Latest Elm Ridge Management, LLC Stock Portfolio

$88.80Million | No. of Holdings #25

Elm Ridge Management, LLC Performance

2024 Q1+5.43%

YTD+5.43%

2023-0.74%

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 2024-05-15, the fund reported it's updated stock portfolio. In the 13F Holdings report, Elm Ridge Management, LLC reported an equity portfolio of $88.8 Millions as of 31 Mar, 2024. <br><br> 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. <br><br> 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 Equity Portfolio Value

Last Reported on: 15 May, 2024

$88.80Million

as of May 15, 2024

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%.

Performance
S&P 500

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.

Energy
Basic Materials
Financial Services
Others
Consumer Cyclical
Industrials
Consumer Defensive

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.

MID-CAP
LARGE-CAP
UNALLOCATED
SMALL-CAP

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.

Others
RUSSELL 2000
S&P 500

Index	%
Others	44.4
RUSSELL 2000	28.1
S&P 500	27.5

Top 5 Winners (%)		%
SLVM	sylvamo corp	25.2 %
AR	antero resources corp	25.1 %
C	citigroup inc	22.9 %
MGY	magnolia oil & gas corp	21.8 %
ARCB	arcbest corp	17.5 %

Top 5 Winners ($)		$
SLVM	sylvamo corp	1.2 M
C	citigroup inc	1.1 M
AR	antero resources corp	0.8 M
ARCB	arcbest corp	0.7 M
MGY	magnolia oil & gas corp	0.7 M

Top 5 Losers (%)		%
CC	chemours co	-16.7 %
DAN	dana inc	-11.1 %
ADNT	adient plc	-9.0 %
NWL	newell brands inc	-6.0 %
APA	apa corporation	-5.3 %

Top 5 Losers ($)		$
CC	chemours co	-0.5 M
ADNT	adient plc	-0.3 M
DAN	dana inc	-0.3 M
APA	apa corporation	-0.2 M
NOV	nov inc	-0.2 M

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.

$88.72MTotal Value

26.00Positions

15 May, 2024Last Reported

Current holdings of Current Stock Holdings of Elm Ridge Management, LLC, last reported on 15 May, 2024. Select a row with a linked ticker to view its historical trend.
Holdingsorted ascending	% Portfolio	Shares Held	$ Value	% Change
AA Alcoa Corp Alcoa CorpAA Elm Ridge Management, LLC's holding in Alcoa Corp over time	4.38%	115,022	$3.89M 4.38%	decreased 11.18 percentreduced

ADNT Adient Plc Adient PlcADNT Elm Ridge Management, LLC's holding in Adient Plc over time	3.11%	83,969	$2.76M 3.11%	decreased 13.53 percentreduced

AER Aercap Holdings Nv Aercap Holdings Nv AER Elm Ridge Management, LLC's holding in Aercap Holdings Nv over time	7.04%	71,954	$6.25M 7.04%	decreased 17.21 percentreduced

APA Apa Corporation Apa CorporationAPA Elm Ridge Management, LLC's holding in Apa Corporation over time	3.57%	92,104	$3.17M 3.57%	decreased 13.61 percentreduced

AR Antero Resources Corp Antero Resources CorpAR Elm Ridge Management, LLC's holding in Antero Resources Corp over time	4.16%	127,517	$3.70M 4.16%	decreased 12.59 percentreduced

ARCB Arcbest Corp Arcbest CorpARCB Elm Ridge Management, LLC's holding in Arcbest Corp over time	4.24%	26,403	$3.76M 4.24%	decreased 22.59 percentreduced

C Citigroup Inc Citigroup IncC Elm Ridge Management, LLC's holding in Citigroup Inc over time	6.55%	91,925	$5.81M 6.55%	unchanged 0 percentunchanged

CC Chemours Co Chemours CoCC Elm Ridge Management, LLC's holding in Chemours Co over time	3.04%	102,641	$2.70M 3.04%	unchanged 0 percentunchanged

CNQ Canadian Nat Res Ltd Canadian Nat Res Ltd CNQ Elm Ridge Management, LLC's holding in Canadian Nat Res Ltd over time	3.55%	41,326	$3.15M 3.55%	unchanged 0 percentunchanged

COP Conocophillips ConocophillipsCOP Elm Ridge Management, LLC's holding in Conocophillips over time	0%	0.00	$0.00 0%	decreased 100 percentsold off

DAN Dana Inc Dana IncDAN Elm Ridge Management, LLC's holding in Dana Inc over time	2.75%	192,099	$2.44M 2.75%	increased 28.53 percentadded

DVN Devon Energy Corp New Devon Energy Corp NewDVN Elm Ridge Management, LLC's holding in Devon Energy Corp New over time	3.68%	65,065	$3.26M 3.68%	decreased 20.2 percentreduced

EQT Eqt Corp Eqt CorpEQT Elm Ridge Management, LLC's holding in Eqt Corp over time	3.77%	90,188	$3.34M 3.77%	increased 17.1 percentadded

LEA Lear Corp Lear CorpLEA Elm Ridge Management, LLC's holding in Lear Corp over time	3.38%	20,713	$3.00M 3.38%	unchanged 0 percentunchanged

LYB Lyondellbasell Industries N Lyondellbasell Industries NLYB Elm Ridge Management, LLC's holding in Lyondellbasell Industries N over time	6.02%	52,300	$5.35M 6.02%	unchanged 0 percentunchanged

MGY Magnolia Oil & Gas Corp Magnolia Oil & Gas CorpMGY Elm Ridge Management, LLC's holding in Magnolia Oil & Gas Corp over time	4.46%	152,503	$3.96M 4.46%	increased 17.99 percentadded

MT Arcelormittal Sa Luxembourg Arcelormittal Sa Luxembourg MT Elm Ridge Management, LLC's holding in Arcelormittal Sa Luxembourg over time	4.85%	156,189	$4.31M 4.85%	unchanged 0 percentunchanged

NBR Nabors Industries Ltd Nabors Industries LtdNBR Elm Ridge Management, LLC's holding in Nabors Industries Ltd over time	2.95%	30,374	$2.62M 2.95%	unchanged 0 percentunchanged

NOV Nov Inc Nov IncNOV Elm Ridge Management, LLC's holding in Nov Inc over time	3.53%	160,402	$3.13M 3.53%	decreased 12.65 percentreduced

NTGR Netgear Inc Netgear IncNTGR Elm Ridge Management, LLC's holding in Netgear Inc over time	0.29%	16,480	$259.9K 0.29%	new position