# EDGAR Filing Document

**Accession Number:** 0001743941
**File Stem:** 0001172661-25-002872
**Filing Date:** 2025-8
**Character Count:** 13674
**Document Hash:** 70420751c12bde630fb6657cf90e7031
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-25-002872.hdr.sgml**: 20250805

**ACCESSION NUMBER**: 0001172661-25-002872

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250805

**DATE AS OF CHANGE**: 20250805

**EFFECTIVENESS DATE**: 20250805

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Elm Partners Management LLC
- **CENTRAL INDEX KEY:** 0001743941

**ORGANIZATION NAME:**
- **EIN:** 301071383
- **STATE OF INCORPORATION:** WY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-18958
- **FILM NUMBER:** 251182932

**BUSINESS ADDRESS:**
- **STREET 1:** 50 S 16TH ST.
- **STREET 2:** SUITE 1700
- **CITY:** PHILADELPHIA
- **STATE:** PA
- **ZIP:** 19102
- **BUSINESS PHONE:** (800) 459-7591

**MAIL ADDRESS:**
- **STREET 1:** 50 S 16TH ST.
- **STREET 2:** SUITE 1700
- **CITY:** PHILADELPHIA
- **STATE:** PA
- **ZIP:** 19102

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Elm Partners Management LLC<br>**Address:** 50 S 16th St.<br>Suite 1700<br>Philadelphia, PA 19102

**Form 13F File Number:** 028-18958

**CRD Number (if applicable):** 000167225

**SEC File Number (if applicable):** 801-78018

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** James White<br>**Title:** Chief Compliance Officer<br>**Phone:** 888-676-3148

**Signature, Place, and Date of Signing:**

/s/ James White  PHILADELPHIA, PA  08-05-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 97

**Form 13F Information Table Value Total:** $1722386934

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ABBVIE INC | COM | 00287Y109 |  | 359546 | 1937 | SH |  | SOLE |  | 0 | 0 | 1937 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 950872 | 6701 | SH |  | SOLE |  | 0 | 0 | 6701 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 222385 | 2252 | SH |  | SOLE |  | 0 | 0 | 2252 |
| APPLE INC | COM | 037833100 |  | 1508842 | 7354 | SH |  | SOLE |  | 0 | 0 | 7354 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 601541 | 1238 | SH |  | SOLE |  | 0 | 0 | 1238 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 3644000 | 5 | SH |  | SOLE |  | 0 | 0 | 5 |
| BROADCOM INC | COM | 11135F101 |  | 222037 | 806 | SH |  | SOLE |  | 0 | 0 | 806 |
| BROOKFIELD CORP | CL A LTD VT SH | 11271J107 |  | 2878808 | 46545 | SH |  | SOLE |  | 0 | 0 | 46545 |
| COHERENT CORP | COM | 19247G107 |  | 1784022 | 19998 | SH |  | SOLE |  | 0 | 0 | 19998 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 884017 | 893 | SH |  | SOLE |  | 0 | 0 | 893 |
| COTERRA ENERGY INC | COM | 127097103 |  | 698965 | 27540 | SH |  | SOLE |  | 0 | 0 | 27540 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 4583790 | 9000 | SH |  | SOLE |  | 0 | 0 | 9000 |
| DOMINION ENERGY INC | COM | 25746U109 |  | 738660 | 13069 | SH |  | SOLE |  | 0 | 0 | 13069 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 1077576 | 9132 | SH |  | SOLE |  | 0 | 0 | 9132 |
| EATON CORP PLC | SHS | G29183103 |  | 222405 | 623 | SH |  | SOLE |  | 0 | 0 | 623 |
| ELI LILLY  CO | COM | 532457108 |  | 2814886 | 3611 | SH |  | SOLE |  | 0 | 0 | 3611 |
| FRANKLIN TEMPLETON ETF TR | FTSE CANADA | 35473P827 |  | 1284147 | 30758 | SH |  | SOLE |  | 0 | 0 | 30758 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 235935 | 2128 | SH |  | SOLE |  | 0 | 0 | 2128 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 230729 | 326 | SH |  | SOLE |  | 0 | 0 | 326 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 2788538 | 9460 | SH |  | SOLE |  | 0 | 0 | 9460 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 269021 | 4314 | SH |  | SOLE |  | 0 | 0 | 4314 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 90014969 | 1499500 | SH |  | SOLE |  | 0 | 0 | 1499500 |
| ISHARES INC | MSCI CDA ETF | 464286509 |  | 5413351 | 117172 | SH |  | SOLE |  | 0 | 0 | 117172 |
| ISHARES TR | TIPS BD ETF | 464287176 |  | 584312 | 5310 | SH |  | SOLE |  | 0 | 0 | 5310 |
| ISHARES TR | S 100 ETF | 464287101 |  | 605352 | 1989 | SH |  | SOLE |  | 0 | 0 | 1989 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 854744 | 10239 | SH |  | SOLE |  | 0 | 0 | 10239 |
| ISHARES TR | CORE S TTL STK | 464287150 |  | 51588550 | 382024 | SH |  | SOLE |  | 0 | 0 | 382024 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 18789542 | 189411 | SH |  | SOLE |  | 0 | 0 | 189411 |
| ISHARES TR | 0-3 MNTH TREASRY | 46436E718 |  | 126883401 | 1260139 | SH |  | SOLE |  | 0 | 0 | 1260139 |
| ISHARES TR | RUS MDCP VAL ETF | 464287473 |  | 251480 | 1903 | SH |  | SOLE |  | 0 | 0 | 1903 |
| ISHARES TR | CORE S ETF | 464287200 |  | 8809749 | 14189 | SH |  | SOLE |  | 0 | 0 | 14189 |
| ISHARES TR | CORE MSCI PAC | 46434V696 |  | 32760408 | 476862 | SH |  | SOLE |  | 0 | 0 | 476862 |
| ISHARES TR | CORE S US VLU | 464287663 |  | 4328257 | 45739 | SH |  | SOLE |  | 0 | 0 | 45739 |
| ISHARES TR | CORE MSCI EURO | 46434V738 |  | 66058529 | 997863 | SH |  | SOLE |  | 0 | 0 | 997863 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 |  | 6559314 | 62781 | SH |  | SOLE |  | 0 | 0 | 62781 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 219480 | 1130 | SH |  | SOLE |  | 0 | 0 | 1130 |
| ISHARES TR | 0-5 YR TIPS ETF | 46429B747 |  | 46086904 | 447837 | SH |  | SOLE |  | 0 | 0 | 447837 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 2196012 | 20093 | SH |  | SOLE |  | 0 | 0 | 20093 |
| ISHARES TR | S 500 VAL ETF | 464287408 |  | 1051063 | 5378 | SH |  | SOLE |  | 0 | 0 | 5378 |
| J P MORGAN EXCHANGE TRADED F | BETABUILDERS EUR | 46641Q191 |  | 24360708 | 361113 | SH |  | SOLE |  | 0 | 0 | 361113 |
| J P MORGAN EXCHANGE TRADED F | BETABUILDERS CDA | 46641Q225 |  | 21143065 | 261996 | SH |  | SOLE |  | 0 | 0 | 261996 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 991434 | 33722 | SH |  | SOLE |  | 0 | 0 | 33722 |
| LINDE PLC | SHS | G54950103 |  | 258521 | 551 | SH |  | SOLE |  | 0 | 0 | 551 |
| MARKEL GROUP INC | COM | 570535104 |  | 403467 | 202 | SH |  | SOLE |  | 0 | 0 | 202 |
| META PLATFORMS INC | CL A | 30303M102 |  | 229738 | 311 | SH |  | SOLE |  | 0 | 0 | 311 |
| MICROSOFT CORP | COM | 594918104 |  | 699181 | 1406 | SH |  | SOLE |  | 0 | 0 | 1406 |
| NETFLIX INC | COM | 64110L106 |  | 2465940 | 1841 | SH |  | SOLE |  | 0 | 0 | 1841 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 19033846 | 120475 | SH |  | SOLE |  | 0 | 0 | 120475 |
| RTX CORPORATION | COM | 75513E101 |  | 1265539 | 8667 | SH |  | SOLE |  | 0 | 0 | 8667 |
| SCHWAB STRATEGIC TR | US TIPS ETF | 808524870 |  | 119727118 | 4487523 | SH |  | SOLE |  | 0 | 0 | 4487523 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 |  | 3361309 | 152095 | SH |  | SOLE |  | 0 | 0 | 152095 |
| SCHWAB STRATEGIC TR | US LCAP VA ETF | 808524409 |  | 334779 | 12099 | SH |  | SOLE |  | 0 | 0 | 12099 |
| SCHWAB STRATEGIC TR | US BRD MKT ETF | 808524102 |  | 2133370 | 89525 | SH |  | SOLE |  | 0 | 0 | 89525 |
| SCHWAB STRATEGIC TR | US SML CAP ETF | 808524607 |  | 783208 | 30957 | SH |  | SOLE |  | 0 | 0 | 30957 |
| SCHWAB STRATEGIC TR | US REIT ETF | 808524847 |  | 7315691 | 345732 | SH |  | SOLE |  | 0 | 0 | 345732 |
| SELECT SECTOR SPDR TR | SBI INT-UTILS | 81369Y886 |  | 267273 | 3273 | SH |  | SOLE |  | 0 | 0 | 3273 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 2576868 | 10176 | SH |  | SOLE |  | 0 | 0 | 10176 |
| SELECT SECTOR SPDR TR | SBI CONS STPLS | 81369Y308 |  | 468330 | 5784 | SH |  | SOLE |  | 0 | 0 | 5784 |
| SELECT SECTOR SPDR TR | SBI CONS DISCR | 81369Y407 |  | 327299 | 1506 | SH |  | SOLE |  | 0 | 0 | 1506 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 584719 | 4338 | SH |  | SOLE |  | 0 | 0 | 4338 |
| SELECT SECTOR SPDR TR | COMMUNICATION | 81369Y852 |  | 717058 | 6607 | SH |  | SOLE |  | 0 | 0 | 6607 |
| SELECT SECTOR SPDR TR | INDL | 81369Y704 |  | 995465 | 6748 | SH |  | SOLE |  | 0 | 0 | 6748 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 1299848 | 24820 | SH |  | SOLE |  | 0 | 0 | 24820 |
| SEMPRA | COM | 816851109 |  | 458257 | 6048 | SH |  | SOLE |  | 0 | 0 | 6048 |
| SERIES PORTFOLIOS TR | ELM MARKET NAVIG | 81752T429 |  | 161755320 | 6247791 | SH |  | SOLE |  | 0 | 0 | 6247791 |
| SPDR INDEX SHS FDS | PORTFOLIO EMG MK | 78463X509 |  | 29082222 | 680445 | SH |  | SOLE |  | 0 | 0 | 680445 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 1273997 | 2062 | SH |  | SOLE |  | 0 | 0 | 2062 |
| SPDR SERIES TRUST | BLOOMBERG 1-3 MO | 78468R663 |  | 840226 | 9160 | SH |  | SOLE |  | 0 | 0 | 9160 |
| SPDR SERIES TRUST | PORTFOLIO S | 78464A854 |  | 2451911 | 33731 | SH |  | SOLE |  | 0 | 0 | 33731 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 342226 | 1511 | SH |  | SOLE |  | 0 | 0 | 1511 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 |  | 31914438 | 433443 | SH |  | SOLE |  | 0 | 0 | 433443 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 11272355 | 63779 | SH |  | SOLE |  | 0 | 0 | 63779 |
| VANGUARD INDEX FDS | MCAP VL IDXVIP | 922908512 |  | 453551 | 2758 | SH |  | SOLE |  | 0 | 0 | 2758 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 5532692 | 62123 | SH |  | SOLE |  | 0 | 0 | 62123 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 256537654 | 844068 | SH |  | SOLE |  | 0 | 0 | 844068 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 |  | 591729 | 3034 | SH |  | SOLE |  | 0 | 0 | 3034 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 6079957 | 25656 | SH |  | SOLE |  | 0 | 0 | 25656 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 48928664 | 86137 | SH |  | SOLE |  | 0 | 0 | 86137 |
| VANGUARD INTL EQUITY INDEX F | FTSE EUROPE ETF | 922042874 |  | 142415351 | 1837617 | SH |  | SOLE |  | 0 | 0 | 1837617 |
| VANGUARD INTL EQUITY INDEX F | FTSE PACIFIC ETF | 922042866 |  | 85516486 | 1040600 | SH |  | SOLE |  | 0 | 0 | 1040600 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 186216365 | 3764989 | SH |  | SOLE |  | 0 | 0 | 3764989 |
| VANGUARD MUN BD FDS | TAX EXEMPT BD | 922907746 |  | 9784048 | 199552 | SH |  | SOLE |  | 0 | 0 | 199552 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 374207 | 4707 | SH |  | SOLE |  | 0 | 0 | 4707 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 |  | 21776109 | 370468 | SH |  | SOLE |  | 0 | 0 | 370468 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 |  | 315154 | 4562 | SH |  | SOLE |  | 0 | 0 | 4562 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 1140911 | 20012 | SH |  | SOLE |  | 0 | 0 | 20012 |
| VANGUARD WHITEHALL FDS | EM MK GOV BD ETF | 921946885 |  | 257740 | 3944 | SH |  | SOLE |  | 0 | 0 | 3944 |
| VANGUARD WORLD FD | HEALTH CAR ETF | 92204A504 |  | 1147082 | 4619 | SH |  | SOLE |  | 0 | 0 | 4619 |
| VANGUARD WORLD FD | MATERIALS ETF | 92204A801 |  | 281335 | 1444 | SH |  | SOLE |  | 0 | 0 | 1444 |
| VANGUARD WORLD FD | FINANCIALS ETF | 92204A405 |  | 1175106 | 9231 | SH |  | SOLE |  | 0 | 0 | 9231 |
| VANGUARD WORLD FD | ENERGY ETF | 92204A306 |  | 283267 | 2378 | SH |  | SOLE |  | 0 | 0 | 2378 |
| VANGUARD WORLD FD | COMM SRVC ETF | 92204A884 |  | 1681396 | 9831 | SH |  | SOLE |  | 0 | 0 | 9831 |
| VANGUARD WORLD FD | CONSUM DIS ETF | 92204A108 |  | 2322471 | 6410 | SH |  | SOLE |  | 0 | 0 | 6410 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 |  | 2941739 | 4435 | SH |  | SOLE |  | 0 | 0 | 4435 |
| VANGUARD WORLD FD | INDUSTRIAL ETF | 92204A603 |  | 1272358 | 4543 | SH |  | SOLE |  | 0 | 0 | 4543 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 |  | 2446596 | 19053 | SH |  | SOLE |  | 0 | 0 | 19053 |
| VISTRA CORP | COM | 92840M102 |  | 724101 | 3736 | SH |  | SOLE |  | 0 | 0 | 3736 |

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