Intercapital, LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Intercapital, LLC reported 66 stock positions worth $180.7 million. Its top holding was Lululemon Athletica (LULU) at 7.4% of the portfolio, followed by Reddit Class A (RDDT, 7.3%) and Amazon.com (AMZN, 6.8%). Compared with Q4 2025, it opened 23 new positions, sold out of 24, added to 13 and reduced 26. The biggest buy was Reddit Class A (RDDT, shares +6467%) and the biggest sale Micron Technology (MU, shares −91%).
- Most Recent 13F
- Q2 2026
- Location
- AUSTIN, TX
- CIK
- 0002108411
- Portfolio Value
- $180.7M (Q1 2026)
- SEC Filing
- 0001214659-26-006312 ↗ filed May 15, 2026
Holdings Value
Holdings 66 stocks · $180.7M
| LULU Lululemon Athletica Inc. | 7.37% | 87,000 | $13.3M | Add +752.9% |
| RDDT Reddit Inc. Class A | 7.34% | 98,500 | $13.3M | Add +6466.7% |
| AMZN Amazon.com Inc. | 6.80% | 59,000 | $12.3M | Reduce -12.0% |
| MSFT Microsoft Corp. | 6.13% | 29,902 | $11.1M | Add +612.0% |
| AFRM Affirm Holdings Inc. | 5.92% | 233,368 | $10.7M | Add +29.8% |
| MELI MercadoLibre Inc. | 5.50% | 5,750 | $9.9M | Add +596.1% |
| BA The Boeing Co. | 4.08% | 37,000 | $7.4M | Reduce -25.7% |
| DAVE Dave Inc. | 3.80% | 39,386 | $6.9M | New |
| COMP Compass Inc. Class A | 3.51% | 868,462 | $6.3M | Reduce -36.7% |
| DUOL Duolingo | 3.27% | 60,000 | $5.9M | New |
| SE Sea Ltd.-ADR | 3.20% | 69,713 | $5.8M | Add +86.3% |
| AVGO Broadcom Inc. | 3.17% | 18,500 | $5.7M | Add +825.0% |
| CRCL Circle Internet Group Inc. | 3.02% | 57,200 | $5.5M | New |
| TSM Taiwan Semiconductor-SP ADR | 2.79% | 14,900 | $5.0M | Reduce -20.9% |
| WIX Wix.com Ltd. | 2.32% | 46,575 | $4.2M | Add +1.8% |
| RIVN Rivian Automotive Inc. Class A | 1.88% | 225,436 | $3.4M | Reduce -57.6% |
| PLD Prologis Inc. | 1.82% | 24,900 | $3.3M | Reduce -50.5% |
| HIMS Hims & Hers Health Inc. | 1.82% | 158,509 | $3.3M | New |
| FBTC Fidelity Wise Origin Bitcoin | 1.54% | 47,000 | $2.8M | New |
| AAPL Apple Inc. | 1.50% | 10,700 | $2.7M | Add +345.8% |
| LPLA LPL Financial Holdings Inc. | 1.33% | 8,000 | $2.4M | New |
| JPM JPMorgan Chase & Co. | 1.30% | 8,000 | $2.4M | New |
| SHOP Shopify Inc. Class A | 1.22% | 18,595 | $2.2M | Add +93.8% |
| NVDA Nvidia Corp. | 1.21% | 12,500 | $2.2M | Add +61.8% |
| VG Venture Global Inc. Class A | 1.07% | 122,492 | $1.9M | New |
| CRDO Credo Technology Group Holdi | 1.05% | 20,221 | $1.9M | New |
| MU Micron Technology Inc. | 0.84% | 4,500 | $1.5M | Reduce -91.4% |
| FIG Figma Inc. Class A | 0.82% | 70,169 | $1.5M | New |
| BABA Alibaba Group Holding-SP ADR | 0.76% | 11,000 | $1.4M | Reduce -42.1% |
| RTX RTX Corp. | 0.69% | 6,500 | $1.3M | New |
| WDC Western Digital Corp. | 0.67% | 4,500 | $1.2M | Reduce -70.0% |
| BROS Dutch Bros Inc. Class A | 0.67% | 23,945 | $1.2M | No change |
| APP AppLovin Corp. Class A | 0.66% | 3,000 | $1.2M | Add +100.0% |
| MCHI iShares MSCI China ETF | 0.64% | 20,473 | $1.2M | Reduce -76.8% |
| HOOD Robinhood Markets Inc. Class A | 0.61% | 16,000 | $1.1M | New |
| BIDU Baidu Inc. - Spon ADR | 0.56% | 9,000 | $1.0M | Reduce -33.3% |
| XPEV Xpeng Inc. - ADR | 0.55% | 57,700 | $987K | Add +130.8% |
| FXI iShares China Large-Cap ETF | 0.54% | 27,150 | $975K | Reduce -50.8% |
| ONON On Holding AG Class A filed as ON HLDG AG | 0.54% | 28,500 | $970K | No change |
| PDD PDD Holdings Inc. | 0.50% | 8,800 | $899K | Reduce -26.1% |
| IBKR Interactive Brokers Gro Class A | 0.48% | 13,000 | $872K | Reduce -31.6% |
| TDG Transdigm Group Inc. | 0.45% | 700 | $811K | New |
| FLUT Flutter Entertainment PLC-Di | 0.44% | 7,872 | $803K | New |
| RGR Sturm Ruger & Co. Inc. | 0.44% | 20,000 | $802K | New |
| FSLR First Solar Inc. | 0.44% | 4,000 | $789K | Reduce -78.5% |
| LTH Life Time Group Holdings Inc. | 0.37% | 25,000 | $674K | New |
| MSFU Direxion Daily MSFT Bull 2X | 0.36% | 28,000 | $644K | New |
| PLTR Palantir Technologies Inc. Class A | 0.32% | 4,000 | $585K | New |
| RKT Rocket Cos Inc. Class A | 0.30% | 38,145 | $544K | No change |
| AVGX Defiance DLY TRG 2X LNG Avgo | 0.29% | 15,014 | $525K | New |
| EDV Vanguard Extended Dur Treas | 0.29% | 8,000 | $520K | Reduce -50.0% |
| S Sentinelone Inc. Class A | 0.29% | 40,000 | $515K | New |
| PTON Peloton Interactive Inc. Class A | 0.28% | 120,000 | $515K | Reduce -64.7% |
| COHR Coherent Corp. | 0.25% | 1,900 | $453K | Reduce -82.7% |
| HXL Hexcel Corp. | 0.22% | 5,000 | $405K | Reduce -80.0% |
| DAL Delta Air Lines Inc. | 0.22% | 6,000 | $399K | Reduce -83.8% |
| CPNG Coupang Inc. | 0.22% | 20,833 | $393K | Reduce -83.2% |
| CRM Salesforce Inc. | 0.21% | 2,000 | $373K | New |
| TGT Target Corp. | 0.20% | 3,000 | $364K | Reduce -76.0% |
| EVR Evercore Inc. Class A | 0.17% | 1,000 | $299K | Reduce -64.9% |
| META Meta Platforms Inc. Class A | 0.16% | 500 | $286K | No change |
| UWM Proshares Ultra RUSSELL2000 | 0.15% | 6,000 | $280K | Reduce -45.2% |
| LLY Eli Lilly & Co. | 0.15% | 300 | $276K | Reduce -50.0% |
| BE Bloom Energy Corp. Class A | 0.14% | 1,902 | $258K | Reduce -67.8% |
| SOC Sable Offshore Corp. | 0.09% | 10,000 | $165K | New |
| JOBY Joby Aviation Inc. | 0.05% | 10,100 | $83K | New |
Options reported separately and not counted above: MSFT calls ($37.8M), XLE puts ($10.4M), LULU calls ($7.0M), ORCL puts ($6.7M), TLT calls ($6.1M), DUOL calls ($5.7M), AFRM calls ($4.0M), SMH puts ($3.8M), TSLA puts ($3.0M), HYG puts ($2.8M), NKE puts ($2.6M), SNDK puts ($2.5M), and 30 more.
Portfolio Sells Q4 2025 → Q1 2026
| MU Micron Technology Inc. | Reduce -91.4% | 0.84% | −7.02 |
| TLT iShares 20+ Year Treasury BD | Sold out | 0.00% | −5.36 |
| COMP Compass Inc. Class A | Reduce -36.7% | 3.51% | −4.09 |
| RIVN Rivian Automotive Inc. Class A | Reduce -57.6% | 1.88% | −3.63 |
| ARKB ARK 21SHARES Bitcoin ETF | Sold out | 0.00% | −2.44 |
| MCHI iShares MSCI China ETF | Reduce -76.8% | 0.64% | −2.14 |
| FSLR First Solar Inc. | Reduce -78.5% | 0.44% | −2.11 |
| BA The Boeing Co. | Reduce -25.7% | 4.08% | −1.60 |
| PLD Prologis Inc. | Reduce -50.5% | 1.82% | −1.55 |
| WYNN WYNN Resorts Ltd. | Sold out | 0.00% | −1.38 |
| AMZN Amazon.com Inc. | Reduce -12.0% | 6.80% | −1.32 |
| CPNG Coupang Inc. | Reduce -83.2% | 0.22% | −1.31 |
| DAL Delta Air Lines Inc. | Reduce -83.8% | 0.22% | −1.13 |
| CQQQ Invesco China Technology ETF | Sold out | 0.00% | −1.04 |
| CART Maplebear Inc. | Sold out | 0.00% | −0.86 |
| COHR Coherent Corp. | Reduce -82.7% | 0.25% | −0.81 |
| PTON Peloton Interactive Inc. Class A | Reduce -64.7% | 0.28% | −0.81 |
| VITL Vital Farms Inc. | Sold out | 0.00% | −0.79 |
| HXL Hexcel Corp. | Reduce -80.0% | 0.22% | −0.75 |
| NCLH Norwegian Cruise Line Holdin | Sold out | 0.00% | −0.73 |
| BABA Alibaba Group Holding-SP ADR | Reduce -42.1% | 0.76% | −0.70 |
| WDC Western Digital Corp. | Reduce -70.0% | 0.67% | −0.68 |
| LYFT LYFT Inc. Class A | Sold out | 0.00% | −0.65 |
| Z Zillow Group Inc. Class C | Sold out | 0.00% | −0.59 |
| PONY Pony AI Inc. | Sold out | 0.00% | −0.58 |
| FXI iShares China Large-Cap ETF | Reduce -50.8% | 0.54% | −0.57 |
| LAZ Lazard Inc. | Sold out | 0.00% | −0.52 |
| TGT Target Corp. | Reduce -76.0% | 0.20% | −0.44 |
| TER Teradyne Inc. | Sold out | 0.00% | −0.39 |
| BIDU Baidu Inc. - Spon ADR | Reduce -33.3% | 0.56% | −0.37 |
| NFLX Netflix Inc. | Sold out | 0.00% | −0.37 |
| NU Nu Holdings Ltd./Cayman Isl-A | Sold out | 0.00% | −0.36 |
| WDAY Workday Inc. Class A | Sold out | 0.00% | −0.36 |
| EVR Evercore Inc. Class A | Reduce -64.9% | 0.17% | −0.34 |
| PFE Pfizer Inc. | Sold out | 0.00% | −0.33 |
| TTD Trade Desk Inc./the Class A | Sold out | 0.00% | −0.30 |
| EDV Vanguard Extended Dur Treas | Reduce -50.0% | 0.29% | −0.26 |
| PYPL PayPal Holdings Inc. | Sold out | 0.00% | −0.25 |
| SMCI Super Micro Computer Inc. | Sold out | 0.00% | −0.23 |
| GNRC Generac Holdings Inc. | Sold out | 0.00% | −0.22 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -20.9% | 2.79% | −0.21 |
| PDD PDD Holdings Inc. | Reduce -26.1% | 0.50% | −0.21 |
| LLY Eli Lilly & Co. | Reduce -50.0% | 0.15% | −0.19 |
| GS Goldman Sachs Group Inc. | Sold out | 0.00% | −0.18 |
| CRON Cronos Group Inc. | Sold out | 0.00% | −0.17 |
| BOEU Direxion Daily Ba Bull 2X Et | Sold out | 0.00% | −0.16 |
| NVO Novo-Nordisk A/S-Spons ADR | Sold out | 0.00% | −0.16 |
| IBKR Interactive Brokers Gro Class A | Reduce -31.6% | 0.48% | −0.16 |
| BE Bloom Energy Corp. Class A | Reduce -67.8% | 0.14% | −0.13 |
| UWM Proshares Ultra RUSSELL2000 | Reduce -45.2% | 0.15% | −0.12 |
Portfolio Buys Q4 2025 → Q1 2026
| RDDT Reddit Inc. Class A | Add +6466.7% | 7.34% | +7.16 |
| LULU Lululemon Athletica Inc. | Add +752.9% | 7.37% | +6.26 |
| MSFT Microsoft Corp. | Add +612.0% | 6.13% | +5.06 |
| MELI MercadoLibre Inc. | Add +596.1% | 5.50% | +4.63 |
| DAVE Dave Inc. | New | 3.80% | +3.80 |
| DUOL Duolingo | New | 3.27% | +3.27 |
| CRCL Circle Internet Group Inc. | New | 3.02% | +3.02 |
| AVGO Broadcom Inc. | Add +825.0% | 3.17% | +2.81 |
| HIMS Hims & Hers Health Inc. | New | 1.82% | +1.82 |
| FBTC Fidelity Wise Origin Bitcoin | New | 1.54% | +1.54 |
| LPLA LPL Financial Holdings Inc. | New | 1.33% | +1.33 |
| JPM JPMorgan Chase & Co. | New | 1.30% | +1.30 |
| AAPL Apple Inc. | Add +345.8% | 1.50% | +1.16 |
| VG Venture Global Inc. Class A | New | 1.07% | +1.07 |
| CRDO Credo Technology Group Holdi | New | 1.05% | +1.05 |
| FIG Figma Inc. Class A | New | 0.82% | +0.82 |
| RTX RTX Corp. | New | 0.69% | +0.69 |
| SE Sea Ltd.-ADR | Add +86.3% | 3.20% | +0.69 |
| HOOD Robinhood Markets Inc. Class A | New | 0.61% | +0.61 |
| NVDA Nvidia Corp. | Add +61.8% | 1.21% | +0.45 |
| TDG Transdigm Group Inc. | New | 0.45% | +0.45 |
| FLUT Flutter Entertainment PLC-Di | New | 0.44% | +0.44 |
| RGR Sturm Ruger & Co. Inc. | New | 0.44% | +0.44 |
| SHOP Shopify Inc. Class A | Add +93.8% | 1.22% | +0.41 |
| LTH Life Time Group Holdings Inc. | New | 0.37% | +0.37 |
| MSFU Direxion Daily MSFT Bull 2X | New | 0.36% | +0.36 |
| PLTR Palantir Technologies Inc. Class A | New | 0.32% | +0.32 |
| AVGX Defiance DLY TRG 2X LNG Avgo | New | 0.29% | +0.29 |
| S Sentinelone Inc. Class A | New | 0.29% | +0.29 |
| XPEV Xpeng Inc. - ADR | Add +130.8% | 0.55% | +0.28 |
| CRM Salesforce Inc. | New | 0.21% | +0.21 |
| APP AppLovin Corp. Class A | Add +100.0% | 0.66% | +0.13 |
| SOC Sable Offshore Corp. | New | 0.09% | +0.09 |
| JOBY Joby Aviation Inc. | New | 0.05% | +0.05 |
| WIX Wix.com Ltd. | Add +1.8% | 2.32% | −0.17 |
| AFRM Affirm Holdings Inc. | Add +29.8% | 5.92% | −1.10 |
Options Activity Q4 2025 → Q1 2026
| MSFT Microsoft Corp. | call | New | 102,000 | $37.8M |
| XLE SS Energy Select Sector | put | New | 170,000 | $10.4M |
| AMZN Amazon.com Inc. | call | Sold out | 44,000 | $10.2Mbefore exit |
| LULU Lululemon Athletica Inc. | call | New | 46,000 | $7.0M |
| ORCL Oracle Corp. | put | Add +82.0% | 45,500 | $6.7M |
| DUOL Duolingo | call | New | 57,500 | $5.7M |
| TGT Target Corp. | call | Sold out | 50,200 | $4.9Mbefore exit |
| AFRM Affirm Holdings Inc. | call | Add +370.8% | 87,100 | $4.0M |
| SMH Vaneck Semiconductor ETF | put | Reduce -42.9% | 10,000 | $3.8M |
| TSLA Tesla Inc. | put | New | 8,000 | $3.0M |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | put | New | 35,000 | $2.8M |
| NKE Nike Inc. Class B | put | Add +257.9% | 50,100 | $2.6M |
| SNDK Sandisk Corp. | put | New | 4,000 | $2.5M |
| OXY Occidental Petroleum Corp. | put | New | 38,000 | $2.5M |
| RIVN Rivian Automotive Inc. Class A | call | Reduce -84.8% | 157,000 | $2.4M |
| V Visa Inc. Class A | put | New | 7,000 | $2.1M |
| DKNG Draftkings Inc. Class A | put | Sold out | 55,000 | $1.9Mbefore exit |
| KKR KKR & Co. Inc. | put | New | 20,400 | $1.9M |
| NVDA Nvidia Corp. | put | Sold out | 10,000 | $1.9Mbefore exit |
| Z Zillow Group Inc. Class C | call | Sold out | 25,000 | $1.7Mbefore exit |
| SE Sea Ltd.-ADR | call | New | 18,000 | $1.5M |
| LITE Lumentum Holdings Inc. | put | New | 2,100 | $1.5M |
| IGV iShares Expanded Tech-Softwa | call | New | 18,000 | $1.4M |
| SPY SS SPDR S&P 500 ETF Trust-US | put | New | 2,200 | $1.4M |
| WDC Western Digital Corp. | put | New | 5,000 | $1.4M |
| MCHI iShares MSCI China ETF | call | Sold out | 20,100 | $1.2Mbefore exit |
| MELI MercadoLibre Inc. | call | Add +400.0% | 500 | $865K |
| APA Apa Corp. | put | New | 20,000 | $849K |
| CAVA Cava Group Inc. | call | Sold out | 14,000 | $821Kbefore exit |
| CNC Centene Corp. | call | Sold out | 19,500 | $802Kbefore exit |
| AVGO Broadcom Inc. | call | New | 2,500 | $774K |
| FLUT Flutter Entertainment PLC-Di | call | New | 7,500 | $765K |
| TTD Trade Desk Inc./the Class A | call | Sold out | 20,000 | $759Kbefore exit |
| FCX Freeport-McMoran Inc. | put | New | 12,000 | $705K |
| DOCU Docusign Inc. | call | New | 13,000 | $616K |
| BMNR Bitmine Immersion Technologi | call | New | 30,000 | $593K |
| BX Blackstone Inc. | call | New | 5,000 | $575K |
| SNAP Snap Inc. Class A | call | Add +144.0% | 122,000 | $561K |
| IWM iShares Russell 2000 ETF | put | New | 2,000 | $496K |
| VITL Vital Farms Inc. | call | Sold out | 15,500 | $495Kbefore exit |
| WIX Wix.com Ltd. | call | Reduce -50.0% | 5,000 | $450K |
| BA The Boeing Co. | call | Reduce -97.7% | 2,000 | $398K |
| KLAR Klarna Group PLC | call | New | 30,000 | $393K |
| UPST Upstart Holdings Inc. | call | New | 14,000 | $359K |
| SBUX Starbucks Corp. | put | New | 4,000 | $358K |
| VG Venture Global Inc. Class A | call | New | 20,000 | $315K |
| CRCL Circle Internet Group Inc. | call | New | 3,000 | $286K |
| RDDT Reddit Inc. Class A | call | New | 2,000 | $269K |
| FSLR First Solar Inc. | call | Sold out | 1,000 | $261Kbefore exit |
| WMT Walmart Inc. | put | Reduce -86.7% | 2,000 | $249K |
Showing the first 50 of 53.
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.