Elm Partners Management LLC Q2 2025 Filing

Filed August 5, 2025

Portfolio Value

$1.7T

Holdings

97

Report Date

Q2 2025

Filing Type

13F-HR

All Holdings (97 positions)

#StockSharesValue% PortfolioType
1
VTIVANGUARD INDEX FDS
844,068$256.5B14.89%
2
VWOVANGUARD INTL EQUITY INDEX F
3,764,989$186.2B10.81%
3
ELMSERIES PORTFOLIOS TR
6,247,791$161.8B9.39%
4
VGKVANGUARD INTL EQUITY INDEX F
1,837,617$142.4B8.27%
5
SGOVISHARES TR
1,260,139$126.9B7.37%
6
SCHPSCHWAB STRATEGIC TR
4,487,523$119.7B6.95%
7
IEMGISHARES INC
1,499,500$90.0B5.23%
8
VPLVANGUARD INTL EQUITY INDEX F
1,040,600$85.5B4.96%
9
IEURISHARES TR
997,863$66.1B3.84%
10
ITOTISHARES TR
382,024$51.6B3.00%
11
VOOVANGUARD INDEX FDS
86,137$48.9B2.84%
12
STIPISHARES TR
447,837$46.1B2.68%
13
IPACISHARES TR
476,862$32.8B1.90%
14
BNDVANGUARD BD INDEX FDS
433,443$31.9B1.85%
15
SPEMSPDR INDEX SHS FDS
680,445$29.1B1.69%
16
BBEUJ P MORGAN EXCHANGE TRADED F
361,113$24.4B1.41%
17
VGSHVANGUARD SCOTTSDALE FDS
370,468$21.8B1.26%
18
BBCAJ P MORGAN EXCHANGE TRADED F
261,996$21.1B1.23%
19
NVDANVIDIA CORPORATION
120,475$19.0B1.11%
20
AGGISHARES TR
189,411$18.8B1.09%
21
VTVVANGUARD INDEX FDS
63,779$11.3B0.65%
22
VTEBVANGUARD MUN BD FDS
199,552$9.8B0.57%
23
IVVISHARES TR
14,189$8.8B0.51%
24
SCHHSCHWAB STRATEGIC TR
345,732$7.3B0.42%
25
MUBISHARES TR
62,781$6.6B0.38%
26
VBVANGUARD INDEX FDS
25,656$6.1B0.35%
27
VNQVANGUARD INDEX FDS
62,123$5.5B0.32%
28
EWCISHARES INC
117,172$5.4B0.31%
29
CRWDCROWDSTRIKE HLDGS INC
9,000$4.6B0.27%
30
IUSVISHARES TR
45,739$4.3B0.25%
31
BRK-BBERKSHIRE HATHAWAY INC DEL
5$3.6B0.21%
32
SCHFSCHWAB STRATEGIC TR
152,095$3.4B0.20%
33
VGTVANGUARD WORLD FD
4,435$2.9B0.17%
34
BNBROOKFIELD CORP
46,545$2.9B0.17%
35
LLYELI LILLY & CO
3,611$2.8B0.16%
36
IBMINTERNATIONAL BUSINESS MACHS
9,460$2.8B0.16%
37
XLKSELECT SECTOR SPDR TR
10,176$2.6B0.15%
38
NFLXNETFLIX INC
1,841$2.5B0.14%
39
SPYMSPDR SERIES TRUST
33,731$2.5B0.14%
40
VRTVERTIV HOLDINGS CO
19,053$2.4B0.14%
41
VCRVANGUARD WORLD FD
6,410$2.3B0.13%
42
IJRISHARES TR
20,093$2.2B0.13%
43
SCHBSCHWAB STRATEGIC TR
89,525$2.1B0.12%
44
COHRCOHERENT CORP
19,998$1.8B0.10%
45
VOXVANGUARD WORLD FD
9,831$1.7B0.10%
46
AAPLAPPLE INC
7,354$1.5B0.09%
47
XLFSELECT SECTOR SPDR TR
24,820$1.3B0.08%
48
FLCAFRANKLIN TEMPLETON ETF TR
30,758$1.3B0.07%
49
SPYSPDR S&P 500 ETF TR
2,062$1.3B0.07%
50
VISVANGUARD WORLD FD
4,543$1.3B0.07%
51
RTXRTX CORPORATION
8,667$1.3B0.07%
52
VFHVANGUARD WORLD FD
9,231$1.2B0.07%
53
VHTVANGUARD WORLD FD
4,619$1.1B0.07%
54
VEAVANGUARD TAX-MANAGED FDS
20,012$1.1B0.07%
55
DUKDUKE ENERGY CORP NEW
9,132$1.1B0.06%
56
IVEISHARES TR
5,378$1.1B0.06%
57
XLISELECT SECTOR SPDR TR
6,748$995.5M0.06%
58
KMIKINDER MORGAN INC DEL
33,722$991.4M0.06%
59
AMDADVANCED MICRO DEVICES INC
6,701$950.9M0.06%
60
COSTCOSTCO WHSL CORP NEW
893$884.0M0.05%
61
AQLTISHARES TR
10,239$854.7M0.05%
62
BILSPDR SERIES TRUST
9,160$840.2M0.05%
63
SCHASCHWAB STRATEGIC TR
30,957$783.2M0.05%
64
DDOMINION ENERGY INC
13,069$738.7M0.04%
65
VSTVISTRA CORP
3,736$724.1M0.04%
66
XLCSELECT SECTOR SPDR TR
6,607$717.1M0.04%
67
MSFTMICROSOFT CORP
1,406$699.2M0.04%
68
CTRACOTERRA ENERGY INC
27,540$699.0M0.04%
69
OEFISHARES TR
1,989$605.4M0.04%
70
BRK/BBERKSHIRE HATHAWAY INC DEL
1,238$601.5M0.03%
71
VBRVANGUARD INDEX FDS
3,034$591.7M0.03%
72
XLVSELECT SECTOR SPDR TR
4,338$584.7M0.03%
73
TIPISHARES TR
5,310$584.3M0.03%
74
XLFISELECT SECTOR SPDR TR
5,784$468.3M0.03%
75
SRESEMPRA
6,048$458.3M0.03%
76
VOEVANGUARD INDEX FDS
2,758$453.6M0.03%
77
MKLMARKEL GROUP INC
202$403.5M0.02%
78
VCSHVANGUARD SCOTTSDALE FDS
4,707$374.2M0.02%
79
ABBVABBVIE INC
1,937$359.5M0.02%
80
TSMTAIWAN SEMICONDUCTOR MFG LTD
1,511$342.2M0.02%
81
SCHVSCHWAB STRATEGIC TR
12,099$334.8M0.02%
82
XLYSELECT SECTOR SPDR TR
1,506$327.3M0.02%
83
VXUSVANGUARD STAR FDS
4,562$315.2M0.02%
84
VDEVANGUARD WORLD FD
2,378$283.3M0.02%
85
VAWVANGUARD WORLD FD
1,444$281.3M0.02%
86
IAU*ISHARES GOLD TR
4,314$269.0M0.02%
87
XLUSELECT SECTOR SPDR TR
3,273$267.3M0.02%
88
LINLINDE PLC
551$258.5M0.02%
89
VWOBVANGUARD WHITEHALL FDS
3,944$257.7M0.01%
90
IWSISHARES TR
1,903$251.5M0.01%
91
GILDGILEAD SCIENCES INC
2,128$235.9M0.01%
92
GSGOLDMAN SACHS GROUP INC
326$230.7M0.01%
93
METAMETA PLATFORMS INC
311$229.7M0.01%
94
ETNEATON CORP PLC
623$222.4M0.01%
95
APHAMPHENOL CORP NEW
2,252$222.4M0.01%
96
AVGOBROADCOM INC
806$222.0M0.01%
97
IWDISHARES TR
1,130$219.5M0.01%