1y return+16.6%S&P 500 +20.9%
3y return+37.0%S&P 500 +68.5%
5y return+22.6%S&P 500 +74.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2018: $168 against $299 in the S&P 500.2
Elm Partners Management LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| VTIVanguard Index Fds | $431.6M | 15.5% | +21.5% |
| VBILVanguard Instl Index Fd | $289.2M | 10.4% | +107.4% |
| VWOVanguard Intl Equity Index F | $269.7M | 9.7% | −2.5% |
| VGKVanguard Intl Equity Index F | $206.3M | 7.4% | +10.1% |
| ELMSeries Portfolios Tr | $180.7M | 6.5% | +2.7% |
| VPLVanguard Intl Equity Index F | $144.7M | 5.2% | +2.1% |
| IEMGIshares Inc | $140.2M | 5.0% | −5.5% |
| SCHPSchwab Strategic Tr | $126.9M | 4.6% | −40.6% |
| VOOVanguard Index Fds | $97.2M | 3.5% | +32.6% |
| VGSHVanguard Scottsdale Fds | $91.5M | 3.3% | +34.8% |
| IEURIshares Tr | $76.5M | 2.7% | −9.1% |
| ITOTIshares Tr | $66.8M | 2.4% | −5.7% |
| BBEUJ P Morgan Exchange Traded F | $51.1M | 1.8% | +3.8% |
| SPEMSpdr Index Shs Fds | $50.4M | 1.8% | +17.8% |
| IPACIshares Tr | $43.7M | 1.6% | +5.1% |
| SCHHSchwab Strategic Tr | $43.0M | 1.5% | +79.7% |
| BNDVanguard Bd Index Fds | $35.9M | 1.3% | −34.4% |
| VTVVanguard Index Fds | $35.8M | 1.3% | +18.0% |
| BBCAJ P Morgan Exchange Traded F | $31.5M | 1.1% | −1.1% |
| VBVanguard Index Fds | $28.6M | 1.0% | +10.3% |
| AGGIshares Tr | $23.4M | 0.8% | −14.4% |
| SPYMSpdr Series Trust | $23.0M | 0.8% | +23.7% |
| SGOVIshares Tr | $21.4M | 0.8% | −25.2% |
| NVDANvidia Corporation | $21.4M | 0.8% | −3.4% |
| VNQVanguard Index Fds | $18.5M | 0.7% | +103.7% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| VOOVanguard Index Fds | June 30, 2020 | +142.3% | $97.2M |
| IVVIshares Tr | June 30, 2020 | +141.8% | $11.4M |
| ITOTIshares Tr | June 30, 2020 | +136.6% | $66.8M |
| VTIVanguard Index Fds | June 30, 2020 | +136.4% | $431.6M |
| XLKSelect Sector Spdr Tr | September 30, 2023 | +132.4% | $5.8M |
| EWCIshares Inc | June 30, 2020 | +122.7% | $6.3M |
| VTVVanguard Index Fds | June 30, 2020 | +118.8% | $35.8M |
| IUSVIshares Tr | June 30, 2020 | +110.9% | $6.1M |
| VBVanguard Index Fds | June 30, 2020 | +108.0% | $28.6M |
| VGTVanguard World Fd | December 31, 2023 | +97.6% | $7.6M |
Sold off last quarter
- ALNYAlnylam Pharmaceuticals Inc was $646K
- XLVSelect Sector Spdr Tr was $631K
- PLDPrologis Inc. was $519K
- Dlocal LtdCUSIP G29018101 was $397K
- MELIMercadolibre Inc was $363K
- VWOBVanguard Whitehall Fds was $310K
- BSVVanguard Bd Index Fds was $262K
- GSGoldman Sachs Group Inc was $237K
- VGITVanguard Scottsdale Fds was $221K
- SLVIshares Silver Tr was $218K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +9.5% | +14.8% |
| March 31, 2026 | −0.6% | −4.6% |
| December 31, 2025 | +1.4% | +2.4% |
| September 30, 2025 | +5.6% | +7.8% |
| June 30, 2025 | +5.9% | +10.5% |
| March 31, 2025 | +0.6% | −4.6% |
| December 31, 2024 | −4.4% | +2.1% |
| September 30, 2024 | +6.2% | +5.4% |
| June 30, 2024 | +0.9% | +4.0% |
| March 31, 2024 | +4.2% | +10.0% |
| December 31, 2023 | +7.2% | +11.2% |
| September 30, 2023 | −3.8% | −3.6% |
| June 30, 2023 | +1.6% | +8.3% |
| March 31, 2023 | +3.7% | +7.0% |
| December 31, 2022 | +6.3% | +7.1% |
| September 30, 2022 | −6.3% | −5.3% |
| June 30, 2022 | −11.2% | −16.5% |
| March 31, 2022 | −5.2% | −4.9% |
| December 31, 2021 | +4.0% | +10.7% |
| September 30, 2021 | −2.5% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Elm Partners Management LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1743941&type=13F-HR&dateb=&owner=include&count=40CIK 1743941
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1743941/000117266126002875/Filed July 28, 2026 · accession 0001172661-26-002875