SEC 13F Intelligence

Managers / Q3 2025 · view latest →

X-Square Capital, LLC

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

Reported Value
$320,154
Q3 2025
Positions
177
Filings on Record
30
2019–present window
Filed
Nov 10, 2025
original filing

Summary

X-Square Capital, LLC reported $320,154 in U.S.-listed holdings across 177 positions for Q3 2025.

Its largest position, HIMS, represents 7.6% of the portfolio.

Compared with Q2 2025, the fund opened 13 new positions and exited 11.

Portfolio Metrics

Turnover
+11.4%
vs prior filed quarter
Top-10 Concentration
+32.8%
share of reported value
Largest Position
+7.6%
Hims Hers Health
New / Exited
13 / 11
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: 83.6%ETP: 11.4%ADR: 3.0%Other: 1.9%
  • Common Stock · 83.6% · $267,733
  • ETP · 11.4% · $36,657
  • ADR · 3.0% · $9,745
  • Other · 1.9% · $6,019

Quarter-over-Quarter Changes full breakdown →

vs Q2 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CLSKCLEANSPARK INCNEW+200.0K200.0K+$2,900$2,900
DIREXION SHS ETF TRNEW+20.5K20.5K+$2,051$2,051
RRRICHTECH ROBOTICS INCNEW+400.3K400.3K+$1,717$1,717
ONDSONDAS HOLDINGS INCNEW+150.0K150.0K+$1,158$1,158
UNHUNITEDHEALTH GROUP INCNEW+3.0K3.0K+$1,036$1,036
CEGCONSTELLATION ENERGY CORPNEW+3.1K3.1K+$1,020$1,020
ZETAZETA GLOBAL HOLDINGS CORP-ANEW+50.0K50.0K+$994$994
PLTRPALANTIR TECHNOLOGIES INCNEW+2.0K2.0K+$367$367

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

Holdings — Q3 2025

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1HIMSHIMS & HERS HEALTH INChistory →COM CL A7.58%$24,253427.6K
2LMNDLEMONADE INChistory →COM3.56%$11,413213.2K
3ASTSAST SPACE MOBILE INChistory →COM CL A3.50%$11,198228.2K
4SPDR S&P 500 ETFCOM3.48%$11,13816.7K
5AMDADVANCED MICRO DEVICES Ihistory →COM NEW3.15%$10,07462.3K
6IBITISHARES BITCOIN TRUSThistory →SHS2.74%$8,758134.7K
7METAMETA PLATFORMS INC CLASS Ahistory →COM2.40%$7,67110.4K
8OFGOFG BANCORP Fhistory →COM NEW2.20%$7,044162.0K
9JPMJPMORGAN CHASE & COhistory →COM2.19%$6,99922.2K
10MUMICRON TECHNOLOGYhistory →COM2.02%$6,45638.6K
11MIGAMICROSTRATEGY INC-CL Ahistory →CL A NEW1.84%$5,89018.3K
12FBPFIRST BANCORP Fhistory →CL A1.84%$5,885266.9K
13BRK/BBERKSHIRE HATHAWAY CLASS Bhistory →COM1.67%$5,34110.6K
14URIUNITED RENTALS INChistory →COM1.55%$4,9635.2K
15TJXTJX COMPANIES INChistory →COM1.50%$4,80533.2K
16NVDANVIDIA CORPhistory →COM1.47%$4,72025.3K
17AMZNAMAZON.COM INChistory →COM CL A1.46%$4,66321.2K
18MLB1MERCADOLIBRE INChistory →COM1.35%$4,3301.9K
19CPRTCOPART INChistory →COM1.29%$4,14192.1K
20AMGNAMGEN INC.history →COM1.29%$4,13114.6K
21GDGENERAL DYNAMICS COhistory →COM1.23%$3,93611.5K
22ABBVABBVIE INChistory →COM1.15%$3,68815.9K
23WMTWALMART INChistory →COM1.15%$3,68135.7K
24SUSUNCOR ENERGY INC Fhistory →CL B1.12%$3,57785.6K
25MSFTMICROSOFT CORPhistory →COM1.00%$3,2166.2K
26TSLATESLA INCCOM0.99%$3,1547.1K
27XPOXPO INCCOM0.97%$3,11224.1K
28BMABANCO MACRO SA-ADRSPON ADR B0.94%$3,02571.5K
294I1PHILIP MORRIS INTLCOM0.94%$2,99618.5K
30T7DTRANSDIGM GROUP INCCOM0.92%$2,9602.2K
31CLSKCLEANSPARK INCCOM NEW0.91%$2,900200.0K
32GOOGALPHABET INC. CLASS CCAP STK CL C0.89%$2,84611.7K
33PYPLPAYPAL HOLDINGS INCORPORCL B0.89%$2,84642.4K
34AAPLAPPLE INCCOM0.85%$2,72010.7K
35GNRCGENERAC HOLDINGS INCCOM0.81%$2,60015.5K
36ORLYO'REILLY AUTOMOTIVE INCCOM0.80%$2,55423.7K
37EXPEEXPEDIA GROUP INCCOM NEW0.78%$2,50511.7K
38DUOLDUOLINGO INCCL A COM0.78%$2,4867.7K
39BKNGBOOKING HOLDINGS INCCOM0.73%$2,347435
40COSTCOSTCO WHOLESALE COCOM0.73%$2,3382.5K
41GQ9SPDR GOLD TRGOLD SHS0.69%$2,2016.2K
42LENLENNAR CORP CLASS ACL A0.68%$2,18917.4K
43NOCNORTHROP GRUMMAN CORPCOM0.68%$2,1633.5K
44DPZDOMINOS PIZZA INCCOM0.67%$2,1525.0K
45KOTHE COCA-COLA COCOM0.66%$2,11731.9K
46DIREXION SHS ETF TRDLY TECH BULL 3X0.64%$2,05120.5K
47LULULULULEMON ATHLETICA INCCOM0.63%$2,02811.4K
48X-SQUARE MUNI INC TAX FR ETFMUNICIPAL INCOME0.62%$2,00080.8K
49BITXVOLATILITY SHS TR2X BITCOIN STRAT0.62%$1,98836.1K
50CMGCHIPOTLE MEXICAN GRILL INCCOM0.61%$1,94449.6K

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 ↗.