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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
+19.65%
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
$105M
AUM Growth
+$21.9M
(+26%)
Cap. Flow
+$7.98M
Cap. Flow
% of AUM
7.58%
Top 10 Holdings %
Top 10 Hldgs %
49.69%
Holding
28
New
2
Increased
10
Reduced
10
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
APA Corp
APA
|
+$3.28M |
| 2 |
Citizens Financial Group
CFG
|
+$2.6M |
| 3 |
OneMain Financial
OMF
|
+$2.02M |
| 4 |
YELL
Yellow Corporation Common Stock
YELL
|
+$1.41M |
| 5 |
Ford
F
|
+$1.31M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Dow Inc
DOW
|
+$1.67M |
| 2 |
AerCap
AER
|
+$1.29M |
| 3 |
Alcoa
AA
|
+$938K |
| 4 |
ArcelorMittal
MT
|
+$682K |
| 5 |
NOV
NOV
|
+$666K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 43.29% |
| 2 | Materials | 24.59% |
| 3 | Consumer Discretionary | 11.15% |
| 4 | Industrials | 10.74% |
| 5 | Financials | 10.22% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
AerCap
AER
$23.9B
| $7.58M | 7.2% |
129,960
-23,439
| -15% | -$1.29M |
|
|
2
Alcoa
AA
$11.7B
| $5.65M | 5.37% |
124,183
-21,558
| -15% | -$938K |
|
3
Sylvamo
SLVM
$1.52B
| $5.27M | 5.01% |
108,559
-11,518
| -10% | -$553K |
|
4
Devon Energy
DVN
$51.9B
| $5.18M | 4.93% |
84,288
-7,721
| -8% | -$526K |
|
|
5
ArcelorMittal
MT
$50.4B
| $5.1M | 4.84% |
194,328
-27,804
| -13% | -$682K |
|
6
Chemours
CC
$2.59B
| $5.04M | 4.79% |
164,681
-684
| -0.4% | -$20.5K |
|
7
Citigroup
C
$222B
| $4.96M | 4.71% |
109,589
+27,577
| +34% | +$1.25M |
|
8
LyondellBasell Industries
LYB
$19.5B
| $4.82M | 4.58% |
58,041
+7,912
| +16% | +$648K |
|
9
Antero Resources
AR
$10.9B
| $4.36M | 4.14% |
140,692
+3,213
| +2% | +$111K |
|
10
ConocoPhillips
COP
$147B
| $4.33M | 4.12% |
36,722
+420
| +1% | +$51.1K |
|
|
11
APA Corp
APA
$12.8B
| $4.2M | 3.99% |
89,981
+73,242
| +438% | +$3.28M |
|
12
Valaris
VAL
$5.51B
| $4.12M | 3.92% |
60,961
| – | – |
|
|
13
NOV
NOV
$7.45B
| $4.1M | 3.9% |
196,391
-31,741
| -14% | -$666K |
|
14
Canadian Natural Resources
CNQ
$96.9B
| $3.98M | 3.78% |
143,252
| – | – |
|
15
Magnolia Oil & Gas
MGY
$5.83B
| $3.93M | 3.73% |
167,490
-24,899
| -13% | -$607K |
|
|
16
Citizens Financial Group
CFG
$30.4B
| $3.91M | 3.71% |
99,204
+66,555
| +204% | +$2.6M |
|
17
Range Resources
RRC
$9.11B
| $3.48M | 3.31% |
139,144
+24,576
| +21% | +$673K |
|
18
Adient
ADNT
$1.6B
| $3.28M | 3.12% |
94,542
-8,994
| -9% | -$314K |
|
19
Dana Inc
DAN
$2.91B
| $2.99M | 2.84% |
197,725
| – | – |
|
20
Lear
LEA
$7.19B
| $2.91M | 2.77% |
23,500
+7,495
| +47% | +$993K |
|
21
EQT Corp
EQT
$33.2B
| $2.82M | 2.68% |
83,276
| – | – |
|
|
NEX
22
DELISTED
NexTier Oilfield Solutions Inc.
NEX
| $2.75M | 2.61% |
297,360
-30,331
| -9% | -$297K |
|
|
23
Ford
F
$57.3B
| $2.55M | 2.43% |
219,560
+101,634
| +86% | +$1.31M |
|
|
YELL
24
DELISTED
Yellow Corporation Common Stock
YELL
| $2.46M | 2.34% |
979,239
+394,763
| +68% | +$1.41M |
|
25
Nabors Industries
NBR
$1.23B
| $2.31M | 2.19% |
14,885
| – | – |
|
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Elm Ridge Management's Q4 2022 Portfolio in Review
As of Q4 2022, Elm Ridge Management held 28 positions worth $105M, up 26% from $83.3M the previous quarter. Its ten largest holdings account for 50% of the portfolio.
Elm Ridge Management deployed $7.98M of net new capital in Q4 2022, opening 2 new positions and adding to 10 existing holdings. Its largest new stake was OneMain Financial: 56,872 shares worth $1.89M.
By sector, the portfolio is most concentrated in Energy at 43% of assets, down from 46% a quarter earlier, followed by Materials and Consumer Discretionary.
On the sell side, the largest reduction was AerCap, an estimated $1.29M trimmed.
- Elm Ridge Management's largest Q4 2022 buy was OneMain Financial: 56,872 shares worth $1.89M.
- Elm Ridge Management added most to APA Corp in Q4 2022, an estimated $3.28M increase.
- Elm Ridge Management's biggest Q4 2022 reduction was AerCap, cutting an estimated $1.29M.
- Elm Ridge Management fully exited Dow Inc in Q4 2022, selling an estimated $1.67M.
- Elm Ridge Management's ten largest holdings make up 50% of its $105M portfolio in Q4 2022.
- Elm Ridge Management opened 2 new positions and closed 1 in Q4 2022.
- Elm Ridge Management's portfolio value rose 26% quarter-over-quarter to $105M.
Based on Elm Ridge Management's 13F filing for Q4 2022, filed 14 Feb 2023.