SEC 13F Intelligence

Managers / Q3 2022 · view latest →

X-Square Capital, LLC

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

Reported Value
$157M
Q3 2022
Positions
163
Filings on Record
30
2019–present window
Filed
Nov 4, 2022
original filing

Summary

X-Square Capital, LLC reported $157M in U.S.-listed holdings across 163 positions for Q3 2022.

Its largest position, BPOP, represents 3.3% of the portfolio.

Compared with Q2 2022, the fund opened 3 new positions and exited 9.

Portfolio Metrics

Turnover
+6.4%
vs prior filed quarter
Top-10 Concentration
+23.3%
share of reported value
Largest Position
+3.3%
Popular
New / Exited
3 / 9
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: 81.6%ETP: 10.6%ADR: 5.3%Other: 2.5%
  • Common Stock · 81.6% · $128M
  • ETP · 10.6% · $17M
  • ADR · 5.3% · $8M
  • Other · 2.5% · $4M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
FXEINVESCO CURRENCYSHARES EURONEW+21.7K21.7K+$2M$2M
ZIM INTEGRATED SHIPPING SERVNEW+36.3K36.3K+$853,000$853,000
CLFCLEVELAND-CLIFFS INC NEWNEW+50.4K50.4K+$679,000$679,000
GOOGALPHABET INCADDED+21.9K23.0K−$299,000$2M
GOOGLALPHABET INC-CL AADDED+2.9K3.1K−$40,000$295,000
XLESELECT SECTOR SPDR TRADDED+22.7K37.1K+$2M$3M
ISHARES MSCI BRAZIL ETFADDED+11.6K20.0K+$362,000$594,000
BSETBASSETT FURNITURE INDSSOLD OUT−19.6K0−$354,000$0

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

Holdings — Q3 2022

49 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BPOPPOPULAR INChistory →COM NEW3.34%$5M72.9K
2FBPFIRST BANCORP PUERTO RICOhistory →COM NEW3.31%$5M380.7K
3BTUPEABODY ENERGY CORPhistory →COM2.72%$4M172.4K
4V322DIREXION SHS ETF TRDLY ENRGY BULL2X · BRZ BL 2X SHS2.67%$4M76.9K
5OFGOFG BANCORPhistory →COM2.48%$4M155.4K
6GDGENERAL DYNAMICS CORPhistory →COM2.25%$4M16.7K
7TELLEURTELLURIAN INC NEWhistory →COM2.00%$3M1.32M
8MUMICRON TECHNOLOGY INChistory →COM1.90%$3M59.7K
9BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.82%$3M10.8K
10VANECK OIL SERVICES ETFOIL SVCS ETF1.77%$3M13.2K
114I1PHILIP MORRIS INTL INChistory →COM1.73%$3M32.9K
12XLESELECT SECTOR SPDR TRhistory →ENERGY1.70%$3M37.1K
13JPMJPMORGAN CHASE & COhistory →COM1.55%$2M23.4K
14METAMETA PLATFORMShistory →CL A1.53%$2M17.8K
15COSTCOSTCO WHSL CORP NEWhistory →COM1.50%$2M5.0K
16GOOGALPHABET INChistory →CAP STK CL C1.41%$2M23.0K
17LMTLOCKHEED MARTIN CORPhistory →COM1.40%$2M5.7K
18FANGDIAMONDBACK ENERGY INChistory →COM1.37%$2M17.9K
19CPRTCOPART INChistory →COM1.34%$2M19.9K
20RANGER OIL CORPORATIONCLASS A COM1.31%$2M65.8K
21TEVATEVA PHARMACEUTICAL-SP ADRhistory →SPONSORED ADS1.30%$2M254.1K
22PYPLPAYPAL HLDGS INChistory →COM1.26%$2M23.1K
23MOALTRIA GROUP INChistory →COM1.26%$2M49.0K
24FXEINVESCO CURRENCYSHARES EUROhistory →EURO SHS1.25%$2M21.7K
258LP1LAREDO PETROLEUM INChistory →COM1.23%$2M30.8K
26ALLYALLY FINANCIAL INChistory →COM1.21%$2M68.6K
27VALE SA-SP ADRSPONSORED ADS1.20%$2M141.7K
28OXYOCCIDENTAL PETROLEUM CORPhistory →COM1.20%$2M30.6K
29TPLTEXAS PACIFIC LAND CORPhistory →COM1.15%$2M1.0K
30RTXRAYTHEON TECHNOLOGIES CORPhistory →COM1.14%$2M21.9K
31AMGNAMGEN INChistory →COM1.11%$2M7.8K
32TUSKMAMMOTH ENERGY SERVICES INChistory →COM1.08%$2M500.1K
33ARANTERO RESOURCES CORPhistory →COM1.07%$2M55.0K
34TFCTRUIST FINANCIAL CORPhistory →COM1.06%$2M38.2K
35VLOVALERO ENERGY CORP NEWhistory →COM1.02%$2M15.0K
36BXBLACKSTONE GROUP L Phistory →COM CL A1.01%$2M19.0K
37LENLENNAR CORP-ACL A0.88%$1M18.6K
38AMZNAMAZON COM INCCOM0.87%$1M12.1K
39SUSUNCOR ENERGY INCCOM0.87%$1M48.5K
40AAPLAPPLE INCCOM0.87%$1M9.9K
41WMTWALMART INCCOM0.87%$1M10.5K
42ATVIEURACTIVISION BLIZZARD INCCOM0.86%$1M18.3K
43LVSLAS VEGAS SANDS CORPCOM0.85%$1M35.6K
44XPOXPO LOGISTICS INCCOM0.85%$1M30.0K
45TJXTJX COS INC NEWCOM0.84%$1M21.3K
46BABAALIBABA GROUP HLDG LTDSPONSORED ADS0.84%$1M16.5K
47AVOMISSION PRODUCE INCCOM0.84%$1M91.3K
48EXECHESAPEAKE ENERGY CORPCOM0.82%$1M13.7K
49MLB1MERCADOLIBRE INCCOM0.77%$1M1.5K

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 ↗.