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 | |
|---|---|---|---|---|---|---|---|
151
PureCycle Technologies Inc Warrant
PCTTW
$1.49M
| $143K | ﹤0.01% |
50,000
| – | – |
2026 Q1
1 quarter
|
|
152
Solmate Infrastructure Public Limited Company Class B Ordinary Shares
SLMT
$32.5M
| $87.1K | ﹤0.01% |
17,222
| – | – |
2025 Q4
2 quarters
|
|
153
Calisa Acquisition Corp Right
ALISR
| $80K | ﹤0.01% |
100,000
| – | – |
2025 Q4
2 quarters
|
|
154
SurgePays
SURG
$9.39M
| $65.6K | ﹤0.01% |
181,667
| – | – |
2024 Q1
9 quarters
|
|
155
Evernorth Holdings Inc. Warrants
XRPNW
$20.1M
| $63.8K | ﹤0.01% |
75,000
| – | – |
2025 Q3
3 quarters
|
|
156
SBC Medical Group Warrants
SBCWW
$4.2M
| $50K | ﹤0.01% |
196,000
| – | – |
2023 Q4
10 quarters
|
|
157
Kochav Defense Acquisition Corp Right
KCHVR
| $49.1K | ﹤0.01% |
242,953
| – | – |
2025 Q3
3 quarters
|
|
158
McKinley Acquisition Corp Rights
MKLYR
| $48.9K | ﹤0.01% |
+200,000
| New | +$32.4K |
2026 Q2
0 quarters
|
|
159
ClearThink 1 Acquisition Corp Rights
CTAAR
| $46K | ﹤0.01% |
+200,000
| New | +$43.1K |
2026 Q2
0 quarters
|
|
160
Goldgroup Mining
GORO
$573M
| $45.9K | ﹤0.01% |
9,101
| – | – |
2026 Q1
1 quarter
|
|
161
Mynd.ai
MYND
$11.3M
| $45.6K | ﹤0.01% |
118,975
| – | – |
2023 Q4
10 quarters
|
|
162
Xsolla SPAC 1 Warrants
XSLLW
| $44.9K | ﹤0.01% |
+200,000
| New | +$46.6K |
2026 Q2
0 quarters
|
|
163
RF Acquisition Corp III Rights
RFAMR
| $44K | ﹤0.01% |
+400,000
| New | +$48.8K |
2026 Q2
0 quarters
|
|
164
Newbridge Acquisition Ltd Rights
NBRGR
| $43.8K | ﹤0.01% |
+175,000
| New | +$28.8K |
2026 Q2
0 quarters
|
|
165
Kensington Capital Acquisition Corp VI Class 1 Warrants
KCAC.WS
| $43.1K | ﹤0.01% |
+37,500
| New | +$28.3K |
2026 Q2
0 quarters
|
|
166
GSR IV Acquisition Corp Rights
GSRFR
| $43K | ﹤0.01% |
17,857
| – | – |
2025 Q4
2 quarters
|
|
167
Pono Capital Four Inc Rights
PONOR
| $42K | ﹤0.01% |
+200,000
| New | +$44.4K |
2026 Q2
0 quarters
|
|
168
Maywood Acquisition Corp 2 Rights
MYXXR
| $42K | ﹤0.01% |
+175,000
| New | +$35.8K |
2026 Q2
0 quarters
|
|
169
ARC Group Acquisition I Corp Right
ARCLR
| $40.5K | ﹤0.01% |
+172,500
| New | +$40.2K |
2026 Q2
0 quarters
|
|
170
APEX Tech Acquisition Inc Rights
TRAD.RT
| $38.5K | ﹤0.01% |
+175,000
| New | +$31.2K |
2026 Q2
0 quarters
|
|
|
171
Melar Acquisition Corp I Warrant
MACIW
| $35.8K | ﹤0.01% |
246,250
| – | – |
2025 Q1
5 quarters
|
|
172
Eureka Acquisition Corp Right
EURKR
| $35K | ﹤0.01% |
100,000
| – | – |
2025 Q1
5 quarters
|
|
173
Quantumsphere Acquisition Corp Rights
QUMSR
| $34.8K | ﹤0.01% |
174,801
| – | – |
2025 Q4
2 quarters
|
|
174
GalaxyEdge Acquisition Corp Rights
GLED.RT
| $33.2K | ﹤0.01% |
+200,000
| New | +$40.4K |
2026 Q2
0 quarters
|
|
175
Inflection Point Acquisition Corp. VII Warrant
IPXGW
| $33K | ﹤0.01% |
+25,000
| New | +$14.9K |
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.