X-Square Capital, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 9, 2025), X-Square Capital, LLC reported 154 stock positions worth $232.6 million. Its top holding was iShares Bitcoin Trust ETF (IBIT) at 5.0% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 3.8%) and Ofg Bancorp (OFG, 2.9%). Compared with Q4 2024, it opened 5 new positions, sold out of 14, added to 87 and reduced 41. The biggest buy was Hims & Hers Health (HIMS, shares +99%) and the biggest sale Popular (BPOP, shares −60%).
- Most Recent 13F
- Q2 2026
- Location
- GUAYNABO, PR
- CIK
- 0001729300
- Portfolio Value
- $232.6M (Q1 2025)
- SEC Filing
- 0001729300-25-000002 ↗ filed May 9, 2025
Holdings Value
Holdings 154 stocks · $232.6M
| IBIT iShares Bitcoin Trust ETF | 5.04% | 250,426 | $11.7M | Reduce -6.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 3.75% | 15,609 | $8.7M | Add +2.0% |
| OFG Ofg Bancorp | 2.88% | 167,114 | $6.7M | Add +16.8% |
| META Meta Platforms Inc. Class A | 2.62% | 10,562 | $6.1M | Add +0.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.50% | 10,920 | $5.8M | Add +2.5% |
| FBP First Bancorp Puerto Rico | 2.46% | 298,830 | $5.7M | Add +19.8% |
| JPM JPMorgan Chase & Co. | 2.34% | 22,199 | $5.4M | Add +2.3% |
| COST Costco Wholesale Corp. | 2.24% | 5,498 | $5.2M | Add +2.8% |
| HIMS Hims & Hers Health Inc. | 1.95% | 153,480 | $4.5M | Add +98.7% |
| AMGN Amgen Inc. | 1.93% | 14,386 | $4.5M | Add +3.2% |
| MSTR Strategy Inc. filed as MICROSTRATEGY INC | 1.84% | 14,857 | $4.3M | Add +9.2% |
| AMD Advanced Micro Devices | 1.81% | 41,031 | $4.2M | Add +12.3% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.73% | 33,028 | $4.0M | Add +3.2% |
| AMZN Amazon.com Inc. | 1.71% | 20,919 | $4.0M | Add +3.5% |
| MELI MercadoLibre Inc. | 1.57% | 1,873 | $3.7M | Reduce -33.0% |
| MU Micron Technology Inc. | 1.43% | 38,277 | $3.3M | Add +1.7% |
| SU Suncor Energy Inc. | 1.40% | 84,317 | $3.3M | Add +1.9% |
| ABBV Abbvie Inc. | 1.40% | 15,541 | $3.3M | Add +4.6% |
| NVDA Nvidia Corp. | 1.38% | 29,620 | $3.2M | Reduce -6.6% |
| URI United Rentals Inc. | 1.38% | 5,117 | $3.2M | Add +2.0% |
| WMT Walmart Inc. | 1.34% | 35,517 | $3.1M | Add +3.5% |
| GD General Dynamics Corp. | 1.34% | 11,402 | $3.1M | Add +2.6% |
| TDG Transdigm Group Inc. | 1.30% | 2,179 | $3.0M | Add +4.7% |
| CPRT Copart Inc. | 1.29% | 52,897 | $3.0M | Reduce -11.5% |
| SKX Skechers USA Inc. Class A | 1.20% | 49,072 | $2.8M | Add +14.6% |
| PYPL PayPal Holdings Inc. | 1.18% | 42,039 | $2.7M | Add +21.5% |
| TSLA Tesla Inc. | 1.16% | 10,422 | $2.7M | Reduce -7.7% |
| AAPL Apple Inc. | 1.10% | 11,552 | $2.6M | Reduce -15.3% |
| XPO Xpo Inc. | 1.09% | 23,486 | $2.5M | Add +4.2% |
| CMG Chipotle Mexican Grill Inc. | 1.06% | 49,289 | $2.5M | Reduce -1.6% |
| MSFT Microsoft Corp. | 0.99% | 6,127 | $2.3M | Reduce -0.5% |
| KO The Coca-Cola Co. | 0.97% | 31,569 | $2.3M | Add +1.5% |
| ORLY O'reilly Automotive Inc. | 0.96% | 1,562 | $2.2M | Add +0.7% |
| DPZ Domino's Pizza Inc. | 0.94% | 4,758 | $2.2M | Add +5.4% |
| PM Philip Morris International | 0.93% | 13,562 | $2.2M | Add +5.6% |
| VLO Valero Energy Corp. | 0.89% | 15,736 | $2.1M | Add +0.6% |
| XLE SS Energy Select Sector | 0.89% | 22,103 | $2.1M | Add +1.4% |
| ZTAX X-Square Municipal Inc. ETF | 0.87% | 80,103 | $2.0M | Reduce -0.2% |
| KMB Kimberly-Clark Corp. | 0.86% | 14,047 | $2.0M | Reduce -0.3% |
| TPL Texas Pacific Land Corp. | 0.84% | 1,480 | $2.0M | Add +0.1% |
| EXPE Expedia Group Inc. | 0.84% | 11,641 | $2.0M | Add +9.2% |
| LEN Lennar Corp. Class A | 0.83% | 16,815 | $1.9M | Add +2.6% |
| GNRC Generac Holdings Inc. | 0.82% | 15,078 | $1.9M | Add +5.0% |
| BKNG Booking Holdings Inc. | 0.82% | 414 | $1.9M | Add +7.3% |
| RH RH | 0.81% | 8,022 | $1.9M | Add +3.4% |
| GOOG Alphabet Inc. Class C | 0.79% | 11,749 | $1.8M | Add +4.5% |
| NOC Northrop Grumman Corp. | 0.77% | 3,488 | $1.8M | Add +0.4% |
| PLTR Palantir Technologies Inc. Class A | 0.75% | 20,562 | $1.7M | Reduce -29.3% |
| OXY Occidental Petroleum Corp. | 0.73% | 34,401 | $1.7M | Add +0.2% |
| VALE Vale SA-SP ADR | 0.69% | 161,309 | $1.6M | Add +6.2% |
| NFE New Fortress Energy Inc. | 0.68% | 191,496 | $1.6M | Add +3.4% |
| DG Dollar General Corp. | 0.62% | 16,419 | $1.4M | Add +7.8% |
| BPOP Popular Inc. | 0.60% | 15,103 | $1.4M | Reduce -60.1% |
| LULU Lululemon Athletica Inc. | 0.60% | 4,923 | $1.4M | Reduce -0.5% |
| URNM Sprott Uranium Miners ETF | 0.57% | 41,043 | $1.3M | No change |
| RTX RTX Corp. | 0.56% | 9,824 | $1.3M | Add +2.5% |
| GRMN Garmin Ltd. | 0.56% | 5,965 | $1.3M | Add +8.0% |
| HD Home Depot Inc. | 0.55% | 3,519 | $1.3M | Add +7.0% |
| FAST Fastenal Co. | 0.53% | 15,907 | $1.2M | Add +8.3% |
| MO Altria Group Inc. | 0.53% | 20,455 | $1.2M | Add +9.9% |
| BAH Booz Allen Hamilton Holdings | 0.52% | 11,610 | $1.2M | Add +6.6% |
| QQQ Invesco QQQ Trust Series 1 | 0.50% | 2,481 | $1.2M | Add +26.2% |
| IREN Iren Ltd. filed as IREN LIMITED | 0.50% | 189,618 | $1.2M | Add +12.2% |
| CB Chubb Ltd. | 0.49% | 3,747 | $1.1M | Add +10.4% |
| APP AppLovin Corp. Class A | 0.48% | 4,249 | $1.1M | Add +6.3% |
| PHM Pultegroup Inc. | 0.47% | 10,750 | $1.1M | Reduce -0.4% |
| LMT Lockheed Martin Corp. | 0.46% | 2,403 | $1.1M | Add +9.9% |
| JNJ Johnson & Johnson | 0.46% | 6,416 | $1.1M | Add +9.9% |
| VAL Valaris Ltd. | 0.43% | 25,755 | $1.0M | Reduce -1.2% |
| SHOP Shopify Inc. Class A | 0.41% | 10,083 | $963K | Add +8.4% |
| SMCI Super Micro Computer Inc. | 0.41% | 28,111 | $963K | Add +0.4% |
| SOXL Direx Dail Semi Bu 3X Et-Usd | 0.39% | 57,280 | $914K | Add +109.6% |
| TEVA Teva Pharmaceutical-SP ADR | 0.39% | 59,292 | $911K | Reduce -3.1% |
| GFS Globalfoundries Inc. | 0.39% | 24,396 | $900K | Reduce -1.7% |
| TSCO Tractor Supply Company | 0.37% | 15,543 | $856K | Add +10.9% |
| SMLR Semler Scientific Inc. | 0.35% | 22,774 | $824K | Reduce -1.1% |
| EXE Expand Energy Corp. | 0.35% | 7,377 | $821K | Add +12.4% |
| HCC Warrior Met Coal Inc. | 0.35% | 17,150 | $818K | No change |
| QXO Qxo Inc. | 0.35% | 60,000 | $812K | New |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.35% | 2,182 | $809K | Add +15.6% |
| MA Mastercard Inc. Class A | 0.35% | 1,472 | $807K | Add +13.5% |
| ASML ASML Holding NV-NY Reg SHS | 0.35% | 1,216 | $806K | Add +1.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.34% | 19,129 | $798K | Add +0.1% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.34% | 1 | $798K | Reduce -99.0% |
| BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC | 0.34% | 6,902 | $788K | Reduce -1.1% |
| ALLY Ally Financial Inc. | 0.34% | 21,419 | $781K | Add +11.1% |
| OPK Opko Health Inc. | 0.33% | 460,425 | $764K | Add +184.7% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.32% | 4,358 | $753K | Add +12.7% |
| FTNT Fortinet Inc. | 0.32% | 7,751 | $746K | Add +13.9% |
| UBER Uber Technologies Inc. | 0.31% | 10,004 | $729K | New |
| PG The Procter & Gamble Co. | 0.31% | 4,231 | $721K | Add +0.8% |
| XOM Exxon Mobil Corp. | 0.30% | 5,928 | $705K | No change |
| BTE Baytex Energy Corp. | 0.28% | 296,780 | $662K | Reduce -0.3% |
| RACE Ferrari NV | 0.28% | 1,533 | $656K | Add +1.5% |
| ORCL Oracle Corp. | 0.26% | 4,274 | $598K | Add +15.9% |
| TFC Truist Financial Corp. | 0.25% | 13,899 | $572K | Add +16.1% |
| EOG EOG Resources Inc. | 0.24% | 4,445 | $570K | Add +19.8% |
| GOOGL Alphabet Inc. Class A | 0.24% | 3,653 | $565K | Add +4.0% |
| MARA Mara Holdings Inc. | 0.24% | 48,500 | $558K | No change |
| FIX Comfort Systems USA Inc. | 0.22% | 1,600 | $516K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| BPOP Popular Inc. | Reduce -60.1% | 0.60% | −0.86 |
| IBIT iShares Bitcoin Trust ETF | Reduce -6.3% | 5.04% | −0.79 |
| TSLA Tesla Inc. | Reduce -7.7% | 1.16% | −0.71 |
| VTLE Vital Energy Inc. | Sold out | 0.00% | −0.42 |
| MELI MercadoLibre Inc. | Reduce -33.0% | 1.57% | −0.38 |
| NVDA Nvidia Corp. | Reduce -6.6% | 1.38% | −0.37 |
| FRO Frontline PLC | Reduce -68.6% | 0.18% | −0.34 |
| AAPL Apple Inc. | Reduce -15.3% | 1.10% | −0.30 |
| BRZU Dir Dai Ms Braz Bul 2X ETF-U | Sold out | 0.00% | −0.26 |
| PBR Petroleo Brasileiro-Spon ADR | Sold out | 0.00% | −0.26 |
| SBSW Sibanye-Stillwater Ltd.-ADR | Sold out | 0.00% | −0.21 |
| DPST Dirx DLY RGNL BNK B3X ETF-Ui | Sold out | 0.00% | −0.21 |
| BITX 2X Bitcoin ETF | Reduce -38.2% | 0.15% | −0.18 |
| LULU Lululemon Athletica Inc. | Reduce -0.5% | 0.60% | −0.18 |
| CMG Chipotle Mexican Grill Inc. | Reduce -1.6% | 1.06% | −0.18 |
| EC Ecopetrol SA-Sponsored ADR | Sold out | 0.00% | −0.17 |
| WEBL Dirxn DLY DJNS Int BL3 E-Usi | Sold out | 0.00% | −0.17 |
| TEVA Teva Pharmaceutical-SP ADR | Reduce -3.1% | 0.39% | −0.16 |
| PLTR Palantir Technologies Inc. Class A | Reduce -29.3% | 0.75% | −0.16 |
| SMLR Semler Scientific Inc. | Reduce -1.1% | 0.35% | −0.16 |
| LFMD Lifemd Inc. | Sold out | 0.00% | −0.15 |
| UBT Proshares Ultra 20+ Year TSY | Sold out | 0.00% | −0.15 |
| CPRT Copart Inc. | Reduce -11.5% | 1.29% | −0.12 |
| COIN Coinbase Global Inc. Class A | Reduce -6.4% | 0.21% | −0.10 |
| NOG Northern Oil and Gas Inc. | Sold out | 0.00% | −0.10 |
| TQQQ Proshares Ultrapro QQQ | Reduce -35.8% | 0.09% | −0.09 |
| AMR Alpha Metallurgical Resource | Reduce -1.4% | 0.16% | −0.09 |
| TNA Dir Dai SML Ca Bul 3X Et-Usd | Sold out | 0.00% | −0.09 |
| MSFT Microsoft Corp. | Reduce -0.5% | 0.99% | −0.08 |
| REAL BROKERAGE INC/THE | Sold out | 0.00% | −0.08 |
| F Ford Motor Co. | Sold out | 0.00% | −0.07 |
| SWI Solarwinds Corp. | Sold out | 0.00% | −0.07 |
| SSO Proshares Ultra S&P500 | Reduce -31.6% | 0.12% | −0.07 |
| GFS Globalfoundries Inc. | Reduce -1.7% | 0.39% | −0.05 |
| RIOT Riot Platforms Inc. | Reduce -1.3% | 0.12% | −0.05 |
| VAL Valaris Ltd. | Reduce -1.2% | 0.43% | −0.04 |
| BTE Baytex Energy Corp. | Reduce -0.3% | 0.28% | −0.03 |
| ZTAX X-Square Municipal Inc. ETF | Reduce -0.2% | 0.87% | −0.03 |
| LLY Eli Lilly & Co. | Reduce -24.3% | 0.11% | −0.02 |
| UUUU Energy Fuels Inc. | Reduce -3.3% | 0.05% | −0.02 |
| OBE Obsidian Energy Ltd. | Reduce -31.8% | 0.04% | −0.02 |
| JRNGF Journey Energy Inc. | Reduce -52.0% | 0.01% | −0.01 |
| PHM Pultegroup Inc. | Reduce -0.4% | 0.47% | −0.01 |
| Z Zillow Group Inc. Class C | Reduce -0.9% | 0.14% | −0.01 |
| FANG Diamondback Energy Inc. | Reduce -4.2% | 0.21% | −0.00 |
| CROX Crocs Inc. | Reduce -2.5% | 0.16% | −0.00 |
| OIH Vaneck Oil Services ETF | Reduce -0.2% | 0.18% | +0.00 |
| QCOM Qualcomm Inc. | Reduce -1.7% | 0.11% | +0.00 |
| PSX Phillips 66 | Reduce -0.1% | 0.10% | +0.01 |
| EWZ iShares MSCI Brazil ETF | Reduce -7.9% | 0.16% | +0.02 |
Portfolio Buys Q4 2024 → Q1 2025
| HIMS Hims & Hers Health Inc. | Add +98.7% | 1.95% | +1.18 |
| FBP First Bancorp Puerto Rico | Add +19.8% | 2.46% | +0.56 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +2.5% | 2.50% | +0.51 |
| AMGN Amgen Inc. | Add +3.2% | 1.93% | +0.43 |
| OFG Ofg Bancorp | Add +16.8% | 2.88% | +0.39 |
| QXO Qxo Inc. | New | 0.35% | +0.35 |
| ABBV Abbvie Inc. | Add +4.6% | 1.40% | +0.31 |
| UBER Uber Technologies Inc. | New | 0.31% | +0.31 |
| PM Philip Morris International | Add +5.6% | 0.93% | +0.29 |
| OPK Opko Health Inc. | Add +184.7% | 0.33% | +0.23 |
| COST Costco Wholesale Corp. | Add +2.8% | 2.24% | +0.22 |
| MSTR Strategy Inc. | Add +9.2% | 1.84% | +0.22 |
| TDG Transdigm Group Inc. | Add +4.7% | 1.30% | +0.21 |
| ORLY O'reilly Automotive Inc. | Add +0.7% | 0.96% | +0.21 |
| JPM JPMorgan Chase & Co. | Add +2.3% | 2.34% | +0.20 |
| TMF Dir DLY 20+YR TR BL3X ETF-Ui | New | 0.20% | +0.20 |
| BMA Banco Macro SA-ADR | New | 0.19% | +0.19 |
| SU Suncor Energy Inc. | Add +1.9% | 1.40% | +0.19 |
| KO The Coca-Cola Co. | Add +1.5% | 0.97% | +0.18 |
| TPL Texas Pacific Land Corp. | Add +0.1% | 0.84% | +0.17 |
| DPZ Domino's Pizza Inc. | Add +5.4% | 0.94% | +0.16 |
| DG Dollar General Corp. | Add +7.8% | 0.62% | +0.15 |
| TJX TJX Companies Inc. | Add +3.2% | 1.73% | +0.14 |
| VALE Vale SA-SP ADR | Add +6.2% | 0.69% | +0.14 |
| GD General Dynamics Corp. | Add +2.6% | 1.34% | +0.13 |
| MU Micron Technology Inc. | Add +1.7% | 1.43% | +0.13 |
| MO Altria Group Inc. | Add +9.9% | 0.53% | +0.13 |
| XLE SS Energy Select Sector | Add +1.4% | 0.89% | +0.12 |
| JNJ Johnson & Johnson | Add +9.9% | 0.46% | +0.11 |
| VLO Valero Energy Corp. | Add +0.6% | 0.89% | +0.11 |
| RTX RTX Corp. | Add +2.5% | 0.56% | +0.10 |
| CB Chubb Ltd. | Add +10.4% | 0.49% | +0.10 |
| NOC Northrop Grumman Corp. | Add +0.4% | 0.77% | +0.10 |
| FAST Fastenal Co. | Add +8.3% | 0.53% | +0.10 |
| META Meta Platforms Inc. Class A | Add +0.7% | 2.62% | +0.09 |
| PRI Primerica Inc. | New | 0.09% | +0.09 |
| GRMN Garmin Ltd. | Add +8.0% | 0.56% | +0.09 |
| QQQ Invesco QQQ Trust Series 1 | Add +26.2% | 0.50% | +0.09 |
| SOXL Direx Dail Semi Bu 3X Et-Usd | Add +109.6% | 0.39% | +0.09 |
| EXE Expand Energy Corp. | Add +12.4% | 0.35% | +0.08 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +2.0% | 3.75% | +0.07 |
| WMT Walmart Inc. | Add +3.5% | 1.34% | +0.07 |
| MA Mastercard Inc. Class A | Add +13.5% | 0.35% | +0.07 |
| ICE Intercontinental Exchange Inc. | Add +35.4% | 0.17% | +0.06 |
| SMCI Super Micro Computer Inc. | Add +0.4% | 0.41% | +0.06 |
| TSCO Tractor Supply Company | Add +10.9% | 0.37% | +0.06 |
| EOG EOG Resources Inc. | Add +19.8% | 0.24% | +0.06 |
| FTNT Fortinet Inc. | Add +13.9% | 0.32% | +0.06 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +12.7% | 0.32% | +0.05 |
| ALLY Ally Financial Inc. | Add +11.1% | 0.34% | +0.05 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 176 | $394.1M | ASTS, AMD, MU, SPY, IREN |
| Q1 2026 | 164 | $296.7M | SPY, IREN, AMD, HIMS, META |
| Q4 2025 | 161 | $305.2M | HIMS, ASTS, SPY, AMD, IREN |
| Q3 2025 | 162 | $320.2M | HIMS, LMND, ASTS, SPY, AMD |
| Q2 2025 | 160 | $278.1M | HIMS, SPY, MSTR, IBIT, META |
| Q1 2025 | 154 | $232.6M | IBIT, SPY, OFG, META, BRK.B |
| Q4 2024 | 163 | $243.3M | IBIT, SPY, META, OFG, JPM |
| Q3 2024 | 161 | $295.9M | BRK.A, IBIT, SPY, FBP, OFG |
| Q2 2024 | 157 | $276.3M | BRK.A, IBIT, FBP, OFG, SPY |
| Q1 2024 | 153 | $211.0M | IBIT, SPY, BPOP, AMD, META |