SEC 13F Intelligence

Managers / Q3 2020 · view latest →

Elm Ridge Management, LLC

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

Reported Value
$37M
Q3 2020
Positions
25
Filings on Record
22
2019–present window
Filed
Nov 16, 2020
original filing

Summary

Elm Ridge Management, LLC reported $37M in U.S.-listed holdings across 25 positions for Q3 2020.

Its largest position, AER, represents 9.8% of the portfolio.

Compared with Q2 2020, the fund opened 4 new positions and exited 4.

Portfolio Metrics

Turnover
+17.8%
vs prior filed quarter
Top-10 Concentration
+58.0%
share of reported value
Largest Position
+9.8%
Aercap
New / Exited
4 / 4
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: 90.5%Other: 5.4%NY Reg Shrs: 4.0%
  • Common Stock · 90.5% · $33M
  • Other · 5.4% · $2M
  • NY Reg Shrs · 4.0% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
MTARCELORMITTAL SA LUXEMBOURGNEW+111.5K111.5K+$1M$1M
UFSDOMTAR CORPNEW+38.6K38.6K+$1M$1M
DANDANA INCORPORATEDNEW+72.0K72.0K+$887,000$887,000
WFCWELLS FARGO CO NEWNEW+35.3K35.3K+$831,000$831,000
KOSKOSMOS ENERGY LTDSOLD OUT−375.7K0−$624,000$0
UPBDRENT A CTR INC NEWSOLD OUT−19.3K0−$536,000$0
MBIMBIA INCSOLD OUT−62.1K0−$450,000$0
CALIFORNIA RES CORPSOLD OUT−280.3K0−$342,000$0

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

Holdings — Q3 2020

25 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AERAERCAP HOLDINGS NVhistory →SHS9.77%$4M143.1K
2FDXFEDEX CORPhistory →COM8.69%$3M12.7K
3URIUNITED RENTALS INChistory →COM6.62%$2M14.0K
4CNQCANADIAN NAT RES LTDhistory →COM5.90%$2M136.0K
5LYBLYONDELLBASELL INDUSTRIES Nhistory →SHS - A -5.00%$2M26.1K
6AAALCOA CORPhistory →COM4.80%$2M152.1K
7BPOPPOPULAR INChistory →COM NEW4.76%$2M48.4K
8EQTEQT CORPhistory →COM4.45%$2M126.9K
9MTARCELORMITTAL SA LUXEMBOURGhistory →NY REGISTRY SH4.01%$1M111.5K
10COPCONOCOPHILLIPShistory →COM3.98%$1M44.7K
11AGOASSURED GUARANTY LTDhistory →COM3.66%$1M62.9K
12ADNTADIENT PLChistory →ORD SHS3.51%$1M74.8K
13LEALEAR CORPhistory →COM NEW3.50%$1M11.8K
14MYLAN NVSHS EURO3.44%$1M85.5K
15RRCRANGE RES CORPhistory →COM3.41%$1M189.7K
16CFGCITIZENS FINL GROUP INChistory →COM3.35%$1M48.9K
17CCCHEMOURS COhistory →COM3.32%$1M58.5K
18CCITIGROUP INChistory →COM NEW2.85%$1M24.4K
19MGAMAGNA INTL INChistory →COM2.75%$1M22.2K
20UFSDOMTAR CORPhistory →COM NEW2.75%$1M38.6K
21DANDANA INCORPORATEDhistory →COM2.40%$887,00072.0K
22WFCWELLS FARGO CO NEWhistory →COM2.25%$831,00035.3K
23YRC WORLDWIDE INCCOM PAR $.012.01%$742,000189.3K
24HOUGHTON MIFFLIN HARCOURT COCOM1.58%$583,000337.3K
25NBRNABORS INDUSTRIES LTDhistory →SHS1.25%$461,00018.9K

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 ↗.