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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
+12.85%
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
$69.7M
AUM Growth
+$5.93M
(+9.3%)
Cap. Flow
+$3.8M
Cap. Flow
% of AUM
5.46%
Top 10 Holdings %
Top 10 Hldgs %
52.79%
Holding
32
New
5
Increased
9
Reduced
8
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Magnolia Oil & Gas
MGY
|
+$2.28M |
| 2 |
Devon Energy
DVN
|
+$2.06M |
| 3 |
ArcBest
ARCB
|
+$975K |
| 4 |
LyondellBasell Industries
LYB
|
+$747K |
| 5 |
ConocoPhillips
COP
|
+$716K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
UFS
DOMTAR CORPORATION (New)
UFS
|
+$2.78M |
| 2 |
HMHC
Houghton Mifflin Harcourt Company
HMHC
|
+$1.68M |
| 3 |
Popular Inc
BPOP
|
+$1.23M |
| 4 |
FedEx
FDX
|
+$1.14M |
| 5 |
Canadian Natural Resources
CNQ
|
+$1.11M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 41.74% |
| 2 | Materials | 18.75% |
| 3 | Consumer Discretionary | 13.42% |
| 4 | Industrials | 12.87% |
| 5 | Financials | 10.37% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Alcoa
AA
$11.7B
| $5.09M | 7.3% |
138,082
-16,891
| -11% | -$614K |
|
2
AerCap
AER
$23.9B
| $4.44M | 6.37% |
86,707
| – | – |
|
|
3
ConocoPhillips
COP
$147B
| $4.11M | 5.9% |
67,471
+12,853
| +24% | +$716K |
|
4
Adient
ADNT
$1.6B
| $3.77M | 5.41% |
83,468
| – | – |
|
|
5
Canadian Natural Resources
CNQ
$96.9B
| $3.73M | 5.36% |
210,159
-67,555
| -24% | -$1.11M |
|
6
EQT Corp
EQT
$33.2B
| $3.34M | 4.79% |
149,929
-6,481
| -4% | -$131K |
|
7
Range Resources
RRC
$9.11B
| $3.26M | 4.67% |
194,252
+3,744
| +2% | +$47K |
|
8
Chemours
CC
$2.59B
| $3.16M | 4.53% |
90,758
| – | – |
|
9
California Resources
CRC
$4.75B
| $3.13M | 4.48% |
103,672
| – | – |
|
|
10
Magnolia Oil & Gas
MGY
$5.83B
| $2.77M | 3.97% |
+177,164
| New | +$2.28M |
|
11
NOV
NOV
$7.45B
| $2.74M | 3.93% |
178,866
+22,446
| +14% | +$349K |
|
|
NEX
12
DELISTED
NexTier Oilfield Solutions Inc.
NEX
| $2.67M | 3.83% |
560,007
+91,698
| +20% | +$403K |
|
13
Citigroup
C
$222B
| $2.49M | 3.58% |
35,243
+6,941
| +25% | +$514K |
|
14
ArcelorMittal
MT
$50.4B
| $2.49M | 3.57% |
80,183
| – | – |
|
|
15
Devon Energy
DVN
$51.9B
| $2.33M | 3.34% |
+79,851
| New | +$2.06M |
|
|
16
LyondellBasell Industries
LYB
$19.5B
| $2.33M | 3.34% |
22,651
+6,902
| +44% | +$747K |
|
|
YELL
17
DELISTED
Yellow Corporation Common Stock
YELL
| $2.19M | 3.14% |
336,192
+89,572
| +36% | +$667K |
|
18
Lear
LEA
$7.19B
| $2.08M | 2.98% |
11,850
| – | – |
|
19
Dana Inc
DAN
$2.91B
| $2.07M | 2.96% |
86,945
+26,776
| +45% | +$694K |
|
20
Wells Fargo
WFC
$261B
| $1.92M | 2.76% |
42,448
-16,095
| -27% | -$719K |
|
|
21
FedEx
FDX
$74.5B
| $1.55M | 2.23% |
5,199
-3,827
| -42% | -$1.14M |
|
22
Magna International
MGA
$17.9B
| $1.44M | 2.07% |
15,543
| – | – |
|
|
23
Popular Inc
BPOP
$11B
| $1.42M | 2.03% |
18,897
-16,046
| -46% | -$1.23M |
|
24
Citizens Financial Group
CFG
$30.4B
| $1.39M | 2% |
30,314
| – | – |
|
25
Viatris
VTRS
$20.1B
| $1.08M | 1.55% |
75,510
-39,448
| -34% | -$571K |
|
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Elm Ridge Management's Q2 2021 Portfolio in Review
As of Q2 2021, Elm Ridge Management held 32 positions worth $69.7M, up 9.3% from $63.8M the previous quarter. Its ten largest holdings account for 53% of the portfolio.
Elm Ridge Management deployed $3.8M of net new capital in Q2 2021, opening 5 new positions and adding to 9 existing holdings. Its largest new stake was Magnolia Oil & Gas: 177,164 shares worth $2.77M.
By sector, the portfolio is most concentrated in Energy at 42% of assets, up from 30% a quarter earlier, followed by Materials and Consumer Discretionary.
On the sell side, the largest reduction was Houghton Mifflin Harcourt Company, an estimated $1.68M trimmed.
- Elm Ridge Management's largest Q2 2021 buy was Magnolia Oil & Gas: 177,164 shares worth $2.77M.
- Elm Ridge Management added most to LyondellBasell Industries in Q2 2021, an estimated $747K increase.
- Elm Ridge Management's biggest Q2 2021 reduction was Houghton Mifflin Harcourt Company, cutting an estimated $1.68M.
- Elm Ridge Management fully exited DOMTAR CORPORATION (New) in Q2 2021, selling an estimated $2.78M.
- Elm Ridge Management's ten largest holdings make up 53% of its $69.7M portfolio in Q2 2021.
- Elm Ridge Management opened 5 new positions and closed 1 in Q2 2021.
- Elm Ridge Management's portfolio value rose 9.3% quarter-over-quarter to $69.7M.
Based on Elm Ridge Management's 13F filing for Q2 2021, filed 16 Aug 2021.