ELM RIDGE MANAGEMENT, LLC Information

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

Report Date: 12/31/2014

Position Statistics

Total Positions 35
New Positions 5
Increased Positions 12
Decreased Positions 23
Positions with Activity 35
Sold Out Positions 5
Total Mkt Value (in $ millions) 749

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

Sector Weighting

Basic Materials 6%
Capital Goods 1.97%
Conglomerates
Consumer Cyclical
Consumer/Non-Cyclical 3.17%
Energy 20.95%
Financial 25.01%
Healthcare 11%
Services 26.77%
Technology 5.13%
Transportation
Utilities

5 New Positions as of 12/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
ROYAL DUTCH SHELL PLC SPONS ADR A 26,919 26,919 New 423,659
DENBURY RES INC COM NEW 26,307 26,307 New 3,066,074
MURPHY OIL CORP COM 22,841 22,841 New 490,567
TEREX CORP NEW COM 14,739 14,739 New 528,274
ABERCROMBIE & FITCH CO CL A 10,585 10,585 New 470,253