Elm Partners Management LLC has filed a restatement of its Form 13F-HR, disclosing its equity securities portfolio as of June 30, 2025. The filing, signed by Chief Compliance Officer James White, lists a total of 150 distinct positions held by the firm.
The portfolio is heavily weighted toward exchange-traded funds (ETFs), comprising the majority of the holdings. Among the individual equity positions, the largest holding is NVIDIA Corporation, for which the firm holds 12,047,500 shares. Other notable individual stock positions include Taiwan Semiconductor Manufacturing Co. (1,511 shares), CrowdStrike Holdings Inc. (9,000 shares), and Vertiv Holdings Co. (19,053 shares).
The filing also includes a significant number of ETF positions, including various Vanguard and iShares funds tracking broad market indices, as well as sector-specific ETFs covering technology, healthcare, and international markets. The restatement indicates that the firm has updated its reporting for the specified period.
