SEC 13F Intelligence

Managers / Q4 2025 · view latest →

X-Square Capital, LLC

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

Reported Value
$305,153
Q4 2025
Positions
176
Filings on Record
30
2019–present window
Filed
Feb 11, 2026
original filing

Summary

X-Square Capital, LLC reported $305,153 in U.S.-listed holdings across 176 positions for Q4 2025.

Its largest position, HIMS, represents 5.0% of the portfolio.

Compared with Q3 2025, the fund opened 14 new positions and exited 15.

Portfolio Metrics

Turnover
+15.7%
vs prior filed quarter
Top-10 Concentration
+30.4%
share of reported value
Largest Position
+5.0%
Hims Hers Health
New / Exited
14 / 15
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: 81.4%ETP: 10.0%Other: 5.6%ADR: 3.0%
  • Common Stock · 81.4% · $248,366
  • ETP · 10.0% · $30,417
  • Other · 5.6% · $17,132
  • ADR · 3.0% · $9,238

Quarter-over-Quarter Changes full breakdown →

vs Q3 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
IREN LIMITEDNEW+240.0K240.0K+$9,065$9,065
ROOTROOT INCNEW+77.1K77.1K+$5,569$5,569
DBX ETF TRNEW+52.5K52.5K+$2,605$2,605
FERRARI N VNEW+5.8K5.8K+$2,139$2,139
LUNRINTUITIVE MACHINES INC.NEW+101.0K101.0K+$1,639$1,639
VVISA INCNEW+4.5K4.5K+$1,595$1,595
KOFCOCA-COLA FEMSA SAB DE CVNEW+14.2K14.2K+$1,346$1,346
VALARIS LTDNEW+14.3K14.3K+$718$718

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

Holdings — Q4 2025

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1HIMSHIMS & HERS HEALTH INChistory →COM CL A4.99%$15,228469.0K
2ASTSAST SPACE MOBILE INChistory →COM CL A4.05%$12,373170.3K
3SPDR S&P 500 ETFCOM3.90%$11,89417.4K
4AMDADVANCED MICRO DEVICES Ihistory →COM NEW3.16%$9,63945.0K
5IREN LIMITEDSHS2.97%$9,065240.0K
6MLB1MERCADOLIBRE INChistory →COM2.51%$7,6503.8K
7MUMICRON TECHNOLOGYhistory →COM2.41%$7,34825.7K
8JPMJPMORGAN CHASE & COhistory →COM2.29%$6,99721.7K
9METAMETA PLATFORMS INC CLASS Ahistory →COM2.29%$6,99210.6K
10ROOTROOT INChistory →CL A NEW1.82%$5,56977.1K
11NVDANVIDIA CORPhistory →COM1.69%$5,17027.7K
12BRK/BBERKSHIRE HATHAWAY CLASS Bhistory →COM1.67%$5,08910.1K
13TJXTJX COMPANIES INChistory →COM1.63%$4,95932.3K
14AMZNAMAZON.COM INChistory →COM CL A1.59%$4,85021.0K
15AMGNAMGEN INC.history →COM1.54%$4,71214.4K
16IBITISHARES BITCOIN TRUSThistory →SHS1.51%$4,60092.6K
17MIGAMICROSTRATEGY INC-CL Ahistory →CL A NEW1.40%$4,27828.2K
18DUOLDUOLINGO INChistory →CL A COM1.36%$4,15723.7K
19URIUNITED RENTALS INChistory →COM1.34%$4,0885.1K
20WMTWALMART INChistory →COM1.32%$4,02036.1K
21GDGENERAL DYNAMICS COhistory →COM1.24%$3,77911.2K
22GOOGALPHABET INC. CLASS Chistory →CAP STK CL C1.21%$3,70011.8K
23SUSUNCOR ENERGY INC Fhistory →CL B1.21%$3,67982.9K
24CPRTCOPART INChistory →COM1.17%$3,55790.9K
25ABBVABBVIE INChistory →COM1.15%$3,52115.4K
26EXPEEXPEDIA GROUP INChistory →COM NEW1.07%$3,26811.5K
27XPOXPO INChistory →COM1.03%$3,13723.1K
28TSLATESLA INChistory →COM1.01%$3,0746.8K
29AAPLAPPLE INCCOM1.00%$3,04811.2K
30MSFTMICROSOFT CORPCOM0.97%$2,9696.1K
31ONDSONDAS HOLDINGS INCCOM NEW0.96%$2,928300.0K
324I1PHILIP MORRIS INTLCOM0.95%$2,89618.1K
33T7DTRANSDIGM GROUP INCCOM0.94%$2,8712.2K
34DBX ETF TRDALY HOM B&S BUL0.85%$2,60552.5K
35ORCLORACLE CORPORATIONCOM0.84%$2,57613.2K
36PYPLPAYPAL HOLDINGS INCORPORCL B0.78%$2,37540.7K
37BKNGBOOKING HOLDINGS INCCOM0.76%$2,329435
38LULULULULEMON ATHLETICA INCCOM0.74%$2,25510.9K
39COSTCOSTCO WHOLESALE COCOM0.73%$2,2192.6K
40DGDOLLAR GENERAL CORPCOM0.70%$2,14416.2K
41FERRARI N VCOM0.70%$2,1395.8K
42X-SQUARE MUNI INC TAX FR ETFMUNICIPAL INCOME0.68%$2,07280.8K
43VALE SA F SPONSORED ADR 1 ADR REPS 1 ORD SHSCOM0.68%$2,066158.5K
44GNRCGENERAC HOLDINGS INCCOM0.67%$2,03114.9K
45ORLYO'REILLY AUTOMOTIVE INCCOM0.66%$2,00422.0K
46DPZDOMINOS PIZZA INCCOM0.65%$1,9964.8K
47OFGOFG BANCORP FCOM NEW0.64%$1,96548.0K
48FBPFIRST BANCORP FCL A0.64%$1,95194.1K
49CROXCROCS INCCOM0.63%$1,93222.6K
50NDQINVSC QQQ TRUST SRS 1 ETFOIL SVCS ETF0.62%$1,9073.1K

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 ↗.