# Elm Ridge Management, LLC

> Elm Ridge Management, LLC is an SEC-registered investment advisory firm in Briarcliff Manor, NY, registered since 2023, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 20, 2026.

- CRD: 154508
- Filed as: ELM RIDGE MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Briarcliff Manor, NY
- Filing period: October 2026
- Form ADV filing dated: March 20, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/154508
- AdvisorCensus page: https://advisorcensus.com/firm/elm-ridge-management-llc-briarcliff-manor-ny-154508

## Quick answers

**How is Elm Ridge Management, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Elm Ridge Management, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**How much does Elm Ridge Management, LLC charge?**
Its Form ADV Part 2A brochure dated March 20, 2026 states: Asset-based fee: 1% to 1.5% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Elm Ridge Management, LLC located?**
Elm Ridge Management, LLC's principal office is in Briarcliff Manor, NY, according to its Form ADV.

**Is Elm Ridge Management, LLC registered with the SEC or a state?**
Elm Ridge Management, LLC is an SEC-registered investment advisory firm, registered since 2023. Status as filed: Approved. CRD 154508.

**How much does Elm Ridge Management, LLC manage?**
Elm Ridge Management, LLC reports $155,059,753 in regulatory assets under management in its Form ADV filing dated March 20, 2026 (100% discretionary).

**How have Elm Ridge Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for Elm Ridge Management, LLC: Regulatory assets under management: $177,990,727 in the October 2023 data and $155,059,753 in the October 2026 data, down 13%. Total employees: 2 in October 2023 and 2 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Elm Ridge Management, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (1).

**Does Elm Ridge Management, LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/154508

**What changed in Elm Ridge Management, LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $126,505,045 to $155,059,753 (+23%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Fees and minimums (Form ADV Part 2A brochure dated March 20, 2026)

- Asset-based fee: 1% to 1.5% a year (a range, as the brochure states it)

> The Adviser charges the Fund an investment management fee ranging from 1% to 1.5% annually based on the value of the Fund's assets under management.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Regulatory assets under management (Item 5.F)
- Total: $155,059,753
- Discretionary: $155,059,753
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $155,059,753 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2023 (3 years)
- Employees: 2 total, 2 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [elmridgemanagement.com](https://elmridgemanagement.com)

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | Not reported | Not reported | March 10, 2021 |
| October 2022 | Not reported | Not reported | March 8, 2022 |
| October 2023 | $177,990,727 | 2 | September 27, 2023 |
| October 2024 | $148,825,317 | 2 | March 20, 2024 |
| October 2025 | $126,505,045 | 2 | March 18, 2025 |
| October 2026 | $155,059,753 | 2 | March 20, 2026 |

Regulatory assets under management: $177,990,727 in the October 2023 data and $155,059,753 in the October 2026 data, down 13%.
Total employees: 2 in October 2023 and 2 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $126,505,045 to $155,059,753 (+23%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Elm Ridge Management, LLC (CRD 154508): Form ADV filing data as of October 2026.