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)
966

Sector Weighting

Basic Materials 2.61%
Capital Goods 7.48%
Conglomerates
Consumer Cyclical 5.29%
Consumer/Non-Cyclical
Energy 8.79%
Financial 30.94%
Healthcare 11.96%
Services 16.55%
Technology 16.38%
Transportation
Utilities

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

45 Positions as of 03/31/2013

Company Class Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) Shares Held
AETNA INC NEW COM 31,463 -8,302 (20.88) 511,674
ALCOA INC COM 25,244 -4,538 (15.24) 3,112,750
ALLSTATE CORP COM 19,612 -8,361 (29.89) 413,585
AMERICAN INTL GROUP INC COM NEW 39,766 -17,232 (30.23) 880,743
APPLIED MATLS INC COM 36,655 227 .62 2,322,907
ARMSTRONG WORLD INDS INC NEW COM 1,537 1,537 New 30,500
ASSURED GUARANTY LTD COM 42,426 -20,690 (32.78) 1,921,452
BANK OF AMERICA CORPORATION COM 32,747 -7,467 (18.57) 2,478,990
BOISE CASCADE CO DEL COM 8,009 8,009 New 293,695
BOSTON SCIENTIFIC CORP COM 46,774 -7,130 (13.23) 4,852,041
BP PLC SPONSORED ADR 24,231 -3,496 (12.61) 560,133
CENVEO INC COM 6,786 -1,438 (17.48) 3,231,648
CITIGROUP INC COM NEW 21,812 -5,133 (19.05) 441,904
CORNING INC COM 35,546 -2,443 (6.43) 2,352,459
COSTAR GROUP INC COM 1,185 1,185 New 10,000
DELL INC COM 29,960 -3,709 (11.02) 2,234,141
DONNELLEY R R & SONS CO COM 42,435 -3,983 (8.58) 3,185,815
FLEXTRONICS INTL LTD ORD 26,512 -2,721 (9.31) 3,474,650
GOLDMAN SACHS GROUP INC COM -5,828 Sold Out 0
ICU MED INC COM 3,491 3,491 New 47,158

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