Elm Partners Management LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 30, 2024), Elm Partners Management LLC reported 61 stock positions worth $1.3 billion. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 13.9% of the portfolio, followed by iShares Core S&P Total U.S. (ITOT, 9.8%) and Vanguard Ftse Emerging Marke (VWO, 9.3%). Compared with Q4 2023, it opened 10 new positions, sold out of 1, added to 27 and reduced 16. The biggest buy was iShares 0-3 Month Treasury B (SGOV, shares +49%) and the biggest sale Schwab U.S. Tips ETF (SCHP, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- Philadelphia, PA
- CIK
- 0001743941
- Portfolio Value
- $1.3B (Q1 2024)
- SEC Filing
- 0001951757-24-000417 ↗ filed Apr 30, 2024
Holdings Value
Holdings 61 stocks · $1.3B
| VTI VG Morningstar TS MKT ETF-US | 13.90% | 675,969 | $175.7M | Add +13.7% |
| ITOT iShares Core S&P Total U.S. | 9.84% | 1,079,047 | $124.4M | Add +4.9% |
| VWO Vanguard Ftse Emerging Marke | 9.27% | 2,805,129 | $117.2M | Add +21.6% |
| VGK Vanguard Ftse Europe ETF | 9.13% | 1,714,191 | $115.4M | Add +6.6% |
| IEMG iShares Core MSCI Emerging | 9.03% | 2,212,047 | $114.1M | Add +29.6% |
| SGOV iShares 0-3 Month Treasury B | 7.26% | 910,738 | $91.7M | Add +49.0% |
| VPL Vanguard Ftse Pacific ETF | 4.83% | 803,444 | $61.1M | Add +12.0% |
| SCHP Schwab U.S. Tips ETF | 4.72% | 1,142,511 | $59.6M | Reduce -2.4% |
| IEUR iShares Core MSCI Europe ETF | 4.30% | 939,939 | $54.4M | Reduce -6.7% |
| HYLB Xtrackers Usd High Yield Cor | 4.25% | 1,505,008 | $53.7M | Add +9.2% |
| IPAC iShares Core MSCI Pacific Et | 2.97% | 592,531 | $37.5M | Add +7.6% |
| VNQ Vanguard Real Estate ETF | 2.46% | 358,987 | $31.0M | Reduce -9.2% |
| AGG iShares Core U.S. Aggregate | 1.62% | 208,857 | $20.5M | Reduce -6.9% |
| IVV iShares Core S&P 500 ETF | 1.54% | 36,971 | $19.4M | Reduce -3.2% |
| BBCA JPMorgan Betabuilders Canada | 1.45% | 274,459 | $18.3M | Add +21.6% |
| IAU iShares Gold Trust | 1.23% | 370,268 | $15.6M | Add +8.3% |
| VOO Vanguard S&P 500 ETF | 1.16% | 30,501 | $14.7M | Add +2.9% |
| VB Vanguard Most SM-Cap ETF-Usd | 1.15% | 63,457 | $14.5M | Reduce -5.3% |
| MUB iShares National Muni Bond E | 1.13% | 132,500 | $14.3M | Reduce -10.8% |
| VTV Vanguard Mrngstr Val ETF-Aui | 1.11% | 85,772 | $14.0M | Add +7.0% |
| VGSH Vanguard Short-Term Treasury | 1.00% | 216,643 | $12.6M | Add +27.6% |
| VNQI Vanguard GLBL Ex-US Real Est | 0.94% | 281,750 | $11.9M | Reduce -8.4% |
| STIP iShares 0-5 Year Tips Bond E | 0.80% | 101,956 | $10.1M | Reduce -11.1% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.71% | 177,434 | $9.0M | Reduce -33.5% |
| BND Vanguard Total Bond Market | 0.46% | 79,658 | $5.8M | Reduce -51.5% |
| EWC iShares MSCI Canada ETF | 0.41% | 135,099 | $5.2M | Reduce -3.0% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.34% | 39,249 | $4.3M | Add +4.8% |
| IUSV iShares Core S&P U.S. Value | 0.33% | 46,408 | $4.2M | Reduce -0.1% |
| SCHH Schwab US REIT ETF | 0.29% | 179,109 | $3.6M | Add +313.2% |
| VEU Vanguard Ftse All-World Ex-U | 0.26% | 55,912 | $3.3M | No change |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.26% | 35,225 | $3.2M | Reduce -18.5% |
| SCHF Schwab Intl Equity ETF | 0.21% | 67,103 | $2.6M | New |
| SCZ iShares MSCI Eafe Small-Cap | 0.20% | 39,678 | $2.5M | No change |
| SCHC Schwab Intl Small-Cap Equity | 0.17% | 60,668 | $2.2M | No change |
| IJR iShares Core S&P Small-Cap E | 0.17% | 18,997 | $2.1M | Add +0.1% |
| XLK SS Technology Select Sector | 0.15% | 9,216 | $1.9M | Add +52.5% |
| SCHB Schwab US Broad Market ETF | 0.10% | 21,587 | $1.3M | Add +97.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.08% | 1,905 | $996K | Add +11.9% |
| IVE iShares S&P 500 Value ETF | 0.08% | 5,232 | $977K | New |
| VFH Vanguard Financials ETF | 0.07% | 8,719 | $893K | Add +32.2% |
| SCHA Schwab US Small-Cap ETF | 0.06% | 14,362 | $707K | Reduce -1.2% |
| XLV SS Health Care Select Sector | 0.05% | 4,519 | $668K | Add +52.6% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.04% | 7,069 | $549K | Reduce -6.3% |
| XLC SS Comm Select Sector SPDR | 0.04% | 6,016 | $491K | Add +45.3% |
| VDC Vanguard Consumer Staple ETF | 0.04% | 2,315 | $473K | Add +28.3% |
| VEA Vanguard Ftse Developed ETF | 0.04% | 9,097 | $456K | New |
| XLY SS Consumer Disc Select Sect | 0.03% | 2,119 | $390K | Add +1.0% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.03% | 2,484 | $387K | New |
| XLI SS Industrial Select Sector | 0.03% | 3,047 | $384K | New |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.03% | 1,972 | $378K | New |
| VHT Vanguard Health Care ETF | 0.03% | 1,325 | $358K | No change |
| VIS Vanguard Industrials ETF | 0.03% | 1,442 | $352K | No change |
| VGT Vanguard Info Tech ETF | 0.03% | 613 | $321K | No change |
| SCHV Schwab US Large-Cap Value | 0.02% | 4,095 | $311K | New |
| IWD iShares Russell 1000 Value E | 0.02% | 1,681 | $301K | Add +14.2% |
| XLB SS Materials Select Sector | 0.02% | 3,107 | $289K | Add +20.1% |
| IWS iShares Russell Mid-Cap Valu | 0.02% | 2,221 | $278K | New |
| VOX Vanguard Communication Servi | 0.02% | 1,962 | $257K | No change |
| VCR Vanguard Consumer Discre ETF | 0.02% | 800 | $254K | No change |
| IWN iShares Russell 2000 Value E | 0.02% | 1,561 | $248K | New |
| XLF SS Financial Select Sector | 0.02% | 4,864 | $205K | New |
Portfolio Sells Q4 2023 → Q1 2024
| SCHP Schwab U.S. Tips ETF | Reduce -2.4% | 4.72% | −0.84 |
| IEUR iShares Core MSCI Europe ETF | Reduce -6.7% | 4.30% | −0.74 |
| VNQ Vanguard Real Estate ETF | Reduce -9.2% | 2.46% | −0.72 |
| BND Vanguard Total Bond Market | Reduce -51.5% | 0.46% | −0.64 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -33.5% | 0.71% | −0.53 |
| AGG iShares Core U.S. Aggregate | Reduce -6.9% | 1.62% | −0.41 |
| MUB iShares National Muni Bond E | Reduce -10.8% | 1.13% | −0.34 |
| VNQI Vanguard GLBL Ex-US Real Est | Reduce -8.4% | 0.94% | −0.25 |
| STIP iShares 0-5 Year Tips Bond E | Reduce -11.1% | 0.80% | −0.23 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -5.3% | 1.15% | −0.15 |
| IVV iShares Core S&P 500 ETF | Reduce -3.2% | 1.54% | −0.12 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -18.5% | 0.26% | −0.10 |
| EWC iShares MSCI Canada ETF | Reduce -3.0% | 0.41% | −0.06 |
| TIP iShares Tips Bond ETF | Sold out | 0.00% | −0.05 |
| IUSV iShares Core S&P U.S. Value | Reduce -0.1% | 0.33% | −0.02 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Reduce -6.3% | 0.04% | −0.01 |
| SCHA Schwab US Small-Cap ETF | Reduce -1.2% | 0.06% | −0.01 |
Portfolio Buys Q4 2023 → Q1 2024
| SGOV iShares 0-3 Month Treasury B | Add +49.0% | 7.26% | +1.69 |
| IEMG iShares Core MSCI Emerging | Add +29.6% | 9.03% | +1.19 |
| VTI VG Morningstar TS MKT ETF-US | Add +13.7% | 13.90% | +1.08 |
| VWO Vanguard Ftse Emerging Marke | Add +21.6% | 9.27% | +0.66 |
| SCHF Schwab Intl Equity ETF | New | 0.21% | +0.21 |
| SCHH Schwab US REIT ETF | Add +313.2% | 0.29% | +0.21 |
| VPL Vanguard Ftse Pacific ETF | Add +12.0% | 4.83% | +0.14 |
| BBCA JPMorgan Betabuilders Canada | Add +21.6% | 1.45% | +0.14 |
| VGSH Vanguard Short-Term Treasury | Add +27.6% | 1.00% | +0.10 |
| IVE iShares S&P 500 Value ETF | New | 0.08% | +0.08 |
| SCHB Schwab US Broad Market ETF | Add +97.4% | 0.10% | +0.05 |
| XLK SS Technology Select Sector | Add +52.5% | 0.15% | +0.05 |
| VEA Vanguard Ftse Developed ETF | New | 0.04% | +0.04 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | New | 0.03% | +0.03 |
| XLI SS Industrial Select Sector | New | 0.03% | +0.03 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | New | 0.03% | +0.03 |
| SCHV Schwab US Large-Cap Value | New | 0.02% | +0.02 |
| IWS iShares Russell Mid-Cap Valu | New | 0.02% | +0.02 |
| IWN iShares Russell 2000 Value E | New | 0.02% | +0.02 |
| IAU iShares Gold Trust | Add +8.3% | 1.23% | +0.02 |
| XLF SS Financial Select Sector | New | 0.02% | +0.02 |
| XLV SS Health Care Select Sector | Add +52.6% | 0.05% | +0.02 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +7.0% | 1.11% | +0.02 |
| VFH Vanguard Financials ETF | Add +32.2% | 0.07% | +0.02 |
| XLC SS Comm Select Sector SPDR | Add +45.3% | 0.04% | +0.01 |
| VDC Vanguard Consumer Staple ETF | Add +28.3% | 0.04% | +0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +11.9% | 0.08% | +0.01 |
| ITOT iShares Core S&P Total U.S. | Add +4.9% | 9.84% | +0.00 |
| XLB SS Materials Select Sector | Add +20.1% | 0.02% | +0.00 |
| IWD iShares Russell 1000 Value E | Add +14.2% | 0.02% | +0.00 |
| XLY SS Consumer Disc Select Sect | Add +1.0% | 0.03% | −0.00 |
| IPAC iShares Core MSCI Pacific Et | Add +7.6% | 2.97% | −0.01 |
| VOO Vanguard S&P 500 ETF | Add +2.9% | 1.16% | −0.02 |
| IJR iShares Core S&P Small-Cap E | Add +0.1% | 0.17% | −0.02 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Add +4.8% | 0.34% | −0.04 |
| HYLB Xtrackers Usd High Yield Cor | Add +9.2% | 4.25% | −0.20 |
| VGK Vanguard Ftse Europe ETF | Add +6.6% | 9.13% | −0.29 |
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 |