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FBCM
Fort Baker Capital Management Portfolio holdings
AUM
$1.37B
1-Year Est. Return
26.91%
This Fund
S&P 500
This Quarter
Est. Return
+5.21%
1 Year Est. Return
+26.91%
3 Year Est. Return
+46.25%
5 Year Est. Return
+85.98%
10 Year Est. Return
–
AUM
$1.37B
AUM Growth
+$93.5M
(+7.3%)
Cap. Flow
-$83.1M
Cap. Flow
% of AUM
-6.08%
Top 10 Holdings %
Top 10 Hldgs %
46.37%
Holding
155
New
34
Increased
23
Reduced
10
Closed
34
Avg Time Held Equity + Options
1.3
quarters
Top 10 Avg Time Held Equity + Options
0.9
quarters
Top 20 Avg Time Held Equity + Options
0.8
quarters
Avg Time Held Equity only
1.4
quarters
Top 10 Avg Time Held Equity only
0.9
quarters
Top 20 Avg Time Held Equity only
0.8
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Norfolk Southern
NSC
|
+$43.1M |
| 2 |
Liberty Broadband Class C
LBRDK
|
+$28.4M |
| 3 |
Churchill Capital Corp XII
CXII
|
+$20.6M |
| 4 |
Spartacus Acquisition Corp II
TMTS
|
+$19.7M |
| 5 |
Space Asset Acquisition Corp
SAAQ
|
+$15.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Masimo
MASI
|
+$55.6M |
| 2 |
Terns Pharmaceuticals
TERN
|
+$43.3M |
| 3 |
Core Scientific Inc Tranche 1 Warrants
CORZW
|
+$27.8M |
| 4 |
FAC
Factorial Energy Inc
FAC
|
+$27.7M |
| 5 |
Clearwater Analytics
CWAN
|
+$23M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 35.23% |
| 2 | Miscellaneous | 28.15% |
| 3 | Communication Services | 18.78% |
| 4 | Industrials | 7.33% |
| 5 | Utilities | 6.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
26
Oaktree Acquisition Corp III Life Sciences
OACC
$264M
| $11.8M | 0.87% |
1,105,394
+105,394
| +11% | +$1.12M |
2026 Q1
1 quarter
|
|
27
Gesher Acquisition Corp. II Class A Ordinary Shares
GSHR
| $11.4M | 0.83% |
1,091,570
| – | – |
2025 Q2
4 quarters
|
|
28
LiveRamp
RAMP
$2.29B
| $10.9M | 0.8% |
+290,823
| New | +$9.58M |
2026 Q2
0 quarters
|
|
29
General Catalyst Global Resilience Merger Corp
GCGR
| $10.1M | 0.74% |
+1,000,000
| New | +$10.1M |
2026 Q2
0 quarters
|
|
30
Mountain Lake Acquisition Corp II
MLAA
| $9.93M | 0.73% |
+1,000,000
| New | +$9.97M |
2026 Q2
0 quarters
|
|
31
Presidio Production Co
FTW
$296M
| $9.91M | 0.73% |
815,247
+35,676
| +5% | +$408K |
2025 Q2
4 quarters
|
|
32
EGH Acquisition Corp
EGHA
| $9.59M | 0.7% |
931,782
| – | – |
2026 Q1
1 quarter
|
|
33
Daedalus Special Acquisition Corp
DSAC
| $8.98M | 0.66% |
890,000
| – | – |
2026 Q1
1 quarter
|
|
34
Insight Digital Partners II
DYOR
| $7.72M | 0.56% |
769,129
| – | – |
2025 Q4
2 quarters
|
|
35
Caesars Entertainment
CZR
$6.01B
| $7.37M | 0.54% |
+244,341
| New | +$6.89M |
2026 Q2
0 quarters
|
|
36
OneIM Acquisition Corp
OIM
$366M
| $7.08M | 0.52% |
702,992
| – | – |
2026 Q1
1 quarter
|
|
37
Black Spade Acquisition III Co
BIII
$232M
| $6.97M | 0.51% |
700,000
+200,000
| +40% | +$1.98M |
2026 Q1
1 quarter
|
|
38
Keystone Acquisition Corp Unit
KEYYU
| $6.02M | 0.44% |
+600,000
| New | +$6.02M |
2026 Q2
0 quarters
|
|
39
Vine Hill Capital Investment Corp II
VHCP
$309M
| $5.99M | 0.44% |
600,000
| – | – |
2026 Q1
1 quarter
|
|
|
40
DELISTED
Liberty Broadband Class A
LBRDA
| $5.84M | 0.43% |
175,602
+163,148
| +1,310% | +$6.35M |
2025 Q4
2 quarters
|
|
41
Suncrete Inc
RMIX
$806M
| $5.53M | 0.4% |
+245,438
| New | +$4.24M |
2026 Q2
0 quarters
|
|
|
TWO
42
DELISTED
Two Harbors Investment
TWO
| $4.8M | 0.35% |
+386,971
| New | +$4.63M |
2026 Q2
0 quarters
|
|
43
PUT
DELISTED
Electronic Arts
EA
| $4.59M | 0.34% |
22,400
-164,900
| -88% | -$33.4M |
2026 Q1
1 quarter
|
|
44
Klarna Group
KLAR
$5.07B
| $4.55M | 0.33% |
+225,000
| New | +$3.54M |
2026 Q2
0 quarters
|
|
|
BCAR
45
DELISTED
D. Boral ARC Acquisition I Corp
BCAR
| $4.15M | 0.3% |
+397,650
| New | +$4.17M |
2026 Q2
0 quarters
|
|
46
Devon Energy
DVN
$55.2B
| $3.93M | 0.29% |
+95,000
| New | +$4.4M |
2026 Q2
0 quarters
|
|
47
Spring Valley Acquisition Corp IV
SVIV
$309M
| $3.82M | 0.28% |
375,611
+175,611
| +88% | +$1.77M |
2026 Q1
1 quarter
|
|
48
EQV Ventures Acquisition Corp II
EVAC
$603M
| $3.34M | 0.24% |
328,000
| – | – |
2025 Q3
3 quarters
|
|
49
Evolution Global Acquisition Corp
EVOX
$324M
| $3.34M | 0.24% |
333,223
-100,000
| -23% | -$1M |
2025 Q4
2 quarters
|
|
50
ProCap Acquisition Corp
PCAP
$331M
| $3.12M | 0.23% |
303,781
| – | – |
2025 Q3
3 quarters
|
|
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Fort Baker Capital Management's Q2 2026 Portfolio in Review
As of Q2 2026, Fort Baker Capital Management held 155 positions worth $1.37B, up 7.3% from $1.27B the previous quarter. Its ten largest holdings account for 46% of the portfolio.
Fort Baker Capital Management withdrew a net $83.1M in Q2 2026, closing 34 positions and reducing 10 holdings. Its most notable exit was Masimo, an estimated $55.6M position sold in full.
By sector, the portfolio is most concentrated in Financials at 35% of assets, up from 28% a quarter earlier, followed by Miscellaneous and Communication Services.
Against the trend, Fort Baker Capital Management opened a new position in Churchill Capital Corp XII worth $21.3M.
- Fort Baker Capital Management's largest Q2 2026 buy was Churchill Capital Corp XII: 2,000,000 shares worth $21.3M.
- Fort Baker Capital Management added most to Norfolk Southern in Q2 2026, an estimated $43.1M increase.
- Fort Baker Capital Management's biggest Q2 2026 reduction was Core Scientific Inc Tranche 1 Warrants, cutting an estimated $27.8M.
- Fort Baker Capital Management fully exited Masimo in Q2 2026, selling an estimated $55.6M.
- Fort Baker Capital Management's ten largest holdings make up 46% of its $1.37B portfolio in Q2 2026.
- Fort Baker Capital Management opened 34 new positions and closed 34 in Q2 2026.
- Fort Baker Capital Management's portfolio value rose 7.3% quarter-over-quarter to $1.37B.
Based on Fort Baker Capital Management's 13F filing for Q2 2026, filed 14 Aug 2026.