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 | |
|---|---|---|---|---|---|---|---|
|
126
BlackRock Utilities, Infrastructure & Power Opportunities Trust
BUI
$695M
| $746K | 0.02% |
25,716
-189,284
| -88% | -$5.23M |
2026 Q1
1 quarter
|
|
127
MAIA Biotechnology
MAIA
$67.3M
| $741K | 0.02% |
514,583
-133,920
| -21% | -$178K |
2026 Q1
1 quarter
|
|
128
CALL
Optimum Communications Inc
OPTU
$305M
| $725K | 0.02% |
+500,000
| New | +$621K |
2026 Q2
0 quarters
|
|
129
Briacell Therapeutics
BCTX
$32.6M
| $702K | 0.02% |
216,821
| – | – |
2026 Q1
1 quarter
|
|
130
Curis
CRIS
$1.58M
| $696K | 0.01% |
66,667
| – | – |
2026 Q1
1 quarter
|
|
131
Hertz Global Holdings Warrants
HTZWW
$72.4M
| $681K | 0.01% |
625,000
| – | – |
2025 Q2
4 quarters
|
|
132
Defi Technologies
DEFT
$119M
| $677K | 0.01% |
1,315,670
| – | – |
2025 Q3
3 quarters
|
|
133
Xerox Holdings Corp Warrants
XRXDW
$10.7M
| $564K | 0.01% |
2,052,375
+1,302,375
| +174% | +$355K |
2026 Q1
1 quarter
|
|
134
Alphabet (Google) Class C
GOOG
$3.5T
| $515K | 0.01% |
1,458
+286
| +24% | +$102K |
2023 Q4
10 quarters
|
|
135
ITHAX Acquisition Corp III
ITHA
$309M
| $499K | 0.01% |
+50,000
| New | +$497K |
2026 Q2
0 quarters
|
|
|
QLEP
136
Quantum Leap Acquisition Corp
QLEP
$301M
| $496K | 0.01% |
+50,000
| New | +$497K |
2026 Q2
0 quarters
|
|
137
BlackRock Corporate High Yield Fund
HYT
$1.57B
| $428K | 0.01% |
50,000
| – | – |
2025 Q4
2 quarters
|
|
138
FG Communities Holdings Inc. Common Stock
FGC
$26.8M
| $414K | 0.01% |
80,000
| – | – |
2025 Q3
3 quarters
|
|
139
Sundial Growers
SNDL
$340M
| $413K | 0.01% |
306,195
| – | – |
2023 Q4
10 quarters
|
|
140
LGL Group
LGL
$85.4M
| $346K | 0.01% |
+50,000
| New | +$351K |
2026 Q2
0 quarters
|
|
141
iShares 0-3 Month Treasury Bond ETF
SGOV
$117B
| $344K | 0.01% |
3,421
+30
| +0.9% | +$3.02K |
2024 Q2
8 quarters
|
|
142
Eightco Holdings
ORBS
$301M
| $344K | 0.01% |
+495,199
| New | +$446K |
2026 Q2
0 quarters
|
|
143
Mountain Lake Acquisition Corp II
MLAA
| $298K | 0.01% |
+30,000
| New | +$299K |
2026 Q2
0 quarters
|
|
|
144
BriaCell Therapeutics Warrant
BCTXL
$2.74M
| $286K | 0.01% |
321,898
| – | – |
2026 Q1
1 quarter
|
|
145
Forward Industries Inc
FWDI
$400M
| $228K | ﹤0.01% |
54,055
| – | – |
2025 Q4
2 quarters
|
|
146
Venu Holding Corp
VENU
$66.7M
| $227K | ﹤0.01% |
100,000
| – | – |
2026 Q1
1 quarter
|
|
147
Pyxis Oncology
PYXS
$203M
| $185K | ﹤0.01% |
61,606
| – | – |
2023 Q4
10 quarters
|
|
148
Jaguar Uranium Corp
JAGU
$18.2M
| $167K | ﹤0.01% |
100,000
| – | – |
2026 Q1
1 quarter
|
|
149
Rubico Inc
RUBI
$697K
| $163K | ﹤0.01% |
+1,800
| New | +$1.55M |
2026 Q2
0 quarters
|
|
150
Muzero Acquisition Corp
MUZE
$274M
| $149K | ﹤0.01% |
+15,000
| New | +$148K |
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.