SEC 13F Intelligence

Managers / Q2 2023 · view latest →

Elm Ridge Management, LLC

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

Reported Value
$82M
Q2 2023
Positions
23
Filings on Record
21
2019–present window
Filed
Aug 14, 2023
original filing

Summary

Elm Ridge Management, LLC reported $82M in U.S.-listed holdings across 23 positions for Q2 2023.

Its largest position, AER, represents 7.8% of the portfolio.

Compared with Q1 2023, the fund opened 0 new positions and exited 1.

Portfolio Metrics

Turnover
+1.9%
vs prior filed quarter
Top-10 Concentration
+53.8%
share of reported value
Largest Position
+7.8%
Aercap

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

Portfolio Composition

By security type
Common Stock: 93.5%NY Reg Shrs: 5.8%Other: 0.7%
  • Common Stock · 93.5% · $77M
  • NY Reg Shrs · 5.8% · $5M
  • Other · 0.7% · $561,178

Quarter-over-Quarter Changes full breakdown →

vs Q1 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
NEXTIER OILFIELD SOLUTIONSSOLD OUT−251.1K0−$2M$0
NBRNABORS INDUSTRIES LTDADDED+10.1K25.8K+$490,457$2M
CNQCANADIAN NAT RES LTDTRIMMED−30.3K44.4K−$2M$2M
DANDANA INCTRIMMED−96.4K142.6K−$1M$2M
NOVNOV INCADDED+59.7K211.5K+$582,774$3M
CCCHEMOURS COTRIMMED−62.0K102.6K−$1M$4M
CCITIGROUP INCTRIMMED−31.5K90.0K−$2M$4M
AAALCOA CORPTRIMMED−26.5K100.1K−$2M$3M

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

Holdings — Q2 2023

23 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AERAERCAP HOLDINGS NVhistory →SHS7.84%$6M101.3K
2LYBLYONDELLBASELL INDUSTRIES Nhistory →SHS - A -5.85%$5M52.3K
3MTARCELORMITTAL SA LUXEMBOURGhistory →NY REGISTRY SH5.79%$5M173.8K
4OMFONEMAIN HLDGS INChistory →COM5.73%$5M107.6K
5CCITIGROUP INChistory →COM NEW5.05%$4M90.0K
6VALVALARIS LIMITEDhistory →CL A4.87%$4M63.5K
7DVNDEVON ENERGY CORP NEWhistory →COM4.76%$4M80.8K
8SLVMSYLVAMO CORPhistory →COMMON STOCK4.75%$4M96.4K
9CCCHEMOURS COhistory →COM4.62%$4M102.6K
10MGYMAGNOLIA OIL & GAS CORPhistory →CL A4.50%$4M176.8K
11ADNTADIENT PLChistory →ORD SHS4.36%$4M93.3K
12APAAPA CORPORATIONhistory →COM4.35%$4M104.5K
13COPCONOCOPHILLIPShistory →COM4.23%$3M33.5K
14LEALEAR CORPhistory →COM NEW4.22%$3M24.1K
15AAALCOA CORPhistory →COM4.14%$3M100.1K
16NOVNOV INChistory →COM4.14%$3M211.5K
17EQTEQT CORPhistory →COM3.86%$3M77.0K
18RRCRANGE RES CORPhistory →COM3.76%$3M105.0K
19ARANTERO RESOURCES CORPhistory →COM3.55%$3M126.6K
20CNQCANADIAN NAT RES LTDhistory →COM3.05%$2M44.4K
21DANDANA INChistory →COM2.96%$2M142.6K
22NBRNABORS INDUSTRIES LTDhistory →SHS2.93%$2M25.8K
23YELLOW CORPCOM0.68%$561,178814.8K

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 ↗

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 ↗.