Elm Partners Management LLC
CIK 1743941 · View on SEC EDGAR ↗
- Portfolio value
- $2.8B
- Positions
- 161
- As of
- June 30, 2026
#1,232 of 9,443 by 13F value · top 13.0%
Portfolio value QoQ: +20.8% 13F does not disclose cash
- Top 10 holdings weight
- 70.99%
- Top 25 holdings weight
- 91.48%
- Positions above 1%
- 20
- Effective number of positions
- 14.9
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 6.86% Est. buys $378,260,171 · sells $174,769,611
Median holding: 5.0 quarters Tracked Q4 2024–Q2 2026 · 85.2% still held
- New positions
- 14
- Increased
- 94
- Decreased
- 37
- Closed
- 11
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
Technology
1.9%
Healthcare
0.3%
Industrials
0.3%
Financial Services
0.2%
Communication Services
0.2%
Retail
0.2%
Financials
0.1%
Utilities
0.1%
Energy
0.1%
Materials
0.0%
Consumer products
0.0%
Consumer Staples
0.0%
Consumer Discretionary
0.0%
Communications
0.0%
Other/Unmapped
96.6%
Full portfolio 161 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| VTI | $431,623,332 | 15.49% | 1,166,423 | $132,360,161 | Up ×1 | ||
| VBIL Vanguard 0-3 Month Treasury Bill ETF | $289,236,551 | 10.38% | 3,821,836 | $149,879,220 | Up ×2 | ||
| VWO | $269,667,471 | 9.68% | 4,517,800 | $26,847,920 | Down ×1 | ||
| VGK | $206,305,821 | 7.40% | 2,330,086 | $37,219,693 | Up ×1 | ||
| ELM | $180,716,114 | 6.49% | 6,168,649 | $21,068,523 | Up ×2 | ||
| VPL | $144,675,726 | 5.19% | 1,250,547 | $28,998,749 | Up ×5 | ||
| IEMG | $140,243,997 | 5.03% | 1,692,950 | $19,664,258 | Down ×1 | ||
| SCHP | $126,889,690 | 4.55% | 4,788,290 | $-87,499,295 | Down ×1 | ||
| VOO | $97,224,941 | 3.49% | 141,560 | $35,209,584 | Up ×1 | ||
| VGSH Vanguard Short-Term Treasury ETF | $91,451,697 | 3.28% | 1,571,335 | $23,256,744 | Up ×1 | ||
| IEUR | $76,501,311 | 2.75% | 1,017,711 | $244,244 | Down ×1 | ||
| ITOT | $66,835,590 | 2.40% | 406,864 | $7,162,900 | Down ×1 | ||
| BBEU | $51,061,468 | 1.83% | 656,570 | $6,701,119 | Up ×5 | ||
| SPEM | $50,429,290 | 1.81% | 973,914 | $12,825,815 | Up ×1 | ||
| IPAC | $43,736,670 | 1.57% | 533,830 | $6,024,735 | Up ×3 | ||
| SCHH | $43,008,542 | 1.54% | 1,816,239 | $21,617,425 | Up ×4 | ||
| BND Vanguard Total Bond Market ETF | $35,892,979 | 1.29% | 488,939 | $-18,890,490 | Down ×2 | ||
| VTV | $35,812,136 | 1.29% | 164,329 | $8,940,532 | Up ×4 | ||
| BBCA | $31,512,537 | 1.13% | 317,028 | $2,116,800 | Down ×1 | ||
| VB | $28,558,770 | 1.02% | 94,216 | $6,875,004 | Up ×2 | ||
| AGG | $23,366,311 | 0.84% | 236,071 | $-3,938,132 | Down ×2 | ||
| SPYM | $22,971,398 | 0.82% | 261,395 | $7,254,007 | Up ×4 | ||
| SGOV iShares 0-3 Month Treasury Bond ETF | $21,403,247 | 0.77% | 212,608 | $-7,220,619 | Down ×4 | ||
| NVDA NVIDIA Corporation - Common Stock | $21,390,618 | 0.77% | 106,905 | $3,113,278 | Down ×1 | ||
| VNQ | $18,464,718 | 0.66% | 191,483 | $10,256,735 | Up ×1 | ||
| VTEB | $13,532,200 | 0.49% | 267,541 | $-5,150,118 | Down ×2 | ||
| STIP | $11,795,824 | 0.42% | 115,464 | $-6,735,777 | Down ×5 | ||
| IVV | $11,372,855 | 0.41% | 15,186 | $2,012,012 | Up ×2 | ||
| MUB | $11,131,467 | 0.40% | 103,433 | $-3,743,437 | Down ×1 | ||
| AAPL Apple Inc. - Common Stock | $7,575,945 | 0.27% | 26,182 | $1,215,131 | Up ×2 | ||
| VGT | $7,554,873 | 0.27% | 63,210 | $7,023,161 | Up ×6 | ||
| DFUS | $6,968,669 | 0.25% | 85,046 | $1,109,850 | |||
| EWC | $6,311,026 | 0.23% | 109,490 | $324,258 | Down ×6 | ||
| IUSV iShares Core S&P U.S. Value ETF | $6,121,128 | 0.22% | 55,571 | $1,122,162 | Up ×2 | ||
| XLK XLK | $5,835,537 | 0.21% | 30,630 | $2,406,910 | Up ×1 | ||
| CRWD CrowdStrike Holdings, Inc. - Class A Common Stock | $5,796,643 | 0.21% | 7,596 | $2,910,467 | Up ×1 | ||
| SCHF | $5,544,298 | 0.20% | 200,155 | $815,623 | Up ×6 | ||
| VEA | $4,688,178 | 0.17% | 65,799 | $965,208 | Up ×6 | ||
| SPY SPY | $4,616,788 | 0.17% | 6,182 | $702,610 | Down ×3 | ||
| LLY Eli Lilly and Company Common Stock | $4,609,166 | 0.17% | 3,843 | $1,171,689 | Down ×1 | ||
| AMD Advanced Micro Devices, Inc. - Common Stock | $4,564,355 | 0.16% | 7,857 | $3,025,245 | Up ×1 | ||
| BRKA | $4,493,100 | 0.16% | 6 | $216,900 | |||
| IJR | $4,436,402 | 0.16% | 29,913 | $1,715,182 | Up ×4 | ||
| VFH | $3,862,723 | 0.14% | 29,352 | $1,087,157 | Up ×1 | ||
| VIS | $3,404,582 | 0.12% | 9,447 | $1,298,292 | Up ×6 | ||
| XLF XLF | $3,221,075 | 0.12% | 60,083 | $705,945 | Up ×1 | ||
| LRCX Lam Research Corporation - Common Stock | $3,147,618 | 0.11% | 7,264 | $1,698,125 | Up ×1 | ||
| SCHB | $2,980,419 | 0.11% | 102,915 | $468,211 | Down ×2 | ||
| BN Brookfield Corporation Class A Limited Voting Shares | $2,973,284 | 0.11% | 69,812 | $270,202 | Up ×1 | ||
| COHR Coherent Corp. Common Stock | $2,843,158 | 0.10% | 7,208 | $-670,803 | Down ×2 | ||
| VOX | $2,765,579 | 0.10% | 15,034 | $686,992 | Up ×1 | ||
| VCR | $2,693,775 | 0.10% | 6,792 | $319,400 | Down ×2 | ||
| GOOGL Alphabet Inc. - Class A Common Stock | $2,654,524 | 0.10% | 7,428 | $635,735 | Up ×2 | ||
| IBM International Business Machines Corporation Common Stock | $2,616,152 | 0.09% | 9,303 | $154,297 | Down ×2 | ||
| SCHA | $2,596,195 | 0.09% | 71,857 | $626,971 | Up ×4 | ||
| VHT | $2,577,765 | 0.09% | 8,621 | $629,608 | Up ×1 | ||
| MSFT Microsoft Corporation - Common Stock | $2,427,789 | 0.09% | 6,508 | $502,268 | Up ×6 | ||
| GOOG Alphabet Inc. - Class C Capital Stock | $2,318,950 | 0.08% | 6,563 | $675,063 | Up ×2 | ||
| XLI XLI | $2,029,750 | 0.07% | 10,958 | $482,913 | Up ×5 | ||
| VUG | $1,955,094 | 0.07% | 22,697 | $1,719,798 | Up ×3 | ||
| RTX RTX Corporation Common Stock | $1,790,989 | 0.06% | 9,440 | $24,686 | Up ×4 | ||
| VIG | $1,760,168 | 0.06% | 7,439 | $238,221 | Up ×3 | ||
| IVE | $1,758,591 | 0.06% | 7,745 | $136,821 | Down ×1 | ||
| FLCA | $1,693,106 | 0.06% | 32,895 | $614,097 | Up ×1 | ||
| VEU | $1,663,980 | 0.06% | 19,868 | $218,553 | |||
| VXUS Vanguard Total International Stock ETF | $1,618,158 | 0.06% | 18,928 | $245,837 | Up ×1 | ||
| AVGO Broadcom Inc. - Common Stock | $1,593,160 | 0.06% | 4,217 | $484,791 | Up ×2 | ||
| XLY XLY | $1,590,200 | 0.06% | 13,559 | $1,004,738 | Up ×4 | ||
| IEFA | $1,496,728 | 0.05% | 15,497 | $370,078 | Up ×1 | ||
| AMZN Amazon.com, Inc. - Common Stock | $1,448,771 | 0.05% | 6,079 | $481,567 | Up ×2 | ||
| JPM JP Morgan Chase & Co. Common Stock | $1,354,518 | 0.05% | 4,138 | $180,188 | |||
| COST Costco Wholesale Corporation - Common Stock | $1,263,440 | 0.05% | 1,351 | $-80,783 | Up ×4 | ||
| MU Micron Technology, Inc. - Common Stock | $1,241,005 | 0.04% | 1,075 | $970,693 | Up ×1 | ||
| BRKB | $1,231,797 | 0.04% | 2,462 | $6,071 | Down ×1 | ||
| ABBV AbbVie Inc. Common Stock | $1,211,730 | 0.04% | 4,815 | $215,820 | Up ×6 | ||
| DUK Duke Energy Corporation (Holding Company) Common Stock | $1,197,827 | 0.04% | 9,463 | $-48,545 | |||
| IWF | $1,070,474 | 0.04% | 8,621 | $829,862 | Up ×2 | ||
| TIP | $1,029,732 | 0.04% | 9,410 | $501,492 | Up ×1 | ||
| IWM | $1,018,526 | 0.04% | 3,390 | $24,144 | Down ×1 | ||
| XLC XLC | $897,642 | 0.03% | 8,379 | $194,606 | Up ×2 | ||
| D Dominion Energy, Inc. Common Stock | $893,097 | 0.03% | 13,078 | $84,353 | |||
| VDC | $879,415 | 0.03% | 3,900 | $105,025 | Up ×2 | ||
| VBR | $838,384 | 0.03% | 3,450 | $101,523 | Down ×1 | ||
| IWV | $831,906 | 0.03% | 1,951 | Up ×1 | |||
| VRT Vertiv Holdings, LLC Class A Common Stock | $806,089 | 0.03% | 2,408 | $-3,656,505 | Down ×1 | ||
| CAT Caterpillar, Inc. Common Stock | $804,975 | 0.03% | 756 | $301,670 | Up ×3 | ||
| STX Seagate Technology Holdings PLC - Ordinary Shares (Ireland) | $802,436 | 0.03% | 832 | $502,344 | Up ×1 | ||
| META Meta Platforms, Inc. - Class A Common Stock | $800,013 | 0.03% | 1,420 | $31,601 | Down ×1 | ||
| XOM Exxon Mobil Corporation Common Stock | $776,518 | 0.03% | 5,680 | $-250,718 | Down ×1 | ||
| TSM Taiwan Semiconductor Manufacturing Company Ltd. | $774,213 | 0.03% | 1,621 | $263,382 | Up ×1 | ||
| IUSG iShares Core S&P U.S. Growth ETF | $771,132 | 0.03% | 4,100 | $159,851 | |||
| OEF | $762,107 | 0.03% | 2,083 | $120,106 | |||
| MKL Markel Group Inc. Common Stock | $710,896 | 0.03% | 364 | $24,217 | |||
| VOE | $706,191 | 0.03% | 3,574 | $60,876 | Up ×1 | ||
| OTF Blue Owl Technology Finance Corp. Common Stock | $682,665 | 0.02% | 65,958 | $131,256 | Up ×3 | ||
| ASML ASML Holding N.V. - New York Registry Shares | $678,556 | 0.02% | 341 | $251,965 | |||
| IVW | $639,215 | 0.02% | 4,648 | $159,830 | Up ×3 | ||
| BAC Bank of America Corporation Common Stock | $634,495 | 0.02% | 11,135 | $136,266 | Up ×3 | ||
| SCHV | $623,099 | 0.02% | 17,900 | $88,427 | Up ×4 | ||
| SRE DBA Sempra Common Stock | $588,135 | 0.02% | 6,344 | $-24,086 | Up ×2 | ||
| 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 |
|---|---|---|---|
| VPL | $144,675,726 | 5.19% | up ×5 |
| BBEU | $51,061,468 | 1.83% | up ×5 |
| IPAC | $43,736,670 | 1.57% | up ×3 |
| SCHH | $43,008,542 | 1.54% | up ×4 |
| VTV | $35,812,136 | 1.29% | up ×4 |
| SPYM | $22,971,398 | 0.82% | up ×4 |
| VGT | $7,554,873 | 0.27% | up ×6 |
| SCHF | $5,544,298 | 0.20% | up ×6 |
| VEA | $4,688,178 | 0.17% | up ×6 |
| IJR | $4,436,402 | 0.16% | up ×4 |
| VIS | $3,404,582 | 0.12% | up ×6 |
| SCHA | $2,596,195 | 0.09% | up ×4 |
| MSFT | $2,427,789 | 0.09% | up ×6 |
| XLI | $2,029,750 | 0.07% | up ×5 |
| VUG | $1,955,094 | 0.07% | up ×3 |
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| IWV | $831,906 | 1,951 | 0.03% |
| VPU | $539,432 | 2,756 | 0.02% |
| VDE | $464,953 | 3,097 | 0.02% |
| VV | $364,581 | 1,060 | 0.01% |
| AMAT | $286,018 | 396 | 0.01% |
| DFAC | $275,086 | 6,201 | 0.01% |
| NVO | $252,535 | 5,330 | 0.01% |
| EBAY | $252,332 | 2,258 | 0.01% |
| ELV | $246,680 | 638 | 0.01% |
| CSCO | $221,662 | 1,887 | 0.01% |
| CSL | $218,738 | 603 | 0.01% |
| IJT | $207,815 | 1,164 | 0.01% |
| AFL | $206,712 | 1,763 | 0.01% |
| XLB | $206,319 | 4,059 | 0.01% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| VBIL | Bought more | +2.0M | +$149.9M |
| VTI | Bought more | +206K | +$132.4M |
| SCHP | Trimmed | -3.3M | -$87.5M |
| VGK | Bought more | +213K | +$37.2M |
| VOO | Bought more | +35K | +$35.2M |
| VPL | Bought more | +25K | +$29.0M |
| VWO | Trimmed | -114K | +$26.8M |
| VGSH | Bought more | +405K | +$23.3M |
| SCHH | Bought more | +806K | +$21.6M |
| ELM | Bought more | +162K | +$21.1M |
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 |
|---|---|---|---|---|
| VEU | March 31, 2025 | 55,912 | $3,209,926 | No longer tracked |
| LQD | March 31, 2025 | 27,577 | $2,946,327 | No longer tracked |
| SCZ | March 31, 2025 | 38,789 | $2,356,432 | |
| SCHC | March 31, 2025 | 60,945 | $2,092,242 | No longer tracked |
| BTC | March 31, 2026 | 27,600 | $1,068,948 | No longer tracked |
| KMI | Sept. 30, 2025 | 33,722 | $991,434 | 11.5% |
| XLV | March 31, 2025 | 6,932 | $953,635 | No longer tracked |
| CTRA | Sept. 30, 2025 | 27,540 | $698,965 | No longer tracked |
| ALNY | June 30, 2026 | 2,043 | $645,772 | -23.7% |
| XLV | June 30, 2026 | 4,389 | $631,226 | No longer tracked |
| XLV | Dec. 31, 2025 | 4,446 | $618,750 | No longer tracked |
| PLD | June 30, 2026 | 4,030 | $518,983 | 4.3% |
| XLP | Sept. 30, 2025 | 5,784 | $468,330 | No longer tracked |
| VDC | March 31, 2025 | 1,994 | $421,492 | No longer tracked |
| DLO | June 30, 2026 | 32,000 | $396,800 | 12.0% |
| VDE | March 31, 2025 | 2,996 | $363,445 | No longer tracked |
| MELI | June 30, 2026 | 224 | $362,701 | 14.1% |
| BNDX | Dec. 31, 2025 | 7,187 | $355,478 | |
| XLU | March 31, 2026 | 7,932 | $338,617 | No longer tracked |
| STNE | June 30, 2025 | 31,436 | $329,449 | -41.9% |
| VDE | Dec. 31, 2025 | 2,535 | $319,055 | No longer tracked |
| VWOB | June 30, 2026 | 4,755 | $309,693 | |
| PLTR | March 31, 2026 | 1,716 | $305,019 | 18.3% |
| VAW | March 31, 2025 | 1,599 | $300,356 | No longer tracked |
| SCHX | March 31, 2025 | 12,482 | $289,326 | No longer tracked |
| SUSB | Dec. 31, 2025 | 10,819 | $273,829 | |
| NVO | March 31, 2026 | 5,330 | $272,097 | 27.1% |
| LMND | March 31, 2026 | 3,800 | $270,484 | -18.0% |
| BSV | June 30, 2026 | 3,341 | $261,600 | No longer tracked |
| XLRE | March 31, 2025 | 5,896 | $239,790 | No longer tracked |
| GS | June 30, 2026 | 293 | $236,643 | 1.3% |
| IWN | June 30, 2025 | 1,508 | $227,678 | No longer tracked |
| ELV | March 31, 2026 | 637 | $223,300 | 36.6% |
| VGIT | June 30, 2026 | 3,712 | $220,604 | |
| DXJ | June 30, 2025 | 2,000 | $220,360 | No longer tracked |
| XLB | March 31, 2025 | 2,616 | $220,110 | No longer tracked |
| SLV | June 30, 2026 | 3,427 | $217,683 | No longer tracked |
| WFC | June 30, 2026 | 2,708 | $207,968 | 2.4% |
| TSLA | March 31, 2026 | 461 | $207,321 | -6.2% |
| EBAY | Dec. 31, 2025 | 2,246 | $204,274 | 19.4% |
| IWM | March 31, 2025 | 921 | $203,504 | No longer tracked |