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 | |
|---|---|---|---|---|---|---|---|
101
XFLH Capital Corp
XFLH
$141M
| $1.25M | 0.03% |
+125,000
| New | +$1.24M |
2026 Q2
0 quarters
|
|
102
Apogee Acquisition Corp
AACP
| $1.24M | 0.03% |
+125,000
| New | +$1.25M |
2026 Q2
0 quarters
|
|
103
Eureka Acquisition Corp
EURK
| $1.2M | 0.03% |
100,000
| – | – |
2025 Q1
5 quarters
|
|
104
Star Equity Holdings
STRR
$34M
| $1.11M | 0.02% |
104,543
+4,501
| +4% | +$46.6K |
2025 Q4
2 quarters
|
|
105
Terra Innovatum Global N.V.
NKLR
$287M
| $1.06M | 0.02% |
215,000
| – | – |
2025 Q4
2 quarters
|
|
106
Cantor Equity Partners IV
CEPF
$590M
| $1.04M | 0.02% |
100,000
| – | – |
2025 Q3
3 quarters
|
|
107
Talon Capital Corp
TLNC
$350M
| $1.03M | 0.02% |
100,002
| – | – |
2025 Q4
2 quarters
|
|
108
Calisa Acquisition Corp
ALIS
$70.4M
| $1.02M | 0.02% |
100,000
| – | – |
2025 Q4
2 quarters
|
|
109
Twelve Seas Investment Co III
TWLV
| $999K | 0.02% |
+100,000
| New | +$996K |
2026 Q2
0 quarters
|
|
110
Disciplined Growth Acquisition Corp Units
DGAC.U
| $999K | 0.02% |
+100,000
| New | +$1M |
2026 Q2
0 quarters
|
|
111
Bluerock Acquisition Corp
BLRK
$233M
| $998K | 0.02% |
+100,002
| New | +$994K |
2026 Q2
0 quarters
|
|
112
West Enclave Merger Corp
WENC
| $992K | 0.02% |
+100,000
| New | +$991K |
2026 Q2
0 quarters
|
|
113
Cambridge Acquisition Corp
CAQ
$313M
| $991K | 0.02% |
+100,002
| New | +$988K |
2026 Q2
0 quarters
|
|
114
Future Vision II Acquisition Corp
FVN
$82.3M
| $986K | 0.02% |
90,000
+4,788
| +6% | +$52K |
2025 Q1
5 quarters
|
|
115
LiqTech
LIQT
$10M
| $849K | 0.02% |
+1,000,000
| New | +$1.6M |
2026 Q2
0 quarters
|
|
116
Hadron Energy
HDRN
$49.3M
| $812K | 0.02% |
+400,000
| New | +$2.53M |
2026 Q2
0 quarters
|
|
117
Wintergreen Acquisition Corp
WTG
$78.4M
| $781K | 0.02% |
75,000
| – | – |
2025 Q3
3 quarters
|
|
118
Origin Investment Corp I
ORIQ
| $780K | 0.02% |
75,700
| – | – |
2025 Q3
3 quarters
|
|
|
ZTEK
119
DELISTED
Zentek
ZTEK
| $775K | 0.02% |
+1,692,000
| New | +$933K |
2026 Q2
0 quarters
|
|
120
Inflection Point Acquisition Corp. VII Class A Ordinary Shares
IPXG
$321M
| $760K | 0.02% |
+75,000
| New | +$745K |
2026 Q2
0 quarters
|
|
|
FGMCR
121
DELISTED
FG Merger II Corp Rights
FGMCR
| $757K | 0.02% |
840,742
+448,742
| +114% | +$320K |
2025 Q1
5 quarters
|
|
122
LaFayette Acquisition Corp
LAFA
$161M
| $756K | 0.02% |
75,000
| – | – |
2025 Q4
2 quarters
|
|
|
FXACU
123
FortuneX Acquisition Corp Units
FXACU
$78.8M
| $754K | 0.02% |
+75,000
| New | +$753K |
2026 Q2
0 quarters
|
|
124
Hall Chadwick Acquisition Corp
HCAC
$296M
| $753K | 0.02% |
+75,000
| New | +$750K |
2026 Q2
0 quarters
|
|
125
Bitcoin Infrastructure Acquisition Corp
BIXI
$304M
| $750K | 0.02% |
75,000
| – | – |
2025 Q4
2 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.