Elm Partners Management LLC

Q3 2025 13F-HR Holdings

Location
Philadelphia, PA
Holdings as of
9/30/2025
Date filed
11/4/2025
Form type
13F-HR
Num holdings
149
Total value ($000)
$2,001,596
Net value change ($000)
+279,209 (16.2%)
New positions
52
Sold out positions
3
Turnover %
1.7%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/5/2025 Next filing: 2/10/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
VTI 52,345 20.4%
VWO 35,952 19.3%
SCHP 28,678 24.0%
VGSH 27,660 127.0%
VB 13,502 222.1%
VPL 13,318 15.6%
BND 10,500 32.9%
BBEU 10,499 43.1%
VTV 10,164 90.2%
IEMG 8,942 9.9%
Top Reduces (Value $000, Stocks/ETFs)
SGOV -45,798 -36.1%
VTEB -3,033 -31.0%
MUB -1,218 -18.6%
KMI -991 -100.0%
BN -751 -26.1%
CTRA -699 -100.0%
AGG -553 -2.9%
XLP -468 -100.0%
NFLX -328 -13.3%
TIP -232 -39.7%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 10,507 (0.5% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type