Element Squared LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 23, 2026), Element Squared LLC reported 42 stock positions worth $177.3 million. Its top holding was Innovator GRW-100 PB ETF Mar (NMAR) at 21.9% of the portfolio, followed by Invesco S&P 500 Equal Weight (RSP, 10.5%) and SS SPDR S&P 500 ETF Trust-US (SPY, 9.1%). Compared with Q4 2025, it opened 23 new positions, sold out of 30, added to 5 and reduced 13. The biggest buy was a new position in Innovator GRW-100 PB ETF Mar (NMAR) and the biggest sale Innovator Growth-100 Power B (NOCT, shares −81%).
- Most Recent 13F
- Q2 2026
- Location
- MINNEAPOLIS, MN
- CIK
- 0002086643
- Portfolio Value
- $177.3M (Q1 2026)
- SEC Filing
- 0002086643-26-000002 ↗ filed Apr 23, 2026
Holdings Value
Holdings 42 stocks · $177.3M
| NMAR Innovator GRW-100 PB ETF Mar | 21.94% | 1,323,926 | $38.9M | New |
| RSP Invesco S&P 500 Equal Weight | 10.48% | 96,856 | $18.6M | Add +29.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 9.06% | 24,687 | $16.1M | Add +9.8% |
| QQQ Invesco QQQ Trust Series 1 | 7.21% | 22,136 | $12.8M | Add +99.3% |
| NVDA Nvidia Corp. | 5.71% | 58,027 | $10.1M | Reduce -18.6% |
| NOCT Innovator Growth-100 Power B | 3.89% | 122,309 | $6.9M | Reduce -80.7% |
| UTHR United Therapeutics Corp. | 1.42% | 4,240 | $2.5M | Reduce -15.7% |
| PBR Petroleo Brasileiro-Spon ADR | 1.41% | 120,245 | $2.5M | New |
| AMX America Movil Sab DE CV | 1.34% | 93,198 | $2.4M | New |
| EVR Evercore Inc. Class A | 1.33% | 7,894 | $2.4M | New |
| NNOV Innovator G-100 PB ETF - Nov | 1.30% | 82,929 | $2.3M | Reduce -76.2% |
| AAPL Apple Inc. | 1.30% | 9,085 | $2.3M | Reduce -31.2% |
| EXPE Expedia Group Inc. | 1.28% | 9,847 | $2.3M | New |
| REGN Regeneron Pharmaceuticals | 1.28% | 2,936 | $2.3M | New |
| TEL Te Connectivity PLC | 1.27% | 10,791 | $2.3M | New |
| INCY Incyte Corp. | 1.27% | 23,957 | $2.3M | New |
| CLS Celestica Inc. | 1.27% | 7,999 | $2.3M | New |
| AMD Advanced Micro Devices | 1.27% | 11,048 | $2.2M | Reduce -12.5% |
| FSLR First Solar Inc. | 1.26% | 11,361 | $2.2M | New |
| AXP American Express Co. | 1.26% | 7,388 | $2.2M | New |
| AEM Agnico Eagle Mines Ltd. | 1.25% | 10,937 | $2.2M | New |
| NEM Newmont Corp. | 1.25% | 20,477 | $2.2M | New |
| CBOE Cboe Global Markets Inc. | 1.25% | 7,871 | $2.2M | New |
| O Realty Income Corp. | 1.23% | 35,763 | $2.2M | New |
| SHOP Shopify Inc. Class A | 1.23% | 18,444 | $2.2M | Add +166.1% |
| SCHW Schwab (charles) Corp. | 1.23% | 23,180 | $2.2M | New |
| TSM Taiwan Semiconductor-SP ADR | 1.23% | 6,443 | $2.2M | Reduce -20.4% |
| MOAT Vaneck Morningstar Wide Moat | 1.22% | 22,361 | $2.2M | Reduce -1.1% |
| GOOG Alphabet Inc. Class C | 1.21% | 7,488 | $2.1M | New |
| APH Amphenol Corp. Class A | 1.21% | 16,976 | $2.1M | Reduce -21.2% |
| AMAT Applied Materials Inc. | 1.21% | 6,263 | $2.1M | New |
| IBKR Interactive Brokers Gro Class A | 1.20% | 31,696 | $2.1M | New |
| LLY Eli Lilly & Co. | 1.19% | 2,291 | $2.1M | New |
| RYAAY Ryanair Holdings PLC-SP ADR | 1.18% | 36,323 | $2.1M | New |
| VUG Vanguard Mrngstar GR ETF-Sui | 1.16% | 4,724 | $2.1M | Add +2.0% |
| META Meta Platforms Inc. Class A | 1.16% | 3,585 | $2.1M | Reduce -2.6% |
| RMBS Rambus Inc. | 1.14% | 23,567 | $2.0M | New |
| PMAY Innovator U.S. Equity Power | 1.03% | 45,945 | $1.8M | No change |
| PJAN Innovator U.S. Equity Power | 0.98% | 37,821 | $1.7M | Reduce -44.8% |
| NFEB Innov GRW-100 Por Bu ETF - F | 0.61% | 39,658 | $1.1M | New |
| LRCX Lam Research Corp. | 0.13% | 1,104 | $236K | Reduce -23.3% |
| NJAN Innovator Growth 100 Power B | 0.12% | 4,131 | $220K | Reduce -59.4% |
Portfolio Sells Q4 2025 → Q1 2026
| NOCT Innovator Growth-100 Power B | Reduce -80.7% | 3.89% | −16.07 |
| NNOV Innovator G-100 PB ETF - Nov | Reduce -76.2% | 1.30% | −4.13 |
| NVDA Nvidia Corp. | Reduce -18.6% | 5.71% | −1.51 |
| GOOGL Alphabet Inc. Class A | Sold out | 0.00% | −1.50 |
| PH Parker Hannifin Corp. | Sold out | 0.00% | −1.49 |
| APP AppLovin Corp. Class A | Sold out | 0.00% | −1.45 |
| AVGO Broadcom Inc. | Sold out | 0.00% | −1.45 |
| BIIB Biogen Inc. | Sold out | 0.00% | −1.44 |
| ABBV Abbvie Inc. | Sold out | 0.00% | −1.43 |
| AZN Astrazeneca PLC-Spons ADR | Sold out | 0.00% | −1.42 |
| BMY Bristol-Myers Squibb Co. | Sold out | 0.00% | −1.42 |
| AFRM Affirm Holdings Inc. | Sold out | 0.00% | −1.36 |
| COP Conocophillips | Sold out | 0.00% | −1.31 |
| AMZN Amazon.com Inc. | Sold out | 0.00% | −1.31 |
| MA Mastercard Inc. Class A | Sold out | 0.00% | −1.29 |
| FDS Factset Research Systems Inc. | Sold out | 0.00% | −1.29 |
| INTU Intuit Inc. | Sold out | 0.00% | −1.26 |
| MCK McKesson Corp. | Sold out | 0.00% | −1.19 |
| ADSK Autodesk Inc. | Sold out | 0.00% | −1.19 |
| MCD McDonald's Corp. | Sold out | 0.00% | −1.16 |
| BLK BlackRock Inc. | Sold out | 0.00% | −1.13 |
| NJUL Innovator Growth 100 Power B | Sold out | 0.00% | −1.11 |
| ANET Arista Networks Inc. | Sold out | 0.00% | −1.10 |
| SPOT Spotify Technology SA | Sold out | 0.00% | −1.09 |
| AXSM Axsome Therapeutics Inc. | Sold out | 0.00% | −0.80 |
| RMD Resmed Inc. | Sold out | 0.00% | −0.79 |
| PJAN Innovator U.S. Equity Power | Reduce -44.8% | 0.98% | −0.77 |
| AAPL Apple Inc. | Reduce -31.2% | 1.30% | −0.65 |
| HALO Halozyme Therapeutics Inc. | Sold out | 0.00% | −0.65 |
| NAUG Innov G-100 Powr BF ETF -Aug | Sold out | 0.00% | −0.65 |
| XOM Exxon Mobil Corp. | Sold out | 0.00% | −0.61 |
| PINS Pinterest Inc. Class A | Sold out | 0.00% | −0.61 |
| TOST Toast Inc. Class A | Sold out | 0.00% | −0.58 |
| APH Amphenol Corp. Class A | Reduce -21.2% | 1.21% | −0.37 |
| AMD Advanced Micro Devices | Reduce -12.5% | 1.27% | −0.20 |
| NJAN Innovator Growth 100 Power B | Reduce -59.4% | 0.12% | −0.18 |
| META Meta Platforms Inc. Class A | Reduce -2.6% | 1.16% | −0.16 |
| WDAY Workday Inc. Class A | Sold out | 0.00% | −0.15 |
| MMM 3M Co. | Sold out | 0.00% | −0.11 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -20.4% | 1.23% | −0.11 |
| MOAT Vaneck Morningstar Wide Moat | Reduce -1.1% | 1.22% | −0.05 |
| LRCX Lam Research Corp. | Reduce -23.3% | 0.13% | −0.00 |
| UTHR United Therapeutics Corp. | Reduce -15.7% | 1.42% | +0.09 |
Portfolio Buys Q4 2025 → Q1 2026
| NMAR Innovator GRW-100 PB ETF Mar | New | 21.94% | +21.94 |
| QQQ Invesco QQQ Trust Series 1 | Add +99.3% | 7.21% | +3.50 |
| RSP Invesco S&P 500 Equal Weight | Add +29.5% | 10.48% | +2.71 |
| PBR Petroleo Brasileiro-Spon ADR | New | 1.41% | +1.41 |
| AMX America Movil Sab DE CV | New | 1.34% | +1.34 |
| EVR Evercore Inc. Class A | New | 1.33% | +1.33 |
| EXPE Expedia Group Inc. | New | 1.28% | +1.28 |
| REGN Regeneron Pharmaceuticals | New | 1.28% | +1.28 |
| TEL Te Connectivity PLC | New | 1.27% | +1.27 |
| INCY Incyte Corp. | New | 1.27% | +1.27 |
| CLS Celestica Inc. | New | 1.27% | +1.27 |
| FSLR First Solar Inc. | New | 1.26% | +1.26 |
| AXP American Express Co. | New | 1.26% | +1.26 |
| AEM Agnico Eagle Mines Ltd. | New | 1.25% | +1.25 |
| NEM Newmont Corp. | New | 1.25% | +1.25 |
| CBOE Cboe Global Markets Inc. | New | 1.25% | +1.25 |
| O Realty Income Corp. | New | 1.23% | +1.23 |
| SCHW Schwab (charles) Corp. | New | 1.23% | +1.23 |
| GOOG Alphabet Inc. Class C | New | 1.21% | +1.21 |
| AMAT Applied Materials Inc. | New | 1.21% | +1.21 |
| IBKR Interactive Brokers Gro Class A | New | 1.20% | +1.20 |
| LLY Eli Lilly & Co. | New | 1.19% | +1.19 |
| RYAAY Ryanair Holdings PLC-SP ADR | New | 1.18% | +1.18 |
| RMBS Rambus Inc. | New | 1.14% | +1.14 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +9.8% | 9.06% | +0.74 |
| SHOP Shopify Inc. Class A | Add +166.1% | 1.23% | +0.63 |
| NFEB Innov GRW-100 Por Bu ETF - F | New | 0.61% | +0.61 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +2.0% | 1.16% | −0.06 |