ER
Elm Ridge Management, LLC Historical SEC 13F Holdings & Archive (Q1 2024)
Elm Ridge Management, LLCCIK: 0001483276
Quality / disciplined sizingLong-term holderSector-focused
Total reported value
$88.8M
Reporting period: 2024-03-31 · Number of holdings: 27
Elm Ridge Management, LLC disclosed 27 holdings in its latest 13F filing for the period ending 2024-03-31, with total reported value of $88.8M and a quarterly turnover rate of 0.0%.
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Personality snowflake
- Concentration
- 18.42
- Portfolio Stability
- 0
- Momentum
- 50
- Sector conviction
- 83
- Diversification
- 54
- Sizing Uniformity
- 94.98
Elm Ridge Management, LLC's disclosed holdings carry a Herfindahl concentration index of 0.046 — mathematically equivalent to about 22 equally-sized positions, close to its 27 actual disclosed holdings. Value is spread relatively evenly across the portfolio rather than concentrated in a handful of names.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.50), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govNo holding changes this quarter
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | AER | AerCap Holdings N.V. | Stock-Industrials | 7.04% | — | -17.21% | |
| 2 | SLVM | Sylvamo CORP | Stock-Materials | 6.57% | — | -3.99% | |
| 3 | C | Citigroup Inc | Stock-Financials | 6.55% | — | — | |
| 4 | OMF | Onemain Holdings Inc | Stock-Financials | 6.32% | — | +0.01% | |
| 5 | LYB | LyondellBasell Industries N.V. | Stock-Materials | 6.02% | — | — | |
| 6 | MT | Arcelormittal-ny Registered | Stock-Other | 4.85% | — | — | |
| 7 | MGY | Magnolia Oil & Gas CORP - A | Stock-Energy | 4.46% | — | +17.99% | |
| 8 | AA | Alcoa CORP | Stock-Materials | 4.38% | — | -11.18% | |
| 9 | ARCB | Arcbest CORP | Stock-Other | 4.24% | — | -22.59% | |
| 10 | AR | Antero Resources CORP | Stock-Energy | 4.16% | — | -12.59% | |
| 11 | SYF | Synchrony Financial | Stock-Financials | 3.90% | — | — | |
| 12 | EQT | Eqt CORP | Stock-Energy | 3.77% | — | +17.10% | |
| 13 | VAL | Valaris Limited | Stock-Energy | 3.68% | — | -23.71% | |
| 14 | DVN | Devon Energy CORP | Stock-Energy | 3.68% | — | -20.20% | |
| 15 | APA | Apa CORP | Stock-Energy | 3.57% | — | -13.61% | |
| 16 | CNQ | Canadian Natural Resources | Stock-Energy | 3.55% | — | — | |
| 17 | NOV | Nov Inc | Stock-Energy | 3.53% | — | -12.65% | |
| 18 | LEA | Lear CORP | Stock-Consumer Disc | 3.38% | — | — | |
| 19 | ADNT | Adient plc | Stock-Other | 3.11% | — | -13.53% | |
| 20 | CC | Chemours Co/the | Stock-Materials | 3.04% | — | — | |
| 21 | NBR | Nabors Industries Ltd. | Stock-Other | 2.95% | — | — | |
| 22 | RRC | Range Resources CORP | Stock-Energy | 2.84% | — | — | |
| 23 | DAN | Dana Inc | Stock-Other | 2.75% | — | +28.53% | |
| 24 | NWL | Newell Brands Inc | Stock-Consumer Staples | 1.29% | — | +27.91% | |
| 25 | NTGR | Netgear Inc | Stock-Other | 0.29% | — | — | |
| 26 | HLNE | Hamilton Lane Inc-class A | Stock-Financials | 0.07% | — | — | |
| 27 | SOXX | Ishares Semiconductor ETF | ETF-Other | 0.02% | — | — |
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Portfolio Performance
Performance for Q3 2026
-0.9%
Performance Last 4 Quarters
+34.6%
- Stdev
- +16.9%
- Beta
- +0.66
- Alpha
- +1.8%
- Max Drawdown
- -17.6%
- Annualized Perf
- +14.5%
- Batting Avg vs S&P
- +50%
- Sortino
- +1.56
- Stutzer
- +0.26
- Treynor
- +0.23
- Sterling
- +0.74
- Calmar
- +0.82
- Information Ratio
- -0.33
- Tracking Error
- +15.3%
- Stdev Down
- +9.6%
- Winning Months %
- +58.3%
- Losing Months %
- +41.7%
- Best 12 Months
- +65.2%
- Worst 12 Months
- -12.6%
- Efficiency Ratio
- +0.33
- Sharpe
- +0.89
- Stdev Sectors
- +13.5%
- Skewness
- -0.13
- Kurtosis
- -0.95
- Upside Potential
- +3.42
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2024 Q1 | 27 | $88.8M | 0 | ||
| 2023 Q4 | 25 | $90.2M | 0 | ||
| 2023 Q3 | 25 | $82.8M | 0 | ||
| 2023 Q2 | 23 | $82.0M | 0 | ||
| 2023 Q1 | 24 | $96.0M | 0 | ||
| 2022 Q4 | 27 | $105.2M | 0 | ||
| 2022 Q3 | 26 | $83.3M | 0 | ||
| 2022 Q2 | 31 | $91.2M | 0 | ||
| 2022 Q1 | 31 | $96.0M | 0 | ||
| 2021 Q4 | 31 | $78.6M | 0 | ||
| 2021 Q3 | 27 | $72.7M | 0 | ||
| 2021 Q2 | 31 | $69.7M | 96 | ||
| 2021 Q1 | 27 | $63.8M | 39 | ||
| 2020 Q4 | 25 | $49.5M | 54 | ||
| 2020 Q3 | 25 | $36.9M | 43 | ||
| 2020 Q2 | 25 | $34.2M | 44 | ||
| 2020 Q1 | 23 | $28.3M | 100 | ||
| 2019 Q4 | 27 | $111.3M | 16 | ||
| 2019 Q3 | 27 | $107.1M | 33 | ||
| 2019 Q2 | 29 | $124.1M | 81 | ||
| 2019 Q1 | 30 | $134.5M | 39 | ||
| 2018 Q4 | 32 | $169.0M | 61 | ||
| 2018 Q3 | 27 | $249.9M | 18 | ||
| 2018 Q2 | 25 | $239.9M | 85 | ||
| 2018 Q1 | 25 | $208.7M | 78 | ||
| 2017 Q4 | 28 | $223.4M | 64 | ||
| 2017 Q3 | 30 | $237.6M | 86 | ||
| 2017 Q2 | 37 | $304.0M | 43 | ||
| 2017 Q1 | 34 | $405.4M | 28 | ||
| 2016 Q4 | 32 | $466.1M | 27 | ||
| 2016 Q3 | 30 | $424.1M | 24 | ||
| 2016 Q2 | 32 | $415.3M | 81 | ||
| 2016 Q1 | 34 | $568.7M | 38 | ||
| 2015 Q4 | 31 | $518.8M | 34 | ||
| 2015 Q3 | 34 | $687.1M | 40 | ||
| 2015 Q2 | 33 | $800.5M | 48 | ||
| 2015 Q1 | 31 | $960.2M | 36 | ||
| 2014 Q4 | 35 | $1.0B | 48 | ||
| 2014 Q3 | 105 | $1.0B | 44 | ||
| 2014 Q2 | 111 | $1.1B | 38 | ||
| 2014 Q1 | 126 | $990.0M | 100 | ||
| 2013 Q4 | 57 | $816.7M | 67 | ||
| 2013 Q3 | 67 | $919.9M | 53 | ||
| 2013 Q2 | 65 | $848.3M | 0 |
Holding changes this quarter
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|
Filing History
FAQ
What is Elm Ridge Management, LLC and what type of investor is it?
Elm Ridge Management, LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2024-03-31), the firm manages a tracked equity portfolio valued at approximately $88.8M, spread across 27 disclosed positions.
What are Elm Ridge Management, LLC's largest equity positions?
Based on the latest 13F filing, Elm Ridge Management, LLC's top holdings by market value are:
1. AerCap Holdings N.V. (AER) — $6.3M (7.0%)
2. Sylvamo CORP (SLVM) — $5.8M (6.6%)
3. Citigroup Inc (C) — $5.8M (6.5%)
4. Onemain Holdings Inc (OMF) — $5.6M (6.3%)
5. LyondellBasell Industries N.V. (LYB) — $5.3M (6.0%)
What changes did Elm Ridge Management, LLC make in its most recent portfolio filing?
No notable portfolio changes were recorded for Elm Ridge Management, LLC in the most recent quarter. Holdings appear to have remained relatively stable.
What sectors does Elm Ridge Management, LLC focus on?
Elm Ridge Management, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Energy: 40.6%
• Materials: 24.5%
• Financials: 20.6%
• Industrials: 8.6%
• Consumer Discretionary: 4.1%
• Consumer Staples: 1.6%
Investment Profile
Elm Ridge Management, LLC returned an annualized 14.5% over the trailing 36 months — outperforming the S&P 500 by 1.8 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.66 (less volatile than the market) and a 50% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding, with 40.6% of the portfolio concentrated in Energy.
It has added to its C position over the past two quarters (+$2.0M, now $5.8M), while trimming VAL over the same stretch (-$1.0M, still holding $3.3M).
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Developer Access
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