SEC 13F Intelligence

Managers / Q4 2020 · view latest →

Elm Ridge Management, LLC

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

Reported Value
$49M
Q4 2020
Positions
25
Filings on Record
22
2019–present window
Filed
Feb 16, 2021
original filing

Summary

Elm Ridge Management, LLC reported $49M in U.S.-listed holdings across 25 positions for Q4 2020.

Its largest position, AER, represents 9.9% of the portfolio.

Compared with Q3 2020, the fund opened 2 new positions and exited 2.

Portfolio Metrics

Turnover
+12.3%
vs prior filed quarter
Top-10 Concentration
+55.4%
share of reported value
Largest Position
+9.9%
Aercap
New / Exited
2 / 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: 93.2%NY Reg Shrs: 4.3%Other: 2.5%
  • Common Stock · 93.2% · $46M
  • NY Reg Shrs · 4.3% · $2M
  • Other · 2.5% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CRCCALIFORNIA RES CORPNEW+62.8K62.8K+$1M$1M
VTRSVIATRIS INCNEW+76.4K76.4K+$1M$1M
WFCWELLS FARGO CO NEWADDED+36.1K71.4K+$1M$2M
AGOASSURED GUARANTY LTDSOLD OUT−62.9K0−$1M$0
MYLAN NVSOLD OUT−85.5K0−$1M$0
MGAMAGNA INTL INCTRIMMED−14.5K7.7K−$472,000$544,000
CCCHEMOURS COADDED+32.3K90.8K+$1M$2M
NBRNABORS INDUSTRIES LTDTRIMMED−9.9K8.9K+$59,000$520,000

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

Holdings — Q4 2020

25 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AERAERCAP HOLDINGS NVhistory →SHS9.93%$5M107.7K
2AAALCOA CORPhistory →COM7.09%$4M152.1K
3CNQCANADIAN NAT RES LTDhistory →COM6.61%$3M136.0K
4ADNTADIENT PLChistory →ORD SHS5.26%$3M74.8K
5CCCHEMOURS COhistory →COM4.55%$2M90.8K
6BPOPPOPULAR INChistory →COM NEW4.52%$2M39.7K
7COPCONOCOPHILLIPShistory →COM4.42%$2M54.6K
8CCITIGROUP INChistory →COM NEW4.37%$2M35.0K
9WFCWELLS FARGO CO NEWhistory →COM4.36%$2M71.4K
10MTARCELORMITTAL SA LUXEMBOURGhistory →NY REGISTRY SH4.34%$2M93.6K
11FDXFEDEX CORPhistory →COM4.28%$2M8.2K
12DANDANA INChistory →COM4.02%$2M102.0K
13EQTEQT CORPhistory →COM4.02%$2M156.4K
14LEALEAR CORPhistory →COM NEW3.81%$2M11.8K
15CFGCITIZENS FINL GROUP INChistory →COM3.54%$2M48.9K
16URIUNITED RENTALS INChistory →COM3.42%$2M7.3K
17UFSDOMTAR CORPhistory →COM NEW3.01%$1M47.0K
18RRCRANGE RES CORPhistory →COM3.00%$1M221.6K
19CRCCALIFORNIA RES CORPhistory →COMMON STOCK2.99%$1M62.8K
20LYBLYONDELLBASELL INDUSTRIES Nhistory →SHS - A -2.92%$1M15.7K
21VTRSVIATRIS INChistory →COM2.90%$1M76.4K
22YRC WORLDWIDE INCCOM PAR $.012.47%$1M275.8K
23HOUGHTON MIFFLIN HARCOURT COCOM2.02%$999,000299.9K
24MGAMAGNA INTL INChistory →COM1.10%$544,0007.7K
25NBRNABORS INDUSTRIES LTDhistory →SHS1.05%$520,0008.9K

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 ↗.