# INTERCAPITAL, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2108411. Source: https://holderbook.com/funds/2108411-intercapital-llc/

- Reported value: $400.6M
- Positions: 92
- Weight of the ten largest: 51.9%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $61.7M | 64,000 | 15.4% | 3 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $28.0M | 53,590 | 7.0% | 3 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $26.6M | 48,406 | 6.6% | 3 |
| REDDIT INC | [RDDT](https://holderbook.com/stocks/RDDT/) | $16.4M | 89,000 | 4.1% | 3 |
| CREDO TECHNOLOGY GROUP HOLDI | [CRDO](https://holderbook.com/stocks/CRDO/) | $15.5M | 55,500 | 3.9% | 2 |
| AFFIRM HLDGS INC | [AFRM](https://holderbook.com/stocks/AFRM/) | $14.5M | 156,568 | 3.6% | 3 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $11.8M | 27,900 | 2.9% | 3 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $11.6M | 24,200 | 2.9% | 3 |
| COMPASS INC | [COMP](https://holderbook.com/stocks/COMP/) | $11.0M | 825,225 | 2.7% | 3 |
| SEA LTD | [SE](https://holderbook.com/stocks/SE/) | $10.9M | 70,694 | 2.7% | 3 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $10.5M | 0 | 2.6% | 2 |
| DAVE INC | [DAVE](https://holderbook.com/stocks/DAVE/) | $10.1M | 26,000 | 2.5% | 2 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $9.8M | 29,000 | 2.4% | 3 |
| ISHARES TR | [TLT](https://holderbook.com/stocks/TLT/) | $9.5M | 0 | 2.4% | 3 |
| DELL TECHNOLOGIES INC | [DELL](https://holderbook.com/stocks/DELL/) | $8.8M | 19,500 | 2.2% | 1 |
| FIGMA INC | [FIG](https://holderbook.com/stocks/FIG/) | $7.8M | 288,739 | 1.9% | 2 |
| COREWEAVE INC | [CRWV](https://holderbook.com/stocks/CRWV/) | $6.8M | 36,500 | 1.7% | 1 |
| MERCADOLIBRE INC | [MELI](https://holderbook.com/stocks/MELI/) | $5.2M | 3,080 | 1.3% | 3 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $5.2M | 32,000 | 1.3% | 1 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $5.2M | 0 | 1.3% | 1 |
| CELSIUS HLDGS INC | [CELH](https://holderbook.com/stocks/CELH/) | $4.8M | 150,000 | 1.2% | 1 |
| TAKE-TWO INTERACTIVE SOFTWAR | [TTWO](https://holderbook.com/stocks/TTWO/) | $4.8M | 9,100 | 1.2% | 1 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $4.6M | 15,000 | 1.2% | 3 |
| VANECK ETF TRUST | [SMH](https://holderbook.com/stocks/SMH/) | $4.6M | 0 | 1.1% | 3 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $3.6M | 0 | 0.9% | 2 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $3.5M | 0 | 0.9% | 1 |
| WYNN RESORTS LTD | [WYNN](https://holderbook.com/stocks/WYNN/) | $3.3M | 24,000 | 0.8% | 1 |
| ROCKET COS INC | [RKT](https://holderbook.com/stocks/RKT/) | $3.1M | 154,840 | 0.8% | 3 |
| COMSTOCK RES INC | [CRK](https://holderbook.com/stocks/CRK/) | $3.0M | 182,000 | 0.8% | 1 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $2.9M | 0 | 0.7% | 1 |
| OUSTER INC | [OUST](https://holderbook.com/stocks/OUST/) | $2.9M | 32,000 | 0.7% | 1 |
| DUOLINGO INC | [DUOL](https://holderbook.com/stocks/DUOL/) | $2.4M | 18,000 | 0.6% | 2 |
| SHOPIFY INC | [SHOP](https://holderbook.com/stocks/SHOP/) | $2.4M | 20,595 | 0.6% | 3 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $2.3M | 2,000 | 0.6% | 3 |
| ON HLDG AG | [ONON](https://holderbook.com/stocks/ONON/) | $2.3M | 64,500 | 0.6% | 3 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $2.3M | 0 | 0.6% | 3 |
| LPL FINL HLDGS INC | [LPLA](https://holderbook.com/stocks/LPLA/) | $2.3M | 8,000 | 0.6% | 2 |
| ZILLOW GROUP INC | [Z](https://holderbook.com/stocks/Z/) | $2.2M | 48,000 | 0.6% | 1 |
| LULULEMON ATHLETICA INC | [LULU](https://holderbook.com/stocks/LULU/) | $2.2M | 0 | 0.6% | 3 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $2.2M | 3,800 | 0.6% | 1 |
| SPDR SERIES TRUST | [XSD](https://holderbook.com/stocks/XSD/) | $2.2M | 0 | 0.5% | 1 |
| VISTRA CORP | [VST](https://holderbook.com/stocks/VST/) | $2.0M | 12,900 | 0.5% | 1 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $2.0M | 6,000 | 0.5% | 2 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $1.9M | 0 | 0.5% | 3 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $1.9M | 0 | 0.5% | 1 |
| HESAI GROUP | [HSAI](https://holderbook.com/stocks/HSAI/) | $1.8M | 54,710 | 0.5% | 1 |
| APPLOVIN CORP | [APP](https://holderbook.com/stocks/APP/) | $1.8M | 3,500 | 0.5% | 3 |
| DUTCH BROS INC | [BROS](https://holderbook.com/stocks/BROS/) | $1.8M | 25,000 | 0.4% | 3 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $1.8M | 0 | 0.4% | 3 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $1.7M | 0 | 0.4% | 3 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $1.6M | 0 | 0.4% | 1 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $1.5M | 8,050 | 0.4% | 2 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $1.5M | 0 | 0.4% | 1 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $1.5M | 0 | 0.4% | 1 |
| KRANESHARES TRUST | [KWEB](https://holderbook.com/stocks/KWEB/) | $1.5M | 60,000 | 0.4% | 1 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $1.4M | 1,650 | 0.4% | 3 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $1.4M | 0 | 0.4% | 1 |
| EXELON CORP | [EXC](https://holderbook.com/stocks/EXC/) | $1.4M | 30,000 | 0.3% | 1 |
| VENTURE GLOBAL INC | [VG](https://holderbook.com/stocks/VG/) | $1.4M | 67,471 | 0.3% | 2 |
| RIVIAN AUTOMOTIVE INC | [RIVN](https://holderbook.com/stocks/RIVN/) | $1.3M | 10,000 | 0.3% | 3 |
| CIRCLE INTERNET GROUP INC | [CRCL](https://holderbook.com/stocks/CRCL/) | $1.3M | 20,000 | 0.3% | 2 |
| CONSTELLATION ENERGY CORP | [CEG](https://holderbook.com/stocks/CEG/) | $1.2M | 5,000 | 0.3% | 1 |
| KKR & CO INC | [KKR](https://holderbook.com/stocks/KKR/) | $1.1M | 0 | 0.3% | 2 |
| HIMS & HERS HEALTH INC | [HIMS](https://holderbook.com/stocks/HIMS/) | $1.1M | 32,009 | 0.3% | 2 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $1.1M | 7,000 | 0.3% | 1 |
| BLACKSTONE INC | [BX](https://holderbook.com/stocks/BX/) | $941.4K | 8,000 | 0.2% | 2 |
| DIREXION SHARES ETF TRUST | [MSFU](https://holderbook.com/stocks/MSFU/) | $883.6K | 0 | 0.2% | 2 |
| PDD HOLDINGS INC | [PDD](https://holderbook.com/stocks/PDD/) | $762.8K | 10,000 | 0.2% | 3 |
| MODERNA INC | [MRNA](https://holderbook.com/stocks/MRNA/) | $735.3K | 0 | 0.2% | 3 |
| NOVO-NORDISK A S | [NVO](https://holderbook.com/stocks/NVO/) | $719.1K | 0 | 0.2% | 1 |
| PELOTON INTERACTIVE INC | [PTON](https://holderbook.com/stocks/PTON/) | $709.2K | 120,000 | 0.2% | 3 |
| SUPER MICRO COMPUTER INC | [SMCI](https://holderbook.com/stocks/SMCI/) | $586.6K | 0 | 0.1% | 1 |
| STRATEGY INC | [MSTR](https://holderbook.com/stocks/MSTR/) | $582.4K | 0 | 0.1% | 1 |
| BLOOM ENERGY CORP | [BE](https://holderbook.com/stocks/BE/) | $575.7K | 1,902 | 0.1% | 3 |
| ROBINHOOD MKTS INC | [HOOD](https://holderbook.com/stocks/HOOD/) | $501.4K | 0 | 0.1% | 2 |
| HEXCEL CORP NEW | [HXL](https://holderbook.com/stocks/HXL/) | $500.3K | 5,000 | 0.1% | 3 |
| ISHARES TR | [FXI](https://holderbook.com/stocks/FXI/) | $478.6K | 15,150 | 0.1% | 3 |
| HUNTINGTON INGALLS INDS INC | [HII](https://holderbook.com/stocks/HII/) | $475.8K | 1,700 | 0.1% | 1 |
| STURM RUGER & CO INC | [RGR](https://holderbook.com/stocks/RGR/) | $458.0K | 12,100 | 0.1% | 2 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $434.0K | 0 | 0.1% | 3 |
| ROCKET LAB CORP | [RKLB](https://holderbook.com/stocks/RKLB/) | $406.6K | 4,000 | 0.1% | 1 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $359.8K | 300 | 0.1% | 3 |
| KLARNA GROUP PLC | [KLAR](https://holderbook.com/stocks/KLAR/) | $356.6K | 17,618 | 0.1% | 2 |
| CARIS LIFE SCIENCES INC | [CAI](https://holderbook.com/stocks/CAI/) | $356.4K | 20,000 | 0.1% | 1 |
| T1 ENERGY INC | [TE](https://holderbook.com/stocks/TE/) | $331.8K | 35,000 | 0.1% | 1 |
| SONY GROUP CORP | [SONY](https://holderbook.com/stocks/SONY/) | $300.9K | 15,000 | 0.1% | 1 |
| ISHARES TR | [MCHI](https://holderbook.com/stocks/MCHI/) | $279.3K | 5,473 | 0.1% | 3 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $270.9K | 2,000 | 0.1% | 3 |
| KRANESHARES TRUST | [KSTR](https://holderbook.com/stocks/KSTR/) | $270.1K | 8,348 | 0.1% | 1 |
| ARM HOLDINGS PLC | [ARM](https://holderbook.com/stocks/ARM/) | $212.7K | 0 | 0.1% | 1 |
| IREN LIMITED | [IREN](https://holderbook.com/stocks/IREN/) | $205.8K | 0 | 0.1% | 1 |
| NEXTNAV INC | [NN](https://holderbook.com/stocks/NN/) | $196.1K | 11,000 | 0.0% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +21.3% | +14.8% | +6.5% | 74% |
| Q1 2026 | -11.8% | -4.6% | -7.1% | 72% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $400.6M | 92 |
| Q1 2026 | $299.4M | 92 |
| Q4 2025 | $284.0M | 77 |