SEC 13F Intelligence

Managers / Q2 2020 · view latest →

Elm Ridge Management, LLC

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

Reported Value
$34M
Q2 2020
Positions
25
Filings on Record
22
2019–present window
Filed
Aug 14, 2020
original filing

Summary

Elm Ridge Management, LLC reported $34M in U.S.-listed holdings across 25 positions for Q2 2020.

Its largest position, AER, represents 12.9% of the portfolio.

Compared with Q1 2020, the fund opened 4 new positions and exited 2.

Portfolio Metrics

Turnover
+12.4%
vs prior filed quarter
Top-10 Concentration
+67.1%
share of reported value
Largest Position
+12.9%
Aercap
New / Exited
4 / 2
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: 95.0%Other: 5.0%
  • Common Stock · 95.0% · $32M
  • Other · 5.0% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
EQTEQT CORPNEW+83.0K83.0K+$987,000$987,000
CFGCITIZENS FINANCIAL GROUP INCNEW+38.1K38.1K+$961,000$961,000
NBRNABORS INDUSTRIES LTDNEW+18.5K18.5K+$686,000$686,000
UPBDRENT A CTR INC NEWNEW+19.3K19.3K+$536,000$536,000
MYLAN NVADDED+54.0K85.5K+$905,000$1M
DELLDELL TECHNOLOGIES INCSOLD OUT22.1K0$876,000$0
NABORS INDUSTRIES LTDSOLD OUT1.05M0$408,000$0
MBIMBIA INCTRIMMED228.6K62.1K$2M$450,000

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

Holdings — Q2 2020

25 positions
#IssuerClass% PortfolioValueShares
1AERAERCAP HOLDINGS NVhistory →SHS12.93%$4M143.5K
2CNQCANADIAN NAT RES LTDhistory →COM8.73%$3M171.3K
3URIUNITED RENTALS INChistory →COM8.00%$3M18.3K
4COPCONOCOPHILLIPShistory →COM7.17%$2M58.4K
5FDXFEDEX CORPhistory →COM5.79%$2M14.1K
6CCITIGROUP INChistory →COM NEW5.70%$2M38.1K
7BPOPPOPULAR INChistory →COM NEW5.26%$2M48.4K
8LYBLYONDELLBASELL INDUSTRIES Nhistory →SHS - A -5.03%$2M26.1K
9AGOASSURED GUARANTY LTDhistory →COM4.49%$2M62.9K
10MYLAN NVSHS EURO4.02%$1M85.5K
11AAALCOA CORPhistory →COM3.38%$1M102.8K
12LEALEAR CORPhistory →COM NEW3.15%$1M9.9K
13RRCRANGE RES CORPhistory →COM3.09%$1M187.7K
14MGAMAGNA INTL INChistory →COM2.89%$989,00022.2K
15EQTEQT CORPhistory →COM2.89%$987,00083.0K
16CFGCITIZENS FINANCIAL GROUP INChistory →COM2.81%$961,00038.1K
17CCCHEMOURS COhistory →COM2.63%$898,00058.5K
18ADNTADIENT PLChistory →ORD SHS2.14%$730,00044.4K
19NBRNABORS INDUSTRIES LTDhistory →SHS2.01%$686,00018.5K
20KOSKOSMOS ENERGY LTDhistory →COM1.83%$624,000375.7K
21UPBDRENT A CTR INC NEWhistory →COM1.57%$536,00019.3K
22MBIMBIA INChistory →COM1.32%$450,00062.1K
23HOUGHTON MIFFLIN HARCOURT COCOM1.16%$397,000219.3K
24YRC WORLDWIDE INCCOM PAR $.011.02%$350,000189.3K
25CALIFORNIA RES CORPCOM NEW1.00%$342,000280.3K

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 ↗.