SEC 13F Intelligence

Managers / Q2 2025 · view latest →

X-Square Capital, LLC

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

Reported Value
$278,060
Q2 2025
Positions
177
Filings on Record
30
2019–present window
Filed
Aug 5, 2025
original filing

Summary

X-Square Capital, LLC reported $278,060 in U.S.-listed holdings across 177 positions for Q2 2025.

Its largest position, HIMS, represents 4.2% of the portfolio.

Compared with Q1 2025, the fund opened 19 new positions and exited 13.

Portfolio Metrics

Turnover
+8.6%
vs prior filed quarter
Top-10 Concentration
+28.5%
share of reported value
Largest Position
+4.2%
Hims Hers Health
New / Exited
19 / 13
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: 79.8%ETP: 12.6%Other: 5.4%ADR: 2.2%
  • Common Stock · 79.8% · $221,936
  • ETP · 12.6% · $34,969
  • Other · 5.4% · $15,006
  • ADR · 2.2% · $6,149

Quarter-over-Quarter Changes full breakdown →

vs Q1 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
LMNDLEMONADE INCNEW+70.6K70.6K+$3,092$3,092
ASTSAST SPACE MOBILE INCNEW+41.0K41.0K+$1,916$1,916
GQ9SPDR GOLD TRNEW+6.2K6.2K+$1,884$1,884
PPLTUSDABRDN PLATINUM ETF TRUSTNEW+14.8K14.8K+$1,822$1,822
PEPPEPSICO INCNEW+12.4K12.4K+$1,634$1,634
ZIM INTEGRATED SHIPPING SERVNEW+54.1K54.1K+$870$870
DUOLDUOLINGO INCNEW+2.1K2.1K+$865$865
PROSHARES TR IINEW+30.0K30.0K+$672$672

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

Holdings — Q2 2025

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1HIMSHIMS & HERS HEALTH INChistory →COM CL A4.22%$11,729235.3K
2SPDR S&P 500 ETFCOM3.69%$10,27016.6K
3MIGAMICROSTRATEGY INC-CL Ahistory →CL A NEW3.67%$10,21025.3K
4IBITISHARES BITCOIN TRUSThistory →SHS2.85%$7,925129.5K
5METAMETA PLATFORMS INC CLASS Ahistory →COM2.75%$7,66010.4K
6OFGOFG BANCORP Fhistory →COM NEW2.56%$7,122166.4K
7JPMJPMORGAN CHASE & COhistory →COM2.29%$6,37722.0K
8IRIS ENERGY LTDORDINARY SHARES2.28%$6,352436.0K
9FBPFIRST BANCORP Fhistory →CL A2.23%$6,192297.3K
10BRK/BBERKSHIRE HATHAWAY CLASS Bhistory →COM1.91%$5,30210.9K
11MLB1MERCADOLIBRE INChistory →COM1.72%$4,7881.8K
12MUMICRON TECHNOLOGYhistory →COM1.69%$4,71338.2K
13AMZNAMAZON.COM INChistory →COM CL A1.66%$4,61021.0K
14AMDADVANCED MICRO DEVICES Ihistory →COM NEW1.63%$4,51931.8K
15NVDANVIDIA CORPhistory →COM1.49%$4,14826.3K
16TJXTJX COMPANIES INChistory →COM1.46%$4,06032.9K
17AMGNAMGEN INC.history →COM1.45%$4,03814.5K
18URIUNITED RENTALS INChistory →COM1.40%$3,8815.2K
19WMTWALMART INChistory →COM1.26%$3,49135.7K
20T7DTRANSDIGM GROUP INChistory →COM1.21%$3,3682.2K
214I1PHILIP MORRIS INTLhistory →COM1.21%$3,36218.5K
22GDGENERAL DYNAMICS COhistory →COM1.20%$3,32311.4K
23APPAPPLOVIN CORPORATIONhistory →COM CL A1.18%$3,2789.4K
24PYPLPAYPAL HOLDINGS INCORPORhistory →CL B1.14%$3,16542.6K
25SUSUNCOR ENERGY INC Fhistory →CL B1.14%$3,16284.4K
26LMNDLEMONADE INChistory →COM1.11%$3,09270.6K
27MSFTMICROSOFT CORPhistory →COM1.09%$3,0436.1K
28XPOXPO INChistory →COM1.08%$2,99823.7K
29QXOQXO, INC.history →COM NEW1.06%$2,956137.2K
30ABBVABBVIE INChistory →COM1.05%$2,90915.7K
31GNRCGENERAC HOLDINGS INChistory →COM1.04%$2,90420.3K
32LULULULULEMON ATHLETICA INChistory →COM1.04%$2,89212.2K
33TSLATESLA INChistory →COM1.04%$2,8899.1K
34CMGCHIPOTLE MEXICAN GRILL INCCOM0.98%$2,73448.7K
35CPRTCOPART INCCOM0.94%$2,60753.1K
36COSTCOSTCO WHOLESALE COCOM0.89%$2,4772.5K
37BKNGBOOKING HOLDINGS INCCOM0.88%$2,434420
38KOTHE COCA-COLA COCOM0.79%$2,21031.2K
39DPZDOMINOS PIZZA INCCOM0.79%$2,2014.9K
40AAPLAPPLE INCCOM0.79%$2,18810.7K
41ORLYO'REILLY AUTOMOTIVE INCCOM0.75%$2,09823.3K
42BJBJ'S WHOLESALE CLUB HOLDINGSCOM0.75%$2,08119.3K
43VLOVALERO ENERGY CORPCOM0.75%$2,07715.5K
44GOOGALPHABET INC. CLASS CCAP STK CL C0.75%$2,07311.7K
45X-SQUARE MUNI INC TAX FR ETFMUNICIPAL INCOME0.73%$2,01880.2K
46SPROTT URANIUM MINERS ETFURANIUM MINERS E0.71%$1,96741.0K
47EXPEEXPEDIA GROUP INCCOM NEW0.70%$1,94211.5K
48ASTSAST SPACE MOBILE INCCOM CL A0.69%$1,91641.0K
49DGDOLLAR GENERAL CORPCOM0.68%$1,90016.6K
50GQ9SPDR GOLD TRGOLD SHS0.68%$1,8846.2K

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 ↗.