0000919574-12-000963.txt : 20120214 0000919574-12-000963.hdr.sgml : 20120214 20120213194549 ACCESSION NUMBER: 0000919574-12-000963 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20111231 FILED AS OF DATE: 20120214 DATE AS OF CHANGE: 20120213 EFFECTIVENESS DATE: 20120214 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: 12601691 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 d1259353_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 December 31, 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 February 14, 2012 ------------------------- --------------------- ---------------------- [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: 52 Form 13F Information Table Value Total: $1,981,852 (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 -------------- -------------- --------- -------- --------------------- ---------- -------- -------------------- VALUE SHS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MGRS SOLE SHARED NONE -------------- -------------- --------- -------- --------- --- ---- ---------- -------- ---- --------- ---- AEROPOSTALE COM 007865108 15,123 991,700 SH Defined 991,700 ALCOA INC COM 013817101 56,792 6,565,600 SH Defined 6,565,600 ALLSTATE CORP COM 020002101 68,742 2,507,900 SH Defined 2,507,900 AMERICAN INTL GROUP INC COM NEW 026874784 20,722 893,200 SH Defined 893,200 APPLIED MATLS INC COM 038222105 28,295 2,641,944 SH Defined 2,641,944 ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L104 22,617 1,243,400 SH Defined 1,243,400 ASSURED GUARANTY LTD COM G0585R106 92,071 7,006,953 SH Defined 7,006,953 AXIS CAPITAL HOLDINGS SHS G0692U109 45,163 1,413,100 SH Defined 1,413,100 BP PLC SPONSORED ADR 055622104 25,251 590,800 SH Defined 590,800 BANK OF AMERICA CORPORATION COM 060505104 19,645 3,533,300 SH Defined 3,533,300 BOSTON SCIENTIFIC CORP COM 101137107 71,053 13,305,756 SH Defined 13,305,756 BRUNSWICK CORP COM 117043109 20,263 1,122,000 SH Defined 1,122,000 CENVEO INC COM 15670S105 21,356 6,281,265 SH Defined 6,281,265 CIT GROUP INC COM NEW 125581801 8,718 250,000 CALL Defined 250,000 CORNING INC COM 219350105 36,916 2,844,030 SH Defined 2,844,030 DELL INC COM 24702R101 59,362 4,057,539 SH Defined 4,057,539 LILLY ELI & CO COM 532457108 32,787 788,900 SH Defined 788,900 LOCKHEED MARTIN CORP COM 539830109 24,270 300,000 CALL Defined 300,000 FLEXTRONICS INTL LTD ORD Y2573F102 30,856 5,451,579 SH Defined 5,451,579 HUNTINGTON INGALLS INDS INC COM 446413106 24,043 768,645 SH Defined 768,645 INTL PAPER CO COM 460146103 33,753 1,140,300 SH Defined 1,140,300 INTREPID POTASH INC COM 46121Y102 6,789 300,000 SH Defined 300,000 INTREPID POTASH INC COM 46121Y102 6,789 300,000 PUT Defined 300,000 INTREPID POTASH INC COM 46121Y102 11,315 500,000 CALL Defined 500,000 JPMORGAN CHASE & CO COM 46625H100 48,485 1,458,200 SH Defined 1,458,200 JONES GROUP INC COM 48020T101 23,969 2,271,907 SH Defined 2,271,907 KAPSTONE PAPER & PACKAGING C COM 48562P103 5,944 377,628 SH Defined 377,628 LOCKHEED MARTIN CORP COM 539830109 127,097 1,571,039 SH Defined 1,571,039 LOWES COS INC COM 548661107 37,032 1,459,095 SH Defined 1,459,095 MBIA INC COM 55262C100 87,458 7,545,959 SH Defined 7,545,959 MASCO CORP COM 574599106 37,059 3,536,200 SH Defined 3,536,200 MASCO CORP COM 574599106 14,238 1,358,600 CALL Defined 1,358,600 MERCK & CO INC NEW COM 58933Y105 76,765 2,036,206 SH Defined 2,036,206 NRG ENERGY INC COM NEW 629377508 20,456 1,128,900 SH Defined 1,128,900 NABORS INDUSTRIES LTD SHS G6359F103 13,549 781,400 SH Defined 781,400 PFIZER INC COM 717081103 63,087 2,915,300 SH Defined 2,915,300 QUAD / GRAPHICS INC COM CL A 747301109 33,588 2,342,265 SH Defined 2,342,265 DONNELLEY R R & SONS CO COM 257867101 97,913 6,785,364 SH Defined 6,785,364 RAYTHEON CO COM NEW 755111507 70,925 1,466,000 SH Defined 1,466,000 REGIONS FINANCIAL CORP NEW COM 7591EP100 68,768 15,992,484 SH Defined 15,992,484 SAFEWAY INC COM 786514208 55,727 2,648,600 SH Defined 2,648,600 SANMINA SCI CORP COM NEW 800907206 24,415 2,622,422 SH Defined 2,622,422 STARWOOD HOTELS&RESORTS WRLD COM 85590A401 7,196 150,000 PUT Defined 150,000 SUPERVALU INC COM 868536103 49,405 6,084,404 SH Defined 6,084,404 SUPERVALU INC COM 868536103 16,240 2,000,000 CALL Defined 2,000,000 TEREX CORP NEW COM 880779103 29,679 2,196,800 SH Defined 2,196,800 TRANSOCEAN LTD REG SHS H8817H100 30,117 784,500 SH Defined 784,500 VULCAN MATLS CO COM 929160109 7,870 200,000 PUT Defined 200,000 WELLPOINT INC COM 94973V107 29,775 449,437 SH Defined 449,437 WELLS FARGO & CO NEW COM 949746101 64,122 2,326,632 SH Defined 2,326,632 WESTERN UN CO COM 959802109 39,856 2,182,700 SH Defined 2,182,700 WHIRLPOOL CORP COM 963320106 18,427 388,343 SH Defined 388,343