Element Squared LLC

Portfolio Overview

Element Squared LLC disclosed 42 positions worth $177.3M in its Form 13F-HR for Q1 2026, followed by $IVZ and $SPY. During the quarter the fund opened 20 new positions and exited 27 — including a new stake in $PBR and a full exit from $PH. The portfolio is most concentrated in Other (48.5% of disclosed assets). All figures are sourced directly from Element Squared LLC’s Form 13F-HR filing with the SEC under CIK 2086643.

• INNOVATOR ETFS TRUST

  —

  Quality

  $38.9M1,323,926 sh
• 

  Invesco Ltd.

  $IVZ

  —

  Quality

  $18.6M96,856 sh
• 

  SPDR S&P 500 ETF TRUST

  $SPY

  —

  Quality

  $16.1M24,687 sh
• 

  INVESCO QQQ TRUST, SERIES 1

  $QQQ

  —

  Quality

  $12.8M22,136 sh
• 

  NVIDIA CORP

  $NVDA

  90.2

  Quality

  $10.1M58,027 sh

• INNOVATOR ETFS TRUST

  —

  Quality

  $6.9M122,309 sh
• 

  UNITED THERAPEUTICS Corp

  $UTHR

  80.1

  Quality

  $2.5M4,240 sh
• 

  PETROBRAS - PETROLEO BRASILEIRO SA

  $PBR

  —

  Quality

  $2.5M120,245 sh
• 

  AMERICA MOVIL SAB DE CV/

  $AMX

  —

  Quality

  $2.4M93,198 sh
• 

  Evercore Inc.

  $EVR

  76.1

  Quality

  $2.4M7,894 sh

Company	Quality	Value	Shares
INNOVATOR ETFS TRUST	—	$38.9M	1,323,926
Invesco Ltd.$IVZ	—	$18.6M	96,856
SPDR S&P 500 ETF TRUST$SPY	—	$16.1M	24,687
INVESCO QQQ TRUST, SERIES 1$QQQ	—	$12.8M	22,136
NVIDIA CORP$NVDA	90.2	$10.1M	58,027
INNOVATOR ETFS TRUST	—	$6.9M	122,309
UNITED THERAPEUTICS Corp$UTHR	80.1	$2.5M	4,240
PETROBRAS - PETROLEO BRASILEIRO SA$PBR	—	$2.5M	120,245
AMERICA MOVIL SAB DE CV/$AMX	—	$2.4M	93,198
Evercore Inc.$EVR	76.1	$2.4M	7,894

Showing top 10 of 42 holdings.

Full Holdings — Element Squared LLC (Q1 2026)

All 42 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.

#	Ticker	Company	Value	Weight	QoQ	Quality
1	—	INNOVATOR ETFS TRUST	$38.9M	21.9%	+108%	—
2	$IVZ	Invesco Ltd.	$18.6M	10.5%	+29%	—
3	$SPY	SPDR S&P 500 ETF TRUST	$16.1M	9.1%	+10%	—
4	$QQQ	INVESCO QQQ TRUST, SERIES 1	$12.8M	7.2%	+99%	—
5	$NVDA	NVIDIA CORP	$10.1M	5.7%	-19%	90.2
6	—	INNOVATOR ETFS TRUST	$6.9M	3.9%	-81%	—
7	$UTHR	UNITED THERAPEUTICS Corp	$2.5M	1.4%	-16%	80.1
8	$PBR	PETROBRAS - PETROLEO BRASILEIRO SA	$2.5M	1.4%	NEW	—
9	$AMX	AMERICA MOVIL SAB DE CV/	$2.4M	1.3%	NEW	—
10	$EVR	Evercore Inc.	$2.4M	1.3%	NEW	76.1
11	—	INNOVATOR ETFS TRUST	$2.3M	1.3%	-76%	—
12	$AAPL	Apple Inc.	$2.3M	1.3%	-31%	76.1
13	$EXPE	Expedia Group, Inc.	$2.3M	1.3%	NEW	65.7
14	$REGN	REGENERON PHARMACEUTICALS, INC.	$2.3M	1.3%	NEW	75.1
15	$TEL	TE Connectivity plc	$2.3M	1.3%	NEW	—
16	$INCY	INCYTE CORP	$2.3M	1.3%	NEW	81.2
17	$CLS	CELESTICA INC	$2.3M	1.3%	NEW	69
18	$AMD	ADVANCED MICRO DEVICES INC	$2.2M	1.3%	-12%	78.8
19	$FSLR	FIRST SOLAR, INC.	$2.2M	1.3%	NEW	73.8
20	$AXP	AMERICAN EXPRESS CO	$2.2M	1.3%	NEW	73.2
21	$AEM	AGNICO EAGLE MINES LTD	$2.2M	1.3%	NEW	—
22	$NEM	NEWMONT Corp /DE/	$2.2M	1.3%	NEW	88.3
23	$CBOE	Cboe Global Markets, Inc.	$2.2M	1.3%	NEW	81.2
24	$O	REALTY INCOME CORP	$2.2M	1.2%	NEW	74.6
25	$SHOP	SHOPIFY INC.	$2.2M	1.2%	+166%	—
26	$SCHW	SCHWAB CHARLES CORP	$2.2M	1.2%	NEW	77.2
27	$TSM	TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD	$2.2M	1.2%	-20%	—
28	—	VANECK ETF TRUST	$2.2M	1.2%	-1%	—
29	$GOOGL	Alphabet Inc.	$2.1M	1.2%	-15%	80.2
30	$APH	AMPHENOL CORP /DE/	$2.1M	1.2%	-21%	80.5
31	$AMAT	APPLIED MATERIALS INC /DE	$2.1M	1.2%	NEW	74.8
32	$IBKR	Interactive Brokers Group, Inc.	$2.1M	1.2%	NEW	75.5
33	$LLY	ELI LILLY & Co	$2.1M	1.2%	NEW	89.3
34	$RYAAY	RYANAIR HOLDINGS PLC	$2.1M	1.2%	NEW	—
35	—	VANGUARD INDEX FDS	$2.1M	1.2%	+2%	—
36	$META	Meta Platforms, Inc.	$2.1M	1.2%	-3%	80.9
37	$RMBS	RAMBUS INC	$2.0M	1.1%	NEW	75.2
38	—	INNOVATOR ETFS TRUST	$1.8M	1.0%	+0%	—
39	—	INNOVATOR ETFS TRUST	$1.7M	1.0%	-45%	—
40	—	INNOVATOR ETFS TRUST	$1.1M	0.6%	-94%	—
41	$LRCX	LAM RESEARCH CORP	$235,917	0.1%	-23%	82.4
42	—	INNOVATOR ETFS TRUST	$220,471	0.1%	-59%	—