ELM RIDGE MANAGEMENT, LLC Information

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

Report Date: 03/31/2013

Position Statistics:

Total Positions 45
New Positions 9
Increased Positions 15
Decreased Positions 29
Positions with Activity 44
Sold Out Positions 5
Total Mkt Value
(in $ millions)
961

Sector Weighting

Basic Materials 2.63%
Capital Goods 7.59%
Conglomerates
Consumer Cyclical 5.32%
Consumer/Non-Cyclical
Energy 8.64%
Financial 31%
Healthcare 11.96%
Services 16.58%
Technology 16.28%
Transportation
Utilities

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

15 INCREASED Positions as of 03/31/2013

Company Class Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) Shares Held
MBIA INC COM 52,862 249 .47 3,941,977
LOCKHEED MARTIN CORP COM 47,133 12,927 37.79 437,636
APPLIED MATLS INC COM 35,796 222 .62 2,322,907
WELLPOINT INC COM 30,255 3,047 11.20 387,094
KOHLS CORP COM 25,426 25,426 New 487,564
WEATHERFORD INTERNATIONAL LTD REG SHS 22,399 22,399 New 1,629,007
LEAR CORP COM NEW 20,280 6,774 50.15 336,270
JOHNSON CTLS INC COM 16,009 4,067 34.06 426,119
NAVISTAR INTL CORP NEW COM 14,800 14,800 New 469,082
BOISE CASCADE CO DEL COM 7,748 7,748 New 293,695
ICU MED INC COM 3,466 3,466 New 47,158
LINDSAY CORP COM 1,808 1,808 New 23,054
ARMSTRONG WORLD INDS INC NEW COM 1,523 1,523 New 30,500
COSTAR GROUP INC COM 1,156 1,156 New 10,000
TEXAS CAPITAL BANCSHARES INC COM 372 372 New 8,605

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