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) 780

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

Sector Weighting

Basic Materials 7.46%
Capital Goods 5.2%
Conglomerates
Consumer Cyclical
Consumer/Non-Cyclical 3.18%
Energy 4.76%
Financial 30.32%
Healthcare 13.13%
Services 25.81%
Technology 10.14%
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 -10,097 Sold Out 0
AEROPOSTALE COM 10,319 3,913 61.09 3,698,598
ALCOA INC COM 37,469 -604 (1.59) 2,330,159
AMERICAN INTL GROUP INC COM NEW 34,819 113 .33 679,932
ANTHEM INC COM 36,240 118 .33 261,285
APACHE CORP COM 17,830 58 .33 276,563
APPLIED MATLS INC COM -17,958 Sold Out 0
ASCENA RETAIL GROUP INC COM 22,980 12,863 127.16 1,940,858
ASSURED GUARANTY LTD COM 55,468 7,605 15.89 2,166,717
BOSTON SCIENTIFIC CORP COM 35,243 8,945 34.01 2,355,788
CARNIVAL CORP PAIRED CTF 19,472 63 .33 416,424
CITIGROUP INC COM NEW 23,169 75 .33 473,896
CORNING INC COM 18,157 -6,766 (27.15) 759,391
DEAN FOODS CO NEW COM NEW 24,837 24,837 New 1,292,930
DOMTAR CORP COM NEW 20,728 5,937 40.14 531,763
DONNELLEY R R & SONS CO COM 44,714 -6,479 (12.66) 2,669,509
FAIRCHILD SEMICONDUCTOR INTL COM -18,260 Sold Out 0
GOLDMAN SACHS GROUP INC COM 25,132 82 .33 139,298
INTERPUBLIC GROUP COS INC COM 28,127 91 .33 1,355,513
INTL PAPER CO COM -17,093 Sold Out 0