# EDGAR Filing Document

**Accession Number:** 0001729300
**File Stem:** 0001729300-23-000001
**Filing Date:** 2023-2
**Character Count:** 19656
**Document Hash:** 599970048c44c119f5a05a7f7d36ba21
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001729300-23-000001.hdr.sgml**: 20230202

**ACCESSION NUMBER**: 0001729300-23-000001

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230202

**DATE AS OF CHANGE**: 20230202

**EFFECTIVENESS DATE**: 20230202

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** X-Square Capital, LLC
- **CENTRAL INDEX KEY:** 0001729300
- **IRS NUMBER:** 660799355
- **STATE OF INCORPORATION:** PR
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-18376
- **FILM NUMBER:** 23579235

**BUSINESS ADDRESS:**
- **STREET 1:** STE. 802
- **STREET 2:** 90 CARR 165
- **CITY:** GUAYNABO
- **STATE:** PR
- **ZIP:** 00968
- **BUSINESS PHONE:** 787-282-1621

**MAIL ADDRESS:**
- **STREET 1:** STE. 802
- **STREET 2:** 90 CARR 165
- **CITY:** GUAYNABO
- **STATE:** PR
- **ZIP:** 00968

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** X-Square Capital LLC<br>**Address:** STE. 802<br>90 CARR 165<br>GUAYNABO, PR 00968

**Form 13F File Number:** 028-18376

**CRD Number (if applicable):** 000167237

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Cristina Perez<br>**Title:** CCO<br>**Phone:** 787-282-1621

**Signature, Place, and Date of Signing:**

Cristina Perez  GUAYNABO, PR  02-02-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 168

**Form 13F Information Table Value Total:** $175602

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| APPLE INC | COM | 037833100 |  | 1429 | 11002 | SH |  | SOLE |  | 2843 | 0 | 8159 |
| APPLE INC | COM | 037833100 |  | 143 | 1100 | SH |  | OTR |  | 1100 | 0 | 0 |
| ALLY FINANCIAL INC | COM | 02005N100 |  | 1698 | 69443 | SH |  | SOLE |  | 56630 | 0 | 12813 |
| AMGEN INC | COM | 031162100 |  | 3142 | 11963 | SH |  | SOLE |  | 3044 | 0 | 8919 |
| POPULAR INC | COM NEW | 733174700 |  | 4838 | 72948 | SH |  | SOLE |  | 8826 | 0 | 64122 |
| BAUSCH HEALTH COS INC | COM | 071734107 |  | 442 | 70488 | SH |  | SOLE |  | 59313 | 0 | 11175 |
| COTY INC-CL A | COM CL A | 222070203 |  | 1546 | 180639 | SH |  | SOLE |  | 161520 | 0 | 19119 |
| FIRST BANCORP PUERTO RICO | COM NEW | 318672706 |  | 4835 | 380126 | SH |  | SOLE |  | 57485 | 0 | 322641 |
| META PLATFORMS | CL A | 30303M102 |  | 2047 | 17007 | SH |  | SOLE |  | 8335 | 0 | 8672 |
| META PLATFORMS | CL A | 30303M102 |  | 13 | 112 | SH |  | OTR |  | 112 | 0 | 0 |
| GARMIN LTD | SHS | H2906T109 |  | 504 | 5466 | SH |  | SOLE |  | 3879 | 0 | 1587 |
| WALMART INC | COM | 931142103 |  | 1506 | 10623 | SH |  | SOLE |  | 3339 | 0 | 7284 |
| CONSTELLATION BRANDS INC-A | CL A | 21036P108 |  | 426 | 1840 | SH |  | SOLE |  | 0 | 0 | 1840 |
| WEIBO CORP-SPON ADR | SPONSORED ADR | 948596101 |  | 305 | 15935 | SH |  | SOLE |  | 14215 | 0 | 1720 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 1126 | 17391 | SH |  | SOLE |  | 8455 | 0 | 8936 |
| AMAZON COM INC | COM | 023135106 |  | 982 | 11689 | SH |  | SOLE |  | 3066 | 0 | 8623 |
| AMAZON COM INC | COM | 023135106 |  | 2 | 20 | SH |  | OTR |  | 20 | 0 | 0 |
| BANK AMER CORP | COM | 060505104 |  | 902 | 27221 | SH |  | SOLE |  | 0 | 0 | 27221 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 3319 | 10746 | SH |  | SOLE |  | 1775 | 0 | 8971 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 2283 | 5001 | SH |  | SOLE |  | 1158 | 0 | 3843 |
| CALAVO GROWERS INC | COM | 128246105 |  | 694 | 23594 | SH |  | SOLE |  | 17901 | 0 | 5693 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 4152 | 16735 | SH |  | SOLE |  | 11744 | 0 | 4991 |
| GENERAL MTRS CO | COM | 37045V100 |  | 1245 | 37012 | SH |  | SOLE |  | 8598 | 0 | 28414 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 2079 | 23427 | SH |  | SOLE |  | 15202 | 0 | 8225 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 1286 | 7278 | SH |  | SOLE |  | 2863 | 0 | 4415 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 3130 | 23343 | SH |  | SOLE |  | 9868 | 0 | 13475 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 2785 | 5725 | SH |  | SOLE |  | 4197 | 0 | 1528 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 2265 | 49553 | SH |  | SOLE |  | 31246 | 0 | 18307 |
| MICROSOFT CORP | COM | 594918104 |  | 860 | 3584 | SH |  | SOLE |  | 0 | 0 | 3584 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 3006 | 60136 | SH |  | SOLE |  | 36642 | 0 | 23494 |
| OFG BANCORP | COM | 67103X102 |  | 4279 | 155249 | SH |  | SOLE |  | 39370 | 0 | 115879 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 1030 | 6794 | SH |  | SOLE |  | 0 | 0 | 6794 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 3349 | 33087 | SH |  | SOLE |  | 18648 | 0 | 14439 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 1622 | 22778 | SH |  | SOLE |  | 18077 | 0 | 4701 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 45 | 630 | SH |  | OTR |  | 630 | 0 | 0 |
| BANCO SANTANDER SA | ADR | 05964H105 |  | 48 | 16148 | SH |  | SOLE |  | 0 | 0 | 16148 |
| SIENTRA INC | COM | 82621J105 |  | 53 | 263287 | SH |  | SOLE |  | 201178 | 0 | 62109 |
| SKECHERS U S A INC | CL A | 830566105 |  | 464 | 11070 | SH |  | SOLE |  | 0 | 0 | 11070 |
| SHOPIFY INC - CLASS A | CL A | 82509L107 |  | 17 | 490 | SH |  | OTR |  | 490 | 0 | 0 |
| VALERO ENERGY CORP NEW | COM | 91913Y100 |  | 1888 | 14879 | SH |  | SOLE |  | 6875 | 0 | 8004 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 469 | 100 | SH |  | OTR |  | 100 | 0 | 0 |
| BLACKSTONE GROUP L P | COM CL A | 09260D107 |  | 1409 | 18994 | SH |  | SOLE |  | 15000 | 0 | 3994 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 1150 | 4320 | SH |  | SOLE |  | 0 | 0 | 4320 |
| TJX COS INC NEW | COM | 872540109 |  | 1693 | 21266 | SH |  | SOLE |  | 7250 | 0 | 14016 |
| MCDONALDS CORP | COM | 580135101 |  | 421 | 1596 | SH |  | SOLE |  | 0 | 0 | 1596 |
| PFIZER INC | COM | 717081103 |  | 500 | 9751 | SH |  | SOLE |  | 0 | 0 | 9751 |
| HERON THERAPEUTICS INC | COM | 427746102 |  | 370 | 147862 | SH |  | SOLE |  | 144662 | 0 | 3200 |
| NVIDIA CORP | COM | 67066G104 |  | 988 | 6764 | SH |  | SOLE |  | 1920 | 0 | 4844 |
| NVIDIA CORP | COM | 67066G104 |  | 79 | 540 | SH |  | OTR |  | 540 | 0 | 0 |
| TEVA PHARMACEUTICAL-SP ADR | SPONSORED ADS | 881624209 |  | 2304 | 252640 | SH |  | SOLE |  | 189253 | 0 | 63387 |
| DIREXION SHS ETF TR | BRZ BL 2X SHS | 25460G708 |  | 1702 | 24807 | SH |  | SOLE |  | 23630 | 0 | 1177 |
| COPART INC | COM | 217204106 |  | 2441 | 40092 | SH |  | SOLE |  | 33122 | 0 | 6970 |
| DIREXION SHS ETF TR | DLY ENRGY BULL2X | 25460G609 |  | 822 | 12351 | SH |  | SOLE |  | 0 | 0 | 12351 |
| COCA-COLA CO/THE | COM | 191216100 |  | 529 | 8309 | SH |  | SOLE |  | 0 | 0 | 8309 |
| LENNAR CORP-A | CL A | 526057104 |  | 1705 | 18842 | SH |  | SOLE |  | 16249 | 0 | 2593 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 1229 | 1452 | SH |  | SOLE |  | 369 | 0 | 1083 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 27 | 32 | SH |  | OTR |  | 32 | 0 | 0 |
| PULTEGROUP INC | COM | 745867101 |  | 1442 | 31663 | SH |  | SOLE |  | 27097 | 0 | 4566 |
| RAYTHEON TECHNOLOGIES CORP | COM | 75513E101 |  | 2201 | 21806 | SH |  | SOLE |  | 11166 | 0 | 10640 |
| SHOPIFY INC - CLASS A | CL A | 82509L107 |  | 532 | 15321 | SH |  | SOLE |  | 4761 | 0 | 10560 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 536 | 1402 | SH |  | SOLE |  | 0 | 0 | 1402 |
| TARGET CORP | COM | 87612E106 |  | 681 | 4567 | SH |  | SOLE |  | 2502 | 0 | 2065 |
| NIO INC | SPON ADS | 62914V106 |  | 600 | 61540 | SH |  | SOLE |  | 21950 | 0 | 39590 |
| MARKETAXESS HOLDINGS INC | COM | 57060D108 |  | 639 | 2293 | SH |  | SOLE |  | 2143 | 0 | 150 |
| UNITED RENTALS INC | COM | 911363109 |  | 878 | 2470 | SH |  | SOLE |  | 1395 | 0 | 1075 |
| FASTENAL CO | COM | 311900104 |  | 1052 | 22239 | SH |  | SOLE |  | 11802 | 0 | 10437 |
| DOMINO'S PIZZA INC | COM | 25754A201 |  | 1077 | 3109 | SH |  | SOLE |  | 2437 | 0 | 672 |
| DOLLAR GENERAL CORP | COM | 256677105 |  | 802 | 3256 | SH |  | SOLE |  | 2228 | 0 | 1028 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 1460 | 16577 | SH |  | SOLE |  | 10753 | 0 | 5824 |
| ISHARES TR | US HOME CONS ETF | 464288752 |  | 878 | 14493 | SH |  | SOLE |  | 7805 | 0 | 6688 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 |  | 294 | 3620 | SH |  | SOLE |  | 0 | 0 | 3620 |
| MERCK  CO. INC. | COM | 58933Y105 |  | 507 | 4567 | SH |  | SOLE |  | 0 | 0 | 4567 |
| HOME DEPOT INC | COM | 437076102 |  | 1271 | 4025 | SH |  | SOLE |  | 1344 | 0 | 2681 |
| HOME DEPOT INC | COM | 437076102 |  | 61 | 192 | SH |  | OTR |  | 192 | 0 | 0 |
| OPKO HEALTH INC | COM | 68375N103 |  | 253 | 202321 | SH |  | SOLE |  | 17112 | 0 | 185209 |
| OPKO HEALTH INC | COM | 68375N103 |  | 3 | 2000 | SH |  | OTR |  | 2000 | 0 | 0 |
| DIREXION SHS ETF TR | SP BIOTCH BL NEW | 25490K323 |  | 87 | 12325 | SH |  | SOLE |  | 12255 | 0 | 70 |
| TORONTO-DOMINION BANK | COM | 891160509 |  | 325 | 5012 | SH |  | SOLE |  | 0 | 0 | 5012 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 5796 | 66267 | SH |  | SOLE |  | 52255 | 0 | 14012 |
| MISSION PRODUCE INC | COM | 60510V108 |  | 1058 | 91048 | SH |  | SOLE |  | 66052 | 0 | 24996 |
| CITIGROUP INC | COM NEW | 172967424 |  | 270 | 5960 | SH |  | SOLE |  | 0 | 0 | 5960 |
| DIAMONDBACK ENERGY INC | COM | 25278X109 |  | 2502 | 18289 | SH |  | SOLE |  | 9728 | 0 | 8561 |
| ISHARES U.S. HEALTHCARE ETF | US HLTHCARE ETF | 464287762 |  | 249 | 878 | SH |  | SOLE |  | 0 | 0 | 878 |
| LAREDO PETROLEUM INC | COM | 516806205 |  | 2406 | 46795 | SH |  | SOLE |  | 43534 | 0 | 3261 |
| OCCIDENTAL PETROLEUM CORP | COM | 674599105 |  | 2622 | 41633 | SH |  | SOLE |  | 40382 | 0 | 1251 |
| TCR2 THERAPEUTICS INC | COM | 87808K106 |  | 32 | 31919 | SH |  | SOLE |  | 23570 | 0 | 8349 |
| TRUIST FINANCIAL CORP | COM | 89832Q109 |  | 1666 | 38727 | SH |  | SOLE |  | 24465 | 0 | 14262 |
| ZEBRA TECHNOLOGIES CORP-CL A | CL A | 989207105 |  | 627 | 2444 | SH |  | SOLE |  | 1680 | 0 | 764 |
| IMPINJ INC | COM | 453204109 |  | 583 | 5340 | SH |  | SOLE |  | 3330 | 0 | 2010 |
| ANTERO RESOURCES CORP | COM | 03674X106 |  | 1085 | 35000 | SH |  | SOLE |  | 35000 | 0 | 0 |
| BRITISH AMERICAN TOB-SP ADR | SPONSORED ADR | 110448107 |  | 533 | 13322 | SH |  | SOLE |  | 0 | 0 | 13322 |
| NIKE INC -CL B | CL B | 654106103 |  | 667 | 5699 | SH |  | SOLE |  | 3505 | 0 | 2194 |
| NORTHERN OIL AND GAS INC | COM | 665531307 |  | 1374 | 44590 | SH |  | SOLE |  | 41493 | 0 | 3097 |
| VANECK OIL SERVICES ETF | OIL SVCS ETF | 92189H607 |  | 4029 | 13250 | SH |  | SOLE |  | 10900 | 0 | 2350 |
| ZILLOW GROUP INC - C | CL C CAP STK | 98954M200 |  | 549 | 17051 | SH |  | SOLE |  | 10298 | 0 | 6753 |
| CONTEXTLOGIC INC - A | COM | 21077C107 |  | 7 | 14000 | SH |  | OTR |  | 14000 | 0 | 0 |
| SILVERGATE CAPITAL CORP-CL A | COM | 82837P408 |  | 1 | 60 | SH |  | OTR |  | 60 | 0 | 0 |
| ALPHABET INC-CL A | COM | 02079K305 |  | 64 | 720 | SH |  | OTR |  | 720 | 0 | 0 |
| ISHARES MSCI BRAZIL ETF | MSCI BRAZIL ETF | 464286400 |  | 564 | 20149 | SH |  | SOLE |  | 11760 | 0 | 8389 |
| WELLS FARGO  CO | COM | 949746101 |  | 370 | 8956 | SH |  | SOLE |  | 0 | 0 | 8956 |
| VIPSHOP HOLDINGS LTD - ADR | SPONSORED ADS A | 92763W103 |  | 1741 | 127610 | SH |  | SOLE |  | 116510 | 0 | 11100 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 494 | 3641 | SH |  | SOLE |  | 0 | 0 | 3641 |
| TRACON PHARMACEUTICALS INC | COM NEW | 89237H209 |  | 27 | 17973 | SH |  | SOLE |  | 16124 | 0 | 1849 |
| TEXAS PACIFIC LAND CORP | COM | 88262P102 |  | 2384 | 1017 | SH |  | SOLE |  | 885 | 0 | 132 |
| ACLARIS THERAPEUTICS INC | COM | 00461U105 |  | 252 | 16000 | SH |  | SOLE |  | 15000 | 0 | 1000 |
| AKAMAI TECHNOLOGIES INC | COM | 00971T101 |  | 657 | 7789 | SH |  | SOLE |  | 7311 | 0 | 478 |
| CHUBB LTD | COM | H1467J104 |  | 710 | 3218 | SH |  | SOLE |  | 2530 | 0 | 688 |
| FORD MOTOR CO | COM | 345370860 |  | 238 | 20424 | SH |  | SOLE |  | 0 | 0 | 20424 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 357 | 9404 | SH |  | SOLE |  | 8154 | 0 | 1250 |
| FEDEX CORP | COM | 31428X106 |  | 589 | 3400 | SH |  | SOLE |  | 2370 | 0 | 1030 |
| FORTINET INC | COM | 34959E109 |  | 723 | 14784 | SH |  | SOLE |  | 14703 | 0 | 81 |
| ALPHABET INC-CL A | CAP STK CL A | 02079K305 |  | 216 | 2452 | SH |  | SOLE |  | 0 | 0 | 2452 |
| MARSH  MCLENNAN COS | COM | 571748102 |  | 504 | 3048 | SH |  | SOLE |  | 3048 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 420 | 4938 | SH |  | SOLE |  | 0 | 0 | 4938 |
| FERRARI NV | COM | N3167Y103 |  | 757 | 3535 | SH |  | SOLE |  | 2500 | 0 | 1035 |
| SILVERGATE CAPITAL CORP-CL A | CL A | 82837P408 |  | 239 | 13738 | SH |  | SOLE |  | 12520 | 0 | 1218 |
| ISHARES SEMICONDUCTOR ETF | ISHARES SEMICDTR | 464287523 |  | 383 | 1101 | SH |  | SOLE |  | 545 | 0 | 556 |
| SUNCOR ENERGY INC | COM | 867224107 |  | 1553 | 48956 | SH |  | SOLE |  | 30664 | 0 | 18292 |
| SOLARWINDS CORP | COM | 83417Q204 |  | 357 | 38179 | SH |  | SOLE |  | 34794 | 0 | 3385 |
| TENCENT MUSIC ENTERTAINM-ADR | SPON ADS | 88034P109 |  | 457 | 55245 | SH |  | SOLE |  | 52250 | 0 | 2995 |
| T-MOBILE US INC | COM | 872590104 |  | 313 | 2235 | SH |  | SOLE |  | 0 | 0 | 2235 |
| VALE SA-SP ADR | SPONSORED ADS | 91912E105 |  | 2407 | 141812 | SH |  | SOLE |  | 105982 | 0 | 35830 |
| VINTAGE WINE ESTATES INC | COM | 92747V106 |  | 135 | 41480 | SH |  | SOLE |  | 41100 | 0 | 380 |
| CONTEXTLOGIC INC - A | COM CL A | 21077C107 |  | 15 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| TRACTOR SUPPLY COMPANY | COM | 892356106 |  | 663 | 2947 | SH |  | SOLE |  | 2487 | 0 | 460 |
| CHESAPEAKE ENERGY CORP | COM | 165167735 |  | 1595 | 16901 | SH |  | SOLE |  | 16353 | 0 | 548 |
| EOG RESOURCES INC | COM | 26875P101 |  | 424 | 3270 | SH |  | SOLE |  | 3270 | 0 | 0 |
| ENERPLUS CORP | COM | 292766102 |  | 247 | 14000 | SH |  | SOLE |  | 14000 | 0 | 0 |
| LAS VEGAS SANDS CORP | COM | 517834107 |  | 1404 | 29212 | SH |  | SOLE |  | 23475 | 0 | 5737 |
| MASTERCARD INC - A | CL A | 57636Q104 |  | 383 | 1102 | SH |  | SOLE |  | 1102 | 0 | 0 |
| N-ABLE INC | COMMON STOCK | 62878D100 |  | 173 | 16876 | SH |  | SOLE |  | 16626 | 0 | 250 |
| OVINTIV INC | COM | 69047Q102 |  | 625 | 12321 | SH |  | SOLE |  | 12100 | 0 | 221 |
| WHEELS UP EXPERIENCE INC | COM CL A | 96328L106 |  | 13 | 12827 | SH |  | SOLE |  | 12000 | 0 | 827 |
| ACTIVISION BLIZZARD INC | COM | 00507V109 |  | 1419 | 18534 | SH |  | SOLE |  | 18484 | 0 | 50 |
| DEVON ENERGY CORP NEW | COM | 25179M103 |  | 935 | 15200 | SH |  | SOLE |  | 8375 | 0 | 6825 |
| RANGER OIL CORPORATION | CLASS A COM | 70788V102 |  | 1853 | 45824 | SH |  | SOLE |  | 40054 | 0 | 5770 |
| TELLURIAN INC NEW | COM | 87968A104 |  | 2236 | 1331234 | SH |  | SOLE |  | 956758 | 0 | 374476 |
| XPO LOGISTICS INC | COM | 983793100 |  | 1017 | 30543 | SH |  | SOLE |  | 25228 | 0 | 5315 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 681 | 6174 | SH |  | SOLE |  | 0 | 0 | 6174 |
| MAMMOTH ENERGY SERVICES INC | COM | 56155L108 |  | 3374 | 390092 | SH |  | SOLE |  | 190000 | 0 | 200092 |
| TRANSOCEAN LTD | REG SHS | H8817H100 |  | 543 | 119000 | SH |  | SOLE |  | 119000 | 0 | 0 |
| RH | COM | 74967X103 |  | 520 | 1946 | SH |  | SOLE |  | 1485 | 0 | 461 |
| RIOT BLOCKCHAIN INC | COM | 767292105 |  | 58 | 17100 | SH |  | SOLE |  | 17000 | 0 | 100 |
| VANECK RUSSIA ETF | VANECK RUSSIA ET | 92189F403 |  | 332 | 58821 | SH |  | SOLE |  | 58320 | 0 | 501 |
| PHILLIPS 66 | COM | 718546104 |  | 262 | 2522 | SH |  | SOLE |  | 0 | 0 | 2522 |
| NEKTAR THERAPEUTICS | COM | 640268108 |  | 29 | 13000 | SH |  | SOLE |  | 12000 | 0 | 1000 |
| INDEPENDENCE CONTRACT DRILLI | COM | 453415606 |  | 47 | 14333 | SH |  | SOLE |  | 14333 | 0 | 0 |
| PEABODY ENERGY CORP | COM | 704551100 |  | 3942 | 149214 | SH |  | SOLE |  | 141714 | 0 | 7500 |
| CYBIN INC | COM | 23256X100 |  | 4 | 15000 | SH |  | OTR |  | 15000 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 13 | 100 | SH |  | OTR |  | 100 | 0 | 0 |
| DIREXION DAILY FIN BULL 3X | DLY FIN BULL NEW | 25459Y694 |  | 1103 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| INVESCO CURRENCYSHARES EURO | EURO SHS | 46138K103 |  | 2144 | 21705 | SH |  | SOLE |  | 0 | 0 | 21705 |
| CLEVELAND-CLIFFS INC NEW | COM | 185899101 |  | 813 | 50443 | SH |  | SOLE |  | 50000 | 0 | 443 |
| ZIM INTEGRATED SHIPPING SERV | SHS | M9T951109 |  | 614 | 35700 | SH |  | SOLE |  | 31500 | 0 | 4200 |
| PROSHARES ULTRA BLOOMBERG NATURAL GAS | COM | 74347Y870 |  | 2 | 90 | SH |  | OTR |  | 90 | 0 | 0 |
| SOUTHWEST AIRLINES CO | COM | 844741108 |  | 1544 | 45870 | SH |  | SOLE |  | 45000 | 0 | 870 |
| RH | COM | 74967X103 |  | 13 | 50 | SH |  | OTR |  | 50 | 0 | 0 |
| ORBITAL INFRASTRUCTURE GROUP | COM | 68559A109 |  | 2 | 10000 | SH |  | OTR |  | 10000 | 0 | 0 |
| PROSHARES ULTRA BLOOMBERG NATURAL GAS | COM | 74347Y870 |  | 356 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 366 | 2266 | SH |  | SOLE |  | 0 | 0 | 2266 |
| ALPHA METALLURGICAL RESOURCE | COM | 020764106 |  | 732 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| BOOZ ALLEN HAMILTON HOLDINGS | COM | 099502106 |  | 240 | 2295 | SH |  | SOLE |  | 1728 | 0 | 567 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 232 | 426 | SH |  | SOLE |  | 0 | 0 | 426 |
| PRIMERICA INC | COM | 74164M108 |  | 206 | 1451 | SH |  | SOLE |  | 0 | 0 | 1451 |
| PROSHARES ULTRA BLOOMBERG CRUDE OIL | COM | 74347Y888 |  | 818 | 27000 | SH |  | SOLE |  | 25000 | 0 | 2000 |
| RXO INC | COM | 74982T103 |  | 534 | 31030 | SH |  | SOLE |  | 25715 | 0 | 5315 |
| DRX DLY FTSE CHINA BULL 3X | COM | 25460G195 |  | 529 | 11445 | SH |  | SOLE |  | 11445 | 0 | 0 |
| LANTHEUS HOLDINGS INC | COM | 516544103 |  | 378 | 7424 | SH |  | SOLE |  | 7424 | 0 | 0 |

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