# 10Elms LLP

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2056650. Source: https://holderbook.com/funds/2056650-10elms-llp/

- Reported value: $236.3M
- Positions: 526
- Weight of the ten largest: 40.4%
- Filed: 2026-08-14

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 |
|---|---|---|---|---|---|
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $25.6M | 265,471 | 10.8% | 7 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $12.3M | 64,504 | 5.2% | 7 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $9.6M | 116,248 | 4.1% | 7 |
| ISHARES TR | [USMV](https://holderbook.com/stocks/USMV/) | $9.3M | 96,403 | 3.9% | 7 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $7.6M | 35,821 | 3.2% | 7 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $7.6M | 102,899 | 3.2% | 7 |
| ISHARES TR | [QUAL](https://holderbook.com/stocks/QUAL/) | $6.7M | 30,491 | 2.8% | 7 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $5.9M | 7,894 | 2.5% | 7 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $5.6M | 35,447 | 2.4% | 7 |
| ISHARES TR | [MTUM](https://holderbook.com/stocks/MTUM/) | $5.2M | 15,052 | 2.2% | 7 |
| ISHARES TR | [IBDR](https://holderbook.com/stocks/IBDR/) | $4.9M | 203,963 | 2.1% | 7 |
| ISHARES TR | [IBDT](https://holderbook.com/stocks/IBDT/) | $4.9M | 195,400 | 2.1% | 7 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $4.8M | 89,034 | 2.0% | 7 |
| ISHARES TR | [IBDU](https://holderbook.com/stocks/IBDU/) | $4.6M | 199,139 | 2.0% | 7 |
| ISHARES TR | [IBDS](https://holderbook.com/stocks/IBDS/) | $4.5M | 183,989 | 1.9% | 7 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $4.4M | 137,593 | 1.8% | 7 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $4.4M | 23,507 | 1.8% | 7 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $4.0M | 16,843 | 1.7% | 7 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $3.8M | 12,684 | 1.6% | 7 |
| VANGUARD CHARLOTTE FDS | [BNDX](https://holderbook.com/stocks/BNDX/) | $3.8M | 77,601 | 1.6% | 7 |
| SCHWAB STRATEGIC TR | [FNDA](https://holderbook.com/stocks/FNDA/) | $3.7M | 96,609 | 1.6% | 7 |
| VANGUARD WHITEHALL FDS | [VYMI](https://holderbook.com/stocks/VYMI/) | $3.5M | 35,294 | 1.5% | 7 |
| SPDR SERIES TRUST | [FLRN](https://holderbook.com/stocks/FLRN/) | $3.4M | 111,271 | 1.5% | 7 |
| ISHARES TR | [IBDV](https://holderbook.com/stocks/IBDV/) | $3.1M | 143,793 | 1.3% | 7 |
| SELECT SECTOR SPDR TR | [XLY](https://holderbook.com/stocks/XLY/) | $3.1M | 26,332 | 1.3% | 7 |
| ISHARES TR | [SOXX](https://holderbook.com/stocks/SOXX/) | $3.0M | 4,613 | 1.3% | 7 |
| SELECT SECTOR SPDR TR | [XLC](https://holderbook.com/stocks/XLC/) | $2.9M | 26,906 | 1.2% | 7 |
| ISHARES TR | [USIG](https://holderbook.com/stocks/USIG/) | $2.8M | 53,929 | 1.2% | 7 |
| ISHARES TR | [VLUE](https://holderbook.com/stocks/VLUE/) | $2.7M | 13,727 | 1.2% | 7 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $2.5M | 2,364 | 1.1% | 7 |
| ISHARES TR | [IBDW](https://holderbook.com/stocks/IBDW/) | $2.3M | 111,263 | 1.0% | 7 |
| SELECT SECTOR SPDR TR | [XLP](https://holderbook.com/stocks/XLP/) | $2.0M | 24,605 | 0.9% | 7 |
| ISHARES TR | [IBHF](https://holderbook.com/stocks/IBHF/) | $1.8M | 81,664 | 0.8% | 7 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $1.7M | 4,604 | 0.7% | 7 |
| ISHARES TR | [IBDX](https://holderbook.com/stocks/IBDX/) | $1.6M | 64,472 | 0.7% | 6 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $1.5M | 2,009 | 0.6% | 7 |
| ISHARES TR | [EMB](https://holderbook.com/stocks/EMB/) | $1.5M | 15,493 | 0.6% | 7 |
| PIMCO ETF TR | [MINT](https://holderbook.com/stocks/MINT/) | $1.2M | 11,788 | 0.5% | 2 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $1.2M | 22,089 | 0.5% | 7 |
| INVESCO ACTIVELY MANAGED EXC | [GSY](https://holderbook.com/stocks/GSY/) | $1.2M | 23,372 | 0.5% | 2 |
| SELECT SECTOR SPDR TR | [XLU](https://holderbook.com/stocks/XLU/) | $1.2M | 25,533 | 0.5% | 7 |
| ISHARES INC | [DVYE](https://holderbook.com/stocks/DVYE/) | $1.1M | 34,214 | 0.5% | 7 |
| SELECT SECTOR SPDR TR | [XLB](https://holderbook.com/stocks/XLB/) | $1.1M | 21,550 | 0.5% | 7 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $1.0M | 2,917 | 0.4% | 7 |
| ENTERPRISE PRODS PARTNERS L | [EPD](https://holderbook.com/stocks/EPD/) | $1.0M | 27,695 | 0.4% | 7 |
| SELECT SECTOR SPDR TR | [XLRE](https://holderbook.com/stocks/XLRE/) | $1.0M | 22,889 | 0.4% | 7 |
| ISHARES TR | [IBMR](https://holderbook.com/stocks/IBMR/) | $878.5K | 34,600 | 0.4% | 7 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $842.7K | 10,663 | 0.4% | 2 |
| ISHARES TR | [ITA](https://holderbook.com/stocks/ITA/) | $838.6K | 3,459 | 0.4% | 7 |
| ISHARES TR | [IBDY](https://holderbook.com/stocks/IBDY/) | $832.1K | 32,320 | 0.4% | 5 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $791.5K | 2,240 | 0.3% | 7 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $730.1K | 3,063 | 0.3% | 7 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $725.1K | 8,658 | 0.3% | 7 |
| ISHARES TR | [IBMQ](https://holderbook.com/stocks/IBMQ/) | $717.8K | 28,060 | 0.3% | 7 |
| ISHARES TR | [IBMP](https://holderbook.com/stocks/IBMP/) | $716.7K | 28,194 | 0.3% | 7 |
| ISHARES TR | [TIP](https://holderbook.com/stocks/TIP/) | $659.0K | 6,022 | 0.3% | 7 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $646.8K | 1,976 | 0.3% | 7 |
| ALPS ETF TR | [ENFR](https://holderbook.com/stocks/ENFR/) | $637.9K | 16,742 | 0.3% | 7 |
| ISHARES TR | [IBMO](https://holderbook.com/stocks/IBMO/) | $630.6K | 24,594 | 0.3% | 7 |
| ISHARES TR | [LQD](https://holderbook.com/stocks/LQD/) | $614.9K | 5,638 | 0.3% | 7 |
| ALLIANCEBERNSTEIN HLDG L P | [AB](https://holderbook.com/stocks/AB/) | $547.8K | 15,553 | 0.2% | 7 |
| GLOBAL X FDS | [PFFD](https://holderbook.com/stocks/PFFD/) | $543.7K | 29,092 | 0.2% | 3 |
| BLACKSTONE INC | [BX](https://holderbook.com/stocks/BX/) | $539.4K | 4,584 | 0.2% | 7 |
| FIRST TR EXCHANGE-TRADED FD | [EMLP](https://holderbook.com/stocks/EMLP/) | $536.9K | 12,343 | 0.2% | 7 |
| BANK OF AMER CORP | [BACPRL](https://holderbook.com/stocks/BACPRL/) | $523.1K | 417 | 0.2% | 7 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $474.5K | 6,660 | 0.2% | 1 |
| ISHARES TR | [IHAK](https://holderbook.com/stocks/IHAK/) | $437.6K | 7,207 | 0.2% | 7 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $432.3K | 864 | 0.2% | 7 |
| INVESCO EXCH TRADED FD TR II | [SPLV](https://holderbook.com/stocks/SPLV/) | $421.3K | 5,624 | 0.2% | 7 |
| ISHARES TR | [HYG](https://holderbook.com/stocks/HYG/) | $418.0K | 5,227 | 0.2% | 7 |
| PHILLIPS 66 | [PSX](https://holderbook.com/stocks/PSX/) | $395.1K | 2,337 | 0.2% | 7 |
| ISHARES TR | [IBDZ](https://holderbook.com/stocks/IBDZ/) | $394.7K | 15,150 | 0.2% | 4 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $390.8K | 2,115 | 0.2% | 7 |
| VANGUARD SCOTTSDALE FDS | [VGSH](https://holderbook.com/stocks/VGSH/) | $388.4K | 6,673 | 0.2% | 1 |
| ISHARES TR | [IBB](https://holderbook.com/stocks/IBB/) | $385.1K | 2,025 | 0.2% | 7 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $380.3K | 1,019 | 0.2% | 7 |
| ALPS ETF TR | [DTEC](https://holderbook.com/stocks/DTEC/) | $378.5K | 7,860 | 0.2% | 7 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $371.3K | 3,450 | 0.2% | 7 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $356.8K | 1,783 | 0.2% | 7 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $353.8K | 4,281 | 0.1% | 7 |
| NORTH TEX TWY AUTH  4 39TOLL TRAN   DUE 01/01/39 | - | $350.0K | 350,000 | 0.1% | 7 |
| INVESCO EXCHANGE TRADED FD T | [SPHQ](https://holderbook.com/stocks/SPHQ/) | $347.8K | 3,860 | 0.1% | 7 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $346.0K | 916 | 0.1% | 7 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $327.6K | 1,132 | 0.1% | 7 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $326.8K | 3,302 | 0.1% | 2 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $313.0K | 864 | 0.1% | 2 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $300.3K | 1,183 | 0.1% | 7 |
| BWX TECHNOLOGIES INC | [BWXT](https://holderbook.com/stocks/BWXT/) | $293.1K | 1,506 | 0.1% | 7 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $275.6K | 2,036 | 0.1% | 7 |
| WILLIAMS COS INC | [WMB](https://holderbook.com/stocks/WMB/) | $264.8K | 3,562 | 0.1% | 7 |
| KKR & CO INC | [KKR](https://holderbook.com/stocks/KKR/) | $257.3K | 2,803 | 0.1% | 7 |
| AUSTIN TEX CMNTY CO 4 35COLL EDUC   DUE 08/01/35XTRO | - | $251.2K | 250,000 | 0.1% | 7 |
| BURLESON TEX WTR &  4 30WRSR UTIL   DUE 03/01/30 | - | $250.0K | 250,000 | 0.1% | 7 |
| NEW YORK ST DORM AU 5 45UNIV EDUC   DUE 07/01/45 | - | $250.0K | 250,000 | 0.1% | 7 |
| FIRST TR EXCHNG TRADED FD VI | [BUFR](https://holderbook.com/stocks/BUFR/) | $249.9K | 6,842 | 0.1% | 2 |
| KINDER MORGAN INC DEL | [KMI](https://holderbook.com/stocks/KMI/) | $223.1K | 6,978 | 0.1% | 7 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $214.3K | 2,660 | 0.1% | 7 |
| ISHARES TR | [IBMS](https://holderbook.com/stocks/IBMS/) | $202.3K | 7,820 | 0.1% | 7 |
| SEDGWICK CNTY KANS  4 29FAC BLDG    DUE 08/01/29 | - | $200.2K | 200,000 | 0.1% | 7 |
| Gamco Invest  5.375 PFD PFD Ser A | [BCVPRA](https://holderbook.com/stocks/BCVPRA/) | $183.0K | 8,791 | 0.1% | 7 |

## 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 | +11.0% | +14.8% | -3.8% | 88% |
| Q1 2026 | -0.3% | -4.6% | +4.3% | 86% |
| Q4 2025 | +1.9% | +2.4% | -0.5% | 84% |
| Q3 2025 | +5.3% | +7.8% | -2.5% | 83% |
| Q2 2025 | +6.1% | +10.5% | -4.3% | 82% |
| Q1 2025 | -0.2% | -4.6% | +4.4% | 80% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $236.3M | 526 |
| Q1 2026 | $158.5M | 480 |
| Q4 2025 | $109.0M | 467 |
| Q3 2025 | $111.2M | 497 |
| Q2 2025 | $105.0M | 503 |
| Q1 2025 | $99.5M | 526 |
| Q4 2024 | $96.8M | 519 |