Elm Partners Management LLC Q4 2018 Filing

Filed January 11, 2019

Portfolio Value

$289.7B

Holdings

Report Date

Q4 2018

Filing Type

13F-HR

All Holdings (31 positions)

#	Stock	Shares	Value	% Portfolio
1	BILSPDR BBG BARC 1-3 MONTH TBIL	894,154	$81.8B	28.23%
2	BSVVANGUARD SHORT-TERM BOND ETF	573,234	$45.0B	15.53%
3	IEMGISHARES CORE MSCI EMERGING	586,695	$27.7B	9.57%
4	VWOVANGUARD FTSE EMERGING MARKE	509,444	$19.4B	6.71%
5	VGKVANGUARD FTSE EUROPE ETF	324,779	$15.7B	5.43%
6	IVVISHARES CORE S&P 500 ETF	55,449	$13.8B	4.77%
7	VTIVANGUARD TOTAL STOCK MKT ETF	83,935	$10.6B	3.66%
8	VNQVANGUARD REAL ESTATE ETF	128,200	$9.5B	3.29%
9	VSSVANGUARD FTSE ALL WO X-US SC	96,108	$9.1B	3.13%
10	IEURISHARES CORE MSCI EUROPE	180,095	$7.4B	2.56%
11	VPLVANGUARD FTSE PACIFIC ETF	113,021	$6.9B	2.37%
12	SCZISHARES MSCI EAFE SMALL-CAP	102,268	$5.3B	1.82%
13	VTEBVANGUARD TAX-EXEMPT BOND ETF	95,509	$4.9B	1.68%
14	EFVISHARES MSCI EAFE VALUE ETF	102,249	$4.6B	1.59%
15	VBVANGUARD SMALL-CAP ETF	32,238	$4.2B	1.46%
16	ITOTISHARES CORE S&P TOTAL U.S.	68,351	$3.8B	1.33%
17	VTVVANGUARD VALUE ETF	35,841	$3.5B	1.20%
18	IJRISHARES CORE S&P SMALL-CAP E	44,363	$3.1B	1.06%
19	BBREJPMORGAN BETABUILDERS CANADA	136,572	$2.8B	0.97%
20	VOOVANGUARD S&P 500 ETF	10,151	$2.3B	0.80%
21	EWCISHARES MSCI CANADA ETF	72,942	$1.7B	0.60%
22	IPACISHARES CORE MSCI PACIFIC ET	33,135	$1.7B	0.58%
23	IWDISHARES RUSSELL 1000 VALUE E	11,604	$1.3B	0.44%
24	IUSVISHARES CORE S&P U.S. VALUE	22,193	$1.1B	0.37%
25	HYLBXTRACKERS USD HIGH YIELD COR	19,465	$910.0M	0.31%
26	MUBISHARES NATIONAL MUNI BOND E	5,960	$649.0M	0.22%
27	SCHCSCHWAB INTL SMALL-CAP EQUITY	14,306	$414.0M	0.14%
28	HYGISHARES IBOXX HIGH YLD CORP	4,981	$404.0M	0.14%
29	SCHESCHWAB EMERGING MARKETS EQUI	2,500	$59.0M	0.02%
30	TIPISHARES TIPS BOND ETF	90	$10.0M	0.00%
31	AGGISHARES CORE U.S. AGGREGATE	1	$0	0.00%