Who owns ELM (ELM)
Which tracked institutional funds hold ELM, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See ELM company fundamentals →
Ownership as of the 2026-Q1 13F filings. 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
The tracked-fund tape on ELM is one-sided between 2025-Q4 and 2026-Q1: 5 added or opened and 1 trimmed or exited — on balance accumulating.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
ELM’s largest tracked holder by dollar value, Elm Partners Management LLC, sizes it at 6.9% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 6.9pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in ELM divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2025-Q4 and 2026-Q1, across 13 tracked filers holding ELM, 11 increased or opened the position and 3 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in ELM between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 3
- Creative Planning$1M
- WEDBUSH SECURITIES INC$706K
- London & Capital Asset Management Ltd$659K
Largest adds
- Elm Partners Management LLC$37M
- FIRST NATIONAL BANK SIOUX FALLS$959K
Largest trims
- JANE STREET GROUP, LLC$1M
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| Elm Partners Management LLC added | 6,006,305 | $160M | 82.2% | 2026-Q1 |
| HighTower Advisors, LLC | 145,335 | $4M | 2.0% | 2026-Q1 |
| Tanager Wealth Management LLP added | 129,100 | $4M | 1.8% | 2026-Q1 |
| FIRST NATIONAL BANK SIOUX FALLS added | 64,797 | $2M | 0.9% | 2026-Q1 |
| Creative Planning new | 54,001 | $1M | 0.8% | 2026-Q1 |
| WEDBUSH SECURITIES INC new | 26,030 | $706K | 0.4% | 2026-Q1 |
| London & Capital Asset Management Ltd new | 24,234 | $659K | 0.3% | 2026-Q1 |
| JANE STREET GROUP, LLC trimmed | 17,486 | $474K | 0.2% | 2026-Q1 |
| Onyx Bridge Wealth Group LLC new | 15,947 | $432K | 0.2% | 2026-Q1 |
| Insight Advisors, LLC/ PA new | 15,265 | $414K | 0.2% | 2026-Q1 |
| COWA, LLC new | 9,924 | $269K | 0.1% | 2026-Q1 |
| Avion Wealth added | 5,535 | $150K | 0.1% | 2026-Q1 |
| UBS Group AG added | 579 | $16K | 0.0% | 2026-Q1 |
| JPMORGAN CHASE & CO trimmed | 775,000 | $20M | 10.3% | 2025-Q2 stale |
| Hegarty Advisors, LLC new | 12,735 | $347K | 0.2% | 2025-Q4 stale |
| CITADEL ADVISORS LLC trimmed | 10,758 | $293K | 0.2% | 2025-Q4 stale |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | — | 0.0% | 2025-Q2 stale |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.