X-Square Capital, LLC

Name: X-Square Capital, LLC 13F holdings, Q1 2025
Creator: X-Square Capital, LLC
Published: 2025-05-09

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q4 2024Q3 2024Q2 2024Q1 2024

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
EME Emcor Group Inc.	0.22%	1,385	$512K	No change
CMI Cummins Inc.	0.22%	1,600	$502K	No change
FCX Freeport-McMoran Inc.	0.21%	13,106	$496K	Add +24.8%
COIN Coinbase Global Inc. Class A	0.21%	2,872	$495K	Reduce -6.4%
RIO Rio Tinto PLC-Spon ADR	0.21%	8,230	$494K	Add +3.6%
TGLS Tecnoglass Holdings Inc.	0.21%	6,824	$488K	Add +23.1%
FANG Diamondback Energy Inc.	0.21%	3,008	$481K	Reduce -4.2%
MS Morgan Stanley	0.20%	4,064	$474K	Add +0.0%
TMF Dir DLY 20+YR TR BL3X ETF-Ui	0.20%	10,500	$462K	New
TMUS T-Mobile US Inc.	0.20%	1,724	$460K	Add +0.9%
BMA Banco Macro SA-ADR	0.19%	6,000	$453K	New
BORR Borr Drilling Ltd.	0.19%	203,563	$446K	Add +11.0%
FRO Frontline PLC	0.18%	27,893	$414K	Reduce -68.6%
OIH Vaneck Oil Services ETF	0.18%	1,569	$411K	Reduce -0.2%
BTI British American Tob-SP ADR	0.18%	9,869	$408K	Add +0.1%
MRK Merck & Co. Inc.	0.17%	4,502	$404K	Add +0.0%
HE Hawaiian Electric Inds	0.17%	36,313	$398K	No change
SKYH SKY Harbour Group Corp.	0.17%	30,000	$390K	No change
ICE Intercontinental Exchange Inc.	0.17%	2,249	$388K	Add +35.4%
CROX Crocs Inc.	0.16%	3,592	$381K	Reduce -2.5%
EWZ iShares MSCI Brazil ETF	0.16%	14,714	$380K	Reduce -7.9%
MKTX Marketaxess Holdings Inc.	0.16%	1,741	$377K	Add +36.0%
AMR Alpha Metallurgical Resource	0.16%	2,962	$371K	Reduce -1.4%
BABA Alibaba Group Holding-SP ADR	0.16%	2,761	$365K	Reduce -4.2%
TSM Taiwan Semiconductor-SP ADR	0.15%	2,121	$352K	No change
AKAM Akamai Technologies Inc.	0.15%	4,290	$345K	Add +30.5%
ERX Direxion Daily Enrgy BL2X-Ui	0.15%	5,280	$345K	Reduce -1.9%
MCD McDonald's Corp.	0.15%	1,089	$340K	No change
BITX 2X Bitcoin ETF	0.15%	9,558	$339K	Reduce -38.2%
BAK Braskem SA Class A- ADR	0.14%	85,000	$327K	No change
Z Zillow Group Inc. Class C	0.14%	4,746	$325K	Reduce -0.9%
C Citigroup Inc.	0.13%	4,308	$306K	Add +0.0%
RIOT Riot Platforms Inc.	0.12%	40,527	$289K	Reduce -1.3%
SSO Proshares Ultra S&P500	0.12%	3,415	$283K	Reduce -31.6%
WFC Wells Fargo & Co.	0.12%	3,866	$278K	Add +0.2%
RIG Transocean Ltd.	0.11%	83,860	$266K	No change
QCOM Qualcomm Inc.	0.11%	1,710	$263K	Reduce -1.7%
LLY Eli Lilly & Co.	0.11%	311	$257K	Reduce -24.3%
TDW Tidewater Inc.	0.11%	6,000	$254K	No change
RXO Rxo Inc.	0.11%	13,004	$248K	Add +45.8%
PSX Phillips 66	0.10%	1,945	$240K	Reduce -0.1%
BX Blackstone Inc.	0.10%	1,670	$233K	Add +0.7%
PRI Primerica Inc.	0.09%	735	$209K	New
TQQQ Proshares Ultrapro QQQ	0.09%	3,530	$202K	Reduce -35.8%
GOLDEN OCEAN GROUP LTD	0.09%	25,000	$200K	No change
COTY Coty Inc. Class A	0.08%	31,909	$175K	No change
BHC Bausch Health Cos Inc.	0.05%	19,102	$124K	No change
PAGAYA TECHNOLOGIES LTD	0.05%	11,879	$124K	No change
UUUU Energy Fuels Inc.	0.05%	30,961	$115K	Reduce -3.3%
OBE Obsidian Energy Ltd.	0.04%	17,653	$103K	Reduce -31.8%
SAN Banco Santander SA-Spon ADR	0.04%	14,493	$97K	No change
METC Ramaco Resources Inc. Class A	0.04%	10,000	$82K	No change
JRNGF Journey Energy Inc.	0.01%	16,095	$20K	Reduce -52.0%
ADAPY Adaptimmune Therapeutics-ADR	0.00%	11,173	$2K	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