Intercapital, LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), Intercapital, LLC reported 64 stock positions worth $227.9 million. Its top holding was Microsoft (MSFT) at 8.8% of the portfolio, followed by Reddit Class A (RDDT, 6.8%) and Amazon.com (AMZN, 6.7%). Compared with Q1 2026, it opened 25 new positions, sold out of 27, added to 16 and reduced 18. The biggest buy was Credo Technology Group Holdi (CRDO, shares +174%) and the biggest sale an exit from Lululemon Athletica (LULU).
- Most Recent 13F
- Q2 2026
- Location
- AUSTIN, TX
- CIK
- 0002108411
- Portfolio Value
- $227.9M (Q2 2026)
- SEC Filing
- 0001214659-26-010166 ↗ filed Aug 14, 2026
Holdings Value
Holdings 64 stocks · $227.9M
| MSFT Microsoft Corp. | 8.77% | 53,590 | $20.0M | Add +79.2% |
| RDDT Reddit Inc. Class A | 6.78% | 89,000 | $15.4M | Reduce -9.6% |
| AMZN Amazon.com Inc. | 6.69% | 64,000 | $15.3M | Add +8.5% |
| CRDO Credo Technology Group Holdi | 6.62% | 55,500 | $15.1M | Add +174.5% |
| AFRM Affirm Holdings Inc. | 5.60% | 156,568 | $12.8M | Reduce -32.9% |
| TSM Taiwan Semiconductor-SP ADR | 5.07% | 24,200 | $11.6M | Add +62.4% |
| AVGO Broadcom Inc. | 4.62% | 27,900 | $10.5M | Add +50.8% |
| COMP Compass Inc. Class A | 4.46% | 825,225 | $10.2M | Reduce -5.0% |
| DAVE Dave Inc. | 4.25% | 26,000 | $9.7M | Reduce -34.0% |
| NVDA Nvidia Corp. | 4.25% | 48,406 | $9.7M | Add +287.3% |
| DELL Dell Technologies -C | 3.69% | 19,500 | $8.4M | New |
| SE Sea Ltd.-ADR | 2.97% | 70,694 | $6.8M | Add +1.4% |
| BA The Boeing Co. | 2.75% | 29,000 | $6.3M | Reduce -21.6% |
| MELI MercadoLibre Inc. | 2.29% | 3,080 | $5.2M | Reduce -46.4% |
| FIG Figma Inc. Class A | 2.29% | 288,739 | $5.2M | Add +311.5% |
| CELH Celsius Holdings Inc. | 1.93% | 150,000 | $4.4M | New |
| CRWV Coreweave Inc. Class A | 1.59% | 36,500 | $3.6M | New |
| CRK Comstock Resources Inc. | 1.19% | 182,000 | $2.7M | New |
| RKT Rocket Cos Inc. Class A | 1.07% | 154,840 | $2.4M | Add +305.9% |
| SHOP Shopify Inc. Class A | 1.03% | 20,595 | $2.4M | Add +10.8% |
| WYNN WYNN Resorts Ltd. | 1.02% | 24,000 | $2.3M | New |
| MU Micron Technology Inc. | 1.01% | 2,000 | $2.3M | Reduce -55.6% |
| NFLX Netflix Inc. | 1.00% | 32,000 | $2.3M | New |
| ONON On Holding AG Class A filed as ON HLDG AG | 1.00% | 64,500 | $2.3M | Add +126.3% |
| TTWO Take-Two Interactive Softwre | 1.00% | 9,100 | $2.3M | New |
| LPLA LPL Financial Holdings Inc. | 0.99% | 8,000 | $2.3M | No change |
| AMD Advanced Micro Devices | 0.97% | 3,800 | $2.2M | New |
| DUOL Duolingo | 0.91% | 18,000 | $2.1M | Reduce -70.0% |
| VST Vistra Corp. | 0.90% | 12,900 | $2.0M | New |
| OUST Ouster Inc. | 0.88% | 32,000 | $2.0M | New |
| JPM JPMorgan Chase & Co. | 0.86% | 6,000 | $2.0M | Reduce -25.0% |
| APP AppLovin Corp. Class A | 0.79% | 3,500 | $1.8M | Add +16.7% |
| BROS Dutch Bros Inc. Class A | 0.79% | 25,000 | $1.8M | Add +4.4% |
| RTX RTX Corp. | 0.67% | 8,050 | $1.5M | Add +23.9% |
| Z Zillow Group Inc. Class C | 0.66% | 48,000 | $1.5M | New |
| KWEB Kranesh Csi China Internet | 0.64% | 60,000 | $1.5M | New |
| BABA Alibaba Group Holding-SP ADR | 0.63% | 15,000 | $1.4M | Add +36.4% |
| EXC Exelon Corp. | 0.61% | 30,000 | $1.4M | New |
| CRCL Circle Internet Group Inc. | 0.55% | 20,000 | $1.3M | Reduce -65.0% |
| CEG Constellation Energy | 0.54% | 5,000 | $1.2M | New |
| HIMS Hims & Hers Health Inc. | 0.49% | 32,009 | $1.1M | Reduce -79.8% |
| WDC Western Digital Corp. | 0.46% | 1,650 | $1.1M | Reduce -63.3% |
| HSAI Hesai Group | 0.44% | 54,710 | $997K | New |
| BX Blackstone Inc. | 0.41% | 8,000 | $941K | New |
| PDD PDD Holdings Inc. | 0.33% | 10,000 | $763K | Add +13.6% |
| VG Venture Global Inc. Class A | 0.33% | 67,471 | $751K | Reduce -44.9% |
| PTON Peloton Interactive Inc. Class A | 0.31% | 120,000 | $709K | No change |
| NOW ServiceNow Inc. | 0.30% | 7,000 | $695K | New |
| BE Bloom Energy Corp. Class A | 0.25% | 1,902 | $576K | No change |
| HXL Hexcel Corp. | 0.22% | 5,000 | $500K | No change |
| FXI iShares China Large-Cap ETF | 0.21% | 15,150 | $479K | Reduce -44.2% |
| HII Huntington Ingalls Industrie | 0.21% | 1,700 | $476K | New |
| RGR Sturm Ruger & Co. Inc. | 0.20% | 12,100 | $458K | Reduce -39.5% |
| RKLB Rocket Lab Corp. | 0.18% | 4,000 | $407K | New |
| LLY Eli Lilly & Co. | 0.16% | 300 | $360K | No change |
| KLAR Klarna Group PLC | 0.16% | 17,618 | $357K | New |
| CAI Caris Life Sciences Inc. | 0.16% | 20,000 | $356K | New |
| TE T1 Energy Inc. | 0.15% | 35,000 | $332K | New |
| SONY Sony Group Corp. - SP ADR | 0.13% | 15,000 | $301K | New |
| MCHI iShares MSCI China ETF | 0.12% | 5,473 | $279K | Reduce -73.3% |
| PLD Prologis Inc. | 0.12% | 2,000 | $271K | Reduce -92.0% |
| KSTR Kraneshares China Technology | 0.12% | 8,348 | $270K | New |
| NN Nextnav Inc. | 0.09% | 11,000 | $196K | New |
| RIVN Rivian Automotive Inc. Class A | 0.08% | 10,000 | $174K | Reduce -95.6% |
Options reported separately and not counted above: AMZN calls ($46.5M), NVDA calls ($16.9M), SPY puts ($10.5M), TLT calls ($9.5M), MSFT calls ($8.0M), KO puts ($5.2M), SMH puts ($4.6M), SE calls ($4.2M), TSLA puts ($3.6M), GOOG puts ($3.5M), BA calls ($3.5M), CRWV calls ($3.2M), and 45 more.
Portfolio Sells Q1 2026 → Q2 2026
| LULU Lululemon Athletica Inc. | Sold out | 0.00% | −7.37 |
| MELI MercadoLibre Inc. | Reduce -46.4% | 2.29% | −3.21 |
| CRCL Circle Internet Group Inc. | Reduce -65.0% | 0.55% | −2.47 |
| DUOL Duolingo | Reduce -70.0% | 0.91% | −2.37 |
| WIX Wix.com Ltd. | Sold out | 0.00% | −2.32 |
| RIVN Rivian Automotive Inc. Class A | Reduce -95.6% | 0.08% | −1.80 |
| PLD Prologis Inc. | Reduce -92.0% | 0.12% | −1.70 |
| FBTC Fidelity Wise Origin Bitcoin | Sold out | 0.00% | −1.54 |
| AAPL Apple Inc. | Sold out | 0.00% | −1.50 |
| HIMS Hims & Hers Health Inc. | Reduce -79.8% | 0.49% | −1.33 |
| BA The Boeing Co. | Reduce -21.6% | 2.75% | −1.32 |
| VG Venture Global Inc. Class A | Reduce -44.9% | 0.33% | −0.74 |
| HOOD Robinhood Markets Inc. Class A | Sold out | 0.00% | −0.61 |
| RDDT Reddit Inc. Class A | Reduce -9.6% | 6.78% | −0.56 |
| BIDU Baidu Inc. - Spon ADR | Sold out | 0.00% | −0.56 |
| XPEV Xpeng Inc. - ADR | Sold out | 0.00% | −0.55 |
| MCHI iShares MSCI China ETF | Reduce -73.3% | 0.12% | −0.51 |
| IBKR Interactive Brokers Gro Class A | Sold out | 0.00% | −0.48 |
| TDG Transdigm Group Inc. | Sold out | 0.00% | −0.45 |
| FLUT Flutter Entertainment PLC-Di | Sold out | 0.00% | −0.44 |
| JPM JPMorgan Chase & Co. | Reduce -25.0% | 0.86% | −0.44 |
| FSLR First Solar Inc. | Sold out | 0.00% | −0.44 |
| LTH Life Time Group Holdings Inc. | Sold out | 0.00% | −0.37 |
| MSFU Direxion Daily MSFT Bull 2X | Sold out | 0.00% | −0.36 |
| FXI iShares China Large-Cap ETF | Reduce -44.2% | 0.21% | −0.33 |
| PLTR Palantir Technologies Inc. Class A | Sold out | 0.00% | −0.32 |
| AFRM Affirm Holdings Inc. | Reduce -32.9% | 5.60% | −0.32 |
| AVGX Defiance DLY TRG 2X LNG Avgo | Sold out | 0.00% | −0.29 |
| EDV Vanguard Extended Dur Treas | Sold out | 0.00% | −0.29 |
| S Sentinelone Inc. Class A | Sold out | 0.00% | −0.29 |
| COHR Coherent Corp. | Sold out | 0.00% | −0.25 |
| RGR Sturm Ruger & Co. Inc. | Reduce -39.5% | 0.20% | −0.24 |
| DAL Delta Air Lines Inc. | Sold out | 0.00% | −0.22 |
| CPNG Coupang Inc. | Sold out | 0.00% | −0.22 |
| WDC Western Digital Corp. | Reduce -63.3% | 0.46% | −0.21 |
| CRM Salesforce Inc. | Sold out | 0.00% | −0.21 |
| TGT Target Corp. | Sold out | 0.00% | −0.20 |
| EVR Evercore Inc. Class A | Sold out | 0.00% | −0.17 |
| META Meta Platforms Inc. Class A | Sold out | 0.00% | −0.16 |
| UWM Proshares Ultra RUSSELL2000 | Sold out | 0.00% | −0.15 |
| SOC Sable Offshore Corp. | Sold out | 0.00% | −0.09 |
| JOBY Joby Aviation Inc. | Sold out | 0.00% | −0.05 |
| MU Micron Technology Inc. | Reduce -55.6% | 1.01% | +0.17 |
| DAVE Dave Inc. | Reduce -34.0% | 4.25% | +0.46 |
| COMP Compass Inc. Class A | Reduce -5.0% | 4.46% | +0.95 |
Portfolio Buys Q1 2026 → Q2 2026
| CRDO Credo Technology Group Holdi | Add +174.5% | 6.62% | +5.57 |
| DELL Dell Technologies -C | New | 3.69% | +3.69 |
| NVDA Nvidia Corp. | Add +287.3% | 4.25% | +3.04 |
| MSFT Microsoft Corp. | Add +79.2% | 8.77% | +2.64 |
| TSM Taiwan Semiconductor-SP ADR | Add +62.4% | 5.07% | +2.28 |
| CELH Celsius Holdings Inc. | New | 1.93% | +1.93 |
| CRWV Coreweave Inc. Class A | New | 1.59% | +1.59 |
| FIG Figma Inc. Class A | Add +311.5% | 2.29% | +1.47 |
| AVGO Broadcom Inc. | Add +50.8% | 4.62% | +1.45 |
| CRK Comstock Resources Inc. | New | 1.19% | +1.19 |
| WYNN WYNN Resorts Ltd. | New | 1.02% | +1.02 |
| NFLX Netflix Inc. | New | 1.00% | +1.00 |
| TTWO Take-Two Interactive Softwre | New | 1.00% | +1.00 |
| AMD Advanced Micro Devices | New | 0.97% | +0.97 |
| VST Vistra Corp. | New | 0.90% | +0.90 |
| OUST Ouster Inc. | New | 0.88% | +0.88 |
| RKT Rocket Cos Inc. Class A | Add +305.9% | 1.07% | +0.77 |
| Z Zillow Group Inc. Class C | New | 0.66% | +0.66 |
| KWEB Kranesh Csi China Internet | New | 0.64% | +0.64 |
| EXC Exelon Corp. | New | 0.61% | +0.61 |
| CEG Constellation Energy | New | 0.54% | +0.54 |
| ONON On Holding AG Class A | Add +126.3% | 1.00% | +0.47 |
| HSAI Hesai Group | New | 0.44% | +0.44 |
| BX Blackstone Inc. | New | 0.41% | +0.41 |
| NOW ServiceNow Inc. | New | 0.30% | +0.30 |
| HII Huntington Ingalls Industrie | New | 0.21% | +0.21 |
| RKLB Rocket Lab Corp. | New | 0.18% | +0.18 |
| KLAR Klarna Group PLC | New | 0.16% | +0.16 |
| CAI Caris Life Sciences Inc. | New | 0.16% | +0.16 |
| TE T1 Energy Inc. | New | 0.15% | +0.15 |
| SONY Sony Group Corp. - SP ADR | New | 0.13% | +0.13 |
| APP AppLovin Corp. Class A | Add +16.7% | 0.79% | +0.13 |
| KSTR Kraneshares China Technology | New | 0.12% | +0.12 |
| BROS Dutch Bros Inc. Class A | Add +4.4% | 0.79% | +0.12 |
| NN Nextnav Inc. | New | 0.09% | +0.09 |
| RTX RTX Corp. | Add +23.9% | 0.67% | −0.02 |
| AMZN Amazon.com Inc. | Add +8.5% | 6.69% | −0.11 |
| BABA Alibaba Group Holding-SP ADR | Add +36.4% | 0.63% | −0.13 |
| PDD PDD Holdings Inc. | Add +13.6% | 0.33% | −0.16 |
| SHOP Shopify Inc. Class A | Add +10.8% | 1.03% | −0.19 |
| SE Sea Ltd.-ADR | Add +1.4% | 2.97% | −0.22 |
Options Activity Q1 2026 → Q2 2026
| AMZN Amazon.com Inc. | call | New | 194,900 | $46.5M |
| NVDA Nvidia Corp. | call | New | 84,500 | $16.9M |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Add +536.4% | 14,000 | $10.5M |
| XLE SS Energy Select Sector | put | Sold out | 170,000 | $10.4Mbefore exit |
| TLT iShares 20+ Year Treasury BD | call | Add +57.1% | 110,000 | $9.5M |
| MSFT Microsoft Corp. | call | Reduce -78.9% | 21,500 | $8.0M |
| KO The Coca-Cola Co. | put | New | 64,100 | $5.2M |
| SMH Vaneck Semiconductor ETF | put | Reduce -30.0% | 7,000 | $4.6M |
| SE Sea Ltd.-ADR | call | Add +141.7% | 43,500 | $4.2M |
| TSLA Tesla Inc. | put | Add +6.3% | 8,500 | $3.6M |
| GOOG Alphabet Inc. Class C | put | New | 10,000 | $3.5M |
| BA The Boeing Co. | call | Add +705.0% | 16,100 | $3.5M |
| CRWV Coreweave Inc. Class A | call | New | 32,000 | $3.2M |
| BABA Alibaba Group Holding-SP ADR | call | New | 33,000 | $3.2M |
| QQQ Invesco QQQ Trust Series 1 | put | New | 4,000 | $2.9M |
| NFLX Netflix Inc. | call | New | 41,000 | $2.9M |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | put | Sold out | 35,000 | $2.8Mbefore exit |
| FIG Figma Inc. Class A | call | New | 142,000 | $2.6M |
| SNDK Sandisk Corp. | put | Sold out | 4,000 | $2.5Mbefore exit |
| TTWO Take-Two Interactive Softwre | call | New | 10,000 | $2.5M |
| OXY Occidental Petroleum Corp. | put | Sold out | 38,000 | $2.5Mbefore exit |
| ORCL Oracle Corp. | put | Reduce -65.9% | 15,500 | $2.3M |
| LULU Lululemon Athletica Inc. | call | Reduce -57.6% | 19,500 | $2.2M |
| XSD SS SPDR S&P Semiconductor | put | New | 3,500 | $2.2M |
| V Visa Inc. Class A | put | Sold out | 7,000 | $2.1Mbefore exit |
| NKE Nike Inc. Class B | put | Reduce -6.2% | 47,000 | $1.9M |
| CRWD CrowdStrike Holdings Inc. Class A | put | New | 2,500 | $1.9M |
| WMT Walmart Inc. | put | Add +675.0% | 15,500 | $1.8M |
| AFRM Affirm Holdings Inc. | call | Reduce -75.9% | 21,000 | $1.7M |
| META Meta Platforms Inc. Class A | put | New | 3,000 | $1.7M |
| CAT Caterpillar Inc. | put | New | 1,500 | $1.6M |
| CSCO Cisco Systems Inc. | put | New | 13,000 | $1.5M |
| MCD McDonald's Corp. | call | New | 5,500 | $1.5M |
| LITE Lumentum Holdings Inc. | put | Sold out | 2,100 | $1.5Mbefore exit |
| IGV iShares Expanded Tech-Softwa | call | Sold out | 18,000 | $1.4Mbefore exit |
| GOOGL Alphabet Inc. Class A | put | New | 4,000 | $1.4M |
| AVGO Broadcom Inc. | call | Add +32.0% | 3,300 | $1.2M |
| KKR KKR & Co. Inc. | put | Reduce -39.2% | 12,400 | $1.1M |
| RIVN Rivian Automotive Inc. Class A | call | Reduce -59.9% | 63,000 | $1.1M |
| WYNN WYNN Resorts Ltd. | call | New | 10,000 | $971K |
| RDDT Reddit Inc. Class A | call | Add +175.0% | 5,500 | $955K |
| MSFU Direxion Daily MSFT Bull 2X | call | New | 40,000 | $884K |
| OUST Ouster Inc. | call | New | 14,000 | $875K |
| MELI MercadoLibre Inc. | call | Sold out | 500 | $865Kbefore exit |
| APA Apa Corp. | put | Sold out | 20,000 | $849Kbefore exit |
| HSAI Hesai Group | call | New | 45,000 | $820K |
| COMP Compass Inc. Class A | call | Add +160.0% | 65,000 | $801K |
| FLUT Flutter Entertainment PLC-Di | call | Sold out | 7,500 | $765Kbefore exit |
| MRNA Moderna Inc. | call | Add +162.5% | 10,500 | $735K |
| Z Zillow Group Inc. Class C | call | New | 23,000 | $725K |
Showing the first 50 of 78.
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.