Elmwood Wealth Management, Inc.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 6, 2025), Elmwood Wealth Management, Inc. reported 140 stock positions worth $282.3 million. Its top holding was iShares Treasury Floating Ra (TFLO) at 3.9% of the portfolio, followed by Vanguard Ftse Developed ETF (VEA, 3.1%) and Ishrs SH-TRM Ca Muni Act ETF (CALI, 2.8%). Compared with Q2 2025, it opened 15 new positions, sold out of 4, added to 80 and reduced 24. The biggest buy was Invesco California Amt-Free (PWZ, shares +396%) and the biggest sale Vaneck Long Muni ETF (MLN, shares −75%).

Most Recent 13F
Q2 2026
Location
BERKELEY, CA
CIK
0001731927
Portfolio Value
$282.3M (Q3 2025)
SEC Filing
0001731927-25-000006 ↗ filed Nov 6, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $233.7M Q1 2024 Q2 2024: $224.6M Q2 2024 Q3 2024: $242.5M Q3 2024 Q4 2024: $247.8M Q4 2024 Q1 2025: $243.8M Q1 2025 Q2 2025: $252.3M Q2 2025 Q3 2025: $282.3M $282.3M Q3 2025 Q4 2025: $316.6M Q4 2025 Q1 2026: $361.6M Q1 2026 Q2 2026: $399.8M Q2 2026

Holdings 140 stocks · $282.3M
TFLO iShares Treasury Floating Ra 3.86% 215,379 $10.9M Add +22.7%
VEA Vanguard Ftse Developed ETF 3.15% 148,154 $8.9M Add +4.5%
CALI Ishrs SH-TRM Ca Muni Act ETF 2.76% 153,640 $7.8M Add +6.7%
JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F 2.63% 145,627 $7.4M Add +2.9%
JPST JPMorgan Ultra-Short Income 2.54% 141,243 $7.2M Add +18.5%
LOUP Innovator Deepwater Frontier 2.37% 90,447 $6.7M Add +1.4%
AAPL Apple Inc. 2.34% 25,891 $6.6M Add +16.8%
SUB iShares Short-Term National 2.32% 61,423 $6.6M Reduce -2.9%
USFR Wisdomtree Floating Rate Tre 2.31% 129,598 $6.5M Add +29.4%
TOTL SS Doubleline TR Tact ETF 2.22% 154,581 $6.3M Add +3.0%
IDVO Amplify CWP Intl Enh DVD Inc. 2.22% 167,671 $6.3M Add +3.0%
IEFA iShares Core MSCI Eafe ETF 2.11% 68,146 $5.9M Add +6.7%
AIRR First Trust Rba American Ind 1.95% 56,990 $5.5M Add +1.8%
NVDA Nvidia Corp. 1.89% 28,584 $5.3M Add +29.3%
VGSH Vanguard Short-Term Treasury 1.85% 88,525 $5.2M Add +6.3%
PAPR Innovator U.S. Equity Power 1.72% 126,227 $4.8M Add +0.1%
SCHX Schwab US Large-Cap ETF 1.66% 177,587 $4.7M Add +2.4%
MSFT Microsoft Corp. 1.51% 8,227 $4.3M Add +27.7%
MEAR Ishrs Short Mat Muni Act ETF 1.46% 81,425 $4.1M Add +6.3%
GPIX GLDM SA S&P 500 PR in ETF-US 1.45% 78,607 $4.1M Add +2.2%
AMZN Amazon.com Inc. 1.42% 18,252 $4.0M Add +11.5%
PJAN Innovator U.S. Equity Power 1.40% 86,296 $4.0M Add +0.1%
JPIB JPMorgan Intl BND ETF 1.34% 76,984 $3.8M Add +7.0%
CMF iShares California Muni Bond 1.33% 65,595 $3.7M Reduce -0.9%
IEMG iShares Core MSCI Emerging 1.32% 56,591 $3.7M Add +2.0%
SCHC Schwab Intl Small-Cap Equity 1.32% 81,943 $3.7M Add +3.6%
GOOGL Alphabet Inc. Class A 1.31% 15,250 $3.7M Add +15.4%
VRP Invesco Variable Rate Prefer 1.22% 139,317 $3.4M Reduce -1.8%
GSLC Goldman Activebeta US LC ETF 1.21% 26,246 $3.4M Add +5.0%
MA Mastercard Inc. Class A 1.15% 5,725 $3.3M Add +3.0%
ELD Wisdomtree Emrg MKTS Debt 1.15% 112,953 $3.2M Add +7.1%
GSIE Goldman Sachs Activebeta Int 1.15% 78,874 $3.2M No change
VTEB Vanguard Tax-Exempt Bond ETF 1.13% 63,690 $3.2M Reduce -0.2%
JPM JPMorgan Chase & Co. 1.12% 9,989 $3.2M Add +3.9%
COST Costco Wholesale Corp. 1.11% 3,388 $3.1M Reduce -0.8%
DFCA Dimensional Calfornia MB ETF 1.11% 62,840 $3.1M Add +16.2%
FLOT iShares Floating Rate Bond E 1.08% 59,913 $3.1M Add +49.1%
PWZ Invesco California Amt-Free 1.05% 124,364 $3.0M Add +396.0%
BNDX Vanguard Total Intl Bond ETF 1.05% 59,732 $3.0M Add +10.0%
POCT Innovator U.S. Equity Power 1.04% 68,379 $2.9M Add +1.5%
BRK.B Berkshire Hathaway Inc. Class B 1.01% 5,646 $2.8M Add +6.2%
GOOG Alphabet Inc. Class C 0.98% 11,345 $2.8M Add +0.4%
PJUL Innovator U.S. Equity Power 0.96% 59,314 $2.7M Add +6.1%
EUSA iShares MSCI USA Equal Weigh 0.88% 24,200 $2.5M Add +2.5%
VWO Vanguard Ftse Emerging Marke 0.87% 45,252 $2.5M Add +7.4%
SCZ iShares MSCI Eafe Small-Cap 0.84% 31,079 $2.4M Add +0.3%
BIL SS SPDR BB 1-3M T-Bill ETF 0.79% 24,285 $2.2M Reduce -2.5%
ABT Abbott Laboratories 0.75% 15,837 $2.1M Add +4.0%
ULST SS Ultra Short TM Bond ETF 0.72% 50,182 $2.0M Add +7.8%
UNH Unitedhealth Group Inc. 0.69% 5,608 $1.9M Add +4.1%
CRM Salesforce Inc. 0.68% 8,106 $1.9M Add +1.3%
NDIV Amp Egy&nat Re Cov Cal-Usdin 0.65% 64,051 $1.8M Reduce -25.7%
DDFL Invtr Eq D Di 15 B ETF - Jul 0.64% 89,857 $1.8M New
INTU Intuit Inc. 0.61% 2,506 $1.7M Add +1.8%
SHM SS SPDR N Ice St Muni ETF 0.59% 34,319 $1.7M Add +3.5%
ROK Rockwell Automation Inc. 0.57% 4,570 $1.6M Reduce -0.2%
SCHW Schwab (charles) Corp. 0.55% 16,364 $1.6M No change
TRV The Travelers Cos Inc. 0.54% 5,428 $1.5M Reduce -0.6%
SCHA Schwab US Small-Cap ETF 0.49% 50,079 $1.4M Reduce -1.6%
COR Cencora Inc. 0.48% 4,354 $1.4M Reduce -2.6%
NTLA Intellia Therapeutics Inc. 0.48% 78,059 $1.3M Add +14.9%
UNP Union Pacific Corp. 0.47% 5,619 $1.3M Add +2.0%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.46% 11,376 $1.3M Add +6.1%
MUB iShares National Muni Bond E 0.46% 12,215 $1.3M Reduce -0.5%
MCHP Microchip Technology Inc. 0.46% 20,252 $1.3M Reduce -1.0%
PEP Pepsico Inc. 0.46% 9,255 $1.3M Reduce -0.3%
V Visa Inc. Class A 0.46% 3,800 $1.3M Add +2.4%
PIO Invesco Global Water ETF 0.45% 28,518 $1.3M Reduce -36.4%
DHR Danaher Corp. 0.44% 6,294 $1.2M Reduce -0.3%
VIG Vanguard Dividend Apprec ETF 0.42% 5,513 $1.2M No change
ECL Ecolab Inc. 0.42% 4,325 $1.2M Add +0.2%
MRSH Marsh & McLennan Cos 0.41% 5,723 $1.2M No change
PG The Procter & Gamble Co. 0.39% 7,110 $1.1M Add +6.4%
D Dominion Energy Inc. 0.38% 17,414 $1.1M Add +1.1%
EJUL Innovator Emerging Markets P 0.38% 36,638 $1.1M New
JNJ Johnson & Johnson 0.37% 5,670 $1.1M Add +7.1%
GEM Goldman Sachs Activebeta Em 0.36% 25,220 $1.0M No change
TSLA Tesla Inc. 0.34% 2,143 $953K New
HON Honeywell International Inc. 0.33% 4,416 $930K Reduce -1.5%
SCHO Schwab Short-Term US Treas 0.33% 38,000 $927K No change
ETN Eaton Corp. PLC 0.32% 2,397 $897K Add +1.9%
RSP Invesco S&P 500 Equal Weight 0.31% 4,616 $876K No change
VTI VG Morningstar TS MKT ETF-US 0.28% 2,439 $801K No change
PANW Palo Alto Networks Inc. 0.28% 3,931 $800K Add +5.9%
MLN Vaneck Long Muni ETF 0.27% 43,970 $769K Reduce -75.1%
TSM Taiwan Semiconductor-SP ADR 0.26% 2,660 $743K Add +91.0%
NKE Nike Inc. Class B 0.26% 10,525 $734K Add +2.9%
SPY SS SPDR S&P 500 ETF Trust-US 0.25% 1,040 $693K Reduce -0.9%
MKC McCormick & Co.-Non VTG SHRS 0.24% 10,319 $690K Reduce -1.0%
C Citigroup Inc. 0.24% 6,760 $686K Add +5.6%
BX Blackstone Inc. 0.24% 3,925 $671K Add +7.4%
QQQ Invesco QQQ Trust Series 1 0.22% 1,051 $631K New
ABBV Abbvie Inc. 0.22% 2,661 $616K Add +38.9%
VXUS Vanguard Total Intl Stock 0.21% 8,143 $598K Add +0.5%
CVX Chevron Corp. 0.21% 3,815 $592K Add +24.4%
LLY Eli Lilly & Co. 0.21% 771 $588K Add +20.7%
PM Philip Morris International 0.21% 3,588 $582K Add +9.6%
ACN Accenture PLC Class A 0.20% 2,284 $563K Add +12.0%
DLR Digital Realty Trust Inc. 0.19% 3,043 $526K Reduce -0.3%
TBIL F/M US Treasury 3 Month Bill 0.18% 10,315 $516K No change
DDFS Innovato Equ Du Di 15 Bu ETF 0.17% 22,883 $478K New
PULS Pgim Ultra Short Bond ETF 0.16% 9,236 $460K No change
GSST Goldman Sachs Ultra Short Bo 0.16% 8,955 $454K Reduce -5.9%
XENE Xenon Pharmaceuticals Inc. 0.16% 10,907 $438K Add +0.8%
URI United Rentals Inc. 0.15% 456 $435K Add +2.2%
NVS Novartis AG-Sponsored ADR 0.15% 3,340 $428K Add +30.8%
AMT American Tower Corp. 0.15% 2,210 $425K Add +5.7%
META Meta Platforms Inc. Class A 0.14% 548 $402K New
SO The Southern Co. 0.14% 4,180 $396K Add +4.5%
SBUX Starbucks Corp. 0.14% 4,567 $386K Reduce -4.4%
BALT Inn Defined Wealth Shield 0.13% 11,200 $368K No change
AVGO Broadcom Inc. 0.12% 1,066 $352K New
BSV Vanguard Short-Term Bond ETF 0.12% 4,425 $349K No change
VEU Vanguard Ftse All-World Ex-U 0.12% 4,835 $345K Reduce -0.5%
DUK Duke Energy Corp. 0.12% 2,753 $341K Add +5.1%
SCHM Schwab US Mid Cap ETF 0.12% 11,480 $340K No change
NSC Norfolk Southern Corp. 0.12% 1,110 $333K Add +3.7%
ORCL Oracle Corp. 0.12% 1,185 $333K New
RTX RTX Corp. 0.12% 1,984 $332K Add +16.1%
MO Altria Group Inc. 0.12% 4,930 $326K Add +8.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.11% 1,130 $319K Add +54.8%
PAUG Innovator U.S. Equity Power 0.11% 7,300 $310K No change
USXF iShares ESG Advance MSCI USA 0.11% 5,322 $305K No change
PFE Pfizer Inc. 0.10% 11,356 $289K Add +10.5%
PJUN Innovator U.S. Equity Power 0.10% 6,950 $286K No change
PLTR Palantir Technologies Inc. Class A 0.10% 1,525 $278K New
VB Vanguard Most SM-Cap ETF-Usd 0.09% 1,051 $267K No change
AXP American Express Co. 0.09% 795 $264K Add +17.8%
MRK Merck & Co. Inc. 0.09% 3,132 $263K Add +20.1%
CI The Cigna Group 0.09% 894 $258K No change
NFLX Netflix Inc. 0.08% 195 $234K New
UJAN Innovator U.S. Equity Ultra 0.07% 5,000 $211K No change
ZJAN Innovator Edp ETF - 1Y Jan 0.07% 7,800 $210K No change
MCD McDonald's Corp. 0.07% 685 $208K New
VSDM Vanguard Short Tax-Ex Bond 0.07% 2,641 $203K New
KOCT Innovator U.S. Small Cap Pow 0.07% 6,100 $201K New
LOW Lowe's Cos Inc. 0.07% 800 $201K New
WIT Wipro Ltd.-ADR 0.03% 27,719 $73K New
CDXS Codexis Inc. 0.02% 21,695 $53K No change
GERN Geron Corp. 0.01% 29,710 $41K Add +5.3%

Portfolio Sells Q2 2025 → Q3 2025
MLN Vaneck Long Muni ETF Reduce -75.1% 0.27% −0.91
VCIT Vanguard Int-Term Corporate Sold out 0.00% −0.65
EAPR Innovator Emerging Markets P Sold out 0.00% −0.40
SUB iShares Short-Term National Reduce -2.9% 2.32% −0.34
PIO Invesco Global Water ETF Reduce -36.4% 0.45% −0.34
NDIV Amp Egy&nat Re Cov Cal-Usdin Reduce -25.7% 0.65% −0.30
PFEB Innovator U.S. Equity Power Sold out 0.00% −0.28
COST Costco Wholesale Corp. Reduce -0.8% 1.11% −0.23
VRP Invesco Variable Rate Prefer Reduce -1.8% 1.22% −0.16
CMF iShares California Muni Bond Reduce -0.9% 1.33% −0.14
BIL SS SPDR BB 1-3M T-Bill ETF Reduce -2.5% 0.79% −0.12
VTEB Vanguard Tax-Exempt Bond ETF Reduce -0.2% 1.13% −0.11
MCHP Microchip Technology Inc. Reduce -1.0% 0.46% −0.11
BND Vanguard Total Bond Market Sold out 0.00% −0.10
HON Honeywell International Inc. Reduce -1.5% 0.33% −0.08
MKC McCormick & Co.-Non VTG SHRS Reduce -1.0% 0.24% −0.07
DHR Danaher Corp. Reduce -0.3% 0.44% −0.05
COR Cencora Inc. Reduce -2.6% 0.48% −0.05
MUB iShares National Muni Bond E Reduce -0.5% 0.46% −0.05
TRV The Travelers Cos Inc. Reduce -0.6% 0.54% −0.04
ROK Rockwell Automation Inc. Reduce -0.2% 0.57% −0.04
SBUX Starbucks Corp. Reduce -4.4% 0.14% −0.04
GSST Goldman Sachs Ultra Short Bo Reduce -5.9% 0.16% −0.03
PEP Pepsico Inc. Reduce -0.3% 0.46% −0.03
DLR Digital Realty Trust Inc. Reduce -0.3% 0.19% −0.02
SCHA Schwab US Small-Cap ETF Reduce -1.6% 0.49% −0.02
SPY SS SPDR S&P 500 ETF Trust-US Reduce -0.9% 0.25% −0.01
VEU Vanguard Ftse All-World Ex-U Reduce -0.5% 0.12% −0.01

Portfolio Buys Q2 2025 → Q3 2025
PWZ Invesco California Amt-Free Add +396.0% 1.05% +0.82
DDFL Invtr Eq D Di 15 B ETF - Jul New 0.64% +0.64
AAPL Apple Inc. Add +16.8% 2.34% +0.53
NVDA Nvidia Corp. Add +29.3% 1.89% +0.50
GOOGL Alphabet Inc. Class A Add +15.4% 1.31% +0.39
EJUL Innovator Emerging Markets P New 0.38% +0.38
TSLA Tesla Inc. New 0.34% +0.34
TFLO iShares Treasury Floating Ra Add +22.7% 3.86% +0.34
USFR Wisdomtree Floating Rate Tre Add +29.4% 2.31% +0.31
FLOT iShares Floating Rate Bond E Add +49.1% 1.08% +0.27
MSFT Microsoft Corp. Add +27.7% 1.51% +0.24
NTLA Intellia Therapeutics Inc. Add +14.9% 0.48% +0.23
QQQ Invesco QQQ Trust Series 1 New 0.22% +0.22
GOOG Alphabet Inc. Class C Add +0.4% 0.98% +0.18
DDFS Innovato Equ Du Di 15 Bu ETF New 0.17% +0.17
LOUP Innovator Deepwater Frontier Add +1.4% 2.37% +0.15
AIRR First Trust Rba American Ind Add +1.8% 1.95% +0.15
JPST JPMorgan Ultra-Short Income Add +18.5% 2.54% +0.14
META Meta Platforms Inc. Class A New 0.14% +0.14
TSM Taiwan Semiconductor-SP ADR Add +91.0% 0.26% +0.14
AVGO Broadcom Inc. New 0.12% +0.12
ORCL Oracle Corp. New 0.12% +0.12
PLTR Palantir Technologies Inc. Class A New 0.10% +0.10
NFLX Netflix Inc. New 0.08% +0.08
ABBV Abbvie Inc. Add +38.9% 0.22% +0.08
MCD McDonald's Corp. New 0.07% +0.07
VSDM Vanguard Short Tax-Ex Bond New 0.07% +0.07
KOCT Innovator U.S. Small Cap Pow New 0.07% +0.07
LOW Lowe's Cos Inc. New 0.07% +0.07
DFCA Dimensional Calfornia MB ETF Add +16.2% 1.11% +0.05
JNJ Johnson & Johnson Add +7.1% 0.37% +0.05
VWO Vanguard Ftse Emerging Marke Add +7.4% 0.87% +0.04
CVX Chevron Corp. Add +24.4% 0.21% +0.04
NVS Novartis AG-Sponsored ADR Add +30.8% 0.15% +0.03
IBM Intl Business Machines Corp. Add +54.8% 0.11% +0.03
C Citigroup Inc. Add +5.6% 0.24% +0.03
WIT Wipro Ltd.-ADR New 0.03% +0.03
URI United Rentals Inc. Add +2.2% 0.15% +0.02
BX Blackstone Inc. Add +7.4% 0.24% +0.02
XENE Xenon Pharmaceuticals Inc. Add +0.8% 0.16% +0.02
UNH Unitedhealth Group Inc. Add +4.1% 0.69% +0.02
RTX RTX Corp. Add +16.1% 0.12% +0.02
MRK Merck & Co. Inc. Add +20.1% 0.09% +0.01
LLY Eli Lilly & Co. Add +20.7% 0.21% +0.01
JPM JPMorgan Chase & Co. Add +3.9% 1.12% +0.01
MO Altria Group Inc. Add +8.3% 0.12% +0.01
NSC Norfolk Southern Corp. Add +3.7% 0.12% +0.01
GSLC Goldman Activebeta US LC ETF Add +5.0% 1.21% +0.01
AXP American Express Co. Add +17.8% 0.09% +0.01
PFE Pfizer Inc. Add +10.5% 0.10% +0.00

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 200$399.8MCALI, LOUP, VEA, TFLO, AAPL
Q1 2026 178$361.6MTFLO, CALI, VEA, JPST, AAPL
Q4 2025 171$316.6MAAPL, VEA, TFLO, CALI, JMST
Q3 2025 140$282.3MTFLO, VEA, CALI, JMST, JPST
Q2 2025 129$252.3MTFLO, VEA, CALI, JMST, SUB
Q1 2025 128$243.8MUSFR, VEA, TFLO, CALI, SUB
Q4 2024 128$247.8MUSFR, TFLO, VEA, TOTL, SUB
Q3 2024 126$242.5MTFLO, VEA, TOTL, VGSH, JPST
Q2 2024 123$224.6MVGSH, TOTL, JPST, VEA, TFLO
Q1 2024 122$233.7MCRBU, VGSH, JPST, TOTL, TFLO