Elm Partners Management LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 7, 2024), Elm Partners Management LLC reported 60 stock positions worth $1.4 billion. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 16.1% of the portfolio, followed by Vanguard Ftse Emerging Marke (VWO, 10.9%) and iShares Core S&P Total U.S. (ITOT, 10.8%). Compared with Q2 2024, it opened 6 new positions, sold out of 6, added to 28 and reduced 12. The biggest buy was iShares Core MSCI Emerging (IEMG, shares +20%) and the biggest sale Schwab U.S. Tips ETF (SCHP, shares −5%).
- Most Recent 13F
- Q2 2026
- Location
- Philadelphia, PA
- CIK
- 0001743941
- Portfolio Value
- $1.4B (Q3 2024)
- SEC Filing
- 0001172661-24-004511 ↗ filed Nov 7, 2024
Holdings Value
Holdings 60 stocks · $1.4B
| VTI VG Morningstar TS MKT ETF-US | 16.15% | 798,146 | $226.0M | Add +12.2% |
| VWO Vanguard Ftse Emerging Marke | 10.89% | 3,185,985 | $152.4M | Add +12.1% |
| ITOT iShares Core S&P Total U.S. | 10.77% | 1,199,615 | $150.7M | Add +14.1% |
| IEMG iShares Core MSCI Emerging | 10.08% | 2,456,470 | $141.0M | Add +19.7% |
| VGK Vanguard Ftse Europe ETF | 9.67% | 1,903,789 | $135.4M | Add +13.2% |
| IEUR iShares Core MSCI Europe ETF | 5.76% | 1,322,765 | $80.6M | Add +30.9% |
| VPL Vanguard Ftse Pacific ETF | 5.34% | 953,907 | $74.8M | Add +19.3% |
| AGG iShares Core U.S. Aggregate | 3.45% | 477,344 | $48.3M | Reduce -9.4% |
| IPAC iShares Core MSCI Pacific Et | 3.39% | 712,629 | $47.5M | Add +19.1% |
| SCHP Schwab U.S. Tips ETF | 3.20% | 1,668,266 | $44.7M | Reduce -5.0% |
| SGOV iShares 0-3 Month Treasury B | 2.49% | 345,335 | $34.8M | Reduce -40.4% |
| BBCA JPMorgan Betabuilders Canada | 2.42% | 467,618 | $33.8M | Add +60.2% |
| VB Vanguard Most SM-Cap ETF-Usd | 2.05% | 120,984 | $28.7M | Add +96.5% |
| VNQ Vanguard Real Estate ETF | 2.03% | 291,057 | $28.4M | Add +231.9% |
| VTV Vanguard Mrngstr Val ETF-Aui | 1.59% | 127,682 | $22.3M | Add +32.9% |
| IVV iShares Core S&P 500 ETF | 1.59% | 38,506 | $22.2M | Add +3.1% |
| SCHH Schwab US REIT ETF | 1.34% | 811,645 | $18.8M | Add +21.6% |
| VOO Vanguard S&P 500 ETF | 1.13% | 29,887 | $15.8M | Reduce -2.5% |
| VTEB Vanguard Tax-Exempt Bond ETF | 1.06% | 289,298 | $14.8M | Reduce -24.5% |
| MUB iShares National Muni Bond E | 1.02% | 131,417 | $14.3M | Add +56.8% |
| STIP iShares 0-5 Year Tips Bond E | 0.76% | 104,823 | $10.6M | Reduce -42.4% |
| BND Vanguard Total Bond Market | 0.40% | 74,032 | $5.6M | Reduce -10.0% |
| EWC iShares MSCI Canada ETF | 0.39% | 130,274 | $5.4M | Reduce -0.6% |
| IUSV iShares Core S&P U.S. Value | 0.35% | 51,218 | $4.9M | Reduce -0.7% |
| VEU Vanguard Ftse All-World Ex-U | 0.25% | 55,912 | $3.5M | No change |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.22% | 27,577 | $3.1M | Reduce -37.1% |
| VGSH Vanguard Short-Term Treasury | 0.22% | 51,348 | $3.0M | Reduce -20.5% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.21% | 32,279 | $3.0M | Add +6.6% |
| SCZ iShares MSCI Eafe Small-Cap | 0.19% | 39,678 | $2.7M | No change |
| IJR iShares Core S&P Small-Cap E | 0.18% | 21,416 | $2.5M | Add +2.0% |
| SCHC Schwab Intl Small-Cap Equity | 0.17% | 60,668 | $2.3M | No change |
| XLK SS Technology Select Sector | 0.11% | 6,850 | $1.5M | Add +12.4% |
| SCHF Schwab Intl Equity ETF | 0.10% | 68,530 | $1.4M | Add +0.0% |
| VGT Vanguard Info Tech ETF | 0.08% | 1,993 | $1.2M | Add +22.8% |
| SCHA Schwab US Small-Cap ETF | 0.08% | 44,317 | $1.1M | Add +54.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.08% | 1,833 | $1.1M | Reduce -3.8% |
| IVE iShares S&P 500 Value ETF | 0.07% | 5,232 | $1.0M | No change |
| VFH Vanguard Financials ETF | 0.06% | 7,538 | $829K | Add +26.8% |
| XLV SS Health Care Select Sector | 0.05% | 4,759 | $733K | Add +60.7% |
| XLC SS Comm Select Sector SPDR | 0.04% | 6,828 | $617K | Add +13.4% |
| VHT Vanguard Health Care ETF | 0.04% | 2,174 | $614K | No change |
| XLY SS Consumer Disc Select Sect | 0.04% | 2,969 | $595K | New |
| VIS Vanguard Industrials ETF | 0.04% | 2,211 | $575K | No change |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.04% | 2,777 | $558K | Add +40.8% |
| OEF iShares S&P 100 ETF | 0.04% | 1,960 | $542K | New |
| SCHB Schwab US Broad Market ETF | 0.04% | 24,363 | $540K | Add +12.9% |
| VDC Vanguard Consumer Staple ETF | 0.04% | 2,352 | $514K | Add +30.2% |
| VCR Vanguard Consumer Discre ETF | 0.03% | 1,422 | $484K | No change |
| XLF SS Financial Select Sector | 0.03% | 10,652 | $483K | No change |
| VEA Vanguard Ftse Developed ETF | 0.03% | 9,097 | $480K | No change |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.03% | 2,484 | $416K | No change |
| IWD iShares Russell 1000 Value E | 0.02% | 1,625 | $308K | No change |
| XLI SS Industrial Select Sector | 0.02% | 2,260 | $306K | New |
| IWS iShares Russell Mid-Cap Valu | 0.02% | 2,221 | $294K | No change |
| VOX Vanguard Communication Servi | 0.02% | 1,962 | $285K | No change |
| XLRE SS Real Estate Select Sector | 0.02% | 6,261 | $280K | New |
| IWN iShares Russell 2000 Value E | 0.02% | 1,561 | $260K | No change |
| XLB SS Materials Select Sector | 0.02% | 2,608 | $251K | Add +0.8% |
| IWM iShares Russell 2000 ETF | 0.01% | 937 | $207K | New |
| MSFT Microsoft Corp. | 0.01% | 471 | $203K | New |
Portfolio Sells Q2 2024 → Q3 2024
| SCHP Schwab U.S. Tips ETF | Reduce -5.0% | 3.20% | −3.82 |
| HYLB Xtrackers Usd High Yield Cor | Sold out | 0.00% | −3.65 |
| SGOV iShares 0-3 Month Treasury B | Reduce -40.4% | 2.49% | −1.99 |
| IAU iShares Gold Trust | Sold out | 0.00% | −1.12 |
| VNQI Vanguard GLBL Ex-US Real Est | Sold out | 0.00% | −0.98 |
| STIP iShares 0-5 Year Tips Bond E | Reduce -42.4% | 0.76% | −0.63 |
| USHY iShares Broad Usd High Yield | Sold out | 0.00% | −0.55 |
| AGG iShares Core U.S. Aggregate | Reduce -9.4% | 3.45% | −0.47 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -24.5% | 1.06% | −0.42 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -37.1% | 0.22% | −0.14 |
| VGSH Vanguard Short-Term Treasury | Reduce -20.5% | 0.22% | −0.07 |
| BND Vanguard Total Bond Market | Reduce -10.0% | 0.40% | −0.06 |
| VOO Vanguard S&P 500 ETF | Reduce -2.5% | 1.13% | −0.05 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Sold out | 0.00% | −0.05 |
| SCHV Schwab US Large-Cap Value | Sold out | 0.00% | −0.02 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -3.8% | 0.08% | −0.00 |
| IUSV iShares Core S&P U.S. Value | Reduce -0.7% | 0.35% | +0.00 |
| EWC iShares MSCI Canada ETF | Reduce -0.6% | 0.39% | +0.01 |
Portfolio Buys Q2 2024 → Q3 2024
| IEMG iShares Core MSCI Emerging | Add +19.7% | 10.08% | +1.64 |
| VTI VG Morningstar TS MKT ETF-US | Add +12.2% | 16.15% | +1.53 |
| VNQ Vanguard Real Estate ETF | Add +231.9% | 2.03% | +1.46 |
| VWO Vanguard Ftse Emerging Marke | Add +12.1% | 10.89% | +1.34 |
| IEUR iShares Core MSCI Europe ETF | Add +30.9% | 5.76% | +1.34 |
| ITOT iShares Core S&P Total U.S. | Add +14.1% | 10.77% | +1.18 |
| VGK Vanguard Ftse Europe ETF | Add +13.2% | 9.67% | +1.05 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +96.5% | 2.05% | +1.02 |
| BBCA JPMorgan Betabuilders Canada | Add +60.2% | 2.42% | +0.96 |
| VPL Vanguard Ftse Pacific ETF | Add +19.3% | 5.34% | +0.79 |
| IPAC iShares Core MSCI Pacific Et | Add +19.1% | 3.39% | +0.58 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +32.9% | 1.59% | +0.41 |
| MUB iShares National Muni Bond E | Add +56.8% | 1.02% | +0.33 |
| SCHH Schwab US REIT ETF | Add +21.6% | 1.34% | +0.32 |
| XLY SS Consumer Disc Select Sect | New | 0.04% | +0.04 |
| OEF iShares S&P 100 ETF | New | 0.04% | +0.04 |
| XLI SS Industrial Select Sector | New | 0.02% | +0.02 |
| XLRE SS Real Estate Select Sector | New | 0.02% | +0.02 |
| XLV SS Health Care Select Sector | Add +60.7% | 0.05% | +0.02 |
| IVV iShares Core S&P 500 ETF | Add +3.1% | 1.59% | +0.02 |
| IWM iShares Russell 2000 ETF | New | 0.01% | +0.01 |
| MSFT Microsoft Corp. | New | 0.01% | +0.01 |
| VFH Vanguard Financials ETF | Add +26.8% | 0.06% | +0.01 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Add +40.8% | 0.04% | +0.01 |
| VGT Vanguard Info Tech ETF | Add +22.8% | 0.08% | +0.01 |
| VDC Vanguard Consumer Staple ETF | Add +30.2% | 0.04% | +0.01 |
| IJR iShares Core S&P Small-Cap E | Add +2.0% | 0.18% | +0.01 |
| XLK SS Technology Select Sector | Add +12.4% | 0.11% | +0.00 |
| XLC SS Comm Select Sector SPDR | Add +13.4% | 0.04% | +0.00 |
| XLB SS Materials Select Sector | Add +0.8% | 0.02% | +0.00 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +6.6% | 0.21% | −0.00 |
| SCHA Schwab US Small-Cap ETF | Add +54.0% | 0.08% | −0.02 |
| SCHB Schwab US Broad Market ETF | Add +12.9% | 0.04% | −0.07 |
| SCHF Schwab Intl Equity ETF | Add +0.0% | 0.10% | −0.10 |
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 |