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EPM
Elm Partners Management Portfolio holdings
AUM
$2.79B
1-Year Est. Return
18.53%
This Fund
S&P 500
This Quarter
Est. Return
+1.55%
1 Year Est. Return
+18.53%
3 Year Est. Return
+48.03%
5 Year Est. Return
+38.03%
10 Year Est. Return
–
AUM
$2.2B
AUM Growth
+$202M
(+10%)
Cap. Flow
+$172M
Cap. Flow
% of AUM
7.82%
Top 10 Holdings %
Top 10 Hldgs %
68.61%
Holding
162
New
13
Increased
79
Reduced
34
Closed
8
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Schwab US TIPS ETF
SCHP
|
+$42M |
| 2 |
Vanguard Total Bond Market
BND
|
+$31.4M |
| 3 |
Vanguard Short-Term Treasury ETF
VGSH
|
+$28.7M |
| 4 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$28.5M |
| 5 |
Vanguard FTSE Europe ETF
VGK
|
+$24.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ELM
Elm Market Navigator ETF
ELM
|
+$42.8M |
| 2 |
iShares 0-3 Month Treasury Bond ETF
SGOV
|
+$32.8M |
| 3 |
iShares Core MSCI Europe ETF
IEUR
|
+$5.74M |
| 4 |
NVIDIA
NVDA
|
+$4.16M |
| 5 |
iShares Russell 1000 Growth ETF
IWF
|
+$2.92M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.12% |
| 2 | Financials | 0.61% |
| 3 | Healthcare | 0.36% |
| 4 | Industrials | 0.28% |
| 5 | Communication Services | 0.27% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
iShares S&P Mid-Cap 400 Value ETF
IJJ
$8.83B
| $217K | 0.01% |
1,645
+10
| +0.6% | +$1.3K |
|
152
Tesla
TSLA
$1.23T
| $207K | 0.01% |
461
-1,208
| -72% | -$535K |
|
153
Global X Uranium ETF
URA
$5.42B
| $200K | 0.01% |
4,687
| – | – |
|
154
Banco Santander
SAN
$202B
| $197K | 0.01% |
16,760
| – | – |
|
155
CALL
Advanced Micro Devices
AMD
$776B
| – | – |
-17,500
| Closed | -$2.83M |
|
156
Vanguard Total International Bond ETF
BNDX
$81.9B
| – | – |
-7,187
| Closed | -$355K |
|
157
CALL
Coherent
COHR
$51.4B
| – | – |
-20,000
| Closed | -$2.15M |
|
158
eBay
EBAY
$50.6B
| – | – |
-2,246
| Closed | -$204K |
|
159
CALL
Micron Technology
MU
$930B
| – | – |
-33,000
| Closed | -$5.52M |
|
160
iShares ESG Aware 1-5 Year USD Corporate Bond ETF
SUSB
$1.3B
| – | – |
-10,819
| Closed | -$274K |
|
161
Vanguard Energy ETF
VDE
$10.1B
| – | – |
-2,535
| Closed | -$319K |
|
162
State Street Health Care Select Sector SPDR ETF
XLV
$41.9B
| – | – |
-4,446
| Closed | -$619K |
|
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Elm Partners Management's Q4 2025 Portfolio in Review
As of Q4 2025, Elm Partners Management held 162 positions worth $2.2B, up 10% from $2B the previous quarter. Its ten largest holdings account for 69% of the portfolio.
Elm Partners Management deployed $172M of net new capital in Q4 2025, opening 13 new positions and adding to 79 existing holdings. Its largest new stake was Vanguard 0-3 Month Treasury Bill ETF: 108,898 shares worth $8.21M.
By sector, the portfolio is most concentrated in Technology at 2.1% of assets, down from 2.4% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was Elm Market Navigator ETF, an estimated $42.8M trimmed.
- Elm Partners Management's largest Q4 2025 buy was Vanguard 0-3 Month Treasury Bill ETF: 108,898 shares worth $8.21M.
- Elm Partners Management added most to Schwab US TIPS ETF in Q4 2025, an estimated $42M increase.
- Elm Partners Management's biggest Q4 2025 reduction was Elm Market Navigator ETF, cutting an estimated $42.8M.
- Elm Partners Management fully exited State Street Health Care Select Sector SPDR ETF in Q4 2025, selling an estimated $619K.
- Elm Partners Management's ten largest holdings make up 69% of its $2.2B portfolio in Q4 2025.
- Elm Partners Management opened 13 new positions and closed 8 in Q4 2025.
- Elm Partners Management's portfolio value rose 10% quarter-over-quarter to $2.2B.
Based on Elm Partners Management's 13F filing for Q4 2025, filed 10 Feb 2026.