Instuitional Investor - Elm Partners Management Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Vanguard Index Fds		844,068	$256,537,654	14.89%
2.	Vanguard Intl Equity Index Funds	VWO	3,764,989	$186,216,365	10.81%
3.	Series Portfolios Tr		6,247,791	$161,755,320	9.39%
4.	Vanguard Intl Equity Index Funds	VWO	1,837,617	$142,415,351	8.27%
5.	Ishares Tr		1,260,139	$126,883,401	7.37%