Latest Elm Ridge Management, LLC Stock Portfolio
Elm Ridge Management, LLC Performance:
2024 Q1: 5.43%YTD: 5.43%2023: -0.74%
Performance for 2024 Q1 is 5.43%, and YTD is 5.43%, and 2023 is -0.74%.
About Elm Ridge Management, LLC and 13F Hedge Fund Stock Holdings
Elm Ridge Management, LLC is a hedge fund based in BRIARCLIFF MANOR, NY. On 27-Sep-2023, the fund reported that it had an AUM (Regulated Assets under Management) of $178 Millions. In it's latest 13F Holdings report, Elm Ridge Management, LLC reported an equity portfolio of $88.8 Millions as of 31 Mar, 2024.
The top stock holdings of Elm Ridge Management, LLC are AER, SLVM, C. The fund has invested 7% of it's portfolio in AERCAP HOLDINGS NV and 6.6% of portfolio in SYLVAMO CORP.
The fund managers got completely rid off CONOCOPHILLIPS (COP) stocks. They significantly reduced their stock positions in VALARIS LTD (VAL), ARCBEST CORP (ARCB) and DEVON ENERGY CORP NEW (DVN). Elm Ridge Management, LLC opened new stock positions in NETGEAR INC (NTGR). The fund showed a lot of confidence in some stocks as they added substantially to DANA INC (DAN), NEWELL BRANDS INC (NWL) and MAGNOLIA OIL & GAS CORP (MGY).
The top stock holdings of Elm Ridge Management, LLC are AER, SLVM, C. The fund has invested 7% of it's portfolio in AERCAP HOLDINGS NV and 6.6% of portfolio in SYLVAMO CORP.
The fund managers got completely rid off CONOCOPHILLIPS (COP) stocks. They significantly reduced their stock positions in VALARIS LTD (VAL), ARCBEST CORP (ARCB) and DEVON ENERGY CORP NEW (DVN). Elm Ridge Management, LLC opened new stock positions in NETGEAR INC (NTGR). The fund showed a lot of confidence in some stocks as they added substantially to DANA INC (DAN), NEWELL BRANDS INC (NWL) and MAGNOLIA OIL & GAS CORP (MGY).
Elm Ridge Management, LLC Annual Return Estimates Vs S&P 500
Our best estimate is that Elm Ridge Management, LLC made a return of 5.43% in the last quarter. In trailing 12 months, it's portfolio return was 9.02%.
New Buys
| Ticker | $ Bought |
|---|---|
| netgear inc | 259,890 |
New stocks bought by Elm Ridge Management, LLC
Additions
| Ticker | % Inc. |
|---|---|
| dana inc | 28.53 |
| newell brands inc | 27.91 |
| magnolia oil & gas corp | 17.99 |
| eqt corp | 17.1 |
| onemain hldgs inc | 0.01 |
Additions to existing portfolio by Elm Ridge Management, LLC
Reductions
| Ticker | % Reduced |
|---|---|
| valaris ltd | -23.71 |
| arcbest corp | -22.59 |
| devon energy corp new | -20.2 |
| aercap holdings nv | -17.21 |
| apa corporation | -13.61 |
| adient plc | -13.53 |
| nov inc | -12.65 |
| antero resources corp | -12.59 |
Elm Ridge Management, LLC reduced stake in above stock
Sold off
| Ticker | $ Sold |
|---|---|
| conocophillips | -3,393,070 |
Elm Ridge Management, LLC got rid off the above stocks
Sector Distribution
Elm Ridge Management, LLC has about 32.7% of it's holdings in Energy sector.
| Sector | % |
|---|---|
| Energy | 32.7 |
| Basic Materials | 20 |
| Financial Services | 16.8 |
| Others | 15.5 |
| Consumer Cyclical | 9.2 |
| Industrials | 4.2 |
| Consumer Defensive | 1.3 |
Market Cap. Distribution
Elm Ridge Management, LLC has about 31.7% of it's portfolio invested in the large-cap and mega-cap stocks.
| Category | % |
|---|---|
| MID-CAP | 49.6 |
| LARGE-CAP | 31.7 |
| UNALLOCATED | 15.5 |
| SMALL-CAP | 3.2 |
Stocks belong to which Index?
About 55.6% of the stocks held by Elm Ridge Management, LLC either belong to S&P 500 or RUSSELL 2000 index.
| Index | % |
|---|---|
| Others | 44.4 |
| RUSSELL 2000 | 28.1 |
| S&P 500 | 27.5 |
Elm Ridge Management, LLC Holdings Map
This heatmap illustrates the top 50 positions within the fund's portfolio.
Current Stock Holdings of Elm Ridge Management, LLC
Elm Ridge Management, LLC has 25 stocks in it's portfolio. About 54.6% of the portfolio is in top 10 stocks. CC proved to be the most loss making stock for the portfolio. SLVM was the most profitable stock for Elm Ridge Management, LLC last quarter.
Last Reported on: 15 May, 2024| Ticker | Namesorted ascending | % Portfolio | Shares Held | $ Value | Type | % Change | Options | |
|---|---|---|---|---|---|---|---|---|
| AA | alcoa corp | 4.38 | 115,022 | 3,886,590 | reduced | -11.18 | ||
| ADNT | adient plc | 3.11 | 83,969 | 2,764,260 | reduced | -13.53 | ||
| AER | aercap holdings nv | 7.04 | 71,954 | 6,253,520 | reduced | -17.21 | ||
| APA | apa corporation | 3.57 | 92,104 | 3,166,540 | reduced | -13.61 | ||
| AR | antero resources corp | 4.16 | 127,517 | 3,697,990 | reduced | -12.59 | ||
| ARCB | arcbest corp | 4.24 | 26,403 | 3,762,430 | reduced | -22.59 | ||
| C | citigroup inc | 6.55 | 91,925 | 5,813,340 | unchanged | 0.00 | ||
| CC | chemours co | 3.04 | 102,641 | 2,695,350 | unchanged | 0.00 | ||
| CNQ | canadian nat res ltd | 3.55 | 41,326 | 3,154,000 | unchanged | 0.00 | ||
| COP | conocophillips | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| DAN | dana inc | 2.75 | 192,099 | 2,439,660 | added | 28.53 | ||
| DVN | devon energy corp new | 3.68 | 65,065 | 3,264,960 | reduced | -20.2 | ||
| EQT | eqt corp | 3.77 | 90,188 | 3,343,270 | added | 17.1 | ||
| LEA | lear corp | 3.38 | 20,713 | 3,000,900 | unchanged | 0.00 | ||
| LYB | lyondellbasell industries n | 6.02 | 52,300 | 5,349,240 | unchanged | 0.00 | ||
| MGY | magnolia oil & gas corp | 4.46 | 152,503 | 3,957,450 | added | 17.99 | ||
| MT | arcelormittal sa luxembourg | 4.85 | 156,189 | 4,307,690 | unchanged | 0.00 | ||
| NBR | nabors industries ltd | 2.95 | 30,374 | 2,616,110 | unchanged | 0.00 | ||
| NOV | nov inc | 3.53 | 160,402 | 3,131,050 | reduced | -12.65 | ||
| NTGR | netgear inc | 0.29 | 16,480 | 259,890 | new | |||