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) 752

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

Sector Weighting

Basic Materials 5.76%
Capital Goods 1.87%
Conglomerates
Consumer Cyclical
Consumer/Non-Cyclical 3.26%
Energy 20.27%
Financial 25.45%
Healthcare 10.88%
Services 27.51%
Technology 5%
Transportation
Utilities

35 Positions as of 12/31/2014

Company Class Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) ▲ Shares Held
ANTHEM INC COM -40,311 Sold Out 0
CORNING INC COM -17,101 Sold Out 0
LOCKHEED MARTIN CORP COM -40,538 Sold Out 0
ON SEMICONDUCTOR CORP COM -24,704 Sold Out 0
RESTORATION HARDWARE HLDGS INC COM -7,179 Sold Out 0
LILLY ELI & CO COM 27,163 -14,848 (35.34) 379,479
INTERPUBLIC GROUP COS INC COM 19,601 -9,935 (33.64) 899,547
BOSTON SCIENTIFIC CORP COM 29,363 -13,842 (32.04) 1,601,054
ALCOA INC COM 22,532 -8,273 (26.86) 1,704,360
ASSURED GUARANTY LTD COM 44,695 -14,153 (24.05) 1,645,603
AMERICAN INTL GROUP INC COM NEW 35,117 -3,632 (9.37) 616,196
CITIGROUP INC COM NEW 22,719 -2,350 (9.37) 429,474
DOMTAR CORP COM NEW 20,766 -2,148 (9.37) 481,915
GOLDMAN SACHS GROUP INC COM 24,994 -2,585 (9.37) 126,240
JABIL CIRCUIT INC COM 23,055 -2,385 (9.37) 973,202
POPULAR INC COM NEW 15,156 -1,568 (9.37) 442,499
SUPERVALU INC COM 22,499 -2,327 (9.37) 2,071,719
TERADYNE INC COM 14,575 -1,508 (9.37) 792,535
QUAD / GRAPHICS INC COM CL A 17,778 -1,586 (8.19) 797,594
AEROPOSTALE COM 11,910 -1,035 (8) 3,402,763