ELEMENT SQUARED LLC
Q1 2026 Form 13-F
MINNEAPOLIS, MINNESOTA
CIK 0002086643
· CRD 311284
· SEC-registered investment adviser
$177.3M Reported Value Total
ELEMENT SQUARED PRIVATE WEALTH reports 478 total accounts under management (AUM). There are 478 discretionary accounts valued at $203,482,682, 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
$177.3M
Quarter over quarter
-3.2%
Holdings
42
Top-10 concentration
63.8%
Key People
Form ADV owners & control persons
Drew M Sweetman
MANAGING MEMBER/CHIEF COMPLIANCE OFFICER
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13F Metrics
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Q1 2026 13F record
Q1 2026 13F filing summary
| Period of report | March 31, 2026 |
|---|---|
| Filed | April 23, 2026 |
| Form | 13F-HR |
| Reported value | $177.3M |
| Positions | 42 |
| Change in reported value | -3.8% |
| New positions | 23 |
| Exited positions | 30 |
| Position turnover | 73.6% |
| Top-10 concentration | 63.8% |
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 · Q1 2026
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | NMAR INNOVATOR ETFS TRUST | $38.9M | 21.94% |
| 2 | RSP INVESCO EXCHANGE TRADED FD T | $18.6M | 10.48% |
| 3 | SPY STATE STR SPDR S&P 500 ETF T | $16.1M | 9.06% |
| 4 | QQQ INVESCO QQQ TR | $12.8M | 7.21% |
| 5 | NVDA NVIDIA CORPORATION | $10.1M | 5.71% |
| 6 | NOCT INNOVATOR ETFS TRUST | $6.9M | 3.89% |
| 7 | UTHR UNITED THERAPEUTICS CORP DEL | $2.5M | 1.42% |
| 8 | PBR PETROLEO BRASILEIRO S A | $2.5M | 1.41% |
| 9 | AMX AMERICA MOVIL SAB DE CV | $2.4M | 1.34% |
| 10 | EVR EVERCORE INC | $2.4M | 1.33% |
| 11 | NNOV INNOVATOR ETFS TRUST | $2.3M | 1.3% |
| 12 | AAPL APPLE INC | $2.3M | 1.3% |
| 13 | EXPE EXPEDIA GROUP INC | $2.3M | 1.28% |
| 14 | REGN REGENERON PHARMACEUTICALS | $2.3M | 1.28% |
| 15 | TEL TE CONNECTIVITY PLC | $2.3M | 1.27% |
| 16 | INCY INCYTE CORP | $2.3M | 1.27% |
| 17 | CLS CELESTICA INC | $2.3M | 1.27% |
| 18 | AMD ADVANCED MICRO DEVICES INC | $2.2M | 1.27% |
| 19 | FSLR FIRST SOLAR INC | $2.2M | 1.26% |
| 20 | AXP AMERICAN EXPRESS CO | $2.2M | 1.26% |
Values as reported on the Q1 2026 Form 13F. Every position is in the holdings table below.