INTERCAPITAL, LLC — 13F Holdings & Portfolio
CIK 2108411 · latest 13F-HR filed 2026-08-14
INTERCAPITAL, LLC manages $400.6M in 13F-reported U.S. long-equity assets across 121 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are AMZN (11.60%), MSFT (4.99%), NVDA (4.22%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 25 new positions and exited 27; 23 existing positions rose in reported value and 15 fell.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
Long-equity book
Distinct positions
Filed 2026-08-14
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q2 26Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q1 26 → Q2 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
3 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 57.1%Cumulative share of the portfolio held in the largest N positions.
SUITE 100
AUSTIN, TX 78703
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| KAVANAGH, DYLAN, MICHAEL Control | OWNER, MANAGING MEMBER | 75% or more | Individual |
| KAVANAGH, DYLAN, MICHAEL Control | OWNER, MANAGING MEMBER | 75% or more | Individual |
| STEFANOWICZ, BRIAN, THOMAS Control | CHIEF COMPLIANCE OFFICER AND CHIEF FINANCIAL OFFICER | Less than 5% | Individual |
| STEFANOWICZ, BRIAN, THOMAS Control | CHIEF COMPLIANCE OFFICER AND CHIEF FINANCIAL OFFICER | Less than 5% | Individual |
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- CREDO TECHNOLOGY GROUP HOLDI$13.2M +695.2%
- MICROSOFT CORP$8.9M +80.6%
- NVIDIA CORPORATION$7.5M +344.3%
- TAIWAN SEMICONDUCTOR MANUFAC$6.5M +129.5%
- BROADCOM INC$4.8M +84.1%
Top Trims
- MERCADOLIBRE INC-$4.7M -47.4%
- CIRCLE INTERNET GROUP INC-$4.2M -77.0%
- DUOLINGO INC-$3.8M -65.0%
- RIVIAN AUTOMOTIVE INC-$3.2M -94.9%
- PROLOGIS INC.-$3.0M -91.8%
New Positions
- DELL TECHNOLOGIES INC$8.4M
- CELSIUS HLDGS INC$4.4M
- COREWEAVE INC$3.6M
- COMSTOCK RES INC$2.7M
- WYNN RESORTS LTD$2.3M
Exited Positions
- LULULEMON ATHLETICA INC$13.3M
- WIX COM LTD$4.2M
- FIDELITY WISE ORIGIN BITCOIN$2.8M
- APPLE INC$2.7M
- ROBINHOOD MKTS INC$1.1M
INTERCAPITAL, LLC Holdings (2026-06-30)
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | AMAZON COM INC Call | AMZN | 023135106 | $46.5M | 11.60% | 194,900 | SH |
| 2 | MICROSOFT CORP | MSFT | 594918104 | $20.0M | 4.99% | 53,590 | SH |
| 3 | NVIDIA CORPORATION Call | NVDA | 67066G104 | $16.9M | 4.22% | 84,500 | SH |
| 4 | REDDIT INC | RDDT | 75734B100 | $15.4M | 3.86% | 89,000 | SH |
| 5 | AMAZON COM INC | AMZN | 023135106 | $15.3M | 3.81% | 64,000 | SH |
| 6 | CREDO TECHNOLOGY GROUP HOLDI | CRDO | G25457105 | $15.1M | 3.77% | 55,500 | SH |
| 7 | AFFIRM HLDGS INC | AFRM | 00827B106 | $12.8M | 3.19% | 156,568 | SH |
| 8 | TAIWAN SEMICONDUCTOR MANUFAC | TSM | 874039100 | $11.6M | 2.89% | 24,200 | SH |
| 9 | BROADCOM INC | AVGO | 11135F101 | $10.5M | 2.63% | 27,900 | SH |
| 10 | STATE STR SPDR S&P 500 ETF T Put | SPY | 78462F103 | $10.5M | 2.61% | 14,000 | SH |
| 11 | COMPASS INC | COMP | 20464U100 | $10.2M | 2.54% | 825,225 | SH |
| 12 | DAVE INC | DAVE | 23834J201 | $9.7M | 2.42% | 26,000 | SH |
| 13 | NVIDIA CORPORATION | NVDA | 67066G104 | $9.7M | 2.42% | 48,406 | SH |
| 14 | ISHARES TR Call | TLT | 464287432 | $9.5M | 2.37% | 110,000 | SH |
| 15 | DELL TECHNOLOGIES INC | DELL | 24703L202 | $8.4M | 2.10% | 19,500 | SH |
| 16 | MICROSOFT CORP Call | MSFT | 594918104 | $8.0M | 2.00% | 21,500 | SH |
| 17 | SEA LTD | SE | 81141R100 | $6.8M | 1.69% | 70,694 | SH |
| 18 | BOEING CO | BA | 097023105 | $6.3M | 1.57% | 29,000 | SH |
| 19 | MERCADOLIBRE INC | MELI | 58733R102 | $5.2M | 1.31% | 3,080 | SH |
| 20 | FIGMA INC | FIG | 316841105 | $5.2M | 1.30% | 288,739 | SH |
| 21 | COCA COLA CO Put | KO | 191216100 | $5.2M | 1.30% | 64,100 | SH |
| 22 | VANECK ETF TRUST Put | SMH | 92189F676 | $4.6M | 1.15% | 7,000 | SH |
| 23 | CELSIUS HLDGS INC | CELH | 15118V207 | $4.4M | 1.10% | 150,000 | SH |
| 24 | SEA LTD Call | SE | 81141R100 | $4.2M | 1.04% | 43,500 | SH |
| 25 | COREWEAVE INC | CRWV | 21873S108 | $3.6M | 0.91% | 36,500 | SH |
| 26 | TESLA INC Put | TSLA | 88160R101 | $3.6M | 0.89% | 8,500 | SH |
| 27 | ALPHABET INC Put | GOOG | 02079K107 | $3.5M | 0.88% | 10,000 | SH |
| 28 | BOEING CO Call | BA | 097023105 | $3.5M | 0.87% | 16,100 | SH |
| 29 | COREWEAVE INC Call | CRWV | 21873S108 | $3.2M | 0.80% | 32,000 | SH |
| 30 | ALIBABA GROUP HLDG LTD Call | BABA | 01609W102 | $3.2M | 0.79% | 33,000 | SH |
| 31 | INVESCO QQQ TR Put | QQQ | 46090E103 | $2.9M | 0.74% | 4,000 | SH |
| 32 | NETFLIX INC. Call | NFLX | 64110L106 | $2.9M | 0.73% | 41,000 | SH |
| 33 | COMSTOCK RES INC | CRK | 205768302 | $2.7M | 0.68% | 182,000 | SH |
| 34 | FIGMA INC Call | FIG | 316841105 | $2.6M | 0.64% | 142,000 | SH |
| 35 | TAKE-TWO INTERACTIVE SOFTWAR Call | TTWO | 874054109 | $2.5M | 0.62% | 10,000 | SH |
| 36 | ROCKET COS INC | RKT | 77311W101 | $2.4M | 0.61% | 154,840 | SH |
| 37 | SHOPIFY INC | SHOP | 82509L107 | $2.4M | 0.59% | 20,595 | SH |
| 38 | WYNN RESORTS LTD | WYNN | 983134107 | $2.3M | 0.58% | 24,000 | SH |
| 39 | MICRON TECHNOLOGY INC | MU | 595112103 | $2.3M | 0.58% | 2,000 | SH |
| 40 | NETFLIX INC. | NFLX | 64110L106 | $2.3M | 0.57% | 32,000 | SH |
| 41 | ON HLDG AG | ONON | H5919C104 | $2.3M | 0.57% | 64,500 | SH |
| 42 | TAKE-TWO INTERACTIVE SOFTWAR | TTWO | 874054109 | $2.3M | 0.57% | 9,100 | SH |
| 43 | ORACLE CORP Put | ORCL | 68389X105 | $2.3M | 0.57% | 15,500 | SH |
| 44 | LPL FINL HLDGS INC | LPLA | 50212V100 | $2.3M | 0.56% | 8,000 | SH |
| 45 | LULULEMON ATHLETICA INC Call | LULU | 550021109 | $2.2M | 0.56% | 19,500 | SH |
| 46 | ADVANCED MICRO DEVICES INC | AMD | 007903107 | $2.2M | 0.55% | 3,800 | SH |
| 47 | SPDR SERIES TRUST Put | XSD | 78464A862 | $2.2M | 0.54% | 3,500 | SH |
| 48 | DUOLINGO INC | DUOL | 26603R106 | $2.1M | 0.52% | 18,000 | SH |
| 49 | VISTRA CORP | VST | 92840M102 | $2.0M | 0.51% | 12,900 | SH |
| 50 | OUSTER INC | OUST | 68989M202 | $2.0M | 0.50% | 32,000 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | $400.6M | 121 | 0001214659-26-010166 |
| 2026-03-31 | 2026-05-15 | $299.4M | 108 | 0001214659-26-006312 |
| 2025-12-31 | 2026-02-13 | $284.0M | 92 | 0001214659-26-001656 |
SUITE 100
AUSTIN, TX 78703