SEC 13F Intelligence

Managers / Q1 2020 · view latest →

X-Square Capital, LLC

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

Reported Value
$100M
Q1 2020
Positions
90
Filings on Record
30
2019–present window
Filed
May 19, 2020
original filing

Summary

X-Square Capital, LLC reported $100M in U.S.-listed holdings across 90 positions for Q1 2020.

Its largest position, OFG, represents 14.1% of the portfolio.

Compared with Q4 2019, the fund opened 11 new positions and exited 12.

Portfolio Metrics

Turnover
+11.1%
vs prior filed quarter
Top-10 Concentration
+52.2%
share of reported value
Largest Position
+14.1%
Ofg Bancorp
New / Exited
11 / 12
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: 83.3%Other: 8.0%ADR: 5.6%ETP: 2.1%REIT: 0.6%Other: 0.4%
  • Common Stock · 83.3% · $84M
  • Other · 8.0% · $8M
  • ADR · 5.6% · $6M
  • ETP · 2.1% · $2M
  • REIT · 0.6% · $604,000
  • Other · 0.4% · $396,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BHCBAUSCH HEALTH COS INCNEW+134.3K134.3K+$2M$2M
TEVATEVA PHARMACEUTICAL-SP ADRNEW+207.8K207.8K+$2M$2M
ISHARES MSCI BRAZIL ETFNEW+65.0K65.0K+$2M$2M
EVTCEVERTEC INCNEW+38.9K38.9K+$883,000$883,000
ALLYALLY FINANCIAL INCNEW+51.3K51.3K+$741,000$741,000
NVDANVIDIA CORPNEW+2.5K2.5K+$659,000$659,000
ELSEQUITY LIFESTYLE PROPERTIESNEW+10.5K10.5K+$604,000$604,000
IBMINTL BUSINESS MACHINES CORPNEW+4.2K4.2K+$464,000$464,000

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

Holdings — Q1 2020

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1OFGOFG BANCORPhistory →COM14.13%$14M1.27M
2FBPFIRST BANCORP PUERTO RICOhistory →COM NEW9.25%$9M1.74M
3BPOPPOPULAR INChistory →COM NEW5.37%$5M153.8K
4METAFACEBOOK INC-Ahistory →CL A4.76%$5M28.6K
5CALAVO GROWERS INCCOM3.90%$4M67.8K
6ASSURED GUARANTY LTDCOM3.47%$3M135.0K
7MUMICRON TECHNOLOGY INChistory →COM3.45%$3M82.2K
8TAT&T INChistory →COM3.43%$3M118.2K
94I1PHILIP MORRIS INTL INChistory →COM2.38%$2M32.7K
10BHCBAUSCH HEALTH COS INChistory →COM2.07%$2M134.3K
11BABAALIBABA GROUP HLDG LTDhistory →SPONSORED ADS2.04%$2M10.5K
12SKAASKECHERS U S A INChistory →CL A2.00%$2M84.5K
13MOALTRIA GROUP INChistory →COM1.96%$2M50.7K
14LN5LANNETT CO INChistory →COM1.93%$2M278.0K
15TEVATEVA PHARMACEUTICAL-SP ADRhistory →SPONSORED ADS1.86%$2M207.8K
16UALUNITED AIRLINES HLDGS INChistory →COM1.84%$2M58.4K
17BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.80%$2M9.9K
18GDGENERAL DYNAMICS CORPhistory →COM1.76%$2M13.4K
19ISHARES MSCI BRAZIL ETFMSCI BRAZIL ETF1.53%$2M65.0K
20NAVINAVIENT CORPhistory →COM1.49%$1M197.6K
21CNSTCONSTELLATION PHARMACEUTICALhistory →COM1.47%$1M46.9K
22GOOGALPHABET INChistory →CAP STK CL C1.43%$1M1.2K
23RTN1USDRAYTHEON COhistory →COM NEW1.04%$1M8.0K
24VIPSVIPSHOP HLDGS LTDhistory →SPONSORED ADR1.04%$1M66.8K
25MBIMBIA INChistory →COM1.01%$1M142.3K
26BXUSDBLACKSTONE GROUP L PCOM UNIT LTD0.97%$970,00021.3K
27TJXTJX COS INC NEWCOM0.92%$919,00019.2K
28AAPLAPPLE INCCOM0.90%$900,0003.5K
29EVTCEVERTEC INCCOM0.88%$883,00038.9K
30COSTCOSTCO WHSL CORP NEWCOM0.84%$843,0003.0K
31GMGENERAL MTRS COCOM0.81%$816,00039.3K
32MCDMCDONALDS CORPCOM0.81%$813,0004.9K
33AMDADVANCED MICRO DEVICES INCCOM0.75%$756,00016.6K
34ALLYALLY FINANCIAL INCCOM0.74%$741,00051.3K
35PGPROCTER AND GAMBLE COCOM0.71%$715,0006.5K
36MSFTMICROSOFT CORPCOM0.70%$700,0004.4K
37JPMJPMORGAN CHASE & COCOM0.67%$677,0007.5K
38VLOVALERO ENERGY CORP NEWCOM0.67%$669,00014.7K
39LMTLOCKHEED MARTIN CORPCOM0.64%$639,0001.9K
40NDQINVESCO QQQ TRUNIT SER 10.62%$623,0003.3K
41NVDANVIDIA CORPCOM0.62%$619,0002.3K
42WBWEIBO CORP-SPON ADRSPONSORED ADR0.60%$606,00018.3K
43ELSEQUITY LIFESTYLE PROPERTIESCOM0.60%$604,00010.5K
44SIENUSDSIENTRA INCCOM0.58%$585,000294.0K
45AMZNAMAZON COM INCCOM0.52%$517,000265
46JNJJOHNSON & JOHNSONCOM0.51%$515,0003.9K
47IBMINTL BUSINESS MACHINES CORPCOM0.46%$464,0004.2K
48GSBUSDGLOBALSCAPE INCCOM0.45%$450,00063.2K
49WFCWELLS FARGO CO NEWCOM0.44%$446,00015.5K
50XCYOPKO HEALTH INCCOM0.44%$445,000332.4K

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 ↗.