Elm Partners Management LLC

Q4 2025 13F-HR Holdings

Location
Philadelphia, PA
Holdings as of
12/31/2025
Date filed
2/10/2026
Form type
13F-HR
Num holdings
154
Total value ($000)
$2,204,020
Net value change ($000)
+202,424 (10.1%)
New positions
13
Sold out positions
5
Turnover %
0.7%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/4/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 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)
SCHP 38,943 26.2%
VGK 32,742 21.7%
BND 31,061 73.2%
VGSH 28,599 57.9%
VWO 26,509 11.9%
VTI 25,052 8.1%
VOO 20,034 36.1%
VTEB 16,012 237.2%
AGG 10,900 59.8%
VPL 10,354 10.5%
Top Reduces (Value $000, Stocks/ETFs)
ELM -42,761 -25.9%
SGOV -32,995 -40.7%
NVDA -4,182 -16.9%
iSHARES TRUST -2,895 -4.1%
IWF -2,877 -78.2%
STIP -1,990 -4.3%
NFLX -1,223 -57.2%
AAPL -919 -14.6%
XLV -619 -100.0%
AMZN -576 -36.2%
Instrument mix + QoQ Δ (ex-options)
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