Elm Ridge Management, LLC
Filing Date
Global Rank
#5,195
/ 7,302
▼ 130
· as of Mar 2024
Top Industry
Oil & Gas E&P
24.4%
3Y Alpha vs SPY
-7.1%
Period ended 2 years ago
Filed May 15, 2024 · 2y
17 quarters · since Mar 2020
Clone Performance
Jul 2023–Jul 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+46.0%
SPY
+76.5%
Annualised alpha
-7.4%
Max drawdown
−28.0%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
26 positions · as of Mar 31, 2024 · Δ vs Dec 31, 2023Top Position
7.1%
−0.2 pts
Top 5
32.7%
+3.0 pts
Top 10
54.9%
+2.0 pts
HHI
458
Diversified+11
Portfolio Trend
17 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2024| Sector | % Portfolio | Value |
|---|---|---|
| Energy | 34.6% | $30,548,602 |
| Basic Materials | 25.0% | $22,077,138 |
| Financial Services | 18.1% | $16,016,153 |
| Industrials | 11.3% | $10,015,949 |
| Consumer Cyclical | 9.3% | $8,204,815 |
| Consumer Defensive | 1.3% | $1,147,462 |
| Technology | 0.3% | $259,889 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
5 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| DAN | DANA Inc | +42,636 | 192,099 | $2,439,657 | |
| NWL | Newell Brands Inc. | +31,180 | 142,897 | $1,147,462 | |
| MGY | Magnolia Oil & Gas Corp | +23,256 | 152,503 | $3,957,452 | |
| EQT | EQT Corp | +13,173 | 90,188 | $3,343,269 | |
| OMF | OneMain Holdings, Inc. | +11 | 109,776 | $5,608,455 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
10 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| NOV | NOV Inc. | −23,231 | 160,402 | $3,131,047 | |
| AR | ANTERO RESOURCES Corp | −18,367 | 127,517 | $3,697,993 | |
| DVN | Devon Energy Corp/De | −16,471 | 65,065 | $3,264,961 | |
| AER | AerCap Holdings N.V. | −14,954 | 71,954 | $6,253,522 | |
| APA | APA Corp | −14,509 | 92,104 | $3,166,535 | |
| AA | Alcoa Corp | −14,481 | 115,022 | $3,886,593 | |
| VAL | Valaris Ltd | −13,509 | 43,464 | $3,271,100 | |
| ADNT | Adient plc | −13,140 | 83,969 | $2,764,259 | |
| ARCB | Arcbest Corp /De/ | −7,703 | 26,403 | $3,762,427 | |
| SLVM | Sylvamo Corp | −3,925 | 94,562 | $5,838,257 | |
| No positions match the current search. | |||||
Sold Out
Positions the filer fully exited
1 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| COP | Conocophillips | 29,233 | $3,393,074 | |
| No positions match the current search. | ||||
26 positions ·
$88,270,008 total
· as of Mar 31, 2024
All sectors
Basic Materials
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Industrials
Technology
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| AER |
AerCap Holdings N.V.
Industrials
|
Reduced | 71,954 | $6,253,522 | 7.08% | |
| SLVM |
Sylvamo Corp
Basic Materials
|
Reduced | 94,562 | $5,838,257 | 6.61% | |
| C |
Citigroup Inc
Financial Services
|
Held | 91,925 | $5,813,337 | 6.59% | |
| OMF |
OneMain Holdings, Inc.
Financial Services
|
Added | 109,776 | $5,608,455 | 6.35% | |
| LYB |
LyondellBasell Industries N.V.
Basic Materials
|
Held | 52,300 | $5,349,244 | 6.06% | |
| MT |
ArcelorMittal
Basic Materials
|
Held | 156,189 | $4,307,692 | 4.88% | |
| MGY |
Magnolia Oil & Gas Corp
Energy
|
Added | 152,503 | $3,957,452 | 4.48% | |
| AA |
Alcoa Corp
Basic Materials
|
Reduced | 115,022 | $3,886,593 | 4.40% | |
| ARCB |
Arcbest Corp /De/
Industrials
|
Reduced | 26,403 | $3,762,427 | 4.26% | |
| AR |
ANTERO RESOURCES Corp
Energy
|
Reduced | 127,517 | $3,697,993 | 4.19% | |
| SYF |
Synchrony Financial
Financial Services
|
Held | 80,398 | $3,466,761 | 3.93% | |
| EQT |
EQT Corp
Energy
|
Added | 90,188 | $3,343,269 | 3.79% | |
| VAL |
Valaris Ltd
Energy
|
Reduced | 43,464 | $3,271,100 | 3.71% | |
| DVN |
Devon Energy Corp/De
Energy
|
Reduced | 65,065 | $3,264,961 | 3.70% | |
| APA |
APA Corp
Energy
|
Reduced | 92,104 | $3,166,535 | 3.59% | |
| NOV |
NOV Inc.
Energy
|
Reduced | 160,402 | $3,131,047 | 3.55% | |
| LEA |
Lear Corp
Consumer Cyclical
|
Held | 20,713 | $3,000,899 | 3.40% | |
| ADNT |
Adient plc
Consumer Cyclical
|
Reduced | 83,969 | $2,764,259 | 3.13% | |
| CC |
Chemours Co
Basic Materials
|
Held | 102,641 | $2,695,352 | 3.05% | |
| NBR |
Nabors Industries Ltd
Energy
|
Held | 30,374 | $2,616,112 | 2.96% | |
| RRC |
Range Resources Corp
Energy
|
Held | 73,283 | $2,523,133 | 2.86% | |
| DAN |
DANA Inc
Consumer Cyclical
|
Added | 192,099 | $2,439,657 | 2.76% | |
| CNQ |
CANADIAN NATURAL RESOURCES Ltd
Energy
|
Held | 41,326 | $1,577,000 | 1.79% | |
| NWL |
Newell Brands Inc.
Consumer Defensive
|
Added | 142,897 | $1,147,462 | 1.30% | |
| HLNE |
Hamilton Lane INC
Financial Services
|
NEW | 10,000 | $1,127,600 | 1.28% | |
| NTGR |
Netgear, Inc.
Technology
|
NEW | 16,480 | $259,889 | 0.29% |