FBCM

Fort Baker Capital Management Portfolio holdings

AUM $469M

AUM

$469M

AUM Growth

-$145M (-24%)

Cap. Flow

+$146M

Cap. Flow % of AUM

31.08%

Top 10 Holdings %Top 10 Hldgs %

55.58%

Holding

New

Increased

Reduced

Closed

Top Buys

1	Ares Acquisition Corp II AACT	$53.1M
2	News Corp Class A NWSA	$27.8M
3	Dun & Bradstreet DNB	$25.9M
4	Spirit AeroSystems SPR	$17.8M
5	Nabors Energy Transition Corp II NETD	$8.92M

Top Sells

1	Enstar Group ESGR	$19.2M
2	CCIX Churchill Capital Corp IX Ordinary Shares CCIX	$5.46M
3	Frontier Communications FYBR	$5.17M
4	NESR National Energy Services Reunited Corp. Ordinary Shares NESR	$2.95M
5	BSII Black Spade Acquisition II Co Class A Ordinary Share BSII	$1.11M

Sector Composition

1	Financials	40.92%
2	Communication Services	15.63%
3	Industrials	5.92%
4	Energy	4.22%
5	Healthcare	0.73%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
1	1 Ares Acquisition Corp II AACT $706M	$53.1M	10.97%	4,766,401	New	+$53.1M
2	2 Frontier Communications FYBR $9.07B	$38.3M	7.9%	1,067,352 -144,076	-12%	-$5.17M
3	3 News Corp Class A NWSA $15.7B	$27.8M	5.74%	1,018,513	New	+$27.8M
4	4 Dun & Bradstreet DNB $4.03B	$25.9M	5.35%	2,895,871	New	+$25.9M
5	CCIX 5 Churchill Capital Corp IX Ordinary Shares CCIX $388M	$24.9M	5.15%	2,311,949 -506,158	-18%	-$5.46M
6	6 Haymaker Acquisition Corp 4 HYAC $328M	$23.6M	4.88%	2,148,219 +636,778	+42%	+$7M
7	NESR 7 National Energy Services Reunited Corp. Ordinary Shares NESR $564M	$19.8M	4.09%	2,687,937 -400,273	-13%	-$2.95M
8	8 Spirit AeroSystems SPR $4.45B	$17.8M	3.67%	515,818	New	+$17.8M
9	9 Enstar Group ESGR $4.99B	$16M	3.31%	48,249 -57,764	-54%	-$19.2M
10	BSII 10 DELISTED Black Spade Acquisition II Co Class A Ordinary Share BSII	$12.7M	2.62%	1,251,999 -109,276	-8%	-$1.11M
11	11 Nabors Energy Transition Corp II NETD $422M	$8.92M	1.84%	814,347	New	+$8.92M
12	12 Rocket Companies RKT $1.93B	$8.38M	1.73%	694,138	New	+$8.38M
13	DRDB 13 Roman DBDR Acquisition Corp. II Ordinary shares DRDB $317M	$8.08M	1.67%	805,647	New	+$8.08M
14	BECN 14 DELISTED Beacon Roofing Supply, Inc. BECN	$6.19M	1.28%	50,000	New	+$6.19M
15	LGF.B 15 DELISTED Lions Gate Entertainment Corp. Class B Non-Voting Shares LGF.B	$4.95M	1.02%	625,062 -40,434	-6%	-$320K
16	ALDF 16 Aldel Financial II Inc. Class A Ordinary Shares ALDF $314M	$4.54M	0.94%	449,087 -108,813	-20%	-$1.1M
17	17 Helix Acquisition Corp II HLXB $255M	$4.23M	0.87%	374,683	New	+$4.23M
18	18 Herc Holdings HRI $3.87B	$3.81M	0.79%	28,343	New	+$3.81M
19	GSHRU 19 Gesher Acquisition Corp. II Units GSHRU $147M	$3.62M	0.75%	361,200	New	+$3.62M
20	20 Amedisys AMED $3.08B	$3.42M	0.71%	36,923	New	+$3.42M
21	21 Lionsgate Studios Corp. LION $1.85B	$2.3M	0.48%	307,973 +45,172	+17%	+$337K
22	KKR.PRD 22 KKR & Co. Inc. 6.25% Series D Mandatory Convertible Preferred Stock KKR.PRD $2.6B	$1.68M	0.35%	34,065	New	+$1.68M
23	CCIR 23 Cohen Circle Acquisition Corp. I Class A Ordinary Shares CCIR $359M	$1.49M	0.31%	132,837	New	+$1.49M
24	NESRW 24 National Energy Services Reunited Corp. Warrant NESRW $54.4M	$578K	0.12%	1,652,298 -1,569,122	-49%	-$549K
25	CCIXW 25 Churchill Capital Corp IX Warrant CCIXW	$279K	0.06%	349,254 -241,521	-41%	-$193K