ELM RIDGE MANAGEMENT, LLC Information

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

Report Date: 12/31/2016

Position Statistics

Total Positions 30
New Positions 3
Increased Positions 10
Decreased Positions 11
Positions with Activity 21
Sold Out Positions 2
Total Mkt Value (in $ millions) 333

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

Sector Weighting

Energy 40.66%
Basic Materials 3.45%
Industrials 13.64%
Consumer Cyclicals 1.89%
Consumer Non-Cyclicals
Financials 36.82%
Healthcare
Technology 3.54%
Telecommunication Services
Utilities

30 Positions as of 12/31/2016

Company ▲ Class Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) Shares Held
ALCOA CORP COM NEW -4,609 Sold Out 0
ALCOA CORP COM 11,479 8,744 319.74 334,477
AMERICAN INTL GROUP INC COM NEW 12,698 New 198,352
APACHE CORP COM 18,125 New 342,115
ASSURED GUARANTY LTD COM 29,803 New 718,491
BANK AMER CORP COM 14,680 -3,906 (21.02) 597,235
CALIFORNIA RES CORP COM NEW 17,655 3,977 29.08 966,841
CITIGROUP INC COM NEW 13,370 -3,498 (20.74) 220,551
CONOCOPHILLIPS COM 6,660 6,660 New 140,800
DENBURY RES INC COM NEW 6,717 -2,210 (24.76) 2,407,391
DEVON ENERGY CORP NEW COM 13,292 New 302,156
DONNELLEY FINL SOLUTIONS INC COM 6,160 -1,181 (16.08) 233,512
DONNELLEY R R & SONS CO COM 11,986 11,986 New 656,036
DONNELLEY R R & SONS CO COM -4,374 Sold Out 0
HELMERICH & PAYNE INC COM 4,596 -3,067 (40.03) 66,826
HERTZ GLOBAL HLDGS INC COM 6,768 2,349 53.16 336,905
LSC COMMUNICATIONS INC COM 12,154 12,154 New 435,300
MBIA INC COM 36,110 New 3,321,971
MICRON TECHNOLOGY INC COM 8,171 New 347,993
MURPHY OIL CORP COM 16,460 New 579,568