ELM RIDGE MANAGEMENT, LLC Information

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

Report Date: 06/30/2014

Position Statistics

Total Positions 48
New Positions 6
Increased Positions 15
Decreased Positions 33
Positions with Activity 48
Sold Out Positions 14
Total Mkt Value (in $ millions) 706

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

Sector Weighting

Basic Materials 9.17%
Capital Goods 4.41%
Conglomerates
Consumer Cyclical
Consumer/Non-Cyclical
Energy 7.54%
Financial 29.35%
Healthcare 11.07%
Services 26.09%
Technology 12.33%
Transportation
Utilities

48 Positions as of 06/30/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
DONNELLEY R R & SONS CO COM 48,015 675 1.43 3,056,312
ASSURED GUARANTY LTD COM 41,039 -455 (1.1) 1,869,658
MBIA INC COM 39,824 5,947 17.56 4,296,052
ALCOA INC COM 36,984 -1,694 (4.38) 2,367,719
AMERICAN INTL GROUP INC COM NEW 34,401 -1,861 (5.13) 677,724
LOCKHEED MARTIN CORP COM 31,126 -922 (2.88) 176,609
LILLY ELI & CO COM 30,614 -10,387 (25.33) 489,190
WELLPOINT INC COM 29,947 -6,686 (18.25) 260,433
MERCK & CO INC NEW COM 27,538 -639 (2.27) 509,768
GOLDMAN SACHS GROUP INC COM 24,563 -1,155 (4.49) 138,845
KOHLS CORP COM 23,715 3,813 19.16 419,437
CITIGROUP INC COM NEW 23,651 -1,290 (5.17) 472,352
INTERPUBLIC GROUP COS INC COM 23,604 -630 (2.6) 1,351,108
APACHE CORP COM 20,082 -1,403 (6.53) 275,663
BOSTON SCIENTIFIC CORP COM 19,987 180 .91 1,757,871
JABIL CIRCUIT INC COM 19,791 2,366 13.58 1,070,375
CORNING INC COM 18,502 -5,469 (22.82) 1,042,380
SUPERVALU INC COM 18,388 -582 (3.07) 2,278,587
QUAD / GRAPHICS INC COM CL A 17,122 -133 (0.77) 865,201
NEWFIELD EXPL CO COM 16,736 -4,425 (20.91) 617,555