Jeffrey Talpins, the billionaire founder of Element Capital Management, just revealed a $1.05 billion equity portfolio as of March 31, 2026. Sitting near the top of his holdings: roughly 129,000 shares of Micron Technology, valued at approximately $43.58 million.
For a macro-focused fund manager worth an estimated $2.8 billion, the position is notable less for its size and more for what it signals. Talpins is betting that the insatiable demand for AI infrastructure, particularly high-bandwidth memory chips, has staying power well beyond the initial hype cycle.
Inside the 13F filing
Element Capital’s latest 13F disclosure paints a picture of a diversified tech-forward portfolio. Beyond Micron, the fund holds positions in Meta Platforms, T-Mobile US, and Netflix.
The filing represents a meaningful increase in equity exposure compared to prior periods. That’s worth noting for a fund that once managed $18 billion in assets under management at its 2019 peak before Talpins returned most outside capital to investors.
