Element Squared LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 28, 2026), Element Squared LLC reported 49 stock positions worth $201.0 million. Its top holding was Innovator GRW-100 PB ETF Mar (NMAR) at 20.7% of the portfolio, followed by Invesco S&P 500 Equal Weight (RSP, 13.9%) and SS SPDR S&P 500 ETF Trust-US (SPY, 9.4%). Compared with Q1 2026, it opened 18 new positions, sold out of 11, added to 12 and reduced 14. The biggest buy was Invesco S&P 500 Equal Weight (RSP, shares +36%) and the biggest sale Invesco QQQ Trust Series 1 (QQQ, shares −44%).
- Most Recent 13F
- Q2 2026
- Location
- MINNEAPOLIS, MN
- CIK
- 0002086643
- Portfolio Value
- $201.0M (Q2 2026)
- SEC Filing
- 0002086643-26-000003 ↗ filed Jul 28, 2026
Holdings Value
Holdings 49 stocks · $201.0M
| NMAR Innovator GRW-100 PB ETF Mar | 20.73% | 1,293,733 | $41.7M | Reduce -2.3% |
| RSP Invesco S&P 500 Equal Weight | 13.90% | 131,270 | $27.9M | Add +35.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 9.45% | 25,435 | $19.0M | Add +3.0% |
| QQQ Invesco QQQ Trust Series 1 | 4.54% | 12,405 | $9.1M | Reduce -44.0% |
| NVDA Nvidia Corp. | 3.58% | 35,946 | $7.2M | Reduce -38.0% |
| NOCT Innovator Growth-100 Power B | 3.28% | 105,583 | $6.6M | Reduce -13.7% |
| GOOG Alphabet Inc. Class C | 1.88% | 10,706 | $3.8M | Add +43.0% |
| MSFT Microsoft Corp. | 1.59% | 8,590 | $3.2M | New |
| APH Amphenol Corp. Class A | 1.55% | 17,636 | $3.1M | Add +3.9% |
| NJUN Innovator G-100 P B ETF - Ju | 1.52% | 92,876 | $3.1M | New |
| ANET Arista Networks Inc. | 1.43% | 16,919 | $2.9M | New |
| TSM Taiwan Semiconductor-SP ADR | 1.42% | 5,990 | $2.9M | Reduce -7.0% |
| INCY Incyte Corp. | 1.40% | 24,786 | $2.8M | Add +3.5% |
| IBKR Interactive Brokers Gro Class A | 1.40% | 32,278 | $2.8M | Add +1.8% |
| AAPL Apple Inc. | 1.34% | 9,296 | $2.7M | Add +2.3% |
| EXPE Expedia Group Inc. | 1.30% | 10,199 | $2.6M | Add +3.6% |
| AXP American Express Co. | 1.29% | 7,648 | $2.6M | Add +3.5% |
| EVR Evercore Inc. Class A | 1.29% | 7,566 | $2.6M | Reduce -4.2% |
| MRSH Marsh & McLennan Cos | 1.27% | 15,375 | $2.6M | New |
| NBIX Neurocrine Biosciences Inc. | 1.27% | 15,167 | $2.6M | New |
| NNOV Innovator G-100 PB ETF - Nov | 1.27% | 81,081 | $2.5M | Reduce -2.2% |
| FERG Ferguson Enterprises Inc. | 1.27% | 10,742 | $2.5M | New |
| NOW ServiceNow Inc. | 1.25% | 25,359 | $2.5M | New |
| AVGO Broadcom Inc. | 1.25% | 6,663 | $2.5M | New |
| LGN Legence Corp. Class A | 1.22% | 28,832 | $2.5M | New |
| GILD Gilead Sciences Inc. | 1.22% | 19,358 | $2.4M | New |
| VUG Vanguard Mrngstar GR ETF-Sui | 1.18% | 27,611 | $2.4M | Reduce -2.6% |
| UTHR United Therapeutics Corp. | 1.17% | 4,349 | $2.4M | Add +2.6% |
| O Realty Income Corp. | 1.16% | 37,542 | $2.3M | Add +5.0% |
| MOAT Vaneck Morningstar Wide Moat | 1.13% | 21,775 | $2.3M | Reduce -2.6% |
| AMAT Applied Materials Inc. | 1.09% | 3,028 | $2.2M | Reduce -51.6% |
| FSLR First Solar Inc. | 1.08% | 9,234 | $2.2M | Reduce -18.7% |
| REGN Regeneron Pharmaceuticals | 0.96% | 3,083 | $1.9M | Add +5.0% |
| PMAY Innovator U.S. Equity Power | 0.94% | 45,945 | $1.9M | No change |
| PJAN Innovator U.S. Equity Power | 0.93% | 37,821 | $1.9M | No change |
| LLY Eli Lilly & Co. | 0.88% | 1,480 | $1.8M | Reduce -35.4% |
| UAL United Airlines Holdings Inc. | 0.73% | 10,803 | $1.5M | New |
| NMAY Innovator GRW-100 PB ETF May | 0.73% | 49,518 | $1.5M | New |
| CDP Copt Defense Properties | 0.69% | 37,872 | $1.4M | New |
| MTZ Mastec Inc. | 0.65% | 3,150 | $1.3M | New |
| SGHC Super Group SGHC Ltd. | 0.62% | 91,693 | $1.2M | New |
| NFEB Innov GRW-100 Por Bu ETF - F | 0.60% | 39,658 | $1.2M | No change |
| VRT Vertiv Holdings Co. Class A | 0.60% | 3,585 | $1.2M | New |
| META Meta Platforms Inc. Class A | 0.58% | 2,064 | $1.2M | Reduce -42.4% |
| CLS Celestica Inc. | 0.58% | 3,184 | $1.2M | Reduce -60.2% |
| ZVRA Zevra Therapeutics Inc. | 0.33% | 46,336 | $664K | New |
| LRCX Lam Research Corp. | 0.24% | 1,104 | $478K | No change |
| NJAN Innovator Growth 100 Power B | 0.12% | 4,131 | $244K | No change |
| MMM 3M Co. | 0.10% | 1,275 | $206K | New |
Portfolio Sells Q1 2026 → Q2 2026
| QQQ Invesco QQQ Trust Series 1 | Reduce -44.0% | 4.54% | −2.66 |
| NVDA Nvidia Corp. | Reduce -38.0% | 3.58% | −2.13 |
| PBR Petroleo Brasileiro-Spon ADR | Sold out | 0.00% | −1.41 |
| AMX America Movil Sab DE CV | Sold out | 0.00% | −1.34 |
| TEL Te Connectivity PLC | Sold out | 0.00% | −1.27 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −1.27 |
| AEM Agnico Eagle Mines Ltd. | Sold out | 0.00% | −1.25 |
| NEM Newmont Corp. | Sold out | 0.00% | −1.25 |
| CBOE Cboe Global Markets Inc. | Sold out | 0.00% | −1.25 |
| SHOP Shopify Inc. Class A | Sold out | 0.00% | −1.23 |
| SCHW Schwab (charles) Corp. | Sold out | 0.00% | −1.23 |
| NMAR Innovator GRW-100 PB ETF Mar | Reduce -2.3% | 20.73% | −1.21 |
| RYAAY Ryanair Holdings PLC-SP ADR | Sold out | 0.00% | −1.18 |
| RMBS Rambus Inc. | Sold out | 0.00% | −1.14 |
| CLS Celestica Inc. | Reduce -60.2% | 0.58% | −0.69 |
| NOCT Innovator Growth-100 Power B | Reduce -13.7% | 3.28% | −0.60 |
| META Meta Platforms Inc. Class A | Reduce -42.4% | 0.58% | −0.58 |
| LLY Eli Lilly & Co. | Reduce -35.4% | 0.88% | −0.31 |
| FSLR First Solar Inc. | Reduce -18.7% | 1.08% | −0.18 |
| AMAT Applied Materials Inc. | Reduce -51.6% | 1.09% | −0.12 |
| MOAT Vaneck Morningstar Wide Moat | Reduce -2.6% | 1.13% | −0.09 |
| EVR Evercore Inc. Class A | Reduce -4.2% | 1.29% | −0.04 |
| NNOV Innovator G-100 PB ETF - Nov | Reduce -2.2% | 1.27% | −0.03 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -2.6% | 1.18% | +0.02 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -7.0% | 1.42% | +0.20 |
Portfolio Buys Q1 2026 → Q2 2026
| RSP Invesco S&P 500 Equal Weight | Add +35.5% | 13.90% | +3.41 |
| MSFT Microsoft Corp. | New | 1.59% | +1.59 |
| NJUN Innovator G-100 P B ETF - Ju | New | 1.52% | +1.52 |
| ANET Arista Networks Inc. | New | 1.43% | +1.43 |
| MRSH Marsh & McLennan Cos | New | 1.27% | +1.27 |
| NBIX Neurocrine Biosciences Inc. | New | 1.27% | +1.27 |
| FERG Ferguson Enterprises Inc. | New | 1.27% | +1.27 |
| NOW ServiceNow Inc. | New | 1.25% | +1.25 |
| AVGO Broadcom Inc. | New | 1.25% | +1.25 |
| LGN Legence Corp. Class A | New | 1.22% | +1.22 |
| GILD Gilead Sciences Inc. | New | 1.22% | +1.22 |
| UAL United Airlines Holdings Inc. | New | 0.73% | +0.73 |
| NMAY Innovator GRW-100 PB ETF May | New | 0.73% | +0.73 |
| CDP Copt Defense Properties | New | 0.69% | +0.69 |
| GOOG Alphabet Inc. Class C | Add +43.0% | 1.88% | +0.67 |
| MTZ Mastec Inc. | New | 0.65% | +0.65 |
| SGHC Super Group SGHC Ltd. | New | 0.62% | +0.62 |
| VRT Vertiv Holdings Co. Class A | New | 0.60% | +0.60 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +3.0% | 9.45% | +0.39 |
| APH Amphenol Corp. Class A | Add +3.9% | 1.55% | +0.34 |
| ZVRA Zevra Therapeutics Inc. | New | 0.33% | +0.33 |
| IBKR Interactive Brokers Gro Class A | Add +1.8% | 1.40% | +0.20 |
| INCY Incyte Corp. | Add +3.5% | 1.40% | +0.13 |
| MMM 3M Co. | New | 0.10% | +0.10 |
| AAPL Apple Inc. | Add +2.3% | 1.34% | +0.04 |
| AXP American Express Co. | Add +3.5% | 1.29% | +0.03 |
| EXPE Expedia Group Inc. | Add +3.6% | 1.30% | +0.02 |
| O Realty Income Corp. | Add +5.0% | 1.16% | −0.08 |
| UTHR United Therapeutics Corp. | Add +2.6% | 1.17% | −0.25 |
| REGN Regeneron Pharmaceuticals | Add +5.0% | 0.96% | −0.32 |