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) 745

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

Sector Weighting

Basic Materials 6.2%
Capital Goods 1.87%
Conglomerates
Consumer Cyclical
Consumer/Non-Cyclical 3.18%
Energy 20.39%
Financial 25.44%
Healthcare 10.62%
Services 27.35%
Technology 4.95%
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 -38,291 Sold Out 0
CORNING INC COM -18,795 Sold Out 0
LOCKHEED MARTIN CORP COM -41,285 Sold Out 0
ON SEMICONDUCTOR CORP COM -27,681 Sold Out 0
RESTORATION HARDWARE HLDGS INC COM -7,144 Sold Out 0
GOLDMAN SACHS GROUP INC COM 23,944 -2,477 (9.37) 126,240
LILLY ELI & CO COM 26,810 -14,655 (35.34) 379,479
ROYAL DUTCH SHELL PLC SPONS ADR A 26,657 26,657 New 423,659
CITIGROUP INC COM NEW 23,050 -2,384 (9.37) 429,474
MERCK & CO INC NEW COM 25,426 2,483 10.82 439,292
POPULAR INC COM NEW 15,483 -1,601 (9.37) 442,499
ABERCROMBIE & FITCH CO CL A 9,532 9,532 New 470,253
DOMTAR CORP COM NEW 21,320 -2,205 (9.37) 481,915
MURPHY OIL CORP COM 24,519 24,519 New 490,567
APACHE CORP COM 33,159 14,759 80.21 498,403
TEREX CORP NEW COM 13,915 13,915 New 528,274
CARNIVAL CORP PAIRED CTF 27,019 8,451 45.51 605,945
AMERICAN INTL GROUP INC COM NEW 34,125 -3,530 (9.37) 616,196
NEWFIELD EXPL CO COM 24,859 10,007 67.38 749,216
RENT A CTR INC NEW COM 21,064 1,051 5.25 774,684