Intercapital
AUSTIN, TXfiles as INTERCAPITAL, LLC
$228m in 64 US stocks at the end of 30 June 2026. The top 10 are 57.1% of the money. It changed about 38.6% of the portfolio this quarter.
Value
$228m
Stocks
64
Top 10 share
57.1%
Turnover
38.6%
What changed this quarter
New
Bought for the first time this quarter.
- Dell TechnologiesDELL3.7% of the fund
- Celsius HoldingsCELH1.9% of the fund
- CoreWeaveCRWV1.6% of the fund
- Comstock ResourcesCRK1.2% of the fund
- Wynn ResortsWYNN1.0% of the fund
- NetflixNFLX1.0% of the fund
- Take TWO Interactive SoftwareTTWO1.0% of the fund
- Advanced Micro DevicesAMD1.0% of the fund
- VistraVST0.9% of the fund
- OusterOUST0.9% of the fund
- Zillow GroupZ0.7% of the fund
- Kraneshares TrustKWEB0.6% of the fund
- ExelonEXC0.6% of the fund
- Constellation EnergyCEG0.5% of the fund
- Hesai GroupHSAI0.4% of the fund
- BlackstoneBX0.4% of the fund
- ServiceNowNOW0.3% of the fund
- Huntington Ingalls IndustriesHII0.2% of the fund
- Rocket LabRKLB0.2% of the fund
- Klarna GroupKLAR0.2% of the fund
- Caris Life SciencesCAI0.2% of the fund
- T1 EnergyTE0.1% of the fund
- Sony GroupSONY0.1% of the fund
- Kraneshares TrustKSTR0.1% of the fund
- NextnavNN<0.1% of the fund
Added
Bought more of a stock they already held.
- MicrosoftMSFT8.8% of the fund+79%
- Amazon.comAMZN6.7% of the fund+8%
- Credo Technology Group HoldingCRDO6.6% of the fund+174%
- Taiwan Semiconductor ManufacturingTSM5.1% of the fund+62%
- BroadcomAVGO4.6% of the fund+51%
- NvidiaNVDA4.2% of the fund+287%
- FigmaFIG2.3% of the fund+311%
- Rocket CompaniesRKT1.1% of the fund+306%
- ShopifySHOP1.0% of the fund+11%
- On Holding AGONON1.0% of the fund+126%
- AppLovinAPP0.8% of the fund+17%
- Dutch BrosBROS0.8% of the fund+4%
- RTXRTX0.7% of the fund+24%
- Alibaba Group HldgBABA0.6% of the fund+36%
- PDD HoldingsPDD0.3% of the fund+14%
Cut
Sold some of their stake.
- RedditRDDT6.8% of the fund-10%
- Affirm HoldingsAFRM5.6% of the fund-33%
- CompassCOMP4.5% of the fund-5%
- DaveDAVE4.3% of the fund-34%
- BoeingBA2.8% of the fund-22%
- MercadoLibreMELI2.3% of the fund-46%
- Micron TechnologyMU1.0% of the fund-56%
- DuolingoDUOL0.9% of the fund-70%
- JPMorgan ChaseJPM0.9% of the fund-25%
- Circle Internet GroupCRCL0.5% of the fund-65%
- Hims & Hers HealthHIMS0.5% of the fund-80%
- Western DigitalWDC0.5% of the fund-63%
- Venture GlobalVG0.3% of the fund-45%
- Ishares TRFXI0.2% of the fund-44%
- Sturm RugerRGR0.2% of the fund-40%
- Ishares TRMCHI0.1% of the fund-73%
- PrologisPLD0.1% of the fund-92%
- Rivian AutomotiveRIVN<0.1% of the fund-96%
Sold out
Sold their entire stake.
- lululemon athleticaLULU-100%
- Wix.comWIX-100%
- Fidelity Wise Origin BitcoinFBTC-100%
- AppleAAPL-100%
- Robinhood MarketsHOOD-100%
- BaiduBIDU-100%
- XpengXPEV-100%
- Interactive Brokers GroupIBKR-100%
- TransDigm GroupTDG-100%
- Flutter EntertainmentFLUT-100%
- First SolarFSLR-100%
- Life Time Group HoldingsLTH-100%
- Direxion Shares ETF TrustMSFU-100%
- Palantir TechnologiesPLTR-100%
- Tidal Trust IIAVGX-100%
- Vanguard World FDEDV-100%
- SentinelOneS-100%
- CoherentCOHR-100%
- Delta Air LinesDAL-100%
- CoupangCPNG-100%
- SalesforceCRM-100%
- TargetTGT-100%
- EvercoreEVR-100%
- Meta PlatformsMETA-100%
- Proshares TRUWM-100%
Holdings
- SeaSE
- Share
- 3.0%
- Value
- $7m
- Shares
- 70,694
Held
- Kraneshares TrustKWEB
- Share
- 0.6%
- Value
- $1m
- Shares
- 60,000
New
- Alibaba Group HldgBABA
- Share
- 0.6%
- Value
- $1m
- Shares
- 15,000
+36%
- Hesai GroupHSAI
- Share
- 0.4%
- Value
- $996,816
- Shares
- 54,710
New
- PDD HoldingsPDD
- Share
- 0.3%
- Value
- $762,800
- Shares
- 10,000
+14%
- Ishares TRFXI
- Share
- 0.2%
- Value
- $478,589
- Shares
- 15,150
-44%
- Sony GroupSONY
- Share
- 0.1%
- Value
- $300,900
- Shares
- 15,000
New
- Ishares TRMCHI
- Share
- 0.1%
- Value
- $279,260
- Shares
- 5,473
-73%
- Kraneshares TrustKSTR
- Share
- 0.1%
- Value
- $270,058
- Shares
- 8,348
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| MicrosoftMSFT | 8.8% | $20m | 53,590 | +79% |
| RedditRDDT | 6.8% | $15m | 89,000 | -10% |
| Amazon.comAMZN | 6.7% | $15m | 64,000 | +8% |
| Credo Technology Group HoldingCRDO | 6.6% | $15m | 55,500 | +174% |
| Affirm HoldingsAFRM | 5.6% | $13m | 156,568 | -33% |
| Taiwan Semiconductor ManufacturingTSM | 5.1% | $12m | 24,200 | +62% |
| BroadcomAVGO | 4.6% | $11m | 27,900 | +51% |
| CompassCOMP | 4.5% | $10m | 825,225 | -5% |
| DaveDAVE | 4.3% | $10m | 26,000 | -34% |
| NvidiaNVDA | 4.2% | $10m | 48,406 | +287% |
| Dell TechnologiesDELL | 3.7% | $8m | 19,500 | New |
| SeaSE | 3.0% | $7m | 70,694 | Held |
| BoeingBA | 2.8% | $6m | 29,000 | -22% |
| MercadoLibreMELI | 2.3% | $5m | 3,080 | -46% |
| FigmaFIG | 2.3% | $5m | 288,739 | +311% |
| Celsius HoldingsCELH | 1.9% | $4m | 150,000 | New |
| CoreWeaveCRWV | 1.6% | $4m | 36,500 | New |
| Comstock ResourcesCRK | 1.2% | $3m | 182,000 | New |
| Rocket CompaniesRKT | 1.1% | $2m | 154,840 | +306% |
| ShopifySHOP | 1.0% | $2m | 20,595 | +11% |
| Wynn ResortsWYNN | 1.0% | $2m | 24,000 | New |
| Micron TechnologyMU | 1.0% | $2m | 2,000 | -56% |
| NetflixNFLX | 1.0% | $2m | 32,000 | New |
| On Holding AGONON | 1.0% | $2m | 64,500 | +126% |
| Take TWO Interactive SoftwareTTWO | 1.0% | $2m | 9,100 | New |
| LPL Financial HoldingsLPLA | 1.0% | $2m | 8,000 | Held |
| Advanced Micro DevicesAMD | 1.0% | $2m | 3,800 | New |
| DuolingoDUOL | 0.9% | $2m | 18,000 | -70% |
| VistraVST | 0.9% | $2m | 12,900 | New |
| OusterOUST | 0.9% | $2m | 32,000 | New |
| JPMorgan ChaseJPM | 0.9% | $2m | 6,000 | -25% |
| AppLovinAPP | 0.8% | $2m | 3,500 | +17% |
| Dutch BrosBROS | 0.8% | $2m | 25,000 | +4% |
| RTXRTX | 0.7% | $2m | 8,050 | +24% |
| Zillow GroupZ | 0.7% | $2m | 48,000 | New |
| Kraneshares TrustKWEB | 0.6% | $1m | 60,000 | New |
| Alibaba Group HldgBABA | 0.6% | $1m | 15,000 | +36% |
| ExelonEXC | 0.6% | $1m | 30,000 | New |
| Circle Internet GroupCRCL | 0.5% | $1m | 20,000 | -65% |
| Constellation EnergyCEG | 0.5% | $1m | 5,000 | New |
| Hims & Hers HealthHIMS | 0.5% | $1m | 32,009 | -80% |
| Western DigitalWDC | 0.5% | $1m | 1,650 | -63% |
| Hesai GroupHSAI | 0.4% | $996,816 | 54,710 | New |
| BlackstoneBX | 0.4% | $941,360 | 8,000 | New |
| PDD HoldingsPDD | 0.3% | $762,800 | 10,000 | +14% |
| Venture GlobalVG | 0.3% | $750,952 | 67,471 | -45% |
| Peloton InteractivePTON | 0.3% | $709,200 | 120,000 | Held |
| ServiceNowNOW | 0.3% | $694,960 | 7,000 | New |
| Bloom EnergyBE | 0.3% | $575,735 | 1,902 | Held |
| HexcelHXL | 0.2% | $500,300 | 5,000 | Held |
| Ishares TRFXI | 0.2% | $478,589 | 15,150 | -44% |
| Huntington Ingalls IndustriesHII | 0.2% | $475,813 | 1,700 | New |
| Sturm RugerRGR | 0.2% | $457,985 | 12,100 | -40% |
| Rocket LabRKLB | 0.2% | $406,600 | 4,000 | New |
| Eli LillyLLY | 0.2% | $359,829 | 300 | Held |
| Klarna GroupKLAR | 0.2% | $356,588 | 17,618 | New |
| Caris Life SciencesCAI | 0.2% | $356,400 | 20,000 | New |
| T1 EnergyTE | 0.1% | $331,800 | 35,000 | New |
| Sony GroupSONY | 0.1% | $300,900 | 15,000 | New |
| Ishares TRMCHI | 0.1% | $279,260 | 5,473 | -73% |
| PrologisPLD | 0.1% | $270,940 | 2,000 | -92% |
| Kraneshares TrustKSTR | 0.1% | $270,058 | 8,348 | New |
| NextnavNN | <0.1% | $196,130 | 11,000 | New |
| Rivian AutomotiveRIVN | <0.1% | $173,500 | 10,000 | -96% |
Options (50)
- Amazon.comAMZN
- Type
- Call
- Value
- $46m
- Contracts
- 194,900
- NvidiaNVDA
- Type
- Call
- Value
- $17m
- Contracts
- 84,500
- State STR Spdr S&P 500 ETF TSPY
- Type
- Put
- Value
- $10m
- Contracts
- 14,000
- Ishares TRTLT
- Type
- Call
- Value
- $10m
- Contracts
- 110,000
- MicrosoftMSFT
- Type
- Call
- Value
- $8m
- Contracts
- 21,500
- Coca-ColaKO
- Type
- Put
- Value
- $5m
- Contracts
- 64,100
- Vaneck ETF TrustSMH
- Type
- Put
- Value
- $5m
- Contracts
- 7,000
- SeaSE
- Type
- Call
- Value
- $4m
- Contracts
- 43,500
- TeslaTSLA
- Type
- Put
- Value
- $4m
- Contracts
- 8,500
- AlphabetGOOG
- Type
- Put
- Value
- $4m
- Contracts
- 10,000
- BoeingBA
- Type
- Call
- Value
- $3m
- Contracts
- 16,100
- CoreWeaveCRWV
- Type
- Call
- Value
- $3m
- Contracts
- 32,000
- Alibaba Group HldgBABA
- Type
- Call
- Value
- $3m
- Contracts
- 33,000
- Invesco QQQ TRQQQ
- Type
- Put
- Value
- $3m
- Contracts
- 4,000
- NetflixNFLX
- Type
- Call
- Value
- $3m
- Contracts
- 41,000
- FigmaFIG
- Type
- Call
- Value
- $3m
- Contracts
- 142,000
- Take TWO Interactive SoftwareTTWO
- Type
- Call
- Value
- $2m
- Contracts
- 10,000
- OracleORCL
- Type
- Put
- Value
- $2m
- Contracts
- 15,500
- lululemon athleticaLULU
- Type
- Call
- Value
- $2m
- Contracts
- 19,500
- Spdr Series TrustXSD
- Type
- Put
- Value
- $2m
- Contracts
- 3,500
- NikeNKE
- Type
- Put
- Value
- $2m
- Contracts
- 47,000
- CrowdStrike HoldingsCRWD
- Type
- Put
- Value
- $2m
- Contracts
- 2,500
- WalmartWMT
- Type
- Put
- Value
- $2m
- Contracts
- 15,500
- Affirm HoldingsAFRM
- Type
- Call
- Value
- $2m
- Contracts
- 21,000
- Meta PlatformsMETA
- Type
- Put
- Value
- $2m
- Contracts
- 3,000
- CaterpillarCAT
- Type
- Put
- Value
- $2m
- Contracts
- 1,500
- Cisco SystemsCSCO
- Type
- Put
- Value
- $2m
- Contracts
- 13,000
- McDonald'sMCD
- Type
- Call
- Value
- $1m
- Contracts
- 5,500
- AlphabetGOOGL
- Type
- Put
- Value
- $1m
- Contracts
- 4,000
- BroadcomAVGO
- Type
- Call
- Value
- $1m
- Contracts
- 3,300
- KKRKKR
- Type
- Put
- Value
- $1m
- Contracts
- 12,400
- Rivian AutomotiveRIVN
- Type
- Call
- Value
- $1m
- Contracts
- 63,000
- Wynn ResortsWYNN
- Type
- Call
- Value
- $970,900
- Contracts
- 10,000
- RedditRDDT
- Type
- Call
- Value
- $954,690
- Contracts
- 5,500
- Direxion Shares ETF TrustMSFU
- Type
- Call
- Value
- $883,600
- Contracts
- 40,000
- OusterOUST
- Type
- Call
- Value
- $875,280
- Contracts
- 14,000
- Hesai GroupHSAI
- Type
- Call
- Value
- $819,900
- Contracts
- 45,000
- CompassCOMP
- Type
- Call
- Value
- $801,450
- Contracts
- 65,000
- ModernaMRNA
- Type
- Call
- Value
- $735,315
- Contracts
- 10,500
- Zillow GroupZ
- Type
- Call
- Value
- $724,960
- Contracts
- 23,000
- Novo Nordisk A SNVO
- Type
- Call
- Value
- $719,100
- Contracts
- 15,000
- Rocket CompaniesRKT
- Type
- Call
- Value
- $708,750
- Contracts
- 45,000
- Venture GlobalVG
- Type
- Call
- Value
- $645,540
- Contracts
- 58,000
- Super Micro ComputerSMCI
- Type
- Put
- Value
- $586,600
- Contracts
- 20,000
- StrategyMSTR
- Type
- Put
- Value
- $582,431
- Contracts
- 6,700
- Robinhood MarketsHOOD
- Type
- Put
- Value
- $501,400
- Contracts
- 5,000
- Celsius HoldingsCELH
- Type
- Call
- Value
- $439,200
- Contracts
- 15,000
- AppleAAPL
- Type
- Put
- Value
- $434,040
- Contracts
- 1,500
- ServiceNowNOW
- Type
- Put
- Value
- $397,120
- Contracts
- 4,000
- Western DigitalWDC
- Type
- Put
- Value
- $383,232
- Contracts
- 600
| Company | Type | Value | Contracts |
|---|---|---|---|
| Amazon.comAMZN | Call | $46m | 194,900 |
| NvidiaNVDA | Call | $17m | 84,500 |
| State STR Spdr S&P 500 ETF TSPY | Put | $10m | 14,000 |
| Ishares TRTLT | Call | $10m | 110,000 |
| MicrosoftMSFT | Call | $8m | 21,500 |
| Coca-ColaKO | Put | $5m | 64,100 |
| Vaneck ETF TrustSMH | Put | $5m | 7,000 |
| SeaSE | Call | $4m | 43,500 |
| TeslaTSLA | Put | $4m | 8,500 |
| AlphabetGOOG | Put | $4m | 10,000 |
| BoeingBA | Call | $3m | 16,100 |
| CoreWeaveCRWV | Call | $3m | 32,000 |
| Alibaba Group HldgBABA | Call | $3m | 33,000 |
| Invesco QQQ TRQQQ | Put | $3m | 4,000 |
| NetflixNFLX | Call | $3m | 41,000 |
| FigmaFIG | Call | $3m | 142,000 |
| Take TWO Interactive SoftwareTTWO | Call | $2m | 10,000 |
| OracleORCL | Put | $2m | 15,500 |
| lululemon athleticaLULU | Call | $2m | 19,500 |
| Spdr Series TrustXSD | Put | $2m | 3,500 |
| NikeNKE | Put | $2m | 47,000 |
| CrowdStrike HoldingsCRWD | Put | $2m | 2,500 |
| WalmartWMT | Put | $2m | 15,500 |
| Affirm HoldingsAFRM | Call | $2m | 21,000 |
| Meta PlatformsMETA | Put | $2m | 3,000 |
| CaterpillarCAT | Put | $2m | 1,500 |
| Cisco SystemsCSCO | Put | $2m | 13,000 |
| McDonald'sMCD | Call | $1m | 5,500 |
| AlphabetGOOGL | Put | $1m | 4,000 |
| BroadcomAVGO | Call | $1m | 3,300 |
| KKRKKR | Put | $1m | 12,400 |
| Rivian AutomotiveRIVN | Call | $1m | 63,000 |
| Wynn ResortsWYNN | Call | $970,900 | 10,000 |
| RedditRDDT | Call | $954,690 | 5,500 |
| Direxion Shares ETF TrustMSFU | Call | $883,600 | 40,000 |
| OusterOUST | Call | $875,280 | 14,000 |
| Hesai GroupHSAI | Call | $819,900 | 45,000 |
| CompassCOMP | Call | $801,450 | 65,000 |
| ModernaMRNA | Call | $735,315 | 10,500 |
| Zillow GroupZ | Call | $724,960 | 23,000 |
| Novo Nordisk A SNVO | Call | $719,100 | 15,000 |
| Rocket CompaniesRKT | Call | $708,750 | 45,000 |
| Venture GlobalVG | Call | $645,540 | 58,000 |
| Super Micro ComputerSMCI | Put | $586,600 | 20,000 |
| StrategyMSTR | Put | $582,431 | 6,700 |
| Robinhood MarketsHOOD | Put | $501,400 | 5,000 |
| Celsius HoldingsCELH | Call | $439,200 | 15,000 |
| AppleAAPL | Put | $434,040 | 1,500 |
| ServiceNowNOW | Put | $397,120 | 4,000 |
| Western DigitalWDC | Put | $383,232 | 600 |
Over time and by industry
Value over time
Dec '25
Jun '26
Value is up 19.6% since 31 December 2025.
Where the money is
Technology43.8%
Financial services13.9%
Retail & consumer10.8%
Media & telecom9.6%
Industrials5.4%
Real estate4.6%
Utilities2.4%
Everyday goods1.9%
Energy1.2%
Health care0.8%
Other5.6%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.