Element Squared LLC Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NOCT	INNOVATOR ETFS TRUST	634,982	$36,778	20.0%	$57.92	—	GRWT100 PWR BUF	45782C615
QQQ	INVESCO QQQ TR	11,106	$6,823	3.7%	$614.32	—	UNIT SER 1	46090E103
APP	APPLOVIN CORP	3,969	$2,674	1.5%	$630.10	0.0%	COM CL A	03831W108
BIIB	BIOGEN INC	15,051	$2,649	1.4%	$163.37	0.0%	COM	09062X103
BMY	BRISTOL-MYERS SQUIBB CO	48,420	$2,612	1.4%	$47.53	0.0%	COM	110122108
UTHR	UNITED THERAPEUTICS CORP DEL	5,027	$2,449	1.3%	$465.69	0.0%	COM	91307C102
COP	CONOCOPHILLIPS	25,868	$2,421	1.3%	$90.02	0.0%	COM	20825C104
FDS	FACTSET RESH SYS INC	8,189	$2,376	1.3%	$280.03	0.0%	COM	303075105
AXSM	AXSOME THERAPEUTICS INC	8,079	$1,476	0.8%	$139.61	0.0%	COM	05464T104
RMD	RESMED INC	6,067	$1,461	0.8%	$255.44	0.0%	COM	761152107
HALO	HALOZYME THERAPEUTICS INC	17,726	$1,193	0.6%	$67.27	0.0%	COM	40637H109
XOM	EXXON MOBIL CORP	9,370	$1,128	0.6%	$115.49	0.0%	COM	30231G102
PINS	PINTEREST INC	43,388	$1,123	0.6%	$28.79	0.0%	CL A	72352L106
SHOP	SHOPIFY INC	6,931	$1,116	0.6%	$160.56	0.0%	CL A SUB VTG SHS	82509L107
TOST	TOAST INC	29,895	$1,062	0.6%	$36.05	0.0%	CL A	888787108
WDAY	WORKDAY INC	1,311	$282	0.2%	$227.21	0.0%	CL A	98138H101
LRCX	LAM RESEARCH CORP	1,440	$246	0.1%	$155.36	0.0%	COM NEW	512807306
MMM	3M CO	1,262	$202	0.1%	$163.18	0.0%	COM	88579Y101

Increased Positions (19)

RSP INVESCO EXCHANGE TRADED FD T 7.8%

Value ($000) $14,330 (+3896.1%) Shares 74,805 (+3857.9%) Est. Cost $191.36 Unrealized —

NNOV INNOVATOR ETFS TRUST 5.4%

Value ($000) $10,015 (+1029.7%) Shares 348,965 (+1022.4%) Est. Cost $28.58 Unrealized —

SPY SPDR S&P 500 ETF TR 8.3%

Value ($000) $15,333 (+77.0%) Shares 22,485 (+72.9%) Est. Cost $672.80 Unrealized —

AAPL APPLE INC 1.9%

Value ($000) $3,591 (+44.2%) Shares 13,209 (+35.0%) Est. Cost $219.71 Unrealized +22.1%

AFRM AFFIRM HLDGS INC 1.4%

Value ($000) $2,506 (+71.5%) Shares 33,664 (+68.4%) Est. Cost $74.42 Unrealized -3.3%

VUG VANGUARD INDEX FDS 1.2%

Value ($000) $2,260 (+75.9%) Shares 4,632 (+72.9%) Est. Cost $459.31 Unrealized —

MOAT VANECK ETF TRUST 1.3%

Value ($000) $2,342 (+66.3%) Shares 22,612 (+59.2%) Est. Cost $97.42 Unrealized —

AZN ASTRAZENECA PLC 1.4%

Value ($000) $2,616 (+21.3%) Shares 28,452 (+1.2%) Est. Cost $76.90 Unrealized —

PH PARKER-HANNIFIN CORP 1.5%

Value ($000) $2,739 (+18.1%) Shares 3,116 (+1.8%) Est. Cost $635.88 Unrealized +28.6%

SPOT SPOTIFY TECHNOLOGY S A 1.1%

Value ($000) $2,000 (-14.4%) Shares 3,444 (+2.8%) Est. Cost $697.20 Unrealized -10.3%

AMZN AMAZON COM INC 1.3%

Value ($000) $2,419 (+8.3%) Shares 10,479 (+3.0%) Est. Cost $200.36 Unrealized +14.2%

ANET ARISTA NETWORKS INC 1.1%

Value ($000) $2,029 (-7.6%) Shares 15,482 (+2.8%) Est. Cost $87.92 Unrealized +56.6%

META META PLATFORMS INC 1.3%

Value ($000) $2,430 (-6.3%) Shares 3,682 (+4.3%) Est. Cost $624.06 Unrealized +6.9%

BLK BLACKROCK INC 1.1%

Value ($000) $2,091 (-5.0%) Shares 1,953 (+3.5%) Est. Cost $1108.12 Unrealized -1.7%

ADSK AUTODESK INC 1.2%

Value ($000) $2,199 (-4.7%) Shares 7,429 (+2.3%) Est. Cost $285.32 Unrealized +6.0%

MCD MCDONALDS CORP 1.2%

Value ($000) $2,145 (+4.3%) Shares 7,019 (+3.7%) Est. Cost $301.53 Unrealized +1.2%

MA MASTERCARD INCORPORATED 1.3%

Value ($000) $2,377 (+2.6%) Shares 4,164 (+2.2%) Est. Cost $552.81 Unrealized +1.1%

ABBV ABBVIE INC 1.4%

Value ($000) $2,632 (+0.7%) Shares 11,518 (+2.0%) Est. Cost $184.41 Unrealized +23.4%

INTU INTUIT 1.3%

Value ($000) $2,324 (-0.5%) Shares 3,509 (+2.6%) Est. Cost $717.95 Unrealized -8.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
RSP	INVESCO EXCHANGE TRADED FD T	74,805 (+3857.9%)	$14,330 (+3896.1%)	7.8%	$191.36	—	S&P500 EQL WGT	46137V357
NNOV	INNOVATOR ETFS TRUST	348,965 (+1022.4%)	$10,015 (+1029.7%)	5.4%	$28.58	—	GROWTH 100 PWR B	45784N874
SPY	SPDR S&P 500 ETF TR	22,485 (+72.9%)	$15,333 (+77.0%)	8.3%	$672.80	—	TR UNIT	78462F103
AAPL	APPLE INC	13,209 (+35.0%)	$3,591 (+44.2%)	1.9%	$219.71	+22.1%	COM	037833100
AFRM	AFFIRM HLDGS INC	33,664 (+68.4%)	$2,506 (+71.5%)	1.4%	$74.42	-3.3%	COM CL A	00827B106
VUG	VANGUARD INDEX FDS	4,632 (+72.9%)	$2,260 (+75.9%)	1.2%	$459.31	—	GROWTH ETF	922908736
MOAT	VANECK ETF TRUST	22,612 (+59.2%)	$2,342 (+66.3%)	1.3%	$97.42	—	MRNGSTR WDE MOAT	92189F643
AZN	ASTRAZENECA PLC	28,452 (+1.2%)	$2,616 (+21.3%)	1.4%	$76.90	—	SPONSORED ADR	046353108
PH	PARKER-HANNIFIN CORP	3,116 (+1.8%)	$2,739 (+18.1%)	1.5%	$635.88	+28.6%	COM	701094104
SPOT	SPOTIFY TECHNOLOGY S A	3,444 (+2.8%)	$2,000 (-14.4%)	1.1%	$697.20	-10.3%	SHS	L8681T102
AMZN	AMAZON COM INC	10,479 (+3.0%)	$2,419 (+8.3%)	1.3%	$200.36	+14.2%	COM	023135106
ANET	ARISTA NETWORKS INC	15,482 (+2.8%)	$2,029 (-7.6%)	1.1%	$87.92	+56.6%	COM SHS	040413205
META	META PLATFORMS INC	3,682 (+4.3%)	$2,430 (-6.3%)	1.3%	$624.06	+6.9%	CL A	30303M102
BLK	BLACKROCK INC	1,953 (+3.5%)	$2,091 (-5.0%)	1.1%	$1108.12	-1.7%	COM	09290D101
ADSK	AUTODESK INC	7,429 (+2.3%)	$2,199 (-4.7%)	1.2%	$285.32	+6.0%	COM	052769106
MCD	MCDONALDS CORP	7,019 (+3.7%)	$2,145 (+4.3%)	1.2%	$301.53	+1.2%	COM	580135101
MA	MASTERCARD INCORPORATED	4,164 (+2.2%)	$2,377 (+2.6%)	1.3%	$552.81	+1.1%	CL A	57636Q104
ABBV	ABBVIE INC	11,518 (+2.0%)	$2,632 (+0.7%)	1.4%	$184.41	+23.4%	COM	00287Y109
INTU	INTUIT	3,509 (+2.6%)	$2,324 (-0.5%)	1.3%	$717.95	-8.0%	COM	461202103

Exited Positions (29)

NDEC INNOVATOR ETFS TRUST 15.8%

Value ($000) $29,144 Shares 1,077,603 Est. Cost $25.83 Unrealized —

NFEB INNOVATOR ETFS TRUST 4.5%

Value ($000) $8,385 Shares 308,274 Est. Cost $25.95 Unrealized —

NAPR INNOVATOR ETFS TRUST 1.9%

Value ($000) $3,537 Shares 67,172 Est. Cost $51.16 Unrealized —

V VISA INC 1.3%

Value ($000) $2,402 Shares 7,036 Est. Cost $346.90 Unrealized -1.9%

ETN EATON CORP PLC 1.3%

Value ($000) $2,378 Shares 6,354 Est. Cost $309.02 Unrealized +14.7%

MELI MERCADOLIBRE INC 1.3%

Value ($000) $2,372 Shares 1,015 Est. Cost $2337.67 Unrealized -10.1%

FAST FASTENAL CO 1.3%

Value ($000) $2,368 Shares 48,292 Est. Cost $40.11 Unrealized +4.8%

UBER UBER TECHNOLOGIES INC 1.3%

Value ($000) $2,357 Shares 24,057 Est. Cost $93.52 Unrealized -3.7%

ORLY OREILLY AUTOMOTIVE INC 1.3%

Value ($000) $2,347 Shares 21,772 Est. Cost $91.59 Unrealized +6.7%

SNPS SYNOPSYS INC 1.3%

Value ($000) $2,305 Shares 4,671 Est. Cost $565.30 Unrealized -21.4%

— FORTINET INC 1.2%

Value ($000) $2,288 Shares 27,216 Est. Cost $84.08 Unrealized —

TT TRANE TECHNOLOGIES PLC 1.2%

Value ($000) $2,261 Shares 5,359 Est. Cost $394.34 Unrealized +4.9%

MDLZ MONDELEZ INTL INC 1.2%

Value ($000) $2,252 Shares 36,053 Est. Cost $63.41 Unrealized -10.0%

TDG TRANSDIGM GROUP INC 1.2%

Value ($000) $2,245 Shares 1,703 Est. Cost $1318.93 Unrealized -0.6%

KO COCA COLA CO 1.2%

Value ($000) $2,216 Shares 33,414 Est. Cost $67.92 Unrealized +2.2%

EXPE EXPEDIA GROUP INC 1.2%

Value ($000) $2,153 Shares 10,073 Est. Cost $200.25 Unrealized +23.3%

ORCL ORACLE CORP 1.1%

Value ($000) $2,112 Shares 7,510 Est. Cost $160.80 Unrealized +48.0%

CTAS CINTAS CORP 1.1%

Value ($000) $2,107 Shares 10,267 Est. Cost $214.03 Unrealized -12.1%

BSX BOSTON SCIENTIFIC CORP 1.1%

Value ($000) $2,083 Shares 21,331 Est. Cost $101.28 Unrealized -3.2%

DIS DISNEY WALT CO 1.1%

Value ($000) $2,013 Shares 17,582 Est. Cost $116.99 Unrealized -6.4%

— INVESCO QQQ TR 1.1%

Value ($000) $1,965 Shares 3,273 Est. Cost $600.33 Unrealized —

RDDT REDDIT INC 1.0%

Value ($000) $1,892 Shares 8,225 Est. Cost $204.09 Unrealized +3.0%

SYM SYMBOTIC INC 0.6%

Value ($000) $1,136 Shares 21,081 Est. Cost $50.54 Unrealized +30.7%

VZ VERIZON COMMUNICATIONS INC 0.6%

Value ($000) $1,124 Shares 25,564 Est. Cost $41.92 Unrealized -3.4%

TSLA TESLA INC 0.6%

Value ($000) $1,101 Shares 2,476 Est. Cost $346.84 Unrealized +27.8%

AXON AXON ENTERPRISE INC 0.4%

Value ($000) $814 Shares 1,134 Est. Cost $758.81 Unrealized -18.2%

APPF APPFOLIO INC 0.4%

Value ($000) $810 Shares 2,939 Est. Cost $270.12 Unrealized -12.0%

WM WASTE MGMT INC DEL 0.4%

Value ($000) $697 Shares 3,157 Est. Cost $228.16 Unrealized -6.8%

NMAR INNOVATOR ETFS TRUST 0.2%

Value ($000) $277 Shares 9,640 Est. Cost $27.62 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NDEC	INNOVATOR ETFS TRUST	1,077,603	$29,144	15.8%	$25.83	—	—	45784N841
NFEB	INNOVATOR ETFS TRUST	308,274	$8,385	4.5%	$25.95	—	—	45784N791
NAPR	INNOVATOR ETFS TRUST	67,172	$3,537	1.9%	$51.16	—	—	45782C334
V	VISA INC	7,036	$2,402	1.3%	$346.90	-1.9%	—	92826C839
ETN	EATON CORP PLC	6,354	$2,378	1.3%	$309.02	+14.7%	—	G29183103
MELI	MERCADOLIBRE INC	1,015	$2,372	1.3%	$2337.67	-10.1%	—	58733R102
FAST	FASTENAL CO	48,292	$2,368	1.3%	$40.11	+4.8%	—	311900104
UBER	UBER TECHNOLOGIES INC	24,057	$2,357	1.3%	$93.52	-3.7%	—	90353T100
ORLY	OREILLY AUTOMOTIVE INC	21,772	$2,347	1.3%	$91.59	+6.7%	—	67103H107
SNPS	SYNOPSYS INC	4,671	$2,305	1.3%	$565.30	-21.4%	—	871607107
—	FORTINET INC	27,216	$2,288	1.2%	$84.08	—	—	34959E113
TT	TRANE TECHNOLOGIES PLC	5,359	$2,261	1.2%	$394.34	+4.9%	—	G8994E103
MDLZ	MONDELEZ INTL INC	36,053	$2,252	1.2%	$63.41	-10.0%	—	609207105
TDG	TRANSDIGM GROUP INC	1,703	$2,245	1.2%	$1318.93	-0.6%	—	893641100
KO	COCA COLA CO	33,414	$2,216	1.2%	$67.92	+2.2%	—	191216100
EXPE	EXPEDIA GROUP INC	10,073	$2,153	1.2%	$200.25	+23.3%	—	30212P303
ORCL	ORACLE CORP	7,510	$2,112	1.1%	$160.80	+48.0%	—	68389X105
CTAS	CINTAS CORP	10,267	$2,107	1.1%	$214.03	-12.1%	—	172908105
BSX	BOSTON SCIENTIFIC CORP	21,331	$2,083	1.1%	$101.28	-3.2%	—	101137107
DIS	DISNEY WALT CO	17,582	$2,013	1.1%	$116.99	-6.4%	—	254687106
—	INVESCO QQQ TR	3,273	$1,965	1.1%	$600.33	—	—	46090E903
RDDT	REDDIT INC	8,225	$1,892	1.0%	$204.09	+3.0%	—	75734B100
SYM	SYMBOTIC INC	21,081	$1,136	0.6%	$50.54	+30.7%	—	87151X101
VZ	VERIZON COMMUNICATIONS INC	25,564	$1,124	0.6%	$41.92	-3.4%	—	92343V104
TSLA	TESLA INC	2,476	$1,101	0.6%	$346.84	+27.8%	—	88160R101
AXON	AXON ENTERPRISE INC	1,134	$814	0.4%	$758.81	-18.2%	—	05464C101
APPF	APPFOLIO INC	2,939	$810	0.4%	$270.12	-12.0%	—	03783C100
WM	WASTE MGMT INC DEL	3,157	$697	0.4%	$228.16	-6.8%	—	94106L109
NMAR	INNOVATOR ETFS TRUST	9,640	$277	0.2%	$27.62	—	—	45784N767

Decreased Positions (7)

PJAN INNOVATOR ETFS TRUST 1.7%

Value ($000) $3,223 (-56.2%) Shares 68,553 (-57.3%) Est. Cost $44.05 Unrealized —

TSM TAIWAN SEMICONDUCTOR MFG LTD 1.3%

Value ($000) $2,458 (-20.9%) Shares 8,090 (-27.3%) Est. Cost $228.58 Unrealized —

GOOGL ALPHABET INC 1.5%

Value ($000) $2,765 (+24.6%) Shares 8,833 (-3.2%) Est. Cost $163.29 Unrealized +74.9%

NJAN INNOVATOR ETFS TRUST 0.3%

Value ($000) $558 (-45.5%) Shares 10,168 (-47.3%) Est. Cost $50.75 Unrealized —

MCK MCKESSON CORP 1.2%

Value ($000) $2,199 (-16.6%) Shares 2,681 (-21.5%) Est. Cost $703.72 Unrealized +15.9%

NAUG INNOVATOR ETFS TRUST 0.6%

Value ($000) $1,190 (-10.0%) Shares 40,248 (-11.8%) Est. Cost $28.95 Unrealized —

PMAY INNOVATOR ETFS TRUST 1.0%

Value ($000) $1,819 (-0.2%) Shares 45,945 (-1.9%) Est. Cost $37.79 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PJAN	INNOVATOR ETFS TRUST	68,553 (-57.3%)	$3,223 (-56.2%)	1.7%	$44.05	—	US EQTY PWR BUF	45782C508
TSM	TAIWAN SEMICONDUCTOR MFG LTD	8,090 (-27.3%)	$2,458 (-20.9%)	1.3%	$228.58	—	SPONSORED ADS	874039100
GOOGL	ALPHABET INC	8,833 (-3.2%)	$2,765 (+24.6%)	1.5%	$163.29	+74.9%	CAP STK CL A	02079K305
NJAN	INNOVATOR ETFS TRUST	10,168 (-47.3%)	$558 (-45.5%)	0.3%	$50.75	—	GRWT100 PWR BF	45782C466
MCK	MCKESSON CORP	2,681 (-21.5%)	$2,199 (-16.6%)	1.2%	$703.72	+15.9%	COM	58155Q103
NAUG	INNOVATOR ETFS TRUST	40,248 (-11.8%)	$1,190 (-10.0%)	0.6%	$28.95	—	GROWTH 100 PWR B	45783Y129
PMAY	INNOVATOR ETFS TRUST	45,945 (-1.9%)	$1,819 (-0.2%)	1.0%	$37.79	—	US EQTY PWR BUF	45782C318

Unchanged Positions (5)

AMD ADVANCED MICRO DEVICES INC 1.5%

Value ($000) $2,703 Shares 12,620 Est. Cost $161.38 Unrealized +39.2%

APH AMPHENOL CORP NEW 1.6%

Value ($000) $2,910 Shares 21,531 Est. Cost $81.39 Unrealized +64.1%

AVGO BROADCOM INC 1.5%

Value ($000) $2,674 Shares 7,726 Est. Cost $219.92 Unrealized +62.3%

NJUL INNOVATOR ETFS TRUST 1.1%

Value ($000) $2,038 Shares 28,067 Est. Cost $71.11 Unrealized —

NVDA NVIDIA CORPORATION 7.2%

Value ($000) $13,303 Shares 71,331 Est. Cost $130.99 Unrealized +42.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AMD	ADVANCED MICRO DEVICES INC	12,620	$2,703	1.5%	$161.38	+39.2%	COM	007903107
APH	AMPHENOL CORP NEW	21,531	$2,910	1.6%	$81.39	+64.1%	CL A	032095101
AVGO	BROADCOM INC	7,726	$2,674	1.5%	$219.92	+62.3%	COM	11135F101
NJUL	INNOVATOR ETFS TRUST	28,067	$2,038	1.1%	$71.11	—	GRWT100 PWR BUF	45782C276
NVDA	NVIDIA CORPORATION	71,331	$13,303	7.2%	$130.99	+42.1%	COM	67066G104