Element Squared LLC's Q3 2026 13F: 16 new positions, 12 exits
Form 13F-HR for the quarter ended Sep 30, 2026 · filed Nov 9, 2026 · 53 reported positions · accession 0002086643-26-000005
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| New | INNOVATOR ETFS TRUST (NSEP) | — | 4.1% | +4.1 pts | +270K sh | new |
| Reduced | INVESCO EXCHANGE TRADED FD T (RSP) | 13.9% | 9.9% | −4.0 pts | −31,590 sh | −24% |
| Increased | STATE STR SPDR S&P 500 ETF T (SPY) | 9.4% | 12.2% | +2.8 pts | +8,297 sh | +33% |
| Reduced | INNOVATOR ETFS TRUST (NOCT) | 3.3% | 0.5% | −2.8 pts | −90,100 sh | −85% |
| New | MICRON TECHNOLOGY INC (MU) | — | 1.4% | +1.4 pts | +2,793 sh | new |
| Exited | EVERCORE INC (EVR) | 1.3% | — | −1.3 pts | −7,566 sh | −100% |
| Exited | MARSH & MCLENNAN COS INC (MRSH) | 1.3% | — | −1.3 pts | −15,375 sh | −100% |
| Exited | INNOVATOR ETFS TRUST (NNOV) | 1.3% | — | −1.3 pts | −81,081 sh | −100% |
| Exited | FERGUSON ENTERPRISES INC (FERG) | 1.3% | — | −1.3 pts | −10,742 sh | −100% |
| Exited | LEGENCE CORP (LGN) | 1.2% | — | −1.2 pts | −28,832 sh | −100% |
| New | CATERPILLAR INC (CAT) | — | 1.2% | +1.2 pts | +3,147 sh | new |
| Exited | REALTY INCOME CORP (O) | 1.2% | — | −1.2 pts | −37,542 sh | −100% |
| Exited | FIRST SOLAR INC (FSLR) | 1.1% | — | −1.1 pts | −9,234 sh | −100% |
| New | BOSTON SCIENTIFIC CORP (BSX) | — | 1.1% | +1.1 pts | +50,927 sh | new |
| New | HOWMET AEROSPACE INC (HWM) | — | 1.0% | +1.0 pts | +9,226 sh | new |
| New | INNOVATOR ETFS TRUST (NJUL) | — | 1.0% | +1.0 pts | +25,775 sh | new |
| New | SANDISK CORP (SNDK) | — | 0.8% | +0.8 pts | +998 sh | new |
| Reduced | INCYTE CORP (INCY) | 1.4% | 0.6% | −0.8 pts | −13,879 sh | −56% |
| New | ROBINHOOD MKTS INC (HOOD) | — | 0.8% | +0.8 pts | +14,263 sh | new |
| Exited | COPT DEFENSE PROPERTIES (CDP) | 0.7% | — | −0.7 pts | −37,872 sh | −100% |
| Increased | VERTIV HOLDINGS CO (VRT) | 0.6% | 1.1% | +0.5 pts | +5,816 sh | +162% |
| New | AMAZON COM INC (AMZN) | — | 0.7% | +0.7 pts | +5,611 sh | new |
| Exited | MASTEC INC (MTZ) | 0.7% | — | −0.7 pts | −3,150 sh | −100% |
| Increased | NVIDIA CORPORATION (NVDA) | 3.6% | 4.5% | +0.9 pts | +5,737 sh | +16% |
| Exited | SUPER GROUP SGHC LIMITED (SGHC) | 0.6% | — | −0.6 pts | −91,693 sh | −100% |
| New | CITIGROUP INC (C) | — | 0.6% | +0.6 pts | +9,895 sh | new |
| New | CADENCE DESIGN SYSTEM INC (CDNS) | — | 0.6% | +0.6 pts | +3,872 sh | new |
| Increased | APPLE INC (AAPL) | 1.3% | 2.1% | +0.7 pts | +3,749 sh | +40% |
| New | BANK OF AMER CORP (BAC) | — | 0.6% | +0.6 pts | +22,708 sh | new |
| Exited | CELESTICA INC (CLS) | 0.6% | — | −0.6 pts | −3,184 sh | −100% |
| New | JPMORGAN CHASE & CO (JPM) | — | 0.6% | +0.6 pts | +3,630 sh | new |
| Increased | UNITED AIRLS HLDGS INC (UAL) | 0.7% | 1.1% | +0.4 pts | +10,341 sh | +96% |
| Reduced | NEUROCRINE BIOSCIENCES INC (NBIX) | 1.3% | 0.5% | −0.8 pts | −8,005 sh | −53% |
| New | BLOCK H & R INC (HRB) | — | 0.5% | +0.5 pts | +24,644 sh | new |
| New | EQT CORP (EQT) | — | 0.5% | +0.5 pts | +20,597 sh | new |
| Reduced | UNITED THERAPEUTICS CORP DEL (UTHR) | 1.2% | 0.7% | −0.5 pts | −1,754 sh | −40% |
| Increased | APPLIED MATLS INC (AMAT) | 1.1% | 1.1% | 0.0 pts | +1,641 sh | +54% |
| Exited | ZEVRA THERAPEUTICS INC (ZVRA) | 0.3% | — | −0.3 pts | −46,336 sh | −100% |
| Reduced | INNOVATOR ETFS TRUST (NMAR) | 20.7% | 20.1% | −0.6 pts | −17,449 sh | −1% |
| New | INNOVATOR ETFS TRUST (NAUG) | — | 0.1% | +0.1 pts | +8,050 sh | new |
| Reduced | VANGUARD INDEX FDS (VUG) | 1.2% | 1.1% | 0.0 pts | −797 sh | −3% |
| Reduced | VANECK ETF TRUST (MOAT) | 1.1% | 1.1% | −0.1 pts | −649 sh | −3% |
| Reduced | INVESCO QQQ TR (QQQ) | 4.5% | 4.3% | −0.2 pts | −89 sh | −1% |
| Reduced | INNOVATOR ETFS TRUST (NFEB) | 0.6% | 0.6% | 0.0 pts | −1,681 sh | −4% |
| Reduced | ARISTA NETWORKS INC (ANET) | 1.4% | 1.6% | +0.2 pts | −88 sh | −1% |
| Reduced | SERVICENOW INC (NOW) | 1.3% | 1.6% | +0.4 pts | −114 sh | 0% |
| Increased | REGENERON PHARMACEUTICALS (REGN) | 1.0% | 1.1% | +0.2 pts | +19 sh | +1% |
| Increased | ALPHABET INC (GOOG) | 1.9% | 1.7% | −0.1 pts | +35 sh | 0% |
| Reduced | MICROSOFT CORP (MSFT) | 1.6% | 2.1% | +0.5 pts | −21 sh | 0% |
| Increased | BROADCOM INC (AVGO) | 1.3% | 1.1% | −0.1 pts | +30 sh | 0% |
The 50 largest of 60 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 — 62.7% of the equity book
Changes in the top 10 this quarter: NSEP entered · AAPL entered · ANET entered · NOCT left · APH left · NJUN left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | INNOVATOR ETFS TRUST (NMAR) | 20.7% | 20.1% | |
| 2 | STATE STR SPDR S&P 500 ETF T (SPY) | 9.4% | 12.2% | |
| 3 | INVESCO EXCHANGE TRADED FD T (RSP) | 13.9% | 9.9% | |
| 4 | NVIDIA CORPORATION (NVDA) | 3.6% | 4.5% | |
| 5 | INVESCO QQQ TR (QQQ) | 4.5% | 4.3% | |
| 6 | INNOVATOR ETFS TRUST (NSEP) | 0.0% | 4.1% | Entered the top 10 |
| 7 | MICROSOFT CORP (MSFT) | 1.6% | 2.1% | |
| 8 | APPLE INC (AAPL) | 1.3% | 2.1% | Entered the top 10 |
| 9 | ALPHABET INC (GOOG) | 1.9% | 1.7% | |
| 10 | ARISTA NETWORKS INC (ANET) | 1.4% | 1.6% | Entered the top 10 |
| — | INNOVATOR ETFS TRUST (NOCT) | 3.3% | 0.5% | Left the top 10 |
| — | AMPHENOL CORP (APH) | 1.5% | 1.4% | Left the top 10 |
| — | INNOVATOR ETFS TRUST (NJUN) | 1.5% | 1.5% | 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).