INTERCAPITAL, LLC
Long book
$180.7M
Q1 2026
Positions
66
Top-10 weight
54%
concentration
Last quarter
+24.8%
SPY +14.8%
Turnover
52%
of book per quarter
Strategy in plain words
auto-generated from filingsINTERCAPITAL, LLC is a diversified fundamental manager, running a $180.7M US long book across 66 positions.
The portfolio is concentrated: the top 10 names carry 54% of the portfolio. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: LULULEMON ATHLETICA INC, REDDIT INC-CL A, AMAZON.COM INC, MICROSOFT CORP, AFFIRM HOLDINGS INC.
We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q4 2025
-11.6%
Q1 2026
+24.8%
Sector allocation
Technology 37%
Financials 20%
Other 10%
Industrials 9%
Consumer discretionary 9%
Services media 7%
Real estate 4%
Healthcare 2%
Long book by quarter
What does INTERCAPITAL, LLC own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| LULU LULULEMON ATHLETICA INC | Other | 87.0K | $13.3M | 7.4% | +752.9% |
| RDDT REDDIT INC-CL A | Technology | 98.5K | $13.3M | 7.3% | +6466.7% |
| AMZN AMAZON.COM INC | Consumer discretionary | 59.0K | $12.3M | 6.8% | -12.0% |
| MSFT MICROSOFT CORP | Technology | 29.9K | $11.1M | 6.1% | +612.0% |
| AFRM AFFIRM HOLDINGS INC | Financials | 233.4K | $10.7M | 5.9% | +29.8% |
| MELI MERCADOLIBRE INC | Services media | 5.8K | $9.9M | 5.5% | +596.1% |
| BA BOEING CO/THE | Industrials | 37.0K | $7.4M | 4.1% | -25.7% |
| DAVE DAVE INC | Financials | 39.4K | $6.9M | 3.8% | New |
| COMP COMPASS INC - CLASS A | Real estate | 868.5K | $6.3M | 3.5% | -36.7% |
| DUOL DUOLINGO | Technology | 60.0K | $5.9M | 3.3% | New |
| AVGO BROADCOM INC | Technology | 18.5K | $5.7M | 3.2% | +825.0% |
| CRCL CIRCLE INTERNET GROUP INC | Financials | 57.2K | $5.5M | 3.0% | New |
| WIX WIX.COM LTD | Technology | 46.6K | $4.2M | 2.3% | +1.7% |
| RIVN RIVIAN AUTOMOTIVE INC-A | Industrials | 225.4K | $3.4M | 1.9% | -57.6% |
| HIMS HIMS & HERS HEALTH INC | Healthcare | 158.5K | $3.3M | 1.8% | New |
| AAPL APPLE INC | Technology | 10.7K | $2.7M | 1.5% | +345.8% |
| LPLA LPL FINANCIAL HOLDINGS INC | Financials | 8.0K | $2.4M | 1.3% | New |
| JPM JPMORGAN CHASE & CO | Financials | 8.0K | $2.4M | 1.3% | New |
| SHOP SHOPIFY INC - CLASS A | Technology | 18.6K | $2.2M | 1.2% | +93.8% |
| NVDA NVIDIA CORP | Technology | 12.5K | $2.2M | 1.2% | +61.8% |
| VG VENTURE GLOBAL INC-CL A | Utilities | 122.5K | $1.9M | 1.1% | New |
| CRDO CREDO TECHNOLOGY GROUP HOLDI | Technology | 20.2K | $1.9M | 1.1% | New |
| MU MICRON TECHNOLOGY INC | Technology | 4.5K | $1.5M | 0.8% | -91.4% |
| FIG FIGMA INC-CL A | Technology | 70.2K | $1.5M | 0.8% | New |
| RTX RTX CORP | Industrials | 6.5K | $1.3M | 0.7% | New |
| WDC WESTERN DIGITAL CORP | Technology | 4.5K | $1.2M | 0.7% | -70.0% |
| BROS DUTCH BROS INC-CLASS A | Consumer discretionary | 23.9K | $1.2M | 0.7% | Held |
| APP APPLOVIN CORP-CLASS A | Technology | 3.0K | $1.2M | 0.7% | +100.0% |
| HOOD ROBINHOOD MARKETS INC - A | Financials | 16.0K | $1.1M | 0.6% | New |
| ONON ON HOLDING AG-CLASS A | Other | 28.5K | $970K | 0.5% | Held |
| IBKR INTERACTIVE BROKERS GRO-CL A | Financials | 13.0K | $872K | 0.5% | -31.6% |
| TDG TRANSDIGM GROUP INC | Industrials | 700 | $811K | 0.4% | New |
| PPB FLUTTER ENTERTAINMENT PLC-DI | — | 7.9K | $803K | 0.4% | New |
| RGR STURM RUGER & CO INC | Industrials | 20.0K | $802K | 0.4% | New |
| FSLR FIRST SOLAR INC | Technology | 4.0K | $789K | 0.4% | -78.5% |
| LTH LIFE TIME GROUP HOLDINGS INC | Services media | 25.0K | $674K | 0.4% | New |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 4.0K | $585K | 0.3% | New |
| RKT ROCKET COS INC-CLASS A | Financials | 38.1K | $544K | 0.3% | Held |
| S SENTINELONE INC -CLASS A | Technology | 40.0K | $515K | 0.3% | New |
| PTON PELOTON INTERACTIVE INC-A | Other | 120.0K | $515K | 0.3% | -64.7% |
| COHR COHERENT CORP | Other | 1.9K | $453K | 0.3% | -82.7% |
| HXL HEXCEL CORP | Materials | 5.0K | $405K | 0.2% | -80.0% |
| DAL DELTA AIR LINES INC | Industrials | 6.0K | $399K | 0.2% | -83.8% |
| CPNG COUPANG INC | Consumer discretionary | 20.8K | $393K | 0.2% | -83.2% |
| CRM SALESFORCE INC | Technology | 2.0K | $373K | 0.2% | New |
| TGT TARGET CORP | Consumer discretionary | 3.0K | $364K | 0.2% | -76.0% |
| EVR EVERCORE INC - A | Financials | 1.0K | $299K | 0.2% | -64.9% |
| META META PLATFORMS INC-CLASS A | Technology | 500 | $286K | 0.2% | Held |
| LLY ELI LILLY & CO | Healthcare | 300 | $276K | 0.2% | -50.0% |
| BE BLOOM ENERGY CORP- A | Industrials | 1.9K | $258K | 0.1% | -67.8% |
13F filing history
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