ELM RIDGE MANAGEMENT, LLC Information

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

Report Date: 03/31/2015

Position Statistics

Total Positions 32
New Positions 2
Increased Positions 8
Decreased Positions 24
Positions with Activity 32
Sold Out Positions 4
Total Mkt Value (in $ millions) 582

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

Sector Weighting

Basic Materials 2.93%
Capital Goods 2.84%
Conglomerates
Consumer Cyclical
Consumer/Non-Cyclical 3.81%
Energy 20.96%
Financial 27.29%
Healthcare 9.39%
Services 26.98%
Technology 5.81%
Transportation
Utilities

32 Positions as of 03/31/2015

Company ▲ Class Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) Shares Held
ABERCROMBIE & FITCH CO CL A 9,352 -580 (5.84) 442,790
AEROPOSTALE COM 5,732 -359 (5.89) 3,202,283
ALCOA INC COM 17,069 -1,850 (9.78) 1,537,725
AMERICAN INTL GROUP INC COM NEW 30,084 -8,169 (21.36) 484,606
APACHE CORP COM 28,799 500 1.77 507,205
ASCENA RETAIL GROUP INC COM 28,145 -1,753 (5.86) 1,705,766
ASSURED GUARANTY LTD COM 37,383 -2,424 (6.09) 1,545,376
BOSTON SCIENTIFIC CORP COM -28,131 Sold Out 0
CARNIVAL CORP PAIRED CTF 28,452 -1,761 (5.83) 570,635
CITIGROUP INC COM NEW 22,380 -1,400 (5.89) 404,182
DEAN FOODS CO NEW COM NEW 22,162 -1,381 (5.87) 1,371,386
DENBURY RES INC COM NEW 22,292 4,417 24.71 3,823,717
DOMTAR CORP COM NEW -19,990 Sold Out 0
DONNELLEY R R & SONS CO COM 39,750 -3,029 (7.08) 2,304,325
FIFTH THIRD BANCORP COM 7,331 7,331 New 350,261
GOLDMAN SACHS GROUP INC COM 24,854 -1,555 (5.89) 118,806
INTERPUBLIC GROUP COS INC COM -17,334 Sold Out 0
JABIL CIRCUIT INC COM 19,325 -1,210 (5.89) 915,877
LILLY ELI & CO COM 30,793 -1,895 (5.8) 357,478
MBIA INC COM 24,499 -6,262 (20.36) 4,260,631