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← Element Capital Management LLC, its record

Element Capital Management LLC and Squarepoint Ops LLC: where the books meet

At Q2 2026, at least 9.5% of the two 13F books was the same, across 23 stocks both listed, against 4.4% at Q4 2014. Overlap is the smaller of each shared stock’s two weights, added up: the part of one book that could be swapped for the other’s without a trade.

Overlap by quarter
0%10%20%Q4 2014: 4.4%, 10 in bothQ1 2015: 0.5%, 1 in both15Q2 2015: 7.0%, 78 in bothQ3 2015: 7.9%, 35 in bothQ4 2015: 12%, 87 in bothQ1 2016: 17%, 115 in both16Q2 2016: 12%, 91 in bothQ3 2016: 3.1%, 22 in bothQ4 2016: 3.7%, 19 in bothQ1 2017: 1.0%, 6 in both17Q2 2017: 1.5%, 11 in bothQ3 2017: 0.7%, 6 in bothQ4 2017: 10%, 54 in bothQ1 2018: 17%, 190 in both18Q2 2018: 14%, 183 in bothQ3 2018: 20%, 202 in bothQ4 2018: 15%, 183 in bothQ1 2019: 19%, 208 in both19Q2 2019: 13%, 96 in bothQ3 2019: 11%, 78 in bothQ4 2019: 1.4%, 9 in bothQ1 2020: 0.2%, 1 in both20Q2 2020: 2.8%, 29 in bothQ3 2020: 2.5%, 14 in bothQ4 2020: 7.2%, 10 in bothQ1 2021: 0.2%, 3 in both21Q2 2021: 1.4%, 6 in bothQ3 2021: 0.1%, 2 in bothQ4 2021: 2.5%, 20 in bothQ1 2022: 8.9%, 59 in both22Q2 2022: 9.3%, 61 in bothQ3 2022: 9.7%, 59 in bothQ4 2022: 0.9%, 8 in bothQ1 2023: 11%, 66 in both23Q2 2023: 9.5%, 65 in bothQ3 2023: 7.7%, 54 in bothQ4 2023: 0.1%, 2 in bothQ1 2024: 3.6%, 18 in both24Q2 2024: 8.1%, 29 in bothQ3 2024: 10%, 12 in bothQ4 2024: 0.0%, 0 in bothQ1 2025: 6.7%, 47 in both25Q2 2025: under 0.1%, 1 in bothQ3 2025: 3.1%, 22 in bothQ4 2025: 4.9%, 21 in bothQ1 2026: 2.1%, 11 in both26Q2 2026: 9.5%, 23 in both
  • Q4 2014: 4.4%, 10 in both
  • Q1 2015: 0.5%, 1 in both
  • Q2 2015: 7.0%, 78 in both
  • Q3 2015: 7.9%, 35 in both
  • Q4 2015: 12%, 87 in both
  • Q1 2016: 17%, 115 in both
  • Q2 2016: 12%, 91 in both
  • Q3 2016: 3.1%, 22 in both
  • Q4 2016: 3.7%, 19 in both
  • Q1 2017: 1.0%, 6 in both
  • Q2 2017: 1.5%, 11 in both
  • Q3 2017: 0.7%, 6 in both
  • Q4 2017: 10%, 54 in both
  • Q1 2018: 17%, 190 in both
  • Q2 2018: 14%, 183 in both
  • Q3 2018: 20%, 202 in both
  • Q4 2018: 15%, 183 in both
  • Q1 2019: 19%, 208 in both
  • Q2 2019: 13%, 96 in both
  • Q3 2019: 11%, 78 in both
  • Q4 2019: 1.4%, 9 in both
  • Q1 2020: 0.2%, 1 in both
  • Q2 2020: 2.8%, 29 in both
  • Q3 2020: 2.5%, 14 in both
  • Q4 2020: 7.2%, 10 in both
  • Q1 2021: 0.2%, 3 in both
  • Q2 2021: 1.4%, 6 in both
  • Q3 2021: 0.1%, 2 in both
  • Q4 2021: 2.5%, 20 in both
  • Q1 2022: 8.9%, 59 in both
  • Q2 2022: 9.3%, 61 in both
  • Q3 2022: 9.7%, 59 in both
  • Q4 2022: 0.9%, 8 in both
  • Q1 2023: 11%, 66 in both
  • Q2 2023: 9.5%, 65 in both
  • Q3 2023: 7.7%, 54 in both
  • Q4 2023: 0.1%, 2 in both
  • Q1 2024: 3.6%, 18 in both
  • Q2 2024: 8.1%, 29 in both
  • Q3 2024: 10%, 12 in both
  • Q4 2024: 0.0%, 0 in both
  • Q1 2025: 6.7%, 47 in both
  • Q2 2025: under 0.1%, 1 in both
  • Q3 2025: 3.1%, 22 in both
  • Q4 2025: 4.9%, 21 in both
  • Q1 2026: 2.1%, 11 in both
  • Q2 2026: 9.5%, 23 in both

Only quarters both managers filed. Where either filing has more positions than are read each quarter, a stock both hold below that range is not counted, so the figure is a floor.

What the overlap is made of, Q2 2026

Stocks both listed, by the smaller of the two weights. A weight is the stock’s share of that manager’s reported book, which says how large the position is, not how strongly it is held.

StockElement Capital Management LLCSquarepoint Ops LLC
iShares Trust(IVV)24%New6.6%Trimmed
Spdr S&P 500 Etf Trust(SPY)1.2%New1.0%Added
Space Exploration Techn Corp(SPCX)2.7%New0.2%New
Nvidia Corp(NVDA)0.2%New0.9%Added
Servicenow Inc(NOW)0.2%New0.2%Added
Danaher Corp Del(DHR)0.2%New0.1%Added
18915m107(NET)0.1%New0.2%Added
Datadog Inc(DDOG)0.2%New0.1%Trimmed
049468101(TEAM)0.2%Newunder 0.1%Added
Robinhood MKTS Inc(HOOD)under 0.1%Newunder 0.1%Trimmed
Digital Rlty TR Inc(DLR)1.3%Newunder 0.1%Added
Cme Group Inc(CME)0.2%Heldunder 0.1%Added
Thermo Fisher Scientific Inc(TMO)under 0.1%Newunder 0.1%Added
Abbott Labs(ABT)under 0.1%Newunder 0.1%Added
Crowdstrike HLDGS Inc(CRWD)under 0.1%Newunder 0.1%Trimmed
Republic SVCS Inc(RSG)under 0.1%Newunder 0.1%Trimmed
Palo Alto Networks Inc(PANW)under 0.1%Newunder 0.1%Added
Mongodb Inc(MDB)under 0.1%Newunder 0.1%Trimmed
Raytheon Technologies Corp(RTX)under 0.1%Trimmedunder 0.1%Trimmed
Qnity Electronics Inc(Q)0.7%Addedunder 0.1%Trimmed

and 3 smaller ones

Moved different ways in Q2 2026

Stocks one manager started or added to while the other trimmed or sold out, between the same two quarter ends. A 13F shows the quarter ends, never when in between anything was bought or sold, or why.

  • iShares Trust(IVV)Element Capital Management LLC started; Squarepoint Ops LLC trimmed
  • Snowflake Inc(SNOW)Element Capital Management LLC started; Squarepoint Ops LLC trimmed
  • Netflix Inc(NFLX)Element Capital Management LLC sold out; Squarepoint Ops LLC added
  • Datadog Inc(DDOG)Element Capital Management LLC started; Squarepoint Ops LLC trimmed
  • Crowdstrike HLDGS Inc(CRWD)Element Capital Management LLC started; Squarepoint Ops LLC trimmed
  • Robinhood MKTS Inc(HOOD)Element Capital Management LLC started; Squarepoint Ops LLC trimmed
  • Core Scientific Inc New(CORZ)Element Capital Management LLC sold out; Squarepoint Ops LLC added
  • Pinterest Inc(PINS)Element Capital Management LLC sold out; Squarepoint Ops LLC added
  • Republic SVCS Inc(RSG)Element Capital Management LLC started; Squarepoint Ops LLC trimmed
  • Mongodb Inc(MDB)Element Capital Management LLC started; Squarepoint Ops LLC trimmed
  • Amer Sports Inc(AS)Element Capital Management LLC sold out; Squarepoint Ops LLC added
  • Qnity Electronics Inc(Q)Element Capital Management LLC added; Squarepoint Ops LLC trimmed
Element Capital Management LLC: the recordSquarepoint Ops LLC: the record

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