X-Square Capital provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, and portfolio management for institutions. The firm advises 3 private funds.
X-Square Capital reports 326 clients. They include 130 individual clients, 80 pension and profit-sharing plans, and 75 corporations and other businesses. Of its assets, 65.3% ($517M across 325 accounts) are managed with discretion; $274M across 1 account is not. It advised 1 client without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 40% | 4% |
| High-net-worth individuals | 11% | 4% |
| Investment companies | <1% | 11% |
| Pooled investment vehicles | <1% | 9% |
| Pension and profit-sharing plans | 25% | 8% |
| Other client typesInsurance companies; Corporations and other businesses | 23% | 64% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 130 | $27.8M | 3.5% | $213K |
| High-net-worth individuals | 37 | $35.2M | 4.4% | $950K |
| Investment companies | 2 | $87.3M | 11.0% | $43.6M |
| Pooled investment vehicles | 1 | $70.8M | 9.0% | $70.8M |
| Pension and profit-sharing plans | 80 | $62.7M | 7.9% | $784K |
| Insurance companies | 1 | $16.7M | 2.1% | $16.7M |
| Corporations and other businesses | 75 | $490M | 62.0% | $6.54M |
| Total | 326 | $791M | 100% | $2.43M |
- Clients
- 130
- Regulatory AUM
- $27.8M
- AUM share
- 3.5%
- Avg. per client
- $213K
- Clients
- 37
- Regulatory AUM
- $35.2M
- AUM share
- 4.4%
- Avg. per client
- $950K
- Clients
- 2
- Regulatory AUM
- $87.3M
- AUM share
- 11.0%
- Avg. per client
- $43.6M
- Clients
- 1
- Regulatory AUM
- $70.8M
- AUM share
- 9.0%
- Avg. per client
- $70.8M
- Clients
- 80
- Regulatory AUM
- $62.7M
- AUM share
- 7.9%
- Avg. per client
- $784K
- Clients
- 1
- Regulatory AUM
- $16.7M
- AUM share
- 2.1%
- Avg. per client
- $16.7M
- Clients
- 75
- Regulatory AUM
- $490M
- AUM share
- 62.0%
- Avg. per client
- $6.54M
Total
- Clients
- 326
- Regulatory AUM
- $791M
- AUM share
- 100%
- Avg. per client
- $2.43M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 1
- Private funds advised
- 3
- Financial planning clients last fiscal year
- 0
X-Square Capital is paid through a percentage of assets under management, performance-based fees and other compensation; its fees and minimums are set out in its brochures on the SEC website.
Ignacio Canto owns 75% or more of X-Square Capital. The leadership team of X-Square Capital includes President Ignacio Canto and Chief Compliance Officer Cristina Perez-Franceschini. It has 7 employees.
Staff
- 7 employees
- 7 in advisory functions
- 7 state-registered reps
- 1 soliciting firm
- Owns 75% or more of X-Square Capital, LLC
Ignacio Canto
Control person · since February 2013
X-Square Capital’s regulatory assets grew 2.1× from $374M (July 2021) to $791M (April 2026); clients rose from 79 to 326 and employees were 7 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Apr 2026April 2026 | $791M | 326 | 7 | 1 |
| May 2025May 2025 | $624M | 262 | 7 | 1 |
| Apr 2024April 2024 | $424M | 220 | 7 | 1 |
| Apr 2023April 2023 | $287M | 188 | 7 | 1 |
| Jun 2022June 2022 | $294M | 137 | 7 | 1 |
| Jul 2021July 2021 | $374M | 79 | 7 | 1 |
Besides its headquarters, X-Square Capital has 0 offices, with 1 listed address in 1 state.
Puerto Rico · 1 listed address
- Centro Internacional De Mercadeo II, 90 Carr 165, Suite 803, GuaynaboHQ
Contact and registration details
- Legal name
- X-Square Capital, LLC
- Headquarters
- Centro Internacional De Mercadeo II, 90 Carr 165, Suite 803, Guaynabo, PR 00968
- Website
- x2etfs.com
- Phone
- 787-282-1621
- SEC file
- 801-88171
- Structure
- Puerto Rico LLC
- Fiscal year end
- December
X-Square Capital’s named custodians for separately managed accounts include Charles Schwab ($245M, 49%), Jefferies ($147M, 30%) and US Bank, N.A. ($82.8M, 17%). X-Square Capital has custody of $69.7M for 1 clients.
- State StreetState Street Corporation · Boston, MA · $4.48M1%
- JefferiesJefferies LLC · New York, NY · $147M30%
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $245M49%
- J.P. MorganJ.P. Morgan Securities Inc. · New York, NY · $16.7M3%
- US Bank, N.A.US Bank, N.A. · San Francisco, CA · $82.8M17%
At year end, X-Square Capital’s separately managed accounts were largely in stocks (43%) and bonds (14%). Its reported 13F holdings for the quarter ended 30 June 2026 total $394K across 176 positions; the largest are Ast Space Mobile Inc. (5.7%), Advanced Micro Devices I (5.4%) and Micron Technology (4.1%).
What the accounts hold
- Stocks43%
- Funds3%
- Bonds14%
- U.S. government and agency bonds13%
- State and local bonds1%
- Cash2%
- Other38%
- Private commercial loans (non-discretionary) & private fund.38%
How many clients does X-Square Capital have?
X-Square Capital has 326 clients and manages $791 million for them, as of April 2026. They include 130 individual clients, 80 pension and profit-sharing plans, and 75 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 13 April 2026
What services does X-Square Capital offer?
X-Square Capital provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does X-Square Capital use?
X-Square Capital’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $245M, Jefferies LLC (New York, NY), with $147M, US Bank, N.A. (San Francisco, CA), with $82.8M, J.P. Morgan Securities Inc. (New York, NY), with $16.7M and State Street Corporation (Boston, MA), with $4.48M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 13 April 2026
How many financial advisors does X-Square Capital have?
X-Square Capital has 7 investment adviser representatives registered with state securities authorities, out of 7 employees, and 7 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does X-Square Capital invest in?
At the end of its last fiscal year, X-Square Capital’s separately managed accounts held 43% exchange-traded equities, 38% other, 13% U.S. government and agency bonds, 3% registered funds (mutual funds, ETFs, BDCs), 2% cash and equivalents and 1% state and local bonds. The 38% other category is described as: Private Commercial Loans (Non-Discretionary) & Private Fund. It advises 3 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns X-Square Capital?
X-Square Capital’s direct owner is Ignacio Canto (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 13 April 2026
How does X-Square Capital get paid?
X-Square Capital is paid through a percentage of assets under management, performance-based fees and other compensation. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact X-Square Capital?
X-Square Capital’s main office is at Centro Internacional De Mercadeo II, 90 Carr 165, Suite 803, Guaynabo, PR 00968. Its phone number is 787-282-1621. Its website is x2etfs.com.