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Portfolio (Quarterly) Guide ↗

Elm Partners Management LLC

· CIK 0001743941
13F Portfolio $2.3B AUM 158 positions Filed May 13, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 11 New 68 Added 33 Reduced 7 Exited
Page 6 of 8  ·  158 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
101 ETN EATON CORP PLC Industrials 1,333.0 $458K 0.02% $343.53 +13.9%
102 VLO VALERO ENERGY CORP Energy 1,820.0 $455K 0.02% +131.0 +7.8% $250.27 -1.3%
103 PG PROCTER & GAMBLE CO Consumer Defensive 3,065.0 $444K 0.02% +155.0 +5.3% $144.72 -0.2%
104 BIL SPDR SERIES TRUST 4,709.0 $432K 0.02% -2K -29.5% $91.64 -0.1%
105 VST VISTRA CORP Utilities 2,895.0 $427K 0.02% +94.0 +3.4% $147.56 +5.9%
106 ASML ASML HLDG NV Technology 341.0 $427K 0.02% $1251.00 +30.5%
107 ORLY OREILLY AUTOMOTIVE INC Consumer Cyclical 4,605.0 $424K 0.02% $92.11 -0.4%
108 IWN ISHARES TR 2,276.0 $421K 0.02% $184.82 +14.3%
109 ORCL ORACLE CORP Technology 2,890.0 $401K 0.02% $138.82 +38.4%
110 DLO DLOCAL LTD Technology 32,000.0 $397K 0.02% $12.40 -2.7%
111 MA MASTERCARD INCORPORATED Financial Services 791.0 $391K 0.02% +171.0 +27.6% $494.22 +0.9%
112 V VISA INC Financial Services 1,265.0 $379K 0.02% -42.0 -3.2% $299.58 +9.8%
113 IWO ISHARES TR 1,245.0 $375K 0.02% +477.0 +62.1% $301.02 +23.7%
114 IWD ISHARES TR 1,785.0 $374K 0.02% $209.46 +12.8%
115 MRK MERCK & CO INC Healthcare 3,108.0 $367K 0.02% $118.10 +3.6%
116 MELI MERCADOLIBRE INC Consumer Cyclical 224.0 $363K 0.02% $1619.20 +2.8%
117 LMT LOCKHEED MARTIN CORP Industrials 599.0 $359K 0.02% $598.57 -10.9%
118 NFLX NETFLIX INC. Communication Services 3,823.0 $355K 0.01% -6K -60.8% $92.98 -4.7%
119 GILD GILEAD SCIENCES INC Healthcare 2,579.0 $352K 0.01% $136.34 -1.5%
120 GLD SPDR GOLD TR Financial Services 839.0 $348K 0.01% $414.58 -0.2%
Page 6 of 8  ·  158 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 49.4%
Financial Services 13.7%
Industrials 9.3%
Healthcare 7.8%
Communication Services 5.9%
Utilities 4.0%
Consumer Defensive 3.3%
Consumer Cyclical 3.0%
Energy 2.3%
Real Estate 0.6%