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 | |
|---|---|---|---|---|---|---|---|
201
Maywood Acquisition Corp 2 Warrants
MYXXW
$811K
| $11.4K | ﹤0.01% |
+175,000
| New | +$10.1K |
2026 Q2
0 quarters
|
|
202
Wintergreen Acquisition Corp Rights
WTGUR
| $11.4K | ﹤0.01% |
75,000
| – | – |
2025 Q3
3 quarters
|
|
203
XFLH Capital Corp Rights
XFLH.RT
| $11.2K | ﹤0.01% |
+125,000
| New | +$13.8K |
2026 Q2
0 quarters
|
|
204
OTG Acquisition Corp I Warrants
OTGAW
| $10.3K | ﹤0.01% |
25,000
| – | – |
2025 Q4
2 quarters
|
|
205
Cambridge Acquisition Corp Warrants
CAQUW
| $10K | ﹤0.01% |
+33,334
| New | +$9.41K |
2026 Q2
0 quarters
|
|
206
Flag Ship Acquisition Corp Right
FSHPR
| $9.7K | ﹤0.01% |
138,000
| – | – |
2025 Q1
5 quarters
|
|
207
Cheche Group Inc Warrant
CCGWW
| $8.44K | ﹤0.01% |
392,763
| – | – |
2023 Q4
10 quarters
|
|
208
Drugs Made In America Acquisition II Corp Right
DMIIR
| $8K | ﹤0.01% |
100,000
| – | – |
2025 Q4
2 quarters
|
|
209
LaFayette Acquisition Corp Rights
LAFAR
| $7.5K | ﹤0.01% |
75,000
| – | – |
2025 Q4
2 quarters
|
|
|
QLEP.WS
210
Quantum Leap Acquisition Corp Warrants
QLEP.WS
| $6.5K | ﹤0.01% |
+50,000
| New | +$6.12K |
2026 Q2
0 quarters
|
|
211
ITHAX Acquisition Corp III Warrants
ITHAW
| $6K | ﹤0.01% |
+25,000
| New | +$5.44K |
2026 Q2
0 quarters
|
|
212
Mountain Lake Acquisition Corp II Warrants
MLAAW
| $4.05K | ﹤0.01% |
+15,000
| New | +$5.68K |
2026 Q2
0 quarters
|
|
213
AmpliTech
AMPG
$72.3M
| – | – |
-530,890
| Closed | -$2.22M | – |
|
214
Gabelli Equity Trust
GAB
$1.85B
| – | – |
-200,000
| Closed | -$1.12M | – |
|
215
Ideal Power
IPWR
$38.5M
| – | – |
-50,000
| Closed | -$142K | – |
|
216
M-tron Industries
MPTI
$278M
| – | – |
-40,000
| Closed | -$2.67M | – |
|
|
217
NXG NextGen Infrastructure Income Fund
NXG
$333M
| – | – |
-105,000
| Closed | -$5.77M | – |
|
218
DELISTED
Planet Labs PBC Warrants
PL.WS
| – | – |
-30,000
| Closed | -$494K | – |
|
219
Xerox
XRX
$138M
| – | – |
-100,000
| Closed | -$129K | – |
|
|
220
Melar Acquisition Corp I
MACI
$74.4M
| – | – |
-492,500
| Closed | -$5.3M | – |
|
|
221
Oruka Therapeutics
ORKA
$6.92B
| – | – |
-200,000
| Closed | -$9.8M | – |
|
222
McKinley Acquisition Corp Units
MKLYU
$157M
| – | – |
-200,000
| Closed | -$2.03M | – |
|
223
Hall Chadwick Acquisition Corp Unit
HCACU
$191M
| – | – |
-75,000
| Closed | -$769K | – |
|
224
AI Infrastructure Acquisition Corp
AIIA
$199M
| – | – |
-125,000
| Closed | -$1.25M | – |
|
225
Bluerock Acquisition Corp Unit
BLRKU
$152M
| – | – |
-100,000
| Closed | -$1M | – |
|
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.