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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 | |
|---|---|---|---|---|---|---|---|
51
DELISTED
RE/MAX Holdings
RMAX
| $2.87M | 0.21% |
+291,076
| New | +$2.54M |
2026 Q2
0 quarters
|
|
52
Aldel Financial II Inc
ALDF
$323M
| $2.72M | 0.2% |
254,193
-200,000
| -44% | -$2.13M |
2024 Q4
6 quarters
|
|
53
CALL
Caesars Entertainment
CZR
$6.01B
| $2.6M | 0.19% |
+86,300
| New | +$2.43M |
2026 Q2
0 quarters
|
|
54
Lifestance Health
LFST
$4.68B
| $2.31M | 0.17% |
+216,000
| New | +$1.67M |
2026 Q2
0 quarters
|
|
55
Octave Intelligence
OCTV
$5.38B
| $2.12M | 0.16% |
+130,000
| New | +$2.39M |
2026 Q2
0 quarters
|
|
|
56
Core Scientific Inc Tranche 1 Warrants
CORZW
$860M
| $2.08M | 0.15% |
110,771
-1,653,926
| -94% | -$27.8M |
2025 Q3
3 quarters
|
|
57
PUT
AES
AES
$10.7B
| $1.7M | 0.12% |
116,300
+63,100
| +119% | +$917K |
2026 Q1
1 quarter
|
|
58
Churchill Capital Corp XI Warrants
CCXIW
$20.7M
| $1.67M | 0.12% |
225,295
| – | – |
2026 Q1
1 quarter
|
|
59
SpaceX
SPCX
$2.06T
| $1.37M | 0.1% |
+8,000
| New | +$1.36M |
2026 Q2
0 quarters
|
|
60
Infinite Eagle Acquisition Corp
IEAG
$439M
| $1.35M | 0.1% |
133,055
| – | – |
2026 Q1
1 quarter
|
|
61
Beazer Homes USA
BZH
$892M
| $1.08M | 0.08% |
+38,400
| New | +$908K |
2026 Q2
0 quarters
|
|
62
Safeguard Acquisition Corp
SAC
$317M
| $1.03M | 0.08% |
+102,239
| New | +$1.03M |
2026 Q2
0 quarters
|
|
63
Syntec Optics Holdings Warrant
OPTXW
$24.5M
| $944K | 0.07% |
+370,273
| New | +$639K |
2026 Q2
0 quarters
|
|
64
Axiom Intelligence Acquisition Corp 1
AXIN
$283M
| $931K | 0.07% |
+90,000
| New | +$924K |
2026 Q2
0 quarters
|
|
|
BBCQW
65
DELISTED
Bleichroeder Acquisition Corp II Warrants
BBCQW
| $909K | 0.07% |
417,149
| – | – |
2026 Q1
1 quarter
|
|
|
NHIC
66
DELISTED
NewHold Investment Corp III
NHIC
| $840K | 0.06% |
+77,163
| New | +$829K |
2026 Q2
0 quarters
|
|
67
AirJoule Technologies Warrant
AIRJW
$49.3M
| $704K | 0.05% |
541,319
+367,547
| +212% | +$322K |
2025 Q3
3 quarters
|
|
68
CALL
LiveRamp
RAMP
$2.29B
| $689K | 0.05% |
+18,300
| New | +$603K |
2026 Q2
0 quarters
|
|
69
FACT II Acquisition Corp
FACT
| $627K | 0.05% |
+58,971
| New | +$625K |
2026 Q2
0 quarters
|
|
70
EGH Acquisition Corp Rights
EGHAR
| $560K | 0.04% |
1,493,658
| – | – |
2026 Q1
1 quarter
|
|
71
Shutterstock
SSTK
$156M
| $414K | 0.03% |
+29,642
| New | +$467K |
2026 Q2
0 quarters
|
|
|
72
Churchill Capital Corp XII Warrants
CXIIW
$7.04M
| $340K | 0.02% |
+199,998
| New | +$268K |
2026 Q2
0 quarters
|
|
73
Karbon Capital Partners Corp Warrant
KBONW
| $281K | 0.02% |
374,937
| – | – |
2026 Q1
1 quarter
|
|
74
Bain Capital GSS Investment Corp Warrants
BCSS.WS
| $276K | 0.02% |
406,531
| – | – |
2025 Q4
2 quarters
|
|
75
General Catalyst Global Resilience Merger Corp Warrants
GCGRW
$6.14M
| $245K | 0.02% |
+249,998
| New | +$227K |
2026 Q2
0 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.