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Livermore
Livermore
ZHEN

X-Square Capital, LLC

SEC CIK
0001729300
Latest filing
Aug 12, 2026

Holdings in Q3 2025

Holdings as of Sep 30, 2025, filed Nov 10, 2025. Long positions only; changes compare share counts with Q2 2025.

Institution overview
Positions
162
+2 vs. Q2 2025
Portfolio value
$320.2M
+$42.1M (+15.1%) vs. Q2 2025
Filed
Nov 10, 2025
SEC
Holdings of X-Square Capital, LLC in Q3 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
HIMSHims & Hers Health, Inc.Stock427,591$24.3M7.6%+192,301+81.7%AddedHistory
LMNDLemonade, Inc.Stock213,199$11.4M3.6%+142,628+202.1%AddedHistory
ASTSAST SpaceMobile, Inc.COM CL A228,150$11.2M3.5%+187,150+456.5%AddedHistory
SPYSPDR S&P 500 ETF TrustETF16,720$11.1M3.5%+98+0.6%AddedHistory
AMDAdvanced Micro Devices IncStock62,267$10.1M3.1%+30,419+95.5%AddedHistory
IBITiShares Bitcoin Trust ETFETF134,733$8.76M2.7%+5,267+4.1%AddedHistory
METAMeta Platforms, Inc.Stock10,558$7.75M2.4%+67+0.6%AddedHistory
OFGOfg BancorpCOM161,959$7.04M2.2%−4,445−2.7%ReducedHistory
JPMJPMorgan Chase & CoStock22,293$7.03M2.2%+193+0.9%AddedHistory
MUMicron Technology IncStock38,586$6.46M2.0%+346+0.9%AddedHistory
MSTRStrategy IncStock18,279$5.89M1.8%−6,978−27.6%ReducedHistory
FBPFirst BancorpCOM NEW266,909$5.88M1.8%−30,375−10.2%ReducedHistory
BRK.BBerkshire Hathaway IncStock10,624$5.34M1.7%−291−2.7%ReducedHistory
URIUnited Rentals, Inc.COM5,199$4.96M1.6%+48+0.9%AddedHistory
TJXTJX Companies IncStock33,241$4.80M1.5%+363+1.1%AddedHistory
NVDANVIDIA CorpStock25,298$4.72M1.5%−3,955−13.5%ReducedHistory
AMZNAmazon Com IncStock21,259$4.67M1.5%+225+1.1%AddedHistory
MELIMercadolibre IncCOM1,885$4.41M1.4%+21+1.1%AddedHistory
CPRTCopart IncCOM92,084$4.14M1.3%+38,963+73.3%AddedHistory
AMGNAmgen IncStock14,639$4.13M1.3%+175+1.2%AddedHistory
GDGeneral Dynamics CorpStock11,541$3.94M1.2%+146+1.3%AddedHistory
ABBVAbbVie Inc.Stock15,929$3.69M1.2%+255+1.6%AddedHistory
WMTWalmart Inc.Stock35,714$3.68M1.1%+110.0%AddedHistory
SUSuncor Energy IncStock85,551$3.58M1.1%+1,109+1.3%AddedHistory
MSFTMicrosoft CorpStock6,209$3.22M1.0%+91+1.5%AddedHistory
TSLATesla, Inc.Stock7,091$3.15M1.0%−2,005−22.0%ReducedHistory
XPOXPO, Inc.COM24,077$3.11M1.0%+339+1.4%AddedHistory
BMAMacro Bank Inc.SPON ADR B71,536$3.02M0.9%+66,096+1,215.0%AddedHistory
AAPLApple Inc.Stock11,789$3.00M0.9%+18+0.2%AddedHistory
PMPhilip Morris International Inc.Stock18,471$3.00M0.9%+10+0.1%AddedHistory
TDGTransDigm Group INCCOM2,246$2.96M0.9%+31+1.4%AddedHistory
CLSKCleanspark, Inc.COM NEW200,000$2.90M0.9%+200,000NewHistory
GOOGAlphabet Inc.Stock11,687$2.85M0.9%+10.0%AddedHistory
PYPLPayPal Holdings, Inc.Stock42,434$2.85M0.9%−150−0.4%ReducedHistory
GNRCGenerac Holdings Inc.Stock15,529$2.60M0.8%−4,750−23.4%ReducedHistory
ORLYO Reilly Automotive IncStock23,687$2.55M0.8%+408+1.8%AddedHistory
EXPEExpedia Group, Inc.Stock11,719$2.50M0.8%+205+1.8%AddedHistory
DUOLDuolingo, Inc.CL A COM7,725$2.49M0.8%+5,615+266.1%AddedHistory
COSTCostco Wholesale CorpStock2,566$2.38M0.7%+24+0.9%AddedHistory
BKNGBooking Holdings Inc.Stock435$2.35M0.7%+15+3.6%AddedHistory
GLDSPDR Gold TrustETF6,192$2.20M0.7%+10+0.2%AddedHistory
LENLennar CorpCL A17,365$2.19M0.7%+374+2.2%AddedHistory
NOCNorthrop Grumman CorpStock3,550$2.16M0.7%+85+2.5%AddedHistory
DPZDominos Pizza IncCOM4,986$2.15M0.7%+102+2.1%AddedHistory
KOCoca Cola CoStock31,923$2.12M0.7%+683+2.2%AddedHistory
Direxion Shs ETF Tr25459W102DLY TECH BULL 3X20,500$2.05M0.6%+20,500New–
LULUlululemon athletica inc.Stock11,395$2.03M0.6%−776−6.4%ReducedHistory
Xsquare Ser Tr98422R104MUNICIPAL INCOME80,766$2.00M0.6%+595+0.7%Added–
Volatility Shs Tr92864M3012X BITCOIN STRAT36,094$1.99M0.6%+24,925+223.2%Added–
CMGChipotle Mexican Grill IncCOM49,994$1.96M0.6%+397+0.8%AddedHistory
CROXCrocs, Inc.COM22,900$1.91M0.6%+19,308+537.5%AddedHistory
RHRHCOM9,189$1.87M0.6%+190+2.1%AddedHistory
Invesco QQQ Trust Series I46090E103ETF3,061$1.84M0.6%+52+1.7%Added–
BJBJ's Wholesale Club Holdings, Inc.COM19,612$1.83M0.6%+310+1.6%AddedHistory
MOAltria Group, Inc.Stock27,445$1.81M0.6%+168+0.6%AddedHistory
PEPPepsiCo IncStock12,668$1.78M0.6%+293+2.4%AddedHistory
VALEVale S.A.SPONSORED ADS160,558$1.74M0.5%−3,527−2.1%ReducedHistory
DGDollar General CorpCOM16,866$1.74M0.5%+255+1.5%AddedHistory
RRRichtech Robotics Inc.CL B400,300$1.72M0.5%+400,300NewHistory
RTXRTX CorpStock9,858$1.65M0.5%+313+3.3%AddedHistory
APPAppLovin CorpCOM CL A2,291$1.65M0.5%−7,073−75.5%ReducedHistory
OXYOccidental Petroleum CorpStock34,606$1.64M0.5%+95+0.3%AddedHistory
FASTFastenal CoStock32,084$1.57M0.5%−29−0.1%ReducedHistory
GRMNGarmin LtdSHS6,123$1.51M0.5%00.0%UnchangedHistory
SHOPShopify Inc.Stock9,743$1.45M0.5%−510−5.0%ReducedHistory
HDHome Depot, Inc.Stock3,569$1.45M0.5%+10.0%AddedHistory
QXOQXO, Inc.COM NEW74,907$1.43M0.4%−62,334−45.4%ReducedHistory
PHMPultegroup IncCOM10,639$1.41M0.4%−7−0.1%ReducedHistory
TPLTexas Pacific Land CorpStock1,493$1.39M0.4%+41+2.8%AddedHistory
SMCISuper Micro Computer, Inc.Stock28,250$1.35M0.4%+117+0.4%AddedHistory
FIXComfort Systems USA IncCOM1,600$1.32M0.4%00.0%UnchangedHistory
ORCLOracle CorpStock4,510$1.27M0.4%+3+0.1%AddedHistory
VLOValero Energy CorpStock7,356$1.25M0.4%−8,096−52.4%ReducedHistory
JNJJohnson & JohnsonStock6,544$1.21M0.4%+30.0%AddedHistory
LMTLockheed Martin CorpStock2,381$1.19M0.4%−53−2.2%ReducedHistory
ASMLASML Holding NVADR1,223$1.18M0.4%−2−0.2%ReducedHistory
TEVATeva Pharmaceutical Industries LtdSPONSORED ADS57,795$1.17M0.4%−69−0.1%ReducedHistory
ONDSOndas Inc.COM NEW150,000$1.16M0.4%+150,000NewHistory
BAHBooz Allen Hamilton Holding CorpCL A11,578$1.16M0.4%−260−2.2%ReducedHistory
SBSWSibanye Stillwater LtdSPONSORED ADR102,282$1.15M0.4%+60,135+142.7%AddedHistory
UNHUnitedHealth Group IncStock3,000$1.04M0.3%+3,000NewHistory
CBChubb LtdStock3,667$1.03M0.3%00.0%UnchangedHistory
CEGConstellation Energy CorpStock3,100$1.02M0.3%+3,100NewHistory
ZETAZeta Global Holdings Corp.CL A50,000$994.0K0.3%+50,000NewHistory
Vanguard Morningstar Growth ETF922908736ETF2,048$982.0K0.3%−214−9.5%Reduced–
BACBank of America CorpStock19,018$981.0K0.3%+39+0.2%AddedHistory
TSCOTractor Supply CoCOM16,059$913.0K0.3%−47−0.3%ReducedHistory
EMEEMCOR Group, Inc.Stock1,385$900.0K0.3%00.0%UnchangedHistory
GOOGLAlphabet Inc.Stock3,676$893.0K0.3%+7+0.2%AddedHistory
MAMastercard IncStock1,530$870.0K0.3%00.0%UnchangedHistory
ALLYAlly Financial Inc.Stock21,974$861.0K0.3%−248−1.1%ReducedHistory
Vanguard Morningstar Value ETF922908744ETF4,561$851.0K0.3%+30+0.7%Added–
State Street Energy Select Sector SPDR ETF81369Y506ETF9,479$847.0K0.3%−12,489−56.9%Reduced–
BORRBorr Drilling LtdSHS312,714$841.0K0.3%+113,253+56.8%AddedHistory
EXEExpand Energy CorpCOM7,557$803.0K0.3%−9−0.1%ReducedHistory
TMUST-Mobile US, Inc.Stock3,149$754.0K0.2%−3−0.1%ReducedHistory
BRK.ABerkshire Hathaway IncCL A1$754.0K0.2%00.0%UnchangedHistory
ZIMZIM Integrated Shipping Services Ltd.SHS54,200$734.0K0.2%+100+0.2%AddedHistory
BPOPPopular, Inc.COM NEW5,714$726.0K0.2%−9,112−61.5%ReducedHistory
NFENew Fortress Energy Inc.COM CL A317,233$701.0K0.2%−3,154−1.0%ReducedHistory

Sold out since Q2 2025 (11)

Positions held at the end of Q2 2025 that are gone from this filing.

Positions of X-Square Capital, LLC sold out since Q2 2025
SecurityClassShares in Q2 2025Value in Q2 2025% of portfolio in Q2 2025History
IRENIREN LtdORDINARY SHARES435,951$6.35M2.3%History
Sprott FDS Tr85208P303URANIUM MINERS E41,043$1.97M0.7%–
FROFrontline plcCOM77,606$1.27M0.5%History
VALValaris LtdCL A25,657$1.08M0.4%History
UCOProShares Trust IIULTA BLMBG 201730,000$672.0K0.2%History
NUVBNuvation Bio Inc.COM CL A310,000$605.0K0.2%History
VISTVista Energy, S.A.B. de C.V.SPONSORED ADS10,000$478.0K0.2%History
KHCKraft Heinz CoStock15,607$403.0K0.1%History
PGYPagaya Technologies Ltd.CL A SHS11,879$253.0K0.1%History
UUUUEnergy Fuels IncCOM NEW30,961$180.0K0.1%History
METCRamaco Resources, Inc.COM CL A10,000$131.0K<0.1%History