SEC 13F Intelligence

Managers / Q4 2023 · view latest →

X-Square Capital, LLC

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

Reported Value
$181,243
Q4 2023
Positions
168
Filings on Record
30
2019–present window
Filed
Feb 9, 2024
original filing

Summary

X-Square Capital, LLC reported $181,243 in U.S.-listed holdings across 168 positions for Q4 2023.

Its largest position, BPOP, represents 3.2% of the portfolio.

Compared with Q3 2023, the fund opened 30 new positions and exited 17.

Portfolio Metrics

Turnover
+12.9%
vs prior filed quarter
Top-10 Concentration
+24.3%
share of reported value
Largest Position
+3.2%
Popular Inc F
New / Exited
30 / 17
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: 76.3%ETP: 13.2%ADR: 6.3%Other: 3.9%REIT: 0.3%
  • Common Stock · 76.3% · $138,223
  • ETP · 13.2% · $24,007
  • ADR · 6.3% · $11,349
  • Other · 3.9% · $7,074
  • REIT · 0.3% · $590

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SPROTT URANIUM MINERS ETFNEW+67.0K67.0K+$3,232$3,232
X-SQUARE MUNI INC TAX FR ETFNEW+67.1K67.1K+$1,767$1,767
TJXTJX COMPANIES INCNEW+16.6K16.6K+$1,557$1,557
JPMORGAN EQUITY PREMIUM INCONEW+27.5K27.5K+$1,513$1,513
AMRALPHA METALLURGICAL RESOURCENEW+4.4K4.4K+$1,490$1,490
SBSWSIBANYE-STILLWATER LTD-ADRNEW+233.8K233.8K+$1,270$1,270
PBRPETROLEO BRASILEIRO-SPON ADRNEW+66.5K66.5K+$1,062$1,062
DRX DLY REG BANK BULL 3XNEW+10.0K10.0K+$972$972

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

Holdings — Q4 2023

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BPOPPOPULAR INC Fhistory →SPONSORED ADR3.24%$5,86671.5K
2SPDR S&P 500 ETFCOM2.97%$5,38011.3K
3FBPFIRST BANCORP Fhistory →CL A2.79%$5,055307.3K
4NFENEW FORTRESS ENERGY A CLASS Ahistory →COM2.66%$4,821127.8K
5METAMETA PLATFORMS INC CLASS Ahistory →COM2.57%$4,65613.2K
6MUMICRON TECHNOLOGYhistory →COM2.45%$4,44152.0K
7GDGENERAL DYNAMICS COhistory →COM2.12%$3,84614.8K
8JPMJPMORGAN CHASE & COhistory →COM1.89%$3,43320.2K
9CPRTCOPART INChistory →COM1.85%$3,34468.2K
10GOOGALPHABET INC. CLASS Chistory →CAP STK CL C1.81%$3,28223.3K
11BRK/BBERKSHIRE HATHAWAY CLASS Bhistory →COM1.79%$3,2379.1K
12SPROTT URANIUM MINERS ETFURANIUM MINERS E1.78%$3,23267.0K
13OFGOFG BANCORP Fhistory →COM NEW1.77%$3,21685.8K
14URIUNITED RENTALS INChistory →COM1.70%$3,0835.4K
15LMTLOCKHEED MARTIN CORPhistory →TR UNIT1.67%$3,0326.7K
16AMGNAMGEN INC.history →COM1.58%$2,8559.9K
17COSTCOSTCO WHOLESALE COhistory →COM1.44%$2,6154.0K
18MLB1MERCADOLIBRE INChistory →COM1.36%$2,4561.6K
19XLEENERGY SELECT SECTOR SPDR ETFhistory →COM1.35%$2,45129.2K
20PHMPULTEGROUP INChistory →CL A1.35%$2,44223.7K
21AMZNAMAZON.COM INChistory →COM CL A1.35%$2,43916.1K
224I1PHILIP MORRIS INTLhistory →COM1.33%$2,41125.6K
23AMDADVANCED MICRO DEVICES Ihistory →COM NEW1.33%$2,40216.3K
24LENLENNAR CORP CLASS Ahistory →CL A1.24%$2,24115.0K
25AAPLAPPLE INChistory →COM1.14%$2,06710.7K
26TEVATEVA PHARMACEUTICAL IN F SPONSORED ADR 1 ADR REPS 1 ORD SHShistory →COM1.14%$2,062197.5K
278LP1VITAL ENERGY INChistory →COM1.07%$1,94342.7K
28XPOXPO INChistory →COM1.07%$1,94222.2K
29V322DIREXION DAILY ENERGY BULL 2X ETFhistory →COM1.03%$1,86432.9K
30WMTWALMART INCCOM0.99%$1,79911.4K
31X-SQUARE MUNI INC TAX FR ETFMUNICIPAL INCOME0.97%$1,76767.1K
32GNRCGENERAC HOLDINGS INCCOM0.95%$1,72913.4K
33RHRHCOM0.89%$1,6115.5K
34COTYCOTY INC CLASS ACOM0.86%$1,561125.7K
35TJXTJX COMPANIES INCCOM0.86%$1,55716.6K
36TPLTEXAS PACIFIC LAND CORPCOM0.84%$1,516964
37LUVSOUTHWEST AIRLINESCOM0.84%$1,51652.5K
38JPMORGAN EQUITY PREMIUM INCOEQUITY PREMIUM0.83%$1,51327.5K
39PYPLPAYPAL HOLDINGS INCORPORCL B0.83%$1,49724.4K
40VLOVALERO ENERGY CORPCOM0.83%$1,49711.5K
41AMRALPHA METALLURGICAL RESOURCECOM0.82%$1,4904.4K
42RTXRAYTHEON TECHNOLOGIES COSPONSORED ADS A0.82%$1,48417.6K
43MOALTRIA GROUP INCUS HOME CONS ETF0.81%$1,46936.4K
44FRONTLINE PLCCOM0.80%$1,45672.6K
45NVDANVIDIA CORPCOM0.77%$1,4002.8K
46VANECK OIL SERVICES ETFCOM0.77%$1,3954.5K
47DPZDOMINOS PIZZA INCCOM0.74%$1,3463.3K
48FANGDIAMONDBACK ENERGYCL A0.74%$1,3418.6K
49BABAALIBABA GROUP HLDG LTD F SPONSORED ADR 1 ADR REPS 8 ORD SHSSHS0.71%$1,28516.6K
50SBSWSIBANYE-STILLWATER LTD-ADRSPONSORED ADR0.70%$1,270233.8K

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 ↗.