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EPM
Elm Partners Management Portfolio holdings
AUM
$2.31B
1-Year Est. Return
16.02%
This Fund
S&P 500
This Quarter
Est. Return
+1.54%
1 Year Est. Return
+16.02%
3 Year Est. Return
+37.75%
5 Year Est. Return
+32.26%
10 Year Est. Return
–
AUM
$1.55B
AUM Growth
+$88.8M
(+6.1%)
Cap. Flow
+$66.7M
Cap. Flow
% of AUM
4.29%
Top 10 Holdings %
Top 10 Hldgs %
79.84%
Holding
78
New
10
Increased
20
Reduced
35
Closed
12
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
ELM
Elm Market Navigator ETF
ELM
|
+$270M |
| 2 |
Schwab US TIPS ETF
SCHP
|
+$112M |
| 3 |
Vanguard Total Bond Market
BND
|
+$39.1M |
| 4 |
iShares 0-5 Year TIPS Bond ETF
STIP
|
+$38.4M |
| 5 |
Vanguard FTSE Europe ETF
VGK
|
+$27.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Total Stock Market ETF
VTI
|
+$143M |
| 2 |
iShares Core S&P Total US Stock Market ETF
ITOT
|
+$73.1M |
| 3 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$51.7M |
| 4 |
iShares Core MSCI Europe ETF
IEUR
|
+$29.9M |
| 5 |
iShares Core US Aggregate Bond ETF
AGG
|
+$19.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 0.06% |
| 2 | Financials | 0.02% |
| 3 | Healthcare | 0.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ELM
1
Elm Market Navigator ETF
ELM
$576M
| $268M | 17.23% |
+10,868,814
| New | +$270M |
|
|
2
Schwab US TIPS ETF
SCHP
$16.3B
| $215M | 13.86% |
8,004,702
+4,251,187
| +113% | +$112M |
|
3
Vanguard FTSE Emerging Markets ETF
VWO
$119B
| $145M | 9.34% |
3,204,757
-275,710
| -8% | -$12.4M |
|
|
4
Vanguard FTSE Europe ETF
VGK
$30.1B
| $136M | 8.76% |
1,937,888
+396,694
| +26% | +$27.3M |
|
|
5
Vanguard Total Stock Market ETF
VTI
$655B
| $111M | 7.17% |
405,360
-491,292
| -55% | -$143M |
|
6
iShares 0-3 Month Treasury Bond ETF
SGOV
$99.3B
| $108M | 6.95% |
1,072,775
-92,200
| -8% | -$9.27M |
|
|
7
iShares Core MSCI Emerging Markets ETF
IEMG
$150B
| $75.7M | 4.88% |
1,403,275
-959,812
| -41% | -$51.7M |
|
|
8
iShares Core S&P Total US Stock Market ETF
ITOT
$93.6B
| $72.1M | 4.64% |
590,786
-567,026
| -49% | -$73.1M |
|
|
9
iShares 0-5 Year TIPS Bond ETF
STIP
$15.9B
| $57.6M | 3.71% |
556,718
+376,939
| +210% | +$38.4M |
|
10
Vanguard FTSE Pacific ETF
VPL
$8.06B
| $51.2M | 3.29% |
706,053
-40,000
| -5% | -$2.93M |
|
|
11
Vanguard Total Bond Market
BND
$158B
| $45.7M | 2.94% |
622,341
+539,455
| +651% | +$39.1M |
|
|
12
iShares Core MSCI Europe ETF
IEUR
$8.8B
| $32.7M | 2.11% |
543,591
-508,233
| -48% | -$29.9M |
|
|
13
iShares Core US Aggregate Bond ETF
AGG
$138B
| $24M | 1.55% |
242,619
-200,528
| -45% | -$19.6M |
|
14
iShares Core MSCI Pacific ETF
IPAC
$2.63B
| $23.8M | 1.53% |
381,821
-301,367
| -44% | -$18.8M |
|
15
JPMorgan BetaBuilders Canada ETF
BBCA
$10.9B
| $19.7M | 1.27% |
274,790
-133,765
| -33% | -$9.64M |
|
16
Vanguard Short-Term Treasury ETF
VGSH
$29.3B
| $16.9M | 1.09% |
288,053
+21,964
| +8% | +$1.28M |
|
17
Vanguard Value ETF
VTV
$189B
| $16.5M | 1.06% |
95,435
+4,297
| +5% | +$749K |
|
18
iShares Core S&P 500 ETF
IVV
$870B
| $15M | 0.96% |
26,609
-11,494
| -30% | -$6.79M |
|
19
Vanguard S&P 500 ETF
VOO
$969B
| $11.8M | 0.76% |
22,872
-15,156
| -40% | -$8.19M |
|
20
State Street SPDR Portfolio Emerging Markets ETF
SPEM
$17.1B
| $11.4M | 0.74% |
290,454
+22,457
| +8% | +$881K |
|
21
Schwab US REIT ETF
SCHH
$11.7B
| $10.3M | 0.67% |
480,551
-352,789
| -42% | -$7.54M |
|
22
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.2B
| $10.1M | 0.65% |
204,295
-25,276
| -11% | -$1.26M |
|
23
Vanguard Small-Cap ETF
VB
$80B
| $8.8M | 0.57% |
39,685
-65,536
| -62% | -$15.7M |
|
|
SPYM
24
State Street SPDR Portfolio S&P 500 ETF
SPYM
$159B
| $8.47M | 0.55% |
+128,766
| New | +$8.91M |
|
25
Vanguard Real Estate ETF
VNQ
$39.9B
| $7.83M | 0.5% |
86,477
-56,885
| -40% | -$5.16M |
|
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Elm Partners Management's Q1 2025 Portfolio in Review
As of Q1 2025, Elm Partners Management held 78 positions worth $1.55B, up 6.1% from $1.46B the previous quarter. Its ten largest holdings account for 80% of the portfolio.
Elm Partners Management deployed $66.7M of net new capital in Q1 2025, opening 10 new positions and adding to 20 existing holdings. Its largest new stake was Elm Market Navigator ETF: 10,868,814 shares worth $268M.
By sector, the portfolio is most concentrated in Technology at 0.06% of assets, up from 0.02% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was Vanguard Total Stock Market ETF, an estimated $143M trimmed.
- Elm Partners Management's largest Q1 2025 buy was Elm Market Navigator ETF: 10,868,814 shares worth $268M.
- Elm Partners Management added most to Schwab US TIPS ETF in Q1 2025, an estimated $112M increase.
- Elm Partners Management's biggest Q1 2025 reduction was Vanguard Total Stock Market ETF, cutting an estimated $143M.
- Elm Partners Management fully exited Vanguard FTSE All-World ex-US ETF in Q1 2025, selling an estimated $3.21M.
- Elm Partners Management's ten largest holdings make up 80% of its $1.55B portfolio in Q1 2025.
- Elm Partners Management opened 10 new positions and closed 12 in Q1 2025.
- Elm Partners Management's portfolio value rose 6.1% quarter-over-quarter to $1.55B.
Based on Elm Partners Management's 13F filing for Q1 2025, filed 13 May 2025.