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) 780

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

Sector Weighting

Basic Materials 7.46%
Capital Goods 5.2%
Conglomerates
Consumer Cyclical
Consumer/Non-Cyclical 3.18%
Energy 4.76%
Financial 30.32%
Healthcare 13.13%
Services 25.81%
Technology 10.14%
Transportation
Utilities

25 INCREASED 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 55,468 7,605 15.89 2,166,717
MBIA INC COM 46,442 9,367 25.27 5,381,504
LILLY ELI & CO COM 42,322 7,047 19.98 586,915
LOCKHEED MARTIN CORP COM 40,602 6,044 17.49 207,494
ANTHEM INC COM 36,240 118 .33 261,285
BOSTON SCIENTIFIC CORP COM 35,243 8,945 34.01 2,355,788
AMERICAN INTL GROUP INC COM NEW 34,819 113 .33 679,932
INTERPUBLIC GROUP COS INC COM 28,127 91 .33 1,355,513
RENT A CTR INC NEW COM 27,225 15,539 132.97 736,013
GOLDMAN SACHS GROUP INC COM 25,132 82 .33 139,298
DEAN FOODS CO NEW COM NEW 24,837 24,837 New 1,292,930
SUPERVALU INC COM 23,546 76 .33 2,286,007
CITIGROUP INC COM NEW 23,169 75 .33 473,896
ASCENA RETAIL GROUP INC COM 22,980 12,863 127.16 1,940,858
JABIL CIRCUIT INC COM 22,444 73 .33 1,073,866
ON SEMICONDUCTOR CORP COM 21,600 70 .33 2,126,016
DOMTAR CORP COM NEW 20,728 5,937 40.14 531,763
CARNIVAL CORP PAIRED CTF 19,472 63 .33 416,424
APACHE CORP COM 17,830 58 .33 276,563
QUAD / GRAPHICS INC COM CL A 17,792 73 .41 868,744