Worm Capital, LLC
Worm Capital, LLC is an investment advisory firm based in Austin, Texas, registered with the SEC (CIK: 0001680843). It was founded in 2016 and is primarily employee-owned, with a team of around 4-6 employees. The firm offers concentrated and high-conviction portfolio management, serving institutions and high-net-worth clients with a focus on disruptive innovation and long-term growth.
Investment Strategy
The firm employs a concentrated, long-term investment strategy focusing on technology-driven disruption and structural innovation. Worm Capital seeks to identify asymmetric risk/reward opportunities, typically building high-conviction positions in a small number of companies demonstrating significant growth potential due to sectoral innovation and competitive advantages. Their approach emphasizes in-depth fundamental research and patient capital allocation to drive returns.
Top Holdings
Equity Positions (11)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
T TSLA | TESLA INC | 18.29% | $33.4M | 105,246 | $27.47 | $317.66 | -$322.1K |
A AMZN | AMAZON COM INC | 10.86% | $19.8M | 90,454 | $157.90 | $219.39 | +$5.1M |
W WYNN | WYNN RESORTS LTD | 4.61% | $8.4M | 89,865 | $84.85 | $93.67 | +$1.9M |
N NFLX | NETFLIX INC | 4.25% | $7.8M | 5,801 | $932.53 | $1339.13 | +$2.1M |
H H | HYATT HOTELS CORP | 3.95% | $7.2M | 51,749 | $136.52 | $139.65 | +$688.2K |
Options Positions (2)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
T TSLA | TESLA INC | Bought | Call | $53.5M | 1,685 | $317.66 | $325.26 | +293 | +$17.5M |
B BABA | ALIBABA GROUP HLDG LTD | — | Call | $15.8M | 1,391 | $113.41 | $84.79 | 0 | -$2.6M |
Industry Allocation
Investment Team (1)
| Name | Role | Location | |
|---|---|---|---|
 | Director of Research | United States |