SEC 13F Intelligence

Managers / Q4 2023 · view latest →

Elm Ridge Management, LLC

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

Reported Value
$90M
Q4 2023
Positions
25
Filings on Record
22
2019–present window
Filed
Feb 14, 2024
original filing

Summary

Elm Ridge Management, LLC reported $90M in U.S.-listed holdings across 25 positions for Q4 2023.

Its largest position, AER, represents 7.2% of the portfolio.

The book was largely unchanged from Q3 2023.

Portfolio Metrics

Turnover
+2.7%
vs prior filed quarter
Top-10 Concentration
+52.2%
share of reported value
Largest Position
+7.2%
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
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: 95.1%NY Reg Shrs: 4.9%
  • Common Stock · 95.1% · $86M
  • NY Reg Shrs · 4.9% · $4M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ARCBARCBEST CORPADDED+15.1K34.1K+$2M$4M
SYFSYNCHRONY FINANCIALADDED+32.0K80.4K+$2M$3M
APAAPA CORPORATIONADDED+27.6K106.6K+$578,579$4M
ADNTADIENT PLCADDED+15.6K97.1K+$539,870$4M
NBRNABORS INDUSTRIES LTDADDED+4.6K30.4K−$700,168$2M
ARANTERO RESOURCES CORPADDED+19.3K145.9K+$94,983$3M
DVNDEVON ENERGY CORP NEWADDED+10.8K81.5K+$317,232$4M
COPCONOCOPHILLIPSTRIMMED−4.2K29.2K−$616,273$3M

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

Holdings — Q4 2023

25 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AERAERCAP HOLDINGS NVhistory →SHS7.16%$6M86.9K
2OMFONEMAIN HLDGS INChistory →COM5.98%$5M109.8K
3LYBLYONDELLBASELL INDUSTRIES Nhistory →SHS - A -5.51%$5M52.3K
4SLVMSYLVAMO CORPhistory →COMMON STOCK5.36%$5M98.5K
5CCITIGROUP INChistory →COM NEW5.24%$5M91.9K
6MTARCELORMITTAL SA LUXEMBOURGhistory →NY REGISTRY SH4.91%$4M156.2K
7AAALCOA CORPhistory →COM4.88%$4M129.5K
8ARCBARCBEST CORPhistory →COM4.54%$4M34.1K
9VALVALARIS LTDhistory →CL A4.33%$4M57.0K
10APAAPA CORPORATIONhistory →COM4.24%$4M106.6K
11NOVNOV INChistory →COM4.13%$4M183.6K
12DVNDEVON ENERGY CORP NEWhistory →COM4.09%$4M81.5K
13ADNTADIENT PLChistory →ORD SHS3.91%$4M97.1K
14COPCONOCOPHILLIPShistory →COM3.76%$3M29.2K
15ARANTERO RESOURCES CORPhistory →COM3.67%$3M145.9K
16CCCHEMOURS COhistory →COM3.59%$3M102.6K
17SYFSYNCHRONY FINANCIALhistory →COM3.40%$3M80.4K
18EQTEQT CORPhistory →COM3.30%$3M77.0K
19LEALEAR CORPhistory →COM NEW3.24%$3M20.7K
20MGYMAGNOLIA OIL & GAS CORPhistory →CL A3.05%$3M129.2K
21CNQCANADIAN NAT RES LTDhistory →COM3.00%$3M41.3K
22NBRNABORS INDUSTRIES LTDhistory →SHS2.75%$2M30.4K
23RRCRANGE RES CORPhistory →COM2.47%$2M73.3K
24DANDANA INChistory →COM2.42%$2M149.5K
25NWLNEWELL BRANDS INChistory →COM1.07%$969,704111.7K

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 ↗.