SEC 13F Intelligence

Managers / Q1 2023 · view latest →

X-Square Capital, LLC

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

Reported Value
$169,549
Q1 2023
Positions
171
Filings on Record
30
2019–present window
Filed
May 11, 2023
original filing

Summary

X-Square Capital, LLC reported $169,549 in U.S.-listed holdings across 171 positions for Q1 2023.

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

Compared with Q4 2022, the fund opened 16 new positions and exited 14.

Portfolio Metrics

Turnover
+10.5%
vs prior filed quarter
Top-10 Concentration
+23.6%
share of reported value
Largest Position
+3.3%
Popular Inc F
New / Exited
16 / 14
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: 79.7%ETP: 9.7%ADR: 6.7%Other: 3.9%
  • Common Stock · 79.7% · $135,113
  • ETP · 9.7% · $16,401
  • ADR · 6.7% · $11,394
  • Other · 3.9% · $6,641

Quarter-over-Quarter Changes full breakdown →

vs Q4 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
PROSHARES ULTRAPRO SHORT QQQ ETFNEW+101.2K101.2K+$2,970$2,970
NFENEW FORTRESS ENERGY A CLASS ANEW+60.9K60.9K+$1,793$1,793
ECECOPETROL S A F SPONSORED ADR 1 ADR REPS 20 ORD SHSNEW+82.0K82.0K+$866$866
RIORIO TINTO PLCNEW+9.5K9.5K+$652$652
SCHWCHARLES SCHWAB CORPNEW+10.9K10.9K+$574$574
COINCOINBASE GLOBAL INC CLASS ANEW+4.9K4.9K+$334$334
SKYSKYLINE CHAMPION CORPORATIONNEW+3.5K3.5K+$267$267
TSMTAIWAN SEMICONDUCTR F SPONSORED ADR 1 ADR REPS 5 ORD SHSNEW+2.2K2.2K+$201$201

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

Holdings — Q1 2023

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BPOPPOPULAR INC Fhistory →SPONSORED ADR3.30%$5,59897.5K
2XLEENERGY SELECT SECTOR SPDR ETFhistory →COM3.16%$5,35264.6K
3BTUPEABODY ENERGY CORPORATIhistory →COM2.56%$4,332169.2K
4FBPFIRST BANCORP Fhistory →CL A2.41%$4,086357.8K
5OFGOFG BANCORP Fhistory →COM NEW2.24%$3,793152.1K
6VANECK OIL SERVICES ETFCOM2.16%$3,66913.2K
7GDGENERAL DYNAMICS COhistory →COM2.07%$3,50415.4K
8METAMETA PLATFORMS INC CLASS Ahistory →COM1.97%$3,34415.8K
9MUMICRON TECHNOLOGYhistory →COM1.95%$3,30354.7K
10BRK/BBERKSHIRE HATHAWAY CLASS Bhistory →COM1.75%$2,9739.6K
11PROSHARES ULTRAPRO SHORT QQQ ETFCOM1.75%$2,970101.2K
12AMGNAMGEN INC.history →COM1.68%$2,85011.8K
134I1PHILIP MORRIS INTLhistory →COM1.67%$2,83829.2K
14CPRTCOPART INChistory →COM1.66%$2,81637.4K
15JPMJPMORGAN CHASE & COhistory →COM1.66%$2,81221.6K
16OXYOCCIDENTAL PETROL COhistory →COM1.53%$2,59941.6K
17LMTLOCKHEED MARTIN CORPhistory →TR UNIT1.49%$2,5235.3K
18GOOGALPHABET INC. CLASS Chistory →CAP STK CL C1.41%$2,38723.0K
19VALE SA F SPONSORED ADR 1 ADR REPS 1 ORD SHSCOM1.30%$2,198139.3K
20COTYCOTY INC CLASS Ahistory →COM1.28%$2,169179.9K
21TEVATEVA PHARMACEUTICAL IN F SPONSORED ADR 1 ADR REPS 1 ORD SHShistory →COM1.25%$2,121239.6K
228LP1VITAL ENERGY INChistory →COM1.23%$2,07945.7K
23COSTCOSTCO WHOLESALE COhistory →COM1.21%$2,0584.1K
24VIPSVIPSHOP HLDGS LTD F SPONSORED ADR 1 ADR REPS 0.2 ORD SHShistory →COM1.14%$1,937127.6K
25MOALTRIA GROUP INChistory →US HOME CONS ETF1.14%$1,93143.3K
26FANGDIAMONDBACK ENERGYhistory →CL A1.14%$1,92814.3K
27RTXRAYTHEON TECHNOLOGIES COhistory →SPONSORED ADS A1.13%$1,91519.6K
28PHMPULTEGROUP INChistory →CL A1.09%$1,84631.7K
29NFENEW FORTRESS ENERGY A CLASS Ahistory →COM1.06%$1,79360.9K
30AAPLAPPLE INChistory →COM1.05%$1,78010.8K
31ALLYALLY FINL INChistory →COM1.04%$1,76669.3K
32TPLTEXAS PACIFIC LAND CORPhistory →COM1.04%$1,7621.0K
33VLOVALERO ENERGY CORPhistory →COM1.03%$1,74812.5K
34TUSKMAMMOTH ENERGY SERVICES INChistory →COM CL A1.01%$1,709405.1K
35LENLENNAR CORP CLASS Ahistory →CL A1.00%$1,70216.2K
36TELLEURTELLURIAN INVESTMENTS INCOM NEW1.00%$1,6921.38M
37PYPLPAYPAL HOLDINGS INCORPORCL B0.99%$1,68722.2K
38LVSLAS VEGAS SANDS CORPSPON ADS0.99%$1,67229.1K
39BXBLACKSTONE INCCL B NEW0.98%$1,66919.0K
40MLB1MERCADOLIBRE INCCOM0.95%$1,6131.2K
41BABAALIBABA GROUP HLDG LTD F SPONSORED ADR 1 ADR REPS 8 ORD SHSSHS0.94%$1,59615.6K
42DIREXION BRAZIL BULL 2X SHARES ETFCOM0.92%$1,56224.7K
43ATVIEURACTIVISION BLIZZARDCL A0.90%$1,53417.9K
44LUVSOUTHWEST AIRLINESCOM0.88%$1,48845.7K
45AMDADVANCED MICRO DEVICES ICOM NEW0.86%$1,46114.9K
46NOGNORTHERN OIL AND GASENERGY0.80%$1,35344.6K
47TJXTJX COMPANIES INCCOM0.80%$1,35117.2K
48EXECHESAPEAKE ENERGY COCOM0.77%$1,30817.2K
49TFCTRUIST FINL CORPCL A0.77%$1,29938.1K
50AMZNAMAZON.COM INCCOM CL A0.75%$1,26412.2K

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 ↗.