INTERCAPITAL, LLC
13F Reported Value
ⓘ$299.4M
incl. option notional
Equity Holdings
ⓘ$180.7M
Option Notional
ⓘ$118.7M
$45.3M puts / $73.4M calls
Holdings
108
Latest Filing
2026-03-31
Filing Quarter
Q1 2026
Portfolio Overview
INTERCAPITAL, LLC disclosed 108 positions worth $299.4M in its Form 13F-HR for Q1 2026 — $180.7M in common stock plus $118.7M of put/call option positions (reported at underlying notional value, not premium at risk), led by $MSFT (MICROSOFT CORP) calls, followed by $LULU and $RDDT. During the quarter the fund opened 51 new positions and exited 34 — including a new stake in $MSFT and a full exit from $AMZN. The portfolio is most concentrated in Technology (35.8% of disclosed assets). All figures are sourced directly from INTERCAPITAL, LLC’s Form 13F-HR filing with the SEC under CIK 2108411.
Sector Allocation
AUM History
Top Equity Holdings by Value
Option Positions
13F rules report options at the value of the underlying shares (notional) — not the premium paid or capital at risk. Shown separately from the equity sleeve above.
Quarterly Activity — Q1 2026
Click any card to unlockTop Holdings
- 83.7#15
Quality
$37.8M102,000 sh - 62.9#715
Quality
$13.3M87,000 sh - 79.3#59
Quality
$13.3M98,500 sh - 74.6
Quality
$12.3M59,000 sh - 83.7
Quality
$11.1M29,902 sh - 71.7
Quality
$10.7M233,368 sh SELECT SECTOR SPDR TR PUT
—Quality
$10.4M170,000 sh- 77.5
Quality
$9.9M5,750 sh - 51.8
Quality
$7.4M37,000 sh - 62.9
Quality
$7.0M46,000 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
 MICROSOFT CORP$MSFTCALL | 83.7#15 | $37.8M | 102,000 |
 lululemon athletica inc.$LULU | 62.9#715 | $13.3M | 87,000 |
 Reddit, Inc.$RDDT | 79.3#59 | $13.3M | 98,500 |
 AMAZON COM INC$AMZN | 74.6 | $12.3M | 59,000 |
| MICROSOFT CORP$MSFT | 83.7 | $11.1M | 29,902 |
 Affirm Holdings, Inc.$AFRM | 71.7 | $10.7M | 233,368 |
| SELECT SECTOR SPDR TR PUT | — | $10.4M | 170,000 |
 MERCADOLIBRE INC$MELI | 77.5 | $9.9M | 5,750 |
 BOEING CO$BA | 51.8 | $7.4M | 37,000 |
| lululemon athletica inc.$LULUCALL | 62.9 | $7.0M | 46,000 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of INTERCAPITAL, LLC's 108 positions.
Showing top 10 of 108 holdings.
Sector Allocation
Technology
$64.7M
Consumer Discretionary
$39.0M
Financials
$33.4M
Industrials
$23.1M
Real Estate
$9.6M
Other
$4.1M
Healthcare
$3.6M
Energy
$2.1M
Full Holdings — INTERCAPITAL, LLC (Q1 2026)
All 108 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.
| # | Ticker | Company | Value | Weight | QoQ | Quality |
|---|---|---|---|---|---|---|
| 1 | $MSFTCALL | MICROSOFT CORP | $37.8M | — | NEW | 83.7 |
| 2 | $LULU | lululemon athletica inc. | $13.3M | 7.4% | +753% | 62.9 |
| 3 | $RDDT | Reddit, Inc. | $13.3M | 7.3% | +6467% | 79.3 |
| 4 | $AMZN | AMAZON COM INC | $12.3M | 6.8% | -12% | 74.6 |
| 5 | $MSFT | MICROSOFT CORP | $11.1M | 6.1% | +612% | 83.7 |
| 6 | $AFRM | Affirm Holdings, Inc. | $10.7M | 5.9% | +30% | 71.7 |
| 7 | — | SELECT SECTOR SPDR TR | $10.4M | — | NEW | — |
| 8 | $MELI | MERCADOLIBRE INC | $9.9M | 5.5% | +596% | 77.5 |
| 9 | $BA | BOEING CO | $7.4M | 4.1% | -26% | 51.8 |
| 10 | $LULUCALL | lululemon athletica inc. | $7.0M | — | NEW | 62.9 |
| 11 |  $DAVE | Dave Inc./DE | $6.9M | 3.8% | NEW | 78.1 |
| 12 |  $ORCLPUT | ORACLE CORP | $6.7M | — | +82% | 67.2 |
| 13 |  $COMP | Compass, Inc. | $6.3M | 3.5% | -37% | 58.3 |
| 14 | — | ISHARES TR | $6.1M | — | +0% | — |
| 15 |  $DUOL | Duolingo, Inc. | $5.9M | 3.3% | NEW | 82 |
| 16 |  $SE | Sea Ltd | $5.8M | 3.2% | +86% | — |
| 17 |  $AVGO | Broadcom Inc. | $5.7M | 3.2% | +825% | 86.4 |
| 18 | $DUOLCALL | Duolingo, Inc. | $5.7M | — | NEW | 82 |
| 19 |  $CRCL | Circle Internet Group, Inc. | $5.5M | 3.0% | NEW | 44.8 |
| 20 |  $TSM | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | $5.0M | 2.8% | -21% | — |
| 21 |  $WIX | Wix.com Ltd. | $4.2M | 2.3% | +2% | — |
| 22 | $AFRMCALL | Affirm Holdings, Inc. | $4.0M | — | +371% | 71.7 |
| 23 | — | VANECK ETF TRUST | $3.8M | — | -43% | — |
| 24 |  $RIVN | Rivian Automotive, Inc. / DE | $3.4M | 1.9% | -58% | 36 |
| 25 |  $PLD | Prologis, Inc. | $3.3M | 1.8% | -51% | 67.5 |
| 26 |  $HIMS | Hims & Hers Health, Inc. | $3.3M | 1.8% | NEW | 50.9 |
| 27 |  $TSLAPUT | Tesla, Inc. | $3.0M | — | NEW | 50.1 |
| 28 | — | ISHARES TR | $2.8M | — | NEW | — |
| 29 |  $FBTC | Fidelity Wise Origin Bitcoin Fund | $2.8M | 1.5% | NEW | — |
| 30 |  $AAPL | Apple Inc. | $2.7M | 1.5% | +346% | 76.1 |
| 31 |  $NKEPUT | NIKE, Inc. | $2.6M | — | +258% | 53.4 |
| 32 |  $SNDKPUT | Sandisk Corp | $2.5M | — | NEW | 88.8 |
| 33 |  $OXYPUT | OCCIDENTAL PETROLEUM CORP /DE/ | $2.5M | — | NEW | 66.3 |
| 34 |  $LPLA | LPL Financial Holdings Inc. | $2.4M | 1.3% | NEW | 61.8 |
| 35 | $RIVNCALL | Rivian Automotive, Inc. / DE | $2.4M | — | -85% | 36 |
| 36 |  $JPM | JPMORGAN CHASE & CO | $2.4M | 1.3% | NEW | 35.6 |
| 37 |  $SHOP | SHOPIFY INC. | $2.2M | 1.2% | +94% | — |
| 38 |  $NVDA | NVIDIA CORP | $2.2M | 1.2% | +62% | 90.2 |
| 39 |  $VPUT | VISA INC. | $2.1M | — | NEW | 83.5 |
| 40 |  $VG | Venture Global, Inc. | $1.9M | 1.1% | NEW | 69 |
| 41 |  $CRDO | Credo Technology Group Holding Ltd | $1.9M | 1.1% | NEW | — |
| 42 |  $KKRPUT | KKR & Co. Inc. | $1.9M | — | NEW | 49.8 |
| 43 |  $MU | MICRON TECHNOLOGY INC | $1.5M | 0.8% | -91% | 88.4 |
| 44 | $SECALL | Sea Ltd | $1.5M | — | NEW | — |
| 45 |  $FIG | Figma, Inc. | $1.5M | 0.8% | NEW | 45.2 |
| 46 |  $LITEPUT | Lumentum Holdings Inc. | $1.5M | — | NEW | 63.4 |
| 47 | — | ISHARES TR | $1.4M | — | -74% | — |
| 48 |  $SPYPUT | SPDR S&P 500 ETF TRUST | $1.4M | — | NEW | — |
| 49 |  $BABA | Alibaba Group Holding Ltd | $1.4M | 0.8% | -42% | — |
| 50 |  $WDCPUT | WESTERN DIGITAL CORP | $1.4M | — | NEW | 76.8 |
| 51 |  $RTX | RTX Corp | $1.3M | 0.7% | NEW | 70 |
| 52 | $WDC | WESTERN DIGITAL CORP | $1.2M | 0.7% | -70% | 76.8 |
| 53 |  $BROS | Dutch Bros Inc. | $1.2M | 0.7% | +0% | 65.9 |
| 54 |  $APP | AppLovin Corp | $1.2M | 0.7% | +100% | 86.8 |
| 55 | — | ISHARES TR | $1.2M | 0.6% | -77% | — |
| 56 |  $HOOD | Robinhood Markets, Inc. | $1.1M | 0.6% | NEW | 75.8 |
| 57 |  $BIDU | Baidu, Inc. | $1.0M | 0.6% | -33% | — |
| 58 |  $XPEV | XPENG INC. | $987,247 | 0.6% | +131% | — |
| 59 | — | ISHARES TR | $974,685 | 0.5% | -51% | — |
| 60 |  $ONON | On Holding AG | $969,570 | 0.5% | +0% | — |
| 61 |  $PDD | PDD Holdings Inc. | $899,184 | 0.5% | -26% | — |
| 62 |  $IBKR | Interactive Brokers Group, Inc. | $871,910 | 0.5% | -32% | 75.5 |
| 63 | $MELICALL | MERCADOLIBRE INC | $864,510 | — | +400% | 77.5 |
| 64 |  $APAPUT | APA Corp | $848,800 | — | NEW | — |
| 65 |  $TDG | TransDigm Group INC | $811,272 | 0.5% | NEW | 75.4 |
| 66 |  $FLUT | Flutter Entertainment plc | $802,550 | 0.4% | NEW | — |
| 67 |  $RGR | STURM RUGER & CO INC | $801,800 | 0.4% | NEW | 35.7 |
| 68 |  $FSLR | FIRST SOLAR, INC. | $789,040 | 0.4% | -78% | 73.8 |
| 69 | $AVGOCALL | Broadcom Inc. | $773,775 | — | NEW | 86.4 |
| 70 | $FLUTCALL | Flutter Entertainment plc | $764,625 | — | NEW | — |
| 71 |  $FCXPUT | FREEPORT-MCMORAN INC | $705,360 | — | NEW | 73.1 |
| 72 |  $LTH | Life Time Group Holdings, Inc. | $673,500 | 0.4% | NEW | 67.8 |
| 73 | — | DIREXION SHARES ETF TRUST | $644,280 | 0.4% | NEW | — |
| 74 |  $DOCUCALL | DOCUSIGN, INC. | $616,330 | — | NEW | 67.5 |
| 75 | — | BITMINE IMMERSION TECNOLOGIE | $593,400 | — | NEW | — |
| 76 |  $PLTR | Palantir Technologies Inc. | $585,120 | 0.3% | NEW | 85.8 |
| 77 |  $BXCALL | Blackstone Inc. | $574,950 | — | NEW | 68 |
| 78 |  $SNAPCALL | Snap Inc | $561,200 | — | +144% | 46.8 |
| 79 |  $RKT | Rocket Companies, Inc. | $543,566 | 0.3% | +0% | — |
| 80 | — | TIDAL TRUST II | $525,340 | 0.3% | NEW | — |
| 81 | — | VANGUARD WORLD FD | $519,600 | 0.3% | -50% | — |
| 82 |  $S | SentinelOne, Inc. | $515,200 | 0.3% | NEW | 41.4 |
| 83 |  $PTON | PELOTON INTERACTIVE, INC. | $514,800 | 0.3% | -65% | 41.6 |
| 84 | — | ISHARES TR | $496,000 | — | NEW | — |
| 85 |  $COHR | COHERENT CORP. | $452,599 | 0.3% | -83% | 64 |
| 86 | $WIXCALL | Wix.com Ltd. | $450,350 | — | -50% | — |
| 87 |  $HXL | HEXCEL CORP /DE/ | $404,650 | 0.2% | -80% | 50.5 |
| 88 |  $DAL | DELTA AIR LINES, INC. | $398,880 | 0.2% | -84% | 64.4 |
| 89 | $BACALL | BOEING CO | $398,060 | — | -98% | 51.8 |
| 90 |  $CPNG | Coupang, Inc. | $393,327 | 0.2% | -83% | 56.4 |
| 91 |  $KLARCALL | Klarna Group plc | $392,700 | — | NEW | — |
| 92 |  $CRM | Salesforce, Inc. | $373,340 | 0.2% | NEW | 75.2 |
| 93 |  $TGT | TARGET CORP | $363,600 | 0.2% | -76% | 53.1 |
| 94 |  $UPSTCALL | Upstart Holdings, Inc. | $359,100 | — | NEW | 51.7 |
| 95 |  $SBUXPUT | STARBUCKS CORP | $358,360 | — | NEW | 54.6 |
| 96 | $VGCALL | Venture Global, Inc. | $315,200 | — | NEW | 69 |
| 97 |  $EVR | Evercore Inc. | $298,510 | 0.2% | -65% | 76.1 |
| 98 | $CRCLCALL | Circle Internet Group, Inc. | $286,230 | — | NEW | 44.8 |
| 99 |  $META | Meta Platforms, Inc. | $286,065 | 0.2% | +0% | 80.9 |
| 100 | — | PROSHARES TR | $280,020 | 0.1% | -45% | — |
| 101 |  $LLY | ELI LILLY & Co | $275,931 | 0.1% | -50% | 89.3 |
| 102 | $RDDTCALL | Reddit, Inc. | $269,300 | — | NEW | 79.3 |
| 103 |  $BE | Bloom Energy Corp | $257,702 | 0.1% | -68% | 54.4 |
| 104 |  $WMTPUT | Walmart Inc. | $248,560 | — | -87% | 63.2 |
| 105 |  $MRNACALL | Moderna, Inc. | $203,200 | — | -80% | 15.9 |
| 106 | $COMPCALL | Compass, Inc. | $182,750 | — | -95% | 58.3 |
| 107 |  $SOC | Sable Offshore Corp. | $165,200 | 0.1% | NEW | — |
| 108 |  $JOBY | Joby Aviation, Inc. | $83,426 | 0.1% | NEW | 28.7 |
New Positions (51)
$MSFTCALL MICROSOFT CORP$37.8M$LULUCALL lululemon athletica inc.$7.0M$DAVE Dave Inc./DE$6.9M$DUOL Duolingo, Inc.$5.9M$DUOLCALL Duolingo, Inc.$5.7M$CRCL Circle Internet Group, Inc.$5.5M$HIMS Hims & Hers Health, Inc.$3.3M$TSLAPUT Tesla, Inc.$3.0M$FBTC Fidelity Wise Origin Bitcoin Fund$2.8M$SNDKPUT Sandisk Corp$2.5M$OXYPUT OCCIDENTAL PETROLEUM CORP /DE/$2.5M$LPLA LPL Financial Holdings Inc.$2.4M$JPM JPMORGAN CHASE & CO$2.4MExited Positions (34)
$AMZNCALL AMAZON COM INC$TGTCALL TARGET CORP
$ARKB Ark 21Shares Bitcoin ETF
$WYNN WYNN RESORTS LTD
$DKNGPUT DraftKings Inc.$NVDAPUT NVIDIA CORP
$ZCALL ZILLOW GROUP, INC.
$CART Maplebear Inc.
$VITL Vital Farms, Inc.
$NCLH Norwegian Cruise Line Holdings Ltd.
$LYFT Lyft, Inc.$Z ZILLOW GROUP, INC.
$PONY Pony AI Inc.
$LAZ Lazard, Inc.Browse Top Institutional Investors
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