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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
+38.71%
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
$34.2M
AUM Growth
+$5.91M
(+21%)
Cap. Flow
-$2.26M
Cap. Flow
% of AUM
-6.62%
Top 10 Holdings %
Top 10 Hldgs %
67.12%
Holding
26
New
3
Increased
6
Reduced
10
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
EQT Corp
EQT
|
+$1.09M |
| 2 |
Viatris
VTRS
|
+$876K |
| 3 |
Citizens Financial Group
CFG
|
+$864K |
| 4 |
AerCap
AER
|
+$489K |
| 5 |
Citigroup
C
|
+$473K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
MBIA
MBI
|
+$1.66M |
| 2 |
United Rentals
URI
|
+$1.39M |
| 3 |
Dell
DELL
|
+$876K |
| 4 |
Lear
LEA
|
+$787K |
| 5 |
Canadian Natural Resources
CNQ
|
+$591K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 27.74% |
| 2 | Energy | 26.72% |
| 3 | Financials | 19.57% |
| 4 | Materials | 11.04% |
| 5 | Consumer Discretionary | 8.18% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
AerCap
AER
$23.9B
| $4.42M | 12.93% |
143,510
+17,099
| +14% | +$489K |
|
|
2
Canadian Natural Resources
CNQ
$96.9B
| $2.98M | 8.73% |
349,764
-73,210
| -17% | -$591K |
|
|
3
United Rentals
URI
$71.1B
| $2.73M | 8% |
18,343
-10,991
| -37% | -$1.39M |
|
4
ConocoPhillips
COP
$147B
| $2.45M | 7.17% |
58,351
-8,587
| -13% | -$347K |
|
5
FedEx
FDX
$74.5B
| $1.98M | 5.79% |
14,115
-2,541
| -15% | -$320K |
|
|
6
Citigroup
C
$222B
| $1.95M | 5.7% |
38,119
+9,961
| +35% | +$473K |
|
7
Popular Inc
BPOP
$11B
| $1.8M | 5.26% |
48,352
| – | – |
|
8
LyondellBasell Industries
LYB
$19.5B
| $1.72M | 5.03% |
26,148
-5,461
| -17% | -$325K |
|
9
Assured Guaranty
AGO
$3.78B
| $1.53M | 4.49% |
62,882
| – | – |
|
|
10
Viatris
VTRS
$20.1B
| $1.38M | 4.02% |
85,523
+54,028
| +172% | +$876K |
|
11
Alcoa
AA
$11.7B
| $1.16M | 3.38% |
102,844
| – | – |
|
|
12
Lear
LEA
$7.19B
| $1.08M | 3.15% |
9,867
-7,905
| -44% | -$787K |
|
13
Range Resources
RRC
$9.11B
| $1.06M | 3.09% |
187,681
+42,823
| +30% | +$238K |
|
14
Magna International
MGA
$17.9B
| $989K | 2.89% |
22,208
+738
| +3% | +$29.2K |
|
|
15
EQT Corp
EQT
$33.2B
| $987K | 2.89% |
+82,950
| New | +$1.09M |
|
|
16
Citizens Financial Group
CFG
$30.4B
| $961K | 2.81% |
+38,055
| New | +$864K |
|
17
Chemours
CC
$2.59B
| $898K | 2.63% |
58,498
| – | – |
|
18
Adient
ADNT
$1.6B
| $730K | 2.14% |
44,445
| – | – |
|
19
Nabors Industries
NBR
$1.23B
| $686K | 2.01% |
18,521
-2,411
| -12% | -$69.3K |
|
20
Kosmos Energy
KOS
$1.56B
| $624K | 1.83% |
375,668
-191,595
| -34% | -$308K |
|
21
Upbound Group
UPBD
$1.19B
| $536K | 1.57% |
+19,276
| New | +$428K |
|
|
22
MBIA
MBI
$288M
| $450K | 1.32% |
62,072
-228,608
| -79% | -$1.66M |
|
|
HMHC
23
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $397K | 1.16% |
219,320
+90,228
| +70% | +$145K |
|
|
YELL
24
DELISTED
Yellow Corporation Common Stock
YELL
| $350K | 1.02% |
189,288
-129,549
| -41% | -$211K |
|
|
CRC
25
DELISTED
California Resources Corporation
CRC
| $342K | 1% |
280,284
| – | – |
|
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Elm Ridge Management's Q2 2020 Portfolio in Review
As of Q2 2020, Elm Ridge Management held 26 positions worth $34.2M, up 21% from $28.3M the previous quarter. Its ten largest holdings account for 67% of the portfolio.
Elm Ridge Management withdrew a net $2.26M in Q2 2020, closing 1 position and reducing 10 holdings. Its most notable exit was Dell, an estimated $876K position sold in full.
By sector, the portfolio is most concentrated in Industrials at 28% of assets, down from 30% a quarter earlier, followed by Energy and Financials.
Against the trend, Elm Ridge Management opened a new position in EQT Corp worth $987K.
- Elm Ridge Management's largest Q2 2020 buy was EQT Corp: 82,950 shares worth $987K.
- Elm Ridge Management added most to Viatris in Q2 2020, an estimated $876K increase.
- Elm Ridge Management's biggest Q2 2020 reduction was MBIA, cutting an estimated $1.66M.
- Elm Ridge Management fully exited Dell in Q2 2020, selling an estimated $876K.
- Elm Ridge Management's ten largest holdings make up 67% of its $34.2M portfolio in Q2 2020.
- Elm Ridge Management opened 3 new positions and closed 1 in Q2 2020.
- Elm Ridge Management's portfolio value rose 21% quarter-over-quarter to $34.2M.
Based on Elm Ridge Management's 13F filing for Q2 2020, filed 14 Aug 2020.