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) 775

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

Sector Weighting

Basic Materials 7.34%
Capital Goods 5.28%
Conglomerates
Consumer Cyclical
Consumer/Non-Cyclical 3.2%
Energy 4.75%
Financial 30.79%
Healthcare 13.16%
Services 25.35%
Technology 10.12%
Transportation
Utilities

37 Positions as of 09/30/2014

Company Class Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) ▲ Shares Held
ABERCROMBIE & FITCH CO CL A -9,982 Sold Out 0
APPLIED MATLS INC COM -17,862 Sold Out 0
FAIRCHILD SEMICONDUCTOR INTL COM -18,137 Sold Out 0
INTL PAPER CO COM -16,927 Sold Out 0
KOHLS CORP COM -25,242 Sold Out 0
VERITIV CORP COM -298 Sold Out 0
WEATHERFORD INTL PLC ORD SHS -10,797 Sold Out 0
NEWFIELD EXPL CO COM 12,752 -4,842 (27.52) 447,607
CORNING INC COM 18,111 -6,749 (27.15) 759,391
MERCK & CO INC NEW COM 24,770 -7,085 (22.24) 396,391
DONNELLEY R R & SONS CO COM 44,020 -6,378 (12.66) 2,669,509
ALCOA INC COM 36,723 -592 (1.59) 2,330,159
DEAN FOODS CO NEW COM NEW 24,837 24,837 New 1,292,930
RESTORATION HARDWARE HLDGS INC COM 7,159 7,159 New 78,131
ULTRA PETROLEUM CORP COM 6,655 6,655 New 490,095
AMERICAN INTL GROUP INC COM NEW 35,023 114 .33 679,932
APACHE CORP COM 17,390 57 .33 276,563
CARNIVAL CORP PAIRED CTF 19,314 63 .33 416,424
GOLDMAN SACHS GROUP INC COM 25,142 82 .33 139,298
INTERPUBLIC GROUP COS INC COM 27,910 91 .33 1,355,513