Top Institutional Investors

Element Squared LLC — 13F Holdings & Portfolio

CIK 2086643 · latest 13F-HR filed 2026-07-28

Backtest portfolio

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, exited 11, added to 19, and trimmed 7.

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.

Filer Information
Address
60 SOUTH 6TH ST SUITE #2900
MINNEAPOLIS, MN 55402
Phone
(612) 325-5920
Filing Manager
Element Squared LLC
MINNEAPOLIS, MN
Signatory
Taylor Lowery
Compliance Consultant
Loading holdings…
AUM

$201.0M

Long-equity book

Holdings

49

Distinct positions

Period

2026-06-30

Filed 2026-07-28

Q/Q Activity

+18 / −11 / ↑19 / ↓7

vs 2026-03-31

Firm Profile & Key People
Name Title / Status Ownership Type

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%
Show all 19 →

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%
Show all 7 →

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
Show all 18 →

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
Show all 11 →
All Holdings

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
Filing History
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