Elm Partners Management LLC

Q4 2025 13F-HR/A Holdings

Location
Philadelphia, PA
Holdings as of
12/31/2025
Date filed
10/7/2026
Form type
13F-HR/A - RESTATEMENT
Num holdings
154
Total value ($000)
$2,701,729
Net value change ($000)
+227,314 (9.2%)
New positions
13
Sold out positions
5
Turnover %
1.1%
Sector allocation + QoQ delta (equities-only)
Prev filing: 10/7/2026 Next filing: 5/13/2026 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)
BND 49,214 87.5%
SCHP 48,442 21.1%
VGK 32,582 21.0%
VTI 31,691 7.7%
VGSH 28,599 57.9%
VWO 27,551 8.7%
VBIL 21,691 NEW
VOO 20,034 36.1%
VTEB 16,012 237.2%
AGG 12,403 41.9%
Top Reduces (Value $000, Stocks/ETFs)
SGOV -52,965 -52.4%
ELM -42,761 -25.9%
SCHB -4,351 -30.8%
NVDA -4,182 -16.9%
iSHARES TRUST -3,566 -3.4%
IWF -2,877 -78.2%
STIP -1,990 -4.3%
SCHH -1,703 -9.9%
NFLX -1,223 -57.2%
AAPL -919 -14.6%
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