10Elms LLP Q3 2025 Filing

Filed November 12, 2025

Portfolio Value

$111.2B

Holdings

498

Report Date

Q3 2025

Filing Type

13F-HR

All Holdings (498 positions)

#StockSharesValue% PortfolioType
101
IL ILSHSG 1.4 10/01/2030ILLINOIS HSG DEV 1 4 30SING HSG DUE 10/01/30XTRO
150,000$136.9M0.12%
102
IDV*ISHARES INTERNATIONAL SEL DIV ETF
3,500$127.9M0.12%
103
LNGCHENIERE ENERGY INC
541$127.1M0.11%
104
JNJJOHNSON & JOHNSON
683$126.6M0.11%
105
TFC 1.125 08/03/27 MTNTRUIST FINL COR 1 125 27 DUE 08/03/27
130,000$123.3M0.11%
106
PM 1.75 11/01/30PHILIP MORRIS IN 1 75 30 DUE 11/01/30
135,000$119.3M0.11%
107
IBHGISHS IBND 2027 TRM HGH YLD INCM ETF
5,257$118.2M0.11%
108
TD 5.156 01/10/28THE TORONTO-DO5 156 28F DUE 01/10/28
115,000$117.7M0.11%
109
GILD 1.2 10/01/27GILEAD SCIENCES, 1 2 27 DUE 10/01/27
124,000$117.5M0.11%
110
VBRVANGUARD SMALL CAP VALUEETF
562$117.3M0.11%
111
PSA 5.125 01/15/29PUBLIC STORAGE 5 125 29 DUE 01/15/29
110,000$113.6M0.10%
112
UBERUBER TECHNOLOGIES INC
1,150$112.7M0.10%
113
SUSUNCOR ENERGY INC NEW F
2,650$110.8M0.10%
114
LVMUYLVMH MOET HENNESSY LOU FSPONSORED ADR 1 ADR REPS 0 2 ORD SHS
900$110.1M0.10%
115
ACP 5.25 PERP AABRDN ASSET M 5 25 PFDPFD SER A
5,000$107.0M0.10%
116
TMUST-MOBILE US INC
432$103.4M0.09%
117
MMM 2.375 08/26/293M CO 2 375 29 DUE 08/26/29
110,000$103.0M0.09%
118
PSA 5.15 PERP FPUBLIC STORAG 5 15 PFDPFD SER F
4,500$102.7M0.09%
119
WMTWALMART INC
990$102.0M0.09%
120
TX SNFSCD 4 08/15/2032SAN FELIPE DEL RIO 4 32GO UTX DUE 08/15/32
100,000$101.5M0.09%
121
QCOMQUALCOMM INC
603$100.3M0.09%
122
TX HARMED 4 02/15/2031HARRIS CNTY TEX HOS 4 31DIST HLTH DUE 02/15/31
100,000$100.3M0.09%
123
NY NYSHGR 4.62 06/01/2027NEW YORK ST DOR 4 625 27POOL EDR DUE 06/01/27OID XTRO
100,000$100.2M0.09%
124
TX DALGEN 4 08/15/2035DALLAS TEX HOTEL OC 4 35SERV TAX DUE 08/15/35
100,000$100.2M0.09%
125
OK CLIUTL 4 12/01/2034CLINTON OKLA PUB WK 4 34COMB TAX DUE 12/01/34XTRO BUILD AMERICA MUTUA
100,000$100.0M0.09%
126
TX PRTGEN 4.12 06/01/2031PORT FREEPORT T 4 125 31PA TRAN DUE 06/01/31OID
100,000$100.0M0.09%
127
KS JOHFAC 3.62 09/01/2034JOHNSON CNTY KA 3 625 34MUNI BLDG DUE 09/01/34OID XTRO
100,000$100.0M0.09%
128
TX KAUUTL 4 09/01/2035KAUFMAN CNTY TEX MU 4 35GO UTX DUE 09/01/35OID
100,000$100.0M0.09%
129
IL AUR 3.12 12/30/2032AURORA ILL 3 125 32GO UTX DUE 12/30/32OID
100,000$99.8M0.09%
130
NY NYTTRN 4 07/01/2035NEW YORK TRANSN DEV 4 35AIR TRAN DUE 07/01/35XTRO
100,000$99.4M0.09%
131
NY RAMDEV 5 03/15/2041RAMAPO N Y LOC DEV 5 41REV LTX DUE 03/15/41
100,000$98.7M0.09%
132
TX ARLEDU 4 08/15/2039ARLINGTON TEX HIGHE 4 39CHAR EDUC DUE 08/15/39OID XTRO
100,000$98.6M0.09%
133
PSX 4.65 11/15/34PHILLIPS 66 4 65 34 DUE 11/15/34
100,000$97.4M0.09%
134
TRPCN 4.625 03/01/34TRANSCANADA PI4 625 34F DUE 03/01/34
100,000$97.3M0.09%
135
TVA V2.134 06/01/28 DTVA VAR 06/01/ 2 134 PFD DUE 06/01/28SUBJ TO XTRO REDEMPTION
4,037$96.3M0.09%
136
TX TAREDU 4 11/15/2042TARRANT CNTY TEX CU 4 42SYST HLTH DUE 11/15/42XTRO
100,000$94.3M0.08%
137
IL COOSCD 3 12/01/2035COOK CNTY ILL SCH D 3 35GO LTX DUE 12/01/35
100,000$93.4M0.08%
138
IL KANHGR 1.5 12/15/2029KANE COOK & DU PA 1 5 29GO UTX DUE 12/15/29
100,000$91.9M0.08%
139
IL EVA 2 12/01/2031EVANSTON ILL 2 31GO UTX DUE 12/01/31
100,000$90.5M0.08%
140
NVSNNOVARTIS AG FSPONSORED ADR 1 ADR REPS 1 ORD SHS
700$89.8M0.08%
141
IL ELG 2 12/15/2025ELGIN ILL 2 25GO UTX DUE 12/15/25
90,000$89.7M0.08%
142
CO ARAUTL 2.25 12/01/2034ARAPAHOE CNTY CO 2 25 34GO UTX DUE 12/01/34OID
100,000$89.2M0.08%
143
GMGENERAL MTRS CO
1,458$88.9M0.08%
144
IL CHASCD 3 12/01/2033CHAMPAIGN & VERMILL 3 33GO UTX DUE 12/01/33
90,000$88.8M0.08%
145
FBRT 7.5 PERP EFRANKLIN BSP R 7 5 PFDPFD SER E
4,200$88.7M0.08%
146
SRE 1.7 10/01/30 VVVSAN DIEGO GAS & E 1 7 30 DUE 10/01/30
100,000$88.3M0.08%
147
BMO 1.25 09/15/26 MTNBANK OF MONTREA1 25 26F DUE 09/15/26
90,000$87.7M0.08%
148
NEE 5 02/28/30NEXTERA ENERGY CAPI 5 30 DUE 02/28/30
85,000$87.6M0.08%
149
ETR 1.75 03/15/31ENTERGY TEXAS, I 1 75 31 DUE 03/15/31
100,000$87.3M0.08%
150
CA LEADEV 3.62 12/01/2027SAN LEANDRO CAL 3 625 27MUNI BLDG DUE 12/01/27OID XTRO
85,000$85.1M0.08%
151
TX VIRGEN 2 12/01/2034VIRIDIAN MUN MGMT D 2 34DB UTX DUE 12/01/34OID
100,000$84.6M0.08%
152
LOW 1.7 09/15/28LOWE'S COMPANIES, 1 7 28 DUE 09/15/28
90,000$84.1M0.08%
153
O 1.8 03/15/33REALTY INCOME COR 1 8 33 DUE 03/15/33
100,000$82.7M0.07%
154
HPQ 6 09/15/41HP INC 6 41 DUE 09/15/41
80,000$82.5M0.07%
155
PM 5.125 11/17/27PHILIP MORRIS I 5 125 27 DUE 11/17/27
80,000$81.7M0.07%
156
IL ORL 3 12/01/2046ORLAND PARK ILL 3 46DB UTX DUE 12/01/46
100,000$79.2M0.07%
157
CMDYISHRS BLMBRG RL SEL CMDTSTRG ETF
1,500$78.9M0.07%
158
IL MCHENV 1.5 12/30/2026MC HENRY CNTY ILL 1 5 26GO UTX DUE 12/30/26
80,000$78.0M0.07%
159
IL CSMFAC 5 01/01/2037CAROL STREAM ILL PK 5 37GO UTX DUE 01/01/37
75,000$75.2M0.07%
160
IL CNNFAC 3 01/01/2032CHANNAHON ILL FIRE 3 32DB UTX DUE 01/01/32
75,000$74.4M0.07%
161
GS 1 12/21/25 6389THE GOLDMAN SACHS G 1 25 DUE 12/21/25
75,000$74.4M0.07%
162
INTFISHARES INTERNATIONAL EQUITY FCT ETF
2,069$74.3M0.07%
163
IL LAKUTL 2 12/01/2031LAKE CNTY ILL WTR & 2 31WRSR UTIL DUE 12/01/31
80,000$72.1M0.06%
164
TX MONUTL 3 09/01/2032MONTGOMERY CNTY TEX 3 32GO UTX DUE 09/01/32OID
75,000$71.8M0.06%
165
IL ILSHSG 0.9 10/01/2028ILLINOIS HSG DEV 0 9 28SING HSG DUE 10/01/28XTRO
75,000$69.2M0.06%
166
VVISA INC CLASS A
200$68.3M0.06%
167
SPHDINVESCO S&P 500 HIGH DIVIDEND LOW VOLATILITY ETF
1,363$67.4M0.06%
168
TX VIRGEN 1 12/01/2029VIRIDIAN MUN MGMT D 1 29DB UTX DUE 12/01/29OID
75,000$67.2M0.06%
169
NC CHA 2 06/01/2034CHARLOTTE N C 2 34GO UTX DUE 06/01/34
75,000$66.2M0.06%
170
VIGVANGUARD DIVIDEND APPRECIATION ETF
300$64.7M0.06%
171
EEEXCELERATE ENERGY INC CLASS A
2,500$63.0M0.06%
172
TX TXSHGR 3 03/15/2034TEXAS ST UNIV SYS F 3 34PUB EDUC DUE 03/15/34
65,000$62.5M0.06%
173
BUDANHEUSER BUSCH INBEV S FSPONSORED ADR 1 ADR REPS 1 ORD SHS
1,042$62.1M0.06%
174
FFORD MTR CO DEL
5,183$62.0M0.06%
175
AAPLAPPLE INC
243$61.9M0.06%
176
TX LWCGEN 4 05/15/2040LOWER COLO RIV AUTH 4 40ELEC UTIL DUE 05/15/40OID ASSURED GUARANTY MUN
62,000$61.2M0.06%
177
TX NRTTRN 0 01/01/2028NORTH TEX TWY AUTH 0 28TOLL TRAN DUE 01/01/28OID ASSURED GUARANTY COR
65,000$60.9M0.05%
178
ACWXISHARES MSCI ACWI EX US ETF
933$60.7M0.05%
179
ACWIISHARES MSCI ACWI ETF
432$59.7M0.05%
180
PSX 1.3 02/15/26PHILLIPS 66 1 3 26 DUE 02/15/26
60,000$59.2M0.05%
181
NEMNEWMONT CORP
700$59.0M0.05%
182
GS 4.75 08/15/33 NOTzTHE GOLDMAN SACH 4 75 33 DUE 08/15/33
57,000$56.8M0.05%
183
SPLLLC 5 03/15/27SABINE PASS LIQUEFA 5 27 DUE 03/15/27
55,000$55.4M0.05%
184
WMB 5.4 03/02/26THE WILLIAMS COMP 5 4 26 DUE 03/02/26
55,000$55.2M0.05%
185
TRPCN 4.875 01/15/26TRANSCANADA PI4 875 26F DUE 01/15/26
55,000$55.2M0.05%
186
AMLPALPS ALERIAN MLP ETF
1,150$54.0M0.05%
187
MI BRAFAC 4 05/01/2032BRANCH CNTY MICH BL 4 32REV UTX DUE 05/01/32
50,000$52.1M0.05%
188
NEE 1.9 06/15/28NEXTERA ENERGY CA 1 9 28 DUE 06/15/28
55,000$51.9M0.05%
189
CEGCONSTELLATION ENERGY COR
156$51.3M0.05%
190
TX CHAGEN 4 09/01/2029CHAMBERS CNTY TEX I 4 29GO UTX DUE 09/01/29
50,000$51.2M0.05%
191
PSA 4.625 PERP LPUBLIC STORA 4 625 PFDPFD SER L
2,600$51.0M0.05%
192
AZ AZSEDU 4 11/01/2028ARIZONA INDL DEV AU 4 28CHAR EDUC DUE 11/01/28XTRO
50,000$51.0M0.05%
193
KY KYSPWR 4 08/01/2029KENTUCKY INC KY PUB 4 29OILG IDR DUE 08/01/29XTRO
50,000$51.0M0.05%
194
WA KINHSG 4 08/01/2027KING CNTY WASH HSG 4 27MULT HSG DUE 08/01/27
50,000$50.8M0.05%
195
OKE 5.55 11/01/26ONEOK, INC 5 55 26 DUE 11/01/26
50,000$50.6M0.05%
196
WI FONWTR 4 09/01/2026FOND DU LAC WIS WTR 4 26WTR UTIL DUE 09/01/26
50,000$50.6M0.05%
197
IBDZISHS IBND DEC 2034 TRM CORPRT ETF
1,900$50.3M0.05%
198
IL ILSGEN 5 12/01/2036ILLINOIS FIN AUTH R 5 36EXCISE TAX DUE 12/01/36
50,000$50.2M0.05%
199
FL SOUMED 3.25 05/01/2031SOUTH BROWARD HO 3 25 31SYST HLTH DUE 05/01/31OID XTRO
50,000$50.1M0.05%
200
TX TXSPWR 3 09/01/2030TEXAS MUN PWR AGY R 3 30PWR UTIL DUE 09/01/30
50,000$50.1M0.05%
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