Elm Partners Management LLC 13F Filing History & Holdings

CIK: 0001743941

Diversified strategyMomentum followerSector-focused

Total reported value

$2.3B

Reporting period: 2026-03-31 · Number of holdings: 158

Elm Partners Management LLC disclosed 158 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $2.3B and a quarterly turnover rate of 20.2%.

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Personality snowflake

Concentration: 24.63
Portfolio Stability: 20.21
Momentum/Contrarian: 100
Sector conviction: 90.22
Diversification: 100
Sizing Uniformity: 70.36

Elm Partners Management LLC's disclosed holdings carry a Herfindahl concentration index of 0.062 — mathematically equivalent to about 16 equally-sized positions, well below its 158 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 2.96), 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 3% 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.

Recent moves

Add VBIL
+1592.1%　$131.1M
Trim VTI
-3.6%　-$34.7M
Add ELM
+33.6%　$37.1M
Trim STIP
-58.2%　-$25.4M
Trim VGK
-3.6%　-$14.5M
Trim BND
-24.8%　-$18.7M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	VTI	Vanguard Total Stock Mkt ETF	ETF-Other	12.97%	-2.18%	-3.60%
2	VWO	Vanguard Ftse Emerging Marke	ETF-Emerging Markets	10.52%	-0.76%	+0.14%
3	SCHP	Schwab U.s. Tips ETF	ETF-Other	9.29%	+0.79%	+14.05%
4	VGK	Vanguard Ftse Europe ETF	ETF-Other	7.33%	-1.00%	-3.60%
5	ELM	Elm Market Navigator ETF	ETF-Other	6.92%	+1.36%	+33.57%
6	VBIL	Vanguard 0-3m T-bill ETF	ETF-Other	6.04%	+5.67%	+1592.06%
7	IEMG	Ishares Core Msci Emerging	ETF-Emerging Markets	5.23%	+0.70%	+20.70%
8	VPL	Vanguard Ftse Pacific ETF	ETF-Other	5.01%	+0.06%	+1.44%
9	IEUR	Ishares Core Msci Europe ETF	ETF-Other	3.31%	+0.21%	+16.47%
10	VGSH	Vanguard Short-term Treasury	ETF-Gov Bonds	2.96%	-0.58%	-12.25%
11	VOO	Vanguard S&p 500 ETF	ETF-Large Cap & Growth	2.69%	-0.74%	-11.36%
12	ITOT	Ishares Core S&p Total U.s.	ETF-Other	2.59%	—	+6.72%
13	BND	Vanguard Total Bond Market	ETF-Other	2.37%	-0.96%	-24.84%
14	BBEU	Jpmorgan Betabuilders Europe	ETF-Other	1.92%	+0.07%	+13.70%
15	IPAC	Ishares Core Msci Pacific Et	ETF-Other	1.63%	—	+3.74%
16	SPEM	State Street Sp Ptf Em ETF	ETF-Other	1.63%	-0.23%	-5.64%
17	BBCA	Jpmorgan Betabuilders Canada	ETF-Other	1.27%	+0.02%	+8.66%
18	SGOV	Ishares 0-3 Month Treasury B	ETF-Gov Bonds	1.24%	-0.94%	-40.64%
19	AGG	Ishares Core U.s. Aggregate	ETF-Other	1.18%	-0.14%	-5.50%
20	VTV	Vanguard Value ETF	ETF-Other	1.16%	+0.07%	+10.52%
21	VB	Vanguard Small-cap ETF	ETF-Other	0.94%	+0.06%	+14.13%
22	SCHH	Schwab US Reit ETF	ETF-Other	0.93%	+0.34%	+61.08%
23	VTEB	Vanguard Tax-exempt Bond ETF	ETF-Other	0.81%	-0.22%	-17.07%
24	STIP	Ishares 0-5 Year Tips Bond E	ETF-Other	0.80%	-1.19%	-58.18%
25	NVDA	Nvidia CORP	Stock-Tech	0.79%	-0.14%	+0.48%
26	SPYM	Ste Str Spdr Pt S&p 500 ETF	ETF-Large Cap & Growth	0.68%	+0.52%	+391.70%
27	MUB	Ishares National Muni Bond E	ETF-Other	0.64%	+0.01%	+7.91%
28	IVV	Ishares Core S&p 500 ETF	ETF-Large Cap & Growth	0.41%	-0.04%	+0.91%
29	VNQ	Vanguard Real Estate ETF	ETF-Other	0.36%	—	-2.12%
30	AAPL	Apple INC	Stock-Tech	0.28%	+0.04%	+30.05%
31	EWC	Ishares Msci Canada ETF	ETF-Other	0.26%	—	-0.36%
32	DFUS	Dimensional US Eq Mkt ETF	ETF-Other	0.25%	+0.01%	+20.40%
33	IUSV	Ishares Core S&p U.s. Value	ETF-Other	0.22%	—	+10.24%
34	SCHF	Schwab Intl Equity ETF	ETF-Other	0.20%	+0.02%	+20.55%
35	VRT	Vertiv Holdings Co-a	Stock-Industrials	0.19%	+0.05%	—
36	BRK-A	Berkshire Hathaway Inc-cl A	Stock-Other	0.19%	—	—
37	SPY	Ss Spdr S&p 500 ETF Trust-us	ETF-Large Cap & Growth	0.17%	—	-2.67%
38	VEA	Vanguard Ftse Developed ETF	ETF-Other	0.16%	—	+1.65%
39	COHR	Coherent CORP	Stock-Tech	0.15%	—	-20.00%
40	LLY	Eli Lilly & Co	Stock-Healthcare	0.15%	-0.04%	+1.04%
41	XLK	Ss Technology Select Sector	ETF-Tech	0.15%	-0.03%	-1.76%
42	CRWD	Crowdstrike Holdings INC - A	Stock-Tech	0.13%	-0.06%	-16.49%
43	VFH	Vanguard Financials ETF	ETF-Other	0.12%	-0.11%	-37.87%
44	IJR	Ishares Core S&p Small-cap E	ETF-Small Cap	0.12%	—	+6.98%
45	BN	Brookfield CORP	Stock-Financials	0.12%	-0.03%	—
46	XLF	Ss Financial Select Sector	ETF-Other	0.11%	-0.03%	-9.37%
47	SCHB	Schwab US Broad Market ETF	ETF-Other	0.11%	—	-3.58%
48	IBM	Intl Business Machines CORP	Stock-Tech	0.11%	-0.03%	-3.72%
49	VCR	Vanguard Consumer Discre ETF	ETF-Other	0.10%	-0.03%	-8.90%
50	VIS	Vanguard Industrials ETF	ETF-Other	0.09%	—	+1.38%

1–50 of 158

Portfolio Performance

Performance for Q3 2026

+1.2%

Performance Last 4 Quarters

+19.5%

Based on 75% of reported portfolio value with available pricing

Stdev: +10.2%
Beta: +0.65
Alpha: +1.7%
Max Drawdown: -6%
Annualized Perf: +14.1%
Batting Avg vs S&P: +33.3%
Sortino: +2.58
Stutzer: +0.39
Treynor: +0.21
Sterling: +0.91
Calmar: +2.35
Information Ratio: -0.66
Tracking Error: +7.2%
Stdev Down: +5.3%
Winning Months %: +66.7%
Losing Months %: +33.3%
Best 12 Months: +26.4%
Worst 12 Months: +7.1%
Efficiency Ratio: +0.51
Sharpe: +1.35
Stdev Sectors: +13.8%
Skewness: -0.16
Kurtosis: -0.26
Upside Potential: +4.24

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	158	$2.3B	20	1VTI 2VWO 3SCHP Top holdings2026-03-31 1.VTI 2.VWO 3.SCHP 4.VGK 5.ELM 6.VBIL 7.IEMG 8.VPL 9.IEUR 10.VGSH
2025-12-31	154	$2.2B	20	1VTI 2VWO 3SCHP Top holdings2025-12-31 1.VTI 2.VWO 3.SCHP 4.VGK 5.ELM 6.VPL 7.IEMG 8.VGSH 9.VOO 10.BND
2025-09-30	149	$2.0B	51	1VTI 2VWO 3ELM Top holdings2025-09-30 1.VTI 2.VWO 3.ELM 4.VGK 5.SCHP 6.IEMG 7.VPL 8.SGOV 9.IEUR 10.ITOT
2025-06-30	97	$1.7B	0	1VTI 2VWO 3ELM Top holdings2025-06-30 1.VTI 2.VWO 3.ELM 4.VGK 5.SGOV 6.SCHP 7.IEMG 8.VPL 9.IEUR 10.ITOT
2025-03-31	66	$1.6B	100	1ELM 2SCHP 3VWO Top holdings2025-03-31 1.ELM 2.SCHP 3.VWO 4.VGK 5.VTI 6.SGOV 7.IEMG 8.ITOT 9.STIP 10.VPL
2024-12-31	68	$1.5B	0	1VTI 2VWO 3ITOT Top holdings2024-12-31 1.VTI 2.VWO 3.ITOT 4.IEMG 5.SGOV 6.VGK 7.SCHP 8.IEUR 9.VPL 10.AGG
2024-09-30	60	$1.4B	0	1VTI 2VWO 3ITOT Top holdings2024-09-30 1.VTI 2.VWO 3.ITOT 4.IEMG 5.VGK 6.IEUR 7.VPL 8.AGG 9.IPAC 10.SCHP
2024-06-30	60	$1.3B	0	1VTI 2ITOT 3VWO Top holdings2024-06-30 1.VTI 2.ITOT 3.VWO 4.VGK 5.IEMG 6.SCHP 7.VPL 8.SGOV 9.IEUR 10.AGG
2024-03-31	61	$1.3B	0	1VTI 2ITOT 3VWO Top holdings2024-03-31 1.VTI 2.ITOT 3.VWO 4.VGK 5.IEMG 6.SGOV 7.VPL 8.SCHP 9.IEUR 10.HYLB
2023-12-31	52	$1.1B	0	1VTI 2ITOT 3VGK Top holdings2023-12-31 1.VTI 2.ITOT 3.VGK 4.VWO 5.IEMG 6.SGOV 7.SCHP 8.IEUR 9.VPL 10.HYLB
2023-09-30	47	$966.9M	0	1SGOV 2VTI 3VGK Top holdings2023-09-30 1.SGOV 2.VTI 3.VGK 4.ITOT 5.VWO 6.IEMG 7.SCHP 8.VPL 9.IEUR 10.IPAC
2023-06-30	41	$992.7M	0	1VTI 2VGK 3VWO Top holdings2023-06-30 1.VTI 2.VGK 3.VWO 4.ITOT 5.IEMG 6.VPL 7.BIL 8.SGOV 9.IEUR 10.IPAC
2023-03-31	39	$950.7M	0	1BIL 2VGK 3VWO Top holdings2023-03-31 1.BIL 2.VGK 3.VWO 4.IEMG 5.VTI 6.ITOT 7.SCHP 8.VPL 9.IEUR 10.IPAC
2022-12-31	35	$864.4M	0	1BIL 2VGSH 3VWO Top holdings2022-12-31 1.BIL 2.VGSH 3.VWO 4.IEMG 5.VTI 6.VGK 7.ITOT 8.VPL 9.IEUR 10.IPAC
2022-09-30	36	$740.9M	0	1BIL 2VGSH 3VTI Top holdings2022-09-30 1.BIL 2.VGSH 3.VTI 4.IEMG 5.VWO 6.ITOT 7.VGK 8.IEUR 9.VPL 10.IPAC
2022-06-30	32	$767.0M	0	1BIL 2VTI 3VGSH Top holdings2022-06-30 1.BIL 2.VTI 3.VGSH 4.VWO 5.IEMG 6.ITOT 7.VGK 8.IEUR 9.VPL 10.IPAC
2022-03-31	51	$791.2M	0	1BIL 2VTI 3ITOT Top holdings2022-03-31 1.BIL 2.VTI 3.ITOT 4.VWO 5.VGSH 6.IEMG 7.VGK 8.IEUR 9.VPL 10.VOO
2021-12-31	33	$811.3M	0	1VTI 2VWO 3ITOT Top holdings2021-12-31 1.VTI 2.VWO 3.ITOT 4.IEMG 5.VGK 6.BIL 7.IEUR 8.VNQ 9.VGSH 10.VOO
2021-09-30	35	$749.2M	0	1VTI 2VGK 3VWO Top holdings2021-09-30 1.VTI 2.VGK 3.VWO 4.ITOT 5.IEMG 6.IEUR 7.VPL 8.VNQ 9.IPAC 10.VOO
2021-06-30	42	$759.9M	100	1VTI 2VWO 3VGK Top holdings2021-06-30 1.VTI 2.VWO 3.VGK 4.IEMG 5.ITOT 6.IEUR 7.VPL 8.VNQ 9.IPAC 10.VOO
2021-03-31	42	$703.0M	18	1VTI 2VWO 3VGK Top holdings2021-03-31 1.VTI 2.VWO 3.VGK 4.IEMG 5.ITOT 6.IEUR 7.VPL 8.IPAC 9.VNQ 10.VOO
2020-12-31	41	$669.1M	13	1VTI 2VWO 3IEMG Top holdings2020-12-31 1.VTI 2.VWO 3.IEMG 4.VGK 5.ITOT 6.IEUR 7.VPL 8.IPAC 9.VOO 10.IVV
2020-09-30	42	$594.5M	14	1VTI 2IEMG 3VWO Top holdings2020-09-30 1.VTI 2.IEMG 3.VWO 4.VGK 5.ITOT 6.IEUR 7.VPL 8.IPAC 9.VOO 10.IVV
2020-06-30	45	$560.3M	32	1VTI 2IEMG 3ITOT Top holdings2020-06-30 1.VTI 2.IEMG 3.ITOT 4.VGK 5.VWO 6.IEUR 7.IPAC 8.BIL 9.IVV 10.VOO
2020-03-31	41	$454.6M	68	1IEMG 2ITOT 3BIL Top holdings2020-03-31 1.IEMG 2.ITOT 3.BIL 4.VGK 5.VTI 6.VWO 7.IEUR 8.IPAC 9.VGSH 10.IVV
2019-12-31	42	$456.5M	15	1IVV 2VGK 3VWO Top holdings2019-12-31 1.IVV 2.VGK 3.VWO 4.IEMG 5.VPL 6.VOO 7.VNQ 8.IEUR 9.BND 10.IPAC
2019-09-30	41	$441.7M	36	1IVV 2VGK 3VWO Top holdings2019-09-30 1.IVV 2.VGK 3.VWO 4.IEMG 5.VOO 6.VTI 7.VNQ 8.VPL 9.BND 10.IEUR
2019-06-30	41	$446.7M	26	1IVV 2BIL 3VGK Top holdings2019-06-30 1.IVV 2.BIL 3.VGK 4.VWO 5.IEMG 6.BSV 7.VTI 8.VNQ 9.BND 10.VPL
2019-03-31	39	$373.5M	68	1IVV 2BIL 3IEMG Top holdings2019-03-31 1.IVV 2.BIL 3.IEMG 4.VWO 5.VTI 6.BSV 7.VGK 8.VNQ 9.VOO 10.VPL
2018-12-31	31	$289.7M	—	1BIL 2BSV 3IEMG Top holdings2018-12-31 1.BIL 2.BSV 3.IEMG 4.VWO 5.VGK 6.IVV 7.VTI 8.VNQ 9.VSS 10.IEUR

Holding changes this quarter

Elm Partners Management LLC's most significant position changes for 2026-03-31: Sold out: Grayscale Bitcoin Mini ETF (BTC); New buy: Ss Health Care Select Sector (XLV); Add: Vanguard 0-3m T-bill ETF (VBIL) — shares +1592.06%; Trim: Vanguard Total Stock Mkt ETF (VTI) — shares -3.60%; Add: Elm Market Navigator ETF (ELM) — shares +33.57%.

Position changes disclosed by Elm Partners Management LLC for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	VBIL	Vanguard 0-3m T-bill ETF	+5.7%	+1592.06%	Add
2	ELM	Elm Market Navigator ETF	+1.4%	+33.57%	Add
3	SCHP	Schwab U.s. Tips ETF	+0.8%	+14.05%	Add
4	IEMG	Ishares Core Msci Emerging	+0.7%	+20.70%	Add
5	SPYM	Ste Str Spdr Pt S&p 500 ETF	+0.5%	+391.70%	Add
6	SCHH	Schwab US Reit ETF	+0.3%	+61.08%	Add
7	IEUR	Ishares Core Msci Europe ETF	+0.2%	+16.47%	Add
8	BBEU	Jpmorgan Betabuilders Europe	+0.1%	+13.70%	Add
9	VTV	Vanguard Value ETF	+0.1%	+10.52%	Add
10	VPL	Vanguard Ftse Pacific ETF	+0.1%	+1.44%	Add
11	VB	Vanguard Small-cap ETF	+0.1%	+14.13%	Add
12	VRT	Vertiv Holdings Co-a	+0.1%	—	Unchanged
13	AAPL	Apple INC	0%	+30.05%	Add
14	SCHA	Schwab US Small-cap ETF	0%	+95.81%	Add
15	VEU	Vanguard Ftse All-world Ex-u	0%	+116.85%	Add
16	BBCA	Jpmorgan Betabuilders Canada	0%	+8.66%	Add
17	SCHF	Schwab Intl Equity ETF	0%	+20.55%	Add
18	VIG	Vanguard Dividend Apprec ETF	0%	+59.77%	Add
19	MUB	Ishares National Muni Bond E	0%	+7.91%	Add
20	DFUS	Dimensional US Eq Mkt ETF	0%	+20.40%	Add
21	IPAC	Ishares Core Msci Pacific Et	—	+3.74%	Add
22	NFLX	Netflix INC	0%	-60.84%	Trim
23	IBM	Intl Business Machines CORP	0%	-3.72%	Trim
24	XLF	Ss Financial Select Sector	0%	-9.37%	Trim
25	VCR	Vanguard Consumer Discre ETF	0%	-8.90%	Trim
26	IWF	Ishares Russell 1000 Growth	0%	+38.66%	Add
27	XLK	Ss Technology Select Sector	0%	-1.76%	Trim
28	BN	Brookfield CORP	0%	—	Unchanged
29	VUG	Vanguard Growth ETF	0%	+39.23%	Add
30	LLY	Eli Lilly & Co	0%	+1.04%	Add
31	MSFT	Microsoft CORP	0%	+0.62%	Add
32	IVV	Ishares Core S&p 500 ETF	0%	+0.91%	Add
33	VHT	Vanguard Health Care ETF	-0.1%	-26.90%	Trim
34	CRWD	Crowdstrike Holdings INC - A	-0.1%	-16.49%	Trim
35	VFH	Vanguard Financials ETF	-0.1%	-37.87%	Trim
36	NVDA	Nvidia CORP	-0.1%	+0.48%	Add
37	AGG	Ishares Core U.s. Aggregate	-0.1%	-5.50%	Trim
38	VGT	Vanguard Info Tech ETF	-0.2%	+23.04%	Add
39	VTEB	Vanguard Tax-exempt Bond ETF	-0.2%	-17.07%	Trim
40	SPEM	State Street Sp Ptf Em ETF	-0.2%	-5.64%	Trim
41	VGSH	Vanguard Short-term Treasury	-0.6%	-12.25%	Trim
42	VOO	Vanguard S&p 500 ETF	-0.7%	-11.36%	Trim
43	VWO	Vanguard Ftse Emerging Marke	-0.8%	+0.14%	Add
44	SGOV	Ishares 0-3 Month Treasury B	-0.9%	-40.64%	Trim
45	BND	Vanguard Total Bond Market	-1%	-24.84%	Trim
46	VGK	Vanguard Ftse Europe ETF	-1%	-3.60%	Trim
47	STIP	Ishares 0-5 Year Tips Bond E	-1.2%	-58.18%	Trim
48	VTI	Vanguard Total Stock Mkt ETF	-2.2%	-3.60%	Trim
49	BTC	Grayscale Bitcoin Mini ETF	—	EXIT	Sold out
50	XLV	Ss Health Care Select Sector	—	NEW	New buy

Filing History

Period	Filed	Type	EDGAR
2026-03-31	2026-05-13	13F-HR	View on EDGAR
2025-12-31	2026-02-10	13F-HR	View on EDGAR
2025-09-30	2025-11-04	13F-HR	View on EDGAR
2025-06-30	2025-08-05	13F-HR	View on EDGAR
2025-03-31	2025-05-13	13F-HR	View on EDGAR
2024-12-31	2025-02-13	13F-HR	View on EDGAR
2024-09-30	2024-11-07	13F-HR	View on EDGAR
2024-06-30	2024-07-31	13F-HR	View on EDGAR
2024-03-31	2024-04-30	13F-HR	View on EDGAR
2023-12-31	2024-01-29	13F-HR	View on EDGAR
2023-09-30	2023-10-24	13F-HR	View on EDGAR
2023-06-30	2023-07-19	13F-HR	View on EDGAR
2023-03-31	2023-04-18	13F-HR	View on EDGAR
2022-12-31	2023-01-26	13F-HR	View on EDGAR
2022-09-30	2022-10-18	13F-HR	View on EDGAR
2022-06-30	2022-07-18	13F-HR	View on EDGAR
2022-03-31	2022-04-21	13F-HR	View on EDGAR
2021-12-31	2022-01-21	13F-HR	View on EDGAR
2021-09-30	2021-10-26	Amendment	View on EDGAR
2021-09-30	2021-10-14	13F-HR	View on EDGAR
2021-06-30	2021-07-19	13F-HR	View on EDGAR
2021-03-31	2021-04-26	13F-HR	View on EDGAR
2020-12-31	2021-01-19	13F-HR	View on EDGAR
2020-09-30	2020-10-19	13F-HR	View on EDGAR
2020-06-30	2020-07-22	13F-HR	View on EDGAR
2020-03-31	2020-05-15	13F-HR	View on EDGAR
2019-12-31	2020-02-14	13F-HR	View on EDGAR
2019-09-30	2019-11-14	13F-HR	View on EDGAR
2019-06-30	2019-08-08	13F-HR	View on EDGAR
2019-03-31	2019-05-14	13F-HR	View on EDGAR
2018-12-31	2019-01-11	13F-HR	View on EDGAR

FAQ

What is Elm Partners Management LLC and what type of investor is it?

Elm Partners Management LLC is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $2.3B, spread across 158 disclosed positions.

What are Elm Partners Management LLC's largest equity positions?

Based on the latest 13F filing, Elm Partners Management LLC's top holdings by market value are: 1. Vanguard Total Stock Mkt ETF (VTI) — $299.3M (13.0%) 2. Vanguard Ftse Emerging Marke (VWO) — $242.8M (10.5%) 3. Schwab U.s. Tips ETF (SCHP) — $214.4M (9.3%) 4. Vanguard Ftse Europe ETF (VGK) — $169.1M (7.3%) 5. Elm Market Navigator ETF (ELM) — $159.6M (6.9%)

What changes did Elm Partners Management LLC make in its most recent portfolio filing?

In the latest reported quarter, Elm Partners Management LLC made 48 notable position adjustments: 1 new positions were initiated, 28 existing holdings were added to, 18 positions were partially reduced, and 1 were completely exited. The largest of these moves: Sold out: Grayscale Bitcoin Mini ETF (BTC); New buy: Ss Health Care Select Sector (XLV); Add: Vanguard 0-3m T-bill ETF (VBIL) — shares +1592.06%; Trim: Vanguard Total Stock Mkt ETF (VTI) — shares -3.60%; Add: Elm Market Navigator ETF (ELM) — shares +33.57%

What sectors does Elm Partners Management LLC focus on?

Elm Partners Management LLC is concentrated in the following sectors based on its current disclosed equity portfolio: • Information Technology: 51.7% • Industrials: 9.8% • Financials: 9.5% • Health Care: 8.2% • Communication Services: 6.2% • Utilities: 4.2%

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Institutions with overlapping top holdings

Obsido Oy

CIK 0002067281

Total reported value

$165.3M

20 stks

2026-03-31

Concentration79.3

Portfolio Stability2.4

Sector conviction0.0

3 of the top 5 holdings overlap, including Vanguard Total Stock Mkt ETF

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Personal Financial Consultants INC /adv

CIK 0000077657

Total reported value

$133.2M

19 stks

2019-06-30

Stale — no recent filing

Concentration44.6

Portfolio Stability4.5

Sector conviction0.0

2 of the top 5 holdings overlap, including Vanguard Total Stock Mkt ETF

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Regis Management CO LLC

CIK 0001352776

Total reported value

$331.4M

39 stks

2024-06-30

Stale — no recent filing

Concentration72.5

Portfolio Stability0.0

Sector conviction100.0

2 of the top 5 holdings overlap, including Vanguard Total Stock Mkt ETF

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Elm Partners Management LLC 13F Filing History & Holdings

CIK: 0001743941

Diversified strategyMomentum followerSector-focused

Total reported value

$2.3B

Reporting period: 2026-03-31 · Number of holdings: 158

Elm Partners Management LLC disclosed 158 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $2.3B and a quarterly turnover rate of 20.2%.

Browse other institutions with $1B to $10B AUM Browse other institutions starting with "E"

Personality snowflake

Concentration: 24.63
Portfolio Stability: 20.21
Momentum/Contrarian: 100
Sector conviction: 90.22
Diversification: 100
Sizing Uniformity: 70.36

Position sizes vary widely across the portfolio (a coefficient of variation of 2.96), 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.

Recent moves

Add VBIL
+1592.1%　$131.1M
Trim VTI
-3.6%　-$34.7M
Add ELM
+33.6%　$37.1M
Trim STIP
-58.2%　-$25.4M
Trim VGK
-3.6%　-$14.5M
Trim BND
-24.8%　-$18.7M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	VTI	Vanguard Total Stock Mkt ETF	ETF-Other	12.97%	-2.18%	-3.60%
2	VWO	Vanguard Ftse Emerging Marke	ETF-Emerging Markets	10.52%	-0.76%	+0.14%
3	SCHP	Schwab U.s. Tips ETF	ETF-Other	9.29%	+0.79%	+14.05%
4	VGK	Vanguard Ftse Europe ETF	ETF-Other	7.33%	-1.00%	-3.60%
5	ELM	Elm Market Navigator ETF	ETF-Other	6.92%	+1.36%	+33.57%
6	VBIL	Vanguard 0-3m T-bill ETF	ETF-Other	6.04%	+5.67%	+1592.06%
7	IEMG	Ishares Core Msci Emerging	ETF-Emerging Markets	5.23%	+0.70%	+20.70%
8	VPL	Vanguard Ftse Pacific ETF	ETF-Other	5.01%	+0.06%	+1.44%
9	IEUR	Ishares Core Msci Europe ETF	ETF-Other	3.31%	+0.21%	+16.47%
10	VGSH	Vanguard Short-term Treasury	ETF-Gov Bonds	2.96%	-0.58%	-12.25%
11	VOO	Vanguard S&p 500 ETF	ETF-Large Cap & Growth	2.69%	-0.74%	-11.36%
12	ITOT	Ishares Core S&p Total U.s.	ETF-Other	2.59%	—	+6.72%
13	BND	Vanguard Total Bond Market	ETF-Other	2.37%	-0.96%	-24.84%
14	BBEU	Jpmorgan Betabuilders Europe	ETF-Other	1.92%	+0.07%	+13.70%
15	IPAC	Ishares Core Msci Pacific Et	ETF-Other	1.63%	—	+3.74%
16	SPEM	State Street Sp Ptf Em ETF	ETF-Other	1.63%	-0.23%	-5.64%
17	BBCA	Jpmorgan Betabuilders Canada	ETF-Other	1.27%	+0.02%	+8.66%
18	SGOV	Ishares 0-3 Month Treasury B	ETF-Gov Bonds	1.24%	-0.94%	-40.64%
19	AGG	Ishares Core U.s. Aggregate	ETF-Other	1.18%	-0.14%	-5.50%
20	VTV	Vanguard Value ETF	ETF-Other	1.16%	+0.07%	+10.52%
21	VB	Vanguard Small-cap ETF	ETF-Other	0.94%	+0.06%	+14.13%
22	SCHH	Schwab US Reit ETF	ETF-Other	0.93%	+0.34%	+61.08%
23	VTEB	Vanguard Tax-exempt Bond ETF	ETF-Other	0.81%	-0.22%	-17.07%
24	STIP	Ishares 0-5 Year Tips Bond E	ETF-Other	0.80%	-1.19%	-58.18%
25	NVDA	Nvidia CORP	Stock-Tech	0.79%	-0.14%	+0.48%
26	SPYM	Ste Str Spdr Pt S&p 500 ETF	ETF-Large Cap & Growth	0.68%	+0.52%	+391.70%
27	MUB	Ishares National Muni Bond E	ETF-Other	0.64%	+0.01%	+7.91%
28	IVV	Ishares Core S&p 500 ETF	ETF-Large Cap & Growth	0.41%	-0.04%	+0.91%
29	VNQ	Vanguard Real Estate ETF	ETF-Other	0.36%	—	-2.12%
30	AAPL	Apple INC	Stock-Tech	0.28%	+0.04%	+30.05%
31	EWC	Ishares Msci Canada ETF	ETF-Other	0.26%	—	-0.36%
32	DFUS	Dimensional US Eq Mkt ETF	ETF-Other	0.25%	+0.01%	+20.40%
33	IUSV	Ishares Core S&p U.s. Value	ETF-Other	0.22%	—	+10.24%
34	SCHF	Schwab Intl Equity ETF	ETF-Other	0.20%	+0.02%	+20.55%
35	VRT	Vertiv Holdings Co-a	Stock-Industrials	0.19%	+0.05%	—
36	BRK-A	Berkshire Hathaway Inc-cl A	Stock-Other	0.19%	—	—
37	SPY	Ss Spdr S&p 500 ETF Trust-us	ETF-Large Cap & Growth	0.17%	—	-2.67%
38	VEA	Vanguard Ftse Developed ETF	ETF-Other	0.16%	—	+1.65%
39	COHR	Coherent CORP	Stock-Tech	0.15%	—	-20.00%
40	LLY	Eli Lilly & Co	Stock-Healthcare	0.15%	-0.04%	+1.04%
41	XLK	Ss Technology Select Sector	ETF-Tech	0.15%	-0.03%	-1.76%
42	CRWD	Crowdstrike Holdings INC - A	Stock-Tech	0.13%	-0.06%	-16.49%
43	VFH	Vanguard Financials ETF	ETF-Other	0.12%	-0.11%	-37.87%
44	IJR	Ishares Core S&p Small-cap E	ETF-Small Cap	0.12%	—	+6.98%
45	BN	Brookfield CORP	Stock-Financials	0.12%	-0.03%	—
46	XLF	Ss Financial Select Sector	ETF-Other	0.11%	-0.03%	-9.37%
47	SCHB	Schwab US Broad Market ETF	ETF-Other	0.11%	—	-3.58%
48	IBM	Intl Business Machines CORP	Stock-Tech	0.11%	-0.03%	-3.72%
49	VCR	Vanguard Consumer Discre ETF	ETF-Other	0.10%	-0.03%	-8.90%
50	VIS	Vanguard Industrials ETF	ETF-Other	0.09%	—	+1.38%

1–50 of 158

Portfolio Performance

Performance for Q3 2026

+1.2%

Performance Last 4 Quarters

+19.5%

Based on 75% of reported portfolio value with available pricing

Stdev: +10.2%
Beta: +0.65
Alpha: +1.7%
Max Drawdown: -6%
Annualized Perf: +14.1%
Batting Avg vs S&P: +33.3%
Sortino: +2.58
Stutzer: +0.39
Treynor: +0.21
Sterling: +0.91
Calmar: +2.35
Information Ratio: -0.66
Tracking Error: +7.2%
Stdev Down: +5.3%
Winning Months %: +66.7%
Losing Months %: +33.3%
Best 12 Months: +26.4%
Worst 12 Months: +7.1%
Efficiency Ratio: +0.51
Sharpe: +1.35
Stdev Sectors: +13.8%
Skewness: -0.16
Kurtosis: -0.26
Upside Potential: +4.24

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	158	$2.3B	20	1VTI 2VWO 3SCHP Top holdings2026-03-31 1.VTI 2.VWO 3.SCHP 4.VGK 5.ELM 6.VBIL 7.IEMG 8.VPL 9.IEUR 10.VGSH
2025-12-31	154	$2.2B	20	1VTI 2VWO 3SCHP Top holdings2025-12-31 1.VTI 2.VWO 3.SCHP 4.VGK 5.ELM 6.VPL 7.IEMG 8.VGSH 9.VOO 10.BND
2025-09-30	149	$2.0B	51	1VTI 2VWO 3ELM Top holdings2025-09-30 1.VTI 2.VWO 3.ELM 4.VGK 5.SCHP 6.IEMG 7.VPL 8.SGOV 9.IEUR 10.ITOT
2025-06-30	97	$1.7B	0	1VTI 2VWO 3ELM Top holdings2025-06-30 1.VTI 2.VWO 3.ELM 4.VGK 5.SGOV 6.SCHP 7.IEMG 8.VPL 9.IEUR 10.ITOT
2025-03-31	66	$1.6B	100	1ELM 2SCHP 3VWO Top holdings2025-03-31 1.ELM 2.SCHP 3.VWO 4.VGK 5.VTI 6.SGOV 7.IEMG 8.ITOT 9.STIP 10.VPL
2024-12-31	68	$1.5B	0	1VTI 2VWO 3ITOT Top holdings2024-12-31 1.VTI 2.VWO 3.ITOT 4.IEMG 5.SGOV 6.VGK 7.SCHP 8.IEUR 9.VPL 10.AGG
2024-09-30	60	$1.4B	0	1VTI 2VWO 3ITOT Top holdings2024-09-30 1.VTI 2.VWO 3.ITOT 4.IEMG 5.VGK 6.IEUR 7.VPL 8.AGG 9.IPAC 10.SCHP
2024-06-30	60	$1.3B	0	1VTI 2ITOT 3VWO Top holdings2024-06-30 1.VTI 2.ITOT 3.VWO 4.VGK 5.IEMG 6.SCHP 7.VPL 8.SGOV 9.IEUR 10.AGG
2024-03-31	61	$1.3B	0	1VTI 2ITOT 3VWO Top holdings2024-03-31 1.VTI 2.ITOT 3.VWO 4.VGK 5.IEMG 6.SGOV 7.VPL 8.SCHP 9.IEUR 10.HYLB
2023-12-31	52	$1.1B	0	1VTI 2ITOT 3VGK Top holdings2023-12-31 1.VTI 2.ITOT 3.VGK 4.VWO 5.IEMG 6.SGOV 7.SCHP 8.IEUR 9.VPL 10.HYLB
2023-09-30	47	$966.9M	0	1SGOV 2VTI 3VGK Top holdings2023-09-30 1.SGOV 2.VTI 3.VGK 4.ITOT 5.VWO 6.IEMG 7.SCHP 8.VPL 9.IEUR 10.IPAC
2023-06-30	41	$992.7M	0	1VTI 2VGK 3VWO Top holdings2023-06-30 1.VTI 2.VGK 3.VWO 4.ITOT 5.IEMG 6.VPL 7.BIL 8.SGOV 9.IEUR 10.IPAC
2023-03-31	39	$950.7M	0	1BIL 2VGK 3VWO Top holdings2023-03-31 1.BIL 2.VGK 3.VWO 4.IEMG 5.VTI 6.ITOT 7.SCHP 8.VPL 9.IEUR 10.IPAC
2022-12-31	35	$864.4M	0	1BIL 2VGSH 3VWO Top holdings2022-12-31 1.BIL 2.VGSH 3.VWO 4.IEMG 5.VTI 6.VGK 7.ITOT 8.VPL 9.IEUR 10.IPAC
2022-09-30	36	$740.9M	0	1BIL 2VGSH 3VTI Top holdings2022-09-30 1.BIL 2.VGSH 3.VTI 4.IEMG 5.VWO 6.ITOT 7.VGK 8.IEUR 9.VPL 10.IPAC
2022-06-30	32	$767.0M	0	1BIL 2VTI 3VGSH Top holdings2022-06-30 1.BIL 2.VTI 3.VGSH 4.VWO 5.IEMG 6.ITOT 7.VGK 8.IEUR 9.VPL 10.IPAC
2022-03-31	51	$791.2M	0	1BIL 2VTI 3ITOT Top holdings2022-03-31 1.BIL 2.VTI 3.ITOT 4.VWO 5.VGSH 6.IEMG 7.VGK 8.IEUR 9.VPL 10.VOO
2021-12-31	33	$811.3M	0	1VTI 2VWO 3ITOT Top holdings2021-12-31 1.VTI 2.VWO 3.ITOT 4.IEMG 5.VGK 6.BIL 7.IEUR 8.VNQ 9.VGSH 10.VOO
2021-09-30	35	$749.2M	0	1VTI 2VGK 3VWO Top holdings2021-09-30 1.VTI 2.VGK 3.VWO 4.ITOT 5.IEMG 6.IEUR 7.VPL 8.VNQ 9.IPAC 10.VOO
2021-06-30	42	$759.9M	100	1VTI 2VWO 3VGK Top holdings2021-06-30 1.VTI 2.VWO 3.VGK 4.IEMG 5.ITOT 6.IEUR 7.VPL 8.VNQ 9.IPAC 10.VOO
2021-03-31	42	$703.0M	18	1VTI 2VWO 3VGK Top holdings2021-03-31 1.VTI 2.VWO 3.VGK 4.IEMG 5.ITOT 6.IEUR 7.VPL 8.IPAC 9.VNQ 10.VOO
2020-12-31	41	$669.1M	13	1VTI 2VWO 3IEMG Top holdings2020-12-31 1.VTI 2.VWO 3.IEMG 4.VGK 5.ITOT 6.IEUR 7.VPL 8.IPAC 9.VOO 10.IVV
2020-09-30	42	$594.5M	14	1VTI 2IEMG 3VWO Top holdings2020-09-30 1.VTI 2.IEMG 3.VWO 4.VGK 5.ITOT 6.IEUR 7.VPL 8.IPAC 9.VOO 10.IVV
2020-06-30	45	$560.3M	32	1VTI 2IEMG 3ITOT Top holdings2020-06-30 1.VTI 2.IEMG 3.ITOT 4.VGK 5.VWO 6.IEUR 7.IPAC 8.BIL 9.IVV 10.VOO
2020-03-31	41	$454.6M	68	1IEMG 2ITOT 3BIL Top holdings2020-03-31 1.IEMG 2.ITOT 3.BIL 4.VGK 5.VTI 6.VWO 7.IEUR 8.IPAC 9.VGSH 10.IVV
2019-12-31	42	$456.5M	15	1IVV 2VGK 3VWO Top holdings2019-12-31 1.IVV 2.VGK 3.VWO 4.IEMG 5.VPL 6.VOO 7.VNQ 8.IEUR 9.BND 10.IPAC
2019-09-30	41	$441.7M	36	1IVV 2VGK 3VWO Top holdings2019-09-30 1.IVV 2.VGK 3.VWO 4.IEMG 5.VOO 6.VTI 7.VNQ 8.VPL 9.BND 10.IEUR
2019-06-30	41	$446.7M	26	1IVV 2BIL 3VGK Top holdings2019-06-30 1.IVV 2.BIL 3.VGK 4.VWO 5.IEMG 6.BSV 7.VTI 8.VNQ 9.BND 10.VPL
2019-03-31	39	$373.5M	68	1IVV 2BIL 3IEMG Top holdings2019-03-31 1.IVV 2.BIL 3.IEMG 4.VWO 5.VTI 6.BSV 7.VGK 8.VNQ 9.VOO 10.VPL
2018-12-31	31	$289.7M	—	1BIL 2BSV 3IEMG Top holdings2018-12-31 1.BIL 2.BSV 3.IEMG 4.VWO 5.VGK 6.IVV 7.VTI 8.VNQ 9.VSS 10.IEUR

Holding changes this quarter

Position changes disclosed by Elm Partners Management LLC for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	VBIL	Vanguard 0-3m T-bill ETF	+5.7%	+1592.06%	Add
2	ELM	Elm Market Navigator ETF	+1.4%	+33.57%	Add
3	SCHP	Schwab U.s. Tips ETF	+0.8%	+14.05%	Add
4	IEMG	Ishares Core Msci Emerging	+0.7%	+20.70%	Add
5	SPYM	Ste Str Spdr Pt S&p 500 ETF	+0.5%	+391.70%	Add
6	SCHH	Schwab US Reit ETF	+0.3%	+61.08%	Add
7	IEUR	Ishares Core Msci Europe ETF	+0.2%	+16.47%	Add
8	BBEU	Jpmorgan Betabuilders Europe	+0.1%	+13.70%	Add
9	VTV	Vanguard Value ETF	+0.1%	+10.52%	Add
10	VPL	Vanguard Ftse Pacific ETF	+0.1%	+1.44%	Add
11	VB	Vanguard Small-cap ETF	+0.1%	+14.13%	Add
12	VRT	Vertiv Holdings Co-a	+0.1%	—	Unchanged
13	AAPL	Apple INC	0%	+30.05%	Add
14	SCHA	Schwab US Small-cap ETF	0%	+95.81%	Add
15	VEU	Vanguard Ftse All-world Ex-u	0%	+116.85%	Add
16	BBCA	Jpmorgan Betabuilders Canada	0%	+8.66%	Add
17	SCHF	Schwab Intl Equity ETF	0%	+20.55%	Add
18	VIG	Vanguard Dividend Apprec ETF	0%	+59.77%	Add
19	MUB	Ishares National Muni Bond E	0%	+7.91%	Add
20	DFUS	Dimensional US Eq Mkt ETF	0%	+20.40%	Add
21	IPAC	Ishares Core Msci Pacific Et	—	+3.74%	Add
22	NFLX	Netflix INC	0%	-60.84%	Trim
23	IBM	Intl Business Machines CORP	0%	-3.72%	Trim
24	XLF	Ss Financial Select Sector	0%	-9.37%	Trim
25	VCR	Vanguard Consumer Discre ETF	0%	-8.90%	Trim
26	IWF	Ishares Russell 1000 Growth	0%	+38.66%	Add
27	XLK	Ss Technology Select Sector	0%	-1.76%	Trim
28	BN	Brookfield CORP	0%	—	Unchanged
29	VUG	Vanguard Growth ETF	0%	+39.23%	Add
30	LLY	Eli Lilly & Co	0%	+1.04%	Add
31	MSFT	Microsoft CORP	0%	+0.62%	Add
32	IVV	Ishares Core S&p 500 ETF	0%	+0.91%	Add
33	VHT	Vanguard Health Care ETF	-0.1%	-26.90%	Trim
34	CRWD	Crowdstrike Holdings INC - A	-0.1%	-16.49%	Trim
35	VFH	Vanguard Financials ETF	-0.1%	-37.87%	Trim
36	NVDA	Nvidia CORP	-0.1%	+0.48%	Add
37	AGG	Ishares Core U.s. Aggregate	-0.1%	-5.50%	Trim
38	VGT	Vanguard Info Tech ETF	-0.2%	+23.04%	Add
39	VTEB	Vanguard Tax-exempt Bond ETF	-0.2%	-17.07%	Trim
40	SPEM	State Street Sp Ptf Em ETF	-0.2%	-5.64%	Trim
41	VGSH	Vanguard Short-term Treasury	-0.6%	-12.25%	Trim
42	VOO	Vanguard S&p 500 ETF	-0.7%	-11.36%	Trim
43	VWO	Vanguard Ftse Emerging Marke	-0.8%	+0.14%	Add
44	SGOV	Ishares 0-3 Month Treasury B	-0.9%	-40.64%	Trim
45	BND	Vanguard Total Bond Market	-1%	-24.84%	Trim
46	VGK	Vanguard Ftse Europe ETF	-1%	-3.60%	Trim
47	STIP	Ishares 0-5 Year Tips Bond E	-1.2%	-58.18%	Trim
48	VTI	Vanguard Total Stock Mkt ETF	-2.2%	-3.60%	Trim
49	BTC	Grayscale Bitcoin Mini ETF	—	EXIT	Sold out
50	XLV	Ss Health Care Select Sector	—	NEW	New buy

Filing History

Period	Filed	Type	EDGAR
2026-03-31	2026-05-13	13F-HR	View on EDGAR
2025-12-31	2026-02-10	13F-HR	View on EDGAR
2025-09-30	2025-11-04	13F-HR	View on EDGAR
2025-06-30	2025-08-05	13F-HR	View on EDGAR
2025-03-31	2025-05-13	13F-HR	View on EDGAR
2024-12-31	2025-02-13	13F-HR	View on EDGAR
2024-09-30	2024-11-07	13F-HR	View on EDGAR
2024-06-30	2024-07-31	13F-HR	View on EDGAR
2024-03-31	2024-04-30	13F-HR	View on EDGAR
2023-12-31	2024-01-29	13F-HR	View on EDGAR
2023-09-30	2023-10-24	13F-HR	View on EDGAR
2023-06-30	2023-07-19	13F-HR	View on EDGAR
2023-03-31	2023-04-18	13F-HR	View on EDGAR
2022-12-31	2023-01-26	13F-HR	View on EDGAR
2022-09-30	2022-10-18	13F-HR	View on EDGAR
2022-06-30	2022-07-18	13F-HR	View on EDGAR
2022-03-31	2022-04-21	13F-HR	View on EDGAR
2021-12-31	2022-01-21	13F-HR	View on EDGAR
2021-09-30	2021-10-26	Amendment	View on EDGAR
2021-09-30	2021-10-14	13F-HR	View on EDGAR
2021-06-30	2021-07-19	13F-HR	View on EDGAR
2021-03-31	2021-04-26	13F-HR	View on EDGAR
2020-12-31	2021-01-19	13F-HR	View on EDGAR
2020-09-30	2020-10-19	13F-HR	View on EDGAR
2020-06-30	2020-07-22	13F-HR	View on EDGAR
2020-03-31	2020-05-15	13F-HR	View on EDGAR
2019-12-31	2020-02-14	13F-HR	View on EDGAR
2019-09-30	2019-11-14	13F-HR	View on EDGAR
2019-06-30	2019-08-08	13F-HR	View on EDGAR
2019-03-31	2019-05-14	13F-HR	View on EDGAR
2018-12-31	2019-01-11	13F-HR	View on EDGAR