Cable Car Capital LLC Profile Picture Investment Adviser

Cable Car Capital LLC

Cable Car Capital LLC

  • EducationColumbia University
  • QualificationsBA, MA, CFA
  • Founded2013

Hedged Value

Cable Car Capital invests globally in public companies. The firm screens public companies using an intensive, fundamental research process that seeks to identify mispriced securities using a value-oriented approach with a multi-year time horizon. Cable Car Capital capitalizes opportunistically on shorter-term or special situation (e.g. spinoffs, reorganizations, merger arbitrage) opportunities while maintaining a concentrated core portfolio of contrarian/out-of-favor but high-quality longs and over-hyped or mismanaged single-name shorts.
For non-U.S. public companies, Cable Car utilizes American Depository Receipts which are called ADRs. These are receipts of shares of foreign companies that trade on the U.S. stock market exchanges.

Risk score

Risk Score 5
5
9.2%

Best 30 days

-3.4%

Worst 30 days

Performance

  • -2.9%
    30 day
  • -3.0%
    90 day
  • 15.0%
    S.I.
    August 22, 2013
Monthly vs S&P500
Cable Car Capital LLC - Hedged Value Monthly vs S&P500
-7.0% S.I.
  • $30,000 investment min
  • Margin account required
  • 2% fee

Replicability

100.0%
  • Replicable

Top 5 Holdings View all

68.8%
19.1%
19.0%
9.3%
-5.5%

Portfolio commentary

  1. What Walgreen's tax-inversion move means for investors

    17 July 2014

    Tax-driven mergers with foreign firms are all the rage.

  2. Staying flexible for future opportunities 1 July 2014

show more


Performance detail

  • Manager (net of fees)

Performance

Covestor inception August 22, 2013

as of August 19, 2014 Manager (net of fees) S&P 500
Past 30 days -2.9% 0.4%
Past 90 days -3.0% 5.5%
Since Covestor inception 15.0% 22.1%
2014 (YTD) -4.1% 8.6%

Risk metrics

Since Covestor inception

as of August 19, 2014 Manager (net of fees) S&P 500
Best 30 days 9.2% 7.9%
Worst 30 days -3.4% -4.8%
Volatility 9.3% 10.4%
Sharpe Ratio 1.63 2.13
Sortino Ratio 2.41 2.90
Maximum Drawdown -5.4% -5.7%
Value-at-risk (95%, 1 week) -2.2% -2.4%
vs. S&P 500
Information Ratio - 0.54
Alpha 12.8%
Beta 0.09
R-Squared 0.01
  • $30,000 investment min
  • Margin account required
  • 2% fee

Latest transactions View all

Average trades per month 10.1
Executed Symbol Security Replicable Type Price
08/14/14 MNK Mallinckrodt PLC Yes Sell short $71.45
08/14/14 QCOR Questcor Pharmaceuticals Inc Yes Buy to cover $93.79
08/13/14 WRLD World Acceptance Corp Yes Sell short $83.12
08/13/14 HTZ Hertz Global Holdings Inc Yes Sell short $28.86
08/07/14 HTZ Hertz Global Holdings Inc Yes Sell short $27.20
08/06/14 WAG Walgreen Co Yes Buy $58.71
07/21/14 CBSO CBS Outdoor Americas Inc Yes Buy to cover $34.20
07/09/14 CBSO CBS Outdoor Americas Inc Yes Sell short $31.75

Important Information

  1. Past performance is no guarantee of future results.
  2. Performance of the portfolio manager's account is calculated by Covestor on a daily time-weighted basis, including cash, dividends and earnings distributions and broker commissions. Manager returns include trades and positions that fail Covestor's trading rules, as a result, actual client returns will differ. Covestor advisory fees are simulated and applied retro-actively to present the portfolio return "net-of-fees".
  3. Average client returns are calculated by Covestor and are composed of the average, time-weighted returns of all active client investments (some of which may contain investment restrictions) to the underlying portfolio. These daily average returns are then linked together for the timeframe presented. These returns include cash, dividends, earnings distributions, brokerage commissions and Covestor advisory fees.
  4. All graph data is as of the end of day for the referenced period, unless otherwise specified. The investment minimum is the minimum investment required to follow a particular portfolio. The minimum amount is determined by Covestor, based on the characteristics of the underlying portfolio. It should not be considered as specific investment advice for your investment situation.
  5. The performance charts are provided for informational purposes only, and should not be used as the basis for making an investment decision. Variables such as corporate actions or foreign exchange may affect daily performance displays. We rely on mathematical formulas, computer programs, and pricing information from third-party vendors to provide these returns. Neither Covestor nor any of its data or content providers shall be liable for any errors in this information or any actions taken by you in reliance upon this information.
  6. Benchmark returns have been calculated by Covestor using a time-weighted calculation of daily index valuations. Benchmarks presented are total return and therefore inclusive of cash, dividends and earnings distributions but not transaction costs. More
  7. Leverage indicates the level of margin utilized and is calculated by dividing gross exposure by portfolio net liquidation value.
  8. All Portfolio Manager information including personal data, profiles, strategies, monthly investment reports, and historical results outside of Covestor has been provided by the Portfolio Manager. Covestor makes no representation or warranty of its accuracy, completeness or relevance and it does not represent the opinions of Covestor. Transaction history is available upon request. Portfolio classifications are provided by Covestor, and are intended to serve as a general guide.
  9. Transactions that are marked as "Replicable" passed Covestor's trading rules and were eligible for replication at the time of execution, subject to individual client constraints. Eligibility for replication may change over time. Actual client investment trade activity may vary.
  10. Index returns do not reflect any management fees, transaction costs or expenses. Individuals cannot invest directly in an Index.