Q1 2026 · 13F-HR
INTERCAPITAL, LLCholdings as filed
Filed 2026-05-15 · accession 0001214659-26-006312
$299.4M
Reported value
108
Positions
2026-03-31
Period end
The Brief · INTERCAPITAL, LLC · Q1 2026
AI · grounded in 13F
INTERCAPITAL, LLC established a new position in DUOL valued at $11.58M. The fund also opened a new position in XLE for $10.41M and significantly increased its holdings in RDDT by 6,600%. On the sell side, the fund trimmed its position in MU by 91.43% and reduced its stake in RIVN by 75.53%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 594918104 | MSFT | MICROSOFT CORP | $37.8M | 12.6% | 102,000 | CALL | NONE |
| 550021109 | LULU | LULULEMON ATHLETICA INC | $13.3M | 4.45% | 87,000 | Common | SOLE |
| 75734B100 | RDDT | REDDIT INC | $13.3M | 4.43% | 98,500 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $12.3M | 4.10% | 59,000 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $11.1M | 3.70% | 29,902 | Common | SOLE |
| 00827B106 | AFRM | AFFIRM HLDGS INC | $10.7M | 3.57% | 233,368 | Common | SOLE |
| 81369Y506 | XLE | SELECT SECTOR SPDR TR | $10.4M | 3.48% | 170,000 | PUT | NONE |
| 58733R102 | MELI | MERCADOLIBRE INC | $9.9M | 3.32% | 5,750 | Common | SOLE |
| 097023105 | BA | BOEING CO | $7.4M | 2.46% | 37,000 | Common | SOLE |
| 550021109 | LULU | LULULEMON ATHLETICA INC | $7.0M | 2.35% | 46,000 | CALL | NONE |
| 23834J201 | DAVE | DAVE INC | $6.9M | 2.29% | 39,386 | Common | SOLE |
| 68389X105 | ORCL | ORACLE CORP | $6.7M | 2.24% | 45,500 | PUT | NONE |
| 20464U100 | COMP | COMPASS INC | $6.3M | 2.12% | 868,462 | Common | SOLE |
| 464287432 | TLT | ISHARES TR | $6.1M | 2.03% | 70,000 | CALL | NONE |
| 26603R106 | DUOL | DUOLINGO INC | $5.9M | 1.98% | 60,000 | Common | SOLE |
| 81141R100 | SE | SEA LTD | $5.8M | 1.93% | 69,713 | Common | SOLE |
| 11135F101 | AVGO | BROADCOM INC | $5.7M | 1.91% | 18,500 | Common | SOLE |
| 26603R106 | DUOL | DUOLINGO INC | $5.7M | 1.89% | 57,500 | CALL | NONE |
| 172573107 | CRCL | CIRCLE INTERNET GROUP INC | $5.5M | 1.82% | 57,200 | Common | SOLE |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MANUFAC | $5.0M | 1.68% | 14,900 | Common | SOLE |
| M98068105 | WIX | WIX COM LTD | $4.2M | 1.40% | 46,575 | Common | SOLE |
| 00827B106 | AFRM | AFFIRM HLDGS INC | $4.0M | 1.33% | 87,100 | CALL | NONE |
| 92189F676 | SMH | VANECK ETF TRUST | $3.8M | 1.28% | 10,000 | PUT | NONE |
| 76954A103 | RIVN | RIVIAN AUTOMOTIVE INC | $3.4M | 1.13% | 225,436 | Common | SOLE |
| 74340W103 | PLD | PROLOGIS INC. | $3.3M | 1.10% | 24,900 | Common | SOLE |
| 433000106 | HIMS | HIMS & HERS HEALTH INC | $3.3M | 1.10% | 158,509 | Common | SOLE |
| 88160R101 | TSLA | TESLA INC | $3.0M | 0.99% | 8,000 | PUT | NONE |
| 464288513 | HYG | ISHARES TR | $2.8M | 0.93% | 35,000 | PUT | NONE |
| 315948109 | FBTC | FIDELITY WISE ORIGIN BITCOIN | $2.8M | 0.93% | 47,000 | Common | SOLE |
| 037833100 | AAPL | APPLE INC | $2.7M | 0.91% | 10,700 | Common | SOLE |
| 654106103 | NKE | NIKE INC | $2.6M | 0.88% | 50,100 | PUT | NONE |
| 80004C200 | SNDK | SANDISK CORP | $2.5M | 0.85% | 4,000 | PUT | NONE |
| 674599105 | OXY | OCCIDENTAL PETE CORP | $2.5M | 0.83% | 38,000 | PUT | NONE |
| 50212V100 | LPLA | LPL FINL HLDGS INC | $2.4M | 0.80% | 8,000 | Common | SOLE |
| 76954A103 | RIVN | RIVIAN AUTOMOTIVE INC | $2.4M | 0.79% | 157,000 | CALL | NONE |
| 46625H100 | JPM | JPMORGAN CHASE & CO | $2.4M | 0.79% | 8,000 | Common | SOLE |
| 82509L107 | SHOP | SHOPIFY INC | $2.2M | 0.74% | 18,595 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $2.2M | 0.73% | 12,500 | Common | SOLE |
| 92826C839 | V | VISA INC | $2.1M | 0.71% | 7,000 | PUT | NONE |
| 92333F101 | VG | VENTURE GLOBAL INC | $1.9M | 0.64% | 122,492 | Common | SOLE |
| G25457105 | CRDO | CREDO TECHNOLOGY GROUP HOLDI | $1.9M | 0.63% | 20,221 | Common | SOLE |
| 48251W104 | KKR | KKR & CO INC | $1.9M | 0.63% | 20,400 | PUT | NONE |
| 595112103 | MU | MICRON TECHNOLOGY INC | $1.5M | 0.51% | 4,500 | Common | SOLE |
| 81141R100 | SE | SEA LTD | $1.5M | 0.50% | 18,000 | CALL | NONE |
| 316841105 | FIG | FIGMA INC | $1.5M | 0.50% | 70,169 | Common | SOLE |
| 55024U109 | LITE | LUMENTUM HLDGS INC | $1.5M | 0.49% | 2,100 | PUT | NONE |
| 464287515 | IGV | ISHARES TR | $1.4M | 0.48% | 18,000 | CALL | NONE |
| 78462F103 | SPY | STATE STR SPDR S&P 500 ETF T | $1.4M | 0.48% | 2,200 | PUT | NONE |
| 01609W102 | BABA | ALIBABA GROUP HLDG LTD | $1.4M | 0.46% | 11,000 | Common | SOLE |
| 958102105 | WDC | WESTERN DIGITAL CORP | $1.4M | 0.45% | 5,000 | PUT | NONE |
| 75513E101 | RTX | RTX CORPORATION | $1.3M | 0.42% | 6,500 | Common | SOLE |
| 958102105 | WDC | WESTERN DIGITAL CORP | $1.2M | 0.41% | 4,500 | Common | SOLE |
| 26701L100 | BROS | DUTCH BROS INC | $1.2M | 0.41% | 23,945 | Common | SOLE |
| 03831W108 | APP | APPLOVIN CORP | $1.2M | 0.40% | 3,000 | Common | SOLE |
| 46429B671 | MCHI | ISHARES TR | $1.2M | 0.38% | 20,473 | Common | SOLE |
| 770700102 | HOOD | ROBINHOOD MKTS INC | $1.1M | 0.37% | 16,000 | Common | SOLE |
| 056752108 | BIDU | BAIDU INC | $1.0M | 0.33% | 9,000 | Common | SOLE |
| 98422D105 | XPEV | XPENG INC | $987,247 | 0.33% | 57,700 | Common | SOLE |
| 464287184 | FXI | ISHARES TR | $974,685 | 0.33% | 27,150 | Common | SOLE |
| H5919C104 | ONON | ON HLDG AG | $969,570 | 0.32% | 28,500 | Common | SOLE |
| 722304102 | PDD | PDD HOLDINGS INC | $899,184 | 0.30% | 8,800 | Common | SOLE |
| 45841N107 | IBKR | INTERACTIVE BROKERS GROUP IN | $871,910 | 0.29% | 13,000 | Common | SOLE |
| 58733R102 | MELI | MERCADOLIBRE INC | $864,510 | 0.29% | 500 | CALL | NONE |
| 03743Q108 | APA | APA CORPORATION | $848,800 | 0.28% | 20,000 | PUT | NONE |
| 893641100 | TDG | TRANSDIGM GROUP INC | $811,272 | 0.27% | 700 | Common | SOLE |
| G3643J108 | FLUT | FLUTTER ENTMT PLC | $802,550 | 0.27% | 7,872 | Common | SOLE |
| 864159108 | RGR | STURM RUGER & CO INC | $801,800 | 0.27% | 20,000 | Common | SOLE |
| 336433107 | FSLR | FIRST SOLAR INC | $789,040 | 0.26% | 4,000 | Common | SOLE |
| 11135F101 | AVGO | BROADCOM INC | $773,775 | 0.26% | 2,500 | CALL | NONE |
| G3643J108 | FLUT | FLUTTER ENTMT PLC | $764,625 | 0.26% | 7,500 | CALL | NONE |
| 35671D857 | FCX | FREEPORT MCMORAN INC | $705,360 | 0.24% | 12,000 | PUT | NONE |
| 53190C102 | LTH | LIFE TIME GROUP HOLDINGS INC | $673,500 | 0.22% | 25,000 | Common | SOLE |
| 25461A866 | MSFU | DIREXION SHARES ETF TRUST | $644,280 | 0.22% | 28,000 | Common | SOLE |
| 256163106 | DOCU | DOCUSIGN INC | $616,330 | 0.21% | 13,000 | CALL | NONE |
| 09175A206 | BMNR | BITMINE IMMERSION TECNOLOGIE | $593,400 | 0.20% | 30,000 | CALL | NONE |
| 69608A108 | PLTR | PALANTIR TECHNOLOGIES INC | $585,120 | 0.20% | 4,000 | Common | SOLE |
| 09260D107 | BX | BLACKSTONE INC | $574,950 | 0.19% | 5,000 | CALL | NONE |
| 83304A106 | SNAP | SNAP INC | $561,200 | 0.19% | 122,000 | CALL | NONE |
| 77311W101 | RKT | ROCKET COS INC | $543,566 | 0.18% | 38,145 | Common | SOLE |
| 88636J238 | AVGX | TIDAL TRUST II | $525,340 | 0.18% | 15,014 | Common | SOLE |
| 921910709 | EDV | VANGUARD WORLD FD | $519,600 | 0.17% | 8,000 | Common | SOLE |
| 81730H109 | S | SENTINELONE INC | $515,200 | 0.17% | 40,000 | Common | SOLE |
| 70614W100 | PTON | PELOTON INTERACTIVE INC | $514,800 | 0.17% | 120,000 | Common | SOLE |
| 464287655 | IWM | ISHARES TR | $496,000 | 0.17% | 2,000 | PUT | NONE |
| 19247G107 | COHR | COHERENT CORP | $452,599 | 0.15% | 1,900 | Common | SOLE |
| M98068105 | WIX | WIX COM LTD | $450,350 | 0.15% | 5,000 | CALL | NONE |
| 428291108 | HXL | HEXCEL CORP NEW | $404,650 | 0.14% | 5,000 | Common | SOLE |
| 247361702 | DAL | DELTA AIR LINES INC | $398,880 | 0.13% | 6,000 | Common | SOLE |
| 097023105 | BA | BOEING CO | $398,060 | 0.13% | 2,000 | CALL | NONE |
| 22266T109 | CPNG | COUPANG INC | $393,327 | 0.13% | 20,833 | Common | SOLE |
| G5279N105 | KLAR | KLARNA GROUP PLC | $392,700 | 0.13% | 30,000 | CALL | NONE |
| 79466L302 | CRM | SALESFORCE INC | $373,340 | 0.12% | 2,000 | Common | SOLE |
| 87612E106 | TGT | TARGET CORP | $363,600 | 0.12% | 3,000 | Common | SOLE |
| 91680M107 | UPST | UPSTART HLDGS INC | $359,100 | 0.12% | 14,000 | CALL | NONE |
| 855244109 | SBUX | STARBUCKS CORP | $358,360 | 0.12% | 4,000 | PUT | NONE |
| 92333F101 | VG | VENTURE GLOBAL INC | $315,200 | 0.11% | 20,000 | CALL | NONE |
| 29977A105 | EVR | EVERCORE INC | $298,510 | 0.10% | 1,000 | Common | SOLE |
| 172573107 | CRCL | CIRCLE INTERNET GROUP INC | $286,230 | 0.10% | 3,000 | CALL | NONE |
| 30303M102 | META | META PLATFORMS INC | $286,065 | 0.10% | 500 | Common | SOLE |
| 74347R842 | UWM | PROSHARES TR | $280,020 | 0.09% | 6,000 | Common | SOLE |
| 532457108 | LLY | ELI LILLY & CO | $275,931 | 0.09% | 300 | Common | SOLE |
| 75734B100 | RDDT | REDDIT INC | $269,300 | 0.09% | 2,000 | CALL | NONE |
| 093712107 | BE | BLOOM ENERGY CORP | $257,702 | 0.09% | 1,902 | Common | SOLE |
| 931142103 | WMT | WALMART INC | $248,560 | 0.08% | 2,000 | PUT | NONE |
| 60770K107 | MRNA | MODERNA INC | $203,200 | 0.07% | 4,000 | CALL | NONE |
| 20464U100 | COMP | COMPASS INC | $182,750 | 0.06% | 25,000 | CALL | NONE |
| 78574H104 | SOC | SABLE OFFSHORE CORP | $165,200 | 0.06% | 10,000 | Common | SOLE |
| G65163100 | JOBY | JOBY AVIATION INC | $83,426 | 0.03% | 10,100 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.