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) 757

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 5.08%
Conglomerates
Consumer Cyclical
Consumer/Non-Cyclical 3.15%
Energy 4.69%
Financial 31.73%
Healthcare 12.52%
Services 25.4%
Technology 9.97%
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 55,056 7,548 15.89 2,166,717
MBIA INC COM 49,779 10,040 25.27 5,381,504
LILLY ELI & CO COM 41,248 6,868 19.98 586,915
LOCKHEED MARTIN CORP COM 38,418 5,718 17.49 207,494
AMERICAN INTL GROUP INC COM NEW 36,730 119 .33 679,932
ANTHEM INC COM 32,324 105 .33 261,285
BOSTON SCIENTIFIC CORP COM 30,672 7,785 34.01 2,355,788
INTERPUBLIC GROUP COS INC COM 26,541 86 .33 1,355,513
GOLDMAN SACHS GROUP INC COM 25,774 84 .33 139,298
RENT A CTR INC NEW COM 25,245 14,409 132.97 736,013
CITIGROUP INC COM NEW 24,856 81 .33 473,896
DEAN FOODS CO NEW COM NEW 23,803 23,803 New 1,292,930
ASCENA RETAIL GROUP INC COM 23,543 13,179 127.16 1,940,858
JABIL CIRCUIT INC COM 21,552 70 .33 1,073,866
DOMTAR CORP COM NEW 21,398 6,129 40.14 531,763
SUPERVALU INC COM 21,306 69 .33 2,286,007
ON SEMICONDUCTOR CORP COM 20,537 67 .33 2,126,016
CARNIVAL CORP PAIRED CTF 18,577 60 .33 416,424
QUAD / GRAPHICS INC COM CL A 18,426 75 .41 868,744
TERADYNE INC COM 17,149 13,065 319.92 874,511