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 | |
|---|---|---|---|---|---|---|---|
76
Armada Acquisition Corp III
AACI
$343M
| $2M | 0.04% |
+200,000
| New | +$1.98M |
2026 Q2
0 quarters
|
|
77
Pono Capital Four Inc
PONO
$174M
| $1.99M | 0.04% |
+200,000
| New | +$1.98M |
2026 Q2
0 quarters
|
|
78
GalaxyEdge Acquisition Corp
GLED
| $1.99M | 0.04% |
+200,000
| New | +$1.98M |
2026 Q2
0 quarters
|
|
79
Quantumsphere Acquisition Corp
QUMS
$119M
| $1.79M | 0.04% |
174,801
| – | – |
2025 Q4
2 quarters
|
|
80
DELISTED
TopBuild
BLD
| $1.77M | 0.04% |
+5,000
| New | +$2.06M |
2026 Q2
0 quarters
|
|
81
Newbridge Acquisition Ltd
NBRG
$76.5M
| $1.74M | 0.04% |
+175,000
| New | +$1.74M |
2026 Q2
0 quarters
|
|
82
APEX Tech Acquisition Inc
TRAD
$148M
| $1.74M | 0.04% |
+175,000
| New | +$1.74M |
2026 Q2
0 quarters
|
|
83
Maywood Acquisition Corp 2
MYX
| $1.73M | 0.04% |
+175,000
| New | +$1.73M |
2026 Q2
0 quarters
|
|
84
ARC Group Acquisition I Corp
ARCL
| $1.7M | 0.04% |
+172,500
| New | +$1.71M |
2026 Q2
0 quarters
|
|
85
Evernorth Holdings Inc. Class A Ordinary Shares
XRPN
$778M
| $1.56M | 0.03% |
150,000
| – | – |
2025 Q3
3 quarters
|
|
86
Pasithea Therapeutics
KTTA
$12.3M
| $1.55M | 0.03% |
3,000,000
+1,793,621
| +149% | +$1.23M |
2025 Q4
2 quarters
|
|
87
StoneBridge Acquisition II Corp
APAC
| $1.53M | 0.03% |
150,000
| – | – |
2025 Q4
2 quarters
|
|
88
Kensington Capital Acquisition Corp VI New Units
KCA.U
| $1.52M | 0.03% |
+150,000
| New | +$1.5M |
2026 Q2
0 quarters
|
|
89
CSLM Digital Asset Acquisition Corp III
KOYN
$324M
| $1.52M | 0.03% |
150,000
| – | – |
2025 Q4
2 quarters
|
|
90
MOZAYYX Acquisition Corp
MZYX
$375M
| $1.5M | 0.03% |
+150,000
| New | +$1.49M |
2026 Q2
0 quarters
|
|
91
Aldabra 4 Liquidity Opportunity Vehicle
ALOV
$375M
| $1.49M | 0.03% |
+150,000
| New | +$1.49M |
2026 Q2
0 quarters
|
|
92
FG Imperii Acquisition Corp
FGII
$292M
| $1.49M | 0.03% |
+150,000
| New | +$1.49M |
2026 Q2
0 quarters
|
|
93
Kochav Defense Acquisition Corp
KCHV
$360M
| $1.48M | 0.03% |
142,953
| – | – |
2025 Q3
3 quarters
|
|
94
Neuberger High Yield Strategies Fund Inc
NHS
$231M
| $1.45M | 0.03% |
233,169
-316,831
| -58% | -$2.02M |
2026 Q1
1 quarter
|
|
95
GEE Group
JOB
$21.7M
| $1.45M | 0.03% |
6,909,748
| – | – |
2023 Q4
10 quarters
|
|
|
BXBL
96
BOXABL Inc
BXBL
$498M
| $1.43M | 0.03% |
142,000
-250,000
| -64% | -$2.57M |
2025 Q1
5 quarters
|
|
97
QXO Inc
QXO
$12.1B
| $1.38M | 0.03% |
+80,134
| New | +$1.49M |
2026 Q2
0 quarters
|
|
98
1RT Acquisition Corp
ONCH
$223M
| $1.28M | 0.03% |
125,000
| – | – |
2025 Q4
2 quarters
|
|
99
GSR IV Acquisition Corp
GSRF
$303M
| $1.27M | 0.03% |
124,999
| – | – |
2025 Q4
2 quarters
|
|
100
D. Boral Acquisition I Corp
DBCA
$435M
| $1.25M | 0.03% |
+125,000
| New | +$1.24M |
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.