Elm Partners Management LLC Q2 2022 Filing

Filed July 18, 2022

Portfolio Value

$767.0B

Holdings

Report Date

Q2 2022

Filing Type

13F-HR

All Holdings (32 positions)

#	Stock	Shares	Value	% Portfolio
1	BILSPDR Bloomberg 1-3 Month T-Bill ETF	1,784,322	$163.2B	21.28%
2	VTIVanguard Total Stock Market ETF	422,852	$79.8B	10.40%
3	VGSHVanguard Short-Term Treasury ETF	1,320,447	$77.7B	10.13%
4	VWOVanguard FTSE Emerging Markets ETF	1,534,501	$63.9B	8.33%
5	IEMGiShares Core MSCI Emerging Markets ETF	1,164,801	$57.1B	7.45%
6	ITOTiShares Core S&P Total US Stock Market ETF	627,515	$52.6B	6.85%
7	VGKVanguard FTSE Europe ETF	898,877	$47.5B	6.19%
8	IEURiShares Core MSCI Europe ETF	771,674	$34.7B	4.52%
9	VPLVanguard FTSE Pacific ETF	430,559	$27.3B	3.56%
10	IPACiShares Core MSCI Pacific ETF	509,891	$26.5B	3.46%
11	VOOVanguard S&P 500 ETF	54,035	$18.7B	2.44%
12	BBCAJPMorgan BetaBuilders Canada ETF	295,729	$17.4B	2.26%
13	IVViShares Core S&P 500 ETF	40,365	$15.3B	2.00%
14	VNQVanguard Real Estate ETF	140,856	$12.8B	1.67%
15	SCHHSchwab U.S. REIT ETF	510,000	$10.8B	1.40%
16	VNQIVanguard Global ex-U.S. Real Estate ETF	226,101	$10.0B	1.31%
17	MUBiShares National Muni Bond ETF	79,177	$8.4B	1.10%
18	VBVanguard Small-Cap ETF	39,205	$6.9B	0.90%
19	VTVVanguard Value ETF	44,019	$5.8B	0.76%
20	HYLBXtrackers USD High Yield Corporate Bond ETF	133,173	$4.5B	0.59%
21	EWCiShares MSCI Canada ETF	132,570	$4.5B	0.58%
22	SCHBSchwab US Broad Market ETF	95,682	$4.2B	0.55%
23	SCZiShares MSCI EAFE Small-Cap ETF	69,273	$3.8B	0.49%
24	IAU*iShares Gold Trust	105,552	$3.6B	0.47%
25	IJRiShares Core S&P Small-Cap ETF	22,909	$2.1B	0.28%
26	IUSViShares Core S&P U.S. Value ETF	31,371	$2.1B	0.27%
27	SCHCSchwab International Small-Cap Equity ETF	62,277	$1.9B	0.25%
28	TIPiShares TIPS Bond ETF	10,301	$1.2B	0.15%
29	SPYSPDR S&P 500 ETF Trust	3,070	$1.2B	0.15%
30	HYGiShares iBoxx High Yield Corporate Bond ETF	8,725	$642.0M	0.08%
31	BNDVanguard Total Bond Market ETF	7,001	$527.0M	0.07%
32	IWDiShares Russell 1000 Value ETF	1,406	$204.0M	0.03%