INTERCAPITAL, LLC — 13F Holdings & Portfolio
CIK 2108411 · latest 13F-HR filed 2026-05-15
INTERCAPITAL, LLC manages $299.4M in 13F-reported U.S. long-equity assets across 108 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are MSFT (12.61%), LULU (4.45%), RDDT (4.43%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 23 new positions, exited 24, added to 11, and trimmed 32.
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.
$299.4M
Long-equity book
108
Distinct positions
2026-03-31
Filed 2026-05-15
+23 / −24 / ↑11 / ↓32
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- REDDIT INC$12.9M +3746.5%
- LULULEMON ATHLETICA INC$11.2M +528.4%
- MICROSOFT CORP$9.0M +444.9%
- MERCADOLIBRE INC$8.3M +497.5%
- BROADCOM INC$5.0M +727.2%
Top Trims
- MICRON TECHNOLOGY INC-$13.5M -89.9%
- COMPASS INC-$8.2M -56.2%
- RIVIAN AUTOMOTIVE INC-$7.1M -67.7%
- ISHARES TR-$4.1M -78.3%
- FIRST SOLAR INC-$4.1M -83.7%
New Positions
- DAVE INC$6.9M
- DUOLINGO INC$5.9M
- CIRCLE INTERNET GROUP INC$5.5M
- HIMS & HERS HEALTH INC$3.3M
- FIDELITY WISE ORIGIN BITCOIN$2.8M
Exited Positions
- ISHARES TR$10.2M
- ARK 21SHARES BITCOIN ETF$4.6M
- WYNN RESORTS LTD$2.6M
- INVESCO EXCH TRADED FD TR$2.0M
- MAPLEBEAR INC$1.6M
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 | MICROSOFT CORP Call | MSFT | 594918104 | $37.8M | 12.61% | 102,000 | SH |
| 2 | LULULEMON ATHLETICA INC | LULU | 550021109 | $13.3M | 4.45% | 87,000 | SH |
| 3 | REDDIT INC | RDDT | 75734B100 | $13.3M | 4.43% | 98,500 | SH |
| 4 | AMAZON COM INC | AMZN | 023135106 | $12.3M | 4.10% | 59,000 | SH |
| 5 | MICROSOFT CORP | MSFT | 594918104 | $11.1M | 3.70% | 29,902 | SH |
| 6 | AFFIRM HLDGS INC | AFRM | 00827B106 | $10.7M | 3.57% | 233,368 | SH |
| 7 | SELECT SECTOR SPDR TR Put | XLE | 81369Y506 | $10.4M | 3.48% | 170,000 | SH |
| 8 | MERCADOLIBRE INC | MELI | 58733R102 | $9.9M | 3.32% | 5,750 | SH |
| 9 | BOEING CO | BA | 097023105 | $7.4M | 2.46% | 37,000 | SH |
| 10 | LULULEMON ATHLETICA INC Call | LULU | 550021109 | $7.0M | 2.35% | 46,000 | SH |
| 11 | DAVE INC | DAVE | 23834J201 | $6.9M | 2.29% | 39,386 | SH |
| 12 | ORACLE CORP Put | ORCL | 68389X105 | $6.7M | 2.24% | 45,500 | SH |
| 13 | COMPASS INC | COMP | 20464U100 | $6.3M | 2.12% | 868,462 | SH |
| 14 | ISHARES TR Call | TLT | 464287432 | $6.1M | 2.03% | 70,000 | SH |
| 15 | DUOLINGO INC | DUOL | 26603R106 | $5.9M | 1.98% | 60,000 | SH |
| 16 | SEA LTD | SE | 81141R100 | $5.8M | 1.93% | 69,713 | SH |
| 17 | BROADCOM INC | AVGO | 11135F101 | $5.7M | 1.91% | 18,500 | SH |
| 18 | DUOLINGO INC Call | DUOL | 26603R106 | $5.7M | 1.89% | 57,500 | SH |
| 19 | CIRCLE INTERNET GROUP INC | CRCL | 172573107 | $5.5M | 1.82% | 57,200 | SH |
| 20 | TAIWAN SEMICONDUCTOR MANUFAC | TSM | 874039100 | $5.0M | 1.68% | 14,900 | SH |
| 21 | WIX COM LTD | WIX | M98068105 | $4.2M | 1.40% | 46,575 | SH |
| 22 | AFFIRM HLDGS INC Call | AFRM | 00827B106 | $4.0M | 1.33% | 87,100 | SH |
| 23 | VANECK ETF TRUST Put | SMH | 92189F676 | $3.8M | 1.28% | 10,000 | SH |
| 24 | RIVIAN AUTOMOTIVE INC | RIVN | 76954A103 | $3.4M | 1.13% | 225,436 | SH |
| 25 | PROLOGIS INC. | PLD | 74340W103 | $3.3M | 1.10% | 24,900 | SH |
| 26 | HIMS & HERS HEALTH INC | HIMS | 433000106 | $3.3M | 1.10% | 158,509 | SH |
| 27 | TESLA INC Put | TSLA | 88160R101 | $3.0M | 0.99% | 8,000 | SH |
| 28 | ISHARES TR Put | HYG | 464288513 | $2.8M | 0.93% | 35,000 | SH |
| 29 | FIDELITY WISE ORIGIN BITCOIN | FBTC | 315948109 | $2.8M | 0.93% | 47,000 | SH |
| 30 | APPLE INC | AAPL | 037833100 | $2.7M | 0.91% | 10,700 | SH |
| 31 | NIKE INC Put | NKE | 654106103 | $2.6M | 0.88% | 50,100 | SH |
| 32 | SANDISK CORP Put | SNDK | 80004C200 | $2.5M | 0.85% | 4,000 | SH |
| 33 | OCCIDENTAL PETE CORP Put | OXY | 674599105 | $2.5M | 0.83% | 38,000 | SH |
| 34 | LPL FINL HLDGS INC | LPLA | 50212V100 | $2.4M | 0.80% | 8,000 | SH |
| 35 | RIVIAN AUTOMOTIVE INC Call | RIVN | 76954A103 | $2.4M | 0.79% | 157,000 | SH |
| 36 | JPMORGAN CHASE & CO | JPM | 46625H100 | $2.4M | 0.79% | 8,000 | SH |
| 37 | SHOPIFY INC | SHOP | 82509L107 | $2.2M | 0.74% | 18,595 | SH |
| 38 | NVIDIA CORPORATION | NVDA | 67066G104 | $2.2M | 0.73% | 12,500 | SH |
| 39 | VISA INC Put | V | 92826C839 | $2.1M | 0.71% | 7,000 | SH |
| 40 | VENTURE GLOBAL INC | VG | 92333F101 | $1.9M | 0.64% | 122,492 | SH |
| 41 | CREDO TECHNOLOGY GROUP HOLDI | CRDO | G25457105 | $1.9M | 0.63% | 20,221 | SH |
| 42 | KKR & CO INC Put | KKR | 48251W104 | $1.9M | 0.63% | 20,400 | SH |
| 43 | MICRON TECHNOLOGY INC | MU | 595112103 | $1.5M | 0.51% | 4,500 | SH |
| 44 | SEA LTD Call | SE | 81141R100 | $1.5M | 0.50% | 18,000 | SH |
| 45 | FIGMA INC | FIG | 316841105 | $1.5M | 0.50% | 70,169 | SH |
| 46 | LUMENTUM HLDGS INC Put | LITE | 55024U109 | $1.5M | 0.49% | 2,100 | SH |
| 47 | ISHARES TR Call | IGV | 464287515 | $1.4M | 0.48% | 18,000 | SH |
| 48 | STATE STR SPDR S&P 500 ETF T Put | SPY | 78462F103 | $1.4M | 0.48% | 2,200 | SH |
| 49 | ALIBABA GROUP HLDG LTD | BABA | 01609W102 | $1.4M | 0.46% | 11,000 | SH |
| 50 | WESTERN DIGITAL CORP Put | WDC | 958102105 | $1.4M | 0.45% | 5,000 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-15 | $299.4M | 108 | 0001214659-26-006312 |
| 2025-12-31 | 2026-02-13 | $284.0M | 92 | 0001214659-26-001656 |