Cable Car Capital Portfolio holdings
Cable Car Capital manages a private fund, Funicular Funds, using a concentrated, hedged approach to value investing. It buys mostly stocks of public companies worldwide, keeps its positions concentrated, and sells other stocks short to protect capital when markets fall. Its short selling sometimes involves activism, including published research and engagement with regulators. Jacob Ma-Weaver and Annie Ma-Weaver own the firm. Investors in its funds must be accredited investors.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$341M |
| 2 |
Microsoft
MSFT
|
+$259M |
| 3 |
Micron Technology
MU
|
+$249M |
| 4 |
Tesla
TSLA
|
+$207M |
| 5 |
Amazon
AMZN
|
+$113M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Oruka Therapeutics
ORKA
|
+$9.8M |
| 2 |
NXG NextGen Infrastructure Income Fund
NXG
|
+$5.77M |
| 3 |
Melar Acquisition Corp I
MACI
|
+$5.3M |
| 4 |
BlackRock Utilities, Infrastructure & Power Opportunities Trust
BUI
|
+$5.23M |
| 5 |
RF Acquisition Corp III Units
RFAMU
|
+$3.96M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 56.16% |
| 2 | Technology | 27.32% |
| 3 | Consumer Discretionary | 9.16% |
| 4 | Industrials | 2.65% |
| 5 | Healthcare | 1.42% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Micron Technology
MU
$1T
| $383M | 8.22% |
+332,200
| New | +$249M |
2026 Q2
0 quarters
|
|
|
2
PUT
Micron Technology
MU
$1T
| $383M | 8.22% |
+332,200
| New | +$249M |
2026 Q2
0 quarters
|
|
|
3
NVIDIA
NVDA
$4.94T
| $332M | 7.11% |
+1,658,500
| New | +$341M |
2026 Q2
0 quarters
|
|
|
4
PUT
NVIDIA
NVDA
$4.94T
| $332M | 7.11% |
+1,658,500
| New | +$341M |
2026 Q2
0 quarters
|
|
|
5
Microsoft
MSFT
$3.88T
| $238M | 5.11% |
+639,000
| New | +$259M |
2026 Q2
0 quarters
|
|
|
6
PUT
Microsoft
MSFT
$3.88T
| $238M | 5.11% |
+639,000
| New | +$259M |
2026 Q2
0 quarters
|
|
|
7
Tesla
TSLA
$1.58T
| $219M | 4.68% |
+519,500
| New | +$207M |
2026 Q2
0 quarters
|
|
|
8
PUT
Tesla
TSLA
$1.58T
| $219M | 4.68% |
+519,500
| New | +$207M |
2026 Q2
0 quarters
|
|
9
CALL
Sandisk
SNDK
$166B
| $216M | 4.63% |
+95,000
| New | +$136M |
2026 Q2
0 quarters
|
|
10
CALL
SpaceX
SPCX
$1.83T
| $128M | 2.75% |
+750,000
| New | +$127M |
2026 Q2
0 quarters
|
|
11
TSMC
TSM
$2.11T
| $109M | 2.33% |
+227,600
| New | +$92.4M |
2026 Q2
0 quarters
|
|
|
12
PUT
TSMC
TSM
$2.11T
| $109M | 2.33% |
+227,600
| New | +$92.4M |
2026 Q2
0 quarters
|
|
|
13
Amazon
AMZN
$2.6T
| $107M | 2.3% |
+450,000
| New | +$113M |
2026 Q2
0 quarters
|
|
|
14
PUT
Amazon
AMZN
$2.6T
| $107M | 2.3% |
+450,000
| New | +$113M |
2026 Q2
0 quarters
|
|
15
Nike
NKE
$57.4B
| $95M | 2.04% |
+2,314,200
| New | +$102M |
2026 Q2
0 quarters
|
|
|
16
PUT
Nike
NKE
$57.4B
| $95M | 2.04% |
+2,314,200
| New | +$102M |
2026 Q2
0 quarters
|
|
17
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$802B
| $74.7M | 1.6% |
+100,000
| New | +$72.5M |
2026 Q2
0 quarters
|
|
|
18
PUT
SpaceX
SPCX
$1.83T
| $68.3M | 1.47% |
+400,000
| New | +$68M |
2026 Q2
0 quarters
|
|
19
Broadcom
AVGO
$1.56T
| $64.4M | 1.38% |
+170,600
| New | +$68.4M |
2026 Q2
0 quarters
|
|
|
20
PUT
Broadcom
AVGO
$1.56T
| $64.4M | 1.38% |
+170,600
| New | +$68.4M |
2026 Q2
0 quarters
|
|
21
Palantir
PLTR
$442B
| $58.3M | 1.25% |
+500,000
| New | +$68.2M |
2026 Q2
0 quarters
|
|
|
22
PUT
Palantir
PLTR
$442B
| $58.3M | 1.25% |
+500,000
| New | +$68.2M |
2026 Q2
0 quarters
|
|
23
VanEck Gold Miners ETF
GDX
$23.7B
| $52M | 1.11% |
+688,700
| New | +$60.8M |
2026 Q2
0 quarters
|
|
|
24
PUT
VanEck Gold Miners ETF
GDX
$23.7B
| $52M | 1.11% |
+688,700
| New | +$60.8M |
2026 Q2
0 quarters
|
|
25
Meta Platforms (Facebook)
META
$1.6T
| $44.7M | 0.96% |
+79,400
| New | +$48.6M |
2026 Q2
0 quarters
|
|
Similar funds
Cable Car Capital's Q2 2026 Portfolio in Review
As of Q2 2026, Cable Car Capital held 252 positions worth $4.66B, up 1,511% from $289M the previous quarter. Its ten largest holdings account for 58% of the portfolio.
Cable Car Capital deployed $1.78B of net new capital in Q2 2026, opening 123 new positions and adding to 16 existing holdings. Its largest new stake was NVIDIA: 1,658,500 shares worth $332M.
By sector, the portfolio is most concentrated in Miscellaneous at 56% of assets, up from 55% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was BlackRock Utilities, Infrastructure & Power Opportunities Trust, an estimated $5.23M trimmed.
- Cable Car Capital's largest Q2 2026 buy was NVIDIA: 1,658,500 shares worth $332M.
- Cable Car Capital added most to Rein Therapeutics in Q2 2026, an estimated $5.78M increase.
- Cable Car Capital's biggest Q2 2026 reduction was BlackRock Utilities, Infrastructure & Power Opportunities Trust, cutting an estimated $5.23M.
- Cable Car Capital fully exited Oruka Therapeutics in Q2 2026, selling an estimated $9.8M.
- Cable Car Capital's ten largest holdings make up 58% of its $4.66B portfolio in Q2 2026.
- Cable Car Capital opened 123 new positions and closed 37 in Q2 2026.
- Cable Car Capital's portfolio value rose 1,511% quarter-over-quarter to $4.66B.
Based on Cable Car Capital's 13F filing for Q2 2026, filed 14 Aug 2026.