ELM RIDGE MANAGEMENT, LLC Information

3 WEST MAIN STREET, IRVINGTON, New York, 10533, (914) 250-1000

Report Date: 09/30/2014

Position Statistics

Total Positions 37
New Positions 3
Increased Positions 25
Decreased Positions 12
Positions with Activity 37
Sold Out Positions 7
Total Mkt Value (in $ millions) 764

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials 7.55%
Capital Goods 5.23%
Conglomerates
Consumer Cyclical
Consumer/Non-Cyclical 3.15%
Energy 4.66%
Financial 29.95%
Healthcare 13.33%
Services 25.9%
Technology 10.23%
Transportation
Utilities

37 Positions as of 09/30/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
ASSURED GUARANTY LTD COM 53,778 7,373 15.89 2,166,717
DONNELLEY R R & SONS CO COM 44,260 -6,413 (12.66) 2,669,509
MBIA INC COM 43,644 8,803 25.27 5,381,504
LILLY ELI & CO COM 42,322 7,047 19.98 586,915
LOCKHEED MARTIN CORP COM 39,943 5,945 17.49 207,494
ALCOA INC COM 37,236 -600 (1.59) 2,330,159
ANTHEM INC COM 35,822 117 .33 261,285
BOSTON SCIENTIFIC CORP COM 34,983 8,879 34.01 2,355,788
AMERICAN INTL GROUP INC COM NEW 33,493 109 .33 679,932
INTERPUBLIC GROUP COS INC COM 27,490 89 .33 1,355,513
RENT A CTR INC NEW COM 26,003 14,842 132.97 736,013
MERCK & CO INC NEW COM 24,612 -7,040 (22.24) 396,391
GOLDMAN SACHS GROUP INC COM 24,515 80 .33 139,298
DEAN FOODS CO NEW COM NEW 24,113 24,113 New 1,292,930
ASCENA RETAIL GROUP INC COM 23,232 13,005 127.16 1,940,858
SUPERVALU INC COM 23,134 75 .33 2,286,007
CITIGROUP INC COM NEW 22,567 74 .33 473,896
JABIL CIRCUIT INC COM 22,497 73 .33 1,073,866
ON SEMICONDUCTOR CORP COM 21,324 69 .33 2,126,016
DOMTAR CORP COM NEW 20,478 5,866 40.14 531,763