Cable Car Capital, LP
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Cable Car Capital, LP reported 77 stock positions worth $1.6 billion. Its top holding was Microsoft (MSFT) at 45.4% of the portfolio, followed by Nvidia (NVDA, 26.7%) and Amazon.com (AMZN, 8.8%). Compared with Q3 2025, it opened 33 new positions, sold out of 10, added to 8 and reduced 5. The biggest buy was a new position in Microsoft (MSFT) and the biggest sale Defi Technologies (DEFT, shares −75%).
- Most Recent 13F
- Q2 2026
- Location
- SAN FRANCISCO, CA
- CIK
- 0001699575
- Portfolio Value
- $1.6B (Q4 2025)
- SEC Filing
- 0002073679-26-000028 ↗ filed Feb 17, 2026
Holdings Value
Holdings 77 stocks · $1.6B
| MSFT Microsoft Corp. | 45.38% | 1,455,200 | $703.8M | New |
| NVDA Nvidia Corp. | 26.70% | 2,220,000 | $414.0M | New |
| AMZN Amazon.com Inc. | 8.78% | 590,000 | $136.2M | New |
| META Meta Platforms Inc. Class A | 5.32% | 125,000 | $82.5M | New |
| PDD PDD Holdings Inc. | 1.61% | 220,000 | $24.9M | New |
| BA The Boeing Co. | 1.12% | 80,000 | $17.4M | New |
| SIFY Sify Technologies-Spon ADR | 0.92% | 1,169,788 | $14.3M | Add +3.7% |
| ABEO Abeona Therapeutics Inc. | 0.85% | 2,500,000 | $13.2M | Add +316.7% |
| ORKA Oruka Therapeutics Inc. | 0.78% | 400,000 | $12.1M | Reduce -20.0% |
| INTC Intel Corp. | 0.72% | 304,000 | $11.2M | New |
| FBRX Forte Biosciences Inc. | 0.70% | 400,000 | $10.9M | Reduce -20.0% |
| BELFA Bel Fuse Inc. Class A | 0.46% | 46,763 | $7.1M | New |
| ACOG Alpha Cognition Inc. | 0.44% | 1,060,212 | $6.9M | Add +22.0% |
| PANL Pangaea Logistics Solutions | 0.44% | 985,623 | $6.8M | No change |
| UBER Uber Technologies Inc. | 0.42% | 80,000 | $6.5M | New |
| CLM Cornerstone Strategic Invest | 0.36% | 661,683 | $5.5M | Add +0.0% |
| CRF Cornerstone Total Return | 0.34% | 661,503 | $5.3M | Add +0.0% |
| MACI Melar Acquisition Corp. I-A | 0.34% | 492,500 | $5.2M | No change |
| IMA Imagenebio Inc. | 0.29% | 643,933 | $4.4M | New |
| FG MERGER II CORP | 0.25% | 392,000 | $3.9M | No change |
| SYBX Synlogic Inc. | 0.24% | 3,312,219 | $3.7M | No change |
| AZ A2Z CUST2MATE Solutions Corp. | 0.23% | 550,000 | $3.6M | Add +10.0% |
| TORO Toro Corp. | 0.18% | 520,000 | $2.7M | New |
| AMWL American Well Corp. Class A | 0.18% | 553,349 | $2.7M | New |
| ORIQ Origin Investment Corp. I | 0.16% | 250,700 | $2.5M | No change |
| KCHV Kochav Defense Acquisition-A | 0.16% | 242,953 | $2.5M | No change |
| MKLYU McKinley Acquisition Corp. | 0.13% | 200,000 | $2.0M | No change |
| RDAC Rising Dragon Acquisition Co. | 0.11% | 178,938 | $1.8M | Reduce -4.8% |
| QUMS Quantumsphere Acquisition Co. | 0.11% | 174,801 | $1.7M | No change |
| NOVA MINERALS LTD-ADR | 0.11% | 268,292 | $1.6M | New |
| XRPN Armada Acquisition Class A | 0.10% | 150,000 | $1.5M | No change |
| KOYN CSLM Digital Asset Acqu - A | 0.10% | 150,000 | $1.5M | No change |
| APAC Stonebridge Acquisition Class A | 0.10% | 150,000 | $1.5M | New |
| LEE Lee Enterprises | 0.09% | 300,000 | $1.4M | New |
| JOB Gee Group Inc. | 0.09% | 6,909,748 | $1.3M | No change |
| ONCH 1RT Acquisition Corp. Class A | 0.08% | 125,000 | $1.3M | No change |
| GSRF GSR IV Acquisition Corp. Class A | 0.08% | 124,999 | $1.2M | No change |
| AIIA AI Infrastructure Ac-A | 0.08% | 125,000 | $1.2M | New |
| FG NEXUS INC. | 0.07% | 400,000 | $1.1M | Add +306.9% |
| EURK Eureka Acquisition Corp. | 0.07% | 100,000 | $1.1M | No change |
| CEPF Cantor Equity Partners Class A | 0.07% | 100,000 | $1.0M | No change |
| TLNC Talon Capital Corp. Class A | 0.07% | 100,002 | $1.0M | No change |
| MBVI M3-Brigade Acquisition Class A | 0.06% | 100,002 | $1.0M | No change |
| BLRKU Bluerock Acquisition Corp. | 0.06% | 100,000 | $1.0M | New |
| TWLVU Twelve Seas Investment Co. II | 0.06% | 100,000 | $995K | New |
| NKLR Terra Innovatum Global NV | 0.06% | 215,000 | $993K | New |
| ALIS Calisa Acquisition Corp. | 0.06% | 100,000 | $993K | New |
| DEFT Defi Technologies Inc. | 0.06% | 1,315,670 | $993K | Reduce -75.2% |
| DMII Drugs Made in America Acquis | 0.06% | 100,000 | $990K | No change |
| FVN Future Vision II Acquisition | 0.06% | 85,212 | $901K | No change |
| WTG Wintergreen Acquisition Corp. | 0.05% | 75,000 | $764K | No change |
| HCACU Hall Chadwick Acquisition Co. | 0.05% | 75,000 | $752K | New |
| LAFA Lafayette Acquisition Corp. | 0.05% | 75,000 | $743K | New |
| BIXI Bitcoin Infrastructure Class A | 0.05% | 75,000 | $739K | New |
| KTTA Pasithea Therapeutics Corp. | 0.04% | 500,000 | $645K | New |
| STRR Star Equity Holdings Inc. | 0.04% | 57,290 | $645K | New |
| SNDL SNDL Inc. | 0.03% | 306,195 | $508K | No change |
| OTGA Otg Acquisition Corp. I Class A | 0.03% | 50,000 | $500K | No change |
| ITHAU Ithax Acquisition Corp. III | 0.03% | 50,000 | $499K | New |
| RNTX Rein Therapeutics Inc. | 0.03% | 420,000 | $487K | No change |
| EMPD Empery Digital Inc. | 0.03% | 100,000 | $457K | No change |
| HYT BlackRock Corp. Hi YLD | 0.03% | 50,000 | $445K | New |
| GFR Greenfire Resources Ltd. | 0.03% | 91,720 | $437K | New |
| GOOG Alphabet Inc. Class C | 0.02% | 1,183 | $371K | Reduce -40.2% |
| SGOV iShares 0-3 Month Treasury B | 0.02% | 3,372 | $338K | Add +1.4% |
| SLMT Brera Holdings PLC Class B | 0.02% | 172,222 | $322K | New |
| SURG Surgepays Inc. | 0.02% | 181,667 | $303K | No change |
| ATCH Atlasclear Holdings Inc. | 0.02% | 1,177,833 | $296K | New |
| AAM Aa Mission Acquisition Cor-A | 0.01% | 21,538 | $230K | No change |
| TONX Ton Strategy Co. | 0.01% | 110,000 | $219K | No change |
| APWC Asia Pacific Wire & Cable | 0.01% | 100,000 | $186K | New |
| FWDI Forward Industries Inc. | 0.01% | 27,028 | $179K | New |
| IPWR Ideal Power Inc. | 0.01% | 50,000 | $155K | No change |
| CJMB Callan JMB Inc. | 0.01% | 130,862 | $145K | No change |
| AMPG Amplitech Group Inc. | 0.00% | 25,000 | $75K | New |
| PYXS Pyxis Oncology Inc. | 0.00% | 61,606 | $71K | No change |
| MYND Mynd.ai Inc. | 0.00% | 118,975 | $52K | No change |
Options reported separately and not counted above: MICROSOFT CORP puts ($703.8M), NVIDIA CORPORATION puts ($414.0M), AMAZON COM INC puts ($136.2M), META PLATFORMS INC puts ($82.5M), PDD HOLDINGS INC puts ($24.9M), BOEING CO puts ($17.4M), INTEL CORP puts ($11.2M), UBER TECHNOLOGIES INC puts ($6.5M).
Other holdings (30): bonds, preferreds, convertibles and warrants · $57.9M (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 | $54.8M | No change |
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 | 625,000 | $1.7M | No change |
| WOLFSPEED INC (WOLF 2.5 06/15/31) | NOTE 2.500% 6/1 · principal | 294,000 | $438K | New |
| FGMCR FG Merger II Corp. | RIGHT 02/11/2030 | 392,000 | $216K | No change |
| XRPNW Armada Acquisition Corp - A | *W EXP 05/21/203 | 75,000 | $67K | No change |
| AAM.WS Aa Mission Acquisition -30 | *W EXP 08/01/203 | 385,769 | $65K | No change |
| KCHVR Kochav Defense Acquisition-R | RIGHT 05/21/2030 | 242,953 | $58K | No change |
| ALISR Calisa Acquisition Corp. | RIGHT 09/11/2030 | 100,000 | $49K | New |
| RDACR Rising Dragon Acquisition Co. | RIGHT 11/15/2028 | 188,000 | $45K | No change |
| SBCWW Pono Capital Two Inc. -27 | *W EXP 09/17/202 | 196,000 | $45K | No change |
| GSRFR GSR IV Acquisition Corp.-RTS | RIGHT 08/22/2030 | 17,857 | $43K | Reduce -0.1% |
| EURKR Eureka Acquisition Corp.-RTS | RIGHT 07/03/2026 | 100,000 | $38K | No change |
| QUMSR Quantumsphere Acquisition Co. | RIGHT 08/06/2030 | 174,801 | $37K | New |
| MACIW Melar Acquisition Corp. I -29 | *W EXP 06/01/203 | 246,250 | $35K | No change |
| AI INFRASTRUCTURE ACQUISITIO | RIGHT 99/99/9999 | 125,000 | $33K | New |
| FSHPR Flag Ship Acquisition Corp. | RIGHT 03/31/2026 | 138,000 | $30K | No change |
| KOYNW CSLM Digital Asset Acquisiti | *W EXP 08/28/203 | 75,000 | $26K | New |
| YHNAR YHN Acquisition I Ltd. | RIGHT 08/15/2029 | 171,000 | $26K | No change |
| APACR Stonebridge Acquisition II C | RIGHT 09/09/2030 | 150,000 | $25K | No change |
| ORIQW Origin Investment Corp. I -30 | *W EXP 06/27/203 | 125,350 | $24K | No change |
| TLNCW Talon Capital Corp.-30 | *W EXP 08/27/203 | 33,334 | $18K | Add +0.1% |
| ONCHW 1RT Acquisition Corp.-A -31 | *W EXP 06/26/203 | 31,250 | $18K | New |
| DMIIR Drugs Made in America Acq-RT | RIGHT 09/16/2030 | 100,000 | $14K | No change |
| MBVIW M3-Brigade Acquisition Vi Co. | *W EXP 08/18/203 | 33,334 | $12K | Add +0.1% |
| WTGUR Wintergreen Acquisition-RT | RIGHT 99/99/9999 | 75,000 | $11K | No change |
| FVNNR Future Vision II Acquisi-RTS | RIGHT 06/29/2029 | 85,212 | $11K | No change |
| BIXIW Bitcoin Infrastructure Acqui | *W EXP 11/06/203 | 37,500 | $11K | New |
| LAFAR Lafayette Acquisition Corp. | RIGHT 10/24/2030 | 75,000 | $10K | New |
| CCGWW Cheche Group Inc. - 28 | *W EXP 10/01/203 | 392,763 | $8K | No change |
| OTGAW Otg Acquisition Corp. I - 30 | *W EXP 09/05/203 | 25,000 | $8K | No change |
Total filed on the 13F, all lines: $1.6B.
Portfolio Sells Q3 2025 → Q4 2025
| DEFT Defi Technologies Inc. | Reduce -75.2% | 0.06% | −8.09 |
| ORKA Oruka Therapeutics Inc. | Reduce -20.0% | 0.78% | −6.43 |
| FBRX Forte Biosciences Inc. | Reduce -20.0% | 0.70% | −4.92 |
| HONE Harborone Bancorp Inc. | Sold out | 0.00% | −2.04 |
| UTF Cohen & Steers Infrastructur | Sold out | 0.00% | −1.86 |
| HDRN Hadron Energy Inc. | Sold out | 0.00% | −1.58 |
| RDAC Rising Dragon Acquisition Co. | Reduce -4.8% | 0.11% | −1.36 |
| YHNA YHN Acquisition I Ltd. | Sold out | 0.00% | −1.34 |
| STRIVE INC | Sold out | 0.00% | −1.30 |
| LODE Comstock Inc. | Sold out | 0.00% | −1.03 |
| KVUE Kenvue Inc. | Sold out | 0.00% | −0.73 |
| GOOG Alphabet Inc. Class C | Reduce -40.2% | 0.02% | −0.34 |
| NXTC Nextcure Inc. | Sold out | 0.00% | −0.28 |
| NAKA Nakamoto Inc. | Sold out | 0.00% | −0.24 |
| SPRB Spruce Biosciences Inc. | Sold out | 0.00% | −0.18 |
Portfolio Buys Q3 2025 → Q4 2025
| MSFT Microsoft Corp. | New | 45.38% | +45.38 |
| NVDA Nvidia Corp. | New | 26.70% | +26.70 |
| AMZN Amazon.com Inc. | New | 8.78% | +8.78 |
| META Meta Platforms Inc. Class A | New | 5.32% | +5.32 |
| PDD PDD Holdings Inc. | New | 1.61% | +1.61 |
| BA The Boeing Co. | New | 1.12% | +1.12 |
| INTC Intel Corp. | New | 0.72% | +0.72 |
| BELFA Bel Fuse Inc. Class A | New | 0.46% | +0.46 |
| UBER Uber Technologies Inc. | New | 0.42% | +0.42 |
| IMA Imagenebio Inc. | New | 0.29% | +0.29 |
| TORO Toro Corp. | New | 0.18% | +0.18 |
| AMWL American Well Corp. Class A | New | 0.18% | +0.18 |
| NOVA MINERALS LTD-ADR | New | 0.11% | +0.11 |
| APAC Stonebridge Acquisition Class A | New | 0.10% | +0.10 |
| LEE Lee Enterprises | New | 0.09% | +0.09 |
| AIIA AI Infrastructure Ac-A | New | 0.08% | +0.08 |
| BLRKU Bluerock Acquisition Corp. | New | 0.06% | +0.06 |
| TWLVU Twelve Seas Investment Co. II | New | 0.06% | +0.06 |
| ALIS Calisa Acquisition Corp. | New | 0.06% | +0.06 |
| NKLR Terra Innovatum Global NV | New | 0.06% | +0.06 |
| HCACU Hall Chadwick Acquisition Co. | New | 0.05% | +0.05 |
| LAFA Lafayette Acquisition Corp. | New | 0.05% | +0.05 |
| BIXI Bitcoin Infrastructure Class A | New | 0.05% | +0.05 |
| STRR Star Equity Holdings Inc. | New | 0.04% | +0.04 |
| KTTA Pasithea Therapeutics Corp. | New | 0.04% | +0.04 |
| ITHAU Ithax Acquisition Corp. III | New | 0.03% | +0.03 |
| HYT BlackRock Corp. Hi YLD | New | 0.03% | +0.03 |
| GFR Greenfire Resources Ltd. | New | 0.03% | +0.03 |
| SLMT Brera Holdings PLC Class B | New | 0.02% | +0.02 |
| ATCH Atlasclear Holdings Inc. | New | 0.02% | +0.02 |
| APWC Asia Pacific Wire & Cable | New | 0.01% | +0.01 |
| FWDI Forward Industries Inc. | New | 0.01% | +0.01 |
| AMPG Amplitech Group Inc. | New | 0.00% | +0.00 |
| SGOV iShares 0-3 Month Treasury B | Add +1.4% | 0.02% | −0.23 |
| FG NEXUS INC. | Add +306.9% | 0.07% | −0.33 |
| ABEO Abeona Therapeutics Inc. | Add +316.7% | 0.85% | −1.53 |
| AZ A2Z CUST2MATE Solutions Corp. | Add +10.0% | 0.23% | −2.77 |
| CRF Cornerstone Total Return | Add +0.0% | 0.34% | −3.65 |
| CLM Cornerstone Strategic Invest | Add +0.0% | 0.36% | −3.75 |
| ACOG Alpha Cognition Inc. | Add +22.0% | 0.44% | −3.80 |
| SIFY Sify Technologies-Spon ADR | Add +3.7% | 0.92% | −10.64 |
Options Activity Q3 2025 → Q4 2025
| MICROSOFT CORP | put | New | 1,455,200 | $703.8M |
| NVIDIA CORPORATION | put | New | 2,220,000 | $414.0M |
| AMAZON COM INC | put | New | 590,000 | $136.2M |
| META PLATFORMS INC | put | New | 125,000 | $82.5M |
| PDD HOLDINGS INC | put | New | 220,000 | $24.9M |
| BOEING CO | put | New | 80,000 | $17.4M |
| INTEL CORP | put | New | 304,000 | $11.2M |
| UBER TECHNOLOGIES INC | put | New | 80,000 | $6.5M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2025 → Q4 2025
| WOLFSPEED INC (WOLF 2.5 06/15/31) | NOTE 2.500% 6/1 · principal | New | 294,000 | $438K |
| GSRTR GSR III Acquisition Corp. | RIGHT 99/99/9999 | Sold out | 50,000 | $419Kbefore exit |
| HDRNW GIGCAPITAL7 Corp.-A - 29 | *W EXP 08/29/202 | Sold out | 300,000 | $135Kbefore exit |
| DYCQR DT Cloud Acquisition Cor-RTS | RIGHT 02/14/2029 | Sold out | 299,800 | $54Kbefore exit |
| ALISR Calisa Acquisition Corp. | RIGHT 09/11/2030 | New | 100,000 | $49K |
| GSRFR GSR IV Acquisition Corp.-RTS | RIGHT 08/22/2030 | Reduce -0.1% | 17,857 | $43K |
| MPTI.WS M-Tron Industries Inc. -28 | *W EXP 04/25/202 | Sold out | 22,700 | $40Kbefore exit |
| QUMSR Quantumsphere Acquisition Co. | RIGHT 08/06/2030 | New | 174,801 | $37K |
| AI INFRASTRUCTURE ACQUISITIO | RIGHT 99/99/9999 | New | 125,000 | $33K |
| KOYNW CSLM Digital Asset Acquisiti | *W EXP 08/28/203 | New | 75,000 | $26K |
| TLNCW Talon Capital Corp.-30 | *W EXP 08/27/203 | Add +0.1% | 33,334 | $18K |
| ONCHW 1RT Acquisition Corp.-A -31 | *W EXP 06/26/203 | New | 31,250 | $18K |
| MBVIW M3-Brigade Acquisition Vi Co. | *W EXP 08/18/203 | Add +0.1% | 33,334 | $12K |
| BIXIW Bitcoin Infrastructure Acqui | *W EXP 11/06/203 | New | 37,500 | $11K |
| LAFAR Lafayette Acquisition Corp. | RIGHT 10/24/2030 | New | 75,000 | $10K |
| COHEN & STEERS INFRASTRU | RIGHT 10/16/2025 | Sold out | 100,000 | $8Kbefore exit |
| EONR.WS HNR Acquisition Corp. -CW23 | *W EXP 11/15/202 | Sold out | 49,116 | $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 |