Elm Partners Management LLC Q3 2021 Filing

Filed October 14, 2021

Portfolio Value

$729.0B

Holdings

Report Date

Q3 2021

Filing Type

13F-HR

All Holdings (34 positions)

#	Stock	Shares	Value	% Portfolio
1	VTIVANGUARD TOTAL STOCK MKT ETF	624,527	$138.7B	19.02%
2	VGKVANGUARD FTSE EUROPE ETF	1,292,566	$84.8B	11.63%
3	VWOVANGUARD FTSE EMERGING MARKE	1,610,780	$80.6B	11.05%
4	ITOTISHARES CORE S&P TOTAL U.S.	662,033	$65.1B	8.93%
5	IEMGISHARES CORE MSCI EMERGING	1,035,673	$64.0B	8.77%
6	IEURISHARES CORE MSCI EUROPE	721,755	$40.5B	5.55%
7	VPLVANGUARD FTSE PACIFIC ETF	477,585	$38.7B	5.31%
8	VNQVANGUARD REAL ESTATE ETF	313,148	$31.9B	4.37%
9	IPACISHARES CORE MSCI PACIFIC ET	410,496	$27.5B	3.77%
10	VOOVANGUARD S&P 500 ETF	65,647	$25.9B	3.55%
11	IVVISHARES CORE S&P 500 ETF	42,994	$18.5B	2.54%
12	VBVANGUARD SMALL-CAP ETF	77,510	$16.9B	2.32%
13	BILSPDR BBG BARC 1-3 MONTH TBIL	147,343	$13.5B	1.85%
14	VTVVANGUARD VALUE ETF	90,652	$12.3B	1.68%
15	SCHHSCHWAB US REIT ETF	255,000	$11.6B	1.60%
16	VNQIVANGUARD GLBL EX-US REAL EST	192,077	$10.8B	1.48%
17	HYLBXTRACKERS USD HIGH YIELD COR	200,226	$8.0B	1.10%
18	TIPISHARES TIPS BOND ETF	46,006	$5.9B	0.81%
19	SCZISHARES MSCI EAFE SMALL-CAP	69,611	$5.2B	0.71%
20	VGSHVANGUARD SHORT-TERM TREASURY	72,170	$4.4B	0.61%
21	EWCISHARES MSCI CANADA ETF	111,911	$4.1B	0.56%
22	IUSVISHARES CORE S&P U.S. VALUE	53,676	$3.8B	0.52%
23	IJRISHARES CORE S&P SMALL-CAP E	27,673	$3.0B	0.41%
24	IAU*ISHARES GOLD TRUST	87,161	$2.9B	0.40%
25	SCHCSCHWAB INTL SMALL-CAP EQUITY	62,277	$2.6B	0.35%
26	HYGISHARES IBOXX HIGH YLD CORP	19,924	$1.7B	0.24%
27	MUBISHARES NATIONAL MUNI BOND E	14,551	$1.7B	0.23%
28	VTEBVANGUARD TAX-EXEMPT BOND ETF	20,085	$1.1B	0.15%
29	VGITVANGUARD INTERMEDIATE-TERM T	14,500	$979.0M	0.13%
30	SCHBSCHWAB US BROAD MARKET ETF	6,852	$712.0M	0.10%
31	SPYSPDR S&P 500 ETF TRUST	1,554	$667.0M	0.09%
32	BNDVANGUARD TOTAL BOND MARKET	5,529	$472.0M	0.06%
33	IWDISHARES RUSSELL 1000 VALUE E	1,800	$282.0M	0.04%
34	VSSVANGUARD FTSE ALL WO X-US SC	1,873	$250.0M	0.03%