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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
+5.2%
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
$90.2M
AUM Growth
+$7.42M
(+9%)
Cap. Flow
+$4.4M
Cap. Flow
% of AUM
4.88%
Top 10 Holdings %
Top 10 Hldgs %
52.15%
Holding
25
New
–
Increased
9
Reduced
3
Closed
–
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
ArcBest
ARCB
|
+$1.67M |
| 2 |
APA Corp
APA
|
+$1.04M |
| 3 |
Synchrony
SYF
|
+$1.01M |
| 4 |
Adient
ADNT
|
+$536K |
| 5 |
Devon Energy
DVN
|
+$492K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ConocoPhillips
COP
|
+$495K |
| 2 |
Sylvamo
SLVM
|
+$490K |
| 3 |
AerCap
AER
|
+$457K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 38.78% |
| 2 | Materials | 24.25% |
| 3 | Financials | 14.63% |
| 4 | Industrials | 11.7% |
| 5 | Consumer Discretionary | 9.57% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
AerCap
AER
$23.9B
| $6.46M | 7.16% |
86,908
-6,914
| -7% | -$457K |
|
2
OneMain Financial
OMF
$6.9B
| $5.4M | 5.98% |
109,765
| – | – |
|
3
LyondellBasell Industries
LYB
$19.5B
| $4.97M | 5.51% |
52,300
| – | – |
|
|
4
Sylvamo
SLVM
$1.52B
| $4.84M | 5.36% |
98,487
-10,481
| -10% | -$490K |
|
5
Citigroup
C
$222B
| $4.73M | 5.24% |
91,925
| – | – |
|
6
ArcelorMittal
MT
$50.4B
| $4.43M | 4.91% |
156,189
| – | – |
|
7
Alcoa
AA
$11.7B
| $4.4M | 4.88% |
129,503
| – | – |
|
|
8
ArcBest
ARCB
$3.44B
| $4.1M | 4.54% |
34,106
+15,069
| +79% | +$1.67M |
|
9
Valaris
VAL
$5.51B
| $3.91M | 4.33% |
56,973
| – | – |
|
|
10
APA Corp
APA
$12.8B
| $3.83M | 4.24% |
106,613
+27,618
| +35% | +$1.04M |
|
11
NOV
NOV
$7.45B
| $3.72M | 4.13% |
183,633
| – | – |
|
|
12
Devon Energy
DVN
$51.9B
| $3.69M | 4.09% |
81,536
+10,753
| +15% | +$492K |
|
|
13
Adient
ADNT
$1.6B
| $3.53M | 3.91% |
97,109
+15,610
| +19% | +$536K |
|
|
14
ConocoPhillips
COP
$147B
| $3.39M | 3.76% |
29,233
-4,234
| -13% | -$495K |
|
15
Antero Resources
AR
$10.9B
| $3.31M | 3.67% |
145,884
+19,262
| +15% | +$488K |
|
16
Chemours
CC
$2.59B
| $3.24M | 3.59% |
102,641
| – | – |
|
|
17
Synchrony
SYF
$23.7B
| $3.07M | 3.4% |
80,398
+31,987
| +66% | +$1.01M |
|
18
EQT Corp
EQT
$33.2B
| $2.98M | 3.3% |
77,015
| – | – |
|
19
Lear
LEA
$7.19B
| $2.92M | 3.24% |
20,713
| – | – |
|
20
Magnolia Oil & Gas
MGY
$5.83B
| $2.75M | 3.05% |
129,247
| – | – |
|
21
Canadian Natural Resources
CNQ
$96.9B
| $2.71M | 3% |
82,652
| – | – |
|
22
Nabors Industries
NBR
$1.23B
| $2.48M | 2.75% |
30,374
+4,553
| +18% | +$441K |
|
23
Range Resources
RRC
$9.11B
| $2.23M | 2.47% |
73,283
| – | – |
|
24
Dana Inc
DAN
$2.91B
| $2.18M | 2.42% |
149,463
+6,846
| +5% | +$90.8K |
|
25
Newell Brands
NWL
$2.16B
| $970K | 1.07% |
111,717
+9,179
| +9% | +$70K |
|
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Elm Ridge Management's Q4 2023 Portfolio in Review
As of Q4 2023, Elm Ridge Management held 25 positions worth $90.2M, up 9% from $82.8M the previous quarter. Its ten largest holdings account for 52% of the portfolio.
Elm Ridge Management deployed $4.4M of net new capital in Q4 2023, adding to 9 existing holdings.
By sector, the portfolio is most concentrated in Energy at 39% of assets, down from 44% a quarter earlier, followed by Materials and Financials.
On the sell side, the largest reduction was ConocoPhillips, an estimated $495K trimmed.
- Elm Ridge Management added most to ArcBest in Q4 2023, an estimated $1.67M increase.
- Elm Ridge Management's biggest Q4 2023 reduction was ConocoPhillips, cutting an estimated $495K.
- Elm Ridge Management's ten largest holdings make up 52% of its $90.2M portfolio in Q4 2023.
- Elm Ridge Management opened 0 new positions and closed 0 in Q4 2023.
- Elm Ridge Management's portfolio value rose 9% quarter-over-quarter to $90.2M.
Based on Elm Ridge Management's 13F filing for Q4 2023, filed 14 Feb 2024.