Elm Partners Management LLC
Annual return '25
+16.0%
SPY '25
+17.7%
Alpha
-1.8ptsvs SPY
Invested
$2.3B
Holdings
158
Trades YTD
0
Performance · Fund vs SPY
Cumulative return · quarterly snapshotsCoverage 95%. 4 quarters of 2025 measured against SPY adj-close benchmark.
Top holdings · current snapshot
Source: 13F-HR01
$VTI
VANGUARD INDEX FDS
Q4 2025: Increased +5.8% (941.2k → 996.0k shares)
13.0%
02
$VWO
VANGUARD INTL EQUITY INDEX F
Q4 2025: Increased +12.8% (4.10M → 4.63M shares)
10.5%
03
$SCHP
SCHWAB STRATEGIC TR
Q4 2025: Increased +28.4% (5.51M → 7.07M shares)
9.3%
04
$VGK
VANGUARD INTL EQUITY INDEX F
Q4 2025: Increased +16.2% (1.89M → 2.20M shares)
7.3%
05
$ELM
SERIES PORTFOLIOS TR
Q4 2025: Sold 25.7% (6.05M → 4.50M shares)
6.9%
06
$VBIL
VANGUARD INSTL INDEX FD
Q4 2025: New position (108.9k shares)
6.0%
07
$IEMG
ISHARES INC
Q4 2025: Sold 1.1% (1.50M → 1.48M shares)
5.2%
08
$VPL
VANGUARD INTL EQUITY INDEX F
Q4 2025: Increased +7.3% (1.13M → 1.21M shares)
5.0%
09
$IEUR
ISHARES TR
Q4 2025: Sold 7.9% (1.04M → 961.3k shares)
3.3%
10
$VGSH
VANGUARD SCOTTSDALE FDS
Q4 2025: Increased +58.2% (840.0k → 1.33M shares)
3.0%
Recent trades · Last 90 days
No Form 4 / 13D / 13G trade events on file in the recent window. 13F filers report position snapshots quarterly rather than per-trade events, so this section is most useful for managers who also file Form 4 or 13D/G.
Convergence · Pattern Engine ships in v1.1
30-day windowIn development
Convergence participation lands with the Pattern Engine.
Once the Pattern Engine ships, this section will list every active convergence event this fund is named in — with the other named funds, the Congress members on the same name, and combined position size.
Source data: SEC EDGAR · 13F-HR filings · Performance through 2025-12-31 · Last refreshed 08:13 UTC.