13F HOLDINGS REPORT

Elmwood Wealth Management, Inc.

Quarter ended Q4 2025 · Filed January 8, 2026 · Accession 0001731927-26-000001

Total Value

$316.6M

Positions

174

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (174)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	VANGUARD TAX-MANAGED FDS	921943858	150,662	$9.4M	2.97%
2	APPLE INC	AAPL	33,841	$9.2M	2.91%
3	ISHARES TR	46434V860	170,699	$8.6M	2.72%
4	BLACKROCK ETF TRUST II	BLK	164,258	$8.3M	2.62%
5	J P MORGAN EXCHANGE TRADED F	46641Q654	154,332	$7.9M	2.48%
6	J P MORGAN EXCHANGE TRADED F	46641Q837	143,812	$7.3M	2.30%
7	INNOVATOR ETFS TRUST	INHD	91,581	$7.0M	2.21%
8	ISHARES TR	464288158	62,958	$6.7M	2.12%
9	NVIDIA CORPORATION	NVDA	35,206	$6.6M	2.07%
10	AMPLIFY ETF TR	032108722	169,383	$6.5M	2.05%
11	SSGA ACTIVE ETF TR	78467V848	157,623	$6.3M	2.00%
12	ISHARES TR	46432F842	70,468	$6.3M	1.99%
13	FIRST TR EXCHANGE TRADED FD	33738R704	58,203	$5.7M	1.81%
14	ALPHABET INC	GOOG	17,287	$5.4M	1.71%
15	VANGUARD SCOTTSDALE FDS	92206C102	88,198	$5.2M	1.64%
16	INNOVATOR ETFS TRUST	INHD	125,048	$4.9M	1.55%
17	ALPHABET INC	GOOG	15,335	$4.8M	1.52%
18	WISDOMTREE TR	WT	93,613	$4.7M	1.49%
19	SCHWAB STRATEGIC TR	808524201	174,493	$4.7M	1.48%
20	ISHARES U S ETF TR	46431W838	89,290	$4.5M	1.42%
21	AMAZON COM INC	AMZN	19,146	$4.4M	1.40%
22	BERKSHIRE HATHAWAY INC DEL	BRK-A	8,462	$4.3M	1.34%
23	DIMENSIONAL ETF TRUST	25434V633	82,164	$4.1M	1.30%
24	GOLDMAN SACHS ETF TR	NVGLF	77,923	$4.1M	1.30%
25	ISHARES INC	46434G103	60,849	$4.1M	1.29%
26	INNOVATOR ETFS TRUST	INHD	86,345	$4.1M	1.28%
27	ISHARES TR	464288356	68,040	$3.9M	1.23%
28	J P MORGAN EXCHANGE TRADED F	46641Q852	79,812	$3.9M	1.23%
29	SCHWAB STRATEGIC TR	808524888	83,249	$3.8M	1.20%
30	MICROSOFT CORP	MSFT	7,810	$3.8M	1.19%
31	VANGUARD SPECIALIZED FUNDS	921908844	16,274	$3.6M	1.13%
32	WISDOMTREE TR	WT	120,838	$3.5M	1.11%
33	ISHARES TR	46429B655	67,709	$3.4M	1.09%
34	GOLDMAN SACHS ETF TR	NVGLF	78,162	$3.4M	1.06%
35	INVESCO EXCH TRADED FD TR II	IVZ	137,705	$3.4M	1.06%
36	GOLDMAN SACHS ETF TR	NVGLF	25,304	$3.3M	1.06%
37	VANGUARD MUN BD FDS	922907746	65,380	$3.3M	1.04%
38	MASTERCARD INCORPORATED	MA	5,718	$3.3M	1.03%
39	JPMORGAN CHASE & CO.	VYLD	10,029	$3.2M	1.02%
40	INNOVATOR ETFS TRUST	INHD	71,554	$3.1M	0.99%
41	INVESCO EXCH TRADED FD TR II	IVZ	128,675	$3.1M	0.98%
42	VANGUARD CHARLOTTE FDS	92203J407	63,870	$3.1M	0.97%
43	COSTCO WHSL CORP NEW	22160K105	3,355	$2.9M	0.91%
44	SPDR S&P 500 ETF TR	SPY	4,211	$2.9M	0.91%
45	INNOVATOR ETFS TRUST	INHD	147,395	$2.8M	0.89%
46	INNOVATOR ETFS TRUST	INHD	59,413	$2.8M	0.87%
47	VANGUARD INTL EQUITY INDEX F	922042858	49,483	$2.7M	0.84%
48	ISHARES INC	464286681	23,811	$2.5M	0.78%
49	ISHARES TR	464288273	31,037	$2.4M	0.76%
50	SALESFORCE INC	CRM	7,589	$2.0M	0.64%
51	SSGA ACTIVE ETF TR	78467V707	49,215	$2.0M	0.63%
52	ABBOTT LABS	ABLZF	15,868	$2.0M	0.63%
53	UNITEDHEALTH GROUP INC	UNH	5,662	$1.9M	0.59%
54	SPDR SERIES TRUST	78468R739	38,509	$1.8M	0.58%
55	ROCKWELL AUTOMATION INC	ROK	4,575	$1.8M	0.56%
56	INTUIT	INTU	2,476	$1.6M	0.52%
57	SCHWAB CHARLES CORP	SCHW-PJ	16,364	$1.6M	0.52%
58	TRAVELERS COMPANIES INC	TRV	5,408	$1.6M	0.50%
59	CENCORA INC	COR	4,314	$1.5M	0.46%
60	DISNEY WALT CO	254687106	12,613	$1.4M	0.45%
61	VISA INC	V	4,060	$1.4M	0.45%
62	SCHWAB STRATEGIC TR	808524607	49,962	$1.4M	0.45%
63	DANAHER CORPORATION	235851102	6,205	$1.4M	0.45%
64	SPDR SERIES TRUST	78468R663	15,510	$1.4M	0.45%
65	PEPSICO INC	PEP	9,271	$1.3M	0.42%
66	ISHARES TR	464288257	9,306	$1.3M	0.42%
67	ISHARES TR	464288414	12,215	$1.3M	0.41%
68	MICROCHIP TECHNOLOGY INC.	MCHPP	20,511	$1.3M	0.41%
69	UNION PAC CORP	UNP	5,560	$1.3M	0.41%
70	INNOVATOR ETFS TRUST	INHD	38,829	$1.2M	0.39%
71	JOHNSON & JOHNSON	JNJ	5,782	$1.2M	0.38%
72	INVESCO EXCHANGE TRADED FD T	IVZ	6,245	$1.2M	0.38%
73	PROCTER AND GAMBLE CO	742718109	8,337	$1.2M	0.38%
74	SELECT SECTOR SPDR TR	81369Y704	7,617	$1.2M	0.37%
75	DIMENSIONAL ETF TRUST	25434V807	23,442	$1.2M	0.37%
76	ECOLAB INC	ECL	4,265	$1.1M	0.35%
77	PROSHARES TR	74347R248	13,881	$1.1M	0.35%
78	MARSH & MCLENNAN COS INC	571748102	5,867	$1.1M	0.34%
79	INVESCO EXCHANGE TRADED FD T	IVZ	23,391	$1.1M	0.34%
80	SELECT SECTOR SPDR TR	81369Y803	7,271	$1.0M	0.33%
81	GOLDMAN SACHS ETF TR	NVGLF	25,050	$1.0M	0.33%
82	DOMINION ENERGY INC	D	17,439	$1.0M	0.32%
83	SCHWAB STRATEGIC TR	808524797	36,548	$1.0M	0.32%
84	TESLA INC	TSLA	2,143	$963,750	0.30%
85	ISHARES TR	464287598	4,507	$948,003	0.30%
86	SCHWAB STRATEGIC TR	808524862	38,000	$926,060	0.29%
87	HONEYWELL INTL INC	438516106	4,639	$905,015	0.29%
88	SELECT SECTOR SPDR TR	81369Y605	16,507	$904,089	0.29%
89	ELI LILLY & CO	LLY	816	$876,964	0.28%
90	INVESCO EXCH TRADED FD TR II	IVZ	19,613	$865,960	0.27%
91	VANGUARD INDEX FDS	922908769	2,563	$859,459	0.27%
92	VANECK ETF TRUST	92189F536	48,335	$847,361	0.27%
93	TAIWAN SEMICONDUCTOR MFG LTD	874039100	2,661	$808,652	0.26%
94	CITIGROUP INC	C-PR	6,845	$798,744	0.25%
95	EATON CORP PLC	ETN	2,406	$766,265	0.24%
96	VANGUARD INDEX FDS	922908744	3,973	$758,804	0.24%
97	AMPLIFY ETF TR	032108730	26,914	$725,602	0.23%
98	PALO ALTO NETWORKS INC	PANW	3,867	$712,254	0.22%
99	INTELLIA THERAPEUTICS INC	NTLA	77,924	$700,537	0.22%
100	MCCORMICK & CO INC	MKC-V	10,229	$696,722	0.22%
101	NIKE INC	NKE	10,425	$664,180	0.21%
102	FIRST TR EXCHANGE TRADED FD	33738R118	6,809	$659,409	0.21%
103	ACCENTURE PLC IRELAND	ACN	2,417	$648,510	0.20%
104	ISHARES TR	46432F396	2,530	$633,285	0.20%
105	BLACKSTONE INC	BX	4,080	$628,820	0.20%
106	VANGUARD STAR FDS	921909768	8,175	$616,719	0.19%
107	ABBVIE INC	ABBV	2,665	$608,926	0.19%
108	SELECT SECTOR SPDR TR	81369Y209	3,880	$600,587	0.19%
109	INVESCO QQQ TR	IVZ	965	$592,810	0.19%
110	VANGUARD INTL EQUITY INDEX F	922042874	6,959	$581,842	0.18%
111	PHILIP MORRIS INTL INC	718172109	3,518	$564,356	0.18%
112	VANGUARD INTL EQUITY INDEX F	922042742	3,891	$548,865	0.17%
113	CHEVRON CORP NEW	CVX	3,536	$538,984	0.17%
114	RBB FD INC	74933W452	10,315	$514,513	0.16%
115	DIGITAL RLTY TR INC	253868103	3,163	$489,419	0.15%
116	XENON PHARMACEUTICALS INC	XENE	10,757	$482,129	0.15%
117	NOVARTIS AG	NVSEF	3,340	$460,486	0.15%
118	PGIM ETF TR	69344A107	8,936	$443,137	0.14%
119	MERCK & CO INC	MRK	4,127	$434,409	0.14%
120	AMERICAN TOWER CORP NEW	03027X100	2,465	$432,812	0.14%
121	GOLDMAN SACHS ETF TR	NVGLF	8,485	$428,238	0.14%
122	VANGUARD INDEX FDS	922908363	657	$412,157	0.13%
123	SPDR INDEX SHS FDS	78463X889	9,160	$406,796	0.13%
124	STARBUCKS CORP	SBUX	4,762	$401,030	0.13%
125	INVESCO EXCHANGE TRADED FD T	IVZ	8,436	$395,830	0.13%
126	INVESCO EXCHANGE TRADED FD T	IVZ	12,126	$386,201	0.12%
127	VANGUARD BD INDEX FDS	921937827	4,893	$385,579	0.12%
128	BROADCOM INC	AVGO	1,098	$380,018	0.12%
129	ALPS ETF TR	00162Q387	6,508	$375,529	0.12%
130	UNITED RENTALS INC	URI	456	$369,050	0.12%
131	RTX CORPORATION	RTX	2,002	$367,167	0.12%
132	META PLATFORMS INC	META	544	$359,089	0.11%
133	VANGUARD INTL EQUITY INDEX F	922042775	4,837	$355,794	0.11%
134	SOUTHERN CO	SOMN	4,000	$348,800	0.11%
135	SCHWAB STRATEGIC TR	808524508	11,446	$344,178	0.11%
136	THERMO FISHER SCIENTIFIC INC	TMO	566	$327,969	0.10%
137	PFIZER INC	PFE	13,110	$326,439	0.10%
138	NORFOLK SOUTHN CORP	655844108	1,130	$326,254	0.10%
139	INTERNATIONAL BUSINESS MACHS	INTR	1,092	$323,462	0.10%
140	VANGUARD INDEX FDS	922908751	1,251	$322,610	0.10%
141	INNOVATOR ETFS TRUST	INHD	7,300	$315,725	0.10%
142	ISHARES TR	46436E767	5,322	$306,441	0.10%
143	AMERICAN EXPRESS CO	AXP	820	$303,359	0.10%
144	DUKE ENERGY CORP NEW	DUKB	2,573	$301,615	0.10%
145	INNOVATOR ETFS TRUST	INHD	6,950	$291,066	0.09%
146	VANECK ETF TRUST	92189F643	2,763	$286,137	0.09%
147	INNOVATOR ETFS TRUST	INHD	8,450	$284,512	0.09%
148	VANGUARD WHITEHALL FDS	921946406	1,971	$282,878	0.09%
149	ISHARES TR	464287655	1,129	$277,915	0.09%
150	FIDELITY COVINGTON TRUST	316092873	3,787	$277,512	0.09%
151	PALANTIR TECHNOLOGIES INC	PLTR	1,525	$271,069	0.09%
152	BANK AMERICA CORP	060505104	4,906	$269,837	0.09%
153	ALTRIA GROUP INC	MO	4,655	$268,408	0.08%
154	ISHARES TR	464288570	2,074	$267,250	0.08%
155	NVIDIA CORPORATION	NVDA	1,384	$258,116	0.08%
156	BRISTOL-MYERS SQUIBB CO	CELG-RI	4,776	$257,618	0.08%
157	THE CIGNA GROUP	125523100	919	$252,937	0.08%
158	ISHARES TR	464287457	2,877	$238,237	0.08%
159	INNOVATOR ETFS TRUST	INHD	6,700	$224,517	0.07%
160	VERIZON COMMUNICATIONS INC	VZ	5,441	$221,612	0.07%
161	MICROSOFT CORP	MSFT	449	$217,146	0.07%
162	APPLE INC	AAPL	797	$216,673	0.07%
163	INNOVATOR ETFS TRUST	INHD	5,000	$216,300	0.07%
164	SELECT SECTOR SPDR TR	81369Y506	4,829	$215,899	0.07%
165	SELECT SECTOR SPDR TR	81369Y407	1,792	$213,983	0.07%
166	INNOVATOR ETFS TRUST	INHD	7,800	$213,408	0.07%
167	VANGUARD WORLD FD	92204A884	1,082	$209,508	0.07%
168	VANGUARD INTL EQUITY INDEX F	922042718	1,429	$204,819	0.06%
169	VANGUARD MUN BD FDS	922907696	2,669	$204,081	0.06%
170	MCDONALDS CORP	MCD	665	$203,244	0.06%
171	INNOVATOR ETFS TRUST	INHD	10,532	$201,886	0.06%
172	WIPRO LTD	WIT	22,183	$63,000	0.02%
173	GERON CORP	GERN	28,200	$37,224	0.01%
174	CODEXIS INC	CDXS	21,695	$35,363	0.01%