Elm Partners Management LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 13, 2026), Elm Partners Management LLC reported 158 stock positions worth $2.3 billion. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 13.0% of the portfolio, followed by Vanguard Ftse Emerging Marke (VWO, 10.5%) and Schwab U.S. Tips ETF (SCHP, 9.3%). Compared with Q4 2025, it opened 11 new positions, sold out of 7, added to 84 and reduced 36. The biggest buy was Vanguard 0-3M T-Bill ETF (VBIL, shares +1592%) and the biggest sale VG Morningstar TS MKT ETF-US (VTI, shares −4%).
- Most Recent 13F
- Q2 2026
- Location
- Philadelphia, PA
- CIK
- 0001743941
- Portfolio Value
- $2.3B (Q1 2026)
- SEC Filing
- 0001172661-26-001760 ↗ filed May 13, 2026
Holdings Value
Holdings 158 stocks · $2.3B
| VTI VG Morningstar TS MKT ETF-US | 12.97% | 960,162 | $299.3M | Reduce -3.6% |
| VWO Vanguard Ftse Emerging Marke | 10.52% | 4,632,193 | $242.8M | Add +0.1% |
| SCHP Schwab U.S. Tips ETF | 9.29% | 8,065,801 | $214.4M | Add +14.1% |
| VGK Vanguard Ftse Europe ETF | 7.33% | 2,117,017 | $169.1M | Reduce -3.6% |
| ELM Elm Market Navigator ETF | 6.92% | 6,006,305 | $159.6M | Add +33.6% |
| VBIL Vanguard 0-3M T-Bill ETF | 6.04% | 1,842,620 | $139.4M | Add +1592.1% |
| IEMG iShares Core MSCI Emerging | 5.23% | 1,791,143 | $120.6M | Add +20.7% |
| VPL Vanguard Ftse Pacific ETF | 5.01% | 1,225,262 | $115.7M | Add +1.4% |
| IEUR iShares Core MSCI Europe ETF | 3.31% | 1,119,616 | $76.3M | Add +16.5% |
| VGSH Vanguard Short-Term Treasury | 2.96% | 1,165,925 | $68.2M | Reduce -12.3% |
| VOO Vanguard S&P 500 ETF | 2.69% | 106,752 | $62.0M | Reduce -11.4% |
| ITOT iShares Core S&P Total U.S. | 2.59% | 431,442 | $59.7M | Add +6.7% |
| BND Vanguard Total Bond Market | 2.37% | 745,556 | $54.8M | Reduce -24.8% |
| BBEU JPMorgan Betabuilders Europe | 1.92% | 632,274 | $44.4M | Add +13.7% |
| IPAC iShares Core MSCI Pacific Et | 1.63% | 507,836 | $37.7M | Add +3.7% |
| SPEM State Street SP PTF Em ETF | 1.63% | 826,995 | $37.6M | Reduce -5.6% |
| BBCA JPMorgan Betabuilders Canada | 1.27% | 320,704 | $29.4M | Add +8.7% |
| SGOV iShares 0-3 Month Treasury B | 1.24% | 284,362 | $28.6M | Reduce -40.6% |
| AGG iShares Core U.S. Aggregate | 1.18% | 275,691 | $27.3M | Reduce -5.5% |
| VTV Vanguard Mrngstr Val ETF-Aui | 1.16% | 139,209 | $26.9M | Add +10.5% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.94% | 85,423 | $21.7M | Add +14.1% |
| SCHH Schwab US REIT ETF | 0.93% | 1,010,445 | $21.4M | Add +61.1% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.81% | 375,373 | $18.7M | Reduce -17.1% |
| STIP iShares 0-5 Year Tips Bond E | 0.80% | 179,257 | $18.5M | Reduce -58.2% |
| NVDA Nvidia Corp. | 0.79% | 110,658 | $18.3M | Add +0.5% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.68% | 211,312 | $15.7M | Add +391.7% |
| MUB iShares National Muni Bond E | 0.64% | 140,396 | $14.9M | Add +7.9% |
| IVV iShares Core S&P 500 ETF | 0.41% | 14,743 | $9.4M | Add +0.9% |
| VNQ Vanguard Real Estate ETF | 0.36% | 93,988 | $8.2M | Reduce -2.1% |
| AAPL Apple Inc. | 0.28% | 25,791 | $6.4M | Add +30.1% |
| EWC iShares MSCI Canada ETF | 0.26% | 112,070 | $6.0M | Reduce -0.4% |
| DFUS Dimensional US Eq MKT ETF | 0.25% | 85,046 | $5.9M | Add +20.4% |
| IUSV iShares Core S&P U.S. Value | 0.22% | 49,756 | $5.0M | Add +10.2% |
| SCHF Schwab Intl Equity ETF | 0.20% | 197,275 | $4.7M | Add +20.6% |
| VRT Vertiv Holdings Co. Class A | 0.19% | 19,053 | $4.5M | No change |
| BRK.A Berkshire Hathaway Inc. Class A | 0.19% | 6 | $4.3M | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.17% | 6,194 | $3.9M | Reduce -2.7% |
| VEA Vanguard Ftse Developed ETF | 0.16% | 60,019 | $3.7M | Add +1.6% |
| COHR Coherent Corp. | 0.15% | 15,998 | $3.5M | Reduce -20.0% |
| LLY Eli Lilly & Co. | 0.15% | 3,877 | $3.4M | Add +1.0% |
| XLK SS Technology Select Sector | 0.15% | 26,891 | $3.4M | Reduce -1.8% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.13% | 7,594 | $2.9M | Reduce -16.5% |
| VFH Vanguard Financials ETF | 0.12% | 23,474 | $2.8M | Reduce -37.9% |
| IJR iShares Core S&P Small-Cap E | 0.12% | 22,514 | $2.7M | Add +7.0% |
| BN Brookfield Corp. | 0.12% | 69,811 | $2.7M | No change |
| XLF SS Financial Select Sector | 0.11% | 52,008 | $2.5M | Reduce -9.4% |
| SCHB Schwab US Broad Market ETF | 0.11% | 103,002 | $2.5M | Reduce -3.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.11% | 10,377 | $2.5M | Reduce -3.7% |
| VCR Vanguard Consumer Discre ETF | 0.10% | 6,829 | $2.4M | Reduce -8.9% |
| VIS Vanguard Industrials ETF | 0.09% | 6,977 | $2.1M | Add +1.4% |
| VOX Vanguard Communication Servi | 0.09% | 11,962 | $2.1M | Reduce -7.0% |
| GOOGL Alphabet Inc. Class A | 0.09% | 7,381 | $2.0M | Add +0.3% |
| SCHA Schwab US Small-Cap ETF | 0.09% | 70,129 | $2.0M | Add +95.8% |
| VHT Vanguard Health Care ETF | 0.08% | 7,314 | $1.9M | Reduce -26.9% |
| MSFT Microsoft Corp. | 0.08% | 5,364 | $1.9M | Add +0.6% |
| RTX RTX Corp. | 0.08% | 9,438 | $1.8M | Add +1.0% |
| GOOG Alphabet Inc. Class C | 0.07% | 6,018 | $1.6M | Add +20.9% |
| IVE iShares S&P 500 Value ETF | 0.07% | 7,811 | $1.6M | Add +0.3% |
| XLI SS Industrial Select Sector | 0.07% | 9,877 | $1.5M | Add +26.8% |
| AMD Advanced Micro Devices | 0.07% | 7,851 | $1.5M | Reduce -1.8% |
| VIG Vanguard Dividend Apprec ETF | 0.07% | 7,223 | $1.5M | Add +59.8% |
| LRCX Lam Research Corp. | 0.06% | 7,250 | $1.4M | No change |
| VEU Vanguard Ftse All-World Ex-U | 0.06% | 19,868 | $1.4M | Add +116.8% |
| VXUS Vanguard Total Intl Stock | 0.06% | 18,388 | $1.4M | Reduce -0.0% |
| COST Costco Wholesale Corp. | 0.06% | 1,349 | $1.3M | Add +16.9% |
| DUK Duke Energy Corp. | 0.05% | 9,463 | $1.2M | Add +2.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.05% | 2,582 | $1.2M | Add +22.4% |
| JPM JPMorgan Chase & Co. | 0.05% | 4,138 | $1.2M | Add +0.6% |
| IEFA iShares Core MSCI Eafe ETF | 0.05% | 12,848 | $1.1M | No change |
| AVGO Broadcom Inc. | 0.05% | 3,778 | $1.1M | Add +4.9% |
| FLCA Franklin Ftse Canada ETF | 0.05% | 22,616 | $1.1M | Reduce -26.5% |
| XOM Exxon Mobil Corp. | 0.04% | 5,991 | $1.0M | Add +6.2% |
| ABBV Abbvie Inc. | 0.04% | 4,673 | $996K | Add +1.9% |
| IWM iShares Russell 2000 ETF | 0.04% | 4,150 | $994K | Add +49.7% |
| AMZN Amazon.com Inc. | 0.04% | 4,813 | $967K | Add +9.4% |
| D Dominion Energy Inc. | 0.04% | 13,078 | $809K | No change |
| VDC Vanguard Consumer Staple ETF | 0.03% | 3,456 | $774K | Add +114.1% |
| META Meta Platforms Inc. Class A | 0.03% | 1,433 | $768K | Add +8.6% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.03% | 3,471 | $737K | No change |
| XLC SS Comm Select Sector SPDR | 0.03% | 6,512 | $703K | Add +193.3% |
| MKL Markel Group Inc. | 0.03% | 364 | $687K | Add +4.3% |
| ALNY Alnylam Pharmaceuticals Inc. | 0.03% | 2,043 | $646K | Add +1.7% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.03% | 3,556 | $645K | Reduce -0.8% |
| OEF iShares S&P 100 ETF | 0.03% | 2,083 | $642K | Add +4.7% |
| XLV SS Health Care Select Sector | 0.03% | 4,389 | $631K | New |
| SRE Sempra | 0.03% | 6,339 | $612K | Add +3.0% |
| IUSG iShares Core S&P U.S. Growth | 0.03% | 4,100 | $611K | Reduce -1.2% |
| XLY SS Consumer Disc Select Sect | 0.03% | 5,541 | $585K | Add +80.0% |
| WMT Walmart Inc. | 0.02% | 4,526 | $559K | Add +12.3% |
| OTF Blue Owl Technology Finance | 0.02% | 43,972 | $551K | Add +100.0% |
| SCHV Schwab US Large-Cap Value | 0.02% | 17,882 | $535K | Add +0.0% |
| VGT Vanguard Info Tech ETF | 0.02% | 6,361 | $532K | Add +23.0% |
| TIP iShares Tips Bond ETF | 0.02% | 4,787 | $528K | Reduce -6.4% |
| IAU iShares Gold Trust | 0.02% | 6,210 | $527K | Add +5.0% |
| PLD Prologis Inc. | 0.02% | 4,030 | $519K | Add +0.1% |
| LIN Linde PLC | 0.02% | 1,038 | $518K | Add +19.2% |
| TSM Taiwan Semiconductor-SP ADR | 0.02% | 1,614 | $511K | No change |
| CAT Caterpillar Inc. | 0.02% | 754 | $503K | Add +4.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.02% | 10,549 | $498K | Add +3.8% |
| IVW iShares S&P 500 Growth ETF | 0.02% | 4,410 | $479K | Add +0.1% |
Portfolio Sells Q4 2025 → Q1 2026
| VTI VG Morningstar TS MKT ETF-US | Reduce -3.6% | 12.97% | −2.18 |
| STIP iShares 0-5 Year Tips Bond E | Reduce -58.2% | 0.80% | −1.19 |
| VGK Vanguard Ftse Europe ETF | Reduce -3.6% | 7.33% | −1.00 |
| BND Vanguard Total Bond Market | Reduce -24.8% | 2.37% | −0.96 |
| SGOV iShares 0-3 Month Treasury B | Reduce -40.6% | 1.24% | −0.94 |
| VOO Vanguard S&P 500 ETF | Reduce -11.4% | 2.69% | −0.74 |
| VGSH Vanguard Short-Term Treasury | Reduce -12.3% | 2.96% | −0.58 |
| SPEM State Street SP PTF Em ETF | Reduce -5.6% | 1.63% | −0.23 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -17.1% | 0.81% | −0.22 |
| AGG iShares Core U.S. Aggregate | Reduce -5.5% | 1.18% | −0.14 |
| VFH Vanguard Financials ETF | Reduce -37.9% | 0.12% | −0.11 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -16.5% | 0.13% | −0.07 |
| BTC Grayscale Bitcoin Mini ETF | Sold out | 0.00% | −0.05 |
| VHT Vanguard Health Care ETF | Reduce -26.9% | 0.08% | −0.05 |
| IBM Intl Business Machines Corp. | Reduce -3.7% | 0.11% | −0.04 |
| XLF SS Financial Select Sector | Reduce -9.4% | 0.11% | −0.03 |
| VCR Vanguard Consumer Discre ETF | Reduce -8.9% | 0.10% | −0.03 |
| XLK SS Technology Select Sector | Reduce -1.8% | 0.15% | −0.03 |
| VNQ Vanguard Real Estate ETF | Reduce -2.1% | 0.36% | −0.03 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -2.7% | 0.17% | −0.03 |
| NFLX Netflix Inc. | Reduce -60.8% | 0.02% | −0.03 |
| VOX Vanguard Communication Servi | Reduce -7.0% | 0.09% | −0.02 |
| FLCA Franklin Ftse Canada ETF | Reduce -26.5% | 0.05% | −0.02 |
| SCHB Schwab US Broad Market ETF | Reduce -3.6% | 0.11% | −0.02 |
| EWC iShares MSCI Canada ETF | Reduce -0.4% | 0.26% | −0.02 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Sold out | 0.00% | −0.02 |
| COHR Coherent Corp. | Reduce -20.0% | 0.15% | −0.02 |
| PLTR Palantir Technologies Inc. Class A | Sold out | 0.00% | −0.01 |
| LMND Lemonade Inc. | Sold out | 0.00% | −0.01 |
| NVO Novo-Nordisk A/S-Spons ADR | Sold out | 0.00% | −0.01 |
| AMD Advanced Micro Devices | Reduce -1.8% | 0.07% | −0.01 |
| ELV Elevance Health Inc. | Sold out | 0.00% | −0.01 |
| TSLA Tesla Inc. | Sold out | 0.00% | −0.01 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -29.5% | 0.02% | −0.01 |
| ORCL Oracle Corp. | Reduce -0.1% | 0.02% | −0.01 |
| IUSG iShares Core S&P U.S. Growth | Reduce -1.2% | 0.03% | −0.01 |
| V Visa Inc. Class A | Reduce -3.2% | 0.02% | −0.00 |
| GS Goldman Sachs Group Inc. | Reduce -17.7% | 0.01% | −0.00 |
| VXUS Vanguard Total Intl Stock | Reduce -0.0% | 0.06% | −0.00 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -12.9% | 0.01% | −0.00 |
| DIS The Walt Disney Co. | Reduce -3.2% | 0.01% | −0.00 |
| TIP iShares Tips Bond ETF | Reduce -6.4% | 0.02% | −0.00 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Reduce -0.8% | 0.03% | −0.00 |
Portfolio Buys Q4 2025 → Q1 2026
| VBIL Vanguard 0-3M T-Bill ETF | Add +1592.1% | 6.04% | +5.67 |
| ELM Elm Market Navigator ETF | Add +33.6% | 6.92% | +1.36 |
| SCHP Schwab U.S. Tips ETF | Add +14.1% | 9.29% | +0.79 |
| IEMG iShares Core MSCI Emerging | Add +20.7% | 5.23% | +0.70 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +391.7% | 0.68% | +0.52 |
| SCHH Schwab US REIT ETF | Add +61.1% | 0.93% | +0.33 |
| IEUR iShares Core MSCI Europe ETF | Add +16.5% | 3.31% | +0.21 |
| BBEU JPMorgan Betabuilders Europe | Add +13.7% | 1.92% | +0.07 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +10.5% | 1.16% | +0.07 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +14.1% | 0.94% | +0.06 |
| VPL Vanguard Ftse Pacific ETF | Add +1.4% | 5.01% | +0.06 |
| SCHA Schwab US Small-Cap ETF | Add +95.8% | 0.09% | +0.04 |
| VEU Vanguard Ftse All-World Ex-U | Add +116.8% | 0.06% | +0.03 |
| AAPL Apple Inc. | Add +30.1% | 0.28% | +0.03 |
| BBCA JPMorgan Betabuilders Canada | Add +8.7% | 1.27% | +0.03 |
| XLV SS Health Care Select Sector | New | 0.03% | +0.03 |
| SCHF Schwab Intl Equity ETF | Add +20.6% | 0.20% | +0.03 |
| VIG Vanguard Dividend Apprec ETF | Add +59.8% | 0.07% | +0.02 |
| XLC SS Comm Select Sector SPDR | Add +193.3% | 0.03% | +0.02 |
| VDC Vanguard Consumer Staple ETF | Add +114.1% | 0.03% | +0.02 |
| DFUS Dimensional US Eq MKT ETF | Add +20.4% | 0.25% | +0.02 |
| XOM Exxon Mobil Corp. | Add +6.2% | 0.04% | +0.01 |
| COST Costco Wholesale Corp. | Add +16.9% | 0.06% | +0.01 |
| CVX Chevron Corp. | New | 0.01% | +0.01 |
| MUB iShares National Muni Bond E | Add +7.9% | 0.64% | +0.01 |
| XLI SS Industrial Select Sector | Add +26.8% | 0.07% | +0.01 |
| IWM iShares Russell 2000 ETF | Add +49.7% | 0.04% | +0.01 |
| VSS Vanguard Ftse All Wo X-US SC | New | 0.01% | +0.01 |
| BSV Vanguard Short-Term Bond ETF | New | 0.01% | +0.01 |
| SCHD Schwab US DVD Equity ETF | New | 0.01% | +0.01 |
| KO The Coca-Cola Co. | New | 0.01% | +0.01 |
| EEM iShares MSCI Emerging Market | New | 0.01% | +0.01 |
| VGIT Vanguard Intermediate-Term T | New | 0.01% | +0.01 |
| KMI Kinder Morgan Inc. | New | 0.01% | +0.01 |
| TJX TJX Companies Inc. | New | 0.01% | +0.01 |
| OTF Blue Owl Technology Finance | Add +100.0% | 0.02% | +0.01 |
| WFC Wells Fargo & Co. | New | 0.01% | +0.01 |
| XLY SS Consumer Disc Select Sect | Add +80.0% | 0.03% | +0.01 |
| IPAC iShares Core MSCI Pacific Et | Add +3.7% | 1.63% | +0.01 |
| VLO Valero Energy Corp. | Add +7.8% | 0.02% | +0.01 |
| IUSV iShares Core S&P U.S. Value | Add +10.2% | 0.22% | +0.01 |
| LIN Linde PLC | Add +19.2% | 0.02% | +0.01 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +22.4% | 0.05% | +0.01 |
| IWO iShares Russell 2000 Growth | Add +62.1% | 0.02% | +0.01 |
| DUK Duke Energy Corp. | Add +2.3% | 0.05% | +0.00 |
| DE Deere & Co. | Add +19.6% | 0.01% | +0.00 |
| VAW Vanguard Materials ETF | Add +36.1% | 0.01% | +0.00 |
| WMT Walmart Inc. | Add +12.3% | 0.02% | +0.00 |
| IJR iShares Core S&P Small-Cap E | Add +7.0% | 0.12% | +0.00 |
| CAT Caterpillar Inc. | Add +4.3% | 0.02% | +0.00 |
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 |