BLUE SQUARE ASSET MANAGEMENT, LLC

NEW YORK, NY · CIK 1769578 · 13F filing filed 2025-10-28

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

$229.3m reported value +7.4% vs Q2 2025

78positions

46.9%in top 10

14 new 24 added 21 reduced 3 sold out vs Q2 2025

Holdings, Q3 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	208,998	$20.9m9.13%	9.13%	Reduced -26.0k	-25,995 -11.1%
2	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	32,248	$19.7m8.61%	8.61%	Added +605	+605 1.9%
3	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	20,178	$12.1m5.28%	5.28%	Added +160	+160 0.8%
4	NVIDIA CORPORATION COM NVDA	NVDA	54,302	$10.1m4.42%	4.42%	Added +283	+283 0.5%
5	SCHWAB STRATEGIC TR INTL EQTY ETF SCHF	SCHF	363,483	$8.5m3.69%	3.69%	Added +5.9k	+5,851 1.6%
6	AMAZON COM INC COM AMZN	AMZN	34,491	$7.6m3.30%	3.30%	Added +6.4k	+6,394 22.8%
7	GRAYSCALE BITCOIN TRUST ETF SHS REP COM UT GBTC	GBTC	80,211	$7.2m3.14%	3.14%	Reduced -9.9k	-9,890 -11.0%
8	APPLE INC COM AAPL	AAPL	28,274	$7.2m3.14%	3.14%	Added +4.5k	+4,548 19.2%
9	SCHWAB STRATEGIC TR US MID-CAP ETF SCHM	SCHM	239,082	$7.1m3.09%	3.09%	Added +1.2k	+1,210 0.5%
10	ISHARES TR CORE S&P SCP ETF IJR	IJR	59,325	$7.0m3.07%	3.07%	Added +26.2k	+26,208 79.1%
11	ALPHABET INC CAP STK CL A GOOGL	GOOGL	28,555	$6.9m3.03%	3.03%	Added +43	+43 0.1%
12	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	22,770	$6.4m2.77%	2.77%	Added +44	+44 0.2%
13	ISHARES TR MSCI INDIA ETF INDA	INDA	112,409	$5.9m2.55%	2.55%	Added +36.5k	+36,479 48.0%
14	MICROSOFT CORP COM MSFT	MSFT	11,251	$5.8m2.54%	2.54%	Added +75	+75 0.7%
15	CROWDSTRIKE HLDGS INC CL A CRWD	CRWD	11,789	$5.8m2.52%	2.52%	Added +44	+44 0.4%
16	INTUITIVE SURGICAL INC COM NEW ISRG	ISRG	12,744	$5.7m2.49%	2.49%	Added +17	+17 0.1%
17	TESLA INC COM TSLA	TSLA	12,260	$5.5m2.38%	2.38%	Reduced -34	-34 -0.3%
18	GOLDMAN SACHS GROUP INC COM GS	GS	6,725	$5.4m2.34%	2.34%	Added +28	+28 0.4%
19	COINBASE GLOBAL INC COM CL A COIN	COIN	14,205	$4.8m2.09%	2.09%	Added +5.1k	+5,129 56.5%
20	SONY GROUP CORP SPONSORED ADR SONY	SONY	155,971	$4.5m1.96%	1.96%	Reduced -167	-167 -0.1%
21	ASML HOLDING N V N Y REGISTRY SHS ASML	ASML	4,633	$4.5m1.96%	1.96%	Reduced -5	-5 -0.1%
22	AMGEN INC COM AMGN	AMGN	15,353	$4.3m1.89%	1.89%	Added +44	+44 0.3%
23	NETFLIX INC COM NFLX	NFLX	3,442	$4.1m1.80%	1.80%	Added +19	+19 0.6%
24	JPMORGAN CHASE & CO COM JPM	JPM	12,471	$3.9m1.72%	1.72%	Added +43	+43 0.3%
25	BLACKROCK INC COM BLK	BLK	3,323	$3.9m1.69%	1.69%	Added +13	+13 0.4%
26	ING GROEP N.V. SPONSORED ADR ING	ING	135,071	$3.5m1.54%	1.54%	Reduced -20	-20 -0.0%
27	CARVANA CO CL A CVNA	CVNA	8,674	$3.3m1.43%	1.43%	Reduced -12.6k	-12,557 -59.1%
28	BLACKSTONE INC COM BX	BX	18,757	$3.2m1.40%	1.40%	Added +91	+91 0.5%
29	NOVARTIS AG SPONSORED ADR NVS	NVS	24,240	$3.1m1.36%	1.36%	Reduced -43	-43 -0.2%
30	SOUTHERN COPPER CORP COM SCCO	SCCO	24,957	$3.0m1.32%	1.32%	Added +155	+155 0.6%
31	EMERSON ELEC CO COM EMR	EMR	22,787	$3.0m1.30%	1.30%	Added +227	+227 1.0%
32	CARRIER GLOBAL CORPORATION COM CARR	CARR	37,490	$2.2m0.98%	0.98%	Added +343	+343 0.9%
33	ISHARES BITCOIN TRUST ETF SHS BEN INT IBIT	IBIT	21,401	$1.4m0.61%	0.61%	New
34	ISHARES TR IBONDS DEC 27 IBMP	IBMP	44,307	$1.1m0.49%	0.49%	Reduced -790	-790 -1.8%
35	ISHARES TR IBONDS DEC 26 IBMO	IBMO	43,956	$1.1m0.49%	0.49%	Reduced -794	-794 -1.8%
36	ISHARES TR IBONDS 27 ETF IBDS	IBDS	41,388	$1.0m0.44%	0.44%	Reduced -792	-792 -1.9%
37	ISHARES TR IBDS DEC28 ETF IBDT	IBDT	39,204	$1.0m0.44%	0.44%	Reduced -712	-712 -1.8%
38	ISHARES TR IBONDS DEC2026 IBDR	IBDR	40,250	$978.1k0.43%	0.43%	Reduced -770	-770 -1.9%
39	ISHARES TR IBONDS DEC 29 IBDU	IBDU	41,099	$964.6k0.42%	0.42%	Reduced -404	-404 -1.0%
40	GRAYSCALE BITCOIN MINI TR ET SHS NEW BTC	BTC	16,782	$849.7k0.37%	0.37%	Reduced -1.9k	-1,932 -10.3%
41	ISHARES TR IBONDS DEC 2030 IBDV	IBDV	37,593	$832.7k0.36%	0.36%	New
42	INVESCO EXCH TRD SLF IDX FD BULSHS 2025 CB BSCP	BSCP	38,988	$806.7k0.35%	0.35%	Unchanged
43	ISHARES TR IBONDS DEC 2029 IBMR	IBMR	28,607	$730.3k0.32%	0.32%	Reduced -689	-689 -2.4%
44	ISHARES TR IBONDS DEC 28 IBMQ	IBMQ	28,386	$727.8k0.32%	0.32%	Reduced -790	-790 -2.7%
45	META PLATFORMS INC CL A META	META	910	$668.3k0.29%	0.29%	Unchanged
46	ISHARES TR IBONDS DEC 2030 IBMS	IBMS	22,954	$598.6k0.26%	0.26%	New
47	ZETA GLOBAL HOLDINGS CORP CL A ZETA	ZETA	29,000	$576.2k0.25%	0.25%	New
48	ALPHABET INC CAP STK CL C GOOG	GOOG	2,300	$560.2k0.24%	0.24%	Unchanged
49	ORACLE CORP COM ORCL	ORCL	1,975	$555.4k0.24%	0.24%	Unchanged
50	SHIFT4 PMTS INC CL A FOUR	FOUR	7,000	$541.8k0.24%	0.24%	New
51	BRINKS CO COM BCO	BCO	4,581	$535.3k0.23%	0.23%	Unchanged
52	BROADCOM INC COM AVGO	AVGO	1,572	$518.6k0.23%	0.23%	Unchanged
53	AMERICAN EXPRESS CO COM AXP	AXP	1,240	$411.9k0.18%	0.18%	Unchanged
54	ISHARES TR IBONDS DEC 25 IBONDS DEC 25		14,994	$401.7k0.18%	0.18%	Reduced -28.1k	-28,051 -65.2%
55	JOHNSON CTLS INTL PLC SHS JCI	JCI	3,444	$378.7k0.17%	0.17%	Reduced -57	-57 -1.6%
56	VISA INC COM CL A V	V	993	$339.0k0.15%	0.15%	Unchanged
57	OSCAR HEALTH INC CL A OSCR	OSCR	17,462	$330.6k0.14%	0.14%	New
58	HOME DEPOT INC COM HD	HD	805	$326.2k0.14%	0.14%	Unchanged
59	UNITEDHEALTH GROUP INC COM UNH	UNH	937	$323.6k0.14%	0.14%	Reduced -5.5k	-5,482 -85.4%
60	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	620	$311.7k0.14%	0.14%	Unchanged
61	COSTCO WHSL CORP NEW COM COST	COST	297	$274.9k0.12%	0.12%	Unchanged
62	ELI LILLY & CO COM LLY	LLY	360	$274.7k0.12%	0.12%	Unchanged
63	TELEDYNE TECHNOLOGIES INC COM TDY	TDY	464	$271.9k0.12%	0.12%	Unchanged
64	MP MATERIALS CORP COM CL A MP	MP	3,900	$261.6k0.11%	0.11%	New
65	IREN LIMITED ORDINARY SHARES IREN	IREN	5,450	$255.8k0.11%	0.11%	New
66	PRIMERICA INC COM PRI	PRI	913	$253.4k0.11%	0.11%	Unchanged
67	GLOBAL PMTS INC COM GPN	GPN	3,000	$249.2k0.11%	0.11%	New
68	UBER TECHNOLOGIES INC COM UBER	UBER	2,500	$244.9k0.11%	0.11%	New
69	OLD DOMINION FREIGHT LINE IN COM ODFL	ODFL	1,736	$244.4k0.11%	0.11%	Unchanged
70	GRAINGER W W INC COM GWW	GWW	247	$235.4k0.10%	0.10%	Unchanged
71	MERCK & CO INC COM MRK	MRK	2,793	$234.4k0.10%	0.10%	Unchanged
72	ISHARES TR CORE S&P500 ETF IVV	IVV	350	$234.3k0.10%	0.10%	Unchanged
73	MPLX LP COM UNIT REP LTD MPLX	MPLX	4,268	$213.2k0.09%	0.09%	New
74	PROCTER AND GAMBLE CO COM PG	PG	1,381	$212.3k0.09%	0.09%	Unchanged
75	JOHNSON & JOHNSON COM JNJ	JNJ	1,127	$209.0k0.09%	0.09%	New
76	CHIPOTLE MEXICAN GRILL INC COM CMG	CMG	5,284	$207.1k0.09%	0.09%	Reduced -41.2k	-41,159 -88.6%
77	PERMA-FIX ENVIRONMENTAL SVCS COM NEW PESI	PESI	20,100	$203.0k0.09%	0.09%	New
78	NU HLDGS LTD ORD SHS CL A NU	NU	10,000	$160.1k0.07%	0.07%	New

Sold out since Q2 2025

Security	Ticker	Shares held before	Value then
ISHARES TR IBDQ	IBDQ	39,515	$995.0k39.5k shares
TIDAL TR II		16,000	$354.7k16.0k shares
CDW CORP CDW	CDW	1,151	$205.6k1.2k shares