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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
+4.15%
1 Year Est. Return
+26.91%
3 Year Est. Return
+46.25%
5 Year Est. Return
+85.98%
10 Year Est. Return
–
AUM
$1.27B
AUM Growth
+$358M
(+39%)
Cap. Flow
+$142M
Cap. Flow
% of AUM
11.11%
Top 10 Holdings %
Top 10 Hldgs %
46.83%
Holding
166
New
53
Increased
21
Reduced
13
Closed
45
Avg Time Held Equity + Options
0.2
years
Top 10 Avg Time Held Equity + Options
0.1
years
Top 20 Avg Time Held Equity + Options
0.1
years
Avg Time Held Equity only
0.2
years
Top 10 Avg Time Held Equity only
0.1
years
Top 20 Avg Time Held Equity only
0.1
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Warner Bros
WBD
|
+$75.4M |
| 2 |
AES
AES
|
+$65.8M |
| 3 |
Electronic Arts
EA
|
+$56.4M |
| 4 |
Norfolk Southern
NSC
|
+$51.9M |
| 5 |
Masimo
MASI
|
+$49.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Frontier Communications
FYBR
|
+$40.6M |
| 2 |
CyberArk
CYBR
|
+$38.6M |
| 3 |
Exact Sciences
EXAS
|
+$36.3M |
| 4 |
Presidio Production Co
FTW
|
+$31.1M |
| 5 |
Fox Class B
FOX
|
+$25.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 27.7% |
| 2 | Miscellaneous | 26.98% |
| 3 | Communication Services | 18.68% |
| 4 | Healthcare | 7.83% |
| 5 | Utilities | 7.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
DELISTED
Warner Bros
WBD
| $110M | 8.67% |
4,020,305
+2,693,310
| +203% | +$75.4M |
2025 Q4
1 quarter
|
|
|
2
DELISTED
Electronic Arts
EA
| $80.6M | 6.32% |
395,158
+279,449
| +242% | +$56.4M |
2025 Q4
1 quarter
|
|
|
3
PUT
DELISTED
Warner Bros
WBD
| $73.8M | 5.79% |
2,685,900
+2,488,700
| +1,262% | +$69.7M |
2025 Q4
1 quarter
|
|
|
4
AES
AES
$10.7B
| $62.3M | 4.89% |
+4,418,762
| New | +$65.8M |
2026 Q1
0 quarters
|
|
|
5
DELISTED
Masimo
MASI
| $55.6M | 4.37% |
+312,720
| New | +$49.1M |
2026 Q1
0 quarters
|
|
|
6
Norfolk Southern
NSC
$73.4B
| $50.1M | 3.93% |
+174,583
| New | +$51.9M |
2026 Q1
0 quarters
|
|
7
DELISTED
Terns Pharmaceuticals
TERN
| $43.3M | 3.4% |
+822,000
| New | +$33.8M |
2026 Q1
0 quarters
|
|
8
DELISTED
Liberty Broadband Class C
LBRDK
| $42.1M | 3.31% |
837,202
+576,923
| +222% | +$29.1M |
2025 Q2
3 quarters
|
|
9
Bain Capital GSS Investment Corp
BCSS
$596M
| $40.3M | 3.16% |
3,981,252
+1,201,606
| +43% | +$12.2M |
2025 Q4
1 quarter
|
|
|
10
PUT
DELISTED
Electronic Arts
EA
| $38.2M | 3% |
+187,300
| New | +$37.8M |
2026 Q1
0 quarters
|
|
|
FAC
11
Factorial Energy Inc
FAC
$509M
| $27.7M | 2.18% |
2,702,931
+173,810
| +7% | +$1.79M |
2025 Q4
1 quarter
|
|
12
Churchill Capital Corp XI
CCXI
$594M
| $25.6M | 2.01% |
+2,519,848
| New | +$25.6M |
2026 Q1
0 quarters
|
|
13
Gores Holdings X
GTEN
$469M
| $23.7M | 1.86% |
2,315,190
+892,000
| +63% | +$9.19M |
2025 Q2
3 quarters
|
|
14
DELISTED
Clearwater Analytics
CWAN
| $23M | 1.8% |
970,611
-558,677
| -37% | -$13.2M |
2025 Q4
1 quarter
|
|
|
ANSC
15
DELISTED
Agriculture & Natural Solutions Acquisition Corp
ANSC
| $21.2M | 1.67% |
1,879,630
| – | – |
2025 Q3
2 quarters
|
|
16
NorthWestern Energy
NWE
$4.6B
| $20.6M | 1.62% |
+313,027
| New | +$21.2M |
2026 Q1
0 quarters
|
|
|
17
CALL
DELISTED
Warner Bros
WBD
| $19.2M | 1.51% |
699,500
+339,300
| +94% | +$9.5M |
2025 Q4
1 quarter
|
|
|
RAAQ
18
DELISTED
Real Asset Acquisition Corp
RAAQ
| $18.1M | 1.42% |
+1,719,359
| New | +$17.9M |
2026 Q1
0 quarters
|
|
19
Cohen Circle Acquisition Corp II
CCII
$357M
| $16.9M | 1.33% |
1,655,360
+1,303,112
| +370% | +$13.4M |
2025 Q3
2 quarters
|
|
|
OS
20
DELISTED
OneStream Inc
OS
| $16.6M | 1.3% |
+689,587
| New | +$16.2M |
2026 Q1
0 quarters
|
|
21
Perimeter Acquisition Corp I
PMTR
| $16.1M | 1.27% |
1,573,684
+773,684
| +97% | +$8M |
2025 Q2
3 quarters
|
|
22
Graf Global Corp
TONT
$155M
| $16M | 1.26% |
1,496,519
+670,161
| +81% | +$7.17M |
2025 Q4
1 quarter
|
|
23
Roman DBDR Acquisition Corp II
DRDB
$330M
| $16M | 1.25% |
1,523,746
| – | – |
2025 Q1
4 quarters
|
|
|
CCIX
24
DELISTED
Churchill Capital Corp IX
CCIX
| $15.5M | 1.22% |
1,455,889
-1,377,230
| -49% | -$14.7M |
2024 Q2
7 quarters
|
|
25
Core Scientific Inc Tranche 1 Warrants
CORZW
$664M
| $15.4M | 1.21% |
1,764,697
-129,787
| -7% | -$1.39M |
2025 Q3
2 quarters
|
|
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Fort Baker Capital Management's Q1 2026 Portfolio in Review
As of Q1 2026, Fort Baker Capital Management held 166 positions worth $1.27B, up 39% from $916M the previous quarter. Its ten largest holdings account for 47% of the portfolio.
Fort Baker Capital Management deployed $142M of net new capital in Q1 2026, opening 53 new positions and adding to 21 existing holdings. Its largest new stake was AES: 4,418,762 shares worth $62.3M.
By sector, the portfolio is most concentrated in Financials at 28% of assets, up from 26% a quarter earlier, followed by Miscellaneous and Communication Services.
On the sell side, the largest reduction was Presidio Production Co, an estimated $31.1M trimmed.
- Fort Baker Capital Management's largest Q1 2026 buy was AES: 4,418,762 shares worth $62.3M.
- Fort Baker Capital Management added most to Warner Bros in Q1 2026, an estimated $75.4M increase.
- Fort Baker Capital Management's biggest Q1 2026 reduction was Presidio Production Co, cutting an estimated $31.1M.
- Fort Baker Capital Management fully exited Frontier Communications in Q1 2026, selling an estimated $40.6M.
- Fort Baker Capital Management's ten largest holdings make up 47% of its $1.27B portfolio in Q1 2026.
- Fort Baker Capital Management opened 53 new positions and closed 45 in Q1 2026.
- Fort Baker Capital Management's portfolio value rose 39% quarter-over-quarter to $1.27B.
Based on Fort Baker Capital Management's 13F filing for Q1 2026, filed 15 May 2026.