SEC 13F Intelligence

Managers / Q1 2024

Elm Ridge Management, LLC

CIK 0001483276 · 298 SCARBOROUGH RD., BRIARCLIFF MANOR, NY, 10510 · (914) 250-1000

Reported Value
$89M
Q1 2024
Positions
27
Filings on Record
22
2019–present window
Filed
May 15, 2024
original filing

Summary

Elm Ridge Management, LLC reported $89M in U.S.-listed holdings across 27 positions for Q1 2024.

Its largest position, AER, represents 7.0% of the portfolio.

Compared with Q4 2023, the fund opened 3 new positions and exited 1.

Portfolio Metrics

Turnover
+7.5%
vs prior filed quarter
Top-10 Concentration
+54.6%
share of reported value
Largest Position
+7.0%
Aercap
New / Exited
3 / 1
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $169MQ4 ’18Q1 ’19: $134MQ2 ’19: $124MQ3 ’19: $107MQ3 ’19Q4 ’19: $111MQ1 ’20: $28MQ2 ’20: $34MQ2 ’20Q3 ’20: $37MQ4 ’20: $49MQ1 ’21: $64MQ1 ’21Q2 ’21: $70MQ3 ’21: $73MQ4 ’21: $79MQ4 ’21Q1 ’22: $96MQ2 ’22: $91MQ3 ’22: $83MQ3 ’22Q4 ’22: $105MQ1 ’23: $96MQ2 ’23: $82MQ2 ’23Q3 ’23: $83MQ4 ’23: $90MQ1 ’24: $89MQ1 ’24filingsflow.com

Portfolio Composition

By security type
Common Stock: 95.1%NY Reg Shrs: 4.9%ETP: 0.0%
  • Common Stock · 95.1% · $84M
  • NY Reg Shrs · 4.9% · $4M
  • ETP · 0.0% · $18,900

Quarter-over-Quarter Changes full breakdown →

vs Q4 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
NTGRNETGEAR INCNEW+16.5K16.5K+$259,890$259,890
HLNEHAMILTON LANE INCNEW+10.0K10.0K+$58,000$58,000
SOXXISHARES TRNEW+12.0K12.0K+$18,900$18,900
COPCONOCOPHILLIPSSOLD OUT−29.2K0−$3M$0
DANDANA INCADDED+42.6K192.1K+$256,003$2M
NWLNEWELL BRANDS INCADDED+31.2K142.9K+$177,759$1M
VALVALARIS LTDTRIMMED−13.5K43.5K−$635,538$3M
ARCBARCBEST CORPTRIMMED−7.7K26.4K−$337,454$4M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2024

25 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AERAERCAP HOLDINGS NVhistory →SHS7.04%$6M72.0K
2SLVMSYLVAMO CORPhistory →COMMON STOCK6.57%$6M94.6K
3CCITIGROUP INChistory →COM NEW6.55%$6M91.9K
4OMFONEMAIN HLDGS INChistory →COM6.32%$6M109.8K
5LYBLYONDELLBASELL INDUSTRIES Nhistory →SHS - A -6.02%$5M52.3K
6MTARCELORMITTAL SA LUXEMBOURGhistory →NY REGISTRY SH4.85%$4M156.2K
7MGYMAGNOLIA OIL & GAS CORPhistory →CL A4.46%$4M152.5K
8AAALCOA CORPhistory →COM4.38%$4M115.0K
9ARCBARCBEST CORPhistory →COM4.24%$4M26.4K
10ARANTERO RESOURCES CORPhistory →COM4.16%$4M127.5K
11SYFSYNCHRONY FINANCIALhistory →COM3.90%$3M80.4K
12EQTEQT CORPhistory →COM3.77%$3M90.2K
13VALVALARIS LTDhistory →CL A3.68%$3M43.5K
14DVNDEVON ENERGY CORP NEWhistory →COM3.68%$3M65.1K
15APAAPA CORPORATIONhistory →COM3.57%$3M92.1K
16CNQCANADIAN NAT RES LTDhistory →COM3.55%$3M41.3K
17NOVNOV INChistory →COM3.53%$3M160.4K
18LEALEAR CORPhistory →COM NEW3.38%$3M20.7K
19ADNTADIENT PLChistory →ORD SHS3.11%$3M84.0K
20CCCHEMOURS COhistory →COM3.04%$3M102.6K
21NBRNABORS INDUSTRIES LTDhistory →SHS2.95%$3M30.4K
22RRCRANGE RES CORPhistory →COM2.84%$3M73.3K
23DANDANA INChistory →COM2.75%$2M192.1K
24NWLNEWELL BRANDS INChistory →COM1.29%$1M142.9K
25NTGRNETGEAR INCCOM0.29%$259,89016.5K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2024$89M27May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$90M25Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$83M25Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$82M23Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$96M24May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$105M27Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$83M26Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$91M31Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$96M31May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$79M31Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$73M27Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$70M31Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$64M27May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$49M25Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$37M25Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$34M25Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$28M23May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$111M27Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$107M27Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$124M29Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$134M30May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$169M32Feb 14, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.