X-Square Capital, LLC
Long book
$296.7M
Q1 2026
Positions
164
Top-10 weight
27%
concentration
Last quarter
+18.2%
SPY +14.8%
Turnover
20%
of book per quarter
Strategy in plain words
auto-generated from filingsX-Square Capital, LLC is an institutional manager, running a $296.7M US long book across 164 positions.
The portfolio is moderately concentrated (top 10 ≈ 27% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: SS SPDR S&P 500 ETF TRUST-US, IREN LTD, ADVANCED MICRO DEVICES, HIMS & HERS HEALTH INC, META PLATFORMS INC-CLASS A.
Over the last 9 quarters its long book ran on average 0.7pp per quarter ahead of the S&P 500, beating the index in 6 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+0.3%
Q2 2024
+5.3%
Q3 2024
+3.1%
Q4 2024
-4.0%
Q1 2025
+13.0%
Q2 2025
+13.2%
Q3 2025
+1.0%
Q4 2025
-3.3%
Q1 2026
+18.2%
Sector allocation
Technology 24%
Financials 19%
Industrials 14%
Consumer discretionary 14%
Healthcare 7%
Energy 6%
Services media 6%
Consumer staples 3%
Long book by quarter
What does X-Square Capital, own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| IREN IREN LTD | Financials | 310.0K | $10.6M | 3.6% | +29.2% |
| AMD ADVANCED MICRO DEVICES | Technology | 45.6K | $9.3M | 3.1% | +1.4% |
| HIMS HIMS & HERS HEALTH INC | Healthcare | 420.7K | $8.7M | 2.9% | -10.3% |
| META META PLATFORMS INC-CLASS A | Technology | 14.6K | $8.3M | 2.8% | +36.3% |
| APP APPLOVIN CORP-CLASS A | Technology | 16.8K | $6.7M | 2.3% | +536.1% |
| MU MICRON TECHNOLOGY INC | Technology | 18.9K | $6.4M | 2.2% | -26.6% |
| SU SUNCOR ENERGY INC | Energy | 88.0K | $5.8M | 2.0% | +6.1% |
| TJX TJX COMPANIES INC | Consumer discretionary | 32.9K | $5.3M | 1.8% | +2.0% |
| NU NU HOLDINGS LTD/CAYMAN ISL-A | Financials | 360.5K | $5.2M | 1.7% | New |
| MELI MERCADOLIBRE INC | Services media | 2.9K | $5.1M | 1.7% | -23.6% |
| NVDA NVIDIA CORP | Technology | 27.8K | $4.8M | 1.6% | +0.2% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 9.9K | $4.7M | 1.6% | -2.2% |
| XPO XPO INC | Industrials | 23.5K | $4.6M | 1.5% | +1.9% |
| AMZN AMAZON.COM INC | Consumer discretionary | 21.7K | $4.5M | 1.5% | +3.0% |
| ASTS AST SPACEMOBILE INC | Communications | 51.8K | $4.3M | 1.4% | -69.6% |
| DUOL DUOLINGO | Technology | 43.2K | $4.3M | 1.4% | +82.3% |
| GD GENERAL DYNAMICS CORP | Industrials | 11.3K | $3.9M | 1.3% | +0.9% |
| ORCL ORACLE CORP | Technology | 25.2K | $3.7M | 1.2% | +90.4% |
| AMGN AMGEN INC | Healthcare | 10.5K | $3.7M | 1.2% | -27.0% |
| URI UNITED RENTALS INC | Services media | 5.1K | $3.7M | 1.2% | +0.2% |
| JPM JPMORGAN CHASE & CO | Financials | 12.3K | $3.6M | 1.2% | -43.8% |
| GOOG ALPHABET INC-CL C | Technology | 11.7K | $3.4M | 1.1% | -0.6% |
| ABBV ABBVIE INC | Healthcare | 14.2K | $3.1M | 1.0% | -7.7% |
| BKNG BOOKING HOLDINGS INC | Industrials | 724 | $3.0M | 1.0% | +66.4% |
| GNRC GENERAC HOLDINGS INC | Industrials | 15.5K | $3.0M | 1.0% | +3.9% |
| AAPL APPLE INC | Technology | 11.8K | $3.0M | 1.0% | -3.9% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 18.1K | $3.0M | 1.0% | +0.5% |
| MSTR STRATEGY INC | Financials | 23.2K | $2.9M | 1.0% | -17.8% |
| EXPE EXPEDIA GROUP INC | Industrials | 12.2K | $2.8M | 0.9% | +5.5% |
| CIFR CIPHER DIGITAL INC | Financials | 218.0K | $2.8M | 0.9% | +114.8% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 2.7K | $2.7M | 0.9% | +2.9% |
| TDG TRANSDIGM GROUP INC | Industrials | 2.2K | $2.6M | 0.9% | +3.2% |
| CPRT COPART INC | Consumer discretionary | 77.7K | $2.6M | 0.9% | -14.5% |
| TSLA TESLA INC | Industrials | 6.9K | $2.6M | 0.9% | +0.9% |
| WMT WALMART INC | Consumer discretionary | 20.1K | $2.5M | 0.8% | -44.4% |
| MSFT MICROSOFT CORP | Technology | 6.5K | $2.4M | 0.8% | +5.8% |
| NOC NORTHROP GRUMMAN CORP | Technology | 3.4K | $2.4M | 0.8% | +3.2% |
| OXY OCCIDENTAL PETROLEUM CORP | Energy | 34.7K | $2.3M | 0.8% | +0.2% |
| TPL TEXAS PACIFIC LAND CORP | Financials | 4.6K | $2.2M | 0.7% | -0.8% |
| ROST ROSS STORES INC | Consumer discretionary | 9.8K | $2.1M | 0.7% | New |
| ORLY O'REILLY AUTOMOTIVE INC | Consumer discretionary | 23.0K | $2.1M | 0.7% | +4.5% |
| PEP PEPSICO INC | Consumer staples | 13.0K | $2.0M | 0.7% | +7.3% |
| OFG OFG BANCORP | Financials | 49.3K | $2.0M | 0.7% | +2.9% |
| FBP FIRST BANCORP PUERTO RICO | Financials | 92.1K | $2.0M | 0.7% | -2.1% |
| CROX CROCS INC | Other | 23.7K | $2.0M | 0.7% | +4.8% |
| RTX RTX CORP | Industrials | 10.2K | $2.0M | 0.7% | +0.5% |
| FIX COMFORT SYSTEMS USA INC | Industrials | 1.4K | $1.9M | 0.7% | Held |
| DG DOLLAR GENERAL CORP | Consumer discretionary | 16.2K | $1.9M | 0.6% | +0.3% |
| BJ BJ'S WHOLESALE CLUB HOLDINGS | Consumer discretionary | 19.2K | $1.9M | 0.6% | +1.5% |
| MO ALTRIA GROUP INC | Consumer staples | 28.7K | $1.9M | 0.6% | +2.3% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 172 | $296.7M | $K fixed canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 11, 2026 | 176 | $305.2M | $K fixed canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 10, 2025 | 177 | $320.2M | $K fixed canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 5, 2025 | 177 | $275.5M | $K fixed canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 9, 2025 | 170 | $232.6M | $K fixed canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 12, 2025 | 179 | $243.3M | $K fixed canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 22, 2024 | 177 | $227.6M | $K fixed canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 6, 2024 | 171 | $215.7M | $K fixed canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 169 | $211.0M | $K fixed canonical | SEC ↗ |
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