Element Squared LLC
Long book
$177.3M
Q1 2026
Positions
42
Top-10 weight
64%
concentration
Last quarter
+13.9%
SPY +14.8%
Turnover
74%
of book per quarter
Strategy in plain words
auto-generated from filingsElement Squared LLC is a wealth-management firm allocating client money, running a $177.3M US long book across 42 positions.
The portfolio is concentrated: the top 10 names carry 64% of the portfolio. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: INNOVATOR GRW-100 PB ETF MAR, INVESCO S&P 500 EQUAL WEIGHT, SS SPDR S&P 500 ETF TRUST-US, INVESCO QQQ TRUST SERIES 1, NVIDIA CORP.
Over the last 4 quarters its long book ran on average 1.4pp per quarter behind the S&P 500, beating the index in 0 of 4 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q2 2025
+5.4%
Q3 2025
+0.6%
Q4 2025
-4.4%
Q1 2026
+13.9%
Sector allocation
Technology 52%
Financials 18%
Healthcare 15%
Materials 7%
Industrials 4%
Consumer discretionary 4%
Long book by quarter
What does Element Squared own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 58.0K | $10.1M | 5.7% | -18.7% |
| UTHR UNITED THERAPEUTICS CORP | Healthcare | 4.2K | $2.5M | 1.4% | -15.7% |
| EVR EVERCORE INC - A | Financials | 7.9K | $2.4M | 1.3% | New |
| AAPL APPLE INC | Technology | 9.1K | $2.3M | 1.3% | -31.2% |
| EXPE EXPEDIA GROUP INC | Industrials | 9.8K | $2.3M | 1.3% | New |
| REGN REGENERON PHARMACEUTICALS | Healthcare | 2.9K | $2.3M | 1.3% | New |
| TEL TE CONNECTIVITY PLC | Consumer discretionary | 10.8K | $2.3M | 1.3% | New |
| INCY INCYTE CORP | Healthcare | 24.0K | $2.3M | 1.3% | New |
| CLS CELESTICA INC | Technology | 8.0K | $2.3M | 1.3% | New |
| AMD ADVANCED MICRO DEVICES | Technology | 11.0K | $2.2M | 1.3% | -12.5% |
| FSLR FIRST SOLAR INC | Technology | 11.4K | $2.2M | 1.3% | New |
| AXP AMERICAN EXPRESS CO | Financials | 7.4K | $2.2M | 1.3% | New |
| AEM AGNICO EAGLE MINES LTD | Materials | 10.9K | $2.2M | 1.3% | New |
| NEM NEWMONT CORP | Materials | 20.5K | $2.2M | 1.3% | New |
| CBOE CBOE GLOBAL MARKETS INC | Financials | 7.9K | $2.2M | 1.2% | New |
| SHOP SHOPIFY INC - CLASS A | Technology | 18.4K | $2.2M | 1.2% | +166.1% |
| SCHW SCHWAB (CHARLES) CORP | Financials | 23.2K | $2.2M | 1.2% | New |
| GOOG ALPHABET INC-CL C | Technology | 7.5K | $2.1M | 1.2% | New |
| APH AMPHENOL CORP-CL A | Technology | 17.0K | $2.1M | 1.2% | -21.2% |
| AMAT APPLIED MATERIALS INC | Technology | 6.3K | $2.1M | 1.2% | New |
| IBKR INTERACTIVE BROKERS GRO-CL A | Financials | 31.7K | $2.1M | 1.2% | New |
| LLY ELI LILLY & CO | Healthcare | 2.3K | $2.1M | 1.2% | New |
| META META PLATFORMS INC-CLASS A | Technology | 3.6K | $2.1M | 1.2% | -2.6% |
| RMBS RAMBUS INC | Technology | 23.6K | $2.0M | 1.1% | New |
| LRCX LAM RESEARCH CORP | Industrials | 1.1K | $236K | 0.1% | -23.3% |