Element Squared LLC — 13F Holdings & Portfolio
CIK 2086643 · latest 13F-HR filed 2026-07-28
Element Squared LLC manages $201.0M in 13F-reported U.S. long-equity assets across 49 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are NMAR (20.73%), RSP (13.90%), SPY (9.45%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 18 new positions and exited 11; 19 existing positions rose in reported value and 7 fell.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
Long-equity book
Distinct positions
Filed 2026-07-28
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q2 26Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q1 26 → Q2 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
3 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 62%Cumulative share of the portfolio held in the largest N positions.
As of the firm’s regulatory filing dated Sep 15, 2026.
SUITE 2900
MINNEAPOLIS, MN 55402
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| SWEETMAN, DREW, M Control | MANAGING MEMBER/CHIEF COMPLIANCE OFFICER since Aug 2020 | 75% or more | Individual |
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- INVESCO EXCHANGE TRADED FD T$9.3M +50.3%
- STATE STR SPDR S&P 500 ETF T$2.9M +18.3%
- INNOVATOR ETFS TRUST$2.8M +7.1%
- ALPHABET INC$1.6M +76.1%
- AMPHENOL CORP$964.6K +45.0%
Top Trims
- INVESCO QQQ TR-$3.6M -28.5%
- NVIDIA CORPORATION-$2.9M -28.9%
- CELESTICA INC-$1.1M -48.4%
- META PLATFORMS INC-$888.6K -43.3%
- REGENERON PHARMACEUTICALS-$346.6K -15.3%
New Positions
- MICROSOFT CORP$3.2M
- INNOVATOR ETFS TRUST$3.1M
- ARISTA NETWORKS INC$2.9M
- MARSH & MCLENNAN COS INC$2.6M
- NEUROCRINE BIOSCIENCES INC$2.6M
Exited Positions
- PETROLEO BRASILEIRO S A$2.5M
- AMERICA MOVIL SAB DE CV$2.4M
- TE CONNECTIVITY PLC$2.3M
- ADVANCED MICRO DEVICES INC$2.2M
- AGNICO EAGLE MINES LTD$2.2M
Element Squared LLC Holdings (2026-06-30)
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | INNOVATOR ETFS TRUST | NMAR | 45784N767 | $41.7M | 20.73% | 1,293,733 | SH |
| 2 | INVESCO EXCHANGE TRADED FD T | RSP | 46137V357 | $27.9M | 13.90% | 131,270 | SH |
| 3 | STATE STR SPDR S&P 500 ETF T | SPY | 78462F103 | $19.0M | 9.45% | 25,435 | SH |
| 4 | INVESCO QQQ TR | QQQ | 46090E103 | $9.1M | 4.54% | 12,405 | SH |
| 5 | NVIDIA CORPORATION | NVDA | 67066G104 | $7.2M | 3.58% | 35,946 | SH |
| 6 | INNOVATOR ETFS TRUST | NOCT | 45782C615 | $6.6M | 3.28% | 105,583 | SH |
| 7 | ALPHABET INC | GOOG | 02079K107 | $3.8M | 1.88% | 10,706 | SH |
| 8 | MICROSOFT CORP | MSFT | 594918104 | $3.2M | 1.59% | 8,590 | SH |
| 9 | AMPHENOL CORP | APH | 032095101 | $3.1M | 1.55% | 17,636 | SH |
| 10 | INNOVATOR ETFS TRUST | NJUN | 45783Y269 | $3.1M | 1.52% | 92,876 | SH |
| 11 | ARISTA NETWORKS INC | ANET | 040413205 | $2.9M | 1.43% | 16,919 | SH |
| 12 | TAIWAN SEMICONDUCTOR MANUFAC | TSM | 874039100 | $2.9M | 1.42% | 5,990 | SH |
| 13 | INCYTE CORP | INCY | 45337C102 | $2.8M | 1.40% | 24,786 | SH |
| 14 | INTERACTIVE BROKERS GROUP IN | IBKR | 45841N107 | $2.8M | 1.40% | 32,278 | SH |
| 15 | APPLE INC | AAPL | 037833100 | $2.7M | 1.34% | 9,296 | SH |
| 16 | EXPEDIA GROUP INC | EXPE | 30212P303 | $2.6M | 1.30% | 10,199 | SH |
| 17 | AMERICAN EXPRESS CO | AXP | 025816109 | $2.6M | 1.29% | 7,648 | SH |
| 18 | EVERCORE INC | EVR | 29977A105 | $2.6M | 1.29% | 7,566 | SH |
| 19 | MARSH & MCLENNAN COS INC | MRSH | 571748102 | $2.6M | 1.27% | 15,375 | SH |
| 20 | NEUROCRINE BIOSCIENCES INC | NBIX | 64125C109 | $2.6M | 1.27% | 15,167 | SH |
| 21 | INNOVATOR ETFS TRUST | NNOV | 45784N874 | $2.5M | 1.27% | 81,081 | SH |
| 22 | FERGUSON ENTERPRISES INC | FERG | 31488V107 | $2.5M | 1.27% | 10,742 | SH |
| 23 | SERVICENOW INC | NOW | 81762P102 | $2.5M | 1.25% | 25,359 | SH |
| 24 | BROADCOM INC | AVGO | 11135F101 | $2.5M | 1.25% | 6,663 | SH |
| 25 | LEGENCE CORP | LGN | 52476L109 | $2.5M | 1.22% | 28,832 | SH |
| 26 | GILEAD SCIENCES INC | GILD | 375558103 | $2.4M | 1.22% | 19,358 | SH |
| 27 | VANGUARD INDEX FDS | VUG | 922908736 | $2.4M | 1.18% | 27,611 | SH |
| 28 | UNITED THERAPEUTICS CORP DEL | UTHR | 91307C102 | $2.4M | 1.17% | 4,349 | SH |
| 29 | REALTY INCOME CORP | O | 756109104 | $2.3M | 1.16% | 37,542 | SH |
| 30 | VANECK ETF TRUST | MOAT | 92189F643 | $2.3M | 1.13% | 21,775 | SH |
| 31 | APPLIED MATLS INC | AMAT | 038222105 | $2.2M | 1.09% | 3,028 | SH |
| 32 | FIRST SOLAR INC | FSLR | 336433107 | $2.2M | 1.08% | 9,234 | SH |
| 33 | REGENERON PHARMACEUTICALS | REGN | 75886F107 | $1.9M | 0.96% | 3,083 | SH |
| 34 | INNOVATOR ETFS TRUST | PMAY | 45782C318 | $1.9M | 0.94% | 45,945 | SH |
| 35 | INNOVATOR ETFS TRUST | PJAN | 45782C508 | $1.9M | 0.93% | 37,821 | SH |
| 36 | ELI LILLY & CO | LLY | 532457108 | $1.8M | 0.88% | 1,480 | SH |
| 37 | UNITED AIRLS HLDGS INC | UAL | 910047109 | $1.5M | 0.73% | 10,803 | SH |
| 38 | INNOVATOR ETFS TRUST | NMAY | 45784N676 | $1.5M | 0.73% | 49,518 | SH |
| 39 | COPT DEFENSE PROPERTIES | CDP | 22002T108 | $1.4M | 0.69% | 37,872 | SH |
| 40 | MASTEC INC | MTZ | 576323109 | $1.3M | 0.65% | 3,150 | SH |
| 41 | SUPER GROUP SGHC LIMITED | SGHC | G8588X103 | $1.2M | 0.62% | 91,693 | SH |
| 42 | INNOVATOR ETFS TRUST | NFEB | 45784N791 | $1.2M | 0.60% | 39,658 | SH |
| 43 | VERTIV HOLDINGS CO | VRT | 92537N108 | $1.2M | 0.60% | 3,585 | SH |
| 44 | META PLATFORMS INC | META | 30303M102 | $1.2M | 0.58% | 2,064 | SH |
| 45 | CELESTICA INC | CLS | 15101Q207 | $1.2M | 0.58% | 3,184 | SH |
| 46 | ZEVRA THERAPEUTICS INC | ZVRA | 488445206 | $664.5K | 0.33% | 46,336 | SH |
| 47 | LAM RESEARCH CORP | LRCX | 512807306 | $478.5K | 0.24% | 1,104 | SH |
| 48 | INNOVATOR ETFS TRUST | NJAN | 45782C466 | $243.8K | 0.12% | 4,131 | SH |
| 49 | 3M CO | MMM | 88579Y101 | $206.4K | 0.10% | 1,275 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-07-28 | $201.0M | 49 | 0002086643-26-000003 |
| 2026-03-31 | 2026-04-23 | $177.3M | 42 | 0002086643-26-000002 |
| 2025-12-31 | 2026-01-20 | $184.3M | 49 | 0002086643-26-000001 |
MINNEAPOLIS, MN 55402