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 | |
|---|---|---|---|---|---|---|---|
26
PUT
Meta Platforms (Facebook)
META
$1.6T
| $44.7M | 0.96% |
+79,400
| New | +$48.6M |
2026 Q2
0 quarters
|
|
27
American Airlines Group
AAL
$8.35B
| $36.8M | 0.79% |
+2,034,300
| New | +$27.2M |
2026 Q2
0 quarters
|
|
|
28
PUT
American Airlines Group
AAL
$8.35B
| $36.8M | 0.79% |
+2,034,300
| New | +$27.2M |
2026 Q2
0 quarters
|
|
29
Skyworks Solutions
SWKS
$20.6B
| $34M | 0.73% |
+502,200
| New | +$34.2M |
2026 Q2
0 quarters
|
|
|
30
PUT
Skyworks Solutions
SWKS
$20.6B
| $34M | 0.73% |
+502,200
| New | +$34.2M |
2026 Q2
0 quarters
|
|
31
Forgent Power Solutions
FPS
$7.09B
| $29.3M | 0.63% |
+524,600
| New | +$23.9M |
2026 Q2
0 quarters
|
|
|
32
PUT
Forgent Power Solutions
FPS
$7.09B
| $29.3M | 0.63% |
+524,600
| New | +$23.9M |
2026 Q2
0 quarters
|
|
33
XPO
XPO
$22.1B
| $25.7M | 0.55% |
+125,000
| New | +$26.5M |
2026 Q2
0 quarters
|
|
|
34
PUT
XPO
XPO
$22.1B
| $25.7M | 0.55% |
+125,000
| New | +$26.5M |
2026 Q2
0 quarters
|
|
35
Constellation Brands
STZ
$22.9B
| $23.7M | 0.51% |
+170,100
| New | +$25.3M |
2026 Q2
0 quarters
|
|
|
36
PUT
Constellation Brands
STZ
$22.9B
| $23.7M | 0.51% |
+170,100
| New | +$25.3M |
2026 Q2
0 quarters
|
|
37
Cohen & Steers Quality Income Realty Fund
RQI
$1.54B
| $22.8M | 0.49% |
+1,850,000
| New | +$24M |
2026 Q2
0 quarters
|
|
38
PUT
Core Scientific
CORZ
$4.26B
| $21.8M | 0.47% |
+852,200
| New | +$20.1M |
2026 Q2
0 quarters
|
|
39
Sify Technologies
SIFY
$901M
| $20.4M | 0.44% |
1,229,549
+16,656
| +1% | +$256K |
2024 Q3
7 quarters
|
|
40
Lumentum
LITE
$76.2B
| $19.7M | 0.42% |
+23,000
| New | +$20.5M |
2026 Q2
0 quarters
|
|
|
41
PUT
Lumentum
LITE
$76.2B
| $19.7M | 0.42% |
+23,000
| New | +$20.5M |
2026 Q2
0 quarters
|
|
42
Sprott Physical Silver Trust
PSLV
$10.1B
| $18.9M | 0.4% |
1,000,000
| – | – |
2026 Q1
1 quarter
|
|
43
Abeona Therapeutics
ABEO
$249M
| $18.6M | 0.4% |
3,007,329
| – | – |
2025 Q3
3 quarters
|
|
|
44
Core Scientific Inc Tranche 1 Warrants
CORZW
$643M
| $16M | 0.34% |
+852,213
| New | +$14.3M |
2026 Q2
0 quarters
|
|
45
PUT
Nokia
NOK
$47.9B
| $14.6M | 0.31% |
+1,100,000
| New | +$14.2M |
2026 Q2
0 quarters
|
|
|
46
Nokia
NOK
$47.9B
| $14.6M | 0.31% |
+1,099,900
| New | +$14.2M |
2026 Q2
0 quarters
|
|
47
Bel Fuse Inc Class A
BELFA
$2.73B
| $13.5M | 0.29% |
46,463
-300
| -0.6% | -$72.9K |
2025 Q4
2 quarters
|
|
48
Eos Energy Enterprises
EOSE
$688M
| $11.8M | 0.25% |
+2,000,000
| New | +$13.9M |
2026 Q2
0 quarters
|
|
49
Alpha Cognition
ACOG
$190M
| $10M | 0.21% |
1,382,339
| – | – |
2024 Q4
6 quarters
|
|
50
Cornerstone Strategic Value Fund
CLM
$1.87B
| $9.6M | 0.21% |
1,274,106
+24,107
| +2% | +$181K |
2023 Q4
10 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.