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