SEC 13F Intelligence

Managers / Q3 2025 · view latest →

Elm Partners Management LLC

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

Reported Value
$2.0B
Q3 2025
Positions
149
Filings on Record
31
2019–present window
Filed
Nov 4, 2025
original filing

Summary

Elm Partners Management LLC reported $2.0B in U.S.-listed holdings across 149 positions for Q3 2025.

Its largest position, Vanguard Index Fds, represents 15.4% of the portfolio.

Compared with Q2 2025, the fund opened 53 new positions and exited 3.

Portfolio Metrics

Turnover
+2.9%
vs prior filed quarter
Top-10 Concentration
+70.2%
share of reported value
Largest Position
+15.4%
Vanguard Index Fds
New / Exited
53 / 3
positions this quarter

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: 95.2%Common Stock: 4.7%Other: 0.1%ADR: 0.0%
  • ETP · 95.2% · $1.9B
  • Common Stock · 4.7% · $95M
  • Other · 0.1% · $1M
  • ADR · 0.0% · $895,192

Quarter-over-Quarter Changes full breakdown →

vs Q2 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
MUMICRON TECHNOLOGY INCNEW+33.0K33.0K+$6M$6M
DFUSUSDDIMENSIONAL ETF TRUSTNEW+70.6K70.6K+$5M$5M
ISHARES TRNEW+7.8K7.8K+$4M$4M
GOOGLALPHABET INCNEW+7.5K7.5K+$2M$2M
AMZNAMAZON COM INCNEW+7.2K7.2K+$2M$2M
JPMJPMORGAN CHASE & CO.NEW+3.9K3.9K+$1M$1M
VUGVANGUARD INDEX FDSNEW+1.7K1.7K+$816,935$816,935
ORCLORACLE CORPNEW+2.9K2.9K+$813,435$813,435

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

Holdings — Q3 2025

25 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VANGUARD INTL EQUITY INDEX FFTSE EMR MKT ETF · FTSE EUROPE ETF · FTSE PACIFIC ETF23.58%$472M7.12M
2VTVVANGUARD INDEX FDShistory →TOTAL STK MKT · S&P 500 ETF SHS · VALUE ETF · SMALL CP ETF · REAL ESTATE ETF20.56%$411M1.29M
3ISHARES TR0-3 MNTH TREASRY · CORE MSCI EURO · CORE S&P TTL STK · 0-5 YR TIPS ETF · CORE MSCI PAC · CORE US AGGBD ET · CORE S&P500 ETF · NATIONAL MUN ETF · CORE S&P US VLU · RUS 1000 GRW ETF · CORE S&P SCP ETF16.82%$337M3.50M
4SCHWAB STRATEGIC TRUS TIPS ETF · US REIT ETF · INTL EQTY ETF · US BRD MKT ETF8.32%$167M6.32M
5SERIES PORTFOLIOS TRELM MARKET NAVIG8.26%$165M6.05M
6ISHARES INCCORE MSCI EMKT · MSCI CDA ETF5.24%$105M1.62M
7J P MORGAN EXCHANGE TRADED FBETABUILDERS EUR · BETABUILDERS CDA2.94%$59M776.7K
8VGSHVANGUARD SCOTTSDALE FDShistory →SHORT TERM TREAS2.47%$49M840.0K
9VANGUARD BD INDEX FDSTOTAL BND MRKT2.12%$42M570.3K
10SPDR INDEX SHS FDSPORTFOLIO EMG MK1.66%$33M709.5K
11NVDANVIDIA CORPORATIONhistory →COM1.24%$25M132.5K
12VANGUARD WORLD FDINF TECH ETF · FINANCIALS ETF · CONSUM DIS ETF0.44%$9M32.2K
13VANGUARD MUN BD FDSTAX EXEMPT BD0.34%$7M134.8K
14AAPLAPPLE INCCOM0.32%$6M24.8K
15DFUSUSDDIMENSIONAL ETF TRUSTUS EQUITY MARKET0.26%$5M70.6K
16SPDR S&P 500 ETF TRTR UNIT0.24%$5M7.1K
17BRK/ABERKSHIRE HATHAWAY INC DELCL A0.23%$5M6
18CRWDCROWDSTRIKE HLDGS INCCL A0.22%$4M9.1K
19SELECT SECTOR SPDR TRTECHNOLOGY0.16%$3M11.4K
20VANGUARD TAX-MANAGED FDSVAN FTSE DEV MKT0.16%$3M52.4K
21SPDR SERIES TRUSTPORTFOLIO S&P5000.15%$3M39.1K
22LLYELI LILLY & COCOM0.15%$3M3.9K
23IBMINTERNATIONAL BUSINESS MACHSCOM0.15%$3M10.4K
24VRTVERTIV HOLDINGS COCOM CL A0.14%$3M19.1K
25MSFTMICROSOFT CORPCOM0.14%$3M5.3K

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 ↗.