ELEMENT SQUARED LLC
Q4 2025 Form 13-F
MINNEAPOLIS, MINNESOTA
CIK 0002086643
· CRD 311284
· SEC-registered investment adviser
$184.3M Reported Value Total
ELEMENT SQUARED PRIVATE WEALTH reports 432 total accounts under management (AUM). There are 432 discretionary accounts valued at $168,300,000, and 0 non-discretionary accounts.
Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
Source: Form ADV filed 2026-09-15
Reported value
$184.3M
Quarter over quarter
+2.9%
Holdings
49
Top-10 concentration
59.2%
Key People
Form ADV owners & control persons
Drew M Sweetman
MANAGING MEMBER/CHIEF COMPLIANCE OFFICER
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Q4 2025 13F record
Q4 2025 13F filing summary
| Period of report | December 31, 2025 |
|---|---|
| Filed | January 20, 2026 |
| Form | 13F-HR |
| Reported value | $184.3M |
| Positions | 49 |
| Change in reported value | +5.1% |
| New positions | 18 |
| Exited positions | 29 |
| Position turnover | 60.3% |
| Top-10 concentration | 59.2% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q3 2026 13F
Filed Nov 9, 2026
|
53 | $210.4M |
|
Q2 2026 13F
Filed Jul 28, 2026
|
49 | $201.0M |
|
Q1 2026 13F
Filed Apr 23, 2026
|
42 | $177.3M |
|
Q4 2025 13F
Filed Jan 20, 2026
|
49 | $184.3M |
|
Q3 2025 13F
Filed Nov 14, 2025
|
60 | $175.4M |
|
Q2 2025 13F
Filed Oct 7, 2025
|
55 | $160.4M |
Top 20 holdings · Q4 2025
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | NOCT INNOVATOR ETFS TRUST | $36.8M | 19.96% |
| 2 | SPY SPDR S&P 500 ETF TR | $15.3M | 8.32% |
| 3 | RSP INVESCO EXCHANGE TRADED FD T | $14.3M | 7.78% |
| 4 | NVDA NVIDIA CORPORATION | $13.3M | 7.22% |
| 5 | NNOV INNOVATOR ETFS TRUST | $10.0M | 5.43% |
| 6 | QQQ INVESCO QQQ TR | $6.8M | 3.7% |
| 7 | AAPL APPLE INC | $3.6M | 1.95% |
| 8 | PJAN INNOVATOR ETFS TRUST | $3.2M | 1.75% |
| 9 | APH AMPHENOL CORP NEW | $2.9M | 1.58% |
| 10 | GOOGL ALPHABET INC | $2.8M | 1.5% |
| 11 | PH PARKER-HANNIFIN CORP | $2.7M | 1.49% |
| 12 | AMD ADVANCED MICRO DEVICES INC | $2.7M | 1.47% |
| 13 | APP APPLOVIN CORP | $2.7M | 1.45% |
| 14 | AVGO BROADCOM INC | $2.7M | 1.45% |
| 15 | BIIB BIOGEN INC | $2.6M | 1.44% |
| 16 | ABBV ABBVIE INC | $2.6M | 1.43% |
| 17 | AZN ASTRAZENECA PLC | $2.6M | 1.42% |
| 18 | BMY BRISTOL-MYERS SQUIBB CO | $2.6M | 1.42% |
| 19 | AFRM AFFIRM HLDGS INC | $2.5M | 1.36% |
| 20 | TSM TAIWAN SEMICONDUCTOR MFG LTD | $2.5M | 1.33% |
Values as reported on the Q4 2025 Form 13F. Every position is in the holdings table below.