ELM RIDGE MANAGEMENT, LLC Information

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

Report Date: 12/31/2013

Position Statistics

Total Positions 70
New Positions 3
Increased Positions 14
Decreased Positions 40
Positions with Activity 54
Sold Out Positions 14
Total Mkt Value (in $ millions) 817

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

Sector Weighting

Basic Materials 7.27%
Capital Goods 8.79%
Conglomerates
Consumer Cyclical 1.32%
Consumer/Non-Cyclical
Energy 10.67%
Financial 23.69%
Healthcare 9.71%
Services 23.1%
Technology 14.66%
Transportation 0%
Utilities

70 Positions as of 12/31/2013

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
MBIA INC COM 41,059 -5,716 (12.22) 3,349,047
ASSURED GUARANTY LTD COM 37,688 -6,957 (15.58) 1,592,230
DONNELLEY R R & SONS CO COM 37,123 -14,167 (27.62) 2,152,055
ALCOA INC COM 31,843 -6,502 (16.96) 2,440,088
BOSTON SCIENTIFIC CORP COM 30,712 -3,306 (9.72) 2,300,536
SAFEWAY INC COM NEW 29,246 -6,075 (17.2) 855,393
AMERICAN INTL GROUP INC COM NEW 27,290 -1,440 (5.01) 547,551
NABORS INDUSTRIES LTD SHS 26,981 1,198 4.65 1,128,431
CORNING INC COM 26,652 -5,442 (16.96) 1,296,942
MERCK & CO INC NEW COM 26,475 -5,406 (16.96) 472,355
LOCKHEED MARTIN CORP COM 25,900 -6,505 (20.08) 164,559
QUAD / GRAPHICS INC COM CL A 24,243 -6,310 (20.65) 1,114,112
ON SEMICONDUCTOR CORP COM 22,423 -576 (2.51) 2,309,251
NEWFIELD EXPL CO COM 22,412 156 .70 684,142
BANK OF AMERICA CORPORATION COM 22,380 -4,570 (16.96) 1,365,480
LILLY ELI & CO COM 22,118 -4,788 (17.8) 372,236
WELLPOINT INC COM 20,077 -4,100 (16.96) 208,120
APPLIED MATLS INC COM 19,130 -4,386 (18.65) 1,014,341
JABIL CIRCUIT INC COM 17,324 5,525 46.83 998,527
MARTIN MARIETTA MATLS INC COM 14,511 New 116,110