SEC 13F Intelligence

Managers / Q4 2019 · view latest →

X-Square Capital, LLC

CIK 0001729300 · STE. 802, 90 CARR 165, GUAYNABO, PR, 00968 · 787-282-1621

Reported Value
$170M
Q4 2019
Positions
90
Filings on Record
30
2019–present window
Filed
Feb 12, 2020
original filing

Summary

X-Square Capital, LLC reported $170M in U.S.-listed holdings across 90 positions for Q4 2019.

Its largest position, OFG, represents 16.2% of the portfolio.

Compared with Q3 2019, the fund opened 8 new positions and exited 4.

Portfolio Metrics

Turnover
+8.3%
vs prior filed quarter
Top-10 Concentration
+60.1%
share of reported value
Largest Position
+16.2%
Ofg Bancorp
New / Exited
8 / 4
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $127MQ4 ’18Q1 ’19: $146MQ2 ’19: $157MQ3 ’19: $159MQ4 ’19: $170MQ4 ’19Q1 ’20: $100MQ2 ’20: $141MQ3 ’20: $139MQ4 ’20: $185MQ4 ’20Q1 ’21: $216MQ2 ’21: $211MQ3 ’21: $193MQ4 ’21: $199MQ4 ’21Q1 ’22: $192MQ2 ’22: $166MQ3 ’22: $157MQ1 ’23: $169,549Q1 ’23Q2 ’23: $148,812Q3 ’23: $148,812Q4 ’23: $181,243Q1 ’24: $211,041Q1 ’24Q2 ’24: $215,669Q3 ’24: $227,597Q4 ’24: $243,269Q1 ’25: $232,620Q1 ’25Q2 ’25: $278,060Q3 ’25: $320,154Q4 ’25: $305,153Q1 ’26: $296,726Q1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 73.8%Other: 17.7%ADR: 6.5%ETP: 1.7%Closed-End Fund: 0.3%
  • Common Stock · 73.8% · $125M
  • Other · 17.7% · $30M
  • ADR · 6.5% · $11M
  • ETP · 1.7% · $3M
  • Closed-End Fund · 0.3% · $445,000

Quarter-over-Quarter Changes full breakdown →

vs Q3 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CNSTCONSTELLATION PHARMCETICLS INEW+43.6K43.6K+$2M$2M
LN5LANNET INCNEW+180.0K180.0K+$2M$2M
ZAGGEURZAGG INCNEW+72.6K72.6K+$589,000$589,000
GSBUSDGLOBALSCAPE INCNEW+56.2K56.2K+$553,000$553,000
EOGEOG RES INCNEW+6.0K6.0K+$503,000$503,000
NAVINAVIENT CORPORATIONNEW+36.8K36.8K+$503,000$503,000
COTYCOTY INCNEW+39.3K39.3K+$442,000$442,000
DYHTARGET CORPNEW+1.6K1.6K+$201,000$201,000

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2019

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1OFGOFG BANCORPhistory →COM16.16%$27M1.16M
2ASSURED GUARANTY LTDCOM15.04%$26M521.2K
3FBPFIRST BANCORP PUERTO RICOhistory →COM NEW9.49%$16M1.52M
4METAFACEBOOK INC-Ahistory →CL A3.43%$6M28.4K
5BABAALIBABA GROUP HLDG LTDhistory →SPONSORED ADS3.15%$5M25.2K
6VIPSVIPSHOP HLDGS LTDhistory →SPONSORED ADR2.84%$5M340.8K
7BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW2.55%$4M19.1K
8AAPLAPPLE INChistory →COM2.54%$4M14.7K
9TAT&T INChistory →COM2.48%$4M107.8K
10MBIMBIA INChistory →COM2.43%$4M443.5K
11BPOPPOPULAR INChistory →COM NEW2.34%$4M67.7K
12SKAASKECHERS U S A INChistory →CL A2.08%$4M81.7K
13CALAVO GROWERS INCCOM1.96%$3M36.7K
14AMZNAMAZON COM INChistory →COM1.94%$3M1.8K
154I1PHILIP MORRIS INTL INChistory →COM1.62%$3M32.4K
16SIENUSDSIENTRA INChistory →COM1.48%$3M282.0K
17PYPLPAYPAL HLDGS INChistory →COM1.44%$2M22.7K
18GDGENERAL DYNAMICS CORPhistory →COM1.36%$2M13.1K
19MUMICRON TECHNOLOGY INChistory →COM1.34%$2M42.3K
20MOALTRIA GROUP INChistory →COM1.31%$2M44.6K
21CNSTCONSTELLATION PHARMCETICLS Ihistory →COM1.21%$2M43.6K
22RTN1USDRAYTHEON COhistory →COM NEW1.03%$2M7.9K
23LN5LANNET INCCOM0.93%$2M180.0K
24COSTCOSTCO WHSL CORP NEWCOM0.93%$2M5.4K
25UALUNITED AIRLINES HLDGS INCCOM0.93%$2M17.8K
26LMTLOCKHEED MARTIN CORPCOM0.88%$1M3.8K
27AMDADVANCED MICRO DEVICES INCCOM0.88%$1M32.7K
28VLOVALERO ENERGY CORP NEWCOM0.77%$1M13.9K
29OSGAMBAC FINL GROUP INCCOM NEW0.74%$1M58.1K
30BXUSDBLACKSTONE GROUP L PCOM UNIT LTD0.70%$1M21.3K
31MCDMCDONALDS CORPCOM0.57%$971,0004.9K
32ISHARES TRCORE US AGGBD ET0.57%$968,0008.6K
33CLRUSDCONTINENTAL RESOURCES INCCOM0.57%$964,00028.1K
34GMGENERAL MTRS COCOM0.54%$920,00025.1K
35TJXTJX COS INC NEWCOM0.54%$909,00014.9K
36PGPROCTER AND GAMBLE COCOM0.52%$880,0007.0K
37MSFTMICROSOFT CORPCOM0.51%$873,0005.5K
38WBWEIBO CORP-SPON ADRSPONSORED ADR0.50%$848,00018.3K
39WLLEURWHITING PETE CORP NEWCOM NEW0.49%$832,000113.4K
40JPMJPMORGAN CHASE & COCOM0.45%$758,0005.4K
41JNJJOHNSON & JOHNSONCOM0.41%$703,0004.8K
42NDQINVESCO QQQ TRUNIT SER 10.39%$659,0003.1K
43GOOGALPHABET INCCAP STK CL C0.38%$650,000486
44EXMOCEXXON MOBIL CORPCOM0.37%$622,0008.9K
45ZAGGEURZAGG INCCOM0.35%$589,00072.6K
46GSBUSDGLOBALSCAPE INCCOM0.33%$553,00056.2K
47WFCWELLS FARGO CO NEWCOM0.32%$548,00010.2K
48EOGEOG RES INCCOM0.30%$503,0006.0K
49NAVINAVIENT CORPORATIONCOM0.30%$503,00036.8K
50XCYOPKO HEALTH INCCOM0.29%$488,000332.3K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$296,726172May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$305,153176Feb 11, 202613F-HRchanges · EDGAR ↗
Q3 2025$320,154177Nov 10, 202513F-HRchanges · EDGAR ↗
Q2 2025$278,060177Aug 5, 202513F-HRchanges · EDGAR ↗
Q1 2025$232,620170May 9, 202513F-HRchanges · EDGAR ↗
Q4 2024$243,269179Feb 12, 202513F-HRchanges · EDGAR ↗
Q3 2024$227,597177Oct 22, 202413F-HRchanges · EDGAR ↗
Q2 2024$215,669171Aug 6, 202413F-HRchanges · EDGAR ↗
Q1 2024$211,041169May 14, 202413F-HRchanges · EDGAR ↗
Q4 2023$181,243168Feb 9, 202413F-HRchanges · EDGAR ↗
Q3 2023$148,812156Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$148,812156Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$169,549171May 11, 202313F-HRchanges · EDGAR ↗
Q4 2022Under review168Feb 2, 202313F-HRchanges · EDGAR ↗
Q3 2022$157M163Nov 4, 202213F-HRchanges · EDGAR ↗
Q2 2022$166M170Aug 5, 202213F-HRchanges · EDGAR ↗
Q1 2022$192M169May 12, 202213F-HRchanges · EDGAR ↗
Q4 2021$199M167Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$193M170Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$211M151Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$216M134May 13, 202113F-HRchanges · EDGAR ↗
Q4 2020$185M129Feb 12, 202113F-HRchanges · EDGAR ↗
Q3 2020$139M119Nov 2, 202013F-HRchanges · EDGAR ↗
Q2 2020$141M113Aug 13, 202013F-HRchanges · EDGAR ↗
Q1 2020$100M90May 19, 202013F-HRchanges · EDGAR ↗
Q4 2019$170M90Feb 12, 202013F-HRchanges · EDGAR ↗
Q3 2019$159M87Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$157M107Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$146M110May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$127M116Feb 14, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.