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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
-2.41%
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
$96M
AUM Growth
-$9.28M
(-8.8%)
Cap. Flow
-$4.94M
Cap. Flow
% of AUM
-5.15%
Top 10 Holdings %
Top 10 Hldgs %
53.36%
Holding
27
New
–
Increased
14
Reduced
9
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
OneMain Financial
OMF
|
+$2.36M |
| 2 |
APA Corp
APA
|
+$811K |
| 3 |
Dana Inc
DAN
|
+$676K |
| 4 |
Citigroup
C
|
+$585K |
| 5 |
Lear
LEA
|
+$514K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Citizens Financial Group
CFG
|
+$3.91M |
| 2 |
Ford
F
|
+$2.55M |
| 3 |
FedEx
FDX
|
+$1.27M |
| 4 |
Sylvamo
SLVM
|
+$1.17M |
| 5 |
NOV
NOV
|
+$962K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 41.86% |
| 2 | Materials | 26.5% |
| 3 | Consumer Discretionary | 11.69% |
| 4 | Financials | 10.4% |
| 5 | Industrials | 9.55% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
AerCap
AER
$23.9B
| $7.09M | 7.38% |
126,001
-3,959
| -3% | -$237K |
|
2
ArcelorMittal
MT
$50.4B
| $5.8M | 6.04% |
192,447
-1,881
| -1% | -$56K |
|
|
3
Citigroup
C
$222B
| $5.7M | 5.94% |
121,507
+11,918
| +11% | +$585K |
|
4
LyondellBasell Industries
LYB
$19.5B
| $5.43M | 5.66% |
57,838
-203
| -0.3% | -$18.9K |
|
5
Alcoa
AA
$11.7B
| $5.39M | 5.62% |
126,626
+2,443
| +2% | +$118K |
|
6
Chemours
CC
$2.59B
| $4.93M | 5.14% |
164,681
| – | – |
|
7
Devon Energy
DVN
$51.9B
| $4.33M | 4.51% |
85,459
+1,171
| +1% | +$66.7K |
|
|
8
OneMain Financial
OMF
$6.9B
| $4.29M | 4.47% |
115,579
+58,707
| +103% | +$2.36M |
|
9
Canadian Natural Resources
CNQ
$96.9B
| $4.13M | 4.31% |
149,384
+6,132
| +4% | +$174K |
|
10
Valaris
VAL
$5.51B
| $4.13M | 4.3% |
63,472
+2,511
| +4% | +$175K |
|
|
11
APA Corp
APA
$12.8B
| $3.97M | 4.14% |
110,202
+20,221
| +22% | +$811K |
|
|
12
Sylvamo
SLVM
$1.52B
| $3.88M | 4.05% |
83,947
-24,612
| -23% | -$1.17M |
|
13
Magnolia Oil & Gas
MGY
$5.83B
| $3.87M | 4.03% |
176,786
+9,296
| +6% | +$206K |
|
14
Adient
ADNT
$1.6B
| $3.82M | 3.98% |
93,284
-1,258
| -1% | -$52.5K |
|
15
ConocoPhillips
COP
$147B
| $3.81M | 3.97% |
38,439
+1,717
| +5% | +$188K |
|
|
16
Lear
LEA
$7.19B
| $3.8M | 3.96% |
27,222
+3,722
| +16% | +$514K |
|
|
17
Dana Inc
DAN
$2.91B
| $3.6M | 3.75% |
239,038
+41,313
| +21% | +$676K |
|
18
Range Resources
RRC
$9.11B
| $3.31M | 3.45% |
125,230
-13,914
| -10% | -$350K |
|
19
EQT Corp
EQT
$33.2B
| $2.96M | 3.09% |
92,863
+9,587
| +12% | +$308K |
|
20
Antero Resources
AR
$10.9B
| $2.92M | 3.05% |
126,622
-14,070
| -10% | -$371K |
|
|
21
NOV
NOV
$7.45B
| $2.81M | 2.93% |
151,818
-44,573
| -23% | -$962K |
|
|
YELL
22
DELISTED
Yellow Corporation Common Stock
YELL
| $2.08M | 2.16% |
1,022,736
+43,497
| +4% | +$116K |
|
|
NEX
23
DELISTED
NexTier Oilfield Solutions Inc.
NEX
| $2M | 2.08% |
251,087
-46,273
| -16% | -$414K |
|
24
Nabors Industries
NBR
$1.23B
| $1.91M | 1.99% |
15,681
+796
| +5% | +$121K |
|
|
25
Citizens Financial Group
CFG
$30.4B
| – | – |
-99,204
| Closed | -$3.91M |
|
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Elm Ridge Management's Q1 2023 Portfolio in Review
As of Q1 2023, Elm Ridge Management held 27 positions worth $96M, down 8.8% from $105M the previous quarter. Its ten largest holdings account for 53% of the portfolio.
Elm Ridge Management withdrew a net $4.94M in Q1 2023, closing 3 positions and reducing 9 holdings. Its most notable exit was Citizens Financial Group, an estimated $3.91M position sold in full.
By sector, the portfolio is most concentrated in Energy at 42% of assets, down from 43% a quarter earlier, followed by Materials and Consumer Discretionary.
Against the trend, Elm Ridge Management added an estimated $2.36M to OneMain Financial.
- Elm Ridge Management added most to OneMain Financial in Q1 2023, an estimated $2.36M increase.
- Elm Ridge Management's biggest Q1 2023 reduction was Sylvamo, cutting an estimated $1.17M.
- Elm Ridge Management fully exited Citizens Financial Group in Q1 2023, selling an estimated $3.91M.
- Elm Ridge Management's ten largest holdings make up 53% of its $96M portfolio in Q1 2023.
- Elm Ridge Management opened 0 new positions and closed 3 in Q1 2023.
- Elm Ridge Management's portfolio value fell 8.8% quarter-over-quarter to $96M.
Based on Elm Ridge Management's 13F filing for Q1 2023, filed 15 May 2023.