Cable Car Capital, LP
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Cable Car Capital, LP reported 55 stock positions worth $133.3 million. Its top holding was Sify Technologies-Spon ADR (SIFY) at 11.6% of the portfolio, followed by Defi Technologies (DEFT, 8.2%) and Oruka Therapeutics (ORKA, 7.2%). Compared with Q2 2025, it opened 26 new positions, sold out of 14, added to 4 and reduced 4. The biggest buy was a new position in Defi Technologies (DEFT) and the biggest sale an exit from Paramount Global Class B (PARAA).
- Most Recent 13F
- Q2 2026
- Location
- SAN FRANCISCO, CA
- CIK
- 0001699575
- Portfolio Value
- $133.3M (Q3 2025)
- SEC Filing
- 0001699575-25-000012 ↗ filed Nov 14, 2025
Holdings Value
Holdings 55 stocks · $133.3M
| SIFY Sify Technologies-Spon ADR | 11.55% | 1,127,713 | $15.4M | No change |
| DEFT Defi Technologies Inc. | 8.15% | 5,309,537 | $10.9M | New |
| ORKA Oruka Therapeutics Inc. | 7.21% | 500,000 | $9.6M | Reduce -16.7% |
| FBRX Forte Biosciences Inc. | 5.63% | 500,000 | $7.5M | No change |
| ACOG Alpha Cognition Inc. | 4.24% | 869,002 | $5.7M | No change |
| SYBX Synlogic Inc. | 4.14% | 3,312,219 | $5.5M | No change |
| CLM Cornerstone Strategic Invest | 4.11% | 661,614 | $5.5M | Reduce -0.0% |
| CRF Cornerstone Total Return | 3.99% | 661,450 | $5.3M | Reduce -0.0% |
| MACI Melar Acquisition Corp. I-A | 3.88% | 492,500 | $5.2M | No change |
| PANL Pangaea Logistics Solutions | 3.76% | 985,623 | $5.0M | No change |
| AZ A2Z CUST2MATE Solutions Corp. | 3.00% | 500,000 | $4.0M | Add +60.0% |
| FG MERGER II CORP | 2.94% | 392,000 | $3.9M | No change |
| ABEO Abeona Therapeutics Inc. | 2.38% | 600,000 | $3.2M | New |
| HONE Harborone Bancorp Inc. | 2.04% | 200,000 | $2.7M | New |
| ORIQ Origin Investment Corp. I | 1.89% | 250,700 | $2.5M | New |
| UTF Cohen & Steers Infrastructur | 1.86% | 100,000 | $2.5M | New |
| KCHV Kochav Defense Acquisition-A | 1.83% | 242,953 | $2.4M | No change |
| HDRN Hadron Energy Inc. filed as GIGCAPITAL7 CORP | 1.58% | 200,000 | $2.1M | Reduce -59.8% |
| MKLYU McKinley Acquisition Corp. | 1.50% | 200,000 | $2.0M | New |
| RDAC Rising Dragon Acquisition Co. | 1.47% | 188,000 | $2.0M | No change |
| YHNA YHN Acquisition I Ltd. | 1.34% | 171,000 | $1.8M | No change |
| QUMSU Quantumsphere Acquisition Co. | 1.33% | 174,801 | $1.8M | New |
| STRIVE INC | 1.30% | 432,000 | $1.7M | New |
| XRPN Armada Acquisition Class A | 1.17% | 150,000 | $1.6M | New |
| KOYNU CSLM Digital Asset Acquisiti | 1.14% | 150,000 | $1.5M | New |
| APACU Stonebridge Acquisition II C | 1.12% | 150,000 | $1.5M | New |
| JOB Gee Group Inc. | 1.07% | 6,909,748 | $1.4M | No change |
| LODE Comstock Inc. | 1.03% | 400,000 | $1.4M | New |
| ONCHU 1RT Acquisition Corp. | 0.99% | 125,000 | $1.3M | New |
| GSRFU GSR IV Acquisition Corp. | 0.95% | 125,000 | $1.3M | New |
| EURK Eureka Acquisition Corp. | 0.80% | 100,000 | $1.1M | No change |
| CEPF Cantor Equity Partners Class A | 0.76% | 100,000 | $1.0M | New |
| MBVIU M3-Brigade Acquisition Vi Co. | 0.76% | 100,000 | $1.0M | New |
| TLNCU Talon Capital Corp. | 0.75% | 100,000 | $1.0M | New |
| DMIIU Drugs Made in America Acquis | 0.75% | 100,000 | $995K | New |
| KVUE Kenvue Inc. | 0.73% | 60,000 | $974K | New |
| FVN Future Vision II Acquisition | 0.67% | 85,212 | $891K | No change |
| SNDL SNDL Inc. | 0.62% | 306,195 | $821K | No change |
| TONX Ton Strategy Co. | 0.58% | 110,000 | $774K | New |
| WTG Wintergreen Acquisition Corp. | 0.57% | 75,000 | $755K | No change |
| EMPD Empery Digital Inc. | 0.56% | 100,000 | $752K | New |
| CJMB Callan JMB Inc. | 0.48% | 130,862 | $639K | No change |
| FG NEXUS INC. | 0.40% | 98,310 | $540K | New |
| SURG Surgepays Inc. | 0.38% | 181,667 | $510K | No change |
| OTGAU Otg Acquisition Corp. I | 0.38% | 50,000 | $504K | New |
| GOOG Alphabet Inc. Class C | 0.36% | 1,977 | $482K | Add +15.9% |
| RNTX Rein Therapeutics Inc. | 0.36% | 420,000 | $481K | No change |
| NXTC Nextcure Inc. | 0.28% | 63,178 | $370K | Add +0.1% |
| SGOV iShares 0-3 Month Treasury B | 0.25% | 3,327 | $335K | Add +1.1% |
| NAKA Nakamoto Inc. filed as KINDLY MD INC | 0.24% | 300,000 | $321K | New |
| IPWR Ideal Power Inc. | 0.19% | 50,000 | $251K | No change |
| SPRB Spruce Biosciences Inc. | 0.18% | 26,666 | $239K | New |
| AAM Aa Mission Acquisition Cor-A | 0.17% | 21,538 | $227K | New |
| PYXS Pyxis Oncology Inc. | 0.10% | 61,606 | $137K | No change |
| MYND Mynd.ai Inc. | 0.08% | 118,975 | $112K | No change |
Other holdings (22): bonds, preferreds, convertibles and warrants · $100.0M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| STRATEGY INC (MSTR 0.625 03/15/30) | NOTE 0.625% 3/1 · principal | 43,200,000 | $96.4M | No change |
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 | 625,000 | $2.3M | No change |
| GSRTR GSR III Acquisition Corp. | RIGHT 99/99/9999 | 50,000 | $419K | New |
| FGMCR FG Merger II Corp. | RIGHT 02/11/2030 | 392,000 | $165K | No change |
| HDRNW GIGCAPITAL7 Corp.-A - 29 | *W EXP 08/29/202 | 300,000 | $135K | Reduce -39.8% |
| XRPNW Armada Acquisition Corp - A | *W EXP 05/21/203 | 75,000 | $71K | No change |
| AAM.WS Aa Mission Acquisition -30 | *W EXP 08/01/203 | 385,769 | $62K | Add +2.9% |
| DYCQR DT Cloud Acquisition Cor-RTS | RIGHT 02/14/2029 | 299,800 | $54K | No change |
| KCHVR Kochav Defense Acquisition-R | RIGHT 05/21/2030 | 242,953 | $53K | No change |
| SBCWW Pono Capital Two Inc. -27 | *W EXP 09/17/202 | 196,000 | $40K | No change |
| MPTI.WS M-Tron Industries Inc. -28 | *W EXP 04/25/202 | 22,700 | $40K | No change |
| MACIW Melar Acquisition Corp. I -29 | *W EXP 06/01/203 | 246,250 | $39K | No change |
| RDACR Rising Dragon Acquisition Co. | RIGHT 11/15/2028 | 188,000 | $31K | No change |
| EURKR Eureka Acquisition Corp.-RTS | RIGHT 07/03/2026 | 100,000 | $24K | No change |
| YHNAR YHN Acquisition I Ltd. | RIGHT 08/15/2029 | 171,000 | $24K | No change |
| ORIQW Origin Investment Corp. I -30 | *W EXP 06/27/203 | 125,350 | $23K | New |
| CCGWW Cheche Group Inc. - 28 | *W EXP 10/01/203 | 392,763 | $17K | No change |
| FSHPR Flag Ship Acquisition Corp. | RIGHT 03/31/2026 | 138,000 | $17K | No change |
| WTGUR Wintergreen Acquisition-RT | RIGHT 99/99/9999 | 75,000 | $12K | No change |
| FVNNR Future Vision II Acquisi-RTS | RIGHT 06/29/2029 | 85,212 | $11K | No change |
| COHEN & STEERS INFRASTRU | RIGHT 10/16/2025 | 100,000 | $8K | New |
| EONR.WS HNR Acquisition Corp. -CW23 | *W EXP 11/15/202 | 49,116 | $2K | No change |
Total filed on the 13F, all lines: $233.3M.
Portfolio Sells Q2 2025 → Q3 2025
| PARAA Paramount Global Class B | Sold out | 0.00% | −7.19 |
| WBA Walgreens Boots Alliance Inc. | Sold out | 0.00% | −5.33 |
| SVIIF Spring Valley Acquisition-A | Sold out | 0.00% | −4.64 |
| BGL Blue Gold Ltd. Class A | Sold out | 0.00% | −3.65 |
| HDRN Hadron Energy Inc. | Reduce -59.8% | 1.58% | −3.22 |
| LITS Lite Strategy Inc. | Sold out | 0.00% | −1.40 |
| FSHP Flag Ship Acquisition Corp. | Sold out | 0.00% | −1.33 |
| BULL Webull Corp. | Sold out | 0.00% | −0.97 |
| CLM Cornerstone Strategic Invest | Reduce -0.0% | 4.11% | −0.88 |
| CRF Cornerstone Total Return | Reduce -0.0% | 3.99% | −0.77 |
| XSCDX LMP Capital and Income Fund | Sold out | 0.00% | −0.72 |
| PARAA Paramount Global Class A | Sold out | 0.00% | −0.53 |
| NB Niocorp Developments Ltd. | Sold out | 0.00% | −0.38 |
| ASSET ENTITIES INC | Sold out | 0.00% | −0.37 |
| ELBM Electra Battery Materials Co. | Sold out | 0.00% | −0.21 |
| RFL Rafael Holdings Inc. Class B | Sold out | 0.00% | −0.16 |
| PSHG Performance Shipping Inc. | Sold out | 0.00% | −0.09 |
| ORKA Oruka Therapeutics Inc. | Reduce -16.7% | 7.21% | +0.97 |
Portfolio Buys Q2 2025 → Q3 2025
| DEFT Defi Technologies Inc. | New | 8.15% | +8.15 |
| ABEO Abeona Therapeutics Inc. | New | 2.38% | +2.38 |
| HONE Harborone Bancorp Inc. | New | 2.04% | +2.04 |
| ORIQ Origin Investment Corp. I | New | 1.89% | +1.89 |
| UTF Cohen & Steers Infrastructur | New | 1.86% | +1.86 |
| MKLYU McKinley Acquisition Corp. | New | 1.50% | +1.50 |
| QUMSU Quantumsphere Acquisition Co. | New | 1.33% | +1.33 |
| STRIVE INC | New | 1.30% | +1.30 |
| XRPN Armada Acquisition Class A | New | 1.17% | +1.17 |
| KOYNU CSLM Digital Asset Acquisiti | New | 1.14% | +1.14 |
| APACU Stonebridge Acquisition II C | New | 1.12% | +1.12 |
| LODE Comstock Inc. | New | 1.03% | +1.03 |
| ONCHU 1RT Acquisition Corp. | New | 0.99% | +0.99 |
| GSRFU GSR IV Acquisition Corp. | New | 0.95% | +0.95 |
| CEPF Cantor Equity Partners Class A | New | 0.76% | +0.76 |
| MBVIU M3-Brigade Acquisition Vi Co. | New | 0.76% | +0.76 |
| TLNCU Talon Capital Corp. | New | 0.75% | +0.75 |
| DMIIU Drugs Made in America Acquis | New | 0.75% | +0.75 |
| KVUE Kenvue Inc. | New | 0.73% | +0.73 |
| TONX Ton Strategy Co. | New | 0.58% | +0.58 |
| EMPD Empery Digital Inc. | New | 0.56% | +0.56 |
| FG NEXUS INC. | New | 0.40% | +0.40 |
| OTGAU Otg Acquisition Corp. I | New | 0.38% | +0.38 |
| NAKA Nakamoto Inc. | New | 0.24% | +0.24 |
| SPRB Spruce Biosciences Inc. | New | 0.18% | +0.18 |
| AAM Aa Mission Acquisition Cor-A | New | 0.17% | +0.17 |
| GOOG Alphabet Inc. Class C | Add +15.9% | 0.36% | +0.08 |
| NXTC Nextcure Inc. | Add +0.1% | 0.28% | −0.05 |
| SGOV iShares 0-3 Month Treasury B | Add +1.1% | 0.25% | −0.06 |
| AZ A2Z CUST2MATE Solutions Corp. | Add +60.0% | 3.00% | −0.07 |
Options Activity Q2 2025 → Q3 2025
| STRATEGY INC | call | Sold out | 200,000 | $80.8Mbefore exit |
| ASSET ENTITIES INC | put | Sold out | 7,000 | $26Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2025 → Q3 2025
| ENOVIX CORPORATION | DEBT 3.000% 5/0 · principal | Sold out | 1,000,000 | $964Kbefore exit |
| GSRTR GSR III Acquisition Corp. | RIGHT 99/99/9999 | New | 50,000 | $419K |
| AVPTW Avepoint Inc.-CW24 | *W EXP 09/18/202 | Sold out | 20,000 | $155Kbefore exit |
| HDRNW GIGCAPITAL7 Corp.-A - 29 | *W EXP 08/29/202 | Reduce -39.8% | 300,000 | $135K |
| AAM.WS Aa Mission Acquisition -30 | *W EXP 08/01/203 | Add +2.9% | 385,769 | $62K |
| ORIQW Origin Investment Corp. I -30 | *W EXP 06/27/203 | New | 125,350 | $23K |
| EMCRF Embrace Change Acq-Rights | RIGHT 10/25/2026 | Sold out | 94,000 | $9Kbefore exit |
| COHEN & STEERS INFRASTRU | RIGHT 10/16/2025 | New | 100,000 | $8K |
| LMP CAPITAL AND INCOME FUND | RIGHT 07/11/2025 | Sold out | 50,001 | $4Kbefore exit |
| EMCWF Embrace Change Acquisitio-26 | *W EXP 10/25/202 | Sold out | 94,000 | $2Kbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 146 | $4.6B | MU, MICRON TECHNOLOGY INC, NVDA, NVIDIA CORPORATION, MSFT |
| Q1 2026 | 89 | $234.0M | PSLV, SIFY, ABEO, FBRX, ORKA |
| Q4 2025 | 77 | $1.6B | MSFT, NVDA, AMZN, META, PDD |
| Q3 2025 | 55 | $133.3M | SIFY, DEFT, ORKA, FBRX, ACOG |
| Q2 2025Amended | 44 | $107.7M | ACOG, PARAA, ORKA, FBRX, WBA |
| Q1 2025 | 39 | $86.9M | PARAA, HDRN, MACI, CLM, SVIIF |
| Q4 2024 | 60 | $1.3B | NVDA, META, MSTR, AMZN, TSLA |
| Q3 2024 | 45 | $88.8M | ORKA, PANL, IVCBF, CRF, CLM |
| Q2 2024 | 40 | $90.9M | ARCA BIOPHARMA INC, MACIU, PANL, MGRC, CRF |
| Q1 2024 | 35 | $67.4M | ARCA BIOPHARMA INC, PANL, SYBX, CLM, CRF |