Managers / Q1 2026
Element Squared LLC
CIK 0002086643 · 60 SOUTH 6TH ST SUITE #2900, MINNEAPOLIS, MN, 55402 · 612-325-5920
Summary
Element Squared LLC reported $177M in U.S.-listed holdings across 42 positions for Q1 2026.
The portfolio is heavily concentrated: Innovator Etfs alone accounts for 21.9% of reported value.
Compared with Q4 2025, the fund opened 23 new positions and exited 30.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- ETP · 59.0% · $105M
- Common Stock · 33.3% · $59M
- ADR · 5.2% · $9M
- Other · 1.3% · $2M
- REIT · 1.2% · $2M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| INNOVATOR ETFS TRUST | NEW | +1.32M | 1.32M | +$39M | $39M |
| PBRPETROLEO BRASILEIRO S A | NEW | +120.2K | 120.2K | +$2M | $2M |
| AMXAMERICA MOVIL SAB DE CV | NEW | +93.2K | 93.2K | +$2M | $2M |
| EVREVERCORE INC | NEW | +7.9K | 7.9K | +$2M | $2M |
| EXPEEXPEDIA GROUP INC | NEW | +9.8K | 9.8K | +$2M | $2M |
| REGNREGENERON PHARMACEUTICALS | NEW | +2.9K | 2.9K | +$2M | $2M |
| TE CONNECTIVITY PLC | NEW | +10.8K | 10.8K | +$2M | $2M |
| INCYINCYTE CORP | NEW | +24.0K | 24.0K | +$2M | $2M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2026
Filing History
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.