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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
+10.49%
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
$78.6M
AUM Growth
+$5.88M
(+8.1%)
Cap. Flow
+$3.34M
Cap. Flow
% of AUM
4.25%
Top 10 Holdings %
Top 10 Hldgs %
57.77%
Holding
32
New
5
Increased
8
Reduced
12
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Dow Inc
DOW
|
+$2.11M |
| 2 |
Antero Resources
AR
|
+$2.07M |
| 3 |
Ford
F
|
+$1.65M |
| 4 |
Sylvamo
SLVM
|
+$1.55M |
| 5 |
Steel Dynamics
STLD
|
+$1.24M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Wells Fargo
WFC
|
+$1.93M |
| 2 |
YELL
Yellow Corporation Common Stock
YELL
|
+$1.12M |
| 3 |
ArcBest
ARCB
|
+$1.11M |
| 4 |
Adient
ADNT
|
+$1.06M |
| 5 |
Magna International
MGA
|
+$841K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 45.73% |
| 2 | Materials | 25.29% |
| 3 | Industrials | 10.67% |
| 4 | Consumer Discretionary | 9.68% |
| 5 | Financials | 6.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Alcoa
AA
$11.7B
| $6.18M | 7.87% |
103,788
-6,369
| -6% | -$319K |
|
2
AerCap
AER
$23.9B
| $6.16M | 7.84% |
94,151
+7,105
| +8% | +$440K |
|
3
ConocoPhillips
COP
$147B
| $5.3M | 6.75% |
73,481
-163
| -0.2% | -$11.9K |
|
4
Devon Energy
DVN
$51.9B
| $5.21M | 6.63% |
118,306
-15,880
| -12% | -$660K |
|
5
California Resources
CRC
$4.75B
| $4.88M | 6.21% |
114,201
+10,529
| +10% | +$450K |
|
6
Magnolia Oil & Gas
MGY
$5.83B
| $4.23M | 5.38% |
224,162
-30,941
| -12% | -$614K |
|
7
Canadian Natural Resources
CNQ
$96.9B
| $4.17M | 5.31% |
201,727
-30,943
| -13% | -$626K |
|
8
LyondellBasell Industries
LYB
$19.5B
| $3.23M | 4.11% |
35,005
+4,593
| +15% | +$426K |
|
9
ArcelorMittal
MT
$50.4B
| $3.05M | 3.88% |
95,807
-19,244
| -17% | -$596K |
|
10
Citigroup
C
$222B
| $2.98M | 3.8% |
49,389
+5,988
| +14% | +$398K |
|
11
EQT Corp
EQT
$33.2B
| $2.8M | 3.57% |
128,532
-39,829
| -24% | -$833K |
|
12
Chemours
CC
$2.59B
| $2.6M | 3.3% |
77,354
+13,107
| +20% | +$408K |
|
13
Range Resources
RRC
$9.11B
| $2.48M | 3.16% |
139,324
-36,409
| -21% | -$785K |
|
14
Popular Inc
BPOP
$11B
| $2.4M | 3.05% |
29,227
+10,330
| +55% | +$838K |
|
|
15
Adient
ADNT
$1.6B
| $2.23M | 2.84% |
46,571
-23,657
| -34% | -$1.06M |
|
|
YELL
16
DELISTED
Yellow Corporation Common Stock
YELL
| $2.23M | 2.83% |
176,855
-102,335
| -37% | -$1.12M |
|
|
NEX
17
DELISTED
NexTier Oilfield Solutions Inc.
NEX
| $2.16M | 2.75% |
609,387
+23,082
| +4% | +$96.7K |
|
|
18
Dow Inc
DOW
$21.6B
| $2.1M | 2.68% |
+37,076
| New | +$2.11M |
|
19
NOV
NOV
$7.45B
| $2.05M | 2.61% |
151,607
| – | – |
|
|
20
Antero Resources
AR
$10.9B
| $1.91M | 2.43% |
+109,290
| New | +$2.07M |
|
|
21
Ford
F
$57.3B
| $1.86M | 2.37% |
+89,798
| New | +$1.65M |
|
22
Dana Inc
DAN
$2.91B
| $1.78M | 2.26% |
77,925
-9,020
| -10% | -$209K |
|
23
Lear
LEA
$7.19B
| $1.74M | 2.21% |
9,489
-2,361
| -20% | -$415K |
|
|
24
Sylvamo
SLVM
$1.52B
| $1.48M | 1.88% |
+53,059
| New | +$1.55M |
|
|
25
Steel Dynamics
STLD
$35.6B
| $1.23M | 1.57% |
+19,819
| New | +$1.24M |
|
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Elm Ridge Management's Q4 2021 Portfolio in Review
As of Q4 2021, Elm Ridge Management held 32 positions worth $78.6M, up 8.1% from $72.7M the previous quarter. Its ten largest holdings account for 58% of the portfolio.
Elm Ridge Management deployed $3.34M of net new capital in Q4 2021, opening 5 new positions and adding to 8 existing holdings. Its largest new stake was Dow Inc: 37,076 shares worth $2.1M.
By sector, the portfolio is most concentrated in Energy at 46% of assets, down from 49% a quarter earlier, followed by Materials and Industrials.
On the sell side, the largest reduction was Yellow Corporation Common Stock, an estimated $1.12M trimmed.
- Elm Ridge Management's largest Q4 2021 buy was Dow Inc: 37,076 shares worth $2.1M.
- Elm Ridge Management added most to Popular Inc in Q4 2021, an estimated $838K increase.
- Elm Ridge Management's biggest Q4 2021 reduction was Yellow Corporation Common Stock, cutting an estimated $1.12M.
- Elm Ridge Management fully exited Wells Fargo in Q4 2021, selling an estimated $1.93M.
- Elm Ridge Management's ten largest holdings make up 58% of its $78.6M portfolio in Q4 2021.
- Elm Ridge Management opened 5 new positions and closed 4 in Q4 2021.
- Elm Ridge Management's portfolio value rose 8.1% quarter-over-quarter to $78.6M.
Based on Elm Ridge Management's 13F filing for Q4 2021, filed 14 Feb 2022.