Elm Partners Management LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 28, 2026), Elm Partners Management LLC reported 161 stock positions worth $2.8 billion. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 15.5% of the portfolio, followed by Vanguard 0-3M T-Bill ETF (VBIL, 10.4%) and Vanguard Ftse Emerging Marke (VWO, 9.7%). Compared with Q1 2026, it opened 14 new positions, sold out of 11, added to 93 and reduced 38. The biggest buy was Vanguard 0-3M T-Bill ETF (VBIL, shares +107%) and the biggest sale Schwab U.S. Tips ETF (SCHP, shares −41%).
- Most Recent 13F
- Q2 2026
- Location
- Philadelphia, PA
- CIK
- 0001743941
- Portfolio Value
- $2.8B (Q2 2026)
- SEC Filing
- 0001172661-26-002875 ↗ filed Jul 28, 2026
Holdings Value
Holdings 161 stocks · $2.8B
| VTI VG Morningstar TS MKT ETF-US | 15.49% | 1,166,423 | $431.6M | Add +21.5% |
| VBIL Vanguard 0-3M T-Bill ETF | 10.38% | 3,821,836 | $289.2M | Add +107.4% |
| VWO Vanguard Ftse Emerging Marke | 9.68% | 4,517,800 | $269.7M | Reduce -2.5% |
| VGK Vanguard Ftse Europe ETF | 7.40% | 2,330,086 | $206.3M | Add +10.1% |
| ELM Elm Market Navigator ETF | 6.49% | 6,168,649 | $180.7M | Add +2.7% |
| VPL Vanguard Ftse Pacific ETF | 5.19% | 1,250,547 | $144.7M | Add +2.1% |
| IEMG iShares Core MSCI Emerging | 5.03% | 1,692,950 | $140.2M | Reduce -5.5% |
| SCHP Schwab U.S. Tips ETF | 4.55% | 4,788,290 | $126.9M | Reduce -40.6% |
| VOO Vanguard S&P 500 ETF | 3.49% | 141,560 | $97.2M | Add +32.6% |
| VGSH Vanguard Short-Term Treasury | 3.28% | 1,571,335 | $91.5M | Add +34.8% |
| IEUR iShares Core MSCI Europe ETF | 2.75% | 1,017,711 | $76.5M | Reduce -9.1% |
| ITOT iShares Core S&P Total U.S. | 2.40% | 406,864 | $66.8M | Reduce -5.7% |
| BBEU JPMorgan Betabuilders Europe | 1.83% | 656,570 | $51.1M | Add +3.8% |
| SPEM State Street SP PTF Em ETF | 1.81% | 973,914 | $50.4M | Add +17.8% |
| IPAC iShares Core MSCI Pacific Et | 1.57% | 533,830 | $43.7M | Add +5.1% |
| SCHH Schwab US REIT ETF | 1.54% | 1,816,239 | $43.0M | Add +79.8% |
| BND Vanguard Total Bond Market | 1.29% | 488,939 | $35.9M | Reduce -34.4% |
| VTV Vanguard Mrngstr Val ETF-Aui | 1.29% | 164,329 | $35.8M | Add +18.0% |
| BBCA JPMorgan Betabuilders Canada | 1.13% | 317,028 | $31.5M | Reduce -1.1% |
| VB Vanguard Most SM-Cap ETF-Usd | 1.02% | 94,216 | $28.6M | Add +10.3% |
| AGG iShares Core U.S. Aggregate | 0.84% | 236,071 | $23.4M | Reduce -14.4% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.82% | 261,395 | $23.0M | Add +23.7% |
| SGOV iShares 0-3 Month Treasury B | 0.77% | 212,608 | $21.4M | Reduce -25.2% |
| NVDA Nvidia Corp. | 0.77% | 106,905 | $21.4M | Reduce -3.4% |
| VNQ Vanguard Real Estate ETF | 0.66% | 191,483 | $18.5M | Add +103.7% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.49% | 267,541 | $13.5M | Reduce -28.7% |
| STIP iShares 0-5 Year Tips Bond E | 0.42% | 115,464 | $11.8M | Reduce -35.6% |
| IVV iShares Core S&P 500 ETF | 0.41% | 15,186 | $11.4M | Add +3.0% |
| MUB iShares National Muni Bond E | 0.40% | 103,433 | $11.1M | Reduce -26.3% |
| AAPL Apple Inc. | 0.27% | 26,182 | $7.6M | Add +1.5% |
| VGT Vanguard Info Tech ETF | 0.27% | 63,210 | $7.6M | Add +24.2% |
| DFUS Dimensional US Eq MKT ETF | 0.25% | 85,046 | $7.0M | No change |
| EWC iShares MSCI Canada ETF | 0.23% | 109,490 | $6.3M | Reduce -2.3% |
| IUSV iShares Core S&P U.S. Value | 0.22% | 55,571 | $6.1M | Add +11.7% |
| XLK SS Technology Select Sector | 0.21% | 30,630 | $5.8M | Add +13.9% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.21% | 7,596 | $5.8M | Add +0.0% |
| SCHF Schwab Intl Equity ETF | 0.20% | 200,155 | $5.5M | Add +1.5% |
| VEA Vanguard Ftse Developed ETF | 0.17% | 65,799 | $4.7M | Add +9.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.17% | 6,182 | $4.6M | Reduce -0.2% |
| LLY Eli Lilly & Co. | 0.17% | 3,843 | $4.6M | Reduce -0.9% |
| AMD Advanced Micro Devices | 0.16% | 7,857 | $4.6M | Add +0.1% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.16% | 6 | $4.5M | No change |
| IJR iShares Core S&P Small-Cap E | 0.16% | 29,913 | $4.4M | Add +32.9% |
| VFH Vanguard Financials ETF | 0.14% | 29,352 | $3.9M | Add +25.0% |
| VIS Vanguard Industrials ETF | 0.12% | 9,447 | $3.4M | Add +35.4% |
| XLF SS Financial Select Sector | 0.12% | 60,083 | $3.2M | Add +15.5% |
| LRCX Lam Research Corp. | 0.11% | 7,264 | $3.1M | Add +0.2% |
| SCHB Schwab US Broad Market ETF | 0.11% | 102,915 | $3.0M | Reduce -0.1% |
| BN Brookfield Corp. | 0.11% | 69,812 | $3.0M | Add +0.0% |
| COHR Coherent Corp. | 0.10% | 7,208 | $2.8M | Reduce -54.9% |
| VOX Vanguard Communication Servi | 0.10% | 15,034 | $2.8M | Add +25.7% |
| VCR Vanguard Consumer Discre ETF | 0.10% | 6,792 | $2.7M | Reduce -0.5% |
| GOOGL Alphabet Inc. Class A | 0.10% | 7,428 | $2.7M | Add +0.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.09% | 9,303 | $2.6M | Reduce -10.3% |
| SCHA Schwab US Small-Cap ETF | 0.09% | 71,857 | $2.6M | Add +2.5% |
| VHT Vanguard Health Care ETF | 0.09% | 8,621 | $2.6M | Add +17.9% |
| MSFT Microsoft Corp. | 0.09% | 6,508 | $2.4M | Add +21.3% |
| GOOG Alphabet Inc. Class C | 0.08% | 6,563 | $2.3M | Add +9.1% |
| XLI SS Industrial Select Sector | 0.07% | 10,958 | $2.0M | Add +10.9% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.07% | 22,697 | $2.0M | Add +12.6% |
| RTX RTX Corp. | 0.06% | 9,440 | $1.8M | Add +0.0% |
| VIG Vanguard Dividend Apprec ETF | 0.06% | 7,439 | $1.8M | Add +3.0% |
| IVE iShares S&P 500 Value ETF | 0.06% | 7,745 | $1.8M | Reduce -0.8% |
| FLCA Franklin Ftse Canada ETF | 0.06% | 32,895 | $1.7M | Add +45.5% |
| VEU Vanguard Ftse All-World Ex-U | 0.06% | 19,868 | $1.7M | No change |
| VXUS Vanguard Total Intl Stock | 0.06% | 18,928 | $1.6M | Add +2.9% |
| AVGO Broadcom Inc. | 0.06% | 4,217 | $1.6M | Add +11.6% |
| XLY SS Consumer Disc Select Sect | 0.06% | 13,559 | $1.6M | Add +144.7% |
| IEFA iShares Core MSCI Eafe ETF | 0.05% | 15,497 | $1.5M | Add +20.6% |
| AMZN Amazon.com Inc. | 0.05% | 6,079 | $1.4M | Add +26.3% |
| JPM JPMorgan Chase & Co. | 0.05% | 4,138 | $1.4M | No change |
| COST Costco Wholesale Corp. | 0.05% | 1,351 | $1.3M | Add +0.1% |
| MU Micron Technology Inc. | 0.04% | 1,075 | $1.2M | Add +28.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.04% | 2,462 | $1.2M | Reduce -4.7% |
| ABBV Abbvie Inc. | 0.04% | 4,815 | $1.2M | Add +3.0% |
| DUK Duke Energy Corp. | 0.04% | 9,463 | $1.2M | No change |
| IWF iShares Russell 1000 Growth | 0.04% | 8,621 | $1.1M | Reduce -8.0% |
| TIP iShares Tips Bond ETF | 0.04% | 9,410 | $1.0M | Add +96.6% |
| IWM iShares Russell 2000 ETF | 0.04% | 3,390 | $1.0M | Reduce -18.3% |
| XLC SS Comm Select Sector SPDR | 0.03% | 8,379 | $898K | Add +28.7% |
| D Dominion Energy Inc. | 0.03% | 13,078 | $893K | No change |
| VDC Vanguard Consumer Staple ETF | 0.03% | 3,900 | $879K | Add +12.8% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.03% | 3,450 | $838K | Reduce -0.6% |
| IWV iShares Russell 3000 ETF | 0.03% | 1,951 | $832K | New |
| VRT Vertiv Holdings Co. Class A | 0.03% | 2,408 | $806K | Reduce -87.4% |
| CAT Caterpillar Inc. | 0.03% | 756 | $805K | Add +0.3% |
| STX Seagate Technology Holdings | 0.03% | 832 | $802K | Add +0.5% |
| META Meta Platforms Inc. Class A | 0.03% | 1,420 | $800K | Reduce -0.9% |
| XOM Exxon Mobil Corp. | 0.03% | 5,680 | $777K | Reduce -5.2% |
| TSM Taiwan Semiconductor-SP ADR | 0.03% | 1,621 | $774K | Add +0.4% |
| IUSG iShares Core S&P U.S. Growth | 0.03% | 4,100 | $771K | No change |
| OEF iShares S&P 100 ETF | 0.03% | 2,083 | $762K | No change |
| MKL Markel Group Inc. | 0.03% | 364 | $711K | No change |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.03% | 3,574 | $706K | Add +0.5% |
| OTF Blue Owl Technology Finance | 0.02% | 65,958 | $683K | Add +50.0% |
| ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV | 0.02% | 341 | $679K | No change |
| IVW iShares S&P 500 Growth ETF | 0.02% | 4,648 | $639K | Add +5.4% |
| BAC Bank of America Corp. | 0.02% | 11,135 | $634K | Add +5.6% |
| SCHV Schwab US Large-Cap Value | 0.02% | 17,900 | $623K | Add +0.1% |
| SRE Sempra | 0.02% | 6,344 | $588K | Add +0.1% |
Portfolio Sells Q1 2026 → Q2 2026
| SCHP Schwab U.S. Tips ETF | Reduce -40.6% | 4.55% | −4.74 |
| BND Vanguard Total Bond Market | Reduce -34.4% | 1.29% | −1.09 |
| VWO Vanguard Ftse Emerging Marke | Reduce -2.5% | 9.68% | −0.85 |
| IEUR iShares Core MSCI Europe ETF | Reduce -9.1% | 2.75% | −0.56 |
| SGOV iShares 0-3 Month Treasury B | Reduce -25.2% | 0.77% | −0.47 |
| STIP iShares 0-5 Year Tips Bond E | Reduce -35.6% | 0.42% | −0.38 |
| AGG iShares Core U.S. Aggregate | Reduce -14.4% | 0.84% | −0.34 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -28.7% | 0.49% | −0.32 |
| MUB iShares National Muni Bond E | Reduce -26.3% | 0.40% | −0.25 |
| IEMG iShares Core MSCI Emerging | Reduce -5.5% | 5.03% | −0.19 |
| ITOT iShares Core S&P Total U.S. | Reduce -5.7% | 2.40% | −0.19 |
| VRT Vertiv Holdings Co. Class A | Reduce -87.4% | 0.03% | −0.16 |
| BBCA JPMorgan Betabuilders Canada | Reduce -1.1% | 1.13% | −0.14 |
| COHR Coherent Corp. | Reduce -54.9% | 0.10% | −0.05 |
| EWC iShares MSCI Canada ETF | Reduce -2.3% | 0.23% | −0.03 |
| ALNY Alnylam Pharmaceuticals Inc. | Sold out | 0.00% | −0.03 |
| XLV SS Health Care Select Sector | Sold out | 0.00% | −0.03 |
| NVDA Nvidia Corp. | Reduce -3.4% | 0.77% | −0.02 |
| PLD Prologis Inc. | Sold out | 0.00% | −0.02 |
| DLO Dlocal Ltd. | Sold out | 0.00% | −0.02 |
| XOM Exxon Mobil Corp. | Reduce -5.2% | 0.03% | −0.02 |
| MELI MercadoLibre Inc. | Sold out | 0.00% | −0.02 |
| VWOB Vanguard Emerg MKTS Gov BND | Sold out | 0.00% | −0.01 |
| IBM Intl Business Machines Corp. | Reduce -10.3% | 0.09% | −0.01 |
| BSV Vanguard Short-Term Bond ETF | Sold out | 0.00% | −0.01 |
| GS Goldman Sachs Group Inc. | Sold out | 0.00% | −0.01 |
| VGIT Vanguard Intermediate-Term T | Sold out | 0.00% | −0.01 |
| SLV iShares Silver Trust | Sold out | 0.00% | −0.01 |
| WFC Wells Fargo & Co. | Sold out | 0.00% | −0.01 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -4.7% | 0.04% | −0.01 |
| NFLX Netflix Inc. | Reduce -20.3% | 0.01% | −0.01 |
| IVE iShares S&P 500 Value ETF | Reduce -0.8% | 0.06% | −0.01 |
| IWM iShares Russell 2000 ETF | Reduce -18.3% | 0.04% | −0.01 |
| VCR Vanguard Consumer Discre ETF | Reduce -0.5% | 0.10% | −0.01 |
| META Meta Platforms Inc. Class A | Reduce -0.9% | 0.03% | −0.00 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.2% | 0.17% | −0.00 |
| IWO iShares Russell 2000 Growth | Reduce -25.5% | 0.01% | −0.00 |
| VST Vistra Corp. | Reduce -3.0% | 0.02% | −0.00 |
| DIS The Walt Disney Co. | Reduce -9.8% | 0.01% | −0.00 |
| SPYV SS SPDR P S&P 500 Value ETF | Reduce -13.3% | 0.01% | −0.00 |
| XLP SS Consumer Staples Sel Sect | Reduce -0.1% | 0.01% | −0.00 |
| SCHB Schwab US Broad Market ETF | Reduce -0.1% | 0.11% | −0.00 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -0.6% | 0.03% | −0.00 |
| IWD iShares Russell 1000 Value E | Reduce -4.9% | 0.01% | −0.00 |
| IJJ iShares S&P Mid-Cap 400 Valu | Reduce -0.9% | 0.01% | −0.00 |
| IJK iShares S&P Mid-Cap 400 Grow | Reduce -0.2% | 0.01% | 0.00 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -0.7% | 0.01% | +0.00 |
| LLY Eli Lilly & Co. | Reduce -0.9% | 0.17% | +0.02 |
| IWF iShares Russell 1000 Growth | Reduce -8.0% | 0.04% | +0.03 |
Portfolio Buys Q1 2026 → Q2 2026
| VBIL Vanguard 0-3M T-Bill ETF | Add +107.4% | 10.38% | +4.34 |
| VTI VG Morningstar TS MKT ETF-US | Add +21.5% | 15.49% | +2.52 |
| VOO Vanguard S&P 500 ETF | Add +32.6% | 3.49% | +0.80 |
| SCHH Schwab US REIT ETF | Add +79.8% | 1.54% | +0.62 |
| VGSH Vanguard Short-Term Treasury | Add +34.8% | 3.28% | +0.33 |
| VNQ Vanguard Real Estate ETF | Add +103.7% | 0.66% | +0.31 |
| VGT Vanguard Info Tech ETF | Add +24.2% | 0.27% | +0.25 |
| SPEM State Street SP PTF Em ETF | Add +17.8% | 1.81% | +0.18 |
| VPL Vanguard Ftse Pacific ETF | Add +2.1% | 5.19% | +0.18 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +23.7% | 0.82% | +0.14 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +18.0% | 1.29% | +0.12 |
| AMD Advanced Micro Devices | Add +0.1% | 0.16% | +0.10 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +10.3% | 1.02% | +0.09 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +0.0% | 0.21% | +0.08 |
| VGK Vanguard Ftse Europe ETF | Add +10.1% | 7.40% | +0.07 |
| XLK SS Technology Select Sector | Add +13.9% | 0.21% | +0.06 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +12.6% | 0.07% | +0.06 |
| LRCX Lam Research Corp. | Add +0.2% | 0.11% | +0.05 |
| IJR iShares Core S&P Small-Cap E | Add +32.9% | 0.16% | +0.04 |
| MU Micron Technology Inc. | Add +28.0% | 0.04% | +0.03 |
| XLY SS Consumer Disc Select Sect | Add +144.7% | 0.06% | +0.03 |
| VIS Vanguard Industrials ETF | Add +35.4% | 0.12% | +0.03 |
| IWV iShares Russell 3000 ETF | New | 0.03% | +0.03 |
| VPU Vanguard Utilities ETF | New | 0.02% | +0.02 |
| VFH Vanguard Financials ETF | Add +25.0% | 0.14% | +0.02 |
| VDE Vanguard Energy ETF | New | 0.02% | +0.02 |
| STX Seagate Technology Holdings | Add +0.5% | 0.03% | +0.02 |
| TIP iShares Tips Bond ETF | Add +96.6% | 0.04% | +0.01 |
| FLCA Franklin Ftse Canada ETF | Add +45.5% | 0.06% | +0.01 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | New | 0.01% | +0.01 |
| GOOG Alphabet Inc. Class C | Add +9.1% | 0.08% | +0.01 |
| AMAT Applied Materials Inc. | New | 0.01% | +0.01 |
| AMZN Amazon.com Inc. | Add +26.3% | 0.05% | +0.01 |
| DFAC Dimensional US Core Equity 2 | New | 0.01% | +0.01 |
| VOX Vanguard Communication Servi | Add +25.7% | 0.10% | +0.01 |
| AVGO Broadcom Inc. | Add +11.6% | 0.06% | +0.01 |
| EBAY eBay Inc. | New | 0.01% | +0.01 |
| NVO Novo-Nordisk A/S-Spons ADR | New | 0.01% | +0.01 |
| ELV Elevance Health Inc. | New | 0.01% | +0.01 |
| VHT Vanguard Health Care ETF | Add +17.9% | 0.09% | +0.01 |
| CSCO Cisco Systems Inc. | New | 0.01% | +0.01 |
| GOOGL Alphabet Inc. Class A | Add +0.6% | 0.10% | +0.01 |
| CSL Carlisle Cos Inc. | New | 0.01% | +0.01 |
| SCHA Schwab US Small-Cap ETF | Add +2.5% | 0.09% | +0.01 |
| IJT iShares S&P Small-Cap 600 GR | New | 0.01% | +0.01 |
| AFL Aflac Inc. | New | 0.01% | +0.01 |
| XLB SS Materials Select Sector | New | 0.01% | +0.01 |
| CAT Caterpillar Inc. | Add +0.3% | 0.03% | +0.01 |
| VEA Vanguard Ftse Developed ETF | Add +9.6% | 0.17% | +0.01 |
| XLF SS Financial Select Sector | Add +15.5% | 0.12% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 161 | $2.8B | VTI, VBIL, VWO, VGK, ELM |
| Q1 2026 | 158 | $2.3B | VTI, VWO, SCHP, VGK, ELM |
| Q4 2025 | 154 | $2.2B | VTI, VWO, SCHP, VGK, ELM |
| Q3 2025 | 146 | $2.0B | VTI, VWO, ELM, VGK, SCHP |
| Q2 2025 | 97 | $1.7B | VTI, VWO, ELM, VGK, SGOV |
| Q1 2025 | 66 | $1.6B | ELM, SCHP, VWO, VGK, VTI |
| Q4 2024 | 68 | $1.5B | VTI, VWO, ITOT, IEMG, SGOV |
| Q3 2024 | 60 | $1.4B | VTI, VWO, ITOT, IEMG, VGK |
| Q2 2024 | 60 | $1.3B | VTI, ITOT, VWO, VGK, IEMG |
| Q1 2024 | 61 | $1.3B | VTI, ITOT, VWO, VGK, IEMG |