Element Squared LLC
CIK 2086643 · View on SEC EDGAR ↗
- Portfolio value
- $201.0M
- Positions
- 49
- As of
- June 30, 2026
#5,951 of 8,643 by 13F value · top 68.9%
Portfolio value QoQ: +13.4% 13F does not disclose cash
- Top 10 holdings weight
- 62.03%
- Top 25 holdings weight
- 81.70%
- Positions above 1%
- 32
- Effective number of positions
- 12.3
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 23.79% Est. buys $47,421,356 · sells $44,991,472
Median holding: 1.5 quarters Tracked Q2 2025–Q2 2026 · 37.7% still held
- New positions
- 18
- Increased
- 13
- Decreased
- 13
- Closed
- 11
On this page
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Sector breakdown
Technology
12.8%
Healthcare
7.2%
Industrials
6.7%
Financial Services
4.0%
Communication Services
2.5%
Consumer Discretionary
1.9%
Real Estate
1.8%
Communications
1.4%
Financials
1.3%
Other/Unmapped
60.3%
Full portfolio 49 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| NMAR | $41,674,894 | 20.73% | 1,293,733 | $2,777,946 | Down ×1 | ||
| RSP | $27,930,318 | 13.90% | 131,270 | $9,341,671 | Up ×4 | ||
| SPY SPY | $18,993,928 | 9.45% | 25,435 | $2,938,776 | Up ×3 | ||
| QQQ Invesco QQQ Trust, Series 1 | $9,135,166 | 4.54% | 12,405 | $-3,641,502 | Down ×1 | ||
| NVDA NVIDIA Corporation - Common Stock | $7,192,400 | 3.58% | 35,946 | $-2,927,455 | Down ×3 | ||
| NOCT | $6,601,604 | 3.28% | 105,583 | $-292,343 | Down ×2 | ||
| GOOG Alphabet Inc. - Class C Capital Stock | $3,782,808 | 1.88% | 10,706 | $1,634,810 | Up ×1 | ||
| MSFT Microsoft Corporation - Common Stock | $3,204,134 | 1.59% | 8,590 | Up ×1 | |||
| APH Amphenol Corporation Common Stock | $3,109,592 | 1.55% | 17,636 | $964,618 | Up ×1 | ||
| NJUN | $3,051,905 | 1.52% | 92,876 | Up ×1 | |||
| ANET Arista Networks, Inc. Common Stock | $2,874,200 | 1.43% | 16,919 | ||||
| TSM Taiwan Semiconductor Manufacturing Company Ltd. | $2,860,745 | 1.42% | 5,990 | $683,478 | Down ×3 | ||
| INCY Incyte Corporation - Common Stock | $2,809,741 | 1.40% | 24,786 | $554,908 | Up ×1 | ||
| IBKR Interactive Brokers Group, Inc. - Class A Common Stock | $2,809,462 | 1.40% | 32,278 | $683,617 | Up ×1 | ||
| AAPL Apple Inc. - Common Stock | $2,689,758 | 1.34% | 9,296 | $384,081 | Up ×1 | ||
| EXPE Expedia Group, Inc. - Common Stock | $2,609,641 | 1.30% | 10,199 | $336,177 | Up ×1 | ||
| AXP American Express Company Common Stock | $2,586,838 | 1.29% | 7,648 | $352,116 | Up ×1 | ||
| EVR Evercore Inc. Class A Common Stock | $2,583,368 | 1.29% | 7,566 | $227,073 | Down ×1 | ||
| MRSH Marsh Common Stock | $2,562,551 | 1.27% | 15,375 | Up ×1 | |||
| NBIX Neurocrine Biosciences, Inc. - Common Stock | $2,556,171 | 1.27% | 15,167 | Up ×1 | |||
| NNOV | $2,549,746 | 1.27% | 81,081 | $239,294 | Down ×2 | ||
| FERG Ferguson Enterprises Inc. Common Stock | $2,549,415 | 1.27% | 10,742 | Up ×1 | |||
| NOW ServiceNow, Inc. Common Stock | $2,517,642 | 1.25% | 25,359 | Up ×1 | |||
| AVGO Broadcom Inc. - Common Stock | $2,516,936 | 1.25% | 6,663 | ||||
| LGN Legence Corp. - Class A Common stock | $2,457,351 | 1.22% | 28,832 | Up ×1 | |||
| GILD Gilead Sciences, Inc. - Common Stock | $2,445,749 | 1.22% | 19,358 | Up ×1 | |||
| VUG | $2,378,453 | 1.18% | 27,611 | $314,890 | Up ×3 | ||
| UTHR United Therapeutics Corporation - Common Stock | $2,356,419 | 1.17% | 4,349 | $-157,816 | Up ×1 | ||
| O Realty Income Corporation Common Stock | $2,326,092 | 1.16% | 37,542 | $138,109 | Up ×1 | ||
| MOAT | $2,263,764 | 1.13% | 21,775 | $101,415 | Down ×2 | ||
| AMAT Applied Materials, Inc. - Common Stock | $2,188,966 | 1.09% | 3,028 | $48,474 | Down ×1 | ||
| FSLR First Solar, Inc. - Common Stock | $2,178,855 | 1.08% | 9,234 | $-62,216 | Down ×1 | ||
| REGN Regeneron Pharmaceuticals, Inc. - Common Stock | $1,922,146 | 0.96% | 3,083 | $-346,621 | Up ×1 | ||
| PMAY | $1,897,510 | 0.94% | 45,945 | $62,485 | |||
| PJAN | $1,871,777 | 0.93% | 37,821 | $127,080 | |||
| LLY Eli Lilly and Company Common Stock | $1,774,849 | 0.88% | 1,480 | $-332,065 | Down ×1 | ||
| UAL United Airlines Holdings, Inc. - Common Stock | $1,469,100 | 0.73% | 10,803 | Up ×1 | |||
| NMAY | $1,463,424 | 0.73% | 49,518 | Up ×1 | |||
| CDP COPT Defense Properties Common Shares of Beneficial Interest | $1,378,162 | 0.69% | 37,872 | Up ×1 | |||
| MTZ MasTec, Inc. Common Stock | $1,310,589 | 0.65% | 3,150 | Up ×1 | |||
| SGHC Super Group (SGHC) Limited Ordinary Shares | $1,242,440 | 0.62% | 91,693 | Up ×1 | |||
| NFEB | $1,203,200 | 0.60% | 39,658 | $116,927 | |||
| VRT Vertiv Holdings, LLC Class A Common Stock | $1,200,330 | 0.60% | 3,585 | Up ×1 | |||
| META Meta Platforms, Inc. - Class A Common Stock | $1,162,766 | 0.58% | 2,064 | $-888,590 | Down ×2 | ||
| CLS Celestica, Inc. Common Stock | $1,161,523 | 0.58% | 3,184 | $-1,091,635 | Down ×1 | ||
| ZVRA Zevra Therapeutics, Inc. - Common Stock | $664,458 | 0.33% | 46,336 | Up ×1 | |||
| LRCX Lam Research Corporation - Common Stock | $478,470 | 0.24% | 1,104 | $242,553 | |||
| NJAN | $243,812 | 0.12% | 4,131 | $23,341 | |||
| MMM 3M Company Common Stock | $206,399 | 0.10% | 1,275 | ||||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
| Security | Value | % of portfolio | Streak |
|---|---|---|---|
| RSP | $27,930,318 | 13.90% | up ×4 |
| SPY | $18,993,928 | 9.45% | up ×3 |
| VUG | $2,378,453 | 1.18% | up ×3 |
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| MSFT | $3,204,134 | 8,590 | 1.59% |
| NJUN | $3,051,905 | 92,876 | 1.52% |
| ANET | $2,874,200 | 16,919 | 1.43% |
| MRSH | $2,562,551 | 15,375 | 1.27% |
| NBIX | $2,556,171 | 15,167 | 1.27% |
| FERG | $2,549,415 | 10,742 | 1.27% |
| NOW | $2,517,642 | 25,359 | 1.25% |
| AVGO | $2,516,936 | 6,663 | 1.25% |
| LGN | $2,457,351 | 28,832 | 1.22% |
| GILD | $2,445,749 | 19,358 | 1.22% |
| UAL | $1,469,100 | 10,803 | 0.73% |
| NMAY | $1,463,424 | 49,518 | 0.73% |
| CDP | $1,378,162 | 37,872 | 0.69% |
| MTZ | $1,310,589 | 3,150 | 0.65% |
| SGHC | $1,242,440 | 91,693 | 0.62% |
Top movers (QoQ)
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| NDEC | Dec. 31, 2025 | 1,077,603 | $29,143,767 | No longer tracked |
| NFEB | Dec. 31, 2025 | 308,274 | $8,384,583 | No longer tracked |
| NAPR | Dec. 31, 2025 | 67,172 | $3,536,671 | No longer tracked |
| GOOGL | March 31, 2026 | 8,833 | $2,764,631 | 18.9% |
| PH | March 31, 2026 | 3,116 | $2,739,043 | 16.1% |
| APP | March 31, 2026 | 3,969 | $2,674,392 | -22.3% |
| AVGO | March 31, 2026 | 7,726 | $2,673,948 | 16.9% |
| BIIB | March 31, 2026 | 15,051 | $2,648,826 | 19.3% |
| ABBV | March 31, 2026 | 11,518 | $2,631,784 | 22.0% |
| AZN | March 31, 2026 | 28,452 | $2,615,604 | -16.4% |
| BMY | March 31, 2026 | 48,420 | $2,611,773 | 12.1% |
| AFRM | March 31, 2026 | 33,664 | $2,505,612 | 65.3% |
| PBR | June 30, 2026 | 120,245 | $2,495,084 | 16.6% |
| COP | March 31, 2026 | 25,868 | $2,421,479 | -0.6% |
| AMZN | March 31, 2026 | 10,479 | $2,418,704 | 24.9% |
| V | Dec. 31, 2025 | 7,036 | $2,402,008 | 5.0% |
| ETN | Dec. 31, 2025 | 6,354 | $2,378,078 | 31.3% |
| MA | March 31, 2026 | 4,164 | $2,377,313 | 16.3% |
| FDS | March 31, 2026 | 8,189 | $2,376,409 | 36.1% |
| AMX | June 30, 2026 | 93,198 | $2,374,685 | -9.0% |
| MELI | Dec. 31, 2025 | 1,015 | $2,372,179 | -9.7% |
| FAST | Dec. 31, 2025 | 48,292 | $2,368,262 | 29.3% |
| UBER | Dec. 31, 2025 | 24,057 | $2,356,890 | -7.0% |
| ORLY | Dec. 31, 2025 | 21,772 | $2,347,242 | 1.1% |
| INTU | March 31, 2026 | 3,509 | $2,324,413 | -16.6% |
| SNPS | Dec. 31, 2025 | 4,671 | $2,304,625 | -14.2% |
| TT | Dec. 31, 2025 | 5,359 | $2,261,128 | 18.0% |
| TEL | June 30, 2026 | 10,791 | $2,255,535 | 1.5% |
| MDLZ | Dec. 31, 2025 | 36,053 | $2,252,247 | 18.6% |
| AMD | June 30, 2026 | 11,048 | $2,247,495 | -20.1% |
| TW | Sept. 30, 2025 | 15,335 | $2,244,981 | -4.4% |
| TDG | Dec. 31, 2025 | 1,703 | $2,244,938 | -7.1% |
| FTNT | Sept. 30, 2025 | 21,198 | $2,241,053 | 82.8% |
| AEM | June 30, 2026 | 10,937 | $2,220,035 | 30.1% |
| NEM | June 30, 2026 | 20,477 | $2,216,671 | 33.5% |
| KO | Dec. 31, 2025 | 33,414 | $2,216,038 | 28.6% |
| CBOE | June 30, 2026 | 7,871 | $2,212,392 | No longer tracked |
| MCK | March 31, 2026 | 2,681 | $2,199,250 | -0.1% |
| ADSK | March 31, 2026 | 7,429 | $2,199,058 | 5.6% |
| SHOP | June 30, 2026 | 18,444 | $2,187,827 | 29.9% |
| SCHW | June 30, 2026 | 23,180 | $2,178,421 | 21.3% |
| EXPE | Dec. 31, 2025 | 10,073 | $2,153,104 | 16.6% |
| BRO | Sept. 30, 2025 | 19,401 | $2,150,986 | -23.8% |
| SYK | Sept. 30, 2025 | 5,427 | $2,147,061 | -7.3% |
| MCD | March 31, 2026 | 7,019 | $2,145,366 | -12.7% |
| ADP | Sept. 30, 2025 | 6,920 | $2,134,150 | -5.7% |
| PAYX | Sept. 30, 2025 | 14,600 | $2,123,705 | -3.0% |
| ORCL | Dec. 31, 2025 | 7,510 | $2,112,100 | -28.6% |
| CTAS | Dec. 31, 2025 | 10,267 | $2,107,499 | 8.6% |
| RYAAY | June 30, 2026 | 36,323 | $2,099,469 | -14.7% |
| BLK | March 31, 2026 | 1,953 | $2,090,809 | 21.4% |
| BSX | Dec. 31, 2025 | 21,331 | $2,082,514 | -45.9% |
| NJUL | March 31, 2026 | 28,067 | $2,038,198 | No longer tracked |
| ANET | March 31, 2026 | 15,482 | $2,028,606 | 53.8% |
| RMBS | June 30, 2026 | 23,567 | $2,027,469 | -32.6% |
| DIS | Dec. 31, 2025 | 17,582 | $2,013,122 | -6.5% |
| SPOT | March 31, 2026 | 3,444 | $1,999,800 | 10.3% |
| AME | Sept. 30, 2025 | 10,849 | $1,963,184 | 31.9% |
| BR | Sept. 30, 2025 | 8,053 | $1,957,121 | -27.1% |
| MO | Sept. 30, 2025 | 33,034 | $1,936,776 | -0.8% |
| QQQ | Sept. 30, 2025 | 3,499 | $1,930,132 | |
| TJX | Sept. 30, 2025 | 15,354 | $1,896,029 | 3.0% |
| RDDT | Dec. 31, 2025 | 8,225 | $1,891,668 | -32.5% |
| CMG | Sept. 30, 2025 | 33,626 | $1,888,072 | -10.6% |
| GWW | Sept. 30, 2025 | 1,755 | $1,825,829 | 39.0% |
| MSI | Sept. 30, 2025 | 4,332 | $1,821,639 | 4.8% |
| AZO | Sept. 30, 2025 | 471 | $1,748,460 | -26.8% |
| COST | Sept. 30, 2025 | 1,630 | $1,613,567 | 5.3% |
| AXSM | March 31, 2026 | 8,079 | $1,475,549 | 30.4% |
| RMD | March 31, 2026 | 6,067 | $1,461,407 | 1.6% |
| BRKB | Sept. 30, 2025 | 2,763 | $1,342,183 | No longer tracked |
| HALO | March 31, 2026 | 17,726 | $1,192,960 | 64.2% |
| NAUG | March 31, 2026 | 40,248 | $1,190,133 | No longer tracked |
| SYM | Dec. 31, 2025 | 21,081 | $1,136,266 | -32.9% |
| XOM | March 31, 2026 | 9,370 | $1,127,598 | -1.1% |
| VZ | Dec. 31, 2025 | 25,564 | $1,123,539 | 21.3% |
| PINS | March 31, 2026 | 43,388 | $1,123,315 | 26.8% |
| TSLA | Dec. 31, 2025 | 2,476 | $1,101,066 | -24.8% |
| TOST | March 31, 2026 | 29,895 | $1,061,571 | 34.7% |
| AXON | Dec. 31, 2025 | 1,134 | $813,804 | 11.4% |
| APPF | Dec. 31, 2025 | 2,939 | $810,165 | -9.3% |
| WM | Dec. 31, 2025 | 3,157 | $697,209 | 3.3% |
| TMUS | Sept. 30, 2025 | 2,225 | $530,237 | -22.3% |
| WDAY | March 31, 2026 | 1,311 | $281,577 | 50.9% |
| NMAR | Dec. 31, 2025 | 9,640 | $277,245 | No longer tracked |
| MMM | March 31, 2026 | 1,262 | $202,064 | 26.2% |