# Elm3 Financial Group, LLC

> Institutional holdings reported to the SEC as of Q3 2026 on Form 13F. CIK 2011201. Source: https://holderbook.com/funds/2011201-elm3-financial-group-llc/

- Reported value: $149.9M
- Positions: 150
- Weight of the ten largest: 35.4%
- Filed: 2026-10-07

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $9.2M | 36,758 | 6.1% | 8 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $8.9M | 39,022 | 5.9% | 8 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $5.5M | 15,673 | 3.7% | 8 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $4.9M | 4,204 | 3.2% | 8 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $4.8M | 9,390 | 3.2% | 8 |
| INVESCO EXCH TRADED FD TR II | [QQQM](https://holderbook.com/stocks/QQQM/) | $4.6M | 15,060 | 3.1% | 8 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $4.5M | 6,093 | 3.0% | 8 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $4.1M | 12,292 | 2.7% | 8 |
| SCHWAB STRATEGIC TR | [SCYB](https://holderbook.com/stocks/SCYB/) | $3.5M | 137,835 | 2.3% | 4 |
| INVESCO ACTIVELY MANAGED EXC | [ICLO](https://holderbook.com/stocks/ICLO/) | $3.2M | 125,405 | 2.1% | 8 |
| INVESCO EXCHANGE TRADED FD T | [XMMO](https://holderbook.com/stocks/XMMO/) | $3.1M | 21,071 | 2.1% | 8 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $2.9M | 8,380 | 1.9% | 8 |
| GLOBAL X FDS | [CLIP](https://holderbook.com/stocks/CLIP/) | $2.8M | 27,507 | 1.8% | 2 |
| ISHARES TR | [MTUM](https://holderbook.com/stocks/MTUM/) | $2.6M | 8,280 | 1.8% | 7 |
| SPDR SERIES TRUST | [SPHY](https://holderbook.com/stocks/SPHY/) | $2.4M | 104,194 | 1.6% | 4 |
| ISHARES INC | [EWY](https://holderbook.com/stocks/EWY/) | $2.3M | 12,354 | 1.5% | 7 |
| FIDELITY COVINGTON TRUST | [FTEC](https://holderbook.com/stocks/FTEC/) | $2.2M | 7,451 | 1.5% | 8 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $2.0M | 9,379 | 1.3% | 6 |
| FIDELITY MERRIMACK STR TR | [FLDR](https://holderbook.com/stocks/FLDR/) | $1.9M | 37,351 | 1.2% | 8 |
| HOWMET AEROSPACE INC | [HWM](https://holderbook.com/stocks/HWM/) | $1.7M | 7,573 | 1.1% | 8 |
| PIMCO DYNAMIC INCOME FD | [PDI](https://holderbook.com/stocks/PDI/) | $1.6M | 113,980 | 1.1% | 8 |
| ISHARES INC | [EWT](https://holderbook.com/stocks/EWT/) | $1.6M | 13,894 | 1.0% | 7 |
| VANECK ETF TRUST | [SMH](https://holderbook.com/stocks/SMH/) | $1.4M | 2,361 | 1.0% | 8 |
| CAPITAL GROUP DIVIDEND VALUE | [CGDV](https://holderbook.com/stocks/CGDV/) | $1.4M | 29,398 | 1.0% | 8 |
| FIDELITY COVINGTON TRUST | [FDEV](https://holderbook.com/stocks/FDEV/) | $1.3M | 37,258 | 0.9% | 7 |
| STERLING INFRASTRUCTURE INC | [STRL](https://holderbook.com/stocks/STRL/) | $1.3M | 2,662 | 0.9% | 8 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $1.3M | 4,589 | 0.9% | 8 |
| FIDELITY COVINGTON TRUST | [FCPI](https://holderbook.com/stocks/FCPI/) | $1.3M | 22,684 | 0.8% | 1 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $1.2M | 15,738 | 0.8% | 8 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $1.2M | 688 | 0.8% | 2 |
| PIMCO HIGH INCOME FD | [PHK](https://holderbook.com/stocks/PHK/) | $1.1M | 272,684 | 0.7% | 4 |
| FIDELITY COVINGTON TRUST | [FHLC](https://holderbook.com/stocks/FHLC/) | $1.1M | 13,476 | 0.7% | 4 |
| PIMCO ETF TR | [LONZ](https://holderbook.com/stocks/LONZ/) | $1.1M | 22,182 | 0.7% | 8 |
| INVESCO EXCHANGE TRADED FD T | [PPA](https://holderbook.com/stocks/PPA/) | $1.1M | 6,981 | 0.7% | 8 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $1.1M | 2,850 | 0.7% | 8 |
| VANGUARD BD INDEX FDS | [VUSB](https://holderbook.com/stocks/VUSB/) | $1.0M | 20,385 | 0.7% | 2 |
| VANGUARD INDEX FDS | [VBK](https://holderbook.com/stocks/VBK/) | $1.0M | 2,961 | 0.7% | 4 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $984.3K | 930 | 0.7% | 1 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $954.2K | 4,895 | 0.6% | 8 |
| ISHARES TR | [IFRA](https://holderbook.com/stocks/IFRA/) | $947.9K | 17,225 | 0.6% | 4 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $914.2K | 2,301 | 0.6% | 8 |
| FIDELITY COVINGTON TRUST | [FEMR](https://holderbook.com/stocks/FEMR/) | $898.1K | 21,820 | 0.6% | 6 |
| J P MORGAN EXCHANGE TRADED F | [JQUA](https://holderbook.com/stocks/JQUA/) | $893.1K | 12,101 | 0.6% | 8 |
| MARATHON PETE CORP | [MPC](https://holderbook.com/stocks/MPC/) | $850.6K | 2,151 | 0.6% | 3 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $847.8K | 796 | 0.6% | 1 |
| QUANTA SVCS INC | [PWR](https://holderbook.com/stocks/PWR/) | $809.6K | 1,260 | 0.5% | 1 |
| FIDELITY COVINGTON TRUST | [FELG](https://holderbook.com/stocks/FELG/) | $779.4K | 17,286 | 0.5% | 7 |
| VANGUARD INSTL INDEX FD | [VBIL](https://holderbook.com/stocks/VBIL/) | $777.7K | 10,270 | 0.5% | 2 |
| ETFIS SER TR I | [UTES](https://holderbook.com/stocks/UTES/) | $747.9K | 10,657 | 0.5% | 4 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $745.9K | 1,635 | 0.5% | 8 |
| ISHARES TR | [IWY](https://holderbook.com/stocks/IWY/) | $741.6K | 2,515 | 0.5% | 8 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $711.3K | 3,494 | 0.5% | 6 |
| SPDR SERIES TRUST | [XBI](https://holderbook.com/stocks/XBI/) | $694.9K | 4,407 | 0.5% | 4 |
| ISHARES TR | [EPOL](https://holderbook.com/stocks/EPOL/) | $694.8K | 15,678 | 0.5% | 7 |
| VANGUARD SCOTTSDALE FDS | [VTWG](https://holderbook.com/stocks/VTWG/) | $681.6K | 2,616 | 0.5% | 4 |
| FIDELITY COVINGTON TRUST | [FBCG](https://holderbook.com/stocks/FBCG/) | $667.9K | 10,567 | 0.4% | 8 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $661.9K | 1,943 | 0.4% | 8 |
| WISDOMTREE TR | [GDE](https://holderbook.com/stocks/GDE/) | $639.1K | 10,028 | 0.4% | 7 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $632.4K | 872 | 0.4% | 8 |
| VICTORY PORTFOLIOS II | [GFLW](https://holderbook.com/stocks/GFLW/) | $625.3K | 18,716 | 0.4% | 3 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $624.9K | 2,197 | 0.4% | 8 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $618.4K | 679 | 0.4% | 8 |
| ISHARES TR | [IWP](https://holderbook.com/stocks/IWP/) | $600.6K | 4,363 | 0.4% | 8 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $594.2K | 6,994 | 0.4% | 7 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $586.8K | 1,774 | 0.4% | 8 |
| JANUS DETROIT STR TR | [JAAA](https://holderbook.com/stocks/JAAA/) | $576.5K | 11,423 | 0.4% | 8 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $576.5K | 2,389 | 0.4% | 8 |
| DT MIDSTREAM INC | [DTM](https://holderbook.com/stocks/DTM/) | $558.0K | 4,670 | 0.4% | 8 |
| VANGUARD WORLD FD | [MGK](https://holderbook.com/stocks/MGK/) | $557.3K | 6,015 | 0.4% | 1 |
| FIDELITY COVINGTON TRUST | [FCOM](https://holderbook.com/stocks/FCOM/) | $541.0K | 7,513 | 0.4% | 6 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $533.9K | 6,333 | 0.4% | 2 |
| FIDELITY COVINGTON TRUST | [FFGX](https://holderbook.com/stocks/FFGX/) | $533.1K | 15,734 | 0.4% | 6 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $530.7K | 1,259 | 0.4% | 1 |
| PHILLIPS 66 | [PSX](https://holderbook.com/stocks/PSX/) | $529.8K | 2,075 | 0.4% | 1 |
| FIDELITY COVINGTON TRUST | [FFLC](https://holderbook.com/stocks/FFLC/) | $523.9K | 8,871 | 0.3% | 8 |
| NORTHERN TR CORP | [NTRS](https://holderbook.com/stocks/NTRS/) | $517.7K | 3,057 | 0.3% | 1 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $504.9K | 659 | 0.3% | 8 |
| CAPITAL ONE FINL CORP | [COF](https://holderbook.com/stocks/COF/) | $504.7K | 2,614 | 0.3% | 1 |
| INVESCO EXCHANGE TRADED FD T | [PKB](https://holderbook.com/stocks/PKB/) | $498.0K | 5,487 | 0.3% | 4 |
| GLOBAL X FDS | [PAVE](https://holderbook.com/stocks/PAVE/) | $488.3K | 9,301 | 0.3% | 4 |
| ISHARES TR | [ICSH](https://holderbook.com/stocks/ICSH/) | $487.8K | 9,678 | 0.3% | 2 |
| ISHARES TR | [LDRC](https://holderbook.com/stocks/LDRC/) | $482.6K | 19,589 | 0.3% | 1 |
| T ROWE PRICE EXCHANGE-TRADED | [THYF](https://holderbook.com/stocks/THYF/) | $468.2K | 9,402 | 0.3% | 8 |
| ISHARES TR | [IGSB](https://holderbook.com/stocks/IGSB/) | $462.9K | 9,035 | 0.3% | 1 |
| TRANSDIGM GROUP INC | [TDG](https://holderbook.com/stocks/TDG/) | $455.2K | 421 | 0.3% | 8 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $449.1K | 1,717 | 0.3% | 1 |
| J P MORGAN EXCHANGE TRADED F | [JCPB](https://holderbook.com/stocks/JCPB/) | $437.6K | 9,772 | 0.3% | 8 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $431.0K | 1,060 | 0.3% | 1 |
| VANECK ETF TRUST | [GDX](https://holderbook.com/stocks/GDX/) | $419.9K | 4,782 | 0.3% | 1 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $417.1K | 12,821 | 0.3% | 2 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $415.5K | 5,972 | 0.3% | 1 |
| TIDAL TRUST II | [FCUS](https://holderbook.com/stocks/FCUS/) | $412.2K | 9,745 | 0.3% | 2 |
| ISHARES TR | [IBB](https://holderbook.com/stocks/IBB/) | $410.3K | 1,949 | 0.3% | 2 |
| SCHWAB STRATEGIC TR | [SCHV](https://holderbook.com/stocks/SCHV/) | $408.9K | 12,274 | 0.3% | 2 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $404.7K | 1,735 | 0.3% | 4 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $396.6K | 1,498 | 0.3% | 2 |
| BANK OF NY MELLON CORP | [BNY](https://holderbook.com/stocks/BNY/) | $394.1K | 2,725 | 0.3% | 1 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $392.6K | 771 | 0.3% | 8 |
| PIMCO CORPORATE & INCOME OPP | [PTY](https://holderbook.com/stocks/PTY/) | $388.1K | 35,248 | 0.3% | 8 |
| PARKER-HANNIFIN CORP | [PH](https://holderbook.com/stocks/PH/) | $387.9K | 406 | 0.3% | 8 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +16.0% | +14.8% | +1.1% | 100% |
| Q1 2026 | -3.8% | -4.6% | +0.8% | 100% |
| Q4 2025 | +1.7% | +2.4% | -0.7% | 100% |
| Q3 2025 | +6.4% | +7.8% | -1.4% | 100% |
| Q2 2025 | +11.6% | +10.5% | +1.2% | 100% |
| Q1 2025 | -5.3% | -4.6% | -0.7% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2026 | $149.9M | 150 |
| Q2 2026 | $146.0M | 135 |
| Q1 2026 | $118.4M | 117 |
| Q4 2025 | $120.6M | 113 |
| Q3 2025 | $122.0M | 111 |
| Q2 2025 | $120.3M | 108 |
| Q1 2025 | $113.8M | 101 |
| Q4 2024 | $117.3M | 90 |