0000919574-11-004763.txt : 20110815
0000919574-11-004763.hdr.sgml : 20110815
20110815104656
ACCESSION NUMBER: 0000919574-11-004763
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20110630
FILED AS OF DATE: 20110815
DATE AS OF CHANGE: 20110815
EFFECTIVENESS DATE: 20110815
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: Elm Ridge Management, LLC
CENTRAL INDEX KEY: 0001483276
IRS NUMBER: 000000000
STATE OF INCORPORATION: DE
FILING VALUES:
FORM TYPE: 13F-HR
SEC ACT: 1934 Act
SEC FILE NUMBER: 028-13787
FILM NUMBER: 111033913
BUSINESS ADDRESS:
STREET 1: 3 WEST MAIN STREET, 3RD FLOOR
CITY: IRVINGTON
STATE: NY
ZIP: 10533
BUSINESS PHONE: (914) 250-1000
MAIL ADDRESS:
STREET 1: 3 WEST MAIN STREET, 3RD FLOOR
CITY: IRVINGTON
STATE: NY
ZIP: 10533
13F-HR
1
d1213361_13f-hr.txt
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F Cover Page
Report for the Calendar Year or Quarter Ended June 30, 2011
Check here if Amendment: |_|; Amendment Number: ____
This Amendment (Check only one): |_| is a restatement
|_| adds new holding entries.
Institutional Manager Filing this Report:
Name: Elm Ridge Management, LLC
Address: 3 West Main Street
2nd Floor
Irvington, NY 10533
13F File Number: 028-13787
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Jed Bowen
Title: Chief Financial Officer of the Funds
Phone: (914) 250-1000
Signature, Place and Date of Signing:
/s/ Jed Bowen Irvington, NY August 15, 2011
------------------------- --------------------- ----------------------
[Signature] [City, State] [Date]
Report Type: (Check only one):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting
manager are reported in this report).
[_] 13F NOTICE. (Check here if no holdings reported are in this report,
and all holdings are reported by other reporting managers(s).)
[_] 13F COMBINATION REPORT. (Check here if a portion of the holdings for
this reporting manager are reported in this report and a portion are
reported by other reporting manager(s).)
List of Other Managers Reporting for this Manager: NONE
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 3
Form 13F Information Table Entry Total: 73
Form 13F Information Table Value Total: $3,111,515
(in thousands)
List of Other Included Managers:
Form 13F File Number Name
(1) 028- 12044 Elm Ridge Partners, LLC
(2) 028- 11797 Elm Ridge Offshore Master Fund, Ltd.
(3) 028- 10075 Elm Ridge Capital Management, LLC
--------------------------------------------------------------------
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
TITLE VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER OF CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
-------------- --------- ------ --------- -------- ---- ---- ----------- --------- ----- ------- ----
AETNA INC NEW COM 00817Y108 51,481 1,167,626 SH Defined 1,2,3 1,167,626
ALCOA INC COM 013817101 67,798 4,274,800 SH Defined 1,2,3 4,274,800
ALLSTATE CORP COM 020002101 63,109 2,067,100 SH Defined 1,2,3 2,067,100
ALPHA NATURAL RESOURCES INC COM 02076X102 4,544 100,000 PUT Defined 1,2,3 100,000
AMGEN INC COM 031162100 26,222 449,400 SH Defined 1,2,3 449,400
AMGEN INC COM 031162100 11,670 200,000 CALL Defined 1,2,3 200,000
APARTMENT INVT & MGMT CO CL A 03748R101 12,765 500,000 CALL Defined 1,2,3 500,000
APPLIED MATLS INC COM 038222105 58,935 4,529,944 SH Defined 1,2,3 4,529,944
ASSURED GUARANTY LTD COM G0585R106 104,734 6,421,450 SH Defined 1,2,3 6,421,450
AVALONBAY CMNTYS INC COM 053484101 24,396 190,000 CALL Defined 1,2,3 190,000
AXIS CAPITAL HOLDINGS SHS G0692U109 47,976 1,549,600 SH Defined 1,2,3 1,549,600
BOSTON SCIENTIFIC CORP COM 101137107 51,381 7,435,756 SH Defined 1,2,3 7,435,756
CB RICHARD ELLIS GROUP INC CL A 12497T101 23,855 950,000 PUT Defined 1,2,3 950,000
CENVEO INC COM 15670S105 36,040 5,631,265 SH Defined 1,2,3 5,631,265
CHIPOTLE MEXICAN GRILL INC COM 169656105 30,819 100,000 PUT Defined 1,2,3 100,000
CISCO SYS INC COM 17275R102 64,240 4,115,300 SH Defined 1,2,3 4,115,300
CIT GROUP INC COM NEW 125581801 22,130 500,000 CALL Defined 1,2,3 500,000
CLIFFS NATURAL RESOURCES INC COM 18683K101 13,867 150,000 SH Defined 1,2,3 150,000
CLIFFS NATURAL RESOURCES INC COM 18683K101 23,113 250,000 PUT Defined 1,2,3 250,000
COSTAR GROUP INC COM 22160N109 12,182 205,500 SH Defined 1,2,3 205,500
COSTAR GROUP INC COM 22160N109 5,335 90,000 PUT Defined 1,2,3 90,000
DELL INC COM 24702R101 25,193 1,511,295 SH Defined 1,2,3 1,511,295
DONNELLEY R R & SONS CO COM 257867101 103,925 5,299,569 SH Defined 1,2,3 5,299,569
FIDELITY NATIONAL FINANCIAL CL A 31620R105 62,434 3,966,600 SH Defined 1,2,3 3,966,600
FLEXTRONICS INTL LTD ORD Y2573F102 46,923 7,308,900 SH Defined 1,2,3 7,308,900
FLEXTRONICS INTL LTD ORD Y2573F102 6,420 1,000,000 CALL Defined 1,2,3 1,000,000
GREEN MTN COFFEE ROASTERS IN COM 393122106 71,408 800,000 PUT Defined 1,2,3 800,000
GREEN MTN COFFEE ROASTERS IN COM 393122106 16,067 180,000 CALL Defined 1,2,3 180,000
HEWLETT PACKARD CO COM 428236103 64,879 1,782,400 SH Defined 1,2,3 1,782,400
HOME DEPOT INC COM 437076102 55,134 1,522,200 SH Defined 1,2,3 1,522,200
HUNTINGTON INGALLS INDS INC COM 446413106 10,852 314,545 SH Defined 1,2,3 314,545
INTL PAPER CO COM 460146103 30,142 1,010,800 SH Defined 1,2,3 1,010,800
INTREPID POTASH INC COM 46121Y102 32,500 1,000,000 CALL Defined 1,2,3 1,000,000
ISHARES TR RUSSEL 2000 464287655 207,000 2,500,000 PUT Defind 1,2,3 2,500,000
JABIL CIRCUIT INC COM 466313103 17,563 869,468 SH Defined 1,2,3 869,468
JONES GROUP INC COM 48020T101 27,327 2,518,607 SH Defined 1,2,3 2,518,607
KAPSTONE PAPER & PACKAGING C COM 48562P103 30,032 1,812,426 SH Defined 1,2,3 1,812,426
LILLY ELI & CO COM 532457108 56,201 1,497,500 SH Defined 1,2,3 1,497,500
LIZ CLAIBORNE INC COM 539320101 17,844 3,335,376 SH Defined 1,2,3 3,335,376
LOCKHEED MARTIN CORP COM 539830109 98,978 1,222,400 SH Defined 1,2,3 1,222,400
LOCKHEED MARTIN CORP COM 539830109 12,146 150,000 CALL Defined 1,2,3 150,000
LOWES COS INC COM 548661107 59,082 2,534,630 SH Defined 1,2,3 2,534,630
MACYS INC COM 55616P104 13,521 462,400 SH Defined 1,2,3 462,400
MARRIOTT INTL INC NEW CL A 571903202 24,843 700,000 PUT Defined 1,2,3 700,000
MASCO CORP COM 574599106 48,116 3,999,669 SH Defined 1,2,3 3,999,669
MASCO CORP COM 574599106 4,314 358,600 CALL Defined 1,2,3 358,600
MBIA INC COM 55262C100 74,554 8,579,251 SH Defined 1,2,3 8,579,251
MERCK & CO INC NEW COM 58933Y105 61,733 1,749,306 SH Defined 1,2,3 1,749,306
MGM RESORTS INTERNATIONAL COM 552953101 6,605 500,000 PUT Defined 1,2,3 500,000
MICROSOFT CORP COM 594918104 63,250 2,432,700 SH Defined 1,2,3 2,432,700
NORTHROP GRUMMAN CORP COM 666807102 41,269 595,077 SH Defined 1,2,3 595,077
NRG ENERGY INC COM NEW 629377508 21,457 872,941 SH Defined 1,2,3 872,941
PFIZER INC COM 717081103 75,785 3,678,900 SH Defined 1,2,3 3,678,900
QUAD / GRAPHICS INC COM CL A 747301109 28,990 746,014 SH Defined 1,2,3 746,014
RAYTHEON CO COM NEW 755111507 50,832 1,019,700 SH Defined 1,2,3 1,019,700
RAYTHEON CO COM NEW 755111507 9,970 200,000 CALL Defined 1,2,3 200,000
REGIONS FINANCIAL CORP NEW COM 7591EP100 75,532 12,182,568 SH Defined 1,2,3 12,182,568
SAFEWAY INC COM NEW 786514208 28,621 1,224,700 SH Defined 1,2,3 1,224,700
SANMINA SCI CORP COM 800907206 46,871 4,537,366 SH Defined 1,2,3 4,537,366
SANOFI SPONSORED ADR 80105N105 40,518 1,008,666 SH Defined 1,2,3 1,008,666
STARWOOD PPTY TR INC COM 85571B105 8,406 150,000 PUT Defined 1,2,3 150,000
STERICYCLE INC COM 858912108 17,824 200,000 PUT Defined 1,2,3 200,000
SUPERVALU INC COM 868536103 49,162 5,224,451 SH Defined 1,2,3 5,224,451
SUPERVALU INC COM 868536103 23,525 2,500,000 CALL Defined 1,2,3 2,500,000
TEMPLE INLAND INC COM 879868107 59,831 2,011,819 SH Defined 1,2,3 2,011,819
TEMPUR PEDIC INTL INC COM 88023U101 77,993 1,150,000 PUT Defined 1,2,3 1,150,000
TRANSATLANTIC HLDGS INC COM 893521104 81,551 1,663,969 SH Defined 1,2,3 1,663,969
US BANCORP DEL COM NEW 902973304 43,007 1,685,900 SH Defined 1,2,3 1,685,900
WAL MART STORES INC COM 931142103 66,218 1,246,100 SH Defined 1,2,3 1,246,100
WALTER ENERGY INC COM 93317Q105 17,370 150,000 PUT Defined 1,2,3 150,000
WELLS FARGO & CO NEW COM 949746101 73,874 2,632,700 SH Defined 1,2,3 2,632,700
WHIRLPOOL CORP COM 963320106 37,846 465,400 SH Defined 1,2,3 465,400
WHIRLPOOL CORP COM 963320106 29,487 362,600 CALL Defined 1,2,3 362,600
SK 03563 0006 1213361