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Asset Manager ← All Institutions

Elm Partners Management LLC

Q4 2025 · Filed 2026-02-10
Market Value
$2.2B
+10.7%
Holdings
159
+10
New Purchases
13
Added To
83
Closed
5
Reduced
32
Top 10 Concentration
68.6%
Turnover
11.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
BND 3.33% 2.13% +1.20% $73M
VGSH 3.54% 2.48% +1.06% $78M
SCHP 8.50% 7.45% +1.05% $187M
VGK 8.33% 7.58% +0.75% $184M
VTEB 1.03% 0.34% +0.69% $23M
VOO 3.43% 2.79% +0.64% $76M
AGG 1.32% 0.92% +0.41% $29M
VBIL 0.37% 0.00% +0.37% $8M
MUB 0.63% 0.27% +0.36% $14M
SPEM 1.86% 1.67% +0.19% $41M
VWO 11.28% 11.16% +0.12% $249M
BBEU 1.85% 1.75% +0.10% $41M
VFH 0.23% 0.14% +0.09% $5M
VNQ 0.39% 0.30% +0.08% $8M
GOOG 0.07% 0.00% +0.07% $2M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ELM 5.56% 8.30% -2.74% $123M
SGOV 2.18% 4.07% -1.89% $48M
IEUR 3.10% 3.57% -0.48% $68M
IEMG 4.53% 4.97% -0.44% $100M
VTI 15.15% 15.51% -0.36% $334M
STIP 1.99% 2.30% -0.31% $44M
NVDA 0.93% 1.24% -0.31% $21M
ITOT 2.73% 3.00% -0.27% $60M
IWF 0.04% 0.18% -0.15% $800K
IPAC 1.63% 1.75% -0.12% $36M
VB 0.88% 0.98% -0.11% $19M
AAPL 0.24% 0.32% -0.07% $5M
NFLX 0.04% 0.11% -0.07% $915K
IVV 0.45% 0.49% -0.04% $10M
SPY 0.20% 0.24% -0.04% $4M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 48 $593M 26.9%
Large Cap 90 $1.3B 59.2%
Mid Cap 18 $183M 8.3%
Small Cap 3 $124M 5.6%

Portfolio Analytics

Avg Market Cap
$379.1B
Median Market Cap
$98.0B
Avg P/E
41.8
Median P/E
28.7
Avg Dividend Yield
0.01%
Avg Beta
0.94
# Stocks
70
# ETFs / Funds
89

Top Holdings (159 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 VTI 15.15% 996,018 $334M $335.27 $25M +54,790 +5.8%
2 VWO 11.28% 4,625,697 $249M $53.76 $27M +525,150 +12.8%
3 SCHP 8.50% 7,072,390 $187M $26.49 $39M +1,565,715 +28.4%
4 VGK 8.33% 2,196,125 $184M $83.61 $33M +305,451 +16.2%
5 ELM 5.56% 4,496,630 $123M $27.25 -$43M -1,552,255 -25.7%
6 VPL 4.95% 1,207,832 $109M $90.40 $10M +82,677 +7.3%
7 IEMG 4.53% 1,484,000 $100M $67.22 $798K -17,164 -1.1%
8 VGSH 3.54% 1,328,709 $78M $58.73 $29M +488,675 +58.2%
9 VOO 3.43% 120,434 $76M $627.13 $20M +29,814 +32.9%
10 BND 3.33% 991,972 $73M $74.07 $31M +421,657 +73.9%
11 IEUR 3.10% 961,294 $68M $70.98 -$3M -82,867 -7.9%
12 ITOT 2.73% 404,268 $60M $148.69 $339K -6,113 -1.5%
13 SGOV 2.18% 479,084 $48M $100.38 -$33M -326,134 -40.5%
14 STIP 1.99% 428,603 $44M $102.39 -$2M -15,236 -3.4%
15 SPEM 1.86% 876,410 $41M $46.81 $8M +166,863 +23.5%
16 BBEU 1.85% 556,073 $41M $73.30 $6M +55,283 +11.0%
17 IPAC 1.63% 489,530 $36M $73.21 $1M +16,183 +3.4%
18 AGG 1.32% 291,724 $29M $99.88 $11M +109,813 +60.4%
19 BBCA 1.25% 295,147 $27M $93.00 $3M +19,267 +7.0%
20 VTV 1.09% 125,961 $24M $190.99 $3M +11,018 +9.6%
21 VTEB 1.03% 452,643 $23M $50.29 $16M +317,820 +235.7%
22 NVDA 0.93% 110,132 $21M $186.50 -$4M -22,371 -16.9%
23 VB 0.88% 74,845 $19M $257.95 -$276K -2,164 -2.8%
24 MUB 0.63% 130,108 $14M $107.11 $9M +79,956 +159.4%
25 SCHH 0.59% 627,312 $13M $20.89 $938K +63,271 +11.2%
26 IVV 0.45% 14,610 $10M $684.92 $168K -90 -0.6%
27 VNQ 0.39% 96,023 $8M $88.49 $2M +29,780 +45.0%
28 VBIL 0.37% 108,898 $8M $75.43 +108,898 NEW
29 EWC 0.28% 112,477 $6M $53.93 $211K -3,356 -2.9%
30 AAPL 0.24% 19,832 $5M $271.86 -$919K -4,951 -20.0%
31 DFUS 0.24% 70,637 $5M $74.17 $122K
32 VFH 0.23% 37,784 $5M $133.49 $2M +16,959 +81.4%
33 IUSV 0.21% 45,133 $5M $102.54 $114K -29 -0.1%
34 BRK-A 0.21% 6 $5M $754,800.00 $4K
35 SPY 0.20% 6,364 $4M $681.92 -$366K -699 -9.9%
36 CRWD 0.19% 9,094 $4M $468.76 -$197K
37 LLY 0.19% 3,837 $4M $1,074.68 $1M -64 -1.6%
38 XLK 0.18% 27,373 $4M $143.97 $723K +15,956 +139.8%
39 SCHF 0.18% 163,644 $4M $24.04 $328K +8,762 +5.7%
40 VGT 0.18% 5,170 $4M $753.80 $373K +450 +9.5%
41 COHR 0.17% 19,998 $4M $184.57 $2M
42 VEA 0.17% 59,046 $4M $62.47 $551K +6,680 +12.8%
43 SPLG 0.16% 42,976 $3M $80.22 $385K +3,878 +9.9%
44 BN 0.15% 69,811 $3M $45.89 $1M +23,270 +50.0%
45 IBM 0.14% 10,778 $3M $296.21 $265K +403 +3.9%
46 XLF 0.14% 57,384 $3M $54.77 $2M +28,645 +99.7%
47 VRT 0.14% 19,053 $3M $162.01 $212K
48 VCR 0.13% 7,496 $3M $393.92 $307K +818 +12.2%
49 VHT 0.13% 10,005 $3M $287.85 $2M +4,788 +91.8%
50 SCHB 0.13% 106,827 $3M $26.23 $375K +12,415 +13.2%
51 MSFT 0.12% 5,331 $3M $483.64 -$164K +36 +0.7%
52 IJR 0.11% 21,045 $3M $120.18 $118K +756 +3.7%
53 VOX 0.11% 12,864 $2M $193.63 $472K +2,108 +19.6%
54 GOOGL 0.10% 7,361 $2M $312.99 $483K -126 -1.7%
55 VIS 0.09% 6,882 $2M $298.38 $599K +1,973 +40.2%
56 RTX 0.08% 9,347 $2M $183.40 $158K +48 +0.5%
57 AMD 0.08% 7,998 $2M $214.16 $467K +296 +3.8%
58 IVE 0.07% 7,791 $2M $212.07 $63K +94 +1.2%
59 GOOG 0.07% 4,977 $2M $313.80 +4,977 NEW
60 FLCA 0.07% 30,762 $1M $48.30 $89K +3 +0.0%
61 VXUS 0.06% 18,391 $1M $75.44 $40K +43 +0.2%
62 JPM 0.06% 4,114 $1M $322.24 $92K +204 +5.2%
63 AVGO 0.06% 3,600 $1M $346.06 $48K -31 -0.8%
64 LRCX 0.06% 7,250 $1M $171.18 $570K +2,240 +44.7%
65 XLI 0.05% 7,789 $1M $155.12 $156K +966 +14.2%
66 VUG 0.05% 2,414 $1M $487.92 $361K +711 +41.8%
67 IEFA 0.05% 12,848 $1M $89.46 $32K +54 +0.4%
68 DUK 0.05% 9,254 $1M $117.21 -$50K +83 +0.9%
69 BTC 0.05% 27,600 $1M $38.73 +27,600 NEW
70 BRK-B 0.05% 2,110 $1M $502.73 $151K +301 +16.6%
71 ABBV 0.05% 4,585 $1M $228.49 -$5K +39 +0.9%
72 SCHA 0.05% 35,815 $1M $28.48 $116K +3,412 +10.5%
73 AMZN 0.05% 4,399 $1M $230.83 -$576K -2,847 -39.3%
74 COST 0.05% 1,154 $995K $862.34 $33K +115 +11.1%
75 VIG 0.05% 4,521 $994K $219.77 $219K +932 +26.0%
76 NFLX 0.04% 9,763 $915K $93.76 -$1M +7,980 +447.6%
77 META 0.04% 1,319 $870K $659.88 -$105K -9 -0.7%
78 IWF 0.04% 1,689 $800K $473.36 -$3M -6,160 -78.5%
79 ALNY 0.04% 2,008 $798K $397.65 +2,008 NEW
80 D 0.03% 13,078 $766K $58.59 -$34K
81 MKL 0.03% 349 $750K $2,149.65 $179K +50 +16.7%
82 VBR 0.03% 3,471 $735K $211.81 -$229K -1,151 -24.9%
83 IUSG 0.03% 4,148 $697K $167.93 $10K -27 -0.7%
84 IWM 0.03% 2,772 $682K $246.16 $136K +514 +22.8%
85 OEF 0.03% 1,989 $682K $342.97 $20K
86 XOM 0.03% 5,644 $679K $120.33 $60K +156 +2.8%
87 VEU 0.03% 9,162 $674K $73.56 $280K +3,636 +65.8%
88 VOE 0.03% 3,584 $636K $177.38 $10K +1 +0.0%
89 BIL 0.03% 6,683 $611K $91.38 -$31K -309 -4.4%
90 ORCL 0.03% 2,892 $564K $194.93 -$250K
91 TIP 0.03% 5,116 $562K $109.91 $210K +1,950 +61.6%
92 BAC 0.03% 10,162 $559K $55.00 $98K +1,227 +13.7%
93 SRE 0.02% 6,153 $543K $88.29 -$27K -189 -3.0%
94 IVW 0.02% 4,406 $543K $123.26 $12K +5 +0.1%
95 SCHV 0.02% 17,881 $529K $29.61 $174K +5,666 +46.4%
96 PLD 0.02% 4,028 $514K $127.66 +4,028 NEW
97 TSM 0.02% 1,614 $490K $303.89 $65K +89 +5.8%
98 IAU 0.02% 5,914 $480K $81.17 $166K +1,600 +37.1%
99 V 0.02% 1,307 $458K $350.76 $12K
100 DLO 0.02% 32,000 $452K $14.14 +32,000 NEW

Options Breakdown

3 Calls $0 Call Value 0 Puts $0 Put Value

Top Calls

SymbolSharesValueStatus
COHR $0 SOLD
MU $0 SOLD
AMD $0 SOLD

New Positions

SymbolValue% Port
VBIL $8M 0.37%
GOOG $2M 0.07%
BTC $1M 0.05%
ALNY $798K 0.04%
PLD $514K 0.02%
DLO $452K 0.02%
MELI $451K 0.02%
MRK $327K 0.01%
XLP $287K 0.01%
MU $240K 0.01%
JNJ $238K 0.01%
STX $228K 0.01%
SLV $221K 0.01%

Sold Out Positions

SymbolValue% Port
BNDX —%
SUSB —%
XLV —%
VDE —%
EBAY —%
View SEC EDGAR Filings for Elm Partners Management LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms