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FBCM
Fort Baker Capital Management Portfolio holdings
AUM
$1.37B
Turnover
43.87%
1-Year Est. Return
26.91%
This Fund
S&P 500
This Quarter
Est. Return
+8.87%
1 Year Est. Return
+26.91%
3 Year Est. Return
+46.25%
5 Year Est. Return
+85.98%
10 Year Est. Return
–
AUM
$916M
AUM Growth
+$284M
(+45%)
Cap. Flow
+$123M
Cap. Flow
% of AUM
13.47%
Top 10 Holdings %
Top 10 Hldgs %
36.99%
Holding
152
New
57
Increased
10
Reduced
8
Closed
50
Avg Time Held Equity + Options
0.2
years
Top 10 Avg Time Held Equity + Options
0.4
years
Top 20 Avg Time Held Equity + Options
0.3
years
Avg Time Held Equity only
0.2
years
Top 10 Avg Time Held Equity only
0.4
years
Top 20 Avg Time Held Equity only
0.3
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Warner Bros
WBD
|
+$31M |
| 2 |
Clearwater Analytics
CWAN
|
+$30.6M |
| 3 |
Exact Sciences
EXAS
|
+$28.7M |
| 4 |
Bain Capital GSS Investment Corp
BCSS
|
+$28M |
| 5 |
FAC
Factorial Energy Inc
FAC
|
+$25.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TEGNA Inc
TGNA
|
+$34.3M |
| 2 |
CCCX
Churchill Capital Corp X
CCCX
|
+$22.2M |
| 3 |
Liberty Broadband Class C
LBRDK
|
+$19.5M |
| 4 |
MeridianLink
MLNK
|
+$13.4M |
| 5 |
Bain Capital GSS Investment Corp Units
BCSS.U
|
+$13.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 28.13% |
| 2 | Financials | 25.62% |
| 3 | Communication Services | 15.84% |
| 4 | Technology | 12.16% |
| 5 | Healthcare | 7.77% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
DELISTED
Frontier Communications
FYBR
| $40.6M | 4.43% |
1,066,137
+72,442
| +7% | +$2.74M |
2024 Q4
4 quarters
|
|
2
DELISTED
CyberArk
CYBR
| $38.6M | 4.22% |
86,604
-17,145
| -17% | -$8.25M |
2025 Q3
1 quarter
|
|
|
3
DELISTED
Warner Bros
WBD
| $38.2M | 4.18% |
+1,326,995
| New | +$31M |
2025 Q4
0 quarters
|
|
4
Presidio Production Co
FTW
$295M
| $37.5M | 4.09% |
3,570,433
| – | – |
2025 Q2
2 quarters
|
|
|
5
DELISTED
Clearwater Analytics
CWAN
| $36.9M | 4.03% |
+1,529,288
| New | +$30.6M |
2025 Q4
0 quarters
|
|
|
6
DELISTED
Exact Sciences
EXAS
| $36.3M | 3.96% |
+357,000
| New | +$28.7M |
2025 Q4
0 quarters
|
|
|
CCIX
7
DELISTED
Churchill Capital Corp IX
CCIX
| $30.1M | 3.29% |
2,833,119
| – | – |
2024 Q2
6 quarters
|
|
|
8
Bain Capital GSS Investment Corp
BCSS
$596M
| $28M | 3.06% |
+2,779,646
| New | +$28M |
2025 Q4
0 quarters
|
|
9
DELISTED
Haymaker Acquisition Corp 4
HYAC
| $26.6M | 2.9% |
2,337,220
| – | – |
2024 Q3
5 quarters
|
|
|
FAC
10
Factorial Energy Inc
FAC
$509M
| $26M | 2.84% |
+2,529,121
| New | +$25.7M |
2025 Q4
0 quarters
|
|
11
Fox Class B
FOX
$24.1B
| $25.1M | 2.74% |
+386,475
| New | +$22.6M |
2025 Q4
0 quarters
|
|
12
DELISTED
Electronic Arts
EA
| $23.6M | 2.58% |
+115,709
| New | +$23.4M |
2025 Q4
0 quarters
|
|
13
Churchill Capital Corp XI Units
CCXIU
$339M
| $23M | 2.51% |
+2,252,979
| New | +$23M |
2025 Q4
0 quarters
|
|
|
ANSC
14
DELISTED
Agriculture & Natural Solutions Acquisition Corp
ANSC
| $21M | 2.3% |
1,879,630
+942,714
| +101% | +$10.5M |
2025 Q3
1 quarter
|
|
15
DELISTED
Hologic
HOLX
| $20.8M | 2.27% |
+279,139
| New | +$20.4M |
2025 Q4
0 quarters
|
|
16
DELISTED
Dayforce
DAY
| $18.7M | 2.04% |
270,010
-54,578
| -17% | -$3.76M |
2025 Q3
1 quarter
|
|
17
Core Scientific Inc Tranche 1 Warrants
CORZW
$664M
| $16M | 1.75% |
1,894,484
+398,886
| +27% | +$4.43M |
2025 Q3
1 quarter
|
|
18
Roman DBDR Acquisition Corp II
DRDB
$330M
| $15.9M | 1.74% |
1,523,746
+610,214
| +67% | +$6.36M |
2025 Q1
3 quarters
|
|
19
Karbon Capital Partners Corp Units
KBONU
$314M
| $15.1M | 1.65% |
+1,499,756
| New | +$15.1M |
2025 Q4
0 quarters
|
|
20
International Money Express
IMXI
$311M
| $14.6M | 1.6% |
+951,582
| New | +$14.3M |
2025 Q4
0 quarters
|
|
21
Gores Holdings X
GTEN
$469M
| $14.6M | 1.59% |
1,423,190
+573,190
| +67% | +$5.92M |
2025 Q2
2 quarters
|
|
|
RNAM
22
DELISTED
Avidity Biosciences
RNAM
| $12.9M | 1.41% |
+178,980
| New | +$11.6M |
2025 Q4
0 quarters
|
|
|
23
DELISTED
Liberty Broadband Class C
LBRDK
| $12.6M | 1.38% |
260,279
-375,112
| -59% | -$19.5M |
2025 Q2
2 quarters
|
|
24
National Energy Services Reunited Corp
NESR
$1.89B
| $12.3M | 1.34% |
783,649
-34,103
| -4% | -$447K |
2024 Q4
4 quarters
|
|
25
Gesher Acquisition Corp. II Class A Ordinary Shares
GSHR
$216M
| $11.2M | 1.22% |
1,091,570
| – | – |
2025 Q2
2 quarters
|
|
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Fort Baker Capital Management's Q4 2025 Portfolio in Review
As of Q4 2025, Fort Baker Capital Management held 152 positions worth $916M, up 45% from $632M the previous quarter. Its ten largest holdings account for 37% of the portfolio.
Fort Baker Capital Management deployed $123M of net new capital in Q4 2025, opening 57 new positions and adding to 10 existing holdings. Its largest new stake was Warner Bros: 1,326,995 shares worth $38.2M.
By sector, the portfolio is most concentrated in Miscellaneous at 28% of assets, down from 32% a quarter earlier, followed by Financials and Communication Services.
On the sell side, the largest reduction was Liberty Broadband Class C, an estimated $19.5M trimmed.
- Fort Baker Capital Management's largest Q4 2025 buy was Warner Bros: 1,326,995 shares worth $38.2M.
- Fort Baker Capital Management added most to Agriculture & Natural Solutions Acquisition Corp in Q4 2025, an estimated $10.5M increase.
- Fort Baker Capital Management's biggest Q4 2025 reduction was Liberty Broadband Class C, cutting an estimated $19.5M.
- Fort Baker Capital Management fully exited TEGNA Inc in Q4 2025, selling an estimated $34.3M.
- Fort Baker Capital Management's ten largest holdings make up 37% of its $916M portfolio in Q4 2025.
- Fort Baker Capital Management opened 57 new positions and closed 50 in Q4 2025.
- Fort Baker Capital Management's portfolio value rose 45% quarter-over-quarter to $916M.
Based on Fort Baker Capital Management's 13F filing for Q4 2025, filed 17 Feb 2026.