Elm Ridge Management, LLC

13F filer, CIK 1483276, BRIARCLIFF MANOR, NY

Elm Ridge Management, LLC reported $91,159,000 across 29 holdings for the quarter ended 2022-06-30, in a 13F-HR filed 2022-08-15. Its ten largest share positions make up 50.91% of the portfolio.

Filed 2022-08-15 (acceptance time not in the bulk data set), ingested 2026-10-07 18:35:03 UTC13F-HR 0001420506-22-001616

Period: 2022-06-30
Reported value: $91.2M
Holdings: 29
Top 10 weight: 50.91%
New: 4
Sold out: 3

Largest buys vs the previous quarter

Security	Shares change	Approx. value
GMnew	+77,732	$2.47M
MTadded	+88,610	$2M
LEAadded	+15,691	$1.98M
YELLQadded	+582,200	$1.71M
AAadded	+31,347	$1.43M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

Security	Shares change	Approx. value
CRCexited	-56,020	-$2.51M
NEXTIER OILFIELD SOLUTIONS …reduced	-156,932	-$1.49M
CCreduced	-33,340	-$1.07M
EQTreduced	-27,257	-$938K
MGYreduced	-20,376	-$428K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q2 2022

Share positions as resolved from 13F-HR 0001420506-22-001616, largest first. % of portfolio is the value over $89,703,000, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Timeline
AERAERCAP HOLDINGS NV	168,668	$6.91M	7.7%	+28,497	Timeline
AAALCOA CORP	116,488	$5.31M	5.92%	+31,347	Timeline
DVNDEVON ENERGY CORP NEW	91,468	$5.04M	5.62%	+754	Timeline
ARANTERO RESOURCES CORP	150,137	$4.6M	5.13%	+40,847	Timeline
CNQCANADIAN NAT RES LTD MED TER	79,584	$4.27M	4.76%	0	Timeline
MTARCELORMITTAL SA LUXEMBOURG	186,989	$4.23M	4.71%	+88,610	Timeline
COPCONOCOPHILLIPS	46,169	$4.15M	4.62%	+772	Timeline
MGYMAGNOLIA OIL & GAS CORP	185,133	$3.89M	4.33%	-20,376	Timeline
CCCHEMOURS CO	113,885	$3.65M	4.07%	-33,340	Timeline
NOVNOV INC	214,687	$3.63M	4.05%	-116	Timeline
LEALEAR CORP	28,078	$3.54M	3.94%	+15,691	Timeline
RRCRANGE RES CORP	127,298	$3.15M	3.51%	+21,102	Timeline
ADNTADIENT PLC	106,299	$3.15M	3.51%	+20,215	Timeline
NEXTIER OILFIELD SOLUTIONS …NEXTIER OILFIELD SOLUTIONS INC	326,699	$3.11M	3.46%	-156,932
LYBLYONDELLBASELL INDUSTRIES NV	35,477	$3.1M	3.46%	+1,152	Timeline
SLVMSYLVAMO CORP	93,796	$3.06M	3.42%	+6,483	Timeline
EQTEQT CORP	84,484	$2.91M	3.24%	-27,257	Timeline
VALVALARIS LTD	67,735	$2.86M	3.19%	+20,891	Timeline
YELLQYELLOW CORP NEW COM	926,005	$2.71M	3.02%	+582,200	Timeline
CCITIGROUP INC	58,125	$2.67M	2.98%	0	Timeline
FFORD MTR CO	234,697	$2.61M	2.91%	+40,178	Timeline
DOWDOW HLDGS INC	48,474	$2.5M	2.79%	+10,743	Timeline
GMGENERAL MTRS CO	77,732	$2.47M	2.75%	new	Timeline
DANDANA INC	173,758	$2.44M	2.73%	+36,548	Timeline
BPOPPOPULAR INC	29,227	$2.25M	2.51%	0	Timeline
NBRNABORS INDUSTRIES LTD	11,188	$1.5M	1.67%	0	Timeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

Security	Type	Amount	Value	Change
QQQINVESCO QQQ TR COM	put	25,500	$676K	new
AMAZON COM INCAMAZON COM INC PUT	put	10,000	$572K	new
BOEING COBOEING CO PUT	put	6,000	$208K	new

Sold out in Q2 2022

Positions in the previous quarter's report that this quarter's report no longer lists.

Security	Shares before	Value before	Type
CRCCALIFORNIA RES CORP	56,020	$2.51M	shares
ARK ETF TRARK ETF TR	40,000	$286K	put
IWFISHARES TR	11,500	$35K	put

How Q2 2022 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

Filing	Role	Amendment	Filed	Accepted	Ingested
13F-HR 0001420506-22-001616	base		2022-08-15	acceptance time not in the bulk data set	2026-10-07 18:35:03 UTC