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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
+5.95%
1 Year Est. Return
+16.02%
3 Year Est. Return
+37.75%
5 Year Est. Return
+32.26%
10 Year Est. Return
–
AUM
$2B
AUM Growth
+$279M
Cap. Flow
+$176M
Cap. Flow %
8.77%
Top 10 Hldgs %
70.21%
Holding
152
New
55
Increased
73
Reduced
15
Closed
3

Top Buys

Rank Stock Value
1
VTI icon
Vanguard Total Stock Market ETF
VTI
+$30.7M
2
VGSH icon
Vanguard Short-Term Treasury ETF
VGSH
+$27.5M
3
SCHP icon
Schwab US TIPS ETF
SCHP
+$27.3M
4
VWO icon
Vanguard FTSE Emerging Markets ETF
VWO
+$17.3M
5
VB icon
Vanguard Small-Cap ETF
VB
+$12.7M

Top Sells

Rank Stock Value
1
SGOV icon
iShares 0-3 Month Treasury Bond ETF
SGOV
+$45.7M
2
ELM
Elm Market Navigator ETF
ELM
+$5.27M
3
VTEB icon
Vanguard Tax-Exempt Bond Index Fund
VTEB
+$3.18M
4
MUB icon
iShares National Muni Bond ETF
MUB
+$1.32M
5
KMI icon
Kinder Morgan
KMI
+$991K

Sector Composition

Rank Sector Weight
1 Technology 2.42%
2 Financials 0.57%
3 Industrials 0.29%
4 Healthcare 0.26%
5 Communication Services 0.26%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VTI icon
1
Vanguard Total Stock Market ETF
VTI
$660B
$309M 15.43%
941,228
+97,160
+12% +$30.7M
VWO icon
2
Vanguard FTSE Emerging Markets ETF
VWO
$120B
$222M 11.1%
4,100,547
+335,558
+9% +$17.3M
ELM
3
Elm Market Navigator ETF
ELM
$575M
$165M 8.26%
6,048,885
-198,906
-3% -$5.27M
VGK icon
4
Vanguard FTSE Europe ETF
VGK
$29.9B
$151M 7.54%
1,890,674
+53,057
+3% +$4.15M
SCHP icon
5
Schwab US TIPS ETF
SCHP
$16.4B
$148M 7.41%
5,506,675
+1,019,152
+23% +$27.3M
IEMG icon
6
iShares Core MSCI Emerging Markets ETF
IEMG
$150B
$99M 4.94%
1,501,164
+1,664
+0.1% +$104K
VPL icon
7
Vanguard FTSE Pacific ETF
VPL
$8.06B
$98.8M 4.94%
1,125,155
+84,555
+8% +$7.2M
SGOV icon
8
iShares 0-3 Month Treasury Bond ETF
SGOV
$98.5B
$81.1M 4.05%
805,218
-454,921
-36% -$45.7M
IEUR icon
9
iShares Core MSCI Europe ETF
IEUR
$8.64B
$71.1M 3.55%
1,044,161
+46,298
+5% +$3.09M
ITOT icon
10
iShares Core S&P Total US Stock Market ETF
ITOT
$94.1B
$59.8M 2.99%
410,381
+28,357
+7% +$3.98M
VOO icon
11
Vanguard S&P 500 ETF
VOO
$977B
$55.5M 2.77%
90,620
+4,483
+5% +$2.64M
VGSH icon
12
Vanguard Short-Term Treasury ETF
VGSH
$29.3B
$49.4M 2.47%
840,034
+469,566
+127% +$27.5M
STIP icon
13
iShares 0-5 Year TIPS Bond ETF
STIP
$15.8B
$45.9M 2.29%
443,839
-3,998
-0.9% -$412K
BND icon
14
Vanguard Total Bond Market
BND
$158B
$42.4M 2.12%
570,315
+136,872
+32% +$10.1M
BBEU icon
15
JPMorgan BetaBuilders Europe ETF
BBEU
$9.11B
$34.9M 1.74%
500,790
+139,677
+39% +$9.51M
IPAC icon
16
iShares Core MSCI Pacific ETF
IPAC
$2.6B
$34.8M 1.74%
473,347
-3,515
-0.7% -$250K
SPEM icon
17
State Street SPDR Portfolio Emerging Markets ETF
SPEM
$17.1B
$33.2M 1.66%
709,547
+29,102
+4% +$1.29M
NVDA icon
18
NVIDIA
NVDA
$4.96T
$24.7M 1.24%
132,503
+12,028
+10% +$2.1M
BBCA icon
19
JPMorgan BetaBuilders Canada ETF
BBCA
$10.7B
$24.1M 1.2%
275,880
+13,884
+5% +$1.16M
VTV icon
20
Vanguard Value ETF
VTV
$186B
$21.4M 1.07%
114,943
+51,164
+80% +$9.26M
VB icon
21
Vanguard Small-Cap ETF
VB
$79.8B
$19.6M 0.98%
77,009
+51,353
+200% +$12.7M
AGG icon
22
iShares Core US Aggregate Bond ETF
AGG
$138B
$18.2M 0.91%
181,911
-7,500
-4% -$744K
SCHH icon
23
Schwab US REIT ETF
SCHH
$11.5B
$12.2M 0.61%
564,041
+218,309
+63% +$4.66M
IVV icon
24
iShares Core S&P 500 ETF
IVV
$884B
$9.84M 0.49%
14,700
+511
+4% +$329K
VTEB icon
25
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.6B
$6.75M 0.34%
134,823
-64,729
-32% -$3.18M
1
2 3 4 5

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Elm Partners Management's Q3 2025 Portfolio in Review

As of Q3 2025, Elm Partners Management held 152 positions worth $2B, up 16% from $1.72B the previous quarter. Its ten largest holdings account for 70% of the portfolio.

Elm Partners Management deployed $176M of net new capital in Q3 2025, opening 55 new positions and adding to 73 existing holdings. Its largest new stake was Dimensional US Equity ETF: 70,637 shares worth $5.12M.

By sector, the portfolio is most concentrated in Technology at 2.4% of assets, up from 1.9% a quarter earlier, followed by Financials and Industrials.

On the sell side, the largest reduction was iShares 0-3 Month Treasury Bond ETF, an estimated $45.7M trimmed.

  • Elm Partners Management's largest Q3 2025 buy was Dimensional US Equity ETF: 70,637 shares worth $5.12M.
  • Elm Partners Management added most to Vanguard Total Stock Market ETF in Q3 2025, an estimated $30.7M increase.
  • Elm Partners Management's biggest Q3 2025 reduction was iShares 0-3 Month Treasury Bond ETF, cutting an estimated $45.7M.
  • Elm Partners Management fully exited Kinder Morgan in Q3 2025, selling an estimated $991K.
  • Elm Partners Management's ten largest holdings make up 70% of its $2B portfolio in Q3 2025.
  • Elm Partners Management opened 55 new positions and closed 3 in Q3 2025.
  • Elm Partners Management's portfolio value rose 16% quarter-over-quarter to $2B.

Based on Elm Partners Management's 13F filing for Q3 2025, filed 4 Nov 2025.