Element Squared LLC

CIK

2086643

Location

MINNEAPOLIS, MN

Portfolio Value

Small $104,087,364

Diversification

Diversified

Filing Date

Global Rank

#6,022 / 8,633 ▲ 37

Top Industry

Semiconductors 16.5%

3Y Alpha vs SPY

-7.9%

Period ended 51 days ago

Filed Jul 28, 2026 · 23d

5 quarters · since Jun 2025

Clone Performance

Aug 2025–Aug 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+13.6%

SPY

+19.2%

Annualised alpha

-5.6%

Max drawdown

−12.1%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. Returns use comparable raw closes and exclude dividends; a captured split can shorten the simulated window. It tracks 100% of reported value on average across 5 quarters. Past performance does not predict future results.

Portfolio Concentration

36 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

18.2%

+2.1 pts

Top 5

40.0%

−4.3 pts

Top 10

53.5%

−2.4 pts

HHI

609

Diversified−58

Portfolio Trend

5 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Technology	31.7%	$32,973,594	12
Unclassified	27.0%	$28,129,136	2
Healthcare	14.0%	$14,530,080	7
Financial Services	10.1%	$10,542,299	4
Industrials	8.8%	$9,193,201	6
Consumer Cyclical	3.7%	$3,852,160	2
Real Estate	3.6%	$3,704,264	2
Communication Services	1.1%	$1,162,630	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

10 positions

Ticker	Company	Δ Shares	Shares	Value
O	Realty Income Corp	+1,779	37,542	$2,326,102
INCY	Incyte Corp	+829	24,786	$2,809,740
SPY	Spdr S&P 500 ETF Trust	+748	25,435	$18,994,094
APH	Amphenol Corp /De/	+660	17,636	$3,109,579
IBKR	Interactive Brokers Group, Inc.	+582	32,278	$2,809,477
EXPE	Expedia Group, Inc.	+352	10,199	$2,609,720
AXP	American Express Co	+260	7,648	$2,586,936
AAPL	Apple Inc.	+211	9,296	$2,689,890
REGN	Regeneron Pharmaceuticals, Inc.	+147	3,083	$1,922,373
UTHR	UNITED THERAPEUTICS Corp	+109	4,349	$2,356,418
No positions match the current search.

Trimmed

Positions the filer reduced

9 positions

Ticker	Company	Δ Shares	Shares	Value
NVDA	Nvidia Corp	−22,081	35,946	$7,192,435
QQQ	Invesco Qqq Trust, Series 1	−9,731	12,405	$9,135,042
CLS	Celestica Inc	−4,815	3,184	$1,161,523
AMAT	Applied Materials Inc /De	−3,235	3,028	$2,189,244
FSLR	First Solar, Inc.	−2,127	9,234	$2,178,854
META	Meta Platforms, Inc.	−1,521	2,064	$1,162,630
LLY	ELI LILLY & Co	−811	1,480	$1,775,156
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−453	5,990	$2,860,644
EVR	Evercore Inc.	−328	7,566	$2,583,335
No positions match the current search.

New Positions

Positions the filer opened this quarter

16 positions

Ticker	Company	Shares	Value
MSFT	Microsoft Corp	8,590	$3,204,241
ANET	Arista Networks, Inc.	16,919	$2,874,199
MRSH	Marsh & Mclennan Companies, Inc.	15,375	$2,562,551
NBIX	Neurocrine Biosciences Inc	15,167	$2,556,246
FERG	Ferguson Enterprises Inc. /DE/	10,742	$2,549,398
NOW	ServiceNow, Inc.	25,359	$2,517,641
AVGO	Broadcom Inc.	6,663	$2,516,948
LGN	Legence Corp.	28,832	$2,457,351
GILD	Gilead Sciences, Inc.	19,358	$2,445,689
UAL	United Airlines Holdings, Inc.	10,803	$1,469,099
CDP	Copt Defense Properties	37,872	$1,378,162
MTZ	Mastec Inc	3,150	$1,310,589
SGHC	Super Group (SGHC) Ltd	91,693	$1,242,440
VRT	Vertiv Holdings Co	3,585	$1,200,329
ZVRA	Zevra Therapeutics, Inc.	46,336	$664,458
MMM	3M Co	1,275	$206,435
No positions match the current search.

Sold Out

Positions the filer fully exited

12 positions

Ticker	Company	Shares	Value
PBR	Petrobras - Petroleo Brasileiro SA	120,245	$2,495,083
AMX	America Movil Sab De Cv/	93,198	$2,374,685
TEL	TE Connectivity plc	10,791	$2,255,534
AMD	Advanced Micro Devices Inc	11,048	$2,247,494
AEM	Agnico Eagle Mines Ltd	10,937	$2,219,992
NEM	NEWMONT Corp /DE/	20,477	$2,216,635
CBOE	Cboe Global Markets, Inc.	7,871	$2,212,301
SHOP	Shopify Inc.	18,444	$2,187,827
SCHW	Schwab Charles Corp	23,180	$2,178,456
GOOGL	Alphabet Inc.	7,488	$2,148,007
RYAAY	Ryanair Holdings PLC	36,323	$2,099,469
RMBS	Rambus Inc	23,567	$2,027,469
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

36 tracked positions · $104,087,364 total · as of Jun 30, 2026

All sectors Communication Services Consumer Cyclical Financial Services Healthcare Industrials Real Estate Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SPY	Spdr S&P 500 ETF Trust	Added	25,435	+748	$18,994,094	+18.3%	18.25%
QQQ	Invesco Qqq Trust, Series 1	Reduced	12,405	-9,731	$9,135,042	−28.5%	8.78%
NVDA	Nvidia Corp Technology	Reduced	35,946	-22,081	$7,192,435	−28.9%	6.91%
MSFT	Microsoft Corp Technology	NEW	8,590	NEW	$3,204,241	NEW	3.08%
APH	Amphenol Corp /De/ Technology	Added	17,636	+660	$3,109,579	—	2.99%
ANET	Arista Networks, Inc. Technology	NEW	16,919	NEW	$2,874,199	NEW	2.76%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	5,990	-453	$2,860,644	+31.4%	2.75%
INCY	Incyte Corp Healthcare	Added	24,786	+829	$2,809,740	+24.6%	2.70%
IBKR	Interactive Brokers Group, Inc. Financial Services	Added	32,278	+582	$2,809,477	+32.2%	2.70%
AAPL	Apple Inc. Technology	Added	9,296	+211	$2,689,890	+16.7%	2.58%
EXPE	Expedia Group, Inc. Consumer Cyclical	Added	10,199	+352	$2,609,720	+14.8%	2.51%
AXP	American Express Co Financial Services	Added	7,648	+260	$2,586,936	+15.8%	2.49%
EVR	Evercore Inc. Financial Services	Reduced	7,566	-328	$2,583,335	+9.6%	2.48%
MRSH	Marsh & Mclennan Companies, Inc. Financial Services	NEW	15,375	NEW	$2,562,551	NEW	2.46%
NBIX	Neurocrine Biosciences Inc Healthcare	NEW	15,167	NEW	$2,556,246	NEW	2.46%
FERG	Ferguson Enterprises Inc. /DE/ Industrials	NEW	10,742	NEW	$2,549,398	NEW	2.45%
NOW	ServiceNow, Inc. Technology	NEW	25,359	NEW	$2,517,641	NEW	2.42%
AVGO	Broadcom Inc. Technology	NEW	6,663	NEW	$2,516,948	NEW	2.42%
LGN	Legence Corp. Industrials	NEW	28,832	NEW	$2,457,351	NEW	2.36%
GILD	Gilead Sciences, Inc. Healthcare	NEW	19,358	NEW	$2,445,689	NEW	2.35%
UTHR	UNITED THERAPEUTICS Corp Healthcare	Added	4,349	+109	$2,356,418	−6.3%	2.26%
O	Realty Income Corp Real Estate	Added	37,542	+1,779	$2,326,102	+6.3%	2.23%
AMAT	Applied Materials Inc /De Technology	Reduced	3,028	-3,235	$2,189,244	+2.3%	2.10%
FSLR	First Solar, Inc. Technology	Reduced	9,234	-2,127	$2,178,854	−2.8%	2.09%
REGN	Regeneron Pharmaceuticals, Inc. Healthcare	Added	3,083	+147	$1,922,373	−15.3%	1.85%
LLY	ELI LILLY & Co Healthcare	Reduced	1,480	-811	$1,775,156	−15.8%	1.71%
UAL	United Airlines Holdings, Inc. Industrials	NEW	10,803	NEW	$1,469,099	NEW	1.41%
CDP	Copt Defense Properties Real Estate	NEW	37,872	NEW	$1,378,162	NEW	1.32%
MTZ	Mastec Inc Industrials	NEW	3,150	NEW	$1,310,589	NEW	1.26%
SGHC	Super Group (SGHC) Ltd Consumer Cyclical	NEW	91,693	NEW	$1,242,440	NEW	1.19%
VRT	Vertiv Holdings Co Industrials	NEW	3,585	NEW	$1,200,329	NEW	1.15%
META	Meta Platforms, Inc. Communication Services	Reduced	2,064	-1,521	$1,162,630	−43.3%	1.12%
CLS	Celestica Inc Technology	Reduced	3,184	-4,815	$1,161,523	−48.4%	1.12%
ZVRA	Zevra Therapeutics, Inc. Healthcare	NEW	46,336	NEW	$664,458	NEW	0.64%
LRCX	Lam Research Corp Technology	Held	1,104	0	$478,396	+102.8%	0.46%
MMM	3M Co Industrials	NEW	1,275	NEW	$206,435	NEW	0.20%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.