ELM PARTNERS MANAGEMENT LLC

Filed: 5/13/2025ACC: 0001172661-25-001759

📋 What this filing means

ELM PARTNERS MANAGEMENT LLC filed this quarterly 13F‑HR report disclosing 66 equity positions with a total reported market value of $1.55B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

Positions

$1.55B

Total AUM (reported)

33.35M

Total Shares

Allocation by class

ELM MARKET NAVIG$267.59M17.2%

US TIPS ETF$215.25M13.9%

FTSE EMR MKT ETF$145.05M9.3%

FTSE EUROPE ETF$136.06M8.8%

TOTAL STK MKT$111.41M7.2%

0-3 MNTH TREASRY$108.00M7.0%

CORE MSCI EMKT$75.73M4.9%

Portfolio Concentration

Top 3$627.88M40.4%

4–10$612.05M39.4%

11–25$262.94M16.9%

Rest$50.22M3.2%

Top 3 weight

40.4%

Top 10 weight

79.8%

Voting Authority Distribution

Total shares with voting rights: 33.35M

Sole

Full voting authority

0.00

% of voting shares0.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

33.35M

% of voting shares100.0%

Investment Discretion (by position count)

Sole66

Shared0

Other0

Dominant voting typeNone · 100.0% of voting shares

Institutional Holdings66

Rows:

SERIES PORTFOLIOS TR

SOLE

ELM MARKET NAVIG

Shares10.87M

TypeSH

Market value$267.59M

17.23%

Sole

0.00

Shared

0.00

None

10.87M

SCHWAB STRATEGIC TR

SOLE

US TIPS ETF

Shares8M

TypeSH

Market value$215.25M

13.86%

Sole

0.00

Shared

0.00

None

VANGUARD INTL EQUITY INDEX F

SOLE

FTSE EMR MKT ETF

Shares3.20M

TypeSH

Market value$145.05M

9.34%

Sole

0.00

Shared

0.00

None

3.20M

VANGUARD INTL EQUITY INDEX F

SOLE

FTSE EUROPE ETF

Shares1.94M

TypeSH

Market value$136.06M

8.76%

Sole

0.00

Shared

0.00

None

1.94M

VANGUARD INDEX FDS

SOLE

TOTAL STK MKT

Shares405.36K

TypeSH

Market value$111.41M

7.17%

Sole

0.00

Shared

0.00

None

405.36K

ISHARES TR

SOLE

0-3 MNTH TREASRY

Shares1.07M

TypeSH

Market value$108.00M

6.95%

Sole

0.00

Shared

0.00

None

1.07M

ISHARES INC

SOLE

CORE MSCI EMKT

Shares1.40M

TypeSH

Market value$75.73M

4.88%

Sole

0.00

Shared

0.00

None

1.40M

ISHARES TR

SOLE

CORE S&P TTL STK

Shares590.79K

TypeSH

Market value$72.08M

4.64%

Sole

0.00

Shared

0.00

None

590.79K

ISHARES TR

SOLE

0-5 YR TIPS ETF

Shares556.72K

TypeSH

Market value$57.60M

3.71%

Sole

0.00

Shared

0.00

None

556.72K

VANGUARD INTL EQUITY INDEX F

SOLE

FTSE PACIFIC ETF

Shares706.05K

TypeSH

Market value$51.16M

3.29%

Sole

0.00

Shared

0.00

None

706.05K

VANGUARD BD INDEX FDS

SOLE

TOTAL BND MRKT

Shares622.34K

TypeSH

Market value$45.71M

2.94%

Sole

0.00

Shared

0.00

None

622.34K

ISHARES TR

SOLE

CORE MSCI EURO

Shares543.59K

TypeSH

Market value$32.70M

2.11%

Sole

0.00

Shared

0.00

None

543.59K

ISHARES TR

SOLE

CORE US AGGBD ET

Shares242.62K

TypeSH

Market value$24.00M

1.55%

Sole

0.00

Shared

0.00

None

242.62K

ISHARES TR

SOLE

CORE MSCI PAC

Shares381.82K

TypeSH

Market value$23.76M

1.53%

Sole

0.00

Shared

0.00

None

381.82K

J P MORGAN EXCHANGE TRADED F

SOLE

BETABUILDERS CDA

Shares274.79K

TypeSH

Market value$19.66M

1.27%

Sole

0.00

Shared

0.00

None

274.79K

VANGUARD SCOTTSDALE FDS

SOLE

SHORT TERM TREAS

Shares288.05K

TypeSH

Market value$16.91M

1.09%

Sole

0.00

Shared

0.00

None

288.05K

VANGUARD INDEX FDS

SOLE

VALUE ETF

Shares95.44K

TypeSH

Market value$16.49M

1.06%

Sole

0.00

Shared

0.00

None

95.44K

ISHARES TR

SOLE

CORE S&P500 ETF

Shares26.61K

TypeSH

Market value$14.95M

0.96%

Sole

0.00

Shared

0.00

None

26.61K

VANGUARD INDEX FDS

SOLE

S&P 500 ETF SHS

Shares22.87K

TypeSH

Market value$11.75M

0.76%

Sole

0.00

Shared

0.00

None

22.87K

SPDR INDEX SHS FDS

SOLE

PORTFOLIO EMG MK

Shares290.45K

TypeSH

Market value$11.44M

0.74%

Sole

0.00

Shared

0.00

None

290.45K

SCHWAB STRATEGIC TR

SOLE

US REIT ETF

Shares480.55K

TypeSH

Market value$10.34M

0.67%

Sole

0.00

Shared

0.00

None

480.55K

VANGUARD MUN BD FDS

SOLE

TAX EXEMPT BD

Shares204.29K

TypeSH

Market value$10.14M

0.65%

Sole

0.00

Shared

0.00

None

204.29K

VANGUARD INDEX FDS

SOLE

SMALL CP ETF

Shares39.69K

TypeSH

Market value$8.80M

0.57%

Sole

0.00

Shared

0.00

None

39.69K

SPDR SER TR

SOLE

PORTFOLIO S&P500

Shares128.77K

TypeSH

Market value$8.47M

0.55%

Sole

0.00

Shared

0.00

None

128.77K

VANGUARD INDEX FDS

SOLE

REAL ESTATE ETF

Shares86.48K

TypeSH

Market value$7.83M

0.50%

Sole

0.00

Shared

0.00

None

86.48K

Issuer	Class	Shares	Type	Value / Portfolio %	None
SERIES PORTFOLIOS TRSOLE	ELM MARKET NAVIG	10.87M	SH	$267.59M 17.23%	10.87M
SCHWAB STRATEGIC TRSOLE	US TIPS ETF	8M	SH	$215.25M 13.86%	8M
VANGUARD INTL EQUITY INDEX FSOLE	FTSE EMR MKT ETF	3.20M	SH	$145.05M 9.34%	3.20M
VANGUARD INTL EQUITY INDEX FSOLE	FTSE EUROPE ETF	1.94M	SH	$136.06M 8.76%	1.94M
VANGUARD INDEX FDSSOLE	TOTAL STK MKT	405.36K	SH	$111.41M 7.17%	405.36K
ISHARES TRSOLE	0-3 MNTH TREASRY	1.07M	SH	$108.00M 6.95%	1.07M
ISHARES INCSOLE	CORE MSCI EMKT	1.40M	SH	$75.73M 4.88%	1.40M
ISHARES TRSOLE	CORE S&P TTL STK	590.79K	SH	$72.08M 4.64%	590.79K
ISHARES TRSOLE	0-5 YR TIPS ETF	556.72K	SH	$57.60M 3.71%	556.72K
VANGUARD INTL EQUITY INDEX FSOLE	FTSE PACIFIC ETF	706.05K	SH	$51.16M 3.29%	706.05K
VANGUARD BD INDEX FDSSOLE	TOTAL BND MRKT	622.34K	SH	$45.71M 2.94%	622.34K
ISHARES TRSOLE	CORE MSCI EURO	543.59K	SH	$32.70M 2.11%	543.59K
ISHARES TRSOLE	CORE US AGGBD ET	242.62K	SH	$24.00M 1.55%	242.62K
ISHARES TRSOLE	CORE MSCI PAC	381.82K	SH	$23.76M 1.53%	381.82K
J P MORGAN EXCHANGE TRADED FSOLE	BETABUILDERS CDA	274.79K	SH	$19.66M 1.27%	274.79K
VANGUARD SCOTTSDALE FDSSOLE	SHORT TERM TREAS	288.05K	SH	$16.91M 1.09%	288.05K
VANGUARD INDEX FDSSOLE	VALUE ETF	95.44K	SH	$16.49M 1.06%	95.44K
ISHARES TRSOLE	CORE S&P500 ETF	26.61K	SH	$14.95M 0.96%	26.61K
VANGUARD INDEX FDSSOLE	S&P 500 ETF SHS	22.87K	SH	$11.75M 0.76%	22.87K
SPDR INDEX SHS FDSSOLE	PORTFOLIO EMG MK	290.45K	SH	$11.44M 0.74%	290.45K
SCHWAB STRATEGIC TRSOLE	US REIT ETF	480.55K	SH	$10.34M 0.67%	480.55K
VANGUARD MUN BD FDSSOLE	TAX EXEMPT BD	204.29K	SH	$10.14M 0.65%	204.29K
VANGUARD INDEX FDSSOLE	SMALL CP ETF	39.69K	SH	$8.80M 0.57%	39.69K
SPDR SER TRSOLE	PORTFOLIO S&P500	128.77K	SH	$8.47M 0.55%	128.77K
VANGUARD INDEX FDSSOLE	REAL ESTATE ETF	86.48K	SH	$7.83M 0.50%	86.48K

Page 1 of 3