BLUE SQUARE ASSET MANAGEMENT, LLC

NEW YORK, NY · CIK 1769578 · 13F filing filed 2025-05-01

SEC-registered investment adviser since 2018 · limited liability company

Assets managed$410.3m
Staff9 · 6 in investment roles
Main clients (by assets)High net worth individuals 86%, Pension plans 6%, Private funds 5%
Private funds1 (1 hedge) · $18.6m gross assets
Form ADV · 2026-07-01SEC adviser record

$185.8m reported value -7.4% vs Q4 2024

63positions

52.2%in top 10

0 new 16 added 31 reduced 7 sold out vs Q4 2024

Holdings, Q1 2025

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	GOLDMAN SACHS ETF TR ACCES TREASURY GBIL	GBIL	241,852	$24.2m13.04%	13.04%	Added +182.7k	+182,743 309.2%
2	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	33,429	$17.2m9.25%	9.25%	Added +932	+932 2.9%
3	ISHARES TR CORE S&P SCP ETF IJR	IJR	99,011	$10.4m5.57%	5.57%	Reduced -35.9k	-35,872 -26.6%
4	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	15,764	$7.4m3.98%	3.98%	Reduced -5.6k	-5,588 -26.2%
5	SCHWAB STRATEGIC TR INTL EQTY ETF SCHF	SCHF	359,037	$7.1m3.82%	3.82%	Added +10.3k	+10,318 3.0%
6	NVIDIA CORPORATION COM NVDA	NVDA	62,110	$6.7m3.62%	3.62%	Added +12.9k	+12,941 26.3%
7	INTUITIVE SURGICAL INC COM NEW ISRG	ISRG	12,954	$6.4m3.45%	3.45%	Added +2.0k	+1,963 17.9%
8	SCHWAB STRATEGIC TR US MID-CAP ETF SCHM	SCHM	239,723	$6.3m3.38%	3.38%	Reduced -91.6k	-91,561 -27.6%
9	GRAYSCALE BITCOIN TRUST ETF SHS REP COM UT GBTC	GBTC	92,800	$6.0m3.26%	3.26%	Reduced -5.1k	-5,134 -5.2%
10	AMAZON COM INC COM AMZN	AMZN	27,221	$5.2m2.79%	2.79%	Added +3.9k	+3,855 16.5%
11	APPLE INC COM AAPL	AAPL	22,838	$5.1m2.73%	2.73%	Reduced -145	-145 -0.6%
12	CROWDSTRIKE HLDGS INC CL A CRWD	CRWD	12,751	$4.5m2.42%	2.42%	Added +4.5k	+4,473 54.0%
13	ISHARES TR MSCI INDIA ETF INDA	INDA	85,293	$4.4m2.36%	2.36%	Reduced -40.6k	-40,584 -32.2%
14	AMGEN INC COM AMGN	AMGN	14,068	$4.4m2.36%	2.36%	Reduced -203	-203 -1.4%
15	ALPHABET INC CAP STK CL A GOOGL	GOOGL	27,552	$4.3m2.29%	2.29%	Added +3.6k	+3,643 15.2%
16	MICROSOFT CORP COM MSFT	MSFT	10,954	$4.1m2.21%	2.21%	Added +2.3k	+2,315 26.8%
17	TESLA INC COM TSLA	TSLA	15,493	$4.0m2.16%	2.16%	Reduced -13.1k	-13,135 -45.9%
18	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	22,067	$3.7m1.97%	1.97%	Added +106	+106 0.5%
19	SONY GROUP CORP SPONSORED ADR SONY	SONY	143,151	$3.6m1.96%	1.96%	Reduced -2.5k	-2,463 -1.7%
20	GOLDMAN SACHS GROUP INC COM GS	GS	6,564	$3.6m1.93%	1.93%	Reduced -95	-95 -1.4%
21	NETFLIX INC COM NFLX	NFLX	3,288	$3.1m1.65%	1.65%	Reduced -51	-51 -1.5%
22	BLACKROCK INC COM BLK	BLK	3,122	$3.0m1.59%	1.59%	Reduced -42	-42 -1.3%
23	ASML HOLDING N V N Y REGISTRY SHS ASML	ASML	4,379	$2.9m1.56%	1.56%	Reduced -45	-45 -1.0%
24	JPMORGAN CHASE & CO COM JPM	JPM	11,691	$2.9m1.54%	1.54%	Reduced -191	-191 -1.6%
25	UNITEDHEALTH GROUP INC COM UNH	UNH	5,191	$2.7m1.46%	1.46%	Reduced -54	-54 -1.0%
26	ING GROEP N.V. SPONSORED ADR ING	ING	126,436	$2.5m1.33%	1.33%	Reduced -1.9k	-1,933 -1.5%
27	BLACKSTONE INC COM BX	BX	17,564	$2.5m1.32%	1.32%	Reduced -106	-106 -0.6%
28	NOVARTIS AG SPONSORED ADR NVS	NVS	21,194	$2.4m1.27%	1.27%	Reduced -343	-343 -1.6%
29	EMERSON ELEC CO COM EMR	EMR	20,217	$2.2m1.19%	1.19%	Reduced -223	-223 -1.1%
30	CARRIER GLOBAL CORPORATION COM CARR	CARR	33,308	$2.1m1.14%	1.14%	Reduced -277	-277 -0.8%
31	SOUTHERN COPPER CORP COM SCCO	SCCO	21,242	$2.0m1.07%	1.07%	Reduced -17.6k	-17,645 -45.4%
32	CHIPOTLE MEXICAN GRILL INC COM CMG	CMG	39,154	$2.0m1.06%	1.06%	Added +33.9k	+33,904 645.8%
33	ISHARES TR IBONDS DEC 25 IBONDS DEC 25		43,910	$1.2m0.63%	0.63%	Reduced -934	-934 -2.1%
34	ISHARES TR IBONDS DEC 26 IBMO	IBMO	45,660	$1.2m0.63%	0.63%	Reduced -963	-963 -2.1%
35	ISHARES TR IBONDS DEC 27 IBMP	IBMP	45,999	$1.2m0.63%	0.63%	Reduced -946	-946 -2.0%
36	ISHARES TR IBONDS 27 ETF IBDS	IBDS	42,057	$1.0m0.55%	0.55%	Added +134	+134 0.3%
37	ISHARES TR IBDS DEC28 ETF IBDT	IBDT	39,751	$1.0m0.54%	0.54%	Added +154	+154 0.4%
38	ISHARES TR IBONDS DEC25 ETF IBDQ	IBDQ	39,399	$990.9k0.53%	0.53%	Added +133	+133 0.3%
39	ISHARES TR IBONDS DEC2026 IBDR	IBDR	40,901	$990.2k0.53%	0.53%	Added +131	+131 0.3%
40	ISHARES TR IBONDS DEC 29 IBDU	IBDU	41,323	$955.8k0.51%	0.51%	Added +504	+504 1.2%
41	INVESCO EXCH TRD SLF IDX FD BULSHS 2025 CB BSCP	BSCP	38,988	$806.3k0.43%	0.43%	Unchanged
42	ISHARES TR IBONDS DEC 28 IBMQ	IBMQ	30,076	$760.6k0.41%	0.41%	Reduced -947	-947 -3.0%
43	ISHARES TR IBONDS DEC 2029 IBMR	IBMR	30,209	$756.4k0.41%	0.41%	Reduced -35	-35 -0.1%
44	GRAYSCALE BITCOIN MINI TR ET SHS NEW BTC	BTC	19,230	$701.7k0.38%	0.38%	Reduced -373	-373 -1.9%
45	META PLATFORMS INC CL A META	META	910	$524.5k0.28%	0.28%	Unchanged
46	BRINKS CO COM BCO	BCO	4,581	$394.7k0.21%	0.21%	Reduced -144	-144 -3.0%
47	ALPHABET INC CAP STK CL C GOOG	GOOG	2,300	$359.3k0.19%	0.19%	Unchanged
48	VISA INC COM CL A V	V	993	$348.0k0.19%	0.19%	Unchanged
49	AMERICAN EXPRESS CO COM AXP	AXP	1,240	$333.6k0.18%	0.18%	Unchanged
50	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	620	$330.2k0.18%	0.18%	Reduced -6	-6 -1.0%
51	ELI LILLY & CO COM LLY	LLY	360	$297.3k0.16%	0.16%	Unchanged
52	HOME DEPOT INC COM HD	HD	805	$295.0k0.16%	0.16%	Unchanged
53	OLD DOMINION FREIGHT LINE IN COM ODFL	ODFL	1,736	$287.2k0.15%	0.15%	Unchanged
54	COSTCO WHSL CORP NEW COM COST	COST	297	$280.9k0.15%	0.15%	Unchanged
55	JOHNSON CTLS INTL PLC SHS JCI	JCI	3,472	$278.1k0.15%	0.15%	Reduced -150	-150 -4.1%
56	ORACLE CORP COM ORCL	ORCL	1,975	$276.1k0.15%	0.15%	Unchanged
57	PRIMERICA INC COM PRI	PRI	913	$259.8k0.14%	0.14%	Unchanged
58	BROADCOM INC COM AVGO	AVGO	1,548	$259.2k0.14%	0.14%	Unchanged
59	MERCK & CO INC COM MRK	MRK	2,793	$250.7k0.13%	0.13%	Unchanged
60	PROCTER AND GAMBLE CO COM PG	PG	1,447	$246.7k0.13%	0.13%	Reduced -10.0k	-9,964 -87.3%
61	GRAINGER W W INC COM GWW	GWW	247	$244.0k0.13%	0.13%	Unchanged
62	TELEDYNE TECHNOLOGIES INC COM TDY	TDY	464	$230.9k0.12%	0.12%	Unchanged
63	COPART INC COM CPRT	CPRT	3,664	$207.3k0.11%	0.11%	Unchanged

Sold out since Q4 2024

Security	Ticker	Shares held before	Value then
ISHARES TR IBB	IBB	20,150	$2.7m20.1k shares
ADOBE INC ADBE	ADBE	5,091	$2.3m5.1k shares
EQUINIX INC EQIX	EQIX	2,266	$2.1m2.3k shares
HONEYWELL INTL INC		8,435	$1.9m8.4k shares
MONDELEZ INTL INC MDLZ	MDLZ	21,356	$1.3m21.4k shares
ISHARES TR IVV	IVV	350	$206.0k350 shares
CDW CORP CDW	CDW	1,151	$200.3k1.2k shares