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Element Capital Management LLC

The positions Element Capital Management LLC reported on its Form 13F for Q2 2026, the quarter ending 30 Jun 2026, filed on 14 Aug 2026. Every figure below is the filing’s own: US-listed long equity, valued at the quarter end, with the change measured against the same manager’s previous filing.

Reported book
$3.2bn
+$2.1bn on Q1 2026
Positions
72
61 new, 28 sold out
Top ten weight
88%
Concentrated
Quarter
Q2 2026
Filed 14 Aug 2026
Read the Q2 2026 filing on sec.gov CIK 0001535630 · Macro · NY

Reported book is the quarter-end market value of the securities on the 13F, mostly US-listed long equity. It is not the manager’s assets under management: shorts, cash, leverage and most non-US or private holdings sit outside it.

Reported book by quarter
$0$1.6bn$3.2bnQ3 24: $2.2bn$2.2bnQ3 24Q4 24: $10m$10mQ4 24Q1 25: $402m$402mQ1 25Q2 25: $41m$41mQ2 25Q3 25: $71m$71mQ3 25Q4 25: $209m$209mQ4 25Q1 26: $1.1bn$1.1bnQ1 26Q2 26: $3.2bn$3.2bnQ2 26
Every quarter since Q4 2013: what Element Capital Management LLC bought, cut and sold →
Largest positions, share of the book
IVV · iShares Core S&P500 ETF: 24%IVV · iShares Core S&P5…24%VOO · Vanguard Index S&P 500 ETF Shares: 22%VOO · Vanguard Index S&…22%SPY puts · State Street SPDR S&P 500 ETF: 21%SPY puts · State Street…21%QQQ puts · Invesco QQQ Trust: 9.7%QQQ puts · Invesco QQQ …9.7%IWM puts · iShares Russell 2000 ETF: 3.9%IWM puts · iShares Russ…3.9%SPCX · Space Exploration Techn Corp: 2.7%SPCX · Space Exploratio…2.7%AVGO calls · Broadcom Inc: 1.7%AVGO calls · Broadcom I…1.7%META calls · Meta Platforms Inc: 1.3%META calls · Meta Platf…1.3%DLR · Digital Rlty TR Inc: 1.3%DLR · Digital Rlty TR I…1.3%SPY · State Street SPDR S&P 500 ETF: 1.2%SPY · State Street SPDR…1.2%

Opened this quarter

A new position is the clearest thing a filing says. Somebody argued for it recently, and it is the easiest question to be ready for.

  • iShares Core S&P500 ETF (IVV)$768m · 24%
  • Vanguard Index S&P 500 ETF Shares (VOO)$702m · 22%
  • Invesco QQQ Trust (QQQ)puts$309m · 9.7%
  • iShares Russell 2000 ETF (IWM)puts$126m · 3.9%
  • Space Exploration Techn Corp (SPCX)Class A Common Stock$87m · 2.7%
  • Broadcom Inc (AVGO)calls$53m · 1.7%
  • Digital Rlty TR Inc (DLR)$41m · 1.3%
  • State Street SPDR S&P 500 ETF (SPY)$37m · 1.2%
  • Amazon Com Inc (AMZN)calls$24m · 0.7%
  • Servicenow Inc (NOW)calls$20m · 0.6%
  • Snowflake Inc (SNOW)calls$15m · 0.5%
  • Arxis Inc (ARXS)Class A Common$12m · 0.4%
  • and 49 more, in the table below.

Sold out of this quarter

Exits are valued at what the position was worth in the previous filing, because by this one it is gone.

  • T-mobile US Inc (TMUS)$57m held before
  • Netflix Inc. (NFLX)$51m held before
  • Micron Technology Inc (MU)$44m held before
  • Wix Com LTD (WIX)$30m held before
  • L3harris Technologies Inc (LHX)$25m held before
  • Northrop Grumman Corp (NOC)$23m held before
  • Salesforce Inc (CRM)$22m held before
  • Lockheed Martin Corp (LMT)$17m held before
  • Pinterest Inc (PINS)$17m held before
  • Alphabet Inc (GOOG)$11m held before
  • Core Scientific Inc New (CORZ)$9.0m held before
  • Omnicom Group Inc (OMC)$7.5m held before
  • and 16 more.

Every reported position, Q2 2026

72 positions, sorted by weight

PositionWeight ↓ValueSharesChange on the quarterAction
iShares Core S&P500 ETF (IVV)
CUSIP 464287200
24%$768m1,025,266No earlier filingNew
Vanguard Index S&P 500 ETF Shares (VOO)
CUSIP 922908363
22%$702m1,022,597No earlier filingNew
State Street SPDR S&P 500 ETF (SPY)
puts · CUSIP 78462F103
21%$665m890,000
+$177m
+140,000 shares
Added
Invesco QQQ Trust (QQQ)
puts · CUSIP 46090E103
9.7%$309m420,000No earlier filingNew
iShares Russell 2000 ETF (IWM)
puts · CUSIP 464287655
3.9%$126m420,000No earlier filingNew
Space Exploration Techn Corp (SPCX)
Class A Common Stock · CUSIP 84615Q103
2.7%$87m506,250No earlier filingNew
Broadcom Inc (AVGO)
calls · CUSIP 11135F101
1.7%$53m140,000No earlier filingNew
Meta Platforms Inc (META)
Class A · calls · CUSIP 30303M102
1.3%$42m75,000
-$15m
-25,000 shares
Trimmed
Digital Rlty TR Inc (DLR)
CUSIP 253868103
1.3%$41m230,321No earlier filingNew
State Street SPDR S&P 500 ETF (SPY)
CUSIP 78462F103
1.2%$37m50,000No earlier filingNew
Qnity Electronics Inc (Q)
calls · CUSIP 74743L100
0.8%$25m150,000
-$33m
-350,000 shares
Trimmed
Qnity Electronics Inc (Q)
CUSIP 74743L100
0.7%$24m147,000
+$14m
+57,046 shares
Added
Amazon Com Inc (AMZN)
calls · CUSIP 023135106
0.7%$24m100,000No earlier filingNew
Solstice Advanced Matls Inc (SOLS)
CUSIP 83443Q103
0.7%$22m245,000
+$9.1m
+80,000 shares
Added
Solstice Advanced Matls Inc (SOLS)
calls · CUSIP 83443Q103
0.6%$20m228,500
+$8.8m
+78,500 shares
Added
Servicenow Inc (NOW)
calls · CUSIP 81762P102
0.6%$20m200,000No earlier filingNew
Snowflake Inc (SNOW)
calls · CUSIP 833445109
0.5%$15m60,000No earlier filingNew
Arxis Inc (ARXS)
Class A Common · CUSIP 04339D105
0.4%$12m255,000No earlier filingNew
iShares Expanded Tech (IGV)
puts · CUSIP 464287515
0.3%$9.1m100,000No earlier filingNew
Dynatrace Inc (DT)
calls · CUSIP 268150109
0.3%$8.8m200,000No earlier filingNew
Workday Inc (WDAY)
Class A · calls · CUSIP 98138H101
0.3%$8.6m70,000No earlier filingNew
Mongodb Inc (MDB)
Class A · calls · CUSIP 60937P106
0.3%$8.4m25,000No earlier filingNew
Wendys Co (WEN)
calls · CUSIP 95058W100
0.3%$8.3m1,000,000No earlier filingNew
Medline Inc (MDLN)
Common Class A · CUSIP 58507V107
0.2%$7.5m190,000
+$6.6m
+170,000 shares
Added
Wendys Co (WEN)
CUSIP 95058W100
0.2%$7.5m900,000No earlier filingNew
Mccormick & Co Inc (MKC)
Common NON Voting · CUSIP 579780206
0.2%$7.2m143,321No earlier filingNew
Zscaler Inc (ZS)
calls · CUSIP 98980G102
0.2%$7.1m50,000No earlier filingNew
Curbline Pptys Corp (CURB)
CUSIP 23128Q101
0.2%$7.0m230,153No earlier filingNew
Cme Group Inc (CME)
CUSIP 12572Q105
0.2%$6.6m30,000
-$2.2m
0 shares
Held
Nvidia Corporation (NVDA)
CUSIP 67066G104
0.2%$6.6m32,890No earlier filingNew
Datadog Inc (DDOG)
Class A Common · calls · CUSIP 23804L103
0.2%$6.5m25,000No earlier filingNew
General Mills Inc (GIS)
CUSIP 370334104
0.2%$5.5m158,400No earlier filingNew
Servicenow Inc (NOW)
CUSIP 81762P102
0.2%$5.4m54,700No earlier filingNew
Atlassian Corporation (TEAM)
Class A · CUSIP 049468101
0.2%$5.2m66,900No earlier filingNew
Sharonai Holdings Inc (SHAZ)
Common Class A · CUSIP 778920306
0.2%$5.1m60,300No earlier filingNew
Gallagher Arthur J & Co (AJG)
CUSIP 363576109
0.2%$5.1m22,200No earlier filingNew
Hca Healthcare Inc (HCA)
CUSIP 40412C101
0.2%$5.0m12,900No earlier filingNew
Brown & Brown Inc (BRO)
CUSIP 115236101
0.2%$5.0m78,300No earlier filingNew
Ryan Specialty Holdings Inc (RYAN)
Class A · CUSIP 78351F107
0.2%$5.0m131,900No earlier filingNew
Danaher Corp Del (DHR)
CUSIP 235851102
0.2%$4.9m25,700No earlier filingNew
Datadog Inc (DDOG)
Class A Common · CUSIP 23804L103
0.2%$4.8m18,600No earlier filingNew
Knowles Corp (KN)
calls · CUSIP 49926D109
0.1%$4.1m100,000No earlier filingNew
Newell Brands Inc (NWL)
CUSIP 651229106
0.1%$3.8m616,316No earlier filingNew
Cloudflare Inc (NET)
Class A Common · CUSIP 18915M107
0.1%$3.7m15,000No earlier filingNew
Innio NV (INIO)
CUSIP N52A8C105
0.1%$3.6m91,707No earlier filingNew
Republic SVCS Inc (RSG)
CUSIP 760759100
0.1%$3.1m14,400No earlier filingNew
Infinite Eagle Acquisition C (IEAG)
Class A · CUSIP G4802J103
0.1%$3.0m300,000No earlier filingNew
Ambiq Micro Inc (AMBQ)
CUSIP 023193105
0.1%$3.0m34,257No earlier filingNew
Hormel Foods Corp (HRL)
CUSIP 440452100
0.1%$2.8m113,900No earlier filingNew
Mongodb Inc (MDB)
Class A · CUSIP 60937P106
0.1%$2.7m8,000No earlier filingNew
Aon PLC (AON)
Shares Class A · CUSIP G0403H108
0.1%$2.6m7,700No earlier filingNew
Robinhood MKTS Inc (HOOD)
Common Class A · CUSIP 770700102
0.1%$2.4m23,948No earlier filingNew
Tractor Supply Co (TSCO)
CUSIP 892356106
0.1%$2.3m72,400No earlier filingNew
Erock Inc (EROC)
Class A Common · CUSIP 296013105
0.1%$2.1m142,015No earlier filingNew
Thermo Fisher Scientific Inc (TMO)
CUSIP 883556102
0.1%$2.0m4,000No earlier filingNew
Abbott Laboratories (ABT)
CUSIP 002824100
0.1%$2.0m21,500No earlier filingNew
Crowdstrike HLDGS Inc (CRWD)
Class A · CUSIP 22788C105
0.1%$1.9m2,500No earlier filingNew
Casella Waste Sys Inc (CWST)
Class A · CUSIP 147448104
0.1%$1.8m18,200No earlier filingNew
Palo Alto Networks Inc (PANW)
CUSIP 697435105
0.1%$1.7m5,000No earlier filingNew
Newell Brands Inc (NWL)
calls · CUSIP 651229106
0.0%$1.5m251,700No earlier filingNew
RTX Corporation (RTX)
CUSIP 75513E101
0.0%$1.5m7,800
-$4.3m
-22,200 shares
Trimmed
Philip Morris Intl Inc (PM)
CUSIP 718172109
0.0%$1.4m7,900No earlier filingNew
Sysco Corp (SYY)
CUSIP 871829107
0.0%$1.2m14,100No earlier filingNew
Altria Group Inc (MO)
CUSIP 02209S103
0.0%$1.2m16,000No earlier filingNew
D. Boral Arc Acq I Corp. (BCAR)
Shares Class A · CUSIP G2616F101
0.0%$1.0m100,000No earlier filingNew
Solv Energy Inc (MWH)
Common Shares Class A · CUSIP 78475V103
0.0%$700k21,509
-$200k
-11,052 shares
Trimmed
Grupo Aeromexico Sab de CV (AERO)
Sponsored ADS · CUSIP 40054J109
0.0%$700k40,612
+$100k
-3,321 shares
Trimmed
Bandwidth Inc (BAND)
Common Class A · CUSIP 05988J103
0.0%$600k10,035No earlier filingNew
Snowflake Inc (SNOW)
CUSIP 833445109
0.0%$600k2,400No earlier filingNew
Eaglerock LD LLC (EROK)
Class A Shares REP LTD · CUSIP 27005A105
0.0%$600k26,932No earlier filingNew
Rollins Inc (ROL)
CUSIP 775711104
0.0%$500k12,900No earlier filingNew
Infinite Eagle Acquisition C (IEAGR)
Right 01/13/2031 · CUSIP G4802J111
0.0%$100k300,000No earlier filingNew

Every filing on file

QuarterPeriod endFiledBookPositionsTop 10Filing
Q2 202630 Jun 202614 Aug 2026$3.2bn7288%13F-HR
Q1 202631 Mar 202612 May 2026$1.1bn4979%13F-HR
Q4 202531 Dec 202517 Feb 2026$209m5553%13F-HR
Q3 202530 Sept 202514 Nov 2025$71m4772%13F-HR
Q2 202530 Jun 202511 Aug 2025$41m3100%13F-HR
Q1 202531 Mar 202513 May 2025$402m1469.7%13F-HR
Q4 202431 Dec 202411 Feb 2025$10m4100%13F-HR
Q3 202430 Sept 20248 Nov 2024$2.2bn2597%13F-HR

Taking this into the room

Pick one name from the top of the book and one from the new positions, and know both properly: what the company earns, what it is priced at, and what has to be true for the position to work. That is a conversation. Reciting the whole table is not, and the interviewer wrote it.

A position sold out of is worth as much preparation as one opened. Ask what changed rather than asserting the fund was wrong, and be ready for the answer that the thesis played out and the money went somewhere better.

Compare this against every other manager →How a hedge fund interview runs →

What this filing leaves out

A 13F covers US-listed long equity at one moment in time. Shorts, bonds, cash, private positions and non-US listings never appear, and options are reported in a form that will mislead you if you read them as a position. A long/short manager showing $8bn here may run a book several times that size.

The lag matters too. Positions are as at the quarter end and the filing arrives up to forty-five days later, so what you are reading is at least six weeks old and possibly four months. Phrase it as what the filing showed, not what the fund holds today.

You have read the book. Now have a view on one name

Pick a position, work out what it is worth, and be ready to defend it. That is the difference between a candidate who read the filing and one who did something with it.

Comps ExplorerValue any holding above against its peer setEvery other managerWho else owns it, and who was buying last quarterDeal tapeWhat a buyer paid for a whole company in the sectorHedge fund interviewsHow the room runs, and the stock pitch it wants

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