Elm Ridge Management 13F annual report
Elm Ridge Management is an investment fund managing more than $88.7 billion ran by Sheetal Acharekar. There are currently 25 companies in Mrs. Acharekar’s portfolio. The largest investments include Aercap Holdings Nv and Sylvamo Corp, together worth $12.1 billion.
$88.7 billion Assets Under Management (AUM)
As of 8th May 2024, Elm Ridge Management’s top holding is 71,954 shares of Aercap Holdings Nv currently worth over $6.25 billion and making up 7.0% of the portfolio value.
In addition, the fund holds 94,562 shares of Sylvamo Corp worth $5.84 billion.
The third-largest holding is Citigroup Inc worth $5.81 billion and the next is OneMain Inc worth $5.61 billion, with 109,776 shares owned.
Currently, Elm Ridge Management's portfolio is worth at least $88.7 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Elm Ridge Management
The Elm Ridge Management office and employees reside in Briarcliff Manor, New York. According to the last 13-F report filed with the SEC, Sheetal Acharekar serves as the Regulatory Contact at Elm Ridge Management.
Recent trades
In the most recent 13F filing, Elm Ridge Management revealed that it had opened a new position in
Netgear Inc and bought 16,480 shares worth $260 million.
This means they effectively own approximately 0.1% of the company.
Netgear Inc makes up
100.0%
of the fund's Technology sector allocation and has decreased its share price by 12.2% in the past year.
The investment fund also strengthened its position in OneMain Inc by buying
11 additional shares.
This makes their stake in OneMain Inc total 109,776 shares worth $5.61 billion.
OneMain Inc soared 39.8% in the past year.
On the other hand, there are companies that Elm Ridge Management is getting rid of from its portfolio.
Elm Ridge Management closed its position in Conocophillips on 15th May 2024.
It sold the previously owned 29,233 shares for $3.39 billion.
Sheetal Acharekar also disclosed a decreased stake in Aercap Holdings Nv by 0.2%.
This leaves the value of the investment at $6.25 billion and 71,954 shares.
One of the smallest hedge funds
The two most similar investment funds to Elm Ridge Management are Seed Wealth Management and University Of Wisconsin Foundation. They manage $88.8 billion and $88.6 billion respectively.
Sheetal Acharekar investment strategy
Elm Ridge Management’s portfolio is diversified across 8 sectors.
Currently, their heaviest sector is Energy — making up 29.8% of
the total portfolio value.
The fund focuses on investments in the United States as
64.0% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
16% of the total holdings value.
On the other hand, small-cap stocks make up only 4.0% of the portfolio.
The average market cap of the portfolio companies is close to $11.7 billion.
The complete list of Elm Ridge Management trades based on 13F SEC filings
These positions were updated on May 15th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Aercap Holdings Nv |
17.21%
71,954
|
$6,253,522,000 | 7.05% |
| Sylvamo Corp |
3.99%
94,562
|
$5,838,258,000 | 6.58% |
| Citigroup Inc |
No change
91,925
|
$5,813,337,000 | 6.55% |
| OneMain Holdings Inc |
0.01%
109,776
|
$5,608,456,000 | 6.32% |
| Lyondellbasell Industries N |
No change
52,300
|
$5,349,244,000 | 6.03% |
| Arcelormittal Sa Luxembourg |
No change
156,189
|
$4,307,693,000 | 4.86% |
| Magnolia Oil & Gas Corp |
17.99%
152,503
|
$3,957,453,000 | 4.46% |
| Alcoa Corp |
11.18%
115,022
|
$3,886,593,000 | 4.38% |
| ArcBest Corp |
22.59%
26,403
|
$3,762,428,000 | 4.24% |
| Antero Resources Corp |
12.59%
127,517
|
$3,697,993,000 | 4.17% |
| Synchrony Financial |
No change
80,398
|
$3,466,762,000 | 3.91% |
| Conocophillips |
Closed
29,233
|
$3,393,074,000 | |
| EQT Corp |
17.10%
90,188
|
$3,343,269,000 | 3.77% |
| Valaris Ltd |
23.71%
43,464
|
$3,271,101,000 | 3.69% |
| Devon Energy Corp. |
20.20%
65,065
|
$3,264,962,000 | 3.68% |
| APA Corporation |
13.61%
92,104
|
$3,166,536,000 | 3.57% |
| Canadian Nat Res Ltd |
No change
41,326
|
$3,154,000,000 | 3.56% |
| NOV Inc |
12.65%
160,402
|
$3,131,047,000 | 3.53% |
| Lear Corp. |
No change
20,713
|
$3,000,899,000 | 3.38% |
| Adient plc |
13.53%
83,969
|
$2,764,259,000 | 3.12% |
| Chemours Company |
No change
102,641
|
$2,695,353,000 | 3.04% |
| Nabors Industries Ltd |
No change
30,374
|
$2,616,113,000 | 2.95% |
| Range Res Corp |
No change
73,283
|
$2,523,134,000 | 2.84% |
| Dana Inc |
28.53%
192,099
|
$2,439,657,000 | 2.75% |
| Newell Brands Inc. |
27.91%
142,897
|
$1,147,463,000 | 1.29% |
| Netgear Inc |
Opened
16,480
|
$259,890,000 | 0.29% |
| No transactions found | |||
| Showing first 500 out of 26 holdings | |||
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