X-Square Capital, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 5, 2025), X-Square Capital, LLC reported 160 stock positions worth $278.1 million. Its top holding was Hims & Hers Health (HIMS) at 4.2% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 3.7%) and Strategy (MSTR, 3.7%). Compared with Q1 2025, it opened 19 new positions, sold out of 13, added to 71 and reduced 48. The biggest buy was Hims & Hers Health (HIMS, shares +53%) and the biggest sale iShares Bitcoin Trust ETF (IBIT, shares −48%).
- Most Recent 13F
- Q2 2026
- Location
- GUAYNABO, PR
- CIK
- 0001729300
- Portfolio Value
- $278.1M (Q2 2025)
- SEC Filing
- 0001729300-25-000003 ↗ filed Aug 5, 2025
Holdings Value
Holdings 160 stocks · $278.1M
| HIMS Hims & Hers Health Inc. | 4.22% | 235,290 | $11.7M | Add +53.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 3.69% | 16,622 | $10.3M | Add +6.5% |
| MSTR Strategy Inc. filed as MICROSTRATEGY INC | 3.67% | 25,257 | $10.2M | Add +70.0% |
| IBIT iShares Bitcoin Trust ETF | 2.85% | 129,466 | $7.9M | Reduce -48.3% |
| META Meta Platforms Inc. Class A | 2.78% | 10,491 | $7.7M | Reduce -0.7% |
| OFG Ofg Bancorp | 2.56% | 166,404 | $7.1M | Reduce -0.4% |
| JPM JPMorgan Chase & Co. | 2.30% | 22,100 | $6.4M | Reduce -0.5% |
| IREN Iren Ltd. filed as IREN LIMITED | 2.28% | 435,951 | $6.4M | Add +129.9% |
| FBP First Bancorp Puerto Rico | 2.23% | 297,284 | $6.2M | Reduce -0.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.91% | 10,915 | $5.3M | Reduce -0.1% |
| MELI MercadoLibre Inc. | 1.75% | 1,864 | $4.9M | Reduce -0.5% |
| MU Micron Technology Inc. | 1.70% | 38,240 | $4.7M | Reduce -0.1% |
| NVDA Nvidia Corp. | 1.66% | 29,253 | $4.6M | Reduce -1.2% |
| AMZN Amazon.com Inc. | 1.66% | 21,034 | $4.6M | Add +0.6% |
| AMD Advanced Micro Devices | 1.63% | 31,848 | $4.5M | Reduce -22.4% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.46% | 32,878 | $4.1M | Reduce -0.5% |
| AMGN Amgen Inc. | 1.45% | 14,464 | $4.0M | Add +0.5% |
| URI United Rentals Inc. | 1.40% | 5,151 | $3.9M | Add +0.7% |
| WMT Walmart Inc. | 1.26% | 35,703 | $3.5M | Add +0.5% |
| TDG Transdigm Group Inc. | 1.21% | 2,215 | $3.4M | Add +1.6% |
| PM Philip Morris International | 1.21% | 18,461 | $3.4M | Add +36.1% |
| GD General Dynamics Corp. | 1.20% | 11,395 | $3.3M | Reduce -0.1% |
| APP AppLovin Corp. Class A | 1.18% | 9,364 | $3.3M | Add +120.4% |
| PYPL PayPal Holdings Inc. | 1.14% | 42,584 | $3.2M | Add +1.3% |
| SU Suncor Energy Inc. | 1.14% | 84,442 | $3.2M | Add +0.1% |
| LMND Lemonade Inc. | 1.11% | 70,571 | $3.1M | New |
| MSFT Microsoft Corp. | 1.09% | 6,118 | $3.0M | Reduce -0.1% |
| XPO Xpo Inc. | 1.08% | 23,738 | $3.0M | Add +1.1% |
| QXO Qxo Inc. | 1.06% | 137,241 | $3.0M | Add +128.7% |
| ABBV Abbvie Inc. | 1.05% | 15,674 | $2.9M | Add +0.9% |
| GNRC Generac Holdings Inc. | 1.04% | 20,279 | $2.9M | Add +34.5% |
| LULU Lululemon Athletica Inc. | 1.04% | 12,171 | $2.9M | Add +147.2% |
| TSLA Tesla Inc. | 1.04% | 9,096 | $2.9M | Reduce -12.7% |
| CMG Chipotle Mexican Grill Inc. | 1.00% | 49,597 | $2.8M | Add +0.6% |
| CPRT Copart Inc. | 0.94% | 53,121 | $2.6M | Add +0.4% |
| COST Costco Wholesale Corp. | 0.91% | 2,542 | $2.5M | Reduce -53.8% |
| BKNG Booking Holdings Inc. | 0.88% | 420 | $2.4M | Add +1.4% |
| AAPL Apple Inc. | 0.87% | 11,771 | $2.4M | Add +1.9% |
| KO The Coca-Cola Co. | 0.79% | 31,240 | $2.2M | Reduce -1.0% |
| DPZ Domino's Pizza Inc. | 0.79% | 4,884 | $2.2M | Add +2.6% |
| ORLY O'reilly Automotive Inc. | 0.75% | 23,279 | $2.1M | Reduce -0.6% |
| BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC | 0.75% | 19,302 | $2.1M | Add +179.7% |
| VLO Valero Energy Corp. | 0.75% | 15,452 | $2.1M | Reduce -1.8% |
| GOOG Alphabet Inc. Class C | 0.75% | 11,686 | $2.1M | Reduce -0.5% |
| ZTAX X-Square Municipal Inc. ETF | 0.73% | 80,171 | $2.0M | Add +0.1% |
| URNM Sprott Uranium Miners ETF | 0.71% | 41,043 | $2.0M | No change |
| EXPE Expedia Group Inc. | 0.70% | 11,514 | $1.9M | Reduce -1.1% |
| ASTS Ast Spacemobile Inc. | 0.69% | 41,000 | $1.9M | New |
| DG Dollar General Corp. | 0.68% | 16,611 | $1.9M | Add +1.2% |
| GLD SPDR Gold Shares | 0.68% | 6,182 | $1.9M | New |
| LEN Lennar Corp. Class A | 0.68% | 16,991 | $1.9M | Add +1.1% |
| XLE SS Energy Select Sector | 0.67% | 21,968 | $1.9M | Reduce -0.6% |
| PPLT Abrdn Physical Platinum SHRS | 0.66% | 14,825 | $1.8M | New |
| KMB Kimberly-Clark Corp. | 0.65% | 13,966 | $1.8M | Reduce -0.6% |
| NOC Northrop Grumman Corp. | 0.62% | 3,465 | $1.7M | Reduce -0.7% |
| RH RH | 0.61% | 8,999 | $1.7M | Add +12.2% |
| QQQ Invesco QQQ Trust Series 1 | 0.60% | 3,009 | $1.7M | Add +21.3% |
| PEP Pepsico Inc. | 0.59% | 12,375 | $1.6M | New |
| BPOP Popular Inc. | 0.59% | 14,826 | $1.6M | Reduce -1.8% |
| MO Altria Group Inc. | 0.58% | 27,277 | $1.6M | Add +33.4% |
| VALE Vale SA-SP ADR | 0.57% | 164,085 | $1.6M | Add +1.7% |
| TPL Texas Pacific Land Corp. | 0.55% | 1,452 | $1.5M | Reduce -1.9% |
| OXY Occidental Petroleum Corp. | 0.52% | 34,511 | $1.4M | Add +0.3% |
| RTX RTX Corp. | 0.50% | 9,545 | $1.4M | Reduce -2.8% |
| SMCI Super Micro Computer Inc. | 0.50% | 28,133 | $1.4M | Add +0.1% |
| FAST Fastenal Co. | 0.49% | 32,113 | $1.3M | Add +0.9% |
| HD Home Depot Inc. | 0.47% | 3,568 | $1.3M | Add +1.4% |
| GRMN Garmin Ltd. | 0.46% | 6,123 | $1.3M | Add +2.6% |
| FRO Frontline PLC | 0.46% | 77,606 | $1.3M | Add +178.2% |
| BAH Booz Allen Hamilton Holdings | 0.44% | 11,838 | $1.2M | Add +2.0% |
| SHOP Shopify Inc. Class A | 0.43% | 10,253 | $1.2M | Add +1.7% |
| LMT Lockheed Martin Corp. | 0.41% | 2,434 | $1.1M | Add +1.3% |
| PHM Pultegroup Inc. | 0.40% | 10,646 | $1.1M | Reduce -1.0% |
| VAL Valaris Ltd. | 0.39% | 25,657 | $1.1M | Reduce -0.4% |
| NFE New Fortress Energy Inc. | 0.38% | 320,387 | $1.1M | Add +67.3% |
| CB Chubb Ltd. | 0.38% | 3,667 | $1.1M | Reduce -2.1% |
| COIN Coinbase Global Inc. Class A | 0.38% | 3,014 | $1.1M | Add +4.9% |
| JNJ Johnson & Johnson | 0.36% | 6,541 | $999K | Add +1.9% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.36% | 2,262 | $992K | Add +3.7% |
| ORCL Oracle Corp. | 0.35% | 4,507 | $985K | Add +5.5% |
| ASML ASML Holding NV-NY Reg SHS | 0.35% | 1,225 | $982K | Add +0.7% |
| TEVA Teva Pharmaceutical-SP ADR | 0.35% | 57,864 | $970K | Reduce -2.4% |
| GFS Globalfoundries Inc. | 0.33% | 24,301 | $928K | Reduce -0.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.32% | 18,979 | $898K | Reduce -0.8% |
| EXE Expand Energy Corp. | 0.32% | 7,566 | $885K | Add +2.6% |
| SMLR Semler Scientific Inc. | 0.32% | 22,774 | $882K | No change |
| ZIM Zim Integrated Shipping Serv | 0.31% | 54,100 | $870K | New |
| ALLY Ally Financial Inc. | 0.31% | 22,222 | $866K | Add +3.8% |
| DUOL Duolingo | 0.31% | 2,110 | $865K | New |
| MA Mastercard Inc. Class A | 0.31% | 1,530 | $860K | Add +3.9% |
| FIX Comfort Systems USA Inc. | 0.31% | 1,600 | $858K | No change |
| FTNT Fortinet Inc. | 0.31% | 8,072 | $853K | Add +4.1% |
| TSCO Tractor Supply Company | 0.31% | 16,106 | $850K | Add +3.6% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.29% | 4,531 | $801K | Add +4.0% |
| HCC Warrior Met Coal Inc. | 0.28% | 17,150 | $786K | No change |
| TMUS T-Mobile US Inc. | 0.27% | 3,152 | $751K | Add +82.8% |
| EME Emcor Group Inc. | 0.27% | 1,385 | $741K | No change |
| BRK.A Berkshire Hathaway Inc. Class A | 0.26% | 1 | $729K | No change |
| UCO Proshares Ultra Bloomberg CR | 0.24% | 30,000 | $672K | New |
| PG The Procter & Gamble Co. | 0.24% | 4,214 | $671K | Reduce -0.4% |
Portfolio Sells Q1 2025 → Q2 2025
| IBIT iShares Bitcoin Trust ETF | Reduce -48.3% | 2.85% | −2.19 |
| COST Costco Wholesale Corp. | Reduce -53.8% | 0.91% | −1.33 |
| SKX Skechers USA Inc. Class A | Sold out | 0.00% | −1.20 |
| PLTR Palantir Technologies Inc. Class A | Sold out | 0.00% | −0.75 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.1% | 1.91% | −0.59 |
| SOXL Direx Dail Semi Bu 3X Et-Usd | Sold out | 0.00% | −0.39 |
| OPK Opko Health Inc. | Reduce -95.4% | 0.01% | −0.32 |
| OFG Ofg Bancorp | Reduce -0.4% | 2.56% | −0.31 |
| UBER Uber Technologies Inc. | Sold out | 0.00% | −0.31 |
| TPL Texas Pacific Land Corp. | Reduce -1.9% | 0.55% | −0.29 |
| RACE Ferrari NV | Sold out | 0.00% | −0.28 |
| TJX TJX Companies Inc. | Reduce -0.5% | 1.46% | −0.27 |
| MARA Mara Holdings Inc. | Sold out | 0.00% | −0.24 |
| FBP First Bancorp Puerto Rico | Reduce -0.5% | 2.23% | −0.24 |
| XLE SS Energy Select Sector | Reduce -0.6% | 0.67% | −0.22 |
| KMB Kimberly-Clark Corp. | Reduce -0.6% | 0.65% | −0.21 |
| ORLY O'reilly Automotive Inc. | Reduce -0.6% | 0.75% | −0.21 |
| TMF Dir DLY 20+YR TR BL3X ETF-Ui | Sold out | 0.00% | −0.20 |
| AMD Advanced Micro Devices | Reduce -22.4% | 1.63% | −0.19 |
| KO The Coca-Cola Co. | Reduce -1.0% | 0.79% | −0.18 |
| HE Hawaiian Electric Inds | Sold out | 0.00% | −0.17 |
| VLO Valero Energy Corp. | Reduce -1.8% | 0.75% | −0.15 |
| NOC Northrop Grumman Corp. | Reduce -0.7% | 0.62% | −0.14 |
| EXPE Expedia Group Inc. | Reduce -1.1% | 0.70% | −0.14 |
| GD General Dynamics Corp. | Reduce -0.1% | 1.20% | −0.14 |
| RIOT Riot Platforms Inc. | Sold out | 0.00% | −0.12 |
| TSLA Tesla Inc. | Reduce -12.7% | 1.04% | −0.12 |
| SSO Proshares Ultra S&P500 | Sold out | 0.00% | −0.12 |
| RIG Transocean Ltd. | Sold out | 0.00% | −0.11 |
| CB Chubb Ltd. | Reduce -2.1% | 0.38% | −0.10 |
| TQQQ Proshares Ultrapro QQQ | Sold out | 0.00% | −0.09 |
| GOLDEN OCEAN GROUP LTD | Sold out | 0.00% | −0.09 |
| PHM Pultegroup Inc. | Reduce -1.0% | 0.40% | −0.07 |
| PG The Procter & Gamble Co. | Reduce -0.4% | 0.24% | −0.07 |
| BORR Borr Drilling Ltd. | Reduce -2.0% | 0.13% | −0.06 |
| FANG Diamondback Energy Inc. | Reduce -0.5% | 0.15% | −0.06 |
| RTX RTX Corp. | Reduce -2.8% | 0.50% | −0.06 |
| BMA Banco Macro SA-ADR | Reduce -9.3% | 0.14% | −0.06 |
| GFS Globalfoundries Inc. | Reduce -0.4% | 0.33% | −0.05 |
| BABA Alibaba Group Holding-SP ADR | Reduce -3.5% | 0.11% | −0.05 |
| VAL Valaris Ltd. | Reduce -0.4% | 0.39% | −0.05 |
| GOOG Alphabet Inc. Class C | Reduce -0.5% | 0.75% | −0.04 |
| TEVA Teva Pharmaceutical-SP ADR | Reduce -2.4% | 0.35% | −0.04 |
| AMR Alpha Metallurgical Resource | Reduce -1.4% | 0.12% | −0.04 |
| MCD McDonald's Corp. | Reduce -7.7% | 0.11% | −0.04 |
| JPM JPMorgan Chase & Co. | Reduce -0.5% | 2.30% | −0.04 |
| COTY Coty Inc. Class A | Reduce -2.4% | 0.05% | −0.02 |
| PSX Phillips 66 | Reduce -2.1% | 0.08% | −0.02 |
| Z Zillow Group Inc. Class C | Reduce -0.0% | 0.12% | −0.02 |
| BAC Bank of America Corp. | Reduce -0.8% | 0.32% | −0.02 |
Portfolio Buys Q1 2025 → Q2 2025
| HIMS Hims & Hers Health Inc. | Add +53.3% | 4.22% | +2.27 |
| MSTR Strategy Inc. | Add +70.0% | 3.67% | +1.83 |
| IREN Iren Ltd. | Add +129.9% | 2.28% | +1.79 |
| LMND Lemonade Inc. | New | 1.11% | +1.11 |
| QXO Qxo Inc. | Add +128.7% | 1.06% | +0.71 |
| APP AppLovin Corp. Class A | Add +120.4% | 1.18% | +0.69 |
| ASTS Ast Spacemobile Inc. | New | 0.69% | +0.69 |
| GLD SPDR Gold Shares | New | 0.68% | +0.68 |
| PPLT Abrdn Physical Platinum SHRS | New | 0.66% | +0.66 |
| PEP Pepsico Inc. | New | 0.59% | +0.59 |
| LULU Lululemon Athletica Inc. | Add +147.2% | 1.04% | +0.44 |
| BJ Bj's Wholesale Club Holdings | Add +179.7% | 0.75% | +0.41 |
| ZIM Zim Integrated Shipping Serv | New | 0.31% | +0.31 |
| DUOL Duolingo | New | 0.31% | +0.31 |
| PM Philip Morris International | Add +36.1% | 1.21% | +0.28 |
| FRO Frontline PLC | Add +178.2% | 0.46% | +0.28 |
| UCO Proshares Ultra Bloomberg CR | New | 0.24% | +0.24 |
| GNRC Generac Holdings Inc. | Add +34.5% | 1.04% | +0.22 |
| NUVB Nuvation Bio Inc. | New | 0.22% | +0.22 |
| PROSHARES ULTRA BLOOMBERG NA | New | 0.20% | +0.20 |
| VIST Vista Energy Sab DE CV | New | 0.17% | +0.17 |
| COIN Coinbase Global Inc. Class A | Add +4.9% | 0.38% | +0.17 |
| SOXX iShares Semiconductor ETF | New | 0.15% | +0.15 |
| KHC The Kraft Heinz Co. | New | 0.14% | +0.14 |
| VOYG Voyager Technologies Inc. Class A | New | 0.14% | +0.14 |
| SBSW Sibanye-Stillwater Ltd.-ADR | New | 0.11% | +0.11 |
| PBR Petroleo Brasileiro-Spon ADR | New | 0.10% | +0.10 |
| ORCL Oracle Corp. | Add +5.5% | 0.35% | +0.10 |
| QQQ Invesco QQQ Trust Series 1 | Add +21.3% | 0.60% | +0.10 |
| TLT iShares 20+ Year Treasury BD | New | 0.10% | +0.10 |
| SMCI Super Micro Computer Inc. | Add +0.1% | 0.50% | +0.08 |
| SIVR Abrdn Physical Silver Shares | New | 0.08% | +0.08 |
| TMUS T-Mobile US Inc. | Add +82.8% | 0.27% | +0.07 |
| BITX 2X Bitcoin ETF | Add +16.9% | 0.22% | +0.07 |
| DG Dollar General Corp. | Add +1.2% | 0.68% | +0.06 |
| BKNG Booking Holdings Inc. | Add +1.4% | 0.88% | +0.05 |
| SKYH SKY Harbour Group Corp. | Add +109.3% | 0.22% | +0.05 |
| MO Altria Group Inc. | Add +33.4% | 0.58% | +0.05 |
| URI United Rentals Inc. | Add +0.7% | 1.40% | +0.02 |
| SHOP Shopify Inc. Class A | Add +1.7% | 0.43% | +0.01 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +3.7% | 0.36% | +0.01 |
| ASML ASML Holding NV-NY Reg SHS | Add +0.7% | 0.35% | +0.01 |
| FCX Freeport-McMoran Inc. | Add +7.2% | 0.22% | +0.01 |
| MS Morgan Stanley | Add +0.0% | 0.21% | +0.00 |
| TNYA Tenaya Therapeutics Inc. | New | 0.00% | +0.00 |
| C Citigroup Inc. | Add +0.1% | 0.13% | +0.00 |
| ICE Intercontinental Exchange Inc. | Add +8.2% | 0.16% | −0.01 |
| TGLS Tecnoglass Holdings Inc. | Add +6.4% | 0.20% | −0.01 |
| XPO Xpo Inc. | Add +1.1% | 1.08% | −0.01 |
| BX Blackstone Inc. | Add +0.5% | 0.09% | −0.01 |
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 |