Elm Ridge Management, LLC

Registered adviser

CIK

1483276

Location

Irvington, NY

Portfolio Value

Micro $88,796,308

Diversification

Diversified

Filing Date

Global Rank

#6,972 / 7,434 ▼ 72 · as of Mar 2024

Top Industry

Oil & Gas E&P 26.0%

Period ended 2 years ago

Filed May 15, 2024 · 2y

17 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Nov 1, 2026

Form ADV adviser

CRD 154508

Roster of Nov 1, 2026

Regulatory AUM

$155,059,753

Main clients

Pooled investment vehicles (100% of AUM)

Private funds

1 fund · Hedge funds

Focus by fund count, roster of Nov 1, 2026

$155,059,753 gross assets

Private funds on Schedule D 7.B.(1)

As filed Mar 20, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$148,825,317 gross assets in 1 fund Hedge funds $148,825,317 (1)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Nov 2026	$155,059,753	Pooled investment vehicles (100%)
Apr 2025 to Mar 2026	$126,505,045	Pooled investment vehicles (100%)
Apr 2024 to Mar 2025	$148,825,317	Pooled investment vehicles (100%)
Oct 2023 to Mar 2024	$177,990,727	Pooled investment vehicles (100%)
Jun 2023	—	—
May 2023	$0	—

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Mar 31, 2024, never from the firm's own description.

Style

Diversified active

Top 10 weight 54.6%, 21.7 effective positions, active share 98.4% against the S&P MidCap 400 as of 2024-03-31; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Low turnover

14.4% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 12.8 quarters (12+), a floor since 42.9% of the book was already held when coverage starts

Closest benchmark: the S&P MidCap 400 as of 2024-03-31, active share 98.4%; sector active share 62.1% against the combined 13F book's sector weights.

Over time 17 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

27 tracked positions · as of Mar 31, 2024 · Δ vs Dec 31, 2023

Top Position

7.0%

−0.1 pts

Top 5

32.5%

+3.3 pts

Top 10

54.6%

+2.4 pts

HHI

460

Diversified+20

Portfolio Trend

17 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2024

Sector	% Portfolio	Value	Positions
Energy	36.2%	$32,125,602	10
Basic Materials	24.9%	$22,077,138	5
Financial Services	16.8%	$14,946,553	4
Industrials	11.3%	$10,015,949	2
Consumer Cyclical	9.2%	$8,204,815	3
Consumer Defensive	1.3%	$1,147,462	1
Technology	0.3%	$259,889	1
Unclassified	0.0%	$18,900	1

Last Quarter's Activity

Export CSV

Mar 31, 2024 vs Dec 31, 2023

Added To

Positions the filer increased

5 positions

Ticker	Company	Δ Shares	Shares	Value
DAN	DANA Inc	+42,636	192,099	$2,439,657
NWL	Newell Brands Inc.	+31,180	142,897	$1,147,462
MGY	Magnolia Oil & Gas Corp	+23,256	152,503	$3,957,452
EQT	EQT Corp	+13,173	90,188	$3,343,269
OMF	OneMain Holdings, Inc.	+11	109,776	$5,608,455
No positions match the current search.

Trimmed

Positions the filer reduced

10 positions

Ticker	Company	Δ Shares	Shares	Value
NOV	NOV Inc.	−23,231	160,402	$3,131,047
AR	ANTERO RESOURCES Corp	−18,367	127,517	$3,697,993
DVN	Devon Energy Corp	−16,471	65,065	$3,264,961
AER	AerCap Holdings N.V.	−14,954	71,954	$6,253,522
APA	APA Corp	−14,509	92,104	$3,166,535
AA	Alcoa Corp	−14,481	115,022	$3,886,593
VAL	Valaris Ltd	−13,509	43,464	$3,271,100
ADNT	Adient plc	−13,140	83,969	$2,764,259
ARCB	Arcbest Corp	−7,703	26,403	$3,762,427
SLVM	Sylvamo Corp	−3,925	94,562	$5,838,257
No positions match the current search.

New Positions

Positions the filer opened this quarter

1 positions

Ticker	Company	Shares	Value	Open
NTGR	Netgear, Inc.	16,480	$259,889
No positions match the current search.

Sold Out

Positions the filer fully exited

1 positions

Ticker	Company	Shares	Value	Open
COP	Conocophillips	29,233	$3,393,074
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

27 tracked positions · $88,796,308 total · filing declares 27 positions · $88,796,322 · as of Mar 31, 2024

All sectors Basic Materials Consumer Cyclical Consumer Defensive Energy Financial Services Industrials Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
AER	AerCap Holdings N.V. Industrials	Reduced	71,954	-14,954	$6,253,522	−3.2%	17+	before history	7.04%
SLVM	Sylvamo Corp Basic Materials	Reduced	94,562	-3,925	$5,838,257	+20.7%	10	$35.25	6.57%
C	Citigroup Inc Financial Services	Held	91,925	0	$5,813,337	+22.9%	17+	before history	6.55%
OMF	OneMain Holdings, Inc. Financial Services	Added	109,776	+11	$5,608,455	+3.9%	6	$37.96	6.32%
LYB	LyondellBasell Industries N.V. Basic Materials	Held	52,300	0	$5,349,244	+7.6%	17+	before history	6.02%
MT	ArcelorMittal Basic Materials	Held	156,189	0	$4,307,692	−2.9%	15	$23.58	4.85%
MGY	Magnolia Oil & Gas Corp Energy	Added	152,503	+23,256	$3,957,452	+43.8%	12	$15.47	4.46%
AA	Alcoa Corp Basic Materials	Reduced	115,022	-14,481	$3,886,593	−11.7%	17+	before history	4.38%
ARCB	Arcbest Corp Industrials	Reduced	26,403	-7,703	$3,762,427	−8.2%	3	$107.54	4.24%
AR	ANTERO RESOURCES Corp Energy	Reduced	127,517	-18,367	$3,697,993	+11.8%	10	$24.17	4.16%
SYF	Synchrony Financial Financial Services	Held	80,398	0	$3,466,761	+12.9%	3	$32.63	3.90%
EQT	EQT Corp Energy	Added	90,188	+13,173	$3,343,269	+12.3%	16	$19.09	3.77%
VAL	Valaris Ltd Energy	Reduced	43,464	-13,509	$3,271,100	−16.3%	9	$47.46	3.68%
DVN	Devon Energy Corp Energy	Reduced	65,065	-16,471	$3,264,961	−11.6%	12	$30.17	3.68%
APA	APA Corp Energy	Reduced	92,104	-14,509	$3,166,535	−17.2%	7	$41.30	3.57%
CNQ	CANADIAN NATURAL RESOURCES Ltd Energy	Held	41,326	0	$3,154,000	+16.5%	17+	before history	3.55%
NOV	NOV Inc. Energy	Reduced	160,402	-23,231	$3,131,047	−15.9%	13	$15.77	3.53%
LEA	Lear Corp Consumer Cyclical	Held	20,713	0	$3,000,899	+2.6%	17+	before history	3.38%
ADNT	Adient plc Consumer Cyclical	Reduced	83,969	-13,140	$2,764,259	−21.7%	17+	before history	3.11%
CC	Chemours Co Basic Materials	Held	102,641	0	$2,695,352	−16.7%	17+	before history	3.04%
NBR	Nabors Industries Ltd Energy	Held	30,374	0	$2,616,112	+5.5%	17+	before history	2.95%
RRC	Range Resources Corp Energy	Held	73,283	0	$2,523,133	+13.1%	17+	before history	2.84%
DAN	DANA Inc Consumer Cyclical	Added	192,099	+42,636	$2,439,657	+11.7%	15	$16.40	2.75%
NWL	Newell Brands Inc. Consumer Defensive	Added	142,897	+31,180	$1,147,462	+18.3%	3	$9.37	1.29%
NTGR	Netgear, Inc. Technology	NEW	16,480	NEW	$259,889	NEW	1	$14.56	0.29%
HLNE	Hamilton Lane INC PUT Financial Services	NEW	10,000	NEW	$58,000	NEW	—	—	0.07%
SOXX	iShares Semiconductor ETF PUT	NEW	12,000	NEW	$18,900	NEW	—	—	0.02%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.