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INTERCAPITAL, LLC

Institutional InvestorSimilar funds →SEC EDGAR: CIK 2108411
Institutional-grade research for retail investors

Sector Allocation

  • Technology50.8%$115.8M
  • Financials13.9%$31.7M
  • Consumer Discretionary13.2%$30.0M
  • Industrials9.0%$20.4M
  • Real Estate4.6%$10.4M
  • Utilities2.1%$4.7M
  • Consumer Staples1.9%$4.4M
  • Energy1.5%$3.5M
  • Other1.1%$2.5M
  • Communication Services1.0%$2.3M

AUM History

13fpro.ai/research/fund/intercapital-llc-2108411

Largest positions — Q2 2026

Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.

13fpro.ai/research/fund/intercapital-llc-2108411

INTERCAPITAL, LLC 13F holdings — Q2 2026

$400.6M portfolio (+33.8% QoQ) · 121 holdings · Q2 2026 13F · top 10 are 57% of the stock portfolio

Includes $172.7M of put/call options ($51.0M puts, $121.6M calls), which 13F rules report at the value of the underlying shares, not the premium at risk. Stocks alone: $227.9M. Weights use the stock portfolio.

All holdings — INTERCAPITAL, LLC (Q2 2026)

121 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.

Company
AMZN$AMZNCALLAMAZON COM INC$46.5MNew
NVDA$NVDACALLNVIDIA CORP$16.9MNew
SPY$SPYPUTSPDR S&P 500 ETF TRUST$10.5M+536%
— CALLISHARES TR - 20 YR TR BD ETF$9.5M+57%
DELL$DELLDell Technologies Inc.$8.4MNew
MSFT$MSFTCALLMICROSOFT CORP$8.0M-79%
SE$SESea Ltdadr$6.8M+1%
BA$BABOEING CO$6.3M-22%
MELI$MELIMERCADOLIBRE INC$5.2M-46%
FIG$FIGFigma, Inc.$5.2M+311%
KO$KOPUTCOCA COLA CO$5.2MNew
— PUTVANECK ETF TRUST - SEMICONDUCTR ETF$4.6M-30%
CELH$CELHCelsius Holdings, Inc.$4.4MNew
SE$SECALLSea Ltd$4.2M+142%
CRWV$CRWVCoreWeave, Inc.$3.6MNew

What changed in Q2 2026

Against the previous quarter's 13F: 61 new, 27 added to, 28 trimmed, 48 sold out. Share-count changes; largest moves by dollar size first.

New positions (61)

  • AMZN$AMZNCALLAMAZON COM INC$46.5M

    first bought this quarter

  • NVDA$NVDACALLNVIDIA CORP$16.9M

    first bought this quarter

  • DELL$DELLDell Technologies Inc.$8.4M

    first bought this quarter

  • KO$KOPUTCOCA COLA CO$5.2M

    first bought this quarter

  • CELH$CELHCelsius Holdings, Inc.$4.4M

    first bought this quarter

  • CRWV$CRWVCoreWeave, Inc.$3.6M

    first bought this quarter

+55 more in the Excel export

Added to (27)

  • CRDO$CRDOCredo Technology Group Holding Ltd+174%

    now $15.1M · held 2 qtrs, 2 adds in a row

  • MSFT$MSFTMICROSOFT CORP+79%

    now $20.0M · held 3+ qtrs, 2 adds in a row

  • SPY$SPYPUTSPDR S&P 500 ETF TRUST+536%

    now $10.5M

  • NVDA$NVDANVIDIA CORP+287%

    now $9.7M · held 3+ qtrs, 2 adds in a row

  • TSM$TSMTAIWAN SEMICONDUCTOR MANUFACTURING CO LTD+62%

    now $11.6M · held 3+ qtrs

  • FIG$FIGFigma, Inc.+311%

    now $5.2M · held 2 qtrs, 2 adds in a row

+21 more in the Excel export

Trimmed (28)

  • MSFT$MSFTCALLMICROSOFT CORP-79%

    now $8.0M

  • DUOL$DUOLCALLDuolingo, Inc.-96%

    now $288K

  • AFRM$AFRMAffirm Holdings, Inc.-33%

    now $12.8M · held 3+ qtrs

  • AFRM$AFRMCALLAffirm Holdings, Inc.-76%

    now $1.7M

  • DAVE$DAVEDave Inc./DE-34%

    now $9.7M · held 2 qtrs

  • DUOL$DUOLDuolingo, Inc.-70%

    now $2.1M · held 2 qtrs

+22 more in the Excel export

Sold out (48)

  • LULU$LULUlululemon athletica inc.was $13.3M

    held 2+ qtrs

  • PUTSELECT SECTOR SPDR TRwas $10.4M
  • WIX$WIXWix.com Ltd.was $4.2M

    held 2+ qtrs

  • PUTISHARES TRwas $2.8M
  • FBTC$FBTCFidelity Wise Origin Bitcoin Fundwas $2.8M

    held 1 qtr

  • AAPL$AAPLApple Inc.was $2.7M

    held 2+ qtrs

+42 more in the Excel export

Firm AUM (Form ADV): $198.7M as of 2025-12-31 · SEC IAPD

Share

Holdings by quarter

Every 13F INTERCAPITAL, LLC has filed, 2 earlier quarters. Pick one to see what it held then.

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Q2 2026 13F filed with the SEC on Aug 14, 2026. Prices are closing prices as of Oct 26, 2026.

Average quality of INTERCAPITAL's top 20 holdings: 72/100 (our AI quality score, weighted by position size; 18 of the 20 are scored)

Top 10 since filing

-12.0%

Value-weighted move of the 10 largest stock positions

Turnover

40%

Last quarter

Top 10 weight

57%

Share of the stock portfolio in its 10 largest positions

Held 4+ quarters

0%

Share of portfolio value in positions held a year or more

Highest-quality names it owns(among its 100 largest positions)

The 8 highest-scoring companies in this portfolio are a Pro feature.

How these are measured
  • Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
  • Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
  • Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q4 2025 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
  • Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
  • Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.

Portfolio Overview

INTERCAPITAL, LLC disclosed 121 positions worth $400.6M in its Form 13F-HR for Q2 2026 — $227.9M in common stock plus $172.7M of put/call option positions (reported at underlying notional value, not premium at risk), led by $MSFT (MICROSOFT CORP) at 8.8% of the equity portfolio, followed by $RDDT and $AMZN. During the quarter the fund opened 61 new positions and exited 48 — including a new stake in $AMZN and a full exit from $LULU. The portfolio is most concentrated in Technology (50.8% of disclosed assets). All figures are sourced directly from INTERCAPITAL, LLC’s Form 13F-HR filing with the SEC under CIK 2108411.

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AI-Powered Hedge Fund Analysis: INTERCAPITAL, LLC

13F Pro is an AI hedge fund tracker and stock research platform. For INTERCAPITAL, LLC (SEC CIK: 2108411), the platform ingests every quarterly Form 13F filing and applies AI-powered analysis on top — 10 specialized AI analysts (value, growth, momentum, macro, activist, and more) debate the fund's top positions and publish AI-generated analysis with cited SEC sources.

Every holding in INTERCAPITAL, LLC's portfolio is scored on an AI quality ranking built from its SEC filings (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.