Element Squared LLC's Q2 2026 13F: 18 new positions, 11 exits
Form 13F-HR for the quarter ended Jun 30, 2026 · filed Jul 28, 2026 · 49 reported positions · accession 0002086643-26-000003
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Increased | INVESCO EXCHANGE TRADED FD T (RSP) | 10.5% | 13.9% | +3.4 pts | +34,414 sh | +36% |
| Reduced | INVESCO QQQ TR (QQQ) | 7.2% | 4.5% | −2.7 pts | −9,731 sh | −44% |
| Reduced | NVIDIA CORPORATION (NVDA) | 5.7% | 3.6% | −2.1 pts | −22,081 sh | −38% |
| New | MICROSOFT CORP (MSFT) | — | 1.6% | +1.6 pts | +8,590 sh | new |
| New | INNOVATOR ETFS TRUST (NJUN) | — | 1.5% | +1.5 pts | +92,876 sh | new |
| New | ARISTA NETWORKS INC (ANET) | — | 1.4% | +1.4 pts | +16,919 sh | new |
| Exited | PETROLEO BRASILEIRO S A (PBR) | 1.4% | — | −1.4 pts | −120K sh | −100% |
| Exited | AMERICA MOVIL SAB DE CV (AMX) | 1.3% | — | −1.3 pts | −93,198 sh | −100% |
| New | MARSH & MCLENNAN COS INC (MRSH) | — | 1.3% | +1.3 pts | +15,375 sh | new |
| Exited | TE CONNECTIVITY PLC (TEL) | 1.3% | — | −1.3 pts | −10,791 sh | −100% |
| New | NEUROCRINE BIOSCIENCES INC (NBIX) | — | 1.3% | +1.3 pts | +15,167 sh | new |
| New | FERGUSON ENTERPRISES INC (FERG) | — | 1.3% | +1.3 pts | +10,742 sh | new |
| Exited | ADVANCED MICRO DEVICES INC (AMD) | 1.3% | — | −1.3 pts | −11,048 sh | −100% |
| New | SERVICENOW INC (NOW) | — | 1.3% | +1.3 pts | +25,359 sh | new |
| New | BROADCOM INC (AVGO) | — | 1.3% | +1.3 pts | +6,663 sh | new |
| Exited | AGNICO EAGLE MINES LTD (AEM) | 1.3% | — | −1.3 pts | −10,937 sh | −100% |
| Exited | NEWMONT CORP (NEM) | 1.3% | — | −1.3 pts | −20,477 sh | −100% |
| Exited | CBOE GLOBAL MKTS INC (CBOE) | 1.2% | — | −1.2 pts | −7,871 sh | −100% |
| Exited | SHOPIFY INC (SHOP) | 1.2% | — | −1.2 pts | −18,444 sh | −100% |
| Exited | SCHWAB CHARLES CORP (SCHW) | 1.2% | — | −1.2 pts | −23,180 sh | −100% |
| New | LEGENCE CORP (LGN) | — | 1.2% | +1.2 pts | +28,832 sh | new |
| New | GILEAD SCIENCES INC (GILD) | — | 1.2% | +1.2 pts | +19,358 sh | new |
| Exited | RYANAIR HOLDINGS PLC (RYAAY) | 1.2% | — | −1.2 pts | −36,323 sh | −100% |
| Reduced | APPLIED MATLS INC (AMAT) | 1.2% | 1.1% | −0.1 pts | −3,235 sh | −52% |
| Exited | RAMBUS INC DEL (RMBS) | 1.1% | — | −1.1 pts | −23,567 sh | −100% |
| Reduced | CELESTICA INC (CLS) | 1.3% | 0.6% | −0.7 pts | −4,815 sh | −60% |
| New | UNITED AIRLS HLDGS INC (UAL) | — | 0.7% | +0.7 pts | +10,803 sh | new |
| New | INNOVATOR ETFS TRUST (NMAY) | — | 0.7% | +0.7 pts | +49,518 sh | new |
| New | COPT DEFENSE PROPERTIES (CDP) | — | 0.7% | +0.7 pts | +37,872 sh | new |
| New | MASTEC INC (MTZ) | — | 0.7% | +0.7 pts | +3,150 sh | new |
| New | SUPER GROUP SGHC LIMITED (SGHC) | — | 0.6% | +0.6 pts | +91,693 sh | new |
| New | VERTIV HOLDINGS CO (VRT) | — | 0.6% | +0.6 pts | +3,585 sh | new |
| Increased | ALPHABET INC (GOOG) | 1.2% | 1.9% | +0.7 pts | +3,218 sh | +43% |
| Reduced | INNOVATOR ETFS TRUST (NOCT) | 3.9% | 3.3% | −0.6 pts | −16,726 sh | −14% |
| Reduced | INNOVATOR ETFS TRUST (NMAR) | 21.9% | 20.7% | −1.2 pts | −30,193 sh | −2% |
| Reduced | ELI LILLY & CO (LLY) | 1.2% | 0.9% | −0.3 pts | −811 sh | −35% |
| Reduced | META PLATFORMS INC (META) | 1.2% | 0.6% | −0.6 pts | −1,521 sh | −42% |
| New | ZEVRA THERAPEUTICS INC (ZVRA) | — | 0.3% | +0.3 pts | +46,336 sh | new |
| Increased | STATE STR SPDR S&P 500 ETF T (SPY) | 9.1% | 9.4% | +0.4 pts | +748 sh | +3% |
| Reduced | FIRST SOLAR INC (FSLR) | 1.3% | 1.1% | −0.2 pts | −2,127 sh | −19% |
| Reduced | TAIWAN SEMICONDUCTOR MANUFAC (TSM) | 1.2% | 1.4% | +0.2 pts | −453 sh | −7% |
| New | 3M CO (MMM) | — | 0.1% | +0.1 pts | +1,275 sh | new |
| Increased | AMPHENOL CORP (APH) | 1.2% | 1.5% | +0.3 pts | +660 sh | +4% |
| Reduced | EVERCORE INC (EVR) | 1.3% | 1.3% | 0.0 pts | −328 sh | −4% |
| Increased | REALTY INCOME CORP (O) | 1.2% | 1.2% | −0.1 pts | +1,779 sh | +5% |
| Increased | INCYTE CORP (INCY) | 1.3% | 1.4% | +0.1 pts | +829 sh | +3% |
| Increased | REGENERON PHARMACEUTICALS (REGN) | 1.3% | 1.0% | −0.3 pts | +147 sh | +5% |
| Increased | EXPEDIA GROUP INC (EXPE) | 1.3% | 1.3% | 0.0 pts | +352 sh | +4% |
| Increased | AMERICAN EXPRESS CO (AXP) | 1.3% | 1.3% | 0.0 pts | +260 sh | +4% |
| Reduced | VANGUARD INDEX FDS (VUG) | 1.2% | 1.2% | 0.0 pts | −733 sh | −3% |
The 50 largest of 55 changes, by size of the trade. Full holdings for this quarter.
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 62.0% of the equity book
Changes in the top 10 this quarter: GOOG entered · MSFT entered · APH entered · NJUN entered · UTHR left · PBR left · AMX left · EVR left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | INNOVATOR ETFS TRUST (NMAR) | 21.9% | 20.7% | |
| 2 | INVESCO EXCHANGE TRADED FD T (RSP) | 10.5% | 13.9% | |
| 3 | STATE STR SPDR S&P 500 ETF T (SPY) | 9.1% | 9.4% | |
| 4 | INVESCO QQQ TR (QQQ) | 7.2% | 4.5% | |
| 5 | NVIDIA CORPORATION (NVDA) | 5.7% | 3.6% | |
| 6 | INNOVATOR ETFS TRUST (NOCT) | 3.9% | 3.3% | |
| 7 | ALPHABET INC (GOOG) | 1.2% | 1.9% | Entered the top 10 |
| 8 | MICROSOFT CORP (MSFT) | 0.0% | 1.6% | Entered the top 10 |
| 9 | AMPHENOL CORP (APH) | 1.2% | 1.5% | Entered the top 10 |
| 10 | INNOVATOR ETFS TRUST (NJUN) | 0.0% | 1.5% | Entered the top 10 |
| — | UNITED THERAPEUTICS CORP DEL (UTHR) | 1.4% | 1.2% | Left the top 10 |
| — | PETROLEO BRASILEIRO S A (PBR) | 1.4% | 0.0% | Left the top 10 |
| — | AMERICA MOVIL SAB DE CV (AMX) | 1.3% | 0.0% | Left the top 10 |
| — | EVERCORE INC (EVR) | 1.3% | 1.3% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).