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.
Latest 13F Filing Activity
Worm Capital, LLC filed their most recent 13F report on Jun 30, 2025 disclosing 11 equity positions and 2 options positions with a total 13F market value of $183M. The fund increased holdings in Amazon Com Inc., Xpeng Inc., Netflix Inc. among other positions. Worm Capital, LLC reduced exposure to Alibaba Group HLDG LTD, Tesla Inc., Airbnb Inc. among others.
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 |