X-Square Capital, LLC

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 22, 2024), X-Square Capital, LLC reported 161 stock positions worth $295.9 million. Its top holding was Berkshire Hathaway Class A (BRK.A) at 23.4% of the portfolio, followed by iShares Bitcoin Trust ETF (IBIT, 2.7%) and SS SPDR S&P 500 ETF Trust-US (SPY, 2.7%). Compared with Q2 2024, it opened 16 new positions, sold out of 12, added to 82 and reduced 39. The biggest buy was a new position in Lululemon Athletica (LULU) and the biggest sale an exit from Dirx DLY RGNL BNK B3X ETF-Ui (DPST).

Most Recent 13F
Q2 2026
Location
GUAYNABO, PR
CIK
0001729300
Portfolio Value
$295.9M (Q3 2024)
SEC Filing
0001729300-24-000005 ↗ filed Oct 22, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $211.0M Q1 2024 Q2 2024: $276.3M Q2 2024 Q3 2024: $295.9M $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 161 stocks · $295.9M
BRK.A Berkshire Hathaway Inc. Class A 23.35% 100 $69.1M No change
IBIT iShares Bitcoin Trust ETF 2.73% 223,396 $8.1M Reduce -0.5%
SPY SS SPDR S&P 500 ETF Trust-US 2.69% 13,866 $8.0M Add +22.8%
FBP First Bancorp Puerto Rico 2.25% 314,170 $6.7M Reduce -10.5%
OFG Ofg Bancorp 2.17% 142,733 $6.4M Reduce -14.6%
META Meta Platforms Inc. Class A 2.03% 10,510 $6.0M Add +2.2%
AMD Advanced Micro Devices 1.80% 32,406 $5.3M Add +5.7%
BRK.B Berkshire Hathaway Inc. Class B 1.66% 10,691 $4.9M Add +3.1%
COST Costco Wholesale Corp. 1.60% 5,354 $4.7M Add +3.1%
JPM JPMorgan Chase & Co. 1.54% 21,661 $4.6M Add +2.7%
AMGN Amgen Inc. 1.52% 13,955 $4.5M Add +2.5%
URI United Rentals Inc. 1.37% 4,988 $4.0M Add +3.2%
TEVA Teva Pharmaceutical-SP ADR 1.34% 220,163 $4.0M Add +3.0%
MU Micron Technology Inc. 1.33% 37,824 $3.9M Add +3.1%
NVDA Nvidia Corp. 1.31% 31,852 $3.9M Reduce -25.5%
TJX TJX Companies Inc. filed as TJX COS INC NEW 1.27% 32,044 $3.8M Add +3.2%
AMZN Amazon.com Inc. 1.27% 20,127 $3.8M Add +2.5%
RH RH 1.21% 10,697 $3.6M Reduce -22.4%
MELI MercadoLibre Inc. 1.18% 1,704 $3.5M Add +4.3%
GD General Dynamics Corp. 1.13% 11,087 $3.4M Add +3.4%
AAPL Apple Inc. 1.07% 13,636 $3.2M Add +0.1%
CPRT Copart Inc. 1.05% 59,330 $3.1M Add +21.6%
TPL Texas Pacific Land Corp. 1.05% 3,507 $3.1M Add +1.9%
LEN Lennar Corp. Class A 1.03% 16,255 $3.0M Add +4.4%
SU Suncor Energy Inc. 1.03% 82,453 $3.0M Add +3.5%
TDG Transdigm Group Inc. 0.99% 2,061 $2.9M Add +4.6%
ABBV Abbvie Inc. 0.98% 14,710 $2.9M Add +4.4%
CMG Chipotle Mexican Grill Inc. 0.97% 49,644 $2.9M Add +9.5%
SKX Skechers USA Inc. Class A 0.96% 42,625 $2.9M Add +4.2%
WMT Walmart Inc. 0.94% 34,460 $2.8M Add +3.1%
PYPL PayPal Holdings Inc. 0.91% 34,638 $2.7M Reduce -9.9%
MSFT Microsoft Corp. 0.89% 6,108 $2.6M Add +2.2%
XLE SS Energy Select Sector 0.82% 27,691 $2.4M Add +2.1%
XPO Xpo Inc. 0.81% 22,353 $2.4M Add +4.8%
GNRC Generac Holdings Inc. 0.76% 14,227 $2.3M Add +5.8%
KO The Coca-Cola Co. 0.75% 30,699 $2.2M Add +2.5%
VLO Valero Energy Corp. 0.71% 15,630 $2.1M Add +2.1%
ZTAX X-Square Municipal Inc. ETF 0.71% 79,498 $2.1M Add +0.7%
MSTR Strategy Inc. filed as MICROSTRATEGY INC 0.70% 12,200 $2.1M Add +158.5%
URNM Sprott Uranium Miners ETF 0.68% 43,850 $2.0M No change
KMB Kimberly-Clark Corp. 0.67% 14,027 $2.0M Add +2.5%
DPZ Domino's Pizza Inc. 0.65% 4,460 $1.9M Add +12.1%
GOOG Alphabet Inc. Class C 0.65% 11,465 $1.9M Add +3.0%
NOC Northrop Grumman Corp. 0.61% 3,427 $1.8M Add +3.0%
BAH Booz Allen Hamilton Holdings 0.60% 10,891 $1.8M Add +3.6%
OXY Occidental Petroleum Corp. 0.60% 34,265 $1.8M Add +0.2%
ORLY O'reilly Automotive Inc. 0.60% 1,530 $1.8M Add +3.0%
VALE Vale SA-SP ADR 0.59% 149,231 $1.7M Add +7.3%
NFE New Fortress Energy Inc. 0.57% 184,746 $1.7M Add +34.5%
BKNG Booking Holdings Inc. 0.55% 383 $1.6M Add +19.3%
BPOP Popular Inc. 0.54% 16,067 $1.6M Reduce -9.6%
PM Philip Morris International 0.53% 12,964 $1.6M Add +2.7%
EXPE Expedia Group Inc. 0.53% 10,506 $1.6M Reduce -33.4%
PHM Pultegroup Inc. 0.52% 10,798 $1.6M Reduce -0.2%
LULU Lululemon Athletica Inc. 0.47% 5,132 $1.4M New
HIMS Hims & Hers Health Inc. 0.47% 75,066 $1.4M No change
HD Home Depot Inc. 0.45% 3,320 $1.3M Add +3.4%
LMT Lockheed Martin Corp. 0.43% 2,182 $1.3M Add +3.7%
DG Dollar General Corp. 0.42% 14,778 $1.3M Add +7.5%
RTX RTX Corp. 0.39% 9,572 $1.2M Add +5.0%
HCC Warrior Met Coal Inc. 0.37% 17,150 $1.1M No change
PLTR Palantir Technologies Inc. Class A 0.37% 29,081 $1.1M Add +51.6%
FAST Fastenal Co. 0.36% 14,844 $1.1M Add +4.0%
SBSW Sibanye-Stillwater Ltd.-ADR 0.33% 239,970 $986K Reduce -0.3%
GFS Globalfoundries Inc. 0.33% 24,329 $979K Add +3.8%
CB Chubb Ltd. 0.33% 3,393 $979K Add +7.4%
BORR Borr Drilling Ltd. 0.33% 177,727 $976K Add +6.9%
GRMN Garmin Ltd. 0.33% 5,521 $972K Add +7.1%
QQQ Invesco QQQ Trust Series 1 0.33% 1,977 $965K Add +146.5%
MO Altria Group Inc. 0.32% 18,797 $959K Add +5.0%
VTLE Vital Energy Inc. 0.32% 35,655 $959K Reduce -0.1%
JNJ Johnson & Johnson 0.32% 5,890 $954K Add +3.1%
UCO Proshares Ultra Bloomberg CR 0.30% 35,500 $902K New
BTE Baytex Energy Corp. 0.30% 297,780 $884K No change
VAL Valaris Ltd. 0.29% 15,370 $857K Add +4.8%
TSCO Tractor Supply Company 0.27% 2,795 $813K Add +8.4%
TNA Dir Dai SML Ca Bul 3X Et-Usd 0.26% 17,500 $776K New
SHOP Shopify Inc. Class A 0.26% 9,573 $767K Add +10.7%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.26% 19,299 $766K Reduce -1.0%
IREN Iren Ltd. filed as IRIS ENERGY LTD 0.26% 90,000 $760K Add +100.0%
PG The Procter & Gamble Co. 0.25% 4,226 $732K Reduce -0.2%
RACE Ferrari NV 0.24% 1,510 $710K No change
XOM Exxon Mobil Corp. 0.24% 5,943 $697K Reduce -0.0%
SOXL Direx Dail Semi Bu 3X Et-Usd 0.23% 18,926 $694K New
AMR Alpha Metallurgical Resource 0.23% 2,921 $690K Add +6.6%
ALLY Ally Financial Inc. 0.23% 19,306 $687K Add +0.0%
ORCL Oracle Corp. 0.21% 3,685 $628K New
FIX Comfort Systems USA Inc. 0.21% 1,600 $625K No change
BAK Braskem SA Class A- ADR 0.21% 85,000 $624K No change
BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC 0.21% 7,489 $618K Reduce -0.3%
GPRK Geopark Ltd. 0.20% 77,000 $606K No change
EME Emcor Group Inc. 0.20% 1,385 $596K No change
RIO Rio Tinto PLC-Spon ADR 0.20% 8,368 $596K Add +12.2%
MA Mastercard Inc. Class A 0.20% 1,197 $591K Add +12.9%
GOOGL Alphabet Inc. Class A 0.20% 3,511 $583K Reduce -5.1%
TFC Truist Financial Corp. 0.19% 12,901 $552K Reduce -0.3%
EXE Expand Energy Corp. filed as CHESAPEAKE ENERGY CORP 0.18% 6,560 $540K Add +12.5%
FANG Diamondback Energy Inc. 0.18% 3,133 $540K Reduce -3.1%
FTNT Fortinet Inc. 0.18% 6,810 $528K Add +17.4%
FCX Freeport-McMoran Inc. 0.18% 10,506 $524K Add +13.7%
CMI Cummins Inc. 0.18% 1,600 $518K New
MRK Merck & Co. Inc. 0.17% 4,499 $511K Add +0.3%
APP AppLovin Corp. Class A 0.17% 3,900 $509K New
VUG Vanguard Mrngstar GR ETF-Sui 0.17% 1,324 $508K Add +16.2%
TSLA Tesla Inc. 0.16% 1,849 $484K Reduce -10.8%
VTV Vanguard Mrngstr Val ETF-Aui 0.16% 2,683 $468K Add +14.8%
EOG EOG Resources Inc. 0.15% 3,709 $456K Add +14.6%
OIH Vaneck Oil Services ETF 0.15% 1,576 $447K Reduce -9.6%
EWZ iShares MSCI Brazil ETF 0.15% 15,112 $446K Reduce -41.0%
BMA Banco Macro SA-ADR 0.15% 7,000 $445K New
TDW Tidewater Inc. 0.15% 6,000 $431K No change
MS Morgan Stanley 0.14% 4,068 $424K Add +0.0%
SSO Proshares Ultra S&P500 0.14% 4,496 $405K Reduce -47.3%
BITX 2X Bitcoin ETF 0.13% 13,789 $393K Add +6.4%
LFMD Lifemd Inc. 0.13% 74,229 $389K No change
TGLS Tecnoglass Holdings Inc. 0.13% 5,545 $381K Add +27.1%
TSM Taiwan Semiconductor-SP ADR 0.12% 2,121 $368K No change
BTI British American Tob-SP ADR 0.12% 9,852 $360K Add +0.1%
RIG Transocean Ltd. 0.12% 83,860 $356K No change
TMUS T-Mobile US Inc. 0.12% 1,708 $352K Reduce -1.3%
ERX Direxion Daily Enrgy BL2X-Ui 0.12% 5,905 $350K Reduce -0.9%
HE Hawaiian Electric Inds 0.12% 36,133 $350K Reduce -43.7%
MCD McDonald's Corp. 0.12% 1,150 $350K Add +0.1%
TMF Dir DLY 20+YR TR BL3X ETF-Ui 0.12% 6,000 $347K Add +39.5%
GOLDEN OCEAN GROUP LTD 0.11% 25,000 $335K New
AKAM Akamai Technologies Inc. 0.11% 3,288 $332K Add +25.0%
SKYH SKY Harbour Group Corp. 0.11% 30,000 $331K New
MKTX Marketaxess Holdings Inc. 0.11% 1,280 $328K New
GGAL Grupo Financiero Galicia-ADR 0.11% 7,500 $316K New
Z Zillow Group Inc. Class C 0.10% 4,812 $307K Reduce -1.4%
BABA Alibaba Group Holding-SP ADR 0.10% 2,881 $306K Reduce -59.5%
COTY Coty Inc. Class A 0.10% 31,976 $300K No change
UWMC Uwm Holdings Corp. 0.10% 35,000 $298K New
COIN Coinbase Global Inc. Class A 0.10% 1,662 $296K Reduce -32.3%
QCOM Qualcomm Inc. 0.10% 1,739 $296K Reduce -0.5%
ITB iShares U.S. Home Constructi 0.09% 2,149 $273K Add +0.1%
C Citigroup Inc. 0.09% 4,316 $270K Reduce -1.6%
ICE Intercontinental Exchange Inc. 0.09% 1,661 $267K New
PARAA Paramount Global Class B 0.09% 25,000 $266K No change
PSX Phillips 66 0.09% 1,949 $256K Reduce -1.6%
TQQQ Proshares Ultrapro QQQ 0.09% 3,500 $254K Reduce -36.4%
BX Blackstone Inc. 0.09% 1,653 $253K Add +0.5%
OPK Opko Health Inc. 0.09% 169,551 $253K Reduce -0.1%
RXO Rxo Inc. 0.08% 8,918 $250K New
RIOT Riot Platforms Inc. 0.08% 31,058 $230K Reduce -0.5%
NOG Northern Oil and Gas Inc. 0.08% 6,452 $228K Reduce -0.6%
PI Impinj Inc. 0.08% 1,030 $223K New
TGT Target Corp. 0.08% 1,433 $223K Reduce -2.8%
WFC Wells Fargo & Co. 0.07% 3,908 $221K Add +0.3%
F Ford Motor Co. filed as FORD MTR CO 0.06% 17,324 $183K Add +0.0%
UUUU Energy Fuels Inc. 0.06% 32,000 $176K No change
BHC Bausch Health Cos Inc. 0.05% 19,568 $160K No change
SWI Solarwinds Corp. 0.05% 12,031 $157K No change
OBE Obsidian Energy Ltd. 0.05% 25,881 $144K Reduce -0.5%
METC Ramaco Resources Inc. Class A 0.04% 10,000 $117K No change
CLSK Cleanspark Inc. 0.04% 12,000 $112K No change
SAN Banco Santander SA-Spon ADR 0.03% 14,493 $74K No change
NIO Nio Inc. - ADR 0.02% 10,152 $68K Reduce -23.3%
JRNGF Journey Energy Inc. 0.02% 33,500 $60K No change
ADAPY Adaptimmune Therapeutics-ADR 0.00% 11,180 $10K Reduce -0.1%
PAGAYA TECHNOLOGIES LTD 0.00% 11,879 $126 No change

Portfolio Sells Q2 2024 → Q3 2024
DPST Dirx DLY RGNL BNK B3X ETF-Ui Sold out 0.00% −0.73
NVDA Nvidia Corp. Reduce -25.5% 1.31% −0.60
FRO Frontline PLC Sold out 0.00% −0.52
VIST Vista Energy Sab DE CV Sold out 0.00% −0.36
TELL Tellurian Inc. Sold out 0.00% −0.35
TUSK Mammoth Energy Services Inc. Sold out 0.00% −0.26
VTLE Vital Energy Inc. Reduce -0.1% 0.32% −0.26
MRSH Marsh & McLennan Cos Sold out 0.00% −0.23
ET Energy Transfer LP Sold out 0.00% −0.20
EXPE Expedia Group Inc. Reduce -33.4% 0.53% −0.19
SSO Proshares Ultra S&P500 Reduce -47.3% 0.14% −0.12
ZIM Zim Integrated Shipping Serv Sold out 0.00% −0.11
EWZ iShares MSCI Brazil ETF Reduce -41.0% 0.15% −0.10
OFG Ofg Bancorp Reduce -14.6% 2.17% −0.10
COIN Coinbase Global Inc. Class A Reduce -32.3% 0.10% −0.10
HE Hawaiian Electric Inds Reduce -43.7% 0.12% −0.09
ABNB Airbnb Inc. Class A Sold out 0.00% −0.08
BABA Alibaba Group Holding-SP ADR Reduce -59.5% 0.10% −0.08
FBP First Bancorp Puerto Rico Reduce -10.5% 2.25% −0.08
PALL Abrdn Physical Palladium SHS Sold out 0.00% −0.07
TRIP Tripadvisor Inc. Sold out 0.00% −0.06
TQQQ Proshares Ultrapro QQQ Reduce -36.4% 0.09% −0.06
FANG Diamondback Energy Inc. Reduce -3.1% 0.18% −0.05
OIH Vaneck Oil Services ETF Reduce -9.6% 0.15% −0.05
GOOGL Alphabet Inc. Class A Reduce -5.1% 0.20% −0.05
SBSW Sibanye-Stillwater Ltd.-ADR Reduce -0.3% 0.33% −0.05
IBIT iShares Bitcoin Trust ETF Reduce -0.5% 2.73% −0.05
BJ Bj's Wholesale Club Holdings Reduce -0.3% 0.21% −0.03
QCOM Qualcomm Inc. Reduce -0.5% 0.10% −0.03
RIOT Riot Platforms Inc. Reduce -0.5% 0.08% −0.03
BPOP Popular Inc. Reduce -9.6% 0.54% −0.02
ERX Direxion Daily Enrgy BL2X-Ui Reduce -0.9% 0.12% −0.02
OBE Obsidian Energy Ltd. Reduce -0.5% 0.05% −0.02
BAC Bank of America Corp. Reduce -1.0% 0.26% −0.02
PSX Phillips 66 Reduce -1.6% 0.09% −0.01
XOM Exxon Mobil Corp. Reduce -0.0% 0.24% −0.01
NOG Northern Oil and Gas Inc. Reduce -0.6% 0.08% −0.01
RH RH Reduce -22.4% 1.21% −0.01
C Citigroup Inc. Reduce -1.6% 0.09% −0.01
PG The Procter & Gamble Co. Reduce -0.2% 0.25% −0.01
CYBIN INC Sold out 0.00% −0.00
TGT Target Corp. Reduce -2.8% 0.08% −0.00
ADAPY Adaptimmune Therapeutics-ADR Reduce -0.1% 0.00% −0.00
NIO Nio Inc. - ADR Reduce -23.3% 0.02% +0.00
TFC Truist Financial Corp. Reduce -0.3% 0.19% +0.00
TMUS T-Mobile US Inc. Reduce -1.3% 0.12% +0.01
OPK Opko Health Inc. Reduce -0.1% 0.09% +0.01
TSLA Tesla Inc. Reduce -10.8% 0.16% +0.02
Z Zillow Group Inc. Class C Reduce -1.4% 0.10% +0.02
PHM Pultegroup Inc. Reduce -0.2% 0.52% +0.09

Portfolio Buys Q2 2024 → Q3 2024
LULU Lululemon Athletica Inc. New 0.47% +0.47
SPY SS SPDR S&P 500 ETF Trust-US Add +22.8% 2.69% +0.46
MSTR Strategy Inc. Add +158.5% 0.70% +0.46
UCO Proshares Ultra Bloomberg CR New 0.30% +0.30
TNA Dir Dai SML Ca Bul 3X Et-Usd New 0.26% +0.26
SOXL Direx Dail Semi Bu 3X Et-Usd New 0.23% +0.23
URI United Rentals Inc. Add +3.2% 1.37% +0.23
ORCL Oracle Corp. New 0.21% +0.21
MELI MercadoLibre Inc. Add +4.3% 1.18% +0.21
PLTR Palantir Technologies Inc. Class A Add +51.6% 0.37% +0.19
QQQ Invesco QQQ Trust Series 1 Add +146.5% 0.33% +0.19
LEN Lennar Corp. Class A Add +4.4% 1.03% +0.19
CMI Cummins Inc. New 0.18% +0.18
APP AppLovin Corp. Class A New 0.17% +0.17
META Meta Platforms Inc. Class A Add +2.2% 2.03% +0.16
BMA Banco Macro SA-ADR New 0.15% +0.15
BRK.B Berkshire Hathaway Inc. Class B Add +3.1% 1.66% +0.14
TPL Texas Pacific Land Corp. Add +1.9% 1.05% +0.13
WMT Walmart Inc. Add +3.1% 0.94% +0.12
GNRC Generac Holdings Inc. Add +5.8% 0.76% +0.12
GOLDEN OCEAN GROUP LTD New 0.11% +0.11
SKYH SKY Harbour Group Corp. New 0.11% +0.11
MKTX Marketaxess Holdings Inc. New 0.11% +0.11
ABBV Abbvie Inc. Add +4.4% 0.98% +0.11
GGAL Grupo Financiero Galicia-ADR New 0.11% +0.11
UWMC Uwm Holdings Corp. New 0.10% +0.10
CPRT Copart Inc. Add +21.6% 1.05% +0.09
ICE Intercontinental Exchange Inc. New 0.09% +0.09
NOC Northrop Grumman Corp. Add +3.0% 0.61% +0.09
BKNG Booking Holdings Inc. Add +19.3% 0.55% +0.09
RXO Rxo Inc. New 0.08% +0.08
TEVA Teva Pharmaceutical-SP ADR Add +3.0% 1.34% +0.08
TDG Transdigm Group Inc. Add +4.6% 0.99% +0.08
PI Impinj Inc. New 0.08% +0.08
LMT Lockheed Martin Corp. Add +3.7% 0.43% +0.08
IREN Iren Ltd. Add +100.0% 0.26% +0.07
PM Philip Morris International Add +2.7% 0.53% +0.07
RTX RTX Corp. Add +5.0% 0.39% +0.06
KO The Coca-Cola Co. Add +2.5% 0.75% +0.06
HD Home Depot Inc. Add +3.4% 0.45% +0.05
SHOP Shopify Inc. Class A Add +10.7% 0.26% +0.05
FTNT Fortinet Inc. Add +17.4% 0.18% +0.05
TGLS Tecnoglass Holdings Inc. Add +27.1% 0.13% +0.05
TMF Dir DLY 20+YR TR BL3X ETF-Ui Add +39.5% 0.12% +0.04
CB Chubb Ltd. Add +7.4% 0.33% +0.04
TJX TJX Companies Inc. Add +3.2% 1.27% +0.04
AAPL Apple Inc. Add +0.1% 1.07% +0.03
FAST Fastenal Co. Add +4.0% 0.36% +0.03
MA Mastercard Inc. Class A Add +12.9% 0.20% +0.03
MO Altria Group Inc. Add +5.0% 0.32% +0.03

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