Element Squared LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Element Squared LLC reported 60 stock positions worth $175.4 million. Its top holding was In Gro-100 PWR Buf ETF - Dec (NDEC) at 16.6% of the portfolio, followed by Nvidia (NVDA, 7.6%) and SS SPDR S&P 500 ETF Trust-US (SPY, 4.9%). Compared with Q2 2025, it opened 23 new positions, sold out of 18, added to 23 and reduced 13. The biggest buy was a new position in SS SPDR S&P 500 ETF Trust-US (SPY) and the biggest sale Innovator GRW-100 PB ETF Mar (NMAR, shares −97%).
- Most Recent 13F
- Q2 2026
- Location
- MINNEAPOLIS, MN
- CIK
- 0002086643
- Portfolio Value
- $175.4M (Q3 2025)
- SEC Filing
- 0002086643-25-000002 ↗ filed Nov 14, 2025
Holdings Value
Holdings 60 stocks · $175.4M
| NDEC In Gro-100 PWR Buf ETF - Dec | 16.62% | 1,077,603 | $29.1M | Reduce -4.0% |
| NVDA Nvidia Corp. | 7.60% | 71,427 | $13.3M | Add +11.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 4.94% | 13,007 | $8.7M | New |
| NFEB Innov GRW-100 Por Bu ETF - F | 4.78% | 308,274 | $8.4M | Reduce -4.8% |
| PJAN Innovator U.S. Equity Power | 4.19% | 160,565 | $7.4M | Reduce -8.2% |
| NAPR Innovator Growth 100 Power B | 2.02% | 67,172 | $3.5M | Add +9.8% |
| TSM Taiwan Semiconductor-SP ADR | 1.77% | 11,132 | $3.1M | Add +4.1% |
| APH Amphenol Corp. Class A | 1.52% | 21,488 | $2.7M | Reduce -24.6% |
| MCK McKesson Corp. | 1.50% | 3,414 | $2.6M | Add +3.6% |
| ABBV Abbvie Inc. | 1.49% | 11,292 | $2.6M | Add +4.8% |
| META Meta Platforms Inc. Class A | 1.48% | 3,531 | $2.6M | Add +4.6% |
| AVGO Broadcom Inc. | 1.44% | 7,667 | $2.5M | Add +4.7% |
| AAPL Apple Inc. | 1.42% | 9,781 | $2.5M | Add +5.5% |
| V Visa Inc. Class A | 1.37% | 7,036 | $2.4M | Add +5.3% |
| ETN Eaton Corp. PLC | 1.36% | 6,354 | $2.4M | Add +4.3% |
| MELI MercadoLibre Inc. | 1.35% | 1,015 | $2.4M | Add +3.7% |
| FAST Fastenal Co. | 1.35% | 48,292 | $2.4M | Reduce -7.3% |
| UBER Uber Technologies Inc. | 1.34% | 24,057 | $2.4M | New |
| ORLY O'reilly Automotive Inc. | 1.34% | 21,772 | $2.3M | Add +4.7% |
| SPOT Spotify Technology SA | 1.33% | 3,349 | $2.3M | New |
| INTU Intuit Inc. | 1.33% | 3,420 | $2.3M | New |
| PH Parker Hannifin Corp. | 1.32% | 3,060 | $2.3M | Add +4.2% |
| MA Mastercard Inc. Class A | 1.32% | 4,074 | $2.3M | Add +5.8% |
| ADSK Autodesk Inc. | 1.32% | 7,261 | $2.3M | Add +6.1% |
| SNPS Synopsys Inc. | 1.31% | 4,671 | $2.3M | New |
| FORTINET INC | 1.30% | 27,216 | $2.3M | New |
| TT Trane Technologies PLC | 1.29% | 5,359 | $2.3M | Add +4.2% |
| MDLZ Mondelez International Inc. Class A | 1.28% | 36,053 | $2.3M | New |
| TDG Transdigm Group Inc. | 1.28% | 1,703 | $2.2M | Add +10.4% |
| AMZN Amazon.com Inc. | 1.27% | 10,169 | $2.2M | Add +6.0% |
| GOOGL Alphabet Inc. Class A | 1.27% | 9,128 | $2.2M | Reduce -18.2% |
| KO The Coca-Cola Co. | 1.26% | 33,414 | $2.2M | New |
| BLK BlackRock Inc. | 1.25% | 1,887 | $2.2M | New |
| ANET Arista Networks Inc. | 1.25% | 15,060 | $2.2M | Reduce -20.8% |
| AZN Astrazeneca PLC-Spons ADR | 1.23% | 28,112 | $2.2M | New |
| EXPE Expedia Group Inc. | 1.23% | 10,073 | $2.2M | New |
| ORCL Oracle Corp. | 1.20% | 7,510 | $2.1M | Reduce -36.3% |
| CTAS Cintas Corp. | 1.20% | 10,267 | $2.1M | Add +6.4% |
| BSX Boston Scientific Corp. | 1.19% | 21,331 | $2.1M | Add +4.4% |
| MCD McDonald's Corp. | 1.17% | 6,770 | $2.1M | New |
| AMD Advanced Micro Devices | 1.16% | 12,583 | $2.0M | New |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.15% | 17,582 | $2.0M | New |
| NJUL Innovator Growth 100 Power B | 1.14% | 28,070 | $2.0M | New |
| INVESCO QQQ TR | 1.12% | 3,273 | $2.0M | New |
| RDDT Reddit Inc. Class A | 1.08% | 8,225 | $1.9M | New |
| PMAY Innovator U.S. Equity Power | 1.04% | 46,851 | $1.8M | No change |
| AFRM Affirm Holdings Inc. | 0.83% | 19,986 | $1.5M | New |
| MOAT Vaneck Morningstar Wide Moat | 0.80% | 14,206 | $1.4M | Reduce -5.8% |
| NAUG Innov G-100 Powr BF ETF -Aug | 0.75% | 45,648 | $1.3M | New |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.73% | 2,679 | $1.3M | Reduce -2.4% |
| SYM Symbotic Inc. | 0.65% | 21,081 | $1.1M | New |
| VZ Verizon Communications Inc. | 0.64% | 25,564 | $1.1M | Add +17.4% |
| TSLA Tesla Inc. | 0.63% | 2,476 | $1.1M | New |
| NJAN Innovator Growth 100 Power B | 0.58% | 19,280 | $1.0M | Reduce -0.3% |
| NNOV Innovator G-100 PB ETF - Nov | 0.51% | 31,090 | $887K | Reduce -0.3% |
| AXON Axon Enterprise Inc. | 0.46% | 1,134 | $814K | New |
| APPF Appfolio Inc. Class A | 0.46% | 2,939 | $810K | New |
| WM Waste Management Inc. | 0.40% | 3,157 | $697K | Add +32.6% |
| RSP Invesco S&P 500 Equal Weight | 0.20% | 1,890 | $359K | Add +30.7% |
| NMAR Innovator GRW-100 PB ETF Mar | 0.16% | 9,640 | $277K | Reduce -97.2% |
Portfolio Sells Q2 2025 → Q3 2025
| NMAR Innovator GRW-100 PB ETF Mar | Reduce -97.2% | 0.16% | −5.78 |
| NDEC In Gro-100 PWR Buf ETF - Dec | Reduce -4.0% | 16.62% | −1.46 |
| TW Tradeweb Markets Inc. Class A | Sold out | 0.00% | −1.40 |
| FTNT Fortinet Inc. | Sold out | 0.00% | −1.40 |
| BRO Brown & Brown Inc. | Sold out | 0.00% | −1.34 |
| SYK Stryker Corp. | Sold out | 0.00% | −1.34 |
| ADP Automatic Data Processing | Sold out | 0.00% | −1.33 |
| PAYX Paychex Inc. | Sold out | 0.00% | −1.32 |
| AME Ametek Inc. | Sold out | 0.00% | −1.22 |
| BR Broadridge Financial Solutio | Sold out | 0.00% | −1.22 |
| MO Altria Group Inc. | Sold out | 0.00% | −1.21 |
| QQQ Invesco QQQ Trust Series 1 | Sold out | 0.00% | −1.20 |
| TJX TJX Companies Inc. | Sold out | 0.00% | −1.18 |
| CMG Chipotle Mexican Grill Inc. | Sold out | 0.00% | −1.18 |
| GWW WW Grainger Inc. | Sold out | 0.00% | −1.14 |
| MSI Motorola Solutions Inc. | Sold out | 0.00% | −1.14 |
| AZO AutoZone Inc. | Sold out | 0.00% | −1.09 |
| COST Costco Wholesale Corp. | Sold out | 0.00% | −1.01 |
| BRK.B Berkshire Hathaway Inc. Class B | Sold out | 0.00% | −0.84 |
| PJAN Innovator U.S. Equity Power | Reduce -8.2% | 4.19% | −0.61 |
| NFEB Innov GRW-100 Por Bu ETF - F | Reduce -4.8% | 4.78% | −0.46 |
| ORCL Oracle Corp. | Reduce -36.3% | 1.20% | −0.40 |
| TMUS T-Mobile US Inc. | Sold out | 0.00% | −0.33 |
| APH Amphenol Corp. Class A | Reduce -24.6% | 1.52% | −0.24 |
| MOAT Vaneck Morningstar Wide Moat | Reduce -5.8% | 0.80% | −0.08 |
| NJAN Innovator Growth 100 Power B | Reduce -0.3% | 0.58% | −0.03 |
| NNOV Innovator G-100 PB ETF - Nov | Reduce -0.3% | 0.51% | −0.03 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -2.4% | 0.73% | −0.02 |
| FAST Fastenal Co. | Reduce -7.3% | 1.35% | −0.01 |
| ANET Arista Networks Inc. | Reduce -20.8% | 1.25% | +0.04 |
| GOOGL Alphabet Inc. Class A | Reduce -18.2% | 1.27% | +0.04 |
Portfolio Buys Q2 2025 → Q3 2025
| SPY SS SPDR S&P 500 ETF Trust-US | New | 4.94% | +4.94 |
| UBER Uber Technologies Inc. | New | 1.34% | +1.34 |
| SPOT Spotify Technology SA | New | 1.33% | +1.33 |
| INTU Intuit Inc. | New | 1.33% | +1.33 |
| SNPS Synopsys Inc. | New | 1.31% | +1.31 |
| NVDA Nvidia Corp. | Add +11.9% | 7.60% | +1.31 |
| FORTINET INC | New | 1.30% | +1.30 |
| MDLZ Mondelez International Inc. Class A | New | 1.28% | +1.28 |
| KO The Coca-Cola Co. | New | 1.26% | +1.26 |
| BLK BlackRock Inc. | New | 1.25% | +1.25 |
| AZN Astrazeneca PLC-Spons ADR | New | 1.23% | +1.23 |
| EXPE Expedia Group Inc. | New | 1.23% | +1.23 |
| MCD McDonald's Corp. | New | 1.17% | +1.17 |
| AMD Advanced Micro Devices | New | 1.16% | +1.16 |
| DIS The Walt Disney Co. | New | 1.15% | +1.15 |
| NJUL Innovator Growth 100 Power B | New | 1.14% | +1.14 |
| INVESCO QQQ TR | New | 1.12% | +1.12 |
| RDDT Reddit Inc. Class A | New | 1.08% | +1.08 |
| AFRM Affirm Holdings Inc. | New | 0.83% | +0.83 |
| NAUG Innov G-100 Powr BF ETF -Aug | New | 0.75% | +0.75 |
| SYM Symbotic Inc. | New | 0.65% | +0.65 |
| TSLA Tesla Inc. | New | 0.63% | +0.63 |
| AXON Axon Enterprise Inc. | New | 0.46% | +0.46 |
| APPF Appfolio Inc. Class A | New | 0.46% | +0.46 |
| TSM Taiwan Semiconductor-SP ADR | Add +4.1% | 1.77% | +0.26 |
| ABBV Abbvie Inc. | Add +4.8% | 1.49% | +0.24 |
| AAPL Apple Inc. | Add +5.5% | 1.42% | +0.23 |
| AVGO Broadcom Inc. | Add +4.7% | 1.44% | +0.18 |
| ORLY O'reilly Automotive Inc. | Add +4.7% | 1.34% | +0.17 |
| NAPR Innovator Growth 100 Power B | Add +9.8% | 2.02% | +0.07 |
| WM Waste Management Inc. | Add +32.6% | 0.40% | +0.06 |
| VZ Verizon Communications Inc. | Add +17.4% | 0.64% | +0.05 |
| PH Parker Hannifin Corp. | Add +4.2% | 1.32% | +0.04 |
| RSP Invesco S&P 500 Equal Weight | Add +30.7% | 0.20% | +0.04 |
| ETN Eaton Corp. PLC | Add +4.3% | 1.36% | −0.00 |
| MCK McKesson Corp. | Add +3.6% | 1.50% | −0.00 |
| ADSK Autodesk Inc. | Add +6.1% | 1.32% | −0.01 |
| MA Mastercard Inc. Class A | Add +5.8% | 1.32% | −0.03 |
| AMZN Amazon.com Inc. | Add +6.0% | 1.27% | −0.04 |
| META Meta Platforms Inc. Class A | Add +4.6% | 1.48% | −0.07 |
| V Visa Inc. Class A | Add +5.3% | 1.37% | −0.11 |
| TT Trane Technologies PLC | Add +4.2% | 1.29% | −0.11 |
| CTAS Cintas Corp. | Add +6.4% | 1.20% | −0.14 |
| BSX Boston Scientific Corp. | Add +4.4% | 1.19% | −0.18 |
| TDG Transdigm Group Inc. | Add +10.4% | 1.28% | −0.18 |
| MELI MercadoLibre Inc. | Add +3.7% | 1.35% | −0.24 |