VANECK ETF TRUST

Ticker: MOAT CUSIP: 92189F643 Class: Exchange Traded Fund

Element Squared LLC's Holding History (CIK: 0002086643)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025
Shares 22,612 Value ($000) $2,342 Avg Close — Range —
Q3 2025
Shares 14,206 Value ($000) $1,408 Avg Close — Range —
Q2 2025
Shares 15,088 Value ($000) $1,415 Avg Close — Range —