EA
Elm Advisors, LLC Historical SEC 13F Holdings & Archive (Q1 2022)
Elm Advisors, LLCCIK: 0001362987
Diversified strategyLong-term holderQuality / disciplined sizing
Total reported value
$74.1M
Reporting period: 2022-03-31 · Number of holdings: 45
ELM ADVISORS, LLC disclosed 45 holdings in its latest 13F filing for the period ending 2022-03-31, with total reported value of $74.1M and a quarterly turnover rate of 0.0%.
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Personality snowflake
- Concentration
- 21.82
- Portfolio Stability
- 0
- Momentum
- 50
- Sector conviction
- 71.93
- Diversification
- 90
- Sizing Uniformity
- 87.8
Elm Advisors, LLC's disclosed holdings carry a Herfindahl concentration index of 0.055 — mathematically equivalent to about 18 equally-sized positions, well below its 45 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.22), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 6% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govNo holding changes this quarter
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | VEU | Vanguard Ftse All-world Ex-u | ETF-Other | 11.84% | — | -45.22% | |
| 2 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 11.33% | — | -46.37% | |
| 3 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 6.99% | — | -38.25% | |
| 4 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 6.77% | — | -52.10% | |
| 5 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 6.63% | — | -51.74% | |
| 6 | VV | Vanguard Large-cap ETF | ETF-Other | 5.08% | — | -42.59% | |
| 7 | VB | Vanguard Small-cap ETF | ETF-Other | 4.42% | — | -52.79% | |
| 8 | MDY | State Street Spdr S&p Midcap | ETF-Other | 3.70% | — | -60.95% | |
| 9 | VNQ | Vanguard Real Estate ETF | ETF-Other | 3.48% | — | -48.83% | |
| 10 | VTV | Vanguard Value ETF | ETF-Other | 3.29% | — | -41.74% | |
| 11 | IJR | Ishares Core S&p Small-cap E | ETF-Small Cap | 2.97% | — | -55.53% | |
| 12 | VXUS | Vanguard Total Intl Stock | ETF-Other | 2.25% | — | -46.99% | |
| 13 | VO | Vanguard Mid-cap ETF | ETF-Other | 2.23% | — | -47.81% | |
| 14 | VTEB | Vanguard Tax-exempt Bond ETF | ETF-Other | 2.22% | — | -19.01% | |
| 15 | BND | Vanguard Total Bond Market | ETF-Other | 2.16% | — | -17.93% | |
| 16 | IWR | Ishares Russell Mid-cap ETF | ETF-Other | 1.85% | — | -55.76% | |
| 17 | VEA | Vanguard Ftse Developed ETF | ETF-Other | 1.77% | — | -37.51% | |
| 18 | SCZ | Ishares Msci Eafe Small-cap | ETF-Other | 1.68% | — | -29.50% | |
| 19 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 1.65% | — | -44.01% | |
| 20 | AAPL | Apple Inc | Stock-Tech | 1.48% | — | -81.54% | |
| 21 | ESGV | Vanguard Esg US Stock ETF | ETF-Other | 1.39% | — | — | |
| 22 | BIL | Ss Spdr Bb 1-3m T-bill ETF | ETF-Gov Bonds | 1.37% | — | -27.51% | |
| 23 | CMF | Ishares California Muni Bond | ETF-Other | 1.32% | — | — | |
| 24 | ITOT | Ishares Core S&p Total U.s. | ETF-Other | 1.05% | — | — | |
| 25 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 1.03% | — | -24.87% | |
| 26 | VWO | Vanguard Ftse Emerging Marke | ETF-Emerging Markets | 0.94% | — | -53.33% | |
| 27 | EFA | Ishares Msci Eafe ETF | ETF-Other | 0.77% | — | -35.34% | |
| 28 | IJS | Ishares S&p Small-cap 600 Va | ETF-Other | 0.72% | — | -36.89% | |
| 29 | XLK | Ss Technology Select Sector | ETF-Tech | 0.69% | — | -49.21% | |
| 30 | VTIP | Vanguard Short-term Tips | ETF-Other | 0.68% | — | -27.90% | |
| 31 | IWM | Ishares Russell 2000 ETF | ETF-Small Cap | 0.67% | — | -55.79% | |
| 32 | DE | Deere & Co | Stock-Industrials | 0.67% | — | -38.68% | |
| 33 | BSV | Vanguard Short-term Bond ETF | ETF-Other | 0.61% | — | -14.79% | |
| 34 | VBR | Vanguard Small-cap Value ETF | ETF-Other | 0.53% | — | -48.30% | |
| 35 | MCD | Mcdonald's CORP | Stock-Consumer Disc | 0.52% | — | -40.37% | |
| 36 | VSS | Vanguard Ftse All Wo X-us Sc | ETF-Other | 0.42% | — | -69.11% | |
| 37 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.38% | — | -43.02% | |
| 38 | PEP | Pepsico Inc | Stock-Consumer Staples | 0.34% | — | -28.78% | |
| 39 | CVX | Chevron CORP | Stock-Energy | 0.33% | — | -69.04% | |
| 40 | SCHX | Schwab US Large-cap ETF | ETF-Other | 0.32% | — | +100.00% | |
| 41 | GWX | State Street Spdr S&p Intern | ETF-Other | 0.31% | — | -54.75% | |
| 42 | AMAT | Applied Materials Inc | Stock-Tech | 0.30% | — | -48.34% | |
| 43 | DOV | Dover CORP | Stock-Industrials | 0.30% | — | -32.35% | |
| 44 | AZO | Autozone Inc | Stock-Consumer Disc | 0.29% | — | — | |
| 45 | MSFT | Microsoft CORP | Stock-Tech | 0.27% | — | -73.43% |
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2022 Q1 | 45 | $74.1M | 0 | ||
| 2021 Q4 | 90 | $179.9M | 0 | ||
| 2021 Q3 | 86 | $167.1M | 0 | ||
| 2021 Q2 | 87 | $170.8M | 97 | ||
| 2021 Q1 | 87 | $160.7M | 12 | ||
| 2020 Q4 | 274 | $163.8M | 15 | ||
| 2020 Q3 | 79 | $145.3M | 8 | ||
| 2020 Q2 | 84 | $141.8M | 16 | ||
| 2020 Q1 | 79 | $122.1M | 27 | ||
| 2019 Q4 | 90 | $158.8M | 8 | ||
| 2019 Q3 | 86 | $147.1M | 2 | ||
| 2019 Q2 | 85 | $146.5M | 4 | ||
| 2019 Q1 | 87 | $142.6M | 14 | ||
| 2018 Q4 | 79 | $123.9M | 25 | ||
| 2018 Q3 | 297 | $149.5M | 14 | ||
| 2018 Q2 | 81 | $130.3M | 8 | ||
| 2018 Q1 | 82 | $129.4M | 5 | ||
| 2017 Q4 | 84 | $134.0M | 44 | ||
| 2017 Q3 | 83 | $126.3M | 5 | ||
| 2017 Q2 | 79 | $122.2M | 4 | ||
| 2017 Q1 | 80 | $119.7M | 9 | ||
| 2016 Q4 | 81 | $111.1M | 6 | ||
| 2016 Q3 | 79 | $107.9M | 6 | ||
| 2016 Q2 | 79 | $105.2M | 5 | ||
| 2016 Q1 | 74 | $103.2M | 6 | ||
| 2015 Q4 | 75 | $101.4M | 8 | ||
| 2015 Q3 | 67 | $96.5M | 13 | ||
| 2015 Q2 | 71 | $106.4M | 6 | ||
| 2015 Q1 | 74 | $108.2M | 6 | ||
| 2014 Q4 | 75 | $109.6M | 8 | ||
| 2014 Q3 | 72 | $105.6M | 5 | ||
| 2014 Q2 | 74 | $107.2M | 4 | ||
| 2014 Q1 | 73 | $103.8M | 5 | ||
| 2013 Q4 | 73 | $103.2M | 0 |
Holding changes this quarter
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|
Filing History
FAQ
What is Elm Advisors, LLC and what type of investor is it?
Elm Advisors, LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2022-03-31), the firm manages a tracked equity portfolio valued at approximately $74.1M, spread across 45 disclosed positions.
What are Elm Advisors, LLC's largest equity positions?
Based on the latest 13F filing, Elm Advisors, LLC's top holdings by market value are:
1. Vanguard Ftse All-world Ex-u (VEU) — $8.8M (11.8%)
2. Vanguard Total Stock Mkt ETF (VTI) — $8.4M (11.3%)
3. Vanguard S&p 500 ETF (VOO) — $5.2M (7.0%)
4. Ishares Core S&p 500 ETF (IVV) — $5.0M (6.8%)
5. Ss Spdr S&p 500 ETF Trust-us (SPY) — $4.9M (6.6%)
What changes did Elm Advisors, LLC make in its most recent portfolio filing?
No notable portfolio changes were recorded for Elm Advisors, LLC in the most recent quarter. Holdings appear to have remained relatively stable.
What sectors does Elm Advisors, LLC focus on?
Elm Advisors, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 36.7%
• Financials: 25.1%
• Consumer Discretionary: 14.5%
• Industrials: 11.9%
• Consumer Staples: 6.0%
• Energy: 5.8%
Investment Profile
Elm Advisors, LLC's portfolio is broadly diversified and long-term-holding, with 36.7% of the portfolio concentrated in Information Technology.
It has trimmed its SCZ position for two straight quarters, cutting it by $730.0K while still holding $1.2M.
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