNQ
$96.9B
| $9.42M | 8.46% |
594,375
-3,874
| -0.6% | -$52.6K |
|
|
CRC
2
DELISTED
California Resources Corporation
CRC
| $7.79M | 7% |
862,260
-5,666
| -0.7% | -$45.9K |
|
|
3
United Rentals
URI
$71.1B
| $7.73M | 6.95% |
46,351
-10,779
| -19% | -$1.57M |
|
|
4
Assured Guaranty
AGO
$3.78B
| $7.3M | 6.56% |
148,924
-30,044
| -17% | -$1.44M |
|
|
5
ConocoPhillips
COP
$147B
| $6.83M | 6.14% |
104,970
+31,407
| +43% | +$1.85M |
|
|
6
MBIA
MBI
$288M
| $6.24M | 5.61% |
670,683
+65,872
| +11% | +$626K |
|
|
7
Kosmos Energy
KOS
$1.56B
| $5.01M | 4.5% |
878,725
+83,608
| +11% | +$504K |
|
8
Popular Inc
BPOP
$11B
| $4.84M | 4.35% |
82,425
-530
| -0.6% | -$29.6K |
|
9
LyondellBasell Industries
LYB
$19.5B
| $4.83M | 4.34% |
51,151
-6,628
| -11% | -$607K |
|
|
HTZ
10
DELISTED
Hertz Global Holdings, Inc.
HTZ
| $4.74M | 4.26% |
300,951
-1,962
| -0.6% | -$29.4K |
|
11
Patterson-UTI
PTEN
$3.87B
| $4.65M | 4.18% |
442,553
-2,844
| -0.6% | -$25.7K |
|
12
AerCap
AER
$23.9B
| $4.59M | 4.13% |
74,689
-480
| -0.6% | -$28.2K |
|
13
Alcoa
AA
$11.7B
| $4.24M | 3.81% |
197,028
-1,280
| -0.6% | -$26.5K |
|
14
Devon Energy
DVN
$51.9B
| $4.14M | 3.72% |
159,414
-25,839
| -14% | -$582K |
|
15
Citigroup
C
$222B
| $3.73M | 3.35% |
46,639
-300
| -0.6% | -$22.2K |
|
|
16
Lear
LEA
$7.19B
| $3.42M | 3.08% |
24,937
+1,430
| +6% | +$177K |
|
|
17
Brighthouse Financial
BHF
$3.63B
| $3.21M | 2.88% |
81,799
-19,857
| -20% | -$782K |
|
18
Nabors Industries
NBR
$1.23B
| $2.8M | 2.52% |
19,447
-128
| -0.7% | -$13.5K |
|
|
19
APA Corp
APA
$12.8B
| $2.71M | 2.44% |
105,881
-51,798
| -33% | -$1.17M |
|
20
Magnolia Oil & Gas
MGY
$5.83B
| $2.58M | 2.32% |
205,296
-55,037
| -21% | -$616K |
|
21
Chemours
CC
$2.59B
| $2.03M | 1.82% |
112,070
-720
| -0.6% | -$12K |
|
22
Adient
ADNT
$1.6B
| $1.9M | 1.71% |
89,404
-574
| -0.6% | -$12.7K |
|
|
23
Magna International
MGA
$17.9B
| $1.76M | 1.58% |
32,099
-18,075
| -36% | -$980K |
|
|
HMHC
24
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $1.55M | 1.39% |
247,314
-1,558
| -0.6% | -$9.1K |
|
25
Range Resources
RRC
$9.11B
| $1.35M | 1.21% |
277,519
-1,784
| -0.6% | -$7.2K |
|
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Elm Ridge Management's Q4 2019 Portfolio in Review
As of Q4 2019, Elm Ridge Management held 27 positions worth $111M, up 3.9% from $107M the previous quarter. Its ten largest holdings account for 58% of the portfolio.
Elm Ridge Management withdrew a net $5.64M in Q4 2019, reducing 23 holdings. Its largest reduction was United Rentals, cutting an estimated $1.57M.
By sector, the portfolio is most concentrated in Energy at 42% of assets, up from 41% a quarter earlier, followed by Financials and Industrials.
Against the trend, Elm Ridge Management added an estimated $1.85M to ConocoPhillips.
- Elm Ridge Management added most to ConocoPhillips in Q4 2019, an estimated $1.85M increase.
- Elm Ridge Management's biggest Q4 2019 reduction was United Rentals, cutting an estimated $1.57M.
- Elm Ridge Management's ten largest holdings make up 58% of its $111M portfolio in Q4 2019.
- Elm Ridge Management opened 0 new positions and closed 0 in Q4 2019.
- Elm Ridge Management's portfolio value rose 3.9% quarter-over-quarter to $111M.
Based on Elm Ridge Management's 13F filing for Q4 2019, filed 14 Feb 2020.