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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
+9.83%
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
$36.9M
AUM Growth
+$2.7M
(+7.9%)
Cap. Flow
+$1.93M
Cap. Flow
% of AUM
5.24%
Top 10 Holdings %
Top 10 Hldgs %
57.96%
Holding
29
New
4
Increased
8
Reduced
6
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
ArcelorMittal
MT
|
+$1.34M |
| 2 |
UFS
DOMTAR CORPORATION (New)
UFS
|
+$976K |
| 3 |
Dana Inc
DAN
|
+$936K |
| 4 |
Wells Fargo
WFC
|
+$871K |
| 5 |
Alcoa
AA
|
+$661K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
United Rentals
URI
|
+$732K |
| 2 |
Citigroup
C
|
+$684K |
| 3 |
Canadian Natural Resources
CNQ
|
+$649K |
| 4 |
Kosmos Energy
KOS
|
+$624K |
| 5 |
Upbound Group
UPBD
|
+$536K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 27.09% |
| 2 | Materials | 19.86% |
| 3 | Energy | 18.98% |
| 4 | Financials | 16.87% |
| 5 | Consumer Discretionary | 12.18% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
AerCap
AER
$23.9B
| $3.6M | 9.77% |
143,088
-422
| -0.3% | -$12.2K |
|
2
FedEx
FDX
$74.5B
| $3.21M | 8.69% |
12,748
-1,367
| -10% | -$273K |
|
|
3
United Rentals
URI
$71.1B
| $2.44M | 6.62% |
13,989
-4,354
| -24% | -$732K |
|
|
4
Canadian Natural Resources
CNQ
$96.9B
| $2.18M | 5.9% |
277,714
-72,050
| -21% | -$649K |
|
5
LyondellBasell Industries
LYB
$19.5B
| $1.84M | 5% |
26,148
| – | – |
|
|
6
Alcoa
AA
$11.7B
| $1.77M | 4.8% |
152,070
+49,226
| +48% | +$661K |
|
7
Popular Inc
BPOP
$11B
| $1.75M | 4.76% |
48,352
| – | – |
|
8
EQT Corp
EQT
$33.2B
| $1.64M | 4.45% |
126,869
+43,919
| +53% | +$644K |
|
|
9
ArcelorMittal
MT
$50.4B
| $1.48M | 4.01% |
+111,544
| New | +$1.34M |
|
10
ConocoPhillips
COP
$147B
| $1.47M | 3.98% |
44,679
-13,672
| -23% | -$518K |
|
11
Assured Guaranty
AGO
$3.78B
| $1.35M | 3.66% |
62,882
| – | – |
|
12
Adient
ADNT
$1.6B
| $1.3M | 3.51% |
74,808
+30,363
| +68% | +$529K |
|
13
Lear
LEA
$7.19B
| $1.29M | 3.5% |
11,850
+1,983
| +20% | +$226K |
|
14
Viatris
VTRS
$20.1B
| $1.27M | 3.44% |
85,523
| – | – |
|
15
Range Resources
RRC
$9.11B
| $1.26M | 3.41% |
189,681
+2,000
| +1% | +$14.5K |
|
16
Citizens Financial Group
CFG
$30.4B
| $1.24M | 3.35% |
48,914
+10,859
| +29% | +$275K |
|
17
Chemours
CC
$2.59B
| $1.22M | 3.32% |
58,498
| – | – |
|
|
18
Citigroup
C
$222B
| $1.05M | 2.85% |
24,385
-13,734
| -36% | -$684K |
|
19
Magna International
MGA
$17.9B
| $1.02M | 2.75% |
22,208
| – | – |
|
|
UFS
20
DELISTED
DOMTAR CORPORATION (New)
UFS
| $1.01M | 2.75% |
+38,571
| New | +$976K |
|
|
21
Dana Inc
DAN
$2.91B
| $887K | 2.4% |
+71,986
| New | +$936K |
|
|
22
Wells Fargo
WFC
$261B
| $831K | 2.25% |
+35,340
| New | +$871K |
|
|
YELL
23
DELISTED
Yellow Corporation Common Stock
YELL
| $742K | 2.01% |
189,288
| – | – |
|
|
HMHC
24
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $583K | 1.58% |
337,268
+117,948
| +54% | +$263K |
|
25
Nabors Industries
NBR
$1.23B
| $461K | 1.25% |
18,850
+329
| +2% | +$12.1K |
|
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Elm Ridge Management's Q3 2020 Portfolio in Review
As of Q3 2020, Elm Ridge Management held 29 positions worth $36.9M, up 7.9% from $34.2M the previous quarter. Its ten largest holdings account for 58% of the portfolio.
Elm Ridge Management deployed $1.93M of net new capital in Q3 2020, opening 4 new positions and adding to 8 existing holdings. Its largest new stake was ArcelorMittal: 111,544 shares worth $1.48M.
By sector, the portfolio is most concentrated in Industrials at 27% of assets, down from 28% a quarter earlier, followed by Materials and Energy.
On the sell side, the largest reduction was United Rentals, an estimated $732K trimmed.
- Elm Ridge Management's largest Q3 2020 buy was ArcelorMittal: 111,544 shares worth $1.48M.
- Elm Ridge Management added most to Alcoa in Q3 2020, an estimated $661K increase.
- Elm Ridge Management's biggest Q3 2020 reduction was United Rentals, cutting an estimated $732K.
- Elm Ridge Management fully exited Kosmos Energy in Q3 2020, selling an estimated $624K.
- Elm Ridge Management's ten largest holdings make up 58% of its $36.9M portfolio in Q3 2020.
- Elm Ridge Management opened 4 new positions and closed 4 in Q3 2020.
- Elm Ridge Management's portfolio value rose 7.9% quarter-over-quarter to $36.9M.
Based on Elm Ridge Management's 13F filing for Q3 2020, filed 16 Nov 2020.