Elm Partners Management LLC

13F filer · CIK 0001743941

Reported Jul 28, 2026

Net seller this quarter

13F portfolio value$2.79BU.S. long equity reported on 13F

Positions767 new · 8 closed

Net flow last quarter-$6.43MBuys minus sells

Top 10 positions weight7.3%Concentration

Holdings

13F · last 4 quarters free

Scroll for earlier quarters

Company	Value	% of portfolio	% of company	POSITION CHANGE qoq %	First reported
Q2 2026Reported Jul 28, 202676 positions
VPLInvesco Pennsylvania Value Municipal Income Trust	$145M	5.19%	Not reported	+2.1%	Q4 2018
NVDANvidia Corp	$21.4M	0.77%	0.00%	-3.4%	Q2 2025
AAPLApple Inc.	$7.58M	0.27%	0.00%	+1.5%	Q1 2025
CRWDCrowdStrike Holdings, Inc.	$5.8M	0.21%	0.00%	0.0%	Q2 2025
SPYSPDR S&P 500 ETF Trust	$4.62M	0.17%	Not reported	-0.2%	Q2 2019
LLYELI LILLY & Co	$4.61M	0.17%	0.00%	-0.9%	Q2 2025
AMDAdvanced Micro Devices Inc	$4.56M	0.16%	0.00%	+0.1%	Q2 2025
BRK.ABerkshire Hathaway Inc	$4.49M	0.16%	Not reported	Not reported	Q2 2025
LRCXLam Research Corp	$3.15M	0.11%	0.00%	+0.2%	Q3 2025
BNBROOKFIELD Corp	$2.97M	0.11%	Not reported	0.0%	Q2 2025
COHRCoherent Corp.	$2.84M	0.10%	0.00%	-54.9%	Q2 2025
GOOGLAlphabet Inc.	$2.65M	0.10%	0.00%	+0.6%	Q3 2025
IBMInternational Business Machines Corp	$2.62M	0.09%	0.00%	-10.4%	Q2 2025
MSFTMicrosoft Corp	$2.43M	0.09%	0.00%	+21.3%	Q3 2024
GOOGAlphabet Inc.	$2.32M	0.08%	Not reported	+9.1%	Q4 2025
RTXRTX Corp	$1.79M	0.06%	0.00%	0.0%	Q2 2025
AVGOBroadcom Inc.	$1.59M	0.06%	0.00%	+11.6%	Q2 2025
AMZNAmazon Com Inc	$1.45M	0.05%	0.00%	+26.3%	Q3 2025
JPMJPMorgan Chase & Co	$1.35M	0.05%	0.00%	Not reported	Q3 2025
COSTCostco Wholesale Corp	$1.26M	0.05%	0.00%	+0.2%	Q2 2025
MUMicron Technology Inc	$1.24M	0.04%	0.00%	+28.0%	Q4 2025
BRK.BBerkshire Hathaway Inc	$1.23M	0.04%	Not reported	-4.7%	Q2 2025
ABBVAbbVie Inc.	$1.21M	0.04%	0.00%	+3.0%	Q4 2024
DUKDuke Energy CORP	$1.2M	0.04%	0.00%	Not reported	Q2 2025
DDominion Energy, Inc	$893K	0.03%	0.00%	Not reported	Q2 2025
VRTVertiv Holdings Co	$806K	0.03%	0.00%	-87.4%	Q2 2025
CATCaterpillar Inc	$805K	0.03%	0.00%	+0.3%	Q3 2025
STXSeagate Technology Holdings plc	$802K	0.03%	0.00%	+0.5%	Q4 2025
METAMeta Platforms, Inc.	$800K	0.03%	Not reported	-0.9%	Q2 2025
XOMExxonMobil Holdings Corp	$777K	0.03%	0.00%	-5.2%	Q3 2025
TSMTaiwan Semiconductor Manufacturing Co Ltd	$774K	0.03%	0.00%	+0.4%	Q2 2025
MKLMarkel Group Inc.	$711K	0.03%	0.00%	Not reported	Q2 2025
OTFBlue Owl Technology Finance Corp.	$683K	0.02%	0.01%	+50.0%	Q3 2025
ASMLAsml Holding NV	$679K	0.02%	0.00%	Not reported	Q3 2025
BACBank of America Corp	$634K	0.02%	0.00%	+5.6%	Q3 2025
SRESempra	$588K	0.02%	0.00%	+0.1%	Q2 2025
ETNEaton Corp plc	$570K	0.02%	0.00%	+0.3%	Q2 2025
LINLinde PLC	$540K	0.02%	0.00%	+0.2%	Q2 2025
WMTWalmart Inc.	$515K	0.02%	0.00%	+0.4%	Q3 2025
VLOValero Energy Corp	$474K	0.02%	0.00%	Not reported	Q3 2025
IAUIshares Gold Trust	$469K	0.02%	0.00%	Not reported	Q1 2019
PGPROCTER & GAMBLE Co	$451K	0.02%	0.00%	+0.3%	Q3 2025
VVisa Inc.	$448K	0.02%	0.00%	+3.1%	Q3 2025
VSTVistra Corp.	$445K	0.02%	0.00%	-3.0%	Q2 2025
ORCLOracle Corp	$426K	0.02%	0.00%	+0.5%	Q3 2025
ORLYO Reilly Automotive Inc	$425K	0.02%	0.00%	+0.1%	Q3 2025
JNJJohnson & Johnson	$423K	0.02%	0.00%	+29.3%	Q4 2025
MAMastercard Inc	$419K	0.02%	0.00%	+3.0%	Q3 2025
MRKMerck & Co., Inc.	$400K	0.01%	0.00%	+0.3%	Q4 2025
APHAmphenol Corp	$400K	0.01%	0.00%	+0.8%	Q2 2025

Q1 2026Reported May 13, 202677 positions
VPLInvesco Pennsylvania Value Municipal Income Trust	$116M	5.01%	Not reported	+1.4%	Q4 2018
NVDANvidia Corp	$18.3M	0.79%	0.00%	+0.5%	Q2 2025
AAPLApple Inc.	$6.36M	0.28%	0.00%	+30.1%	Q1 2025
VRTVertiv Holdings Co	$4.46M	0.19%	0.01%	Not reported	Q2 2025
BRK.ABerkshire Hathaway Inc	$4.28M	0.19%	Not reported	Not reported	Q2 2025
SPYSPDR S&P 500 ETF Trust	$3.91M	0.17%	Not reported	-2.7%	Q2 2019
COHRCoherent Corp.	$3.51M	0.15%	0.01%	-20.0%	Q2 2025
LLYELI LILLY & Co	$3.44M	0.15%	0.00%	+1.0%	Q2 2025
CRWDCrowdStrike Holdings, Inc.	$2.89M	0.13%	0.00%	-16.5%	Q2 2025
BNBROOKFIELD Corp	$2.7M	0.12%	Not reported	Not reported	Q2 2025
IBMInternational Business Machines Corp	$2.46M	0.11%	0.00%	-3.7%	Q2 2025
GOOGLAlphabet Inc.	$2.02M	0.09%	0.00%	+0.3%	Q3 2025
MSFTMicrosoft Corp	$1.93M	0.08%	0.00%	+0.6%	Q3 2024
RTXRTX Corp	$1.77M	0.08%	0.00%	+1.0%	Q2 2025
GOOGAlphabet Inc.	$1.64M	0.07%	Not reported	+20.9%	Q4 2025
AMDAdvanced Micro Devices Inc	$1.54M	0.07%	0.00%	-1.8%	Q2 2025
LRCXLam Research Corp	$1.45M	0.06%	0.00%	Not reported	Q3 2025
COSTCostco Wholesale Corp	$1.34M	0.06%	0.00%	+16.9%	Q2 2025
DUKDuke Energy CORP	$1.25M	0.05%	0.00%	+2.3%	Q2 2025
BRK.BBerkshire Hathaway Inc	$1.23M	0.05%	Not reported	+22.4%	Q2 2025
JPMJPMorgan Chase & Co	$1.17M	0.05%	0.00%	+0.6%	Q3 2025
AVGOBroadcom Inc.	$1.11M	0.05%	0.00%	+4.9%	Q2 2025
XOMExxonMobil Holdings Corp	$1.03M	0.04%	0.00%	+6.2%	Q3 2025
ABBVAbbVie Inc.	$996K	0.04%	0.00%	+1.9%	Q4 2024
AMZNAmazon Com Inc	$967K	0.04%	0.00%	+9.4%	Q3 2025
DDominion Energy, Inc	$809K	0.04%	0.00%	Not reported	Q2 2025
METAMeta Platforms, Inc.	$768K	0.03%	Not reported	+8.6%	Q2 2025
MKLMarkel Group Inc.	$687K	0.03%	0.00%	+4.3%	Q2 2025
ALNYAlnylam Pharmaceuticals, Inc.	$646K	0.03%	0.00%	+1.7%	Q4 2025
SRESempra	$612K	0.03%	0.00%	+3.0%	Q2 2025
WMTWalmart Inc.	$559K	0.02%	0.00%	+12.3%	Q3 2025
OTFBlue Owl Technology Finance Corp.	$551K	0.02%	0.01%	+100.0%	Q3 2025
IAUIshares Gold Trust	$527K	0.02%	0.00%	+5.0%	Q1 2019
PLDPrologis, Inc.	$519K	0.02%	0.00%	+0.1%	Q4 2025
LINLinde PLC	$518K	0.02%	0.00%	+19.2%	Q2 2025
TSMTaiwan Semiconductor Manufacturing Co Ltd	$511K	0.02%	0.00%	Not reported	Q2 2025
CATCaterpillar Inc	$503K	0.02%	0.00%	+4.3%	Q3 2025
BACBank of America Corp	$498K	0.02%	0.00%	+3.8%	Q3 2025
ETNEaton Corp plc	$458K	0.02%	0.00%	Not reported	Q2 2025
VLOValero Energy Corp	$455K	0.02%	0.00%	+7.8%	Q3 2025
PGPROCTER & GAMBLE Co	$444K	0.02%	0.00%	+5.3%	Q3 2025
VSTVistra Corp.	$427K	0.02%	0.00%	+3.4%	Q2 2025
ASMLAsml Holding NV	$427K	0.02%	0.00%	Not reported	Q3 2025
ORLYO Reilly Automotive Inc	$424K	0.02%	0.00%	Not reported	Q3 2025
ORCLOracle Corp	$401K	0.02%	0.00%	-0.1%	Q3 2025
DLOdLocal Ltd	$397K	0.02%	0.01%	Not reported	Q4 2025
MAMastercard Inc	$391K	0.02%	0.00%	+27.6%	Q3 2025
VVisa Inc.	$379K	0.02%	0.00%	-3.2%	Q3 2025
MRKMerck & Co., Inc.	$367K	0.02%	0.00%	Not reported	Q4 2025
MELIMercadolibre Inc	$363K	0.02%	0.00%	Not reported	Q4 2025

Q4 2025Reported Feb 10, 202677 positions
VPLInvesco Pennsylvania Value Municipal Income Trust	$109M	4.95%	Not reported	+7.4%	Q4 2018
NVDANvidia Corp	$20.5M	0.93%	0.00%	-16.9%	Q2 2025
AAPLApple Inc.	$5.39M	0.24%	0.00%	-20.0%	Q1 2025
BRK.ABerkshire Hathaway Inc	$4.53M	0.21%	Not reported	Not reported	Q2 2025
SPYSPDR S&P 500 ETF Trust	$4.34M	0.20%	Not reported	-9.9%	Q2 2019
CRWDCrowdStrike Holdings, Inc.	$4.26M	0.19%	0.00%	Not reported	Q2 2025
LLYELI LILLY & Co	$4.12M	0.19%	0.00%	-1.6%	Q2 2025
COHRCoherent Corp.	$3.69M	0.17%	0.01%	Not reported	Q2 2025
BNBROOKFIELD Corp	$3.2M	0.15%	Not reported	0.0%	Q2 2025
IBMInternational Business Machines Corp	$3.19M	0.14%	0.00%	+3.9%	Q2 2025
VRTVertiv Holdings Co	$3.09M	0.14%	0.01%	Not reported	Q2 2025
MSFTMicrosoft Corp	$2.58M	0.12%	0.00%	+0.7%	Q3 2024
GOOGLAlphabet Inc.	$2.3M	0.10%	0.00%	-1.7%	Q3 2025
RTXRTX Corp	$1.71M	0.08%	0.00%	+0.5%	Q2 2025
AMDAdvanced Micro Devices Inc	$1.71M	0.08%	0.00%	+3.8%	Q2 2025
GOOGAlphabet Inc.	$1.56M	0.07%	Not reported	New	Q4 2025
JPMJPMorgan Chase & Co	$1.33M	0.06%	0.00%	+5.2%	Q3 2025
AVGOBroadcom Inc.	$1.25M	0.06%	0.00%	-0.9%	Q2 2025
LRCXLam Research Corp	$1.24M	0.06%	0.00%	+44.7%	Q3 2025
DUKDuke Energy CORP	$1.08M	0.05%	0.00%	+0.9%	Q2 2025
BTCGrayscale Bitcoin Mini Trust ETF	$1.07M	0.05%	0.03%	New	Q4 2025
BRK.BBerkshire Hathaway Inc	$1.06M	0.05%	Not reported	+16.6%	Q2 2025
ABBVAbbVie Inc.	$1.05M	0.05%	0.00%	+0.9%	Q4 2024
AMZNAmazon Com Inc	$1.02M	0.05%	0.00%	-39.3%	Q3 2025
COSTCostco Wholesale Corp	$995K	0.05%	0.00%	+11.1%	Q2 2025
NFLXNetflix Inc	$915K	0.04%	0.00%	-45.2%	Q2 2025
METAMeta Platforms, Inc.	$870K	0.04%	Not reported	-0.7%	Q2 2025
ALNYAlnylam Pharmaceuticals, Inc.	$798K	0.04%	0.00%	New	Q4 2025
DDominion Energy, Inc	$766K	0.03%	0.00%	Not reported	Q2 2025
MKLMarkel Group Inc.	$750K	0.03%	0.00%	+16.7%	Q2 2025
XOMExxonMobil Holdings Corp	$679K	0.03%	0.00%	+2.8%	Q3 2025
ORCLOracle Corp	$564K	0.03%	0.00%	Not reported	Q3 2025
BACBank of America Corp	$559K	0.03%	0.00%	+13.7%	Q3 2025
SRESempra	$543K	0.02%	0.00%	-3.0%	Q2 2025
PLDPrologis, Inc.	$514K	0.02%	0.00%	New	Q4 2025
TSMTaiwan Semiconductor Manufacturing Co Ltd	$490K	0.02%	0.00%	+5.8%	Q2 2025
IAUIshares Gold Trust	$480K	0.02%	0.00%	+37.1%	Q1 2019
VVisa Inc.	$458K	0.02%	0.00%	Not reported	Q3 2025
DLOdLocal Ltd	$452K	0.02%	0.01%	New	Q4 2025
VSTVistra Corp.	$452K	0.02%	0.00%	Not reported	Q2 2025
MELIMercadolibre Inc	$451K	0.02%	0.00%	New	Q4 2025
WMTWalmart Inc.	$449K	0.02%	0.00%	+6.6%	Q3 2025
ETNEaton Corp plc	$425K	0.02%	0.00%	+0.1%	Q2 2025
ORLYO Reilly Automotive Inc	$420K	0.02%	0.00%	Not reported	Q3 2025
PGPROCTER & GAMBLE Co	$417K	0.02%	0.00%	-1.6%	Q3 2025
CATCaterpillar Inc	$414K	0.02%	0.00%	+4.3%	Q3 2025
LINLinde PLC	$371K	0.02%	0.00%	Not reported	Q2 2025
ASMLAsml Holding NV	$363K	0.02%	0.00%	Not reported	Q3 2025
MAMastercard Inc	$354K	0.02%	0.00%	+12.7%	Q3 2025
GLDSPDR Gold Trust	$333K	0.02%	0.00%	+39.0%	Q3 2025

Q3 2025Reported Nov 4, 202567 positions
VPLInvesco Pennsylvania Value Municipal Income Trust	$98.8M	4.94%	Not reported	+8.1%	Q4 2018
NVDANvidia Corp	$24.7M	1.24%	0.00%	+10.0%	Q2 2025
AAPLApple Inc.	$6.31M	0.32%	0.00%	+237.0%	Q1 2025
SPYSPDR S&P 500 ETF Trust	$4.71M	0.24%	Not reported	+242.5%	Q2 2019
BRK.ABerkshire Hathaway Inc	$4.53M	0.23%	Not reported	+20.0%	Q2 2025
CRWDCrowdStrike Holdings, Inc.	$4.46M	0.22%	0.00%	+1.0%	Q2 2025
LLYELI LILLY & Co	$2.98M	0.15%	0.00%	+8.0%	Q2 2025
IBMInternational Business Machines Corp	$2.93M	0.15%	0.00%	+9.7%	Q2 2025
VRTVertiv Holdings Co	$2.87M	0.14%	0.01%	Not reported	Q2 2025
MSFTMicrosoft Corp	$2.74M	0.14%	0.00%	+276.6%	Q3 2024
COHRCoherent Corp.	$2.15M	0.11%	0.01%	Not reported	Q2 2025
NFLXNetflix Inc	$2.14M	0.11%	0.00%	-3.2%	Q2 2025
BNBROOKFIELD Corp	$2.13M	0.11%	Not reported	0.0%	Q2 2025
GOOGLAlphabet Inc.	$1.82M	0.09%	0.00%	New	Q3 2025
AMZNAmazon Com Inc	$1.59M	0.08%	0.00%	New	Q3 2025
RTXRTX Corp	$1.56M	0.08%	0.00%	+7.3%	Q2 2025
AMDAdvanced Micro Devices Inc	$1.25M	0.06%	0.00%	+14.9%	Q2 2025
JPMJPMorgan Chase & Co	$1.23M	0.06%	0.00%	New	Q3 2025
AVGOBroadcom Inc.	$1.2M	0.06%	0.00%	+350.5%	Q2 2025
DUKDuke Energy CORP	$1.13M	0.06%	0.00%	+0.4%	Q2 2025
ABBVAbbVie Inc.	$1.05M	0.05%	0.00%	+134.7%	Q4 2024
METAMeta Platforms, Inc.	$975K	0.05%	Not reported	+327.0%	Q2 2025
COSTCostco Wholesale Corp	$962K	0.05%	0.00%	+16.4%	Q2 2025
BRK.BBerkshire Hathaway Inc	$910K	0.05%	Not reported	+46.1%	Q2 2025
ORCLOracle Corp	$813K	0.04%	0.00%	New	Q3 2025
DDominion Energy, Inc	$800K	0.04%	0.00%	+0.1%	Q2 2025
TSLATesla, Inc.	$742K	0.04%	0.00%	New	Q3 2025
LRCXLam Research Corp	$671K	0.03%	0.00%	New	Q3 2025
XOMExxonMobil Holdings Corp	$619K	0.03%	0.00%	New	Q3 2025
MKLMarkel Group Inc.	$571K	0.03%	0.00%	+48.0%	Q2 2025
SRESempra	$571K	0.03%	0.00%	+4.9%	Q2 2025
VSTVistra Corp.	$549K	0.03%	0.00%	-25.0%	Q2 2025
ETNEaton Corp plc	$499K	0.02%	0.00%	+113.8%	Q2 2025
ORLYO Reilly Automotive Inc	$496K	0.02%	0.00%	New	Q3 2025
BACBank of America Corp	$461K	0.02%	0.00%	New	Q3 2025
PGPROCTER & GAMBLE Co	$454K	0.02%	0.00%	New	Q3 2025
VVisa Inc.	$446K	0.02%	0.00%	New	Q3 2025
TSMTaiwan Semiconductor Manufacturing Co Ltd	$426K	0.02%	0.00%	+0.9%	Q2 2025
LINLinde PLC	$414K	0.02%	0.00%	+58.1%	Q2 2025
WMTWalmart Inc.	$390K	0.02%	0.00%	New	Q3 2025
LOWLowes Companies Inc	$334K	0.02%	0.00%	New	Q3 2025
ASMLAsml Holding NV	$331K	0.02%	0.00%	New	Q3 2025
CATCaterpillar Inc	$331K	0.02%	0.00%	New	Q3 2025
IAUIshares Gold Trust	$314K	0.02%	0.00%	Not reported	Q1 2019
MAMastercard Inc	$313K	0.02%	0.00%	New	Q3 2025
LMTLockheed Martin Corp	$305K	0.02%	0.00%	New	Q3 2025
NVONovo Nordisk A S	$294K	0.01%	Not reported	New	Q3 2025
GILDGilead Sciences, Inc.	$286K	0.01%	0.00%	+20.9%	Q2 2025
APHAmphenol Corp	$279K	0.01%	0.00%	Not reported	Q2 2025
VLOValero Energy Corp	$276K	0.01%	0.00%	New	Q3 2025

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