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Portfolio (Quarterly) Guide ↗

Elm Partners Management LLC

· CIK 0001743941
13F Portfolio $2.2B AUM Filed Feb 10, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 154 New
Page 5 of 8  ·  154 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
81 MKL MARKEL GROUP INC Financial Services 349.0 $750K 0.03% NEW $2149.65 -13.6%
82 VBR VANGUARD INDEX FDS 3,471.0 $735K 0.03% NEW $211.81 +9.8%
83 IUSG ISHARES TR 4,148.0 $697K 0.03% NEW $167.93 +11.1%
84 IWM ISHARES TR 2,772.0 $682K 0.03% NEW $246.16 +15.8%
85 OEF ISHARES TR 1,989.0 $682K 0.03% NEW $342.97 +8.2%
86 XOM EXXON MOBIL CORP Energy 5,644.0 $679K 0.03% NEW $120.33 +28.7%
87 VEU VANGUARD INTL EQUITY INDEX F 9,162.0 $674K 0.03% NEW $73.56 +12.1%
88 VOE VANGUARD INDEX FDS 3,584.0 $636K 0.03% NEW $177.38 +9.6%
89 BIL SPDR SERIES TRUST 6,683.0 $611K 0.03% NEW $91.38 +0.2%
90 ORCL ORACLE CORP Technology 2,892.0 $564K 0.03% NEW $194.93 -1.5%
91 TIP ISHARES TR 5,116.0 $562K 0.03% NEW $109.91 +0.4%
92 BAC BANK AMERICA CORP Financial Services 10,162.0 $559K 0.03% NEW $55.00 -5.8%
93 SRE SEMPRA Utilities 6,153.0 $543K 0.03% NEW $88.29 +5.1%
94 IVW ISHARES TR 4,406.0 $543K 0.03% NEW $123.26 +10.8%
95 SCHV SCHWAB STRATEGIC TR 17,881.0 $529K 0.02% NEW $29.61 +12.5%
96 PLD PROLOGIS INC. Real Estate 4,028.0 $514K 0.02% NEW $127.66 +14.3%
97 TSM TAIWAN SEMICONDUCTOR MFG LTD Technology 1,614.0 $490K 0.02% NEW $303.89 +33.1%
98 IAU ISHARES GOLD TR Financial Services 5,914.0 $480K 0.02% NEW $81.17 +4.5%
99 V VISA INC Financial Services 1,307.0 $458K 0.02% NEW $350.76 -6.2%
100 DLO DLOCAL LTD Technology 32,000.0 $452K 0.02% NEW $14.14 -14.7%
Page 5 of 8  ·  154 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 51.6%
Financial Services 15.6%
Healthcare 8.7%
Industrials 6.8%
Communication Services 6.6%
Utilities 3.4%
Consumer Cyclical 3.0%
Consumer Defensive 2.3%
Energy 1.1%
Real Estate 0.6%