Element Squared LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 20, 2026), Element Squared LLC reported 49 stock positions worth $184.3 million. Its top holding was Innovator Growth-100 Power B (NOCT) at 20.0% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 8.3%) and Invesco S&P 500 Equal Weight (RSP, 7.8%). Compared with Q3 2025, it opened 18 new positions, sold out of 29, added to 22 and reduced 9. The biggest buy was a new position in Innovator Growth-100 Power B (NOCT) and the biggest sale an exit from In Gro-100 PWR Buf ETF - Dec (NDEC).
- Most Recent 13F
- Q2 2026
- Location
- MINNEAPOLIS, MN
- CIK
- 0002086643
- Portfolio Value
- $184.3M (Q4 2025)
- SEC Filing
- 0002086643-26-000001 ↗ filed Jan 20, 2026
Holdings Value
Holdings 49 stocks · $184.3M
| NOCT Innovator Growth-100 Power B | 19.96% | 634,982 | $36.8M | New |
| SPY SS SPDR S&P 500 ETF Trust-US | 8.32% | 22,485 | $15.3M | Add +72.9% |
| RSP Invesco S&P 500 Equal Weight | 7.78% | 74,805 | $14.3M | Add +3857.9% |
| NVDA Nvidia Corp. | 7.22% | 71,331 | $13.3M | Reduce -0.1% |
| NNOV Innovator G-100 PB ETF - Nov | 5.43% | 348,965 | $10.0M | Add +1022.4% |
| QQQ Invesco QQQ Trust Series 1 | 3.70% | 11,106 | $6.8M | New |
| AAPL Apple Inc. | 1.95% | 13,209 | $3.6M | Add +35.0% |
| PJAN Innovator U.S. Equity Power | 1.75% | 68,553 | $3.2M | Reduce -57.3% |
| APH Amphenol Corp. Class A | 1.58% | 21,531 | $2.9M | Add +0.2% |
| GOOGL Alphabet Inc. Class A | 1.50% | 8,833 | $2.8M | Reduce -3.2% |
| PH Parker Hannifin Corp. | 1.49% | 3,116 | $2.7M | Add +1.8% |
| AMD Advanced Micro Devices | 1.47% | 12,620 | $2.7M | Add +0.3% |
| APP AppLovin Corp. Class A | 1.45% | 3,969 | $2.7M | New |
| AVGO Broadcom Inc. | 1.45% | 7,726 | $2.7M | Add +0.8% |
| BIIB Biogen Inc. | 1.44% | 15,051 | $2.6M | New |
| ABBV Abbvie Inc. | 1.43% | 11,518 | $2.6M | Add +2.0% |
| AZN Astrazeneca PLC-Spons ADR | 1.42% | 28,452 | $2.6M | Add +1.2% |
| BMY Bristol-Myers Squibb Co. | 1.42% | 48,420 | $2.6M | New |
| AFRM Affirm Holdings Inc. | 1.36% | 33,664 | $2.5M | Add +68.4% |
| TSM Taiwan Semiconductor-SP ADR | 1.33% | 8,090 | $2.5M | Reduce -27.3% |
| UTHR United Therapeutics Corp. | 1.33% | 5,027 | $2.4M | New |
| META Meta Platforms Inc. Class A | 1.32% | 3,682 | $2.4M | Add +4.3% |
| COP Conocophillips | 1.31% | 25,868 | $2.4M | New |
| AMZN Amazon.com Inc. | 1.31% | 10,479 | $2.4M | Add +3.0% |
| MA Mastercard Inc. Class A | 1.29% | 4,164 | $2.4M | Add +2.2% |
| FDS Factset Research Systems Inc. | 1.29% | 8,189 | $2.4M | New |
| MOAT Vaneck Morningstar Wide Moat | 1.27% | 22,612 | $2.3M | Add +59.2% |
| INTU Intuit Inc. | 1.26% | 3,509 | $2.3M | Add +2.6% |
| VUG Vanguard Mrngstar GR ETF-Sui | 1.23% | 4,632 | $2.3M | Add +72.9% |
| MCK McKesson Corp. | 1.19% | 2,681 | $2.2M | Reduce -21.5% |
| ADSK Autodesk Inc. | 1.19% | 7,429 | $2.2M | Add +2.3% |
| MCD McDonald's Corp. | 1.16% | 7,019 | $2.1M | Add +3.7% |
| BLK BlackRock Inc. | 1.13% | 1,953 | $2.1M | Add +3.5% |
| NJUL Innovator Growth 100 Power B | 1.11% | 28,067 | $2.0M | Reduce -0.0% |
| ANET Arista Networks Inc. | 1.10% | 15,482 | $2.0M | Add +2.8% |
| SPOT Spotify Technology SA | 1.09% | 3,444 | $2.0M | Add +2.8% |
| PMAY Innovator U.S. Equity Power | 0.99% | 45,945 | $1.8M | Reduce -1.9% |
| AXSM Axsome Therapeutics Inc. | 0.80% | 8,079 | $1.5M | New |
| RMD Resmed Inc. | 0.79% | 6,067 | $1.5M | New |
| HALO Halozyme Therapeutics Inc. | 0.65% | 17,726 | $1.2M | New |
| NAUG Innov G-100 Powr BF ETF -Aug | 0.65% | 40,248 | $1.2M | Reduce -11.8% |
| XOM Exxon Mobil Corp. | 0.61% | 9,370 | $1.1M | New |
| PINS Pinterest Inc. Class A | 0.61% | 43,388 | $1.1M | New |
| SHOP Shopify Inc. Class A | 0.61% | 6,931 | $1.1M | New |
| TOST Toast Inc. Class A | 0.58% | 29,895 | $1.1M | New |
| NJAN Innovator Growth 100 Power B | 0.30% | 10,168 | $558K | Reduce -47.3% |
| WDAY Workday Inc. Class A | 0.15% | 1,311 | $282K | New |
| LRCX Lam Research Corp. | 0.13% | 1,440 | $246K | New |
| MMM 3M Co. | 0.11% | 1,262 | $202K | New |
Portfolio Sells Q3 2025 → Q4 2025
| NDEC In Gro-100 PWR Buf ETF - Dec | Sold out | 0.00% | −16.62 |
| NFEB Innov GRW-100 Por Bu ETF - F | Sold out | 0.00% | −4.78 |
| PJAN Innovator U.S. Equity Power | Reduce -57.3% | 1.75% | −2.44 |
| NAPR Innovator Growth 100 Power B | Sold out | 0.00% | −2.02 |
| V Visa Inc. Class A | Sold out | 0.00% | −1.37 |
| ETN Eaton Corp. PLC | Sold out | 0.00% | −1.36 |
| MELI MercadoLibre Inc. | Sold out | 0.00% | −1.35 |
| FAST Fastenal Co. | Sold out | 0.00% | −1.35 |
| UBER Uber Technologies Inc. | Sold out | 0.00% | −1.34 |
| ORLY O'reilly Automotive Inc. | Sold out | 0.00% | −1.34 |
| SNPS Synopsys Inc. | Sold out | 0.00% | −1.31 |
| FORTINET INC | Sold out | 0.00% | −1.30 |
| TT Trane Technologies PLC | Sold out | 0.00% | −1.29 |
| MDLZ Mondelez International Inc. Class A | Sold out | 0.00% | −1.28 |
| TDG Transdigm Group Inc. | Sold out | 0.00% | −1.28 |
| KO The Coca-Cola Co. | Sold out | 0.00% | −1.26 |
| EXPE Expedia Group Inc. | Sold out | 0.00% | −1.23 |
| ORCL Oracle Corp. | Sold out | 0.00% | −1.20 |
| CTAS Cintas Corp. | Sold out | 0.00% | −1.20 |
| BSX Boston Scientific Corp. | Sold out | 0.00% | −1.19 |
| DIS The Walt Disney Co. | Sold out | 0.00% | −1.15 |
| INVESCO QQQ TR | Sold out | 0.00% | −1.12 |
| RDDT Reddit Inc. Class A | Sold out | 0.00% | −1.08 |
| SYM Symbotic Inc. | Sold out | 0.00% | −0.65 |
| VZ Verizon Communications Inc. | Sold out | 0.00% | −0.64 |
| TSLA Tesla Inc. | Sold out | 0.00% | −0.63 |
| AXON Axon Enterprise Inc. | Sold out | 0.00% | −0.46 |
| APPF Appfolio Inc. Class A | Sold out | 0.00% | −0.46 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -27.3% | 1.33% | −0.44 |
| WM Waste Management Inc. | Sold out | 0.00% | −0.40 |
| NVDA Nvidia Corp. | Reduce -0.1% | 7.22% | −0.38 |
| MCK McKesson Corp. | Reduce -21.5% | 1.19% | −0.31 |
| NJAN Innovator Growth 100 Power B | Reduce -47.3% | 0.30% | −0.28 |
| NMAR Innovator GRW-100 PB ETF Mar | Sold out | 0.00% | −0.16 |
| NAUG Innov G-100 Powr BF ETF -Aug | Reduce -11.8% | 0.65% | −0.11 |
| PMAY Innovator U.S. Equity Power | Reduce -1.9% | 0.99% | −0.05 |
| NJUL Innovator Growth 100 Power B | Reduce -0.0% | 1.11% | −0.03 |
| GOOGL Alphabet Inc. Class A | Reduce -3.2% | 1.50% | +0.23 |
Portfolio Buys Q3 2025 → Q4 2025
| NOCT Innovator Growth-100 Power B | New | 19.96% | +19.96 |
| RSP Invesco S&P 500 Equal Weight | Add +3857.9% | 7.78% | +7.57 |
| NNOV Innovator G-100 PB ETF - Nov | Add +1022.4% | 5.43% | +4.93 |
| QQQ Invesco QQQ Trust Series 1 | New | 3.70% | +3.70 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +72.9% | 8.32% | +3.38 |
| APP AppLovin Corp. Class A | New | 1.45% | +1.45 |
| BIIB Biogen Inc. | New | 1.44% | +1.44 |
| BMY Bristol-Myers Squibb Co. | New | 1.42% | +1.42 |
| UTHR United Therapeutics Corp. | New | 1.33% | +1.33 |
| COP Conocophillips | New | 1.31% | +1.31 |
| FDS Factset Research Systems Inc. | New | 1.29% | +1.29 |
| AXSM Axsome Therapeutics Inc. | New | 0.80% | +0.80 |
| RMD Resmed Inc. | New | 0.79% | +0.79 |
| HALO Halozyme Therapeutics Inc. | New | 0.65% | +0.65 |
| XOM Exxon Mobil Corp. | New | 0.61% | +0.61 |
| PINS Pinterest Inc. Class A | New | 0.61% | +0.61 |
| SHOP Shopify Inc. Class A | New | 0.61% | +0.61 |
| TOST Toast Inc. Class A | New | 0.58% | +0.58 |
| AAPL Apple Inc. | Add +35.0% | 1.95% | +0.53 |
| AFRM Affirm Holdings Inc. | Add +68.4% | 1.36% | +0.53 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +72.9% | 1.23% | +0.49 |
| MOAT Vaneck Morningstar Wide Moat | Add +59.2% | 1.27% | +0.47 |
| AMD Advanced Micro Devices | Add +0.3% | 1.47% | +0.31 |
| AZN Astrazeneca PLC-Spons ADR | Add +1.2% | 1.42% | +0.19 |
| PH Parker Hannifin Corp. | Add +1.8% | 1.49% | +0.16 |
| WDAY Workday Inc. Class A | New | 0.15% | +0.15 |
| LRCX Lam Research Corp. | New | 0.13% | +0.13 |
| MMM 3M Co. | New | 0.11% | +0.11 |
| APH Amphenol Corp. Class A | Add +0.2% | 1.58% | +0.06 |
| AMZN Amazon.com Inc. | Add +3.0% | 1.31% | +0.04 |
| AVGO Broadcom Inc. | Add +0.8% | 1.45% | +0.01 |
| MCD McDonald's Corp. | Add +3.7% | 1.16% | −0.01 |
| MA Mastercard Inc. Class A | Add +2.2% | 1.29% | −0.03 |
| ABBV Abbvie Inc. | Add +2.0% | 1.43% | −0.06 |
| INTU Intuit Inc. | Add +2.6% | 1.26% | −0.07 |
| BLK BlackRock Inc. | Add +3.5% | 1.13% | −0.12 |
| ADSK Autodesk Inc. | Add +2.3% | 1.19% | −0.12 |
| ANET Arista Networks Inc. | Add +2.8% | 1.10% | −0.15 |
| META Meta Platforms Inc. Class A | Add +4.3% | 1.32% | −0.16 |
| SPOT Spotify Technology SA | Add +2.8% | 1.09% | −0.25 |