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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
-1.85%
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
$83.3M
AUM Growth
-$7.82M
(-8.6%)
Cap. Flow
-$5.02M
Cap. Flow
% of AUM
-6.03%
Top 10 Holdings %
Top 10 Hldgs %
53.99%
Holding
31
New
2
Increased
12
Reduced
12
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Chemours
CC
|
+$1.7M |
| 2 |
Alcoa
AA
|
+$1.37M |
| 3 |
LyondellBasell Industries
LYB
|
+$1.24M |
| 4 |
Citizens Financial Group
CFG
|
+$1.21M |
| 5 |
Citigroup
C
|
+$1.18M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
General Motors
GM
|
+$2.47M |
| 2 |
Popular Inc
BPOP
|
+$2.25M |
| 3 |
YELL
Yellow Corporation Common Stock
YELL
|
+$1.87M |
| 4 |
Lear
LEA
|
+$1.67M |
| 5 |
Ford
F
|
+$1.63M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 45.67% |
| 2 | Materials | 27.5% |
| 3 | Industrials | 11.35% |
| 4 | Consumer Discretionary | 10.04% |
| 5 | Financials | 5.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
AerCap
AER
$23.9B
| $6.49M | 7.79% |
153,399
-15,269
| -9% | -$675K |
|
2
Devon Energy
DVN
$51.9B
| $5.53M | 6.64% |
92,009
+541
| +0.6% | +$33.6K |
|
|
3
Alcoa
AA
$11.7B
| $4.91M | 5.89% |
145,741
+29,253
| +25% | +$1.37M |
|
4
ArcelorMittal
MT
$50.4B
| $4.42M | 5.31% |
222,132
+35,143
| +19% | +$805K |
|
5
Antero Resources
AR
$10.9B
| $4.2M | 5.04% |
137,479
-12,658
| -8% | -$467K |
|
|
6
Chemours
CC
$2.59B
| $4.08M | 4.89% |
165,365
+51,480
| +45% | +$1.7M |
|
7
Sylvamo
SLVM
$1.52B
| $4.07M | 4.88% |
120,077
+26,281
| +28% | +$998K |
|
8
Magnolia Oil & Gas
MGY
$5.83B
| $3.81M | 4.57% |
192,389
+7,256
| +4% | +$161K |
|
|
9
LyondellBasell Industries
LYB
$19.5B
| $3.77M | 4.53% |
50,129
+14,652
| +41% | +$1.24M |
|
10
ConocoPhillips
COP
$147B
| $3.71M | 4.46% |
36,302
-9,867
| -21% | -$984K |
|
11
NOV
NOV
$7.45B
| $3.69M | 4.43% |
228,132
+13,445
| +6% | +$226K |
|
|
12
Citigroup
C
$222B
| $3.42M | 4.1% |
82,012
+23,887
| +41% | +$1.18M |
|
13
EQT Corp
EQT
$33.2B
| $3.39M | 4.07% |
83,276
-1,208
| -1% | -$52.4K |
|
14
Canadian Natural Resources
CNQ
$96.9B
| $3.34M | 4% |
143,252
-19,259
| -12% | -$499K |
|
15
Valaris
VAL
$5.51B
| $2.98M | 3.58% |
60,961
-6,774
| -10% | -$325K |
|
|
YELL
16
DELISTED
Yellow Corporation Common Stock
YELL
| $2.96M | 3.56% |
584,476
-341,529
| -37% | -$1.87M |
|
17
Range Resources
RRC
$9.11B
| $2.89M | 3.47% |
114,568
-12,730
| -10% | -$385K |
|
18
Adient
ADNT
$1.6B
| $2.87M | 3.45% |
103,536
-2,763
| -3% | -$89.6K |
|
|
NEX
19
DELISTED
NexTier Oilfield Solutions Inc.
NEX
| $2.42M | 2.91% |
327,691
+992
| +0.3% | +$8.69K |
|
20
Dana Inc
DAN
$2.91B
| $2.26M | 2.71% |
197,725
+23,967
| +14% | +$363K |
|
|
21
Lear
LEA
$7.19B
| $1.92M | 2.3% |
16,005
-12,073
| -43% | -$1.67M |
|
22
Dow Inc
DOW
$21.6B
| $1.67M | 2% |
37,977
-10,497
| -22% | -$532K |
|
23
Nabors Industries
NBR
$1.23B
| $1.51M | 1.81% |
14,885
+3,697
| +33% | +$453K |
|
|
24
Ford
F
$57.3B
| $1.32M | 1.59% |
117,926
-116,771
| -50% | -$1.63M |
|
|
25
Citizens Financial Group
CFG
$30.4B
| $1.12M | 1.35% |
+32,649
| New | +$1.21M |
|
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Elm Ridge Management's Q3 2022 Portfolio in Review
As of Q3 2022, Elm Ridge Management held 31 positions worth $83.3M, down 8.6% from $91.2M the previous quarter. Its ten largest holdings account for 54% of the portfolio.
Elm Ridge Management withdrew a net $5.02M in Q3 2022, closing 5 positions and reducing 12 holdings. Its most notable exit was General Motors, an estimated $2.47M position sold in full.
By sector, the portfolio is most concentrated in Energy at 46% of assets, up from 43% a quarter earlier, followed by Materials and Industrials.
Against the trend, Elm Ridge Management opened a new position in Citizens Financial Group worth $1.12M.
- Elm Ridge Management's largest Q3 2022 buy was Citizens Financial Group: 32,649 shares worth $1.12M.
- Elm Ridge Management added most to Chemours in Q3 2022, an estimated $1.7M increase.
- Elm Ridge Management's biggest Q3 2022 reduction was Yellow Corporation Common Stock, cutting an estimated $1.87M.
- Elm Ridge Management fully exited General Motors in Q3 2022, selling an estimated $2.47M.
- Elm Ridge Management's ten largest holdings make up 54% of its $83.3M portfolio in Q3 2022.
- Elm Ridge Management opened 2 new positions and closed 5 in Q3 2022.
- Elm Ridge Management's portfolio value fell 8.6% quarter-over-quarter to $83.3M.
Based on Elm Ridge Management's 13F filing for Q3 2022, filed 14 Nov 2022.