X-Square Capital, LLC

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 6, 2024), X-Square Capital, LLC reported 157 stock positions worth $276.3 million. Its top holding was Berkshire Hathaway Class A (BRK.A) at 22.2% of the portfolio, followed by iShares Bitcoin Trust ETF (IBIT, 2.8%) and First Bancorp Puerto Rico (FBP, 2.3%). Compared with Q1 2024, it opened 14 new positions, sold out of 10, added to 63 and reduced 41. The biggest buy was a new position in Hims & Hers Health (HIMS) and the biggest sale Popular (BPOP, shares −72%).

Most Recent 13F
Q2 2026
Location
GUAYNABO, PR
CIK
0001729300
Portfolio Value
$276.3M (Q2 2024)
SEC Filing
0001729300-24-000004 ↗ filed Aug 6, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $211.0M Q1 2024 Q2 2024: $276.3M $276.3M Q2 2024 Q3 2024: $295.9M Q3 2024 Q4 2024: $243.3M Q4 2024 Q1 2025: $232.6M Q1 2025 Q2 2025: $278.1M Q2 2025 Q3 2025: $320.2M Q3 2025 Q4 2025: $305.2M Q4 2025 Q1 2026: $296.7M Q1 2026 Q2 2026: $394.1M Q2 2026

Holdings 157 stocks · $276.3M
BRK.A Berkshire Hathaway Inc. Class A 22.15% 100 $61.2M No change
IBIT iShares Bitcoin Trust ETF 2.77% 224,396 $7.7M Add +2.7%
FBP First Bancorp Puerto Rico 2.33% 351,170 $6.4M Add +45.2%
OFG Ofg Bancorp 2.26% 167,057 $6.3M Add +46.7%
SPY SS SPDR S&P 500 ETF Trust-US 2.22% 11,289 $6.1M Reduce -8.9%
NVDA Nvidia Corp. 1.91% 42,751 $5.3M Add +0.5%
META Meta Platforms Inc. Class A 1.88% 10,286 $5.2M Reduce -5.6%
AMD Advanced Micro Devices 1.80% 30,646 $5.0M Add +3.8%
MU Micron Technology Inc. 1.75% 36,697 $4.8M Add +0.4%
COST Costco Wholesale Corp. 1.60% 5,192 $4.4M Reduce -1.4%
JPM JPMorgan Chase & Co. 1.54% 21,092 $4.3M Reduce -1.0%
AMGN Amgen Inc. 1.54% 13,614 $4.3M Reduce -0.7%
BRK.B Berkshire Hathaway Inc. Class B 1.53% 10,374 $4.2M Add +0.4%
AMZN Amazon.com Inc. 1.37% 19,635 $3.8M Reduce -1.8%
TEVA Teva Pharmaceutical-SP ADR 1.26% 213,663 $3.5M Add +0.3%
TJX TJX Companies Inc. filed as TJX COS INC NEW 1.24% 31,049 $3.4M Reduce -1.0%
RH RH 1.22% 13,776 $3.4M Add +91.1%
URI United Rentals Inc. 1.13% 4,834 $3.1M Add +0.7%
GD General Dynamics Corp. 1.13% 10,720 $3.1M Add +0.7%
SU Suncor Energy Inc. 1.10% 79,664 $3.0M Add +0.5%
NFE New Fortress Energy Inc. 1.09% 137,396 $3.0M Add +0.6%
AAPL Apple Inc. 1.04% 13,629 $2.9M Add +14.1%
CMG Chipotle Mexican Grill Inc. 1.03% 45,331 $2.8M Add +1.0%
SKX Skechers USA Inc. Class A 1.02% 40,903 $2.8M Add +0.5%
MELI MercadoLibre Inc. 0.97% 1,634 $2.7M No change
MSFT Microsoft Corp. 0.97% 5,979 $2.7M Reduce -3.2%
CPRT Copart Inc. 0.96% 48,788 $2.6M Add +0.7%
TPL Texas Pacific Land Corp. 0.91% 3,441 $2.5M Reduce -12.4%
TDG Transdigm Group Inc. 0.91% 1,971 $2.5M Add +0.8%
XLE SS Energy Select Sector 0.90% 27,129 $2.5M Add +27.0%
ABBV Abbvie Inc. 0.87% 14,085 $2.4M Reduce -1.2%
VLO Valero Energy Corp. 0.87% 15,307 $2.4M Add +0.3%
LEN Lennar Corp. Class A 0.84% 15,571 $2.3M Reduce -0.7%
XPO Xpo Inc. 0.82% 21,333 $2.3M Reduce -0.8%
WMT Walmart Inc. 0.82% 33,428 $2.3M Reduce -1.3%
PYPL PayPal Holdings Inc. 0.81% 38,455 $2.2M Reduce -2.3%
URNM Sprott Uranium Miners ETF 0.78% 43,850 $2.2M No change
OXY Occidental Petroleum Corp. 0.78% 34,204 $2.2M Add +96.0%
ZTAX X-Square Municipal Inc. ETF 0.75% 78,930 $2.1M No change
DPZ Domino's Pizza Inc. 0.74% 3,977 $2.1M Add +0.1%
GOOG Alphabet Inc. Class C 0.74% 11,134 $2.0M Reduce -8.7%
DPST Dirx DLY RGNL BNK B3X ETF-Ui 0.73% 28,575 $2.0M No change
EXPE Expedia Group Inc. 0.72% 15,780 $2.0M Add +7.7%
KO The Coca-Cola Co. 0.69% 29,938 $1.9M Add +0.3%
KMB Kimberly-Clark Corp. 0.68% 13,679 $1.9M Reduce -1.6%
DG Dollar General Corp. 0.66% 13,744 $1.8M Add +1.1%
GNRC Generac Holdings Inc. 0.64% 13,454 $1.8M Add +0.8%
BAH Booz Allen Hamilton Holdings 0.59% 10,509 $1.6M Add +0.7%
VTLE Vital Energy Inc. 0.58% 35,691 $1.6M No change
BPOP Popular Inc. 0.57% 17,768 $1.6M Reduce -72.4%
ORLY O'reilly Automotive Inc. 0.57% 1,485 $1.6M Add +0.4%
VALE Vale SA-SP ADR 0.56% 139,071 $1.6M Add +0.9%
HIMS Hims & Hers Health Inc. 0.55% 75,066 $1.5M New
NOC Northrop Grumman Corp. 0.52% 3,326 $1.4M Add +0.5%
FRO Frontline PLC 0.52% 55,935 $1.4M Reduce -5.5%
PM Philip Morris International 0.46% 12,618 $1.3M Add +0.6%
BKNG Booking Holdings Inc. 0.46% 321 $1.3M Add +10.7%
PHM Pultegroup Inc. 0.43% 10,816 $1.2M Reduce -1.1%
GFS Globalfoundries Inc. 0.43% 23,435 $1.2M Add +0.5%
HD Home Depot Inc. 0.40% 3,212 $1.1M Add +0.3%
VAL Valaris Ltd. 0.40% 14,664 $1.1M Add +0.5%
HCC Warrior Met Coal Inc. 0.39% 17,150 $1.1M Add +243.0%
BORR Borr Drilling Ltd. 0.39% 166,293 $1.1M Add +0.6%
SBSW Sibanye-Stillwater Ltd.-ADR 0.38% 240,800 $1.0M No change
BTE Baytex Energy Corp. 0.37% 297,780 $1.0M No change
LMT Lockheed Martin Corp. 0.36% 2,105 $983K Add +1.4%
VIST Vista Energy Sab DE CV 0.36% 21,589 $982K No change
TELL Tellurian Inc. 0.35% 1,413,222 $979K Reduce -0.7%
RTX RTX Corp. 0.33% 9,119 $915K Add +1.0%
FAST Fastenal Co. 0.32% 14,278 $897K Add +1.2%
GPRK Geopark Ltd. 0.31% 77,000 $843K No change
GRMN Garmin Ltd. 0.30% 5,157 $840K Reduce -0.7%
JNJ Johnson & Johnson 0.30% 5,711 $835K Add +0.6%
MO Altria Group Inc. 0.30% 17,906 $816K Add +1.0%
CB Chubb Ltd. 0.29% 3,160 $806K Add +1.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.28% 19,491 $775K Reduce -3.8%
AMR Alpha Metallurgical Resource 0.28% 2,741 $769K New
ALLY Ally Financial Inc. 0.28% 19,298 $766K Add +0.5%
TUSK Mammoth Energy Services Inc. 0.26% 215,092 $706K No change
SSO Proshares Ultra S&P500 0.26% 8,536 $705K Add +38.0%
EWZ iShares MSCI Brazil ETF 0.25% 25,597 $700K Add +1.0%
PG The Procter & Gamble Co. 0.25% 4,233 $698K Reduce -5.2%
TSCO Tractor Supply Company 0.25% 2,579 $696K Add +1.6%
XOM Exxon Mobil Corp. 0.25% 5,945 $684K No change
GOOGL Alphabet Inc. Class A 0.24% 3,701 $674K Add +1.4%
BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC 0.24% 7,510 $660K No change
MSTR Strategy Inc. filed as MICROSTRATEGY INC 0.24% 472 $650K Add +42.2%
FANG Diamondback Energy Inc. 0.23% 3,235 $648K Reduce -63.3%
MRSH Marsh & McLennan Cos 0.23% 2,957 $623K Add +1.8%
RACE Ferrari NV 0.22% 1,510 $617K Add +202.0%
HE Hawaiian Electric Inds 0.21% 64,146 $579K No change
SHOP Shopify Inc. Class A 0.21% 8,646 $571K Add +1.9%
TDW Tidewater Inc. 0.21% 6,000 $571K No change
ET Energy Transfer LP 0.20% 34,549 $560K New
MRK Merck & Co. Inc. 0.20% 4,488 $556K No change
OIH Vaneck Oil Services ETF 0.20% 1,743 $551K Reduce -0.5%
BAK Braskem SA Class A- ADR 0.20% 85,000 $548K No change
COIN Coinbase Global Inc. Class A 0.20% 2,454 $545K New
BABA Alibaba Group Holding-SP ADR 0.19% 7,110 $512K No change
LFMD Lifemd Inc. 0.18% 74,229 $509K New
IREN Iren Ltd. filed as IRIS ENERGY LTD 0.18% 45,000 $508K New
EME Emcor Group Inc. 0.18% 1,385 $506K New
TFC Truist Financial Corp. 0.18% 12,934 $502K Reduce -0.4%
RIO Rio Tinto PLC-Spon ADR 0.18% 7,457 $492K Reduce -4.3%
FIX Comfort Systems USA Inc. 0.18% 1,600 $487K New
PLTR Palantir Technologies Inc. Class A 0.18% 19,180 $486K New
EXE Expand Energy Corp. filed as CHESAPEAKE ENERGY CORP 0.17% 5,832 $479K Reduce -6.1%
MA Mastercard Inc. Class A 0.17% 1,060 $468K Add +2.3%
FCX Freeport-McMoran Inc. 0.16% 9,238 $449K Add +2.4%
RIG Transocean Ltd. 0.16% 83,860 $449K No change
VUG Vanguard Mrngstar GR ETF-Sui 0.15% 1,139 $426K Reduce -61.5%
BITX 2X Bitcoin ETF 0.15% 12,959 $411K Add +21.7%
TSLA Tesla Inc. 0.15% 2,074 $410K Reduce -22.3%
EOG EOG Resources Inc. 0.15% 3,236 $407K Add +2.7%
TQQQ Proshares Ultrapro QQQ 0.15% 5,500 $406K Add +22.2%
MS Morgan Stanley 0.14% 4,067 $395K Reduce -5.8%
ERX Direxion Daily Enrgy BL2X-Ui 0.14% 5,959 $388K Reduce -62.7%
QQQ Invesco QQQ Trust Series 1 0.14% 802 $384K Add +1.3%
VTV Vanguard Mrngstr Val ETF-Aui 0.14% 2,338 $375K Add +4.5%
TSM Taiwan Semiconductor-SP ADR 0.13% 2,121 $369K No change
FTNT Fortinet Inc. 0.13% 5,798 $349K Add +3.1%
QCOM Qualcomm Inc. 0.13% 1,747 $348K No change
COTY Coty Inc. Class A 0.12% 31,976 $320K No change
ZIM Zim Integrated Shipping Serv 0.11% 13,975 $310K Reduce -42.3%
TMUS T-Mobile US Inc. 0.11% 1,730 $305K Reduce -4.4%
BTI British American Tob-SP ADR 0.11% 9,839 $304K Reduce -1.5%
MCD McDonald's Corp. 0.11% 1,149 $293K No change
RIOT Riot Platforms Inc. 0.10% 31,200 $285K No change
PSX Phillips 66 0.10% 1,980 $280K Add +1.2%
C Citigroup Inc. 0.10% 4,388 $278K Reduce -1.4%
PARAA Paramount Global Class B 0.09% 25,000 $260K New
NOG Northern Oil and Gas Inc. 0.09% 6,491 $241K No change
AKAM Akamai Technologies Inc. 0.09% 2,630 $237K Add +4.9%
WFC Wells Fargo & Co. 0.08% 3,896 $231K Reduce -5.9%
ABNB Airbnb Inc. Class A 0.08% 1,500 $227K New
Z Zillow Group Inc. Class C 0.08% 4,878 $226K No change
TGLS Tecnoglass Holdings Inc. 0.08% 4,363 $219K Add +5.7%
TGT Target Corp. 0.08% 1,474 $218K Reduce -4.9%
F Ford Motor Co. filed as FORD MTR CO DEL 0.08% 17,317 $217K Reduce -12.5%
ITB iShares U.S. Home Constructi 0.08% 2,148 $217K Reduce -10.5%
OPK Opko Health Inc. 0.08% 169,663 $212K No change
TMF Dir DLY 20+YR TR BL3X ETF-Ui 0.08% 4,300 $209K Reduce -65.0%
BX Blackstone Inc. 0.07% 1,645 $204K New
PALL Abrdn Physical Palladium SHS 0.07% 2,260 $201K New
OBE Obsidian Energy Ltd. 0.07% 26,000 $195K No change
UUUU Energy Fuels Inc. 0.07% 32,000 $194K No change
CLSK Cleanspark Inc. 0.07% 12,000 $191K No change
TRIP Tripadvisor Inc. 0.06% 10,000 $178K New
PAGAYA TECHNOLOGIES LTD 0.06% 11,879 $152K No change
SWI Solarwinds Corp. 0.05% 12,031 $145K No change
BHC Bausch Health Cos Inc. 0.05% 19,568 $136K No change
METC Ramaco Resources Inc. Class A 0.05% 10,000 $125K No change
JRNGF Journey Energy Inc. 0.03% 33,500 $74K No change
SAN Banco Santander SA-Spon ADR 0.02% 14,493 $67K No change
NIO Nio Inc. - ADR 0.02% 13,240 $55K No change
CYBIN INC 0.00% 42,000 $11K No change
ADAPY Adaptimmune Therapeutics-ADR 0.00% 11,192 $10K No change

Portfolio Sells Q1 2024 → Q2 2024
BPOP Popular Inc. Reduce -72.4% 0.57% −2.09
SPY SS SPDR S&P 500 ETF Trust-US Reduce -8.9% 2.22% −0.72
FANG Diamondback Energy Inc. Reduce -63.3% 0.23% −0.60
META Meta Platforms Inc. Class A Reduce -5.6% 1.88% −0.48
EC Ecopetrol SA-Sponsored ADR Sold out 0.00% −0.47
BMA Banco Macro SA-ADR Sold out 0.00% −0.46
PYPL PayPal Holdings Inc. Reduce -2.3% 0.81% −0.45
VGT Vanguard Info Tech ETF Sold out 0.00% −0.44
JPM JPMorgan Chase & Co. Reduce -1.0% 1.54% −0.43
XPO Xpo Inc. Reduce -0.8% 0.82% −0.41
LEN Lennar Corp. Class A Reduce -0.7% 0.84% −0.41
ERX Direxion Daily Enrgy BL2X-Ui Reduce -62.7% 0.14% −0.39
BTU Peabody Energy Corp. Sold out 0.00% −0.39
ABBV Abbvie Inc. Reduce -1.2% 0.87% −0.31
AMZN Amazon.com Inc. Reduce -1.8% 1.37% −0.31
VUG Vanguard Mrngstar GR ETF-Sui Reduce -61.5% 0.15% −0.31
TEEKAY CORPORATION Sold out 0.00% −0.28
AMGN Amgen Inc. Reduce -0.7% 1.54% −0.27
UCO Proshares Ultra Bloomberg CR Sold out 0.00% −0.23
TJX TJX Companies Inc. Reduce -1.0% 1.24% −0.23
MSFT Microsoft Corp. Reduce -3.2% 0.97% −0.22
COST Costco Wholesale Corp. Reduce -1.4% 1.60% −0.22
GOOG Alphabet Inc. Class C Reduce -8.7% 0.74% −0.19
TMF Dir DLY 20+YR TR BL3X ETF-Ui Reduce -65.0% 0.08% −0.18
PHM Pultegroup Inc. Reduce -1.1% 0.43% −0.18
KMB Kimberly-Clark Corp. Reduce -1.6% 0.68% −0.18
NMM Navios Maritime Partners LP Sold out 0.00% −0.17
TPL Texas Pacific Land Corp. Reduce -12.4% 0.91% −0.16
NVGS Navigator Holdings Ltd. Sold out 0.00% −0.15
WMT Walmart Inc. Reduce -1.3% 0.82% −0.14
FRO Frontline PLC Reduce -5.5% 0.52% −0.14
MKTX Marketaxess Holdings Inc. Sold out 0.00% −0.10
VOO Vanguard S&P 500 ETF Sold out 0.00% −0.10
PG The Procter & Gamble Co. Reduce -5.2% 0.25% −0.09
EXE Expand Energy Corp. Reduce -6.1% 0.17% −0.09
TSLA Tesla Inc. Reduce -22.3% 0.15% −0.08
BAC Bank of America Corp. Reduce -3.8% 0.28% −0.07
RIO Rio Tinto PLC-Spon ADR Reduce -4.3% 0.18% −0.07
OIH Vaneck Oil Services ETF Reduce -0.5% 0.20% −0.06
GRMN Garmin Ltd. Reduce -0.7% 0.30% −0.06
TFC Truist Financial Corp. Reduce -0.4% 0.18% −0.05
MS Morgan Stanley Reduce -5.8% 0.14% −0.04
TELL Tellurian Inc. Reduce -0.7% 0.35% −0.04
TGT Target Corp. Reduce -4.9% 0.08% −0.04
ITB iShares U.S. Home Constructi Reduce -10.5% 0.08% −0.04
F Ford Motor Co. Reduce -12.5% 0.08% −0.04
WFC Wells Fargo & Co. Reduce -5.9% 0.08% −0.03
TMUS T-Mobile US Inc. Reduce -4.4% 0.11% −0.03
BTI British American Tob-SP ADR Reduce -1.5% 0.11% −0.03
C Citigroup Inc. Reduce -1.4% 0.10% −0.03

Portfolio Buys Q1 2024 → Q2 2024
HIMS Hims & Hers Health Inc. New 0.55% +0.55
FBP First Bancorp Puerto Rico Add +45.2% 2.33% +0.34
OFG Ofg Bancorp Add +46.7% 2.26% +0.28
AMR Alpha Metallurgical Resource New 0.28% +0.28
HCC Warrior Met Coal Inc. Add +243.0% 0.39% +0.25
OXY Occidental Petroleum Corp. Add +96.0% 0.78% +0.23
ET Energy Transfer LP New 0.20% +0.20
COIN Coinbase Global Inc. Class A New 0.20% +0.20
LFMD Lifemd Inc. New 0.18% +0.18
IREN Iren Ltd. New 0.18% +0.18
EME Emcor Group Inc. New 0.18% +0.18
FIX Comfort Systems USA Inc. New 0.18% +0.18
PLTR Palantir Technologies Inc. Class A New 0.18% +0.18
RACE Ferrari NV Add +202.0% 0.22% +0.12
NVDA Nvidia Corp. Add +0.5% 1.91% +0.12
RH RH Add +91.1% 1.22% +0.10
PARAA Paramount Global Class B New 0.09% +0.09
ABNB Airbnb Inc. Class A New 0.08% +0.08
AAPL Apple Inc. Add +14.1% 1.04% +0.08
BX Blackstone Inc. New 0.07% +0.07
PALL Abrdn Physical Palladium SHS New 0.07% +0.07
TRIP Tripadvisor Inc. New 0.06% +0.06
SSO Proshares Ultra S&P500 Add +38.0% 0.26% +0.04
TQQQ Proshares Ultrapro QQQ Add +22.2% 0.15% +0.03
QQQ Invesco QQQ Trust Series 1 Add +1.3% 0.14% −0.02
TGLS Tecnoglass Holdings Inc. Add +5.7% 0.08% −0.02
BITX 2X Bitcoin ETF Add +21.7% 0.15% −0.03
VTV Vanguard Mrngstr Val ETF-Aui Add +4.5% 0.14% −0.03
PSX Phillips 66 Add +1.2% 0.10% −0.03
MSTR Strategy Inc. Add +42.2% 0.24% −0.03
BKNG Booking Holdings Inc. Add +10.7% 0.46% −0.04
GOOGL Alphabet Inc. Class A Add +1.4% 0.24% −0.04
FCX Freeport-McMoran Inc. Add +2.4% 0.16% −0.04
AKAM Akamai Technologies Inc. Add +4.9% 0.09% −0.04
EOG EOG Resources Inc. Add +2.7% 0.15% −0.04
FTNT Fortinet Inc. Add +3.1% 0.13% −0.06
XLE SS Energy Select Sector Add +27.0% 0.90% −0.06
MRSH Marsh & McLennan Cos Add +1.8% 0.23% −0.06
TSCO Tractor Supply Company Add +1.6% 0.25% −0.06
MA Mastercard Inc. Class A Add +2.3% 0.17% −0.07
MO Altria Group Inc. Add +1.0% 0.30% −0.07
ALLY Ally Financial Inc. Add +0.5% 0.28% −0.08
CB Chubb Ltd. Add +1.3% 0.29% −0.09
SHOP Shopify Inc. Class A Add +1.9% 0.21% −0.09
PM Philip Morris International Add +0.6% 0.46% −0.09
LMT Lockheed Martin Corp. Add +1.4% 0.36% −0.10
RTX RTX Corp. Add +1.0% 0.33% −0.10
JNJ Johnson & Johnson Add +0.6% 0.30% −0.10
VAL Valaris Ltd. Add +0.5% 0.40% −0.11
EWZ iShares MSCI Brazil ETF Add +1.0% 0.25% −0.13

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 176$394.1MASTS, AMD, MU, SPY, IREN
Q1 2026 164$296.7MSPY, IREN, AMD, HIMS, META
Q4 2025 161$305.2MHIMS, ASTS, SPY, AMD, IREN
Q3 2025 162$320.2MHIMS, LMND, ASTS, SPY, AMD
Q2 2025 160$278.1MHIMS, SPY, MSTR, IBIT, META
Q1 2025 154$232.6MIBIT, SPY, OFG, META, BRK.B
Q4 2024 163$243.3MIBIT, SPY, META, OFG, JPM
Q3 2024 161$295.9MBRK.A, IBIT, SPY, FBP, OFG
Q2 2024 157$276.3MBRK.A, IBIT, FBP, OFG, SPY
Q1 2024 153$211.0MIBIT, SPY, BPOP, AMD, META