ELM RIDGE MANAGEMENT, LLC Information

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

Report Date: 03/31/2015

Position Statistics

Total Positions 32
New Positions 2
Increased Positions 8
Decreased Positions 24
Positions with Activity 32
Sold Out Positions 4
Total Mkt Value (in $ millions) 628

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

Sector Weighting

Basic Materials 3.06%
Capital Goods 2.82%
Conglomerates
Consumer Cyclical
Consumer/Non-Cyclical 4.02%
Energy 21.43%
Financial 28.35%
Healthcare 8.51%
Services 25.71%
Technology 6.1%
Transportation
Utilities

32 Activity Positions as of 03/31/2015

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
DONNELLEY R R & SONS CO COM 44,197 -3,368 (7.08) 2,304,325
ASSURED GUARANTY LTD COM 44,182 -2,865 (6.09) 1,545,376
MBIA INC COM 38,431 -9,823 (20.36) 4,260,631
APACHE CORP COM 30,351 527 1.77 507,205
ROYAL DUTCH SHELL PLC SPONS ADR A 29,124 3,824 15.11 487,684
AMERICAN INTL GROUP INC COM NEW 28,403 -7,712 (21.36) 484,606
LILLY ELI & CO COM 28,205 -1,736 (5.8) 357,478
DENBURY RES INC COM NEW 28,181 5,584 24.71 3,823,717
CARNIVAL CORP PAIRED CTF 26,438 -1,636 (5.83) 570,635
RENT A CTR INC NEW COM 25,439 2,005 8.56 840,957
DEAN FOODS CO NEW COM NEW 25,261 -1,574 (5.87) 1,371,386
ASCENA RETAIL GROUP INC COM 25,211 -1,570 (5.86) 1,705,766
MERCK & CO INC NEW COM 25,187 -1,562 (5.84) 413,645
GOLDMAN SACHS GROUP INC COM 24,497 -1,533 (5.89) 118,806
JABIL CIRCUIT INC COM 22,503 -1,408 (5.89) 915,877
CITIGROUP INC COM NEW 21,858 -1,368 (5.89) 404,182
MURPHY OIL CORP COM 21,697 377 1.77 499,232
ALCOA INC COM 19,222 -2,083 (9.78) 1,537,725
TEREX CORP NEW COM 17,698 4,634 35.47 715,640
TERADYNE INC COM 15,775 -988 (5.89) 745,843