X-Square Capital, LLC

GUAYNABO, PR · CIK 1729300 · 13F filing filed 2026-08-12

SEC-registered investment adviser since 2015 · limited liability company

Assets managed$790.9m
Staff7 · 7 in investment roles
Main clients (by assets)Companies 62%, Mutual funds and ETFs 11%, Private funds 9%
Private funds3 (1 hedge) · $364.6m gross assets
Form ADV · 2026-04-13SEC adviser record

Kindhedge funds, private equity, institutions

As an employer

Offices in1 country
Private fundsprivate equity 2, hedge 1

$394.1m reported value +32.8% vs Q1 2026

176positions

34.8%in top 10

20 new 104 added 29 reduced 8 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	AST SPACEMOBILE INC COM CL A ASTS	ASTS	251,520	$22.4m5.67%	5.67%	Added +199.7k	+199,720 385.6%
2	ADVANCED MICRO DEVICES INC COM AMD	AMD	36,872	$21.4m5.44%	5.44%	Reduced -8.8k	-8,776 -19.2%
3	MICRON TECHNOLOGY INC COM MU	MU	14,017	$16.2m4.11%	4.11%	Reduced -4.9k	-4,880 -25.8%
4	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	20,879	$15.6m3.96%	3.96%	Added +689	+689 3.4%
5	IREN LIMITED ORDINARY SHARES IREN	IREN	322,645	$14.8m3.74%	3.74%	Added +12.7k	+12,650 4.1%
6	HIMS & HERS HEALTH INC COM CL A HIMS	HIMS	425,519	$14.8m3.74%	3.74%	Added +4.8k	+4,778 1.1%
7	APPLOVIN CORP COM CL A APP	APP	21,343	$11.0m2.79%	2.79%	Added +4.6k	+4,564 27.2%
8	VISTA ENERGY S.A.B. DE C.V. SPONSORED ADS VIST	VIST	136,988	$8.7m2.22%	2.22%	New
9	META PLATFORMS INC CL A META	META	11,098	$6.3m1.59%	1.59%	Reduced -3.5k	-3,494 -23.9%
10	SUNCOR ENERGY INC NEW COM SU	SU	114,749	$6.2m1.56%	1.56%	Added +26.7k	+26,735 30.4%
11	UNITED RENTALS INC COM URI	URI	5,181	$5.9m1.49%	1.49%	Added +118	+118 2.3%
12	AMAZON COM INC COM AMZN	AMZN	24,253	$5.8m1.47%	1.47%	Added +2.6k	+2,589 11.9%
13	NVIDIA CORPORATION COM NVDA	NVDA	27,839	$5.6m1.41%	1.41%	Added +51	+51 0.2%
14	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	10,606	$5.3m1.35%	1.35%	Added +703	+703 7.1%
15	NU HLDGS LTD ORD SHS CL A NU	NU	391,437	$5.2m1.33%	1.33%	Added +30.9k	+30,925 8.6%
16	TJX COS INC NEW COM TJX	TJX	33,786	$5.1m1.30%	1.30%	Added +854	+854 2.6%
17	MERCADOLIBRE INC COM MELI	MELI	3,002	$5.1m1.29%	1.29%	Added +74	+74 2.5%
18	PETROLEO BRASILEIRO SA PETRO SPONSORED ADR PBR	PBR	309,923	$5.0m1.27%	1.27%	New
19	DUOLINGO INC CL A COM DUOL	DUOL	43,186	$5.0m1.26%	1.26%	Unchanged
20	XPO INC COM XPO	XPO	24,078	$4.9m1.25%	1.25%	Added +551	+551 2.3%
21	SERVICENOW INC COM NOW	NOW	49,555	$4.9m1.25%	1.25%	New
22	GENERAC HLDGS INC COM GNRC	GNRC	15,965	$4.7m1.19%	1.19%	Added +488	+488 3.1%
23	JPMORGAN CHASE & CO COM JPM	JPM	12,742	$4.2m1.06%	1.06%	Added +470	+470 3.8%
24	GENERAL DYNAMICS CORP COM GD	GD	11,669	$4.1m1.05%	1.05%	Added +347	+347 3.1%
25	ALPHABET INC CAP STK CL C GOOG	GOOG	11,690	$4.1m1.05%	1.05%	Reduced -37	-37 -0.3%
26	AMGEN INC COM AMGN	AMGN	10,908	$4.0m1.00%	1.00%	Added +397	+397 3.8%
27	SUPER MICRO COMPUTER INC COM NEW SMCI	SMCI	128,600	$3.8m0.96%	0.96%	Added +100.1k	+100,105 351.3%
28	ABBVIE INC COM ABBV	ABBV	14,964	$3.8m0.96%	0.96%	Added +750	+750 5.3%
29	ORACLE CORP COM ORCL	ORCL	25,700	$3.8m0.96%	0.96%	Added +544	+544 2.2%
30	BOOKING HOLDINGS INC COM BKNG	BKNG	18,910	$3.4m0.86%	0.86%	Added +810	+810 4.5%
31	PHILIP MORRIS INTL INC COM PM	PM	18,412	$3.3m0.85%	0.85%	Added +268	+268 1.5%
32	EXPEDIA GROUP INC COM NEW EXPE	EXPE	12,664	$3.2m0.82%	0.82%	Added +499	+499 4.1%
33	APPLE INC COM AAPL	AAPL	10,842	$3.1m0.80%	0.80%	Reduced -1.0k	-1,000 -8.4%
34	TRANSDIGM GROUP INC COM TDG	TDG	2,313	$3.1m0.78%	0.78%	Added +84	+84 3.8%
35	ISHARES BITCOIN TRUST ETF SHS BEN INT IBIT	IBIT	92,310	$3.1m0.78%	0.78%	Reduced -185	-185 -0.2%
36	TESLA INC COM TSLA	TSLA	6,978	$2.9m0.74%	0.74%	Added +83	+83 1.2%
37	CROCS INC COM CROX	CROX	24,293	$2.9m0.74%	0.74%	Added +615	+615 2.6%
38	MICROSOFT CORP COM MSFT	MSFT	7,640	$2.9m0.72%	0.72%	Added +1.1k	+1,145 17.6%
39	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	3,795	$2.8m0.71%	0.71%	Added +242	+242 6.8%
40	VALE S A SPONSORED ADS VALE	VALE	179,109	$2.7m0.68%	0.68%	Added +8.2k	+8,183 4.8%
41	COSTCO WHSL CORP NEW COM COST	COST	2,782	$2.6m0.66%	0.66%	Added +92	+92 3.4%
42	COPART INC COM CPRT	CPRT	90,655	$2.6m0.65%	0.65%	Added +12.9k	+12,931 16.6%
43	ASML HOLDING N V N Y REGISTRY SHS ASML	ASML	1,264	$2.5m0.64%	0.64%	Added +55	+55 4.5%
44	PEABODY ENERGY CORP COM BTU	BTU	106,829	$2.5m0.63%	0.63%	Added +60.5k	+60,500 130.6%
45	WALMART INC COM WMT	WMT	21,632	$2.5m0.62%	0.62%	Added +1.6k	+1,557 7.8%
46	OFG BANCORP COM OFG	OFG	49,081	$2.4m0.61%	0.61%	Reduced -260	-260 -0.5%
47	FIRST BANCORP P R COM NEW FBP	FBP	92,096	$2.4m0.61%	0.61%	Unchanged
48	OREILLY AUTOMOTIVE INC COM ORLY	ORLY	23,832	$2.2m0.56%	0.56%	Added +874	+874 3.8%
49	XSQUARE SER TR MUNICIPAL INCOME ZTAX	ZTAX	86,277	$2.2m0.56%	0.56%	Added +961	+961 1.1%
50	CHIPOTLE MEXICAN GRILL INC COM CMG	CMG	62,891	$2.1m0.54%	0.54%	Added +10.0k	+9,956 18.8%
51	ROSS STORES INC COM ROST	ROST	9,935	$2.1m0.54%	0.54%	Added +100	+100 1.0%
52	ALTRIA GROUP INC COM MO	MO	29,313	$2.1m0.54%	0.54%	Added +662	+662 2.3%
53	PAYPAL HLDGS INC COM PYPL	PYPL	47,465	$2.0m0.52%	0.52%	Added +6.6k	+6,610 16.2%
54	TEXAS PACIFIC LAND CORPORATI COM TPL	TPL	4,677	$2.0m0.52%	0.52%	Added +113	+113 2.5%
55	RTX CORPORATION COM RTX	RTX	10,718	$2.0m0.52%	0.52%	Added +568	+568 5.6%
56	COMFORT SYS USA INC COM FIX	FIX	1,020	$2.0m0.51%	0.51%	Reduced -391	-391 -27.7%
57	PEPSICO INC COM PEP	PEP	14,171	$1.9m0.49%	0.49%	Added +1.1k	+1,136 8.7%
58	TEVA PHARMACEUTICAL INDS LTD SPONSORED ADS SPONSORED ADS		56,230	$1.9m0.48%	0.48%	Reduced -15	-15 -0.0%
59	DOLLAR GEN CORP NEW COM DG	DG	16,467	$1.9m0.48%	0.48%	Added +273	+273 1.7%
60	NORTHROP GRUMMAN CORP COM NOC	NOC	3,655	$1.9m0.47%	0.47%	Added +208	+208 6.0%
61	YPF SOCIEDAD ANONIMA SPON ADR CL D YPF	YPF	40,000	$1.8m0.46%	0.46%	New
62	JOHNSON & JOHNSON COM JNJ	JNJ	7,053	$1.8m0.45%	0.45%	Added +229	+229 3.4%
63	QXO INC COM NEW QXO	QXO	103,533	$1.8m0.45%	0.45%	Added +28.3k	+28,255 37.5%
64	VALERO ENERGY CORP COM VLO	VLO	6,668	$1.7m0.44%	0.44%	Added +371	+371 5.9%
65	BJS WHSL CLUB HLDGS INC COM BJ	BJ	19,492	$1.7m0.43%	0.43%	Added +251	+251 1.3%
66	OCCIDENTAL PETE CORP COM OXY	OXY	34,766	$1.7m0.43%	0.43%	Added +59	+59 0.2%
67	LENNAR CORP CL A LEN	LEN	18,496	$1.7m0.42%	0.42%	Added +578	+578 3.2%
68	ONDAS INC COM NEW ONDS	ONDS	200,000	$1.6m0.42%	0.42%	New
69	FASTENAL CO COM FAST	FAST	33,869	$1.6m0.41%	0.41%	Added +545	+545 1.6%
70	STRIVE INC CL A COM ASST	ASST	148,124	$1.6m0.41%	0.41%	Added +17.0k	+17,000 13.0%
71	DOMINOS PIZZA INC COM DPZ	DPZ	5,438	$1.6m0.41%	0.41%	Added +314	+314 6.1%
72	COCA-COLA FEMSA SAB DE CV SPONS ADS REP KOF	KOF	14,630	$1.6m0.39%	0.39%	Added +415	+415 2.9%
73	UNITEDHEALTH GROUP INC COM UNH	UNH	3,582	$1.5m0.38%	0.38%	Added +63	+63 1.8%
74	RH COM RH	RH	8,939	$1.5m0.37%	0.37%	Added +395	+395 4.6%
75	ISHARES INC MSCI BRAZIL ETF EWZ	EWZ	42,186	$1.5m0.37%	0.37%	Added +29.0k	+28,964 219.1%
76	PULTE GROUP INC COM PHM	PHM	10,467	$1.4m0.36%	0.36%	Reduced -2	-2 -0.0%
77	FERRARI N V COM RACE	RACE	3,759	$1.4m0.36%	0.36%	Added +15	+15 0.4%
78	VISA INC COM CL A V	V	4,073	$1.4m0.35%	0.35%	Reduced -476	-476 -10.5%
79	FORTINET INC COM FTNT	FTNT	9,035	$1.4m0.35%	0.35%	Added +302	+302 3.5%
80	COCA COLA CO COM KO	KO	16,582	$1.3m0.34%	0.34%	Added +1.3k	+1,330 8.7%
81	HOME DEPOT INC COM HD	HD	3,744	$1.3m0.33%	0.33%	Reduced -21	-21 -0.6%
82	LULULEMON ATHLETICA INC COM LULU	LULU	11,170	$1.3m0.32%	0.32%	Added +241	+241 2.2%
83	CHUBB LIMITED COM CB	CB	3,714	$1.3m0.32%	0.32%	Added +76	+76 2.1%
84	LOCKHEED MARTIN CORP COM LMT	LMT	2,472	$1.3m0.32%	0.32%	Added +57	+57 2.4%
85	GARMIN LTD SHS GRMN	GRMN	5,176	$1.2m0.31%	0.31%	Added +105	+105 2.1%
86	BRASKEM S A SP ADR PFD A BAK	BAK	500,900	$1.2m0.31%	0.31%	Unchanged
87	SELECT SECTOR SPDR TR ENERGY XLE	XLE	22,703	$1.2m0.31%	0.31%	Added +2.0k	+1,998 9.7%
88	MONGODB INC CL A MDB	MDB	3,545	$1.2m0.30%	0.30%	New
89	SHOPIFY INC CL A SUB VTG SHS SHOP	SHOP	10,357	$1.2m0.30%	0.30%	Added +212	+212 2.1%
90	VANGUARD INDEX FDS VALUE ETF VTV	VTV	5,242	$1.1m0.29%	0.29%	Added +241	+241 4.8%
91	LEMONADE INC COM LMND	LMND	17,333	$1.1m0.29%	0.29%	Unchanged
92	EXXON MOBIL CORP COM XOM	XOM	8,193	$1.1m0.28%	0.28%	Reduced -40	-40 -0.5%
93	BANK AMERICA CORP COM BAC	BAC	19,559	$1.1m0.28%	0.28%	Added +624	+624 3.3%
94	ALPHABET INC CAP STK CL A GOOGL	GOOGL	2,968	$1.1m0.27%	0.27%	Reduced -753	-753 -20.2%
95	ALLY FINL INC COM ALLY	ALLY	23,075	$1.1m0.27%	0.27%	Added +33	+33 0.1%
96	VALARIS LTD CL A VAL	VAL	14,190	$1.0m0.26%	0.26%	Reduced -391	-391 -2.7%
97	EMCOR GROUP INC COM EME	EME	1,221	$1.0m0.26%	0.26%	Unchanged
98	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	2,121	$1.0m0.26%	0.26%	Unchanged
99	CUMMINS INC COM CMI	CMI	1,408	$1.0m0.25%	0.25%	Unchanged
100	FREEPORT-MCMORAN INC CL B FCX	FCX	15,478	$973.0k0.25%	0.25%	Reduced -589	-589 -3.7%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
MICROSTRATEGY INC MSTR	MSTR	23,155	$2.9m23.2k shares
ROOT INC ROOT	ROOT	36,048	$1.6m36.0k shares
BANCO MACRO SA BMA	BMA	9,601	$743.0k9.6k shares
BERKSHIRE HATHAWAY INC DEL BRK.A	BRK.A	1	$718.0k1 shares
SKY HARBOUR GROUP CORPORATIO SKYH	SKYH	62,785	$605.0k62.8k shares
BAYTEX ENERGY CORP BTE	BTE	76,861	$344.0k76.9k shares
ENSIGN GROUP INC ENSG	ENSG	1,006	$203.0k1.0k shares
NETFLIX INC NFLX	NFLX	2,075	$200.0k2.1k shares