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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 | |
|---|---|---|---|---|---|---|---|
76
Perimeter Acquisition Corp I Warrant
PMTRW
$7.25M
| $240K | 0.02% |
266,149
| – | – |
2025 Q2
4 quarters
|
|
|
VACI.WS
77
DELISTED
Viking Acquisition Corp I Warrants
VACI.WS
| $192K | 0.01% |
213,681
+113,681
| +114% | +$105K |
2025 Q4
2 quarters
|
|
78
DELISTED
GETTY IMAGES HLDGS INC A
GETY
| $188K | 0.01% |
219,057
-1,176,488
| -84% | -$1.02M |
2026 Q1
1 quarter
|
|
79
Evolution Global Acquisition Corp Warrants
EVOXW
| $172K | 0.01% |
406,147
| – | – |
2025 Q4
2 quarters
|
|
80
Gesher Acquisition Corp II Warrants
GSHRW
| $129K | 0.01% |
450,000
| – | – |
2025 Q2
4 quarters
|
|
81
Alussa Energy Acquisition Corp II Warrants
ALUB.WS
| $128K | 0.01% |
320,157
+65,240
| +26% | +$27.8K |
2026 Q1
1 quarter
|
|
82
Webull Corp Warrants
BULLW
$65.9M
| $116K | 0.01% |
60,208
| – | – |
2025 Q4
2 quarters
|
|
|
83
Space Asset Acquisition Corp Warrants
SAAQW
$3.09M
| $108K | 0.01% |
120,307
+3,241
| +3% | +$2.64K |
2026 Q1
1 quarter
|
|
84
Daedalus Special Acquisition Corp Warrant
DSACW
| $103K | 0.01% |
197,499
| – | – |
2026 Q1
1 quarter
|
|
85
Roman DBDR Acquisition Corp II Warrants
DRDBW
| $99.1K | 0.01% |
402,823
| – | – |
2025 Q1
5 quarters
|
|
86
OneIM Acquisition Corp Warrant
OIMAW
$2.94M
| $96.7K | 0.01% |
117,163
| – | – |
2026 Q1
1 quarter
|
|
87
Axiom Intelligence Acquisition Corp 1 Right
AXINR
| $94.1K | 0.01% |
250,000
| – | – |
2025 Q4
2 quarters
|
|
88
Vine Hill Capital Investment Corp II Warrants
VHCPW
$2.53M
| $94K | 0.01% |
199,999
| – | – |
2026 Q1
1 quarter
|
|
89
Archimedes Tech SPAC Partners II Co Warrant
ATIIW
$13.2M
| $90.2K | 0.01% |
+41,177
| New | +$73.2K |
2026 Q2
0 quarters
|
|
90
Black Spade Acquisition III Co Warrants
BIII.WS
| $63.3K | ﹤0.01% |
166,666
| – | – |
2026 Q1
1 quarter
|
|
91
X3 Acquisition Corp Warrant
XCBEW
| $62.3K | ﹤0.01% |
300,000
| – | – |
2026 Q1
1 quarter
|
|
92
OTG Acquisition Corp I Warrants
OTGAW
| $51.4K | ﹤0.01% |
125,000
| – | – |
2025 Q4
2 quarters
|
|
93
Spring Valley Acquisition Corp IV Warrants
SVIVW
| $48.8K | ﹤0.01% |
49,999
| – | – |
2026 Q1
1 quarter
|
|
|
94
Spartacus Acquisition Corp II Warrants
TMTSW
| $45.3K | ﹤0.01% |
+86,762
| New | +$42.1K |
2026 Q2
0 quarters
|
|
95
Insight Digital Partners II Warrants
DYORW
| $43.5K | ﹤0.01% |
150,000
| – | – |
2025 Q4
2 quarters
|
|
|
ANSCW
96
DELISTED
Agriculture & Natural Solutions Acquisition Corp Warrant
ANSCW
| $43.3K | ﹤0.01% |
215,547
| – | – |
2025 Q4
2 quarters
|
|
97
CoinShares PLC Warrants
CSHRW
$9.13M
| $39.9K | ﹤0.01% |
+53,568
| New | +$62.3K |
2026 Q2
0 quarters
|
|
98
Cohen Circle Acquisition Corp II Warrant
CCIIW
| $35.5K | ﹤0.01% |
50,000
| – | – |
2025 Q3
3 quarters
|
|
99
ProCap Acquisition Corp Warrant
PCAPW
| $32.9K | ﹤0.01% |
101,260
| – | – |
2025 Q3
3 quarters
|
|
100
Infinite Eagle Acquisition Corp Rights
IEAGR
| $26K | ﹤0.01% |
133,055
| – | – |
2026 Q1
1 quarter
|
|
Similar funds
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FCM
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PCM
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AWA
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.