10Elms LLP
CIK 2056650 · View on SEC EDGAR ↗
- Portfolio value
- $232.2M
- Positions
- 525
- As of
- June 30, 2026
#5,965 of 9,443 by 13F value · top 63.2%
Portfolio value QoQ: +97.6% 13F does not disclose cash
- Top 10 holdings weight
- 41.05%
- Top 25 holdings weight
- 67.01%
- Positions above 1%
- 30
- Effective number of positions
- 34.4
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 2.85% Est. buys $106,528,840 · sells $4,979,098
Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 76.5% still held
- New positions
- 64
- Increased
- 129
- Decreased
- 11
- Closed
- 4
On this page
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Sector breakdown
Industrials
1.4%
Energy
1.1%
Technology
0.9%
Communication Services
0.8%
Financial Services
0.7%
Retail
0.5%
Financials
0.5%
Healthcare
0.4%
Consumer Staples
0.2%
Consumer Discretionary
0.2%
Utilities
0.1%
Communications
0.1%
Telecommunication
0.1%
Materials
0.1%
Consumer products
0.0%
Real Estate
0.0%
Other/Unmapped
93.0%
Full portfolio 525 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| IEFA | $25,639,149 | 11.04% | 265,471 | $14,115,549 | Up ×6 | ||
| XLK XLK | $12,289,296 | 5.29% | 64,504 | $6,641,578 | Up ×1 | ||
| IEMG | $9,629,963 | 4.15% | 116,248 | $4,461,632 | Up ×1 | ||
| USMV | $9,299,057 | 4.00% | 96,403 | $6,300,680 | Up ×1 | ||
| BND Vanguard Total Bond Market ETF | $7,553,797 | 3.25% | 102,899 | $4,602,969 | Up ×2 | ||
| VTV | $7,544,687 | 3.25% | 34,620 | $6,954,714 | Up ×2 | ||
| QUAL | $6,690,621 | 2.88% | 30,491 | $4,397,296 | Up ×1 | ||
| SPY SPY | $5,894,787 | 2.54% | 7,894 | $1,742,574 | Up ×2 | ||
| XLV XLV | $5,624,068 | 2.42% | 35,447 | $2,089,741 | Up ×1 | ||
| MTUM | $5,160,261 | 2.22% | 15,052 | $2,836,336 | Up ×1 | ||
| IBDR | $4,942,019 | 2.13% | 203,963 | $3,796,000 | Up ×2 | ||
| IBDT | $4,933,857 | 2.12% | 195,400 | $3,589,493 | Up ×2 | ||
| XLF XLF | $4,773,103 | 2.06% | 89,034 | $2,162,763 | Up ×3 | ||
| IBDU | $4,612,057 | 1.99% | 199,139 | $3,648,907 | Up ×6 | ||
| IBDS | $4,456,211 | 1.92% | 183,989 | $3,414,061 | Up ×2 | ||
| SCHD | $4,363,073 | 1.88% | 137,593 | $1,462,344 | Up ×1 | ||
| XLI XLI | $4,354,144 | 1.87% | 23,507 | $2,238,230 | Up ×1 | ||
| VIG | $3,985,509 | 1.72% | 16,843 | $3,942,497 | Up ×1 | ||
| IWM | $3,811,044 | 1.64% | 12,684 | $973,328 | Up ×2 | ||
| BNDX Vanguard Total International Bond ETF | $3,758,231 | 1.62% | 77,601 | $1,619,093 | Up ×2 | ||
| FNDA | $3,676,930 | 1.58% | 96,609 | $3,149,813 | Up ×1 | ||
| FLRN | $3,432,723 | 1.48% | 111,271 | $3,101,499 | Up ×1 | ||
| IBDV | $3,134,682 | 1.35% | 143,793 | $2,232,923 | Up ×6 | ||
| XLY XLY | $3,088,172 | 1.33% | 26,332 | $1,313,324 | Up ×3 | ||
| SOXX SOXX | $2,956,103 | 1.27% | 4,613 | $1,899,461 | Up ×1 | ||
| XLC XLC | $2,882,413 | 1.24% | 26,906 | $1,278,158 | Up ×3 | ||
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | $2,766,000 | 1.19% | 53,929 | $823,153 | Up ×2 | ||
| VLUE | $2,742,834 | 1.18% | 13,727 | $811,619 | Up ×4 | ||
| CAT Caterpillar, Inc. Common Stock | $2,517,041 | 1.08% | 2,364 | $842,496 | |||
| IBDW | $2,318,716 | 1.00% | 111,263 | $1,542,736 | Up ×6 | ||
| XLP XLP | $2,043,935 | 0.88% | 24,605 | $808,578 | Up ×2 | ||
| IBHF | $1,849,682 | 0.80% | 81,664 | $1,568,453 | Up ×2 | ||
| VTI | $1,703,634 | 0.73% | 4,604 | $222,992 | Down ×1 | ||
| IBDX | $1,624,051 | 0.70% | 64,472 | $884,903 | Up ×5 | ||
| IVV | $1,504,548 | 0.65% | 2,009 | $350,202 | Up ×2 | ||
| EMB iShares J.P. Morgan USD Emerging Markets Bond ETF | $1,494,112 | 0.64% | 15,493 | $555,657 | Up ×6 | ||
| MINT | $1,188,308 | 0.51% | 11,788 | $1,060,081 | Up ×1 | ||
| XLE XLE | $1,173,169 | 0.51% | 22,089 | $516,829 | Up ×1 | ||
| GSY | $1,172,098 | 0.50% | 23,372 | $1,040,683 | Up ×1 | ||
| XLU XLU | $1,157,679 | 0.50% | 25,533 | $426,835 | Up ×3 | ||
| DVYE | $1,102,717 | 0.47% | 34,214 | $203,130 | Up ×2 | ||
| XLB XLB | $1,095,387 | 0.47% | 21,550 | $564,106 | Up ×4 | ||
| GOOGL Alphabet Inc. - Class A Common Stock | $1,042,519 | 0.45% | 2,917 | $289,055 | Up ×2 | ||
| EPD Enterprise Products Partners L.P. Common Stock | $1,018,070 | 0.44% | 27,695 | $8,535 | Up ×2 | ||
| XLRE XLRE | $1,007,815 | 0.43% | 22,889 | $508,464 | Up ×3 | ||
| IBMR | $878,494 | 0.38% | 34,600 | $219,394 | Up ×2 | ||
| VCSH Vanguard Short-Term Corporate Bond ETF | $842,723 | 0.36% | 10,663 | $710,580 | Up ×1 | ||
| ITA ITA | $838,640 | 0.36% | 3,459 | $510,515 | Up ×1 | ||
| IBDY | $832,078 | 0.36% | 32,320 | $317,663 | Up ×4 | ||
| GOOG Alphabet Inc. - Class C Capital Stock | $791,459 | 0.34% | 2,240 | $148,893 | |||
| AMZN Amazon.com, Inc. - Common Stock | $730,075 | 0.31% | 3,063 | $137,513 | Up ×2 | ||
| VEU | $725,131 | 0.31% | 8,658 | $112,973 | Up ×6 | ||
| IBMQ | $717,775 | 0.31% | 28,060 | $180,113 | Up ×2 | ||
| IBMP | $716,691 | 0.31% | 28,194 | $45,228 | Up ×6 | ||
| TIP | $659,000 | 0.28% | 6,022 | $144,368 | Up ×2 | ||
| JPM JP Morgan Chase & Co. Common Stock | $646,772 | 0.28% | 1,976 | $617,356 | Up ×1 | ||
| ENFR | $637,870 | 0.27% | 16,742 | $520,260 | Up ×1 | ||
| IBMO | $630,593 | 0.27% | 24,594 | $25,879 | Up ×1 | ||
| LQD | $614,937 | 0.26% | 5,638 | $18,108 | Up ×1 | ||
| AB AllianceBernstein Holding L.P. Units | $547,781 | 0.24% | 15,553 | $-31,041 | Up ×1 | ||
| PFFD | $543,722 | 0.23% | 29,092 | $120,338 | Up ×1 | ||
| BX Blackstone Inc. Common Stock | $539,367 | 0.23% | 4,584 | $-128,233 | Down ×1 | ||
| EMLP | $536,921 | 0.23% | 12,343 | $41,686 | Up ×1 | ||
| VEA | $474,535 | 0.20% | 6,660 | Up ×1 | |||
| IHAK | $437,552 | 0.19% | 7,207 | $297,872 | Up ×1 | ||
| BRKB | $432,337 | 0.19% | 864 | $116,065 | Up ×1 | ||
| SPLV | $421,266 | 0.18% | 5,624 | $405,980 | Up ×1 | ||
| HYG | $418,003 | 0.18% | 5,227 | $13,440 | Up ×1 | ||
| PSX Phillips 66 Common Stock | $395,091 | 0.17% | 2,337 | $148,419 | Up ×1 | ||
| IBDZ | $394,658 | 0.17% | 15,150 | $302,145 | Up ×2 | ||
| QCOM QUALCOMM Incorporated - Common Stock | $390,792 | 0.17% | 2,115 | $-134,861 | Down ×1 | ||
| VGSH Vanguard Short-Term Treasury ETF | $388,369 | 0.17% | 6,673 | Up ×1 | |||
| IBB IBB | $385,135 | 0.17% | 2,025 | $43,214 | |||
| MSFT Microsoft Corporation - Common Stock | $380,262 | 0.16% | 1,019 | $77,444 | Up ×2 | ||
| DTEC | $378,492 | 0.16% | 7,860 | $278,643 | Up ×1 | ||
| MUB | $371,289 | 0.16% | 3,450 | $5,071 | |||
| NVDA NVIDIA Corporation - Common Stock | $356,845 | 0.15% | 1,783 | $23,212 | Down ×1 | ||
| WFC Wells Fargo & Company Common Stock | $353,782 | 0.15% | 4,281 | $37,651 | Up ×1 | ||
| Unknown issuer (CUSIP: 66285WSS6) | $350,007 | 0.15% | 350,000 | $6,972 | |||
| SPHQ | $347,803 | 0.15% | 3,860 | $309,080 | Up ×1 | ||
| AVGO Broadcom Inc. - Common Stock | $346,019 | 0.15% | 916 | $104,601 | Up ×2 | ||
| AAPL Apple Inc. - Common Stock | $327,593 | 0.14% | 1,132 | $222,490 | Up ×2 | ||
| AGG | $326,787 | 0.14% | 3,302 | $100,948 | Up ×1 | ||
| AMGN Amgen Inc. - Common Stock | $312,985 | 0.13% | 864 | $29,284 | Up ×1 | ||
| JNJ Johnson & Johnson Common Stock | $300,333 | 0.13% | 1,183 | $59,580 | Up ×2 | ||
| BWXT BWX Technologies, Inc. Common Stock | $293,143 | 0.13% | 1,506 | $-14,819 | |||
| PEP PepsiCo, Inc. - Common Stock | $275,610 | 0.12% | 2,036 | $-55,897 | Down ×1 | ||
| WMB Williams Companies, Inc. (The) Common Stock | $264,799 | 0.11% | 3,562 | $24,843 | Up ×1 | ||
| KKR KKR & Co. Inc. Common Stock | $257,301 | 0.11% | 2,803 | $-11,042 | Down ×3 | ||
| Unknown issuer (CUSIP: 052405FE2) | $251,225 | 0.11% | 250,000 | $-495 | |||
| Unknown issuer (CUSIP: 121410QB3) | $250,045 | 0.11% | 250,000 | $10 | |||
| Unknown issuer (CUSIP: 64990BQK2) | $250,040 | 0.11% | 250,000 | $6,270 | |||
| BUFR | $249,938 | 0.11% | 6,842 | $151,195 | Up ×1 | ||
| KMI Kinder Morgan, Inc. Common Stock | $223,087 | 0.10% | 6,978 | $-27,650 | Down ×1 | ||
| VO | $214,316 | 0.09% | 2,660 | $23,341 | Up ×2 | ||
| IBMS | $202,303 | 0.09% | 7,820 | $26,142 | Up ×1 | ||
| Unknown issuer (CUSIP: 81533PJP6) | $200,172 | 0.09% | 200,000 | $12 | |||
| BCVPRA | $183,029 | 0.08% | 8,791 | $-5,186 | |||
| LNT Alliant Energy Corporation - Common Stock | $182,181 | 0.08% | 2,388 | $10,818 | |||
| COST Costco Wholesale Corporation - Common Stock | $181,481 | 0.08% | 194 | $30,024 | Up ×1 | ||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
| Security | Value | % of portfolio | Streak |
|---|---|---|---|
| IEFA | $25,639,149 | 11.04% | up ×6 |
| XLF | $4,773,103 | 2.06% | up ×3 |
| IBDU | $4,612,057 | 1.99% | up ×6 |
| IBDV | $3,134,682 | 1.35% | up ×6 |
| XLY | $3,088,172 | 1.33% | up ×3 |
| XLC | $2,882,413 | 1.24% | up ×3 |
| VLUE | $2,742,834 | 1.18% | up ×4 |
| IBDW | $2,318,716 | 1.00% | up ×6 |
| IBDX | $1,624,051 | 0.70% | up ×5 |
| EMB | $1,494,112 | 0.64% | up ×6 |
| XLU | $1,157,679 | 0.50% | up ×3 |
| XLB | $1,095,387 | 0.47% | up ×4 |
| XLRE | $1,007,815 | 0.43% | up ×3 |
| IBDY | $832,078 | 0.36% | up ×4 |
| VEU | $725,131 | 0.31% | up ×6 |
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| VEA | $474,535 | 6,660 | 0.20% |
| VGSH | $388,369 | 6,673 | 0.17% |
| IBTG | $85,059 | 3,716 | 0.04% |
| CMI | $71,321 | 100 | 0.03% |
| Unknown issuer (CUSIP: 46438G216) | $61,032 | 2,400 | 0.03% |
| IBIT | $55,461 | 1,666 | 0.02% |
| Unknown issuer (CUSIP: 06051YBX7) | $54,995 | 55,000 | 0.02% |
| FICO | $51,376 | 43 | 0.02% |
| ABT | $49,522 | 546 | 0.02% |
| Unknown issuer (CUSIP: 10606PKE0) | $45,456 | 50,000 | 0.02% |
| ORCL | $44,142 | 301 | 0.02% |
| PYZ | $42,338 | 336 | 0.02% |
| ADI | $40,909 | 103 | 0.02% |
| SPYD | $39,122 | 820 | 0.02% |
| IBCA | $35,854 | 1,400 | 0.02% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| IEFA | Bought more | +138K | +$14.1M |
| XLK | Bought more | +22K | +$6.6M |
| USMV | Bought more | +64K | +$6.3M |
| BND | Bought more | +63K | +$4.6M |
| IEMG | Bought more | +42K | +$4.5M |
| QUAL | Bought more | +19K | +$4.4M |
| IBDR | Bought more | +157K | +$3.8M |
| IBDU | Bought more | +158K | +$3.6M |
| IBDT | Bought more | +142K | +$3.6M |
| IBDS | Bought more | +141K | +$3.4M |
2 positions hidden (data completeness check)
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| IBDQ | Dec. 31, 2025 | 28,782 | $725,019 | No longer tracked |
| IBHE | Dec. 31, 2025 | 26,318 | $611,104 | No longer tracked |
| PFF | Dec. 31, 2025 | 14,114 | $446,285 | |
| IBMN | Dec. 31, 2025 | 15,739 | $421,648 | No longer tracked |
| BMY | June 30, 2025 | 1,514 | $92,339 | 42.7% |
| VUG | June 30, 2026 | 200 | $87,450 | No longer tracked |
| DFUS | June 30, 2025 | 1,380 | $83,462 | No longer tracked |
| DFAI | June 30, 2025 | 2,350 | $73,391 | No longer tracked |
| EIX | June 30, 2026 | 999 | $73,107 | -0.8% |
| UNH | June 30, 2025 | 104 | $54,470 | 24.2% |
| HD | June 30, 2025 | 140 | $51,309 | -8.5% |
| EOG | June 30, 2025 | 362 | $46,423 | 27.7% |
| EAI | March 31, 2025 | 1,994 | $43,668 | |
| DFAE | June 30, 2025 | 1,500 | $38,835 | No longer tracked |
| O | Sept. 30, 2025 | 667 | $38,426 | 3.9% |
| MA | June 30, 2025 | 62 | $33,983 | 2.4% |
| INDA | Sept. 30, 2025 | 600 | $33,408 | No longer tracked |
| BBAR | Sept. 30, 2025 | 2,000 | $32,920 | 72.0% |
| DFAS | June 30, 2025 | 550 | $32,863 | No longer tracked |
| XSLV | Dec. 31, 2025 | 697 | $32,278 | No longer tracked |
| CL | June 30, 2025 | 269 | $25,205 | -0.7% |
| DD | June 30, 2026 | 529 | $24,228 | 3.3% |
| DFCF | June 30, 2025 | 450 | $18,927 | No longer tracked |
| VYM | June 30, 2026 | 126 | $18,661 | No longer tracked |
| DGCB | June 30, 2025 | 350 | $18,610 | |
| TMO | March 31, 2025 | 34 | $17,687 | 24.7% |
| CSCO | June 30, 2025 | 280 | $17,279 | 60.0% |
| CWB | March 31, 2025 | 215 | $16,746 | No longer tracked |
| ACN | June 30, 2025 | 50 | $15,602 | -38.9% |
| GS | June 30, 2025 | 28 | $15,296 | 44.7% |
| GNTPRA | Sept. 30, 2025 | 703 | $15,016 | No longer tracked |
| SHM | June 30, 2025 | 300 | $14,280 | No longer tracked |
| UNP | June 30, 2025 | 58 | $13,702 | 33.1% |
| GUTPRC | Sept. 30, 2025 | 500 | $11,228 | No longer tracked |
| GGTPRE | Dec. 31, 2025 | 500 | $11,070 | No longer tracked |
| MRK | June 30, 2025 | 111 | $9,963 | 91.6% |
| FLGPRA | March 31, 2026 | 400 | $9,040 | No longer tracked |
| MO | Dec. 31, 2025 | 117 | $7,729 | 15.8% |
| NKE | March 31, 2025 | 100 | $7,567 | -36.1% |
| COF | March 31, 2026 | 31 | $7,513 | 19.3% |
| AUBPRA | March 31, 2026 | 300 | $7,299 | No longer tracked |
| DHR | June 30, 2025 | 33 | $6,765 | 8.4% |
| SBUX | June 30, 2025 | 67 | $6,572 | 13.1% |
| KMB | Dec. 31, 2025 | 52 | $6,466 | 7.5% |
| BKLN | Dec. 31, 2025 | 300 | $6,279 | No longer tracked |
| DFS | June 30, 2025 | 31 | $5,292 | No longer tracked |
| APD | Dec. 31, 2025 | 18 | $4,909 | 22.9% |
| PLD | June 30, 2025 | 31 | $3,465 | 34.4% |
| EVRG | Sept. 30, 2025 | 36 | $2,481 | 8.6% |
| CVS | Sept. 30, 2025 | 28 | $1,946 | 24.1% |
| WBD | June 30, 2025 | 178 | $1,910 | 148.0% |
| DOV | June 30, 2025 | 10 | $1,813 | 10.1% |
| SPIP | March 31, 2025 | 65 | $1,645 | No longer tracked |
| EYENXXXX | March 31, 2025 | 7,200 | $1,051 | No longer tracked |
| ALL | Sept. 30, 2025 | 1 | $201 | 19.4% |