ELM PARTNERS MANAGEMENT LLC

Filed: 11/4/2025ACC: 0001172661-25-004578

📋 What this filing means

ELM PARTNERS MANAGEMENT LLC filed this quarterly 13F‑HR report disclosing 147 equity positions with a total reported market value of $2.00B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

147

Positions

$2.00B

Total AUM (reported)

29.96M

Total Shares

Allocation by class

TOTAL STK MKT$308.88M15.4%

FTSE EMR MKT ETF$222.17M11.1%

ELM MARKET NAVIG$165.29M8.3%

FTSE EUROPE ETF$150.88M7.5%

US TIPS ETF$148.40M7.4%

CORE MSCI EMKT$98.96M4.9%

FTSE PACIFIC ETF$98.83M4.9%

Portfolio Concentration

Top 3$696.34M34.8%

4–10$709.06M35.4%

11–25$432.85M21.6%

Rest$163.35M8.2%

Top 3 weight

34.8%

Top 10 weight

70.2%

Voting Authority Distribution

Total shares with voting rights: 29.96M

Sole

Full voting authority

0.00

% of voting shares0.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

29.96M

% of voting shares100.0%

Investment Discretion (by position count)

Sole147

Shared0

Other0

Dominant voting typeNone · 100.0% of voting shares

Institutional Holdings147

Rows:

VANGUARD INDEX FDS

SOLE

TOTAL STK MKT

Shares941.23K

TypeSH

Market value$308.88M

15.43%

Sole

0.00

Shared

0.00

None

941.23K

VANGUARD INTL EQUITY INDEX F

SOLE

FTSE EMR MKT ETF

Shares4.10M

TypeSH

Market value$222.17M

11.10%

Sole

0.00

Shared

0.00

None

4.10M

SERIES PORTFOLIOS TR

SOLE

ELM MARKET NAVIG

Shares6.05M

TypeSH

Market value$165.29M

8.26%

Sole

0.00

Shared

0.00

None

6.05M

VANGUARD INTL EQUITY INDEX F

SOLE

FTSE EUROPE ETF

Shares1.89M

TypeSH

Market value$150.88M

7.54%

Sole

0.00

Shared

0.00

None

1.89M

SCHWAB STRATEGIC TR

SOLE

US TIPS ETF

Shares5.51M

TypeSH

Market value$148.40M

7.41%

Sole

0.00

Shared

0.00

None

5.51M

ISHARES INC

SOLE

CORE MSCI EMKT

Shares1.50M

TypeSH

Market value$98.96M

4.94%

Sole

0.00

Shared

0.00

None

1.50M

VANGUARD INTL EQUITY INDEX F

SOLE

FTSE PACIFIC ETF

Shares1.13M

TypeSH

Market value$98.83M

4.94%

Sole

0.00

Shared

0.00

None

1.13M

ISHARES TR

SOLE

0-3 MNTH TREASRY

Shares805.22K

TypeSH

Market value$81.09M

4.05%

Sole

0.00

Shared

0.00

None

805.22K

ISHARES TR

SOLE

CORE MSCI EURO

Shares1.04M

TypeSH

Market value$71.13M

3.55%

Sole

0.00

Shared

0.00

None

1.04M

ISHARES TR

SOLE

CORE S&P TTL STK

Shares410.38K

TypeSH

Market value$59.77M

2.99%

Sole

0.00

Shared

0.00

None

410.38K

VANGUARD INDEX FDS

SOLE

S&P 500 ETF SHS

Shares90.62K

TypeSH

Market value$55.49M

2.77%

Sole

0.00

Shared

0.00

None

90.62K

VANGUARD SCOTTSDALE FDS

SOLE

SHORT TERM TREAS

Shares840.03K

TypeSH

Market value$49.44M

2.47%

Sole

0.00

Shared

0.00

None

840.03K

ISHARES TR

SOLE

0-5 YR TIPS ETF

Shares443.84K

TypeSH

Market value$45.88M

2.29%

Sole

0.00

Shared

0.00

None

443.84K

VANGUARD BD INDEX FDS

SOLE

TOTAL BND MRKT

Shares570.32K

TypeSH

Market value$42.41M

2.12%

Sole

0.00

Shared

0.00

None

570.32K

J P MORGAN EXCHANGE TRADED F

SOLE

BETABUILDERS EUR

Shares500.79K

TypeSH

Market value$34.86M

1.74%

Sole

0.00

Shared

0.00

None

500.79K

ISHARES TR

SOLE

CORE MSCI PAC

Shares473.35K

TypeSH

Market value$34.76M

1.74%

Sole

0.00

Shared

0.00

None

473.35K

SPDR INDEX SHS FDS

SOLE

PORTFOLIO EMG MK

Shares709.55K

TypeSH

Market value$33.21M

1.66%

Sole

0.00

Shared

0.00

None

709.55K

NVIDIA CORPORATION

SOLE

COM

Shares132.50K

TypeSH

Market value$24.72M

1.24%

Sole

0.00

Shared

0.00

None

132.50K

J P MORGAN EXCHANGE TRADED F

SOLE

BETABUILDERS CDA

Shares275.88K

TypeSH

Market value$24.07M

1.20%

Sole

0.00

Shared

0.00

None

275.88K

VANGUARD INDEX FDS

SOLE

VALUE ETF

Shares114.94K

TypeSH

Market value$21.44M

1.07%

Sole

0.00

Shared

0.00

None

114.94K

VANGUARD INDEX FDS

SOLE

SMALL CP ETF

Shares77.01K

TypeSH

Market value$19.58M

0.98%

Sole

0.00

Shared

0.00

None

77.01K

ISHARES TR

SOLE

CORE US AGGBD ET

Shares181.91K

TypeSH

Market value$18.24M

0.91%

Sole

0.00

Shared

0.00

None

181.91K

SCHWAB STRATEGIC TR

SOLE

US REIT ETF

Shares564.04K

TypeSH

Market value$12.17M

0.61%

Sole

0.00

Shared

0.00

None

564.04K

ISHARES TR

SOLE

CORE S&P500 ETF

Shares14.70K

TypeSH

Market value$9.84M

0.49%

Sole

0.00

Shared

0.00

None

14.70K

VANGUARD MUN BD FDS

SOLE

TAX EXEMPT BD

Shares134.82K

TypeSH

Market value$6.75M

0.34%

Sole

0.00

Shared

0.00

None

134.82K

Issuer	Class	Shares	Type	Value / Portfolio %	None
VANGUARD INDEX FDSSOLE	TOTAL STK MKT	941.23K	SH	$308.88M 15.43%	941.23K
VANGUARD INTL EQUITY INDEX FSOLE	FTSE EMR MKT ETF	4.10M	SH	$222.17M 11.10%	4.10M
SERIES PORTFOLIOS TRSOLE	ELM MARKET NAVIG	6.05M	SH	$165.29M 8.26%	6.05M
VANGUARD INTL EQUITY INDEX FSOLE	FTSE EUROPE ETF	1.89M	SH	$150.88M 7.54%	1.89M
SCHWAB STRATEGIC TRSOLE	US TIPS ETF	5.51M	SH	$148.40M 7.41%	5.51M
ISHARES INCSOLE	CORE MSCI EMKT	1.50M	SH	$98.96M 4.94%	1.50M
VANGUARD INTL EQUITY INDEX FSOLE	FTSE PACIFIC ETF	1.13M	SH	$98.83M 4.94%	1.13M
ISHARES TRSOLE	0-3 MNTH TREASRY	805.22K	SH	$81.09M 4.05%	805.22K
ISHARES TRSOLE	CORE MSCI EURO	1.04M	SH	$71.13M 3.55%	1.04M
ISHARES TRSOLE	CORE S&P TTL STK	410.38K	SH	$59.77M 2.99%	410.38K
VANGUARD INDEX FDSSOLE	S&P 500 ETF SHS	90.62K	SH	$55.49M 2.77%	90.62K
VANGUARD SCOTTSDALE FDSSOLE	SHORT TERM TREAS	840.03K	SH	$49.44M 2.47%	840.03K
ISHARES TRSOLE	0-5 YR TIPS ETF	443.84K	SH	$45.88M 2.29%	443.84K
VANGUARD BD INDEX FDSSOLE	TOTAL BND MRKT	570.32K	SH	$42.41M 2.12%	570.32K
J P MORGAN EXCHANGE TRADED FSOLE	BETABUILDERS EUR	500.79K	SH	$34.86M 1.74%	500.79K
ISHARES TRSOLE	CORE MSCI PAC	473.35K	SH	$34.76M 1.74%	473.35K
SPDR INDEX SHS FDSSOLE	PORTFOLIO EMG MK	709.55K	SH	$33.21M 1.66%	709.55K
NVIDIA CORPORATIONSOLE	COM	132.50K	SH	$24.72M 1.24%	132.50K
J P MORGAN EXCHANGE TRADED FSOLE	BETABUILDERS CDA	275.88K	SH	$24.07M 1.20%	275.88K
VANGUARD INDEX FDSSOLE	VALUE ETF	114.94K	SH	$21.44M 1.07%	114.94K
VANGUARD INDEX FDSSOLE	SMALL CP ETF	77.01K	SH	$19.58M 0.98%	77.01K
ISHARES TRSOLE	CORE US AGGBD ET	181.91K	SH	$18.24M 0.91%	181.91K
SCHWAB STRATEGIC TRSOLE	US REIT ETF	564.04K	SH	$12.17M 0.61%	564.04K
ISHARES TRSOLE	CORE S&P500 ETF	14.70K	SH	$9.84M 0.49%	14.70K
VANGUARD MUN BD FDSSOLE	TAX EXEMPT BD	134.82K	SH	$6.75M 0.34%	134.82K

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