Elemental Capital Partners
SAN FRANCISCO, CAfiles as Elemental Capital Partners LLC
$476m in 12 US stocks at the end of 30 June 2026. The top 10 are 99.5% of the money. It changed about 5.9% of the portfolio this quarter.
Value
$476m
Stocks
12
Top 10 share
99.5%
Turnover
5.9%
What changed this quarter
New
Bought for the first time this quarter.
- Hercules CapitalHTGC0.4% of the fund
Added
Bought more of a stock they already held.
- indie SemiconductorINDI12.5% of the fund+5%
- NvidiaNVDA1.2% of the fund+10%
- Kraft HeinzKHC0.7% of the fund+293%
- American Electric PowerAEP0.7% of the fund+183%
- Ares CapitalARCC0.5% of the fund+140%
- Energy Transfer L PET0.4% of the fund+116%
- Plains ALL Amern Pipeline LPAA0.4% of the fund+596%
Cut
Sold some of their stake.
- Bloom EnergyBE64.4% of the fund-8%
Sold out
Sold their entire stake.
Holdings
- Energy Transfer L PET
- Share
- 0.4%
- Value
- $2m
- Shares
- 104,853
+116%
- Plains ALL Amern Pipeline LPAA
- Share
- 0.4%
- Value
- $2m
- Shares
- 88,760
+596%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Bloom EnergyBE | 64.4% | $307m | 1,013,406 | -8% |
| Credo Technology Group HoldingCRDO | 13.3% | $63m | 233,138 | Held |
| indie SemiconductorINDI | 12.5% | $60m | 13,309,443 | +5% |
| Lam ResearchLRCX | 5.3% | $25m | 57,710 | Held |
| NvidiaNVDA | 1.2% | $6m | 28,883 | +10% |
| Kraft HeinzKHC | 0.7% | $3m | 147,677 | +293% |
| American Electric PowerAEP | 0.7% | $3m | 24,413 | +183% |
| Ares CapitalARCC | 0.5% | $2m | 128,732 | +140% |
| Energy Transfer L PET | 0.4% | $2m | 104,853 | +116% |
| Plains ALL Amern Pipeline LPAA | 0.4% | $2m | 88,760 | +596% |
| Hercules CapitalHTGC | 0.4% | $2m | 120,680 | New |
| PfizerPFE | 0.1% | $489,065 | 20,310 | Held |
Over time and by industry
Value over time
Dec '25
Jun '26
Value is up 169.2% since 30 September 2025.
Where the money is
Industrials64.4%
Technology32.3%
Everyday goods0.7%
Utilities0.7%
Health care0.1%
Other1.7%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.