Q3 2025 · 13F-HR
Elm Partners Management LLCholdings as filed
Filed 2025-11-04 · accession 0001172661-25-004578
$2.00B
Reported value
149
Positions
2025-09-30
Period end
The Brief · Elm Partners Management LLC · Q3 2025
AI · grounded in 13F
Elm Partners Management LLC established a new position in VTI valued at $308.9M. The fund also initiated new stakes in VWO for $222.2M and ELM for $165.3M. Additional new positions include VGK at $150.9M and SCHP at $148.4M. Total assets under management stand at $2.0B across 147 positions.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 922908769 | VTI | VANGUARD INDEX FDS | $308.9M | 15.4% | 941,228 | Common | NONE |
| 922042858 | VWO | VANGUARD INTL EQUITY INDEX F | $222.2M | 11.1% | 4,100,547 | Common | NONE |
| 81752T429 | ELM | SERIES PORTFOLIOS TR | $165.3M | 8.26% | 6,048,885 | Common | NONE |
| 922042874 | VGK | VANGUARD INTL EQUITY INDEX F | $150.9M | 7.54% | 1,890,674 | Common | NONE |
| 808524870 | SCHP | SCHWAB STRATEGIC TR | $148.4M | 7.41% | 5,506,675 | Common | NONE |
| 46434G103 | IEMG | ISHARES INC | $99.0M | 4.94% | 1,501,164 | Common | NONE |
| 922042866 | VPL | VANGUARD INTL EQUITY INDEX F | $98.8M | 4.94% | 1,125,155 | Common | NONE |
| 46436E718 | SGOV | ISHARES TR | $81.1M | 4.05% | 805,218 | Common | NONE |
| 46434V738 | IEUR | ISHARES TR | $71.1M | 3.55% | 1,044,161 | Common | NONE |
| 464287150 | ITOT | ISHARES TR | $59.8M | 2.99% | 410,381 | Common | NONE |
| 922908363 | VOO | VANGUARD INDEX FDS | $55.5M | 2.77% | 90,620 | Common | NONE |
| 92206C102 | VGSH | VANGUARD SCOTTSDALE FDS | $49.4M | 2.47% | 840,034 | Common | NONE |
| 46429B747 | STIP | ISHARES TR | $45.9M | 2.29% | 443,839 | Common | NONE |
| 921937835 | BND | VANGUARD BD INDEX FDS | $42.4M | 2.12% | 570,315 | Common | NONE |
| 46641Q191 | BBEU | J P MORGAN EXCHANGE TRADED F | $34.9M | 1.74% | 500,790 | Common | NONE |
| 46434V696 | IPAC | ISHARES TR | $34.8M | 1.74% | 473,347 | Common | NONE |
| 78463X509 | SPEM | SPDR INDEX SHS FDS | $33.2M | 1.66% | 709,547 | Common | NONE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $24.7M | 1.24% | 132,503 | Common | NONE |
| 46641Q225 | BBCA | J P MORGAN EXCHANGE TRADED F | $24.1M | 1.20% | 275,880 | Common | NONE |
| 922908744 | VTV | VANGUARD INDEX FDS | $21.4M | 1.07% | 114,943 | Common | NONE |
| 922908751 | VB | VANGUARD INDEX FDS | $19.6M | 0.98% | 77,009 | Common | NONE |
| 464287226 | AGG | ISHARES TR | $18.2M | 0.91% | 181,911 | Common | NONE |
| 808524847 | SCHH | SCHWAB STRATEGIC TR | $12.2M | 0.61% | 564,041 | Common | NONE |
| 464287200 | IVV | ISHARES TR | $9.8M | 0.49% | 14,700 | Common | NONE |
| 922907746 | VTEB | VANGUARD MUN BD FDS | $6.8M | 0.34% | 134,823 | Common | NONE |
| 037833100 | AAPL | APPLE INC | $6.3M | 0.32% | 24,783 | Common | NONE |
| 922908553 | VNQ | VANGUARD INDEX FDS | $6.1M | 0.30% | 66,243 | Common | NONE |
| 464286509 | EWC | ISHARES INC | $5.9M | 0.29% | 115,833 | Common | NONE |
| 595112103 | MU | MICRON TECHNOLOGY INC | $5.5M | 0.28% | 33,000 | CALL | NONE |
| 464288414 | MUB | ISHARES TR | $5.3M | 0.27% | 50,152 | Common | NONE |
| 25434V401 | DFUS | DIMENSIONAL ETF TRUST | $5.1M | 0.26% | 70,637 | Common | NONE |
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $4.7M | 0.24% | 7,063 | Common | NONE |
| 084670108 | BRK/A | BERKSHIRE HATHAWAY INC DEL | $4.5M | 0.23% | 6 | Common | NONE |
| 464287663 | IUSV | ISHARES TR | $4.5M | 0.23% | 45,162 | Common | NONE |
| 22788C105 | CRWD | CROWDSTRIKE HLDGS INC | $4.5M | 0.22% | 9,094 | Common | NONE |
| 464287614 | IWF | ISHARES TR | $3.7M | 0.18% | 7,849 | Common | NONE |
| 808524805 | SCHF | SCHWAB STRATEGIC TR | $3.6M | 0.18% | 154,882 | Common | NONE |
| 92204A702 | VGT | VANGUARD WORLD FD | $3.5M | 0.18% | 4,720 | Common | NONE |
| 81369Y803 | XLK | SELECT SECTOR SPDR TR | $3.2M | 0.16% | 11,417 | Common | NONE |
| 921943858 | VEA | VANGUARD TAX-MANAGED FDS | $3.1M | 0.16% | 52,366 | Common | NONE |
| 78464A854 | SPYM | SPDR SERIES TRUST | $3.1M | 0.15% | 39,098 | Common | NONE |
| 532457108 | LLY | ELI LILLY & CO | $3.0M | 0.15% | 3,901 | Common | NONE |
| 459200101 | IBM | INTERNATIONAL BUSINESS MACHS | $2.9M | 0.15% | 10,375 | Common | NONE |
| 92537N108 | VRT | VERTIV HOLDINGS CO | $2.9M | 0.14% | 19,053 | Common | NONE |
| 007903107 | AMD | ADVANCED MICRO DEVICES INC | $2.8M | 0.14% | 17,500 | CALL | NONE |
| 594918104 | MSFT | MICROSOFT CORP | $2.7M | 0.14% | 5,295 | Common | NONE |
| 92204A405 | VFH | VANGUARD WORLD FD | $2.7M | 0.14% | 20,825 | Common | NONE |
| 92204A108 | VCR | VANGUARD WORLD FD | $2.6M | 0.13% | 6,678 | Common | NONE |
| 808524102 | SCHB | SCHWAB STRATEGIC TR | $2.4M | 0.12% | 94,412 | Common | NONE |
| 464287804 | IJR | ISHARES TR | $2.4M | 0.12% | 20,289 | Common | NONE |
| 19247G107 | COHR | COHERENT CORP | $2.2M | 0.11% | 20,000 | CALL | NONE |
| 19247G107 | COHR | COHERENT CORP | $2.2M | 0.11% | 19,998 | Common | NONE |
| 64110L106 | NFLX | NETFLIX INC | $2.1M | 0.11% | 1,783 | Common | NONE |
| 11271J107 | BN | BROOKFIELD CORP | $2.1M | 0.11% | 46,541 | Common | NONE |
| 92204A884 | VOX | VANGUARD WORLD FD | $2.0M | 0.10% | 10,756 | Common | NONE |
| 02079K305 | GOOGL | ALPHABET INC | $1.8M | 0.09% | 7,487 | Common | NONE |
| 023135106 | AMZN | AMAZON COM INC | $1.6M | 0.08% | 7,246 | Common | NONE |
| 464287408 | IVE | ISHARES TR | $1.6M | 0.08% | 7,697 | Common | NONE |
| 75513E101 | RTX | RTX CORPORATION | $1.6M | 0.08% | 9,299 | Common | NONE |
| 81369Y605 | XLF | SELECT SECTOR SPDR TR | $1.5M | 0.08% | 28,739 | Common | NONE |
| 92204A603 | VIS | VANGUARD WORLD FD | $1.5M | 0.07% | 4,909 | Common | NONE |
| 35473P827 | FLCA | FRANKLIN TEMPLETON ETF TR | $1.4M | 0.07% | 30,759 | Common | NONE |
| 92204A504 | VHT | VANGUARD WORLD FD | $1.4M | 0.07% | 5,217 | Common | NONE |
| 921909768 | VXUS | VANGUARD STAR FDS | $1.3M | 0.07% | 18,348 | Common | NONE |
| 007903107 | AMD | ADVANCED MICRO DEVICES INC | $1.2M | 0.06% | 7,702 | Common | NONE |
| 46625H100 | JPM | JPMORGAN CHASE & CO. | $1.2M | 0.06% | 3,910 | Common | NONE |
| 11135F101 | AVGO | BROADCOM INC | $1.2M | 0.06% | 3,631 | Common | NONE |
| 26441C204 | DUK | DUKE ENERGY CORP NEW | $1.1M | 0.06% | 9,171 | Common | NONE |
| 46432F842 | IEFA | ISHARES TR | $1.1M | 0.06% | 12,794 | Common | NONE |
| 00287Y109 | ABBV | ABBVIE INC | $1.1M | 0.05% | 4,546 | Common | NONE |
| 81369Y704 | XLI | SELECT SECTOR SPDR TR | $1.1M | 0.05% | 6,823 | Common | NONE |
| 30303M102 | META | META PLATFORMS INC | $974,949 | 0.05% | 1,328 | Common | NONE |
| 922908611 | VBR | VANGUARD INDEX FDS | $964,636 | 0.05% | 4,622 | Common | NONE |
| 22160K105 | COST | COSTCO WHSL CORP NEW | $961,731 | 0.05% | 1,039 | Common | NONE |
| 084670702 | BRK/B | BERKSHIRE HATHAWAY INC DEL | $909,620 | 0.05% | 1,809 | Common | NONE |
| 808524607 | SCHA | SCHWAB STRATEGIC TR | $904,040 | 0.05% | 32,403 | Common | NONE |
| 922908736 | VUG | VANGUARD INDEX FDS | $816,935 | 0.04% | 1,703 | Common | NONE |
| 68389X105 | ORCL | ORACLE CORP | $813,435 | 0.04% | 2,892 | Common | NONE |
| 25746U109 | D | DOMINION ENERGY INC | $799,981 | 0.04% | 13,078 | Common | NONE |
| 81369Y852 | XLC | SELECT SECTOR SPDR TR | $782,071 | 0.04% | 6,607 | Common | NONE |
| 921908844 | VIG | VANGUARD SPECIALIZED FUNDS | $774,469 | 0.04% | 3,589 | Common | NONE |
| 88160R101 | TSLA | TESLA INC | $742,238 | 0.04% | 1,669 | Common | NONE |
| 464287671 | IUSG | ISHARES TR | $686,922 | 0.03% | 4,175 | Common | NONE |
| 512807306 | LRCX | LAM RESEARCH CORP | $670,839 | 0.03% | 5,010 | Common | NONE |
| 464287101 | OEF | ISHARES TR | $662,019 | 0.03% | 1,989 | Common | NONE |
| 78468R663 | BIL | SPDR SERIES TRUST | $641,495 | 0.03% | 6,992 | Common | NONE |
| 922908512 | VOE | VANGUARD INDEX FDS | $625,456 | 0.03% | 3,583 | Common | NONE |
| 81369Y209 | XLV | SELECT SECTOR SPDR TR | $618,750 | 0.03% | 4,446 | Common | NONE |
| 30231G102 | XOM | EXXON MOBIL CORP | $618,733 | 0.03% | 5,488 | Common | NONE |
| 570535104 | MKL | MARKEL GROUP INC | $571,497 | 0.03% | 299 | Common | NONE |
| 816851109 | SRE | SEMPRA | $570,653 | 0.03% | 6,342 | Common | NONE |
| 464287648 | IWO | ISHARES TR | $556,230 | 0.03% | 1,738 | Common | NONE |
| 92840M102 | VST | VISTRA CORP | $548,853 | 0.03% | 2,801 | Common | NONE |
| 464287655 | IWM | ISHARES TR | $546,346 | 0.03% | 2,258 | Common | NONE |
| 464287309 | IVW | ISHARES TR | $531,312 | 0.03% | 4,401 | Common | NONE |
| G29183103 | ETN | EATON CORP PLC | $498,501 | 0.02% | 1,332 | Common | NONE |
| 67103H107 | ORLY | OREILLY AUTOMOTIVE INC | $496,465 | 0.02% | 4,605 | Common | NONE |
| 060505104 | BAC | BANK AMERICA CORP | $460,957 | 0.02% | 8,935 | Common | NONE |
| 742718109 | PG | PROCTER AND GAMBLE CO | $454,197 | 0.02% | 2,956 | Common | NONE |
| 92826C839 | V | VISA INC | $446,243 | 0.02% | 1,307 | Common | NONE |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $425,917 | 0.02% | 1,525 | Common | NONE |
| G54950103 | LIN | LINDE PLC | $413,729 | 0.02% | 871 | Common | NONE |
| 464287630 | IWN | ISHARES TR | $402,420 | 0.02% | 2,276 | Common | NONE |
| 92204A207 | VDC | VANGUARD WORLD FD | $396,469 | 0.02% | 1,855 | Common | NONE |
| 922042775 | VEU | VANGUARD INTL EQUITY INDEX F | $394,427 | 0.02% | 5,526 | Common | NONE |
| 931142103 | WMT | WALMART INC | $389,796 | 0.02% | 3,782 | Common | NONE |
| 81369Y407 | XLY | SELECT SECTOR SPDR TR | $368,806 | 0.02% | 1,539 | Common | NONE |
| 464287598 | IWD | ISHARES TR | $362,331 | 0.02% | 1,779 | Common | NONE |
| 808524409 | SCHV | SCHWAB STRATEGIC TR | $355,608 | 0.02% | 12,215 | Common | NONE |
| 92203J407 | BNDX | VANGUARD CHARLOTTE FDS | $355,478 | 0.02% | 7,187 | Common | NONE |
| 464287176 | TIP | ISHARES TR | $352,227 | 0.02% | 3,166 | Common | NONE |
| 81369Y886 | XLU | SELECT SECTOR SPDR TR | $345,875 | 0.02% | 3,966 | Common | NONE |
| 548661107 | LOW | LOWES COS INC | $333,994 | 0.02% | 1,329 | Common | NONE |
| N07059210 | ASML | ASML HOLDING N V | $330,746 | 0.02% | 341 | Common | NONE |
| 149123101 | CAT | CATERPILLAR INC | $330,707 | 0.02% | 693 | Common | NONE |
| 92204A801 | VAW | VANGUARD WORLD FD | $323,269 | 0.02% | 1,578 | Common | NONE |
| 92204A306 | VDE | VANGUARD WORLD FD | $319,055 | 0.02% | 2,535 | Common | NONE |
| 921946885 | VWOB | VANGUARD WHITEHALL FDS | $318,110 | 0.02% | 4,754 | Common | NONE |
| 464285204 | IAU | ISHARES GOLD TR | $313,930 | 0.02% | 4,314 | Common | NONE |
| 57636Q104 | MA | MASTERCARD INCORPORATED | $313,039 | 0.02% | 550 | Common | NONE |
| 464287606 | IJK | ISHARES TR | $307,712 | 0.02% | 3,209 | Common | NONE |
| 539830109 | LMT | LOCKHEED MARTIN CORP | $304,518 | 0.02% | 610 | Common | NONE |
| 670100205 | NVO | NOVO-NORDISK A S | $293,630 | 0.01% | 5,330 | Common | NONE |
| 375558103 | GILD | GILEAD SCIENCES INC | $285,608 | 0.01% | 2,573 | Common | NONE |
| 032095101 | APH | AMPHENOL CORP NEW | $278,685 | 0.01% | 2,252 | Common | NONE |
| 91913Y100 | VLO | VALERO ENERGY CORP | $275,821 | 0.01% | 1,620 | Common | NONE |
| 38141G104 | GS | GOLDMAN SACHS GROUP INC | $273,952 | 0.01% | 344 | Common | NONE |
| 46435G243 | SUSB | ISHARES TR | $273,829 | 0.01% | 10,819 | Common | NONE |
| 464287473 | IWS | ISHARES TR | $271,817 | 0.01% | 1,946 | Common | NONE |
| 808524201 | SCHX | SCHWAB STRATEGIC TR | $270,186 | 0.01% | 10,257 | Common | NONE |
| 580135101 | MCD | MCDONALDS CORP | $268,946 | 0.01% | 885 | Common | NONE |
| 46090E103 | QQQ | INVESCO QQQ TR | $265,117 | 0.01% | 441 | Common | NONE |
| 92206C409 | VCSH | VANGUARD SCOTTSDALE FDS | $260,172 | 0.01% | 3,255 | Common | NONE |
| 78464A508 | SPYV | SPDR SERIES TRUST | $258,612 | 0.01% | 4,674 | Common | NONE |
| 69608A108 | PLTR | PALANTIR TECHNOLOGIES INC | $244,625 | 0.01% | 1,341 | Common | NONE |
| 718172109 | PM | PHILIP MORRIS INTL INC | $243,462 | 0.01% | 1,501 | Common | NONE |
| 883556102 | TMO | THERMO FISHER SCIENTIFIC INC | $242,770 | 0.01% | 500 | Common | NONE |
| 254687106 | DIS | DISNEY WALT CO | $240,794 | 0.01% | 2,103 | Common | NONE |
| 37954Y871 | URA | GLOBAL X FDS | $223,429 | 0.01% | 4,687 | Common | NONE |
| 78463V107 | GLD | SPDR GOLD TR | $214,704 | 0.01% | 603 | Common | NONE |
| 464287705 | IJJ | ISHARES TR | $212,122 | 0.01% | 1,635 | Common | NONE |
| 65339F101 | NEE | NEXTERA ENERGY INC | $207,899 | 0.01% | 2,754 | Common | NONE |
| 92532F100 | VRTX | VERTEX PHARMACEUTICALS INC | $207,569 | 0.01% | 530 | Common | NONE |
| 036752103 | ELV | ELEVANCE HEALTH INC FORMERLY | $205,827 | 0.01% | 637 | Common | NONE |
| 244199105 | DE | DEERE & CO | $204,855 | 0.01% | 448 | Common | NONE |
| 278642103 | EBAY | EBAY INC. | $204,274 | 0.01% | 2,246 | Common | NONE |
| 52567D107 | LMND | LEMONADE INC | $203,414 | 0.01% | 3,800 | Common | NONE |
| 05964H105 | SAN | BANCO SANTANDER S.A. | $175,645 | 0.01% | 16,760 | Common | NONE |
| 095924106 | OTF | BLUE OWL TECHNOLOGY FIN CORP | $143,935 | 0.01% | 10,415 | Common | NONE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.