SEC 13F Intelligence

Managers / Q3 2020 · view latest →

Elm Partners Management LLC

CIK 0001743941 · 50 S 16TH ST., SUITE 1700, PHILADELPHIA, PA, 19102 · (800) 459-7591

Reported Value
$594M
Q3 2020
Positions
42
Filings on Record
31
2019–present window
Filed
Oct 19, 2020
original filing

Summary

Elm Partners Management LLC reported $594M in U.S.-listed holdings across 42 positions for Q3 2020.

Its largest position, Vanguard Total Stock Mkt Etf, represents 14.9% of the portfolio.

Compared with Q2 2020, the fund opened 0 new positions and exited 3.

Portfolio Metrics

Turnover
+4.0%
vs prior filed quarter
Top-10 Concentration
+72.3%
share of reported value
Largest Position
+14.9%
Vanguard Total Stock Mkt Etf

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $290MQ4 ’18Q1 ’19: $374MQ2 ’19: $447MQ3 ’19: $442MQ4 ’19: $457MQ4 ’19Q1 ’20: $455MQ2 ’20: $560MQ3 ’20: $594MQ4 ’20: $669MQ4 ’20Q1 ’21: $703MQ2 ’21: $760MQ3 ’21: $749MQ4 ’21: $811MQ4 ’21Q1 ’22: $791MQ2 ’22: $767MQ3 ’22: $741MQ4 ’22: $864MQ4 ’22Q1 ’23: $951MQ2 ’23: $993MQ3 ’23: $967MQ4 ’23: $1.1BQ4 ’23Q1 ’24: $1.3BQ2 ’24: $1.3BQ3 ’24: $1.4BQ4 ’24: $1.5BQ4 ’24Q1 ’25: $1.6BQ2 ’25: $1.7BQ3 ’25: $2.0BQ4 ’25: $2.2BQ4 ’25Q1 ’26: $2.3Bfilingsflow.com

Portfolio Composition

By security type
ETP: 98.2%Other: 1.8%
  • ETP · 98.2% · $584M
  • Other · 1.8% · $11M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ISHARES SHORT TREASURY BONDSOLD OUT−410−$5,000$0
ISHARES RUSSELL 2000 ETFSOLD OUT−70−$1,000$0
ISHARES 1-3 YEAR TREASURY BOSOLD OUT−80−$1,000$0
SCHWAB US BROAD MARKET ETFADDED+3.0K11.9K+$292,000$949,000
VGSHVANGUARD SHORT-TERM TREASURYTRIMMED−45.3K93.2K−$3M$6M
VANGUARD FTSE EMERGING MARKEADDED+321.4K1.31M+$17M$57M
SPDR BBG BARC 1-3 MONTH TBILTRIMMED−74.0K176.1K−$7M$16M
VANGUARD FTSE EUROPE ETFADDED+214.4K998.4K+$13M$52M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q3 2020

42 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VANGUARD TOTAL STOCK MKT ETFETF14.88%$88M519.5K
2ISHARES CORE MSCI EMERGINGETF9.62%$57M1.08M
3VANGUARD FTSE EMERGING MARKEETF9.55%$57M1.31M
4VANGUARD FTSE EUROPE ETFETF8.81%$52M998.4K
5ISHARES CORE S&P TOTAL U.S.ETF8.47%$50M666.7K
6ISHARES CORE MSCI EUROPEETF5.49%$33M730.4K
7VANGUARD FTSE PACIFIC ETFETF4.20%$25M367.2K
8ISHARES CORE MSCI PACIFIC ETETF4.07%$24M429.9K
9VANGUARD S&P 500 ETFETF3.64%$22M70.4K
10ISHARES CORE S&P 500 ETFETF3.61%$21M63.9K
11VANGUARD TOTAL BOND MARKETETF3.17%$19M213.6K
12SPDR BBG BARC 1-3 MONTH TBILETF2.71%$16M176.1K
13VANGUARD REAL ESTATE ETFETF2.33%$14M175.4K
14VANGUARD TAX-EXEMPT BOND ETFETF2.07%$12M225.9K
15JPMORGAN BETABUILDERS CANADAETF1.82%$11M454.2K
16VANGUARD SMALL-CAP ETFETF1.56%$9M60.4K
17SCHWAB US REIT ETFETF1.52%$9M255.0K
18XTRACKERS USD HIGH YIELD CORETF1.33%$8M164.3K
19ISHARES TIPS BOND ETFETF1.21%$7M56.6K
20VANGUARD GLBL EX-US REAL ESTETF1.05%$6M128.3K
21IAUUSDISHARES GOLD TRUSThistory →ETF1.03%$6M339.3K
22ISHARES NATIONAL MUNI BOND EETF0.99%$6M51.0K
23VGSHVANGUARD SHORT-TERM TREASURYETF0.97%$6M93.2K
24VANGUARD FTSE ALL WO X-US SCETF0.81%$5M45.6K
25VTVVANGUARD VALUE ETFETF0.80%$5M45.7K
26ISHARES MSCI EAFE SMALL-CAPETF0.74%$4M74.7K
27ISHARES CORE U.S. AGGREGATEETF0.71%$4M35.9K
28ISHARES MSCI CANADA ETFETF0.61%$4M131.4K
29ISHARES CORE S&P U.S. VALUEETF0.54%$3M59.4K
30SCHWAB INTL SMALL-CAP EQUITYETF0.36%$2M66.1K
31ISHARES IBOXX HIGH YLD CORPETF0.36%$2M25.6K
32ISHARES CORE S&P SMALL-CAP EETF0.35%$2M29.7K
33VANGUARD INTERMEDIATE-TERM TETF0.26%$2M22.0K
34SCHWAB US BROAD MARKET ETFETF0.16%$949,00011.9K
35SPDR S&P 500 ETF TRUSTETF0.10%$608,0001.8K
36ISHARES RUSSELL 1000 VALUE EETF0.04%$236,0002.0K
37ISHARES MSCI EAFE VALUE ETFETF0.02%$105,0002.6K
38SCHWAB EMERGING MARKETS EQUIETF0.01%$67,0002.5K
39SCHWAB US LARGE-CAP ETFETF0.01%$39,000484
40VANGUARD TOTAL INTL STOCKETF0.00%$23,000450
41SCHWAB US SMALL-CAP ETFETF0.00%$14,000205
42ISHARES MSCI EAFE ETFETF0.00%$1,0009

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$2.3B158May 13, 202613F-HRchanges · EDGAR ↗
Q4 2025$2.2B154Feb 10, 202613F-HRchanges · EDGAR ↗
Q3 2025$2.0B149Nov 4, 202513F-HRchanges · EDGAR ↗
Q2 2025$1.7B97Aug 5, 202513F-HRchanges · EDGAR ↗
Q1 2025$1.6B66May 13, 202513F-HRchanges · EDGAR ↗
Q4 2024$1.5B68Feb 13, 202513F-HRchanges · EDGAR ↗
Q3 2024$1.4B60Nov 7, 202413F-HRchanges · EDGAR ↗
Q2 2024$1.3B60Jul 31, 202413F-HRchanges · EDGAR ↗
Q1 2024$1.3B61Apr 30, 202413F-HRchanges · EDGAR ↗
Q4 2023$1.1B52Jan 29, 202413F-HRchanges · EDGAR ↗
Q3 2023$967M47Oct 24, 202313F-HRchanges · EDGAR ↗
Q2 2023$993M41Jul 19, 202313F-HRchanges · EDGAR ↗
Q1 2023$951M39Apr 18, 202313F-HRchanges · EDGAR ↗
Q4 2022$864M35Jan 26, 202313F-HRchanges · EDGAR ↗
Q3 2022$741M36Oct 18, 202213F-HRchanges · EDGAR ↗
Q2 2022$767M32Jul 18, 202213F-HRchanges · EDGAR ↗
Q1 2022$791M51Apr 21, 202213F-HRchanges · EDGAR ↗
Q4 2021$811M33Jan 21, 202213F-HRchanges · EDGAR ↗
Q3 2021$749M35Oct 26, 2021RESTATEMENTchanges · EDGAR ↗
Q2 2021$760M42Jul 19, 202113F-HRchanges · EDGAR ↗
Q1 2021$703M42Apr 26, 202113F-HRchanges · EDGAR ↗
Q4 2020$669M41Jan 19, 202113F-HRchanges · EDGAR ↗
Q3 2020$594M42Oct 19, 202013F-HRchanges · EDGAR ↗
Q2 2020$560M45Jul 22, 202013F-HRchanges · EDGAR ↗
Q1 2020$455M41May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$457M42Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$442M41Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$447M41Aug 8, 201913F-HRchanges · EDGAR ↗
Q1 2019$374M39May 14, 201913F-HRchanges · EDGAR ↗
Q4 2018$290M31Jan 11, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.