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) 792

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

Sector Weighting

Basic Materials 8.59%
Capital Goods 3.95%
Conglomerates
Consumer Cyclical
Consumer/Non-Cyclical
Energy 9.32%
Financial 27.95%
Healthcare 10.66%
Services 26.33%
Technology 13.16%
Transportation
Utilities

48 Activity 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 52,446 737 1.43 3,056,312
ASSURED GUARANTY LTD COM 44,217 -490 (1.1) 1,869,658
MBIA INC COM 42,660 6,371 17.56 4,296,052
ALCOA INC COM 38,262 -1,752 (4.38) 2,367,719
AMERICAN INTL GROUP INC COM NEW 37,695 -2,039 (5.13) 677,724
LILLY ELI & CO COM 32,189 -10,921 (25.33) 489,190
WELLPOINT INC COM 31,335 -6,996 (18.25) 260,433
LOCKHEED MARTIN CORP COM 31,293 -927 (2.88) 176,609
MERCK & CO INC NEW COM 30,581 -710 (2.27) 509,768
APACHE CORP COM 26,965 -1,884 (6.53) 275,663
KOHLS CORP COM 25,632 4,121 19.16 419,437
GOLDMAN SACHS GROUP INC COM 25,553 -1,202 (4.49) 138,845
INTERPUBLIC GROUP COS INC COM 25,212 -673 (2.6) 1,351,108
CITIGROUP INC COM NEW 24,732 -1,349 (5.17) 472,352
NEWFIELD EXPL CO COM 24,196 -6,397 (20.91) 617,555
JABIL CIRCUIT INC COM 23,067 2,758 13.58 1,070,375
WEATHERFORD INTL PLC ORD SHS 22,676 -1,104 (4.64) 1,002,470
SUPERVALU INC COM 21,829 -691 (3.07) 2,278,587
BOSTON SCIENTIFIC CORP COM 21,692 196 .91 1,757,871
CORNING INC COM 21,515 -6,359 (22.82) 1,042,380