How X-Square Capital LLC Revamped Their Portfolio in Q3 and Q4 2022

X-Square Capital, LLC announced their Q3 and Q4 comparison report for 2022, which addressed their changes in holdings on the 13F. It is interesting to note that some of the holdings have gone through considerable changes, while others had relatively little change between the two reporting periods. The company has revamped its portfolio to match market trends that have arisen over the past year.

X-Square Capital, LLC, a hedge fund based out of New York, is one of the many institutions that are required to file a Form 13F. This form, submitted to the SEC, requires institutional investors with over $100M in assets to disclose their holdings. The SEC then provides this information publicly to ensure transparency in the financial market.

In Q3 2022, X-Square Capital's largest holdings were in TEVA, TUSK, and CPRT. However, the Q4 2022 report shows that the fund has decreased its holdings in many of their strongest-performing positions, while also increasing their holdings in underperforming positions like OIH and CHK.

One of the most significant changes to note is X-Square's holdings in TEVA, which went from 254,140 shares in Q3 2022 to 252,640 shares in Q4 2022. This decrease is a surprising change for X-Square given that TEVA was performing strongly as one of their top holdings in the previous quarter. It is unclear why X-Square made this change, but it could simply be a result of the company's strategy to "trim the fat" in their portfolio.

On the other hand, TUSK, a lesser-known energy services company, saw a dramatic increase in X-Square's holdings. In Q3 2022, the fund held 500,092 shares in TUSK, which increased to 390,092 shares in Q4 2022. This shift could indicate that X-Square Capital sees promise in TUSK's future potential.

X-Square also made significant changes in their holdings in companies like TAHO, CHK, and OIH. TAHO Holdings, for example, saw a decrease from 51,308 shares in Q3 2022 to 33,558 shares in Q4 2022. The fund also increased its holdings in CHK, a natural gas and oil exploration company, from 13,679 shares to 16,901 shares.

It is interesting to note that X-Square increased their holdings in OIH, a VanEck Oil Services ETF, from 13,229 shares to 13,250. This small change might not seem notable, but it is intriguing given that most of X-Square's holdings decreased in size. This could indicate that the company sees potential in the oil services industry, which could be due to a recent increase in oil prices.

In conclusion, X-Square Capital has made some notable and unexpected changes in their portfolio between Q3 and Q4 2022. The fund decreased its holdings in top-performing companies like TEVA and increased holdings in some lesser-known companies such as TUSK. It is interesting to note that X-Square has taken a particular interest in the oil services industry with an increase in holdings within OIH. Nonetheless, X-Square Capital remains a formidable player in the hedge fund industry with $3.6B in assets under management and a solid investment strategy.