X-Square Capital, LLC 13F Filings Tracker & Analysis

CIK: 0001729300

Diversified strategyMomentum followerQuality / disciplined sizing

Total reported value

$296.7M

Reporting period: 2026-03-31 · Number of holdings: 172

X-Square Capital, LLC disclosed 172 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $296.7M and a quarterly turnover rate of 33.8%.

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Personality snowflake

Concentration: 5.49
Portfolio Stability: 33.82
Momentum/Contrarian: 100
Sector conviction: 43.85
Diversification: 100
Sizing Uniformity: 88.77

X-Square Capital, LLC's disclosed holdings carry a Herfindahl concentration index of 0.014 — mathematically equivalent to about 73 equally-sized positions, well below its 172 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.

Position sizes are fairly uniform across the portfolio (a coefficient of variation of 1.12), suggesting a disciplined, rules-based approach to how much capital goes into each idea.

No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.

Recent moves

Trim ASTS
-69.6%　-$8.1M
Trim HIMS
-10.3%　-$6.5M
Add APP
+536.0%　$4.9M
Trim ROOT
-53.2%　-$4.0M
Trim JPM
-43.8%　-$3.4M
Trim MELI
-23.6%　-$2.7M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

Showing top 164 holdings (of 172 total)

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	SPY	Ss Spdr S&p 500 ETF Trust-us	ETF-Large Cap & Growth	4.42%	+0.52%	+15.76%
2	IREN	Iren LTD F	Stock-Other	3.58%	+0.61%	+29.16%
3	AMD	Advanced Micro Devices	Stock-Tech	3.13%	—	+1.42%
4	HIMS	Hims & Hers Health INC	Stock-Healthcare	2.94%	-2.05%	-10.29%
5	META	Meta Platforms Inc-class A	Stock-Comm Services	2.81%	+0.49%	+36.30%
6	APP	Applovin Corp-class A	Stock-Tech	2.25%	+1.67%	+536.05%
7	MU	Micron Technology INC	Stock-Tech	2.15%	-0.26%	-26.61%
8	SU	Suncor Energy INC	Stock-Energy	1.96%	+0.75%	+6.12%
9	TJX	Tjx Companies INC	Stock-Consumer Disc	1.77%	—	+2.00%
10	NU	Nu Holdings Ltd.	Stock-Financials	1.75%	+1.75%	NEW
11	MELI	Mercadolibre INC	Stock-Consumer Disc	1.71%	-0.82%	-23.55%
12	NVDA	Nvidia CORP	Stock-Tech	1.63%	—	+0.24%
13	BRK-B	Berkshire Hathaway Inc-cl B	Stock-Other	1.60%	—	-2.19%
14	XPO	Xpo INC	Stock-Industrials	1.54%	+0.51%	+1.92%
15	AMZN	Amazon.com INC	Stock-Consumer Disc	1.52%	—	+3.00%
16	ASTS	Ast Spacemobile INC	Stock-Tech	1.45%	-2.60%	-69.59%
17	DUOL	Duolingo	Stock-Tech	1.43%	—	+82.33%
18	GD	General Dynamics CORP	Stock-Industrials	1.31%	—	+0.86%
19	ORCL	Oracle CORP	Stock-Tech	1.25%	+0.41%	+90.36%
20	AMGN	Amgen INC	Stock-Healthcare	1.25%	-0.29%	-26.98%
21	URI	United Rentals INC	Stock-Industrials	1.24%	—	+0.24%
22	JPM	Jpmorgan Chase & Co	Stock-Financials	1.22%	-1.08%	-43.76%
23	IBIT	Ishares Bitcoin Trust ETF	ETF-Crypto	1.20%	-0.31%	-0.16%
24	GOOG	Alphabet Inc-cl C	Stock-Comm Services	1.13%	—	-0.55%
25	ABBV	Abbvie INC	Stock-Healthcare	1.04%	—	-7.75%
26	BKNG	Booking Holdings INC	Stock-Consumer Disc	1.03%	+0.27%	+66.44%
27	GNRC	Generac Holdings INC	Stock-Industrials	1.02%	+0.35%	+3.91%
28	AAPL	Apple INC	Stock-Tech	1.01%	—	-3.87%
29	PM	Philip Morris International	Stock-Consumer Staples	1.01%	—	+0.49%
30	MSTR	Strategy INC	Stock-Tech	0.97%	-0.43%	-17.76%
31	EXPE	Expedia Group INC	Stock-Consumer Disc	0.95%	-0.12%	+5.45%
32	CIFR	Cipher Digital INC	Stock-Tech	0.95%	+0.46%	+114.78%
33	VALE	Vale Sa-sp Adr	Stock-Materials	0.92%	+0.24%	+7.82%
34	COST	Costco Wholesale CORP	Stock-Consumer Staples	0.90%	—	+2.91%
35	TDG	Transdigm Group INC	Stock-Industrials	0.87%	—	+3.24%
36	CPRT	Copart INC	Stock-Industrials	0.87%	-0.30%	-14.45%
37	TSLA	Tesla INC	Stock-Consumer Disc	0.86%	-0.15%	+0.88%
38	WMT	Walmart INC	Stock-Consumer Staples	0.84%	-0.48%	-44.37%
39	MSFT	Microsoft CORP	Stock-Tech	0.81%	-0.16%	+5.82%
40	NOC	Northrop Grumman CORP	Stock-Industrials	0.79%	—	+3.17%
41	OXY	Occidental Petroleum CORP	Stock-Energy	0.76%	+0.29%	+0.20%
42	TPL	Texas Pacific Land CORP	Stock-Energy	0.73%	+0.30%	-0.83%
43	ZTAX	X-square Municipal INC ETF	ETF-Other	0.73%	—	+5.54%
44	ROST	Ross Stores INC	Stock-Consumer Disc	0.72%	+0.72%	NEW
45	ORLY	O'reilly Automotive INC	Stock-Consumer Disc	0.71%	—	+4.50%
46	QQQ	Invesco Qqq Trust Series 1	ETF-Tech	0.69%	—	+14.47%
47	PEP	Pepsico INC	Stock-Consumer Staples	0.68%	—	+7.28%
48	OFG	Ofg Bancorp	Stock-Other	0.67%	—	+2.90%
49	FBP	First Bancorp Puerto Rico	Stock-Other	0.66%	—	-2.13%
50	CROX	Crocs INC	Stock-Consumer Disc	0.66%	—	+4.80%

1–50 of 164

Portfolio Performance

Performance for Q3 2026

+6.6%

Performance Last 4 Quarters

+28%

Based on 72% of reported portfolio value with available pricing

Stdev: +17.7%
Beta: +1.15
Alpha: -0.8%
Max Drawdown: -11.4%
Annualized Perf: +20.8%
Batting Avg vs S&P: +47.2%
Sortino: +2.52
Stutzer: +0.35
Treynor: +0.18
Sterling: +1.09
Calmar: +1.82
Information Ratio: +0.22
Tracking Error: +9.4%
Stdev Down: +8.1%
Winning Months %: +61.1%
Losing Months %: +38.9%
Best 12 Months: +46.6%
Worst 12 Months: -0.7%
Efficiency Ratio: +0.5
Sharpe: +1.16
Stdev Sectors: +6.8%
Skewness: +0.39
Kurtosis: -0.57
Upside Potential: +4.38

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	172	$296.7M	34	1SPY 2IREN 3AMD Top holdings2026-03-31 1.SPY 2.IREN 3.AMD 4.HIMS 5.META 6.APP 7.MU 8.SU 9.TJX 10.NU
2025-12-31	176	$305.2M	36	1HIMS 2ASTS 3SPY Top holdings2025-12-31 1.HIMS 2.ASTS 3.SPY 4.AMD 5.IREN 6.MELI 7.MU 8.META 9.JPM 10.ROOT
2025-09-30	177	$320.2M	49	1HIMS 2LMND 3ASTS Top holdings2025-09-30 1.HIMS 2.LMND 3.ASTS 4.SPY 5.AMD 6.IBIT 7.META 8.OFG 9.JPM 10.MU
2025-06-30	177	$278.1M	0	1HIMS 2SPY 3MSTR Top holdings2025-06-30 1.HIMS 2.SPY 3.MSTR 4.IBIT 5.META 6.OFG 7.JPM 8.IREN 9.FBP 10.BRK-B
2025-03-31	170	$232.6M	100	1IBIT 2SPY 3OFG Top holdings2025-03-31 1.IBIT 2.SPY 3.OFG 4.META 5.BRK-B 6.FBP 7.JPM 8.COST 9.HIMS 10.AMGN
2024-12-31	179	$243.3M	0	1IBIT 2SPY 3META Top holdings2024-12-31 1.IBIT 2.SPY 3.META 4.OFG 5.JPM 6.COST 7.BRK-B 8.MELI 9.FBP 10.TSLA
2024-09-30	177	$227.6M	0	1IBIT 2SPY 3FBP Top holdings2024-09-30 1.IBIT 2.SPY 3.FBP 4.OFG 5.META 6.AMD 7.BRK-B 8.COST 9.JPM 10.AMGN
2024-06-30	171	$215.7M	0	1IBIT 2FBP 3OFG Top holdings2024-06-30 1.IBIT 2.FBP 3.OFG 4.SPY 5.NVDA 6.META 7.AMD 8.MU 9.COST 10.JPM
2024-03-31	169	$211.0M	0	1IBIT 2SPY 3BPOP Top holdings2024-03-31 1.IBIT 2.SPY 3.BPOP 4.AMD 5.META 6.MU 7.BRK-B 8.FBP 9.OFG 10.JPM
2023-12-31	168	$181.2M	0	1BPOP 2SPY 3FBP Top holdings2023-12-31 1.BPOP 2.SPY 3.FBP 4.NFE 5.META 6.MU 7.GD 8.JPM 9.CPRT 10.GOOG
2023-09-30	156	$148.8M	0	1XLE 2FBP 3BPOP Top holdings2023-09-30 1.XLE 2.FBP 3.BPOP 4.META 5.OFG 6.CPRT 7.URI 8.MU 9.BRK-B 10.GD
2023-06-30	156	$148.8M	0	1XLE 2FBP 3BPOP Top holdings2023-06-30 1.XLE 2.FBP 3.BPOP 4.META 5.OFG 6.CPRT 7.URI 8.MU 9.BRK-B 10.GD
2023-03-31	171	$169.5M	0	1BPOP 2XLE 3BTU Top holdings2023-03-31 1.BPOP 2.XLE 3.BTU 4.FBP 5.OFG 6.OIH 7.GD 8.META 9.MU 10.BRK-B
2022-12-31	168	$175.6M	0	1XLE 2BPOP 3FBP Top holdings2022-12-31 1.XLE 2.BPOP 3.FBP 4.OFG 5.GD 6.OIH 7.BTU 8.TUSK 9.PM 10.BRK-B
2022-09-30	163	$157.4M	0	1BPOP 2FBP 3BTU Top holdings2022-09-30 1.BPOP 2.FBP 3.BTU 4.OFG 5.GD 6.TELLEUR 7.MU 8.BRK-B 9.OIH 10.PM
2022-06-30	170	$166.2M	0	1BPOP 2FBP 3ERX Top holdings2022-06-30 1.BPOP 2.FBP 3.ERX 4.TELLEUR 5.OFG 6.GD 7.BTU 8.MU 9.PM 10.OIH
2022-03-31	169	$192.4M	0	1XLE 2TELLEUR 3MU Top holdings2022-03-31 1.XLE 2.TELLEUR 3.MU 4.FBP 5.META 6.BPOP 7.GD 8.OFG 9.BRK-B 10.OIH
2021-12-31	167	$199.0M	0	1META 2FBP 3MU Top holdings2021-12-31 1.META 2.FBP 3.MU 4.BPOP 5.OFG 6.CPRT 7.ERX 8.FANG 9.JPM 10.GD
2021-09-30	170	$193.4M	0	1META 2ERX 3OFG Top holdings2021-09-30 1.META 2.ERX 3.OFG 4.FBP 5.BPOP 6.MU 7.CPRT 8.JPM 9.FANG 10.PYPL
2021-06-30	151	$210.6M	100	1OFG 2FBP 3BPOP Top holdings2021-06-30 1.OFG 2.FBP 3.BPOP 4.ERX 5.META 6.MU 7.NIO 8.8LP1 9.FAS 10.CPRT
2021-03-31	134	$216.4M	28	1OFG 2FBP 3BPOP Top holdings2021-03-31 1.OFG 2.FBP 3.BPOP 4.MU 5.AGO 6.META 7.FAS 8.NIO 9.BHC 10.ERX
2020-12-31	129	$185.3M	50	1OFG 2FBP 3BPOP Top holdings2020-12-31 1.OFG 2.FBP 3.BPOP 4.MU 5.NIO 6.META 7.CPRT 8.AGO 9.BABA 10.PYPL
2020-09-30	119	$138.8M	43	1OFG 2FBP 3BPOP Top holdings2020-09-30 1.OFG 2.FBP 3.BPOP 4.META 5.EVTC 6.MU 7.UGA 8.AGG 9.GDX 10.CPRT
2020-06-30	113	$140.8M	58	1OFG 2FBP 3BPOP Top holdings2020-06-30 1.OFG 2.FBP 3.BPOP 4.UGA 5.META 6.EVTC 7.MU 8.128246 9.GDX 10.SKAA
2020-03-31	90	$100.3M	74	1OFG 2FBP 3BPOP Top holdings2020-03-31 1.OFG 2.FBP 3.BPOP 4.META 5.128246 6.AGO 7.MU 8.T 9.PM 10.BHC
2019-12-31	90	$169.9M	23	1OFG 2AGO 3FBP Top holdings2019-12-31 1.OFG 2.AGO 3.FBP 4.META 5.BABA 6.VIPS 7.AAPL 8.BRK-B 9.T 10.MBI
2019-09-30	87	$158.7M	19	1OFG 2AGO 3FBP Top holdings2019-09-30 1.OFG 2.AGO 3.FBP 4.BPOP 5.META 6.AAPL 7.BABA 8.MU 9.MBI 10.BRK-B
2019-06-30	107	$156.9M	42	1OFG 2AGO 3FBP Top holdings2019-06-30 1.OFG 2.AGO 3.FBP 4.META 5.AAPL 6.BABA 7.BRK-B 8.MBI 9.AMD 10.MU
2019-03-31	110	$145.9M	31	1OFG 2AGO 3BPOP Top holdings2019-03-31 1.OFG 2.AGO 3.BPOP 4.ARRYEUR 5.BRK-B 6.MU 7.AAPL 8.MBI 9.META 10.AMD
2018-12-31	116	$127.4M	36	1OFG 2AGO 3BPOP Top holdings2018-12-31 1.OFG 2.AGO 3.BPOP 4.BRK-B 5.MBI 6.AAPL 7.OSG 8.128246 9.ARRYEUR 10.MU
2018-09-30	119	$151.0M	30	1OFG 2AGO 3MBI Top holdings2018-09-30 1.OFG 2.AGO 3.MBI 4.OSG 5.AMD 6.SIENUSD 7.BRK-B 8.AMZN 9.MU 10.AAPL
2018-06-30	115	$133.5M	47	1AGO 2OFG 3MBI Top holdings2018-06-30 1.AGO 2.OFG 3.MBI 4.OSG 5.BPOP 6.AMZN 7.AMD 8.MU 9.SIENUSD 10.BRK-B
2018-03-31	114	$94.8M	29	1AGO 2MBI 3OSG Top holdings2018-03-31 1.AGO 2.MBI 3.OSG 4.MU 5.OFG 6.AMZN 7.BRK-B 8.VIPS 9.128246 10.AMD
2017-12-31	122	$95.1M	0	1AGO 2MBI 3OFG Top holdings2017-12-31 1.AGO 2.MBI 3.OFG 4.OSG 5.BRK-B 6.MU 7.AMZN 8.AAPL 9.OPK 10.AMD

Holding changes this quarter

X-Square Capital, LLC's most significant position changes for 2026-03-31: New buy: Nu Holdings Ltd. (NU); Sold out: Ondas INC (ONDS); Sold out: Dire Dail Hb & Sb 3x Etf-usd (NAIL); New buy: Ross Stores INC (ROST); Sold out: Intuitive Machines INC (LUNR).

Position changes disclosed by X-Square Capital, LLC for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	APP	Applovin Corp-class A	+1.7%	+536.05%	Add
2	SU	Suncor Energy INC	+0.8%	+6.12%	Add
3	IREN	Iren LTD F	+0.6%	+29.16%	Add
4	SPY	Ss Spdr S&p 500 ETF Trust-us	+0.5%	+15.76%	Add
5	XPO	Xpo INC	+0.5%	+1.92%	Add
6	META	Meta Platforms Inc-class A	+0.5%	+36.30%	Add
7	CIFR	Cipher Digital INC	+0.5%	+114.78%	Add
8	BAK	Braskem Sa-class A- Adr	+0.4%	+170.76%	Add
9	ORCL	Oracle CORP	+0.4%	+90.36%	Add
10	GNRC	Generac Holdings INC	+0.4%	+3.91%	Add
11	TPL	Texas Pacific Land CORP	+0.3%	-0.83%	Trim
12	OXY	Occidental Petroleum CORP	+0.3%	+0.20%	Add
13	BKNG	Booking Holdings INC	+0.3%	+66.44%	Add
14	VAL	Valaris Limited	+0.2%	+2.29%	Add
15	VALE	Vale Sa-sp Adr	+0.2%	+7.82%	Add
16	FIX	Comfort Systems USA INC	+0.2%	—	Unchanged
17	AMR	Alpha Metallurgical Resource	+0.2%	+117.13%	Add
18	XOM	Exxon Mobil CORP	+0.2%	+27.19%	Add
19	EXPE	Expedia Group INC	-0.1%	+5.45%	Add
20	TSLA	Tesla INC	-0.2%	+0.88%	Add
21	BORR	Borr Drilling Limited	-0.2%	-57.49%	Trim
22	MSFT	Microsoft CORP	-0.2%	+5.82%	Add
23	PYPL	Paypal Holdings INC	-0.2%	+0.43%	Add
24	LULU	Lululemon Athletica INC	-0.2%	+0.72%	Add
25	BTE	Baytex Energy CORP	-0.2%	-74.01%	Trim
26	MU	Micron Technology INC	-0.3%	-26.61%	Trim
27	RACE	Ferrari N.V.	-0.3%	-35.31%	Trim
28	AMGN	Amgen INC	-0.3%	-26.98%	Trim
29	CPRT	Copart INC	-0.3%	-14.45%	Trim
30	IBIT	Ishares Bitcoin Trust ETF	-0.3%	-0.16%	Trim
31	OIH	Vaneck Oil Services ETF	-0.3%	-80.65%	Trim
32	MSTR	Strategy INC	-0.4%	-17.76%	Trim
33	WMT	Walmart INC	-0.5%	-44.37%	Trim
34	MELI	Mercadolibre INC	-0.8%	-23.55%	Trim
35	JPM	Jpmorgan Chase & Co	-1.1%	-43.76%	Trim
36	ROOT	Root Inc/oh -class A	-1.3%	-53.24%	Trim
37	HIMS	Hims & Hers Health INC	-2.1%	-10.29%	Trim
38	ASTS	Ast Spacemobile INC	-2.6%	-69.59%	Trim
39	NU	Nu Holdings Ltd.	—	NEW	New buy
40	ONDS	Ondas INC	—	EXIT	Sold out
41	NAIL	Dire Dail Hb & Sb 3x Etf-usd	—	EXIT	Sold out
42	ROST	Ross Stores INC	—	NEW	New buy
43	LUNR	Intuitive Machines INC	—	EXIT	Sold out
44	BTU	Peabody Energy CORP	—	NEW	New buy
45	ASST	Strive Inc-a	—	NEW	New buy
46	URA	Global X Uranium ETF	—	NEW	New buy
47	MOS	Mosaic Co/the	—	NEW	New buy
48	SSL	Sasol Ltd-sponsored Adr	—	NEW	New buy
49	LYB	LyondellBasell Industries N.V.	—	NEW	New buy
50	HCC	Warrior Met Coal INC	—	EXIT	Sold out

Filing History

Period	Filed	Type	EDGAR
2026-03-31	2026-05-15	13F-HR	View on EDGAR
2025-12-31	2026-02-11	13F-HR	View on EDGAR
2025-09-30	2025-11-10	13F-HR	View on EDGAR
2025-06-30	2025-08-05	13F-HR	View on EDGAR
2025-03-31	2025-05-09	13F-HR	View on EDGAR
2024-12-31	2025-02-12	13F-HR	View on EDGAR
2024-09-30	2024-10-22	13F-HR	View on EDGAR
2024-06-30	2024-08-06	13F-HR	View on EDGAR
2024-03-31	2024-05-14	13F-HR	View on EDGAR
2023-12-31	2024-02-09	13F-HR	View on EDGAR
2023-09-30	2023-11-13	13F-HR	View on EDGAR
2023-06-30	2023-08-14	13F-HR	View on EDGAR
2023-03-31	2023-05-11	13F-HR	View on EDGAR
2022-12-31	2023-02-02	13F-HR	View on EDGAR
2022-09-30	2022-11-04	13F-HR	View on EDGAR
2022-06-30	2022-08-05	13F-HR	View on EDGAR
2022-03-31	2022-05-12	13F-HR	View on EDGAR
2021-12-31	2022-02-14	13F-HR	View on EDGAR
2021-09-30	2021-11-12	13F-HR	View on EDGAR
2021-06-30	2021-08-16	13F-HR	View on EDGAR
2021-03-31	2021-05-13	13F-HR	View on EDGAR
2020-12-31	2021-02-12	13F-HR	View on EDGAR
2020-09-30	2020-11-02	13F-HR	View on EDGAR
2020-06-30	2020-08-13	13F-HR	View on EDGAR
2020-03-31	2020-05-19	13F-HR	View on EDGAR
2019-12-31	2020-02-12	13F-HR	View on EDGAR
2019-09-30	2019-11-14	13F-HR	View on EDGAR
2019-06-30	2019-08-14	13F-HR	View on EDGAR
2019-03-31	2019-05-15	13F-HR	View on EDGAR
2018-12-31	2019-02-14	13F-HR	View on EDGAR
2018-09-30	2018-11-13	13F-HR	View on EDGAR
2018-06-30	2018-08-13	13F-HR	View on EDGAR
2018-03-31	2018-05-11	13F-HR	View on EDGAR
2017-12-31	2018-02-12	13F-HR	View on EDGAR

FAQ

What is X-Square Capital, LLC and what type of investor is it?

X-Square Capital, LLC is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $296.7M, spread across 172 disclosed positions.

What are X-Square Capital, LLC's largest equity positions?

Based on the latest 13F filing, X-Square Capital, LLC's top holdings by market value are: 1. Ss Spdr S&p 500 ETF Trust-us (SPY) — $13.1M (4.4%) 2. Iren LTD F (IREN) — $10.6M (3.6%) 3. Advanced Micro Devices (AMD) — $9.3M (3.1%) 4. Hims & Hers Health INC (HIMS) — $8.7M (2.9%) 5. Meta Platforms Inc-class A (META) — $8.3M (2.8%)

What changes did X-Square Capital, LLC make in its most recent portfolio filing?

In the latest reported quarter, X-Square Capital, LLC made 49 notable position adjustments: 8 new positions were initiated, 21 existing holdings were added to, 16 positions were partially reduced, and 4 were completely exited. The largest of these moves: New buy: Nu Holdings Ltd. (NU); Sold out: Ondas INC (ONDS); Sold out: Dire Dail Hb & Sb 3x Etf-usd (NAIL); New buy: Ross Stores INC (ROST); Sold out: Intuitive Machines INC (LUNR)

What sectors does X-Square Capital, LLC focus on?

X-Square Capital, LLC is concentrated in the following sectors based on its current disclosed equity portfolio: • Information Technology: 24.3% • Consumer Discretionary: 17.9% • Industrials: 14.0% • Financials: 10.8% • Health Care: 8.7% • Energy: 8.0%

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2 of the top 5 holdings overlap, including Ss Spdr S&p 500 ETF Trust-us

View detail

Wolverine Trading, LLC

CIK 0000927337

Total reported value

$138.7B

5,565 stks

2025-09-30

Stale — no recent filing

Concentration12.8

Portfolio Stability50.6

Sector conviction73.9

2 of the top 5 holdings overlap, including Ss Spdr S&p 500 ETF Trust-us

View detail

Cantor Fitzgerald, L. P.

CIK 0001024896

Total reported value

$6.8B

270 stks

2026-03-31

Concentration53.1

Portfolio Stability88.9

Sector conviction100.0

2 of the top 5 holdings overlap, including Ss Spdr S&p 500 ETF Trust-us

View detail

X-Square Capital, LLC 13F Filings Tracker & Analysis

CIK: 0001729300

Diversified strategyMomentum followerQuality / disciplined sizing

Total reported value

$296.7M

Reporting period: 2026-03-31 · Number of holdings: 172

X-Square Capital, LLC disclosed 172 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $296.7M and a quarterly turnover rate of 33.8%.

Browse other institutions with $100M to $1B AUM Browse other institutions starting with "X"

Personality snowflake

Concentration: 5.49
Portfolio Stability: 33.82
Momentum/Contrarian: 100
Sector conviction: 43.85
Diversification: 100
Sizing Uniformity: 88.77

Position sizes are fairly uniform across the portfolio (a coefficient of variation of 1.12), suggesting a disciplined, rules-based approach to how much capital goes into each idea.

No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.

Recent moves

Trim ASTS
-69.6%　-$8.1M
Trim HIMS
-10.3%　-$6.5M
Add APP
+536.0%　$4.9M
Trim ROOT
-53.2%　-$4.0M
Trim JPM
-43.8%　-$3.4M
Trim MELI
-23.6%　-$2.7M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

Showing top 164 holdings (of 172 total)

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	SPY	Ss Spdr S&p 500 ETF Trust-us	ETF-Large Cap & Growth	4.42%	+0.52%	+15.76%
2	IREN	Iren LTD F	Stock-Other	3.58%	+0.61%	+29.16%
3	AMD	Advanced Micro Devices	Stock-Tech	3.13%	—	+1.42%
4	HIMS	Hims & Hers Health INC	Stock-Healthcare	2.94%	-2.05%	-10.29%
5	META	Meta Platforms Inc-class A	Stock-Comm Services	2.81%	+0.49%	+36.30%
6	APP	Applovin Corp-class A	Stock-Tech	2.25%	+1.67%	+536.05%
7	MU	Micron Technology INC	Stock-Tech	2.15%	-0.26%	-26.61%
8	SU	Suncor Energy INC	Stock-Energy	1.96%	+0.75%	+6.12%
9	TJX	Tjx Companies INC	Stock-Consumer Disc	1.77%	—	+2.00%
10	NU	Nu Holdings Ltd.	Stock-Financials	1.75%	+1.75%	NEW
11	MELI	Mercadolibre INC	Stock-Consumer Disc	1.71%	-0.82%	-23.55%
12	NVDA	Nvidia CORP	Stock-Tech	1.63%	—	+0.24%
13	BRK-B	Berkshire Hathaway Inc-cl B	Stock-Other	1.60%	—	-2.19%
14	XPO	Xpo INC	Stock-Industrials	1.54%	+0.51%	+1.92%
15	AMZN	Amazon.com INC	Stock-Consumer Disc	1.52%	—	+3.00%
16	ASTS	Ast Spacemobile INC	Stock-Tech	1.45%	-2.60%	-69.59%
17	DUOL	Duolingo	Stock-Tech	1.43%	—	+82.33%
18	GD	General Dynamics CORP	Stock-Industrials	1.31%	—	+0.86%
19	ORCL	Oracle CORP	Stock-Tech	1.25%	+0.41%	+90.36%
20	AMGN	Amgen INC	Stock-Healthcare	1.25%	-0.29%	-26.98%
21	URI	United Rentals INC	Stock-Industrials	1.24%	—	+0.24%
22	JPM	Jpmorgan Chase & Co	Stock-Financials	1.22%	-1.08%	-43.76%
23	IBIT	Ishares Bitcoin Trust ETF	ETF-Crypto	1.20%	-0.31%	-0.16%
24	GOOG	Alphabet Inc-cl C	Stock-Comm Services	1.13%	—	-0.55%
25	ABBV	Abbvie INC	Stock-Healthcare	1.04%	—	-7.75%
26	BKNG	Booking Holdings INC	Stock-Consumer Disc	1.03%	+0.27%	+66.44%
27	GNRC	Generac Holdings INC	Stock-Industrials	1.02%	+0.35%	+3.91%
28	AAPL	Apple INC	Stock-Tech	1.01%	—	-3.87%
29	PM	Philip Morris International	Stock-Consumer Staples	1.01%	—	+0.49%
30	MSTR	Strategy INC	Stock-Tech	0.97%	-0.43%	-17.76%
31	EXPE	Expedia Group INC	Stock-Consumer Disc	0.95%	-0.12%	+5.45%
32	CIFR	Cipher Digital INC	Stock-Tech	0.95%	+0.46%	+114.78%
33	VALE	Vale Sa-sp Adr	Stock-Materials	0.92%	+0.24%	+7.82%
34	COST	Costco Wholesale CORP	Stock-Consumer Staples	0.90%	—	+2.91%
35	TDG	Transdigm Group INC	Stock-Industrials	0.87%	—	+3.24%
36	CPRT	Copart INC	Stock-Industrials	0.87%	-0.30%	-14.45%
37	TSLA	Tesla INC	Stock-Consumer Disc	0.86%	-0.15%	+0.88%
38	WMT	Walmart INC	Stock-Consumer Staples	0.84%	-0.48%	-44.37%
39	MSFT	Microsoft CORP	Stock-Tech	0.81%	-0.16%	+5.82%
40	NOC	Northrop Grumman CORP	Stock-Industrials	0.79%	—	+3.17%
41	OXY	Occidental Petroleum CORP	Stock-Energy	0.76%	+0.29%	+0.20%
42	TPL	Texas Pacific Land CORP	Stock-Energy	0.73%	+0.30%	-0.83%
43	ZTAX	X-square Municipal INC ETF	ETF-Other	0.73%	—	+5.54%
44	ROST	Ross Stores INC	Stock-Consumer Disc	0.72%	+0.72%	NEW
45	ORLY	O'reilly Automotive INC	Stock-Consumer Disc	0.71%	—	+4.50%
46	QQQ	Invesco Qqq Trust Series 1	ETF-Tech	0.69%	—	+14.47%
47	PEP	Pepsico INC	Stock-Consumer Staples	0.68%	—	+7.28%
48	OFG	Ofg Bancorp	Stock-Other	0.67%	—	+2.90%
49	FBP	First Bancorp Puerto Rico	Stock-Other	0.66%	—	-2.13%
50	CROX	Crocs INC	Stock-Consumer Disc	0.66%	—	+4.80%

1–50 of 164

Portfolio Performance

Performance for Q3 2026

+6.6%

Performance Last 4 Quarters

+28%

Based on 72% of reported portfolio value with available pricing

Stdev: +17.7%
Beta: +1.15
Alpha: -0.8%
Max Drawdown: -11.4%
Annualized Perf: +20.8%
Batting Avg vs S&P: +47.2%
Sortino: +2.52
Stutzer: +0.35
Treynor: +0.18
Sterling: +1.09
Calmar: +1.82
Information Ratio: +0.22
Tracking Error: +9.4%
Stdev Down: +8.1%
Winning Months %: +61.1%
Losing Months %: +38.9%
Best 12 Months: +46.6%
Worst 12 Months: -0.7%
Efficiency Ratio: +0.5
Sharpe: +1.16
Stdev Sectors: +6.8%
Skewness: +0.39
Kurtosis: -0.57
Upside Potential: +4.38

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	172	$296.7M	34	1SPY 2IREN 3AMD Top holdings2026-03-31 1.SPY 2.IREN 3.AMD 4.HIMS 5.META 6.APP 7.MU 8.SU 9.TJX 10.NU
2025-12-31	176	$305.2M	36	1HIMS 2ASTS 3SPY Top holdings2025-12-31 1.HIMS 2.ASTS 3.SPY 4.AMD 5.IREN 6.MELI 7.MU 8.META 9.JPM 10.ROOT
2025-09-30	177	$320.2M	49	1HIMS 2LMND 3ASTS Top holdings2025-09-30 1.HIMS 2.LMND 3.ASTS 4.SPY 5.AMD 6.IBIT 7.META 8.OFG 9.JPM 10.MU
2025-06-30	177	$278.1M	0	1HIMS 2SPY 3MSTR Top holdings2025-06-30 1.HIMS 2.SPY 3.MSTR 4.IBIT 5.META 6.OFG 7.JPM 8.IREN 9.FBP 10.BRK-B
2025-03-31	170	$232.6M	100	1IBIT 2SPY 3OFG Top holdings2025-03-31 1.IBIT 2.SPY 3.OFG 4.META 5.BRK-B 6.FBP 7.JPM 8.COST 9.HIMS 10.AMGN
2024-12-31	179	$243.3M	0	1IBIT 2SPY 3META Top holdings2024-12-31 1.IBIT 2.SPY 3.META 4.OFG 5.JPM 6.COST 7.BRK-B 8.MELI 9.FBP 10.TSLA
2024-09-30	177	$227.6M	0	1IBIT 2SPY 3FBP Top holdings2024-09-30 1.IBIT 2.SPY 3.FBP 4.OFG 5.META 6.AMD 7.BRK-B 8.COST 9.JPM 10.AMGN
2024-06-30	171	$215.7M	0	1IBIT 2FBP 3OFG Top holdings2024-06-30 1.IBIT 2.FBP 3.OFG 4.SPY 5.NVDA 6.META 7.AMD 8.MU 9.COST 10.JPM
2024-03-31	169	$211.0M	0	1IBIT 2SPY 3BPOP Top holdings2024-03-31 1.IBIT 2.SPY 3.BPOP 4.AMD 5.META 6.MU 7.BRK-B 8.FBP 9.OFG 10.JPM
2023-12-31	168	$181.2M	0	1BPOP 2SPY 3FBP Top holdings2023-12-31 1.BPOP 2.SPY 3.FBP 4.NFE 5.META 6.MU 7.GD 8.JPM 9.CPRT 10.GOOG
2023-09-30	156	$148.8M	0	1XLE 2FBP 3BPOP Top holdings2023-09-30 1.XLE 2.FBP 3.BPOP 4.META 5.OFG 6.CPRT 7.URI 8.MU 9.BRK-B 10.GD
2023-06-30	156	$148.8M	0	1XLE 2FBP 3BPOP Top holdings2023-06-30 1.XLE 2.FBP 3.BPOP 4.META 5.OFG 6.CPRT 7.URI 8.MU 9.BRK-B 10.GD
2023-03-31	171	$169.5M	0	1BPOP 2XLE 3BTU Top holdings2023-03-31 1.BPOP 2.XLE 3.BTU 4.FBP 5.OFG 6.OIH 7.GD 8.META 9.MU 10.BRK-B
2022-12-31	168	$175.6M	0	1XLE 2BPOP 3FBP Top holdings2022-12-31 1.XLE 2.BPOP 3.FBP 4.OFG 5.GD 6.OIH 7.BTU 8.TUSK 9.PM 10.BRK-B
2022-09-30	163	$157.4M	0	1BPOP 2FBP 3BTU Top holdings2022-09-30 1.BPOP 2.FBP 3.BTU 4.OFG 5.GD 6.TELLEUR 7.MU 8.BRK-B 9.OIH 10.PM
2022-06-30	170	$166.2M	0	1BPOP 2FBP 3ERX Top holdings2022-06-30 1.BPOP 2.FBP 3.ERX 4.TELLEUR 5.OFG 6.GD 7.BTU 8.MU 9.PM 10.OIH
2022-03-31	169	$192.4M	0	1XLE 2TELLEUR 3MU Top holdings2022-03-31 1.XLE 2.TELLEUR 3.MU 4.FBP 5.META 6.BPOP 7.GD 8.OFG 9.BRK-B 10.OIH
2021-12-31	167	$199.0M	0	1META 2FBP 3MU Top holdings2021-12-31 1.META 2.FBP 3.MU 4.BPOP 5.OFG 6.CPRT 7.ERX 8.FANG 9.JPM 10.GD
2021-09-30	170	$193.4M	0	1META 2ERX 3OFG Top holdings2021-09-30 1.META 2.ERX 3.OFG 4.FBP 5.BPOP 6.MU 7.CPRT 8.JPM 9.FANG 10.PYPL
2021-06-30	151	$210.6M	100	1OFG 2FBP 3BPOP Top holdings2021-06-30 1.OFG 2.FBP 3.BPOP 4.ERX 5.META 6.MU 7.NIO 8.8LP1 9.FAS 10.CPRT
2021-03-31	134	$216.4M	28	1OFG 2FBP 3BPOP Top holdings2021-03-31 1.OFG 2.FBP 3.BPOP 4.MU 5.AGO 6.META 7.FAS 8.NIO 9.BHC 10.ERX
2020-12-31	129	$185.3M	50	1OFG 2FBP 3BPOP Top holdings2020-12-31 1.OFG 2.FBP 3.BPOP 4.MU 5.NIO 6.META 7.CPRT 8.AGO 9.BABA 10.PYPL
2020-09-30	119	$138.8M	43	1OFG 2FBP 3BPOP Top holdings2020-09-30 1.OFG 2.FBP 3.BPOP 4.META 5.EVTC 6.MU 7.UGA 8.AGG 9.GDX 10.CPRT
2020-06-30	113	$140.8M	58	1OFG 2FBP 3BPOP Top holdings2020-06-30 1.OFG 2.FBP 3.BPOP 4.UGA 5.META 6.EVTC 7.MU 8.128246 9.GDX 10.SKAA
2020-03-31	90	$100.3M	74	1OFG 2FBP 3BPOP Top holdings2020-03-31 1.OFG 2.FBP 3.BPOP 4.META 5.128246 6.AGO 7.MU 8.T 9.PM 10.BHC
2019-12-31	90	$169.9M	23	1OFG 2AGO 3FBP Top holdings2019-12-31 1.OFG 2.AGO 3.FBP 4.META 5.BABA 6.VIPS 7.AAPL 8.BRK-B 9.T 10.MBI
2019-09-30	87	$158.7M	19	1OFG 2AGO 3FBP Top holdings2019-09-30 1.OFG 2.AGO 3.FBP 4.BPOP 5.META 6.AAPL 7.BABA 8.MU 9.MBI 10.BRK-B
2019-06-30	107	$156.9M	42	1OFG 2AGO 3FBP Top holdings2019-06-30 1.OFG 2.AGO 3.FBP 4.META 5.AAPL 6.BABA 7.BRK-B 8.MBI 9.AMD 10.MU
2019-03-31	110	$145.9M	31	1OFG 2AGO 3BPOP Top holdings2019-03-31 1.OFG 2.AGO 3.BPOP 4.ARRYEUR 5.BRK-B 6.MU 7.AAPL 8.MBI 9.META 10.AMD
2018-12-31	116	$127.4M	36	1OFG 2AGO 3BPOP Top holdings2018-12-31 1.OFG 2.AGO 3.BPOP 4.BRK-B 5.MBI 6.AAPL 7.OSG 8.128246 9.ARRYEUR 10.MU
2018-09-30	119	$151.0M	30	1OFG 2AGO 3MBI Top holdings2018-09-30 1.OFG 2.AGO 3.MBI 4.OSG 5.AMD 6.SIENUSD 7.BRK-B 8.AMZN 9.MU 10.AAPL
2018-06-30	115	$133.5M	47	1AGO 2OFG 3MBI Top holdings2018-06-30 1.AGO 2.OFG 3.MBI 4.OSG 5.BPOP 6.AMZN 7.AMD 8.MU 9.SIENUSD 10.BRK-B
2018-03-31	114	$94.8M	29	1AGO 2MBI 3OSG Top holdings2018-03-31 1.AGO 2.MBI 3.OSG 4.MU 5.OFG 6.AMZN 7.BRK-B 8.VIPS 9.128246 10.AMD
2017-12-31	122	$95.1M	0	1AGO 2MBI 3OFG Top holdings2017-12-31 1.AGO 2.MBI 3.OFG 4.OSG 5.BRK-B 6.MU 7.AMZN 8.AAPL 9.OPK 10.AMD

Holding changes this quarter

Position changes disclosed by X-Square Capital, LLC for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	APP	Applovin Corp-class A	+1.7%	+536.05%	Add
2	SU	Suncor Energy INC	+0.8%	+6.12%	Add
3	IREN	Iren LTD F	+0.6%	+29.16%	Add
4	SPY	Ss Spdr S&p 500 ETF Trust-us	+0.5%	+15.76%	Add
5	XPO	Xpo INC	+0.5%	+1.92%	Add
6	META	Meta Platforms Inc-class A	+0.5%	+36.30%	Add
7	CIFR	Cipher Digital INC	+0.5%	+114.78%	Add
8	BAK	Braskem Sa-class A- Adr	+0.4%	+170.76%	Add
9	ORCL	Oracle CORP	+0.4%	+90.36%	Add
10	GNRC	Generac Holdings INC	+0.4%	+3.91%	Add
11	TPL	Texas Pacific Land CORP	+0.3%	-0.83%	Trim
12	OXY	Occidental Petroleum CORP	+0.3%	+0.20%	Add
13	BKNG	Booking Holdings INC	+0.3%	+66.44%	Add
14	VAL	Valaris Limited	+0.2%	+2.29%	Add
15	VALE	Vale Sa-sp Adr	+0.2%	+7.82%	Add
16	FIX	Comfort Systems USA INC	+0.2%	—	Unchanged
17	AMR	Alpha Metallurgical Resource	+0.2%	+117.13%	Add
18	XOM	Exxon Mobil CORP	+0.2%	+27.19%	Add
19	EXPE	Expedia Group INC	-0.1%	+5.45%	Add
20	TSLA	Tesla INC	-0.2%	+0.88%	Add
21	BORR	Borr Drilling Limited	-0.2%	-57.49%	Trim
22	MSFT	Microsoft CORP	-0.2%	+5.82%	Add
23	PYPL	Paypal Holdings INC	-0.2%	+0.43%	Add
24	LULU	Lululemon Athletica INC	-0.2%	+0.72%	Add
25	BTE	Baytex Energy CORP	-0.2%	-74.01%	Trim
26	MU	Micron Technology INC	-0.3%	-26.61%	Trim
27	RACE	Ferrari N.V.	-0.3%	-35.31%	Trim
28	AMGN	Amgen INC	-0.3%	-26.98%	Trim
29	CPRT	Copart INC	-0.3%	-14.45%	Trim
30	IBIT	Ishares Bitcoin Trust ETF	-0.3%	-0.16%	Trim
31	OIH	Vaneck Oil Services ETF	-0.3%	-80.65%	Trim
32	MSTR	Strategy INC	-0.4%	-17.76%	Trim
33	WMT	Walmart INC	-0.5%	-44.37%	Trim
34	MELI	Mercadolibre INC	-0.8%	-23.55%	Trim
35	JPM	Jpmorgan Chase & Co	-1.1%	-43.76%	Trim
36	ROOT	Root Inc/oh -class A	-1.3%	-53.24%	Trim
37	HIMS	Hims & Hers Health INC	-2.1%	-10.29%	Trim
38	ASTS	Ast Spacemobile INC	-2.6%	-69.59%	Trim
39	NU	Nu Holdings Ltd.	—	NEW	New buy
40	ONDS	Ondas INC	—	EXIT	Sold out
41	NAIL	Dire Dail Hb & Sb 3x Etf-usd	—	EXIT	Sold out
42	ROST	Ross Stores INC	—	NEW	New buy
43	LUNR	Intuitive Machines INC	—	EXIT	Sold out
44	BTU	Peabody Energy CORP	—	NEW	New buy
45	ASST	Strive Inc-a	—	NEW	New buy
46	URA	Global X Uranium ETF	—	NEW	New buy
47	MOS	Mosaic Co/the	—	NEW	New buy
48	SSL	Sasol Ltd-sponsored Adr	—	NEW	New buy
49	LYB	LyondellBasell Industries N.V.	—	NEW	New buy
50	HCC	Warrior Met Coal INC	—	EXIT	Sold out

Filing History

Period	Filed	Type	EDGAR
2026-03-31	2026-05-15	13F-HR	View on EDGAR
2025-12-31	2026-02-11	13F-HR	View on EDGAR
2025-09-30	2025-11-10	13F-HR	View on EDGAR
2025-06-30	2025-08-05	13F-HR	View on EDGAR
2025-03-31	2025-05-09	13F-HR	View on EDGAR
2024-12-31	2025-02-12	13F-HR	View on EDGAR
2024-09-30	2024-10-22	13F-HR	View on EDGAR
2024-06-30	2024-08-06	13F-HR	View on EDGAR
2024-03-31	2024-05-14	13F-HR	View on EDGAR
2023-12-31	2024-02-09	13F-HR	View on EDGAR
2023-09-30	2023-11-13	13F-HR	View on EDGAR
2023-06-30	2023-08-14	13F-HR	View on EDGAR
2023-03-31	2023-05-11	13F-HR	View on EDGAR
2022-12-31	2023-02-02	13F-HR	View on EDGAR
2022-09-30	2022-11-04	13F-HR	View on EDGAR
2022-06-30	2022-08-05	13F-HR	View on EDGAR
2022-03-31	2022-05-12	13F-HR	View on EDGAR
2021-12-31	2022-02-14	13F-HR	View on EDGAR
2021-09-30	2021-11-12	13F-HR	View on EDGAR
2021-06-30	2021-08-16	13F-HR	View on EDGAR
2021-03-31	2021-05-13	13F-HR	View on EDGAR
2020-12-31	2021-02-12	13F-HR	View on EDGAR
2020-09-30	2020-11-02	13F-HR	View on EDGAR
2020-06-30	2020-08-13	13F-HR	View on EDGAR
2020-03-31	2020-05-19	13F-HR	View on EDGAR
2019-12-31	2020-02-12	13F-HR	View on EDGAR
2019-09-30	2019-11-14	13F-HR	View on EDGAR
2019-06-30	2019-08-14	13F-HR	View on EDGAR
2019-03-31	2019-05-15	13F-HR	View on EDGAR
2018-12-31	2019-02-14	13F-HR	View on EDGAR
2018-09-30	2018-11-13	13F-HR	View on EDGAR
2018-06-30	2018-08-13	13F-HR	View on EDGAR
2018-03-31	2018-05-11	13F-HR	View on EDGAR
2017-12-31	2018-02-12	13F-HR	View on EDGAR