SEC 13F Intelligence

Managers / Q3 2023 · view latest →

Elm Ridge Management, LLC

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

Reported Value
$83M
Q3 2023
Positions
25
Filings on Record
22
2019–present window
Filed
Nov 14, 2023
original filing

Summary

Elm Ridge Management, LLC reported $83M in U.S.-listed holdings across 25 positions for Q3 2023.

Its largest position, AER, represents 7.1% of the portfolio.

Compared with Q2 2023, the fund opened 3 new positions and exited 1.

Portfolio Metrics

Turnover
+9.1%
vs prior filed quarter
Top-10 Concentration
+52.6%
share of reported value
Largest Position
+7.1%
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: 95.3%NY Reg Shrs: 4.7%
  • Common Stock · 95.3% · $79M
  • NY Reg Shrs · 4.7% · $4M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ARCBARCBEST CORPNEW+19.0K19.0K+$2M$2M
SYFSYNCHRONY FINANCIALNEW+48.4K48.4K+$1M$1M
NWLNEWELL BRANDS INCNEW+102.5K102.5K+$925,918$925,918
YELLOW CORPSOLD OUT−814.8K0−$561,178$0
RRCRANGE RES CORPTRIMMED−31.7K73.3K−$710,546$2M
AAALCOA CORPADDED+29.4K129.5K+$365,709$4M
MGYMAGNOLIA OIL & GAS CORPTRIMMED−47.5K129.2K−$733,778$3M
APAAPA CORPORATIONTRIMMED−25.5K79.0K−$325,061$3M

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

Holdings — Q3 2023

25 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AERAERCAP HOLDINGS NVhistory →SHS7.10%$6M93.8K
2LYBLYONDELLBASELL INDUSTRIES Nhistory →SHS - A -5.98%$5M52.3K
3SLVMSYLVAMO CORPhistory →COMMON STOCK5.78%$5M109.0K
4OMFONEMAIN HLDGS INChistory →COM5.31%$4M109.8K
5VALVALARIS LTDhistory →CL A5.16%$4M57.0K
6COPCONOCOPHILLIPShistory →COM4.84%$4M33.5K
7MTARCELORMITTAL SA LUXEMBOURGhistory →NY REGISTRY SH4.72%$4M156.2K
8NOVNOV INChistory →COM4.63%$4M183.6K
9CCITIGROUP INChistory →COM NEW4.56%$4M91.9K
10AAALCOA CORPhistory →COM4.54%$4M129.5K
11DVNDEVON ENERGY CORP NEWhistory →COM4.08%$3M70.8K
12APAAPA CORPORATIONhistory →COM3.92%$3M79.0K
13ARANTERO RESOURCES CORPhistory →COM3.88%$3M126.6K
14NBRNABORS INDUSTRIES LTDhistory →SHS3.84%$3M25.8K
15EQTEQT CORPhistory →COM3.77%$3M77.0K
16ADNTADIENT PLChistory →ORD SHS3.61%$3M81.5K
17MGYMAGNOLIA OIL & GAS CORPhistory →CL A3.57%$3M129.2K
18CCCHEMOURS COhistory →COM3.48%$3M102.6K
19LEALEAR CORPhistory →COM NEW3.36%$3M20.7K
20CNQCANADIAN NAT RES LTDhistory →COM3.23%$3M41.3K
21RRCRANGE RES CORPhistory →COM2.87%$2M73.3K
22DANDANA INChistory →COM2.53%$2M142.6K
23ARCBARCBEST CORPhistory →COM2.34%$2M19.0K
24SYFSYNCHRONY FINANCIALhistory →COM1.79%$1M48.4K
25NWLNEWELL BRANDS INChistory →COM1.12%$925,918102.5K

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 ↗.