We are live on
!
Find out more
ERM
Elm Ridge Management Portfolio holdings
AUM
$88.8M
1-Year Est. Return
18.88%
This Fund
S&P 500
This Quarter
Est. Return
+49.21%
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
$49.5M
AUM Growth
+$12.6M
(+34%)
Cap. Flow
-$2.81M
Cap. Flow
% of AUM
-5.68%
Top 10 Holdings %
Top 10 Hldgs %
55.45%
Holding
26
New
1
Increased
9
Reduced
10
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
California Resources
CRC
|
+$1.15M |
| 2 |
Wells Fargo
WFC
|
+$934K |
| 3 |
Chemours
CC
|
+$768K |
| 4 |
Citigroup
C
|
+$542K |
| 5 |
Dana Inc
DAN
|
+$502K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
United Rentals
URI
|
+$1.42M |
| 2 |
Assured Guaranty
AGO
|
+$1.35M |
| 3 |
FedEx
FDX
|
+$1.27M |
| 4 |
AerCap
AER
|
+$1.23M |
| 5 |
Magna International
MGA
|
+$855K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 22.1% |
| 2 | Materials | 21.9% |
| 3 | Industrials | 20.1% |
| 4 | Financials | 16.79% |
| 5 | Consumer Discretionary | 14.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
AerCap
AER
$23.9B
| $4.91M | 9.93% |
107,740
-35,348
| -25% | -$1.23M |
|
2
Alcoa
AA
$11.7B
| $3.5M | 7.09% |
152,070
| – | – |
|
3
Canadian Natural Resources
CNQ
$96.9B
| $3.27M | 6.61% |
277,714
| – | – |
|
4
Adient
ADNT
$1.6B
| $2.6M | 5.26% |
74,808
| – | – |
|
|
5
Chemours
CC
$2.59B
| $2.25M | 4.55% |
90,758
+32,260
| +55% | +$768K |
|
6
Popular Inc
BPOP
$11B
| $2.24M | 4.52% |
39,727
-8,625
| -18% | -$409K |
|
7
ConocoPhillips
COP
$147B
| $2.18M | 4.42% |
54,618
+9,939
| +22% | +$366K |
|
|
8
Citigroup
C
$222B
| $2.16M | 4.37% |
35,049
+10,664
| +44% | +$542K |
|
|
9
Wells Fargo
WFC
$261B
| $2.15M | 4.36% |
71,410
+36,070
| +102% | +$934K |
|
10
ArcelorMittal
MT
$50.4B
| $2.14M | 4.34% |
93,609
-17,935
| -16% | -$314K |
|
|
11
FedEx
FDX
$74.5B
| $2.12M | 4.28% |
8,156
-4,592
| -36% | -$1.27M |
|
|
12
Dana Inc
DAN
$2.91B
| $1.99M | 4.02% |
101,959
+29,973
| +42% | +$502K |
|
13
EQT Corp
EQT
$33.2B
| $1.99M | 4.02% |
156,410
+29,541
| +23% | +$426K |
|
14
Lear
LEA
$7.19B
| $1.89M | 3.81% |
11,850
| – | – |
|
15
Citizens Financial Group
CFG
$30.4B
| $1.75M | 3.54% |
48,914
| – | – |
|
|
16
United Rentals
URI
$71.1B
| $1.69M | 3.42% |
7,285
-6,704
| -48% | -$1.42M |
|
|
UFS
17
DELISTED
DOMTAR CORPORATION (New)
UFS
| $1.49M | 3.01% |
47,040
+8,469
| +22% | +$241K |
|
18
Range Resources
RRC
$9.11B
| $1.49M | 3% |
221,625
+31,944
| +17% | +$235K |
|
|
19
California Resources
CRC
$4.75B
| $1.48M | 2.99% |
+62,753
| New | +$1.15M |
|
20
LyondellBasell Industries
LYB
$19.5B
| $1.44M | 2.92% |
15,749
-10,399
| -40% | -$847K |
|
21
Viatris
VTRS
$20.1B
| $1.43M | 2.9% |
76,431
-9,092
| -11% | -$148K |
|
|
YELL
22
DELISTED
Yellow Corporation Common Stock
YELL
| $1.22M | 2.47% |
275,753
+86,465
| +46% | +$419K |
|
|
HMHC
23
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $999K | 2.02% |
299,870
-37,398
| -11% | -$111K |
|
|
24
Magna International
MGA
$17.9B
| $544K | 1.1% |
7,688
-14,520
| -65% | -$855K |
|
25
Nabors Industries
NBR
$1.23B
| $520K | 1.05% |
8,937
-9,913
| -53% | -$437K |
|
Similar funds
BCM
DVI
BM
ABP
RG
CBNLCF
ZCM
WCM
Elm Ridge Management's Q4 2020 Portfolio in Review
As of Q4 2020, Elm Ridge Management held 26 positions worth $49.5M, up 34% from $36.9M the previous quarter. Its ten largest holdings account for 55% of the portfolio.
Elm Ridge Management withdrew a net $2.81M in Q4 2020, closing 1 position and reducing 10 holdings. Its most notable exit was Assured Guaranty, an estimated $1.35M position sold in full.
By sector, the portfolio is most concentrated in Energy at 22% of assets, up from 19% a quarter earlier, followed by Materials and Industrials.
Against the trend, Elm Ridge Management opened a new position in California Resources worth $1.48M.
- Elm Ridge Management's largest Q4 2020 buy was California Resources: 62,753 shares worth $1.48M.
- Elm Ridge Management added most to Wells Fargo in Q4 2020, an estimated $934K increase.
- Elm Ridge Management's biggest Q4 2020 reduction was United Rentals, cutting an estimated $1.42M.
- Elm Ridge Management fully exited Assured Guaranty in Q4 2020, selling an estimated $1.35M.
- Elm Ridge Management's ten largest holdings make up 55% of its $49.5M portfolio in Q4 2020.
- Elm Ridge Management opened 1 new position and closed 1 in Q4 2020.
- Elm Ridge Management's portfolio value rose 34% quarter-over-quarter to $49.5M.
Based on Elm Ridge Management's 13F filing for Q4 2020, filed 16 Feb 2021.