Elm Partners Management LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 31, 2024), Elm Partners Management LLC reported 60 stock positions worth $1.3 billion. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 14.6% of the portfolio, followed by iShares Core S&P Total U.S. (ITOT, 9.6%) and Vanguard Ftse Emerging Marke (VWO, 9.6%). Compared with Q1 2024, it opened 1 new position, sold out of 2, added to 27 and reduced 20. The biggest buy was iShares Core U.S. Aggregate (AGG, shares +152%) and the biggest sale iShares 0-3 Month Treasury B (SGOV, shares −36%).
- Most Recent 13F
- Q2 2026
- Location
- Philadelphia, PA
- CIK
- 0001743941
- Portfolio Value
- $1.3B (Q2 2024)
- SEC Filing
- 0001951757-24-000591 ↗ filed Jul 31, 2024
Holdings Value
Holdings 60 stocks · $1.3B
| VTI VG Morningstar TS MKT ETF-US | 14.62% | 711,582 | $190.4M | Add +5.3% |
| ITOT iShares Core S&P Total U.S. | 9.59% | 1,051,481 | $124.9M | Reduce -2.5% |
| VWO Vanguard Ftse Emerging Marke | 9.55% | 2,842,328 | $124.4M | Add +1.3% |
| VGK Vanguard Ftse Europe ETF | 8.62% | 1,681,391 | $112.3M | Reduce -1.9% |
| IEMG iShares Core MSCI Emerging | 8.44% | 2,051,918 | $109.8M | Reduce -7.2% |
| SCHP Schwab U.S. Tips ETF | 7.02% | 1,756,878 | $91.4M | Add +53.8% |
| VPL Vanguard Ftse Pacific ETF | 4.55% | 799,329 | $59.3M | Reduce -0.5% |
| SGOV iShares 0-3 Month Treasury B | 4.48% | 578,948 | $58.3M | Reduce -36.4% |
| IEUR iShares Core MSCI Europe ETF | 4.42% | 1,010,279 | $57.5M | Add +7.5% |
| AGG iShares Core U.S. Aggregate | 3.93% | 526,684 | $51.1M | Add +152.2% |
| HYLB Xtrackers Usd High Yield Cor | 3.65% | 1,340,551 | $47.5M | Reduce -10.9% |
| IPAC iShares Core MSCI Pacific Et | 2.81% | 598,370 | $36.6M | Add +1.0% |
| IVV iShares Core S&P 500 ETF | 1.57% | 37,357 | $20.4M | Add +1.0% |
| VTEB Vanguard Tax-Exempt Bond ETF | 1.47% | 383,155 | $19.2M | Add +115.9% |
| BBCA JPMorgan Betabuilders Canada | 1.46% | 291,962 | $19.0M | Add +6.4% |
| STIP iShares 0-5 Year Tips Bond E | 1.39% | 182,045 | $18.1M | Add +78.5% |
| VTV Vanguard Mrngstr Val ETF-Aui | 1.18% | 96,045 | $15.4M | Add +12.0% |
| VOO Vanguard S&P 500 ETF | 1.18% | 30,662 | $15.3M | Add +0.5% |
| IAU iShares Gold Trust | 1.12% | 332,211 | $14.6M | Reduce -10.3% |
| VB Vanguard Most SM-Cap ETF-Usd | 1.03% | 61,569 | $13.4M | Reduce -3.0% |
| SCHH Schwab US REIT ETF | 1.02% | 667,756 | $13.3M | Add +272.8% |
| VNQI Vanguard GLBL Ex-US Real Est | 0.98% | 314,810 | $12.8M | Add +11.7% |
| MUB iShares National Muni Bond E | 0.69% | 83,828 | $8.9M | Reduce -36.7% |
| VNQ Vanguard Real Estate ETF | 0.56% | 87,697 | $7.3M | Reduce -75.6% |
| USHY iShares Broad Usd High Yield | 0.55% | 196,378 | $7.1M | New |
| BND Vanguard Total Bond Market | 0.46% | 82,260 | $5.9M | Add +3.3% |
| EWC iShares MSCI Canada ETF | 0.37% | 131,050 | $4.9M | Reduce -3.0% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.36% | 43,845 | $4.7M | Add +11.7% |
| IUSV iShares Core S&P U.S. Value | 0.35% | 51,554 | $4.5M | Add +11.1% |
| VGSH Vanguard Short-Term Treasury | 0.29% | 64,588 | $3.7M | Reduce -70.2% |
| VEU Vanguard Ftse All-World Ex-U | 0.25% | 55,912 | $3.3M | No change |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.21% | 30,269 | $2.8M | Reduce -14.1% |
| SCHF Schwab Intl Equity ETF | 0.20% | 68,529 | $2.6M | Add +2.1% |
| SCZ iShares MSCI Eafe Small-Cap | 0.19% | 39,678 | $2.4M | No change |
| IJR iShares Core S&P Small-Cap E | 0.17% | 21,004 | $2.2M | Add +10.6% |
| SCHC Schwab Intl Small-Cap Equity | 0.17% | 60,668 | $2.2M | No change |
| XLK SS Technology Select Sector | 0.11% | 6,096 | $1.4M | Reduce -33.9% |
| SCHA Schwab US Small-Cap ETF | 0.10% | 28,787 | $1.4M | Add +100.4% |
| SCHB Schwab US Broad Market ETF | 0.10% | 21,586 | $1.4M | Reduce 0.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.08% | 1,905 | $1.0M | No change |
| IVE iShares S&P 500 Value ETF | 0.07% | 5,232 | $952K | No change |
| VGT Vanguard Info Tech ETF | 0.07% | 1,623 | $936K | Add +164.8% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.05% | 8,175 | $631K | Add +15.7% |
| VFH Vanguard Financials ETF | 0.05% | 5,947 | $594K | Reduce -31.8% |
| VHT Vanguard Health Care ETF | 0.04% | 2,174 | $578K | Add +64.1% |
| VIS Vanguard Industrials ETF | 0.04% | 2,211 | $520K | Add +53.3% |
| XLC SS Comm Select Sector SPDR | 0.04% | 6,023 | $516K | Add +0.1% |
| VEA Vanguard Ftse Developed ETF | 0.03% | 9,097 | $450K | No change |
| VCR Vanguard Consumer Discre ETF | 0.03% | 1,422 | $444K | Add +77.8% |
| XLF SS Financial Select Sector | 0.03% | 10,652 | $438K | Add +119.0% |
| XLV SS Health Care Select Sector | 0.03% | 2,961 | $432K | Reduce -34.5% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.03% | 2,484 | $374K | No change |
| VDC Vanguard Consumer Staple ETF | 0.03% | 1,806 | $367K | Reduce -22.0% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.03% | 1,972 | $360K | No change |
| SCHV Schwab US Large-Cap Value | 0.02% | 4,095 | $303K | No change |
| IWD iShares Russell 1000 Value E | 0.02% | 1,625 | $284K | Reduce -3.3% |
| VOX Vanguard Communication Servi | 0.02% | 1,962 | $271K | No change |
| IWS iShares Russell Mid-Cap Valu | 0.02% | 2,221 | $268K | No change |
| IWN iShares Russell 2000 Value E | 0.02% | 1,561 | $238K | No change |
| XLB SS Materials Select Sector | 0.02% | 2,588 | $229K | Reduce -16.7% |
Portfolio Sells Q1 2024 → Q2 2024
| SGOV iShares 0-3 Month Treasury B | Reduce -36.4% | 4.48% | −2.78 |
| VNQ Vanguard Real Estate ETF | Reduce -75.6% | 0.56% | −1.89 |
| VGSH Vanguard Short-Term Treasury | Reduce -70.2% | 0.29% | −0.71 |
| HYLB Xtrackers Usd High Yield Cor | Reduce -10.9% | 3.65% | −0.60 |
| IEMG iShares Core MSCI Emerging | Reduce -7.2% | 8.44% | −0.60 |
| VGK Vanguard Ftse Europe ETF | Reduce -1.9% | 8.62% | −0.51 |
| MUB iShares National Muni Bond E | Reduce -36.7% | 0.69% | −0.44 |
| VPL Vanguard Ftse Pacific ETF | Reduce -0.5% | 4.55% | −0.28 |
| ITOT iShares Core S&P Total U.S. | Reduce -2.5% | 9.59% | −0.25 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -3.0% | 1.03% | −0.12 |
| IAU iShares Gold Trust | Reduce -10.3% | 1.12% | −0.11 |
| XLK SS Technology Select Sector | Reduce -33.9% | 0.11% | −0.05 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -14.1% | 0.21% | −0.04 |
| EWC iShares MSCI Canada ETF | Reduce -3.0% | 0.37% | −0.04 |
| XLY SS Consumer Disc Select Sect | Sold out | 0.00% | −0.03 |
| XLI SS Industrial Select Sector | Sold out | 0.00% | −0.03 |
| VFH Vanguard Financials ETF | Reduce -31.8% | 0.05% | −0.03 |
| XLV SS Health Care Select Sector | Reduce -34.5% | 0.03% | −0.02 |
| VDC Vanguard Consumer Staple ETF | Reduce -22.0% | 0.03% | −0.01 |
| XLB SS Materials Select Sector | Reduce -16.7% | 0.02% | −0.01 |
| IWD iShares Russell 1000 Value E | Reduce -3.3% | 0.02% | −0.00 |
| SCHB Schwab US Broad Market ETF | Reduce 0.0% | 0.10% | −0.00 |
Portfolio Buys Q1 2024 → Q2 2024
| AGG iShares Core U.S. Aggregate | Add +152.2% | 3.93% | +2.31 |
| SCHP Schwab U.S. Tips ETF | Add +53.8% | 7.02% | +2.30 |
| VTEB Vanguard Tax-Exempt Bond ETF | Add +115.9% | 1.47% | +0.76 |
| SCHH Schwab US REIT ETF | Add +272.8% | 1.02% | +0.74 |
| VTI VG Morningstar TS MKT ETF-US | Add +5.3% | 14.62% | +0.72 |
| STIP iShares 0-5 Year Tips Bond E | Add +78.5% | 1.39% | +0.59 |
| USHY iShares Broad Usd High Yield | New | 0.55% | +0.55 |
| VWO Vanguard Ftse Emerging Marke | Add +1.3% | 9.55% | +0.28 |
| IEUR iShares Core MSCI Europe ETF | Add +7.5% | 4.42% | +0.12 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +12.0% | 1.18% | +0.08 |
| SCHA Schwab US Small-Cap ETF | Add +100.4% | 0.10% | +0.05 |
| VGT Vanguard Info Tech ETF | Add +164.8% | 0.07% | +0.05 |
| VNQI Vanguard GLBL Ex-US Real Est | Add +11.7% | 0.98% | +0.04 |
| IVV iShares Core S&P 500 ETF | Add +1.0% | 1.57% | +0.03 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Add +11.7% | 0.36% | +0.02 |
| VOO Vanguard S&P 500 ETF | Add +0.5% | 1.18% | +0.02 |
| XLF SS Financial Select Sector | Add +119.0% | 0.03% | +0.02 |
| IUSV iShares Core S&P U.S. Value | Add +11.1% | 0.35% | +0.02 |
| VHT Vanguard Health Care ETF | Add +64.1% | 0.04% | +0.02 |
| VCR Vanguard Consumer Discre ETF | Add +77.8% | 0.03% | +0.01 |
| VIS Vanguard Industrials ETF | Add +53.3% | 0.04% | +0.01 |
| IJR iShares Core S&P Small-Cap E | Add +10.6% | 0.17% | +0.01 |
| BBCA JPMorgan Betabuilders Canada | Add +6.4% | 1.46% | +0.01 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Add +15.7% | 0.05% | +0.01 |
| XLC SS Comm Select Sector SPDR | Add +0.1% | 0.04% | +0.00 |
| BND Vanguard Total Bond Market | Add +3.3% | 0.46% | −0.00 |
| SCHF Schwab Intl Equity ETF | Add +2.1% | 0.20% | −0.01 |
| IPAC iShares Core MSCI Pacific Et | Add +1.0% | 2.81% | −0.16 |
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 |