X-square Capital, LLC
X-Square Capital, LLC is a minority-owned registered investment adviser headquartered in Guaynabo, Puerto Rico. Founded in 2011, it provides investment advisory and asset management services to both individual and institutional clients. The firm is recognized for its customer-obsessed approach, focusing on delivering simple solutions to complex market inefficiencies, and operates with a dedicated team of 7 employees—all investment professionals. X-Square serves a diverse clientele, including high net worth individuals, pension plans, corporations, and pooled investment vehicles.
Investment Strategy
X-Square Capital employs a range of investment products, including mutual funds, alternative funds, and specialized ETFs, such as the first US-territory-only municipal bond ETF. Their strategies emphasize capital conservation, long-term appreciation, and targeted tax-free dividend yields. They blend equity and fixed income exposure with a strong risk management orientation, aiming to maximize performance while providing simple investment solutions for both individuals and institutions. The firm is known for innovative products like online, commission-free IRAs designed specifically for Puerto Rico residents.
Latest 13F Filing Activity
X-square Capital, LLC filed their most recent 13F report on Jun 30, 2025 disclosing 157 equity positions with a total 13F market value of $278M. The fund increased holdings in Hims & Hers Health Inc., Microstrategy Inc-cl A, Iris Energy LTD among other positions. X-square Capital, LLC reduced exposure to Ishares Bitcoin Trust, Skechers U S A Inc. Class A, Costco Wholesale Co. among others.
Top Holdings
Equity Positions (157)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
H HIMS | HIMS & HERS HEALTH INC | 4.22% | $11.7M | 235,290 | $33.97 | $49.85 | +$7.2M |
S SPY | SPDR S&P 500 ETF | 3.69% | $10.3M | 16,622 | $502.99 | $617.85 | +$1.5M |
M MSTR | MICROSTRATEGY INC-CL A | 3.67% | $10.2M | 25,257 | $275.87 | $404.23 | +$5.9M |
I IBIT | ISHARES BITCOIN TRUST | 2.85% | $7.9M | 129,466 | $41.85 | $61.21 | -$3.8M |
M META | META PLATFORMS INC CLASS A | 2.78% | $7.7M | 10,491 | $195.82 | $738.09 | +$1.7M |