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