Fort Baker Capital Management portfolio
Concentrated managerInvestment firmPortfolio as of Jun 30, 2026 (Q2 2026) · filed with the SEC on Aug 14, 2026 · data updated on Nov 5, 2026 · Q2 2026 13F (filing) ↗ · all its 13F filings ↗
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
Fort Baker Capital Management reported a $1.0 bn portfolio of 74 companies (99 positions, counting each share class separately) to the SEC as of the end of Q2 2026. Its largest positions are WBD, NSC, EA. During the quarter it opened Archimedes Tech Spac Partners II and exited Real Asset Acquisition and Roman DBDR Acquisition Corp. II.
Sections with a free account
What it reported after the quarter end (Q2 2026)
The 13F shows the portfolio as of Jun 30, 2026. Since then Fort Baker Capital Management has filed these own trades with the SEC (Form 4, when it owns more than 10% of a company or holds a role in it) and stakes above 5% (13D and 13G). It is not everything it did: only what it must report before the next 13F.
- 13GBleichroeder Acquisiti7.2 %
Stake reported in the company · event of Jun 30, 2026 · filed Aug 14, 2026 · filing ↗
- 13G/AFactorial EnergyFAC0 %
Stake reported in the company · event of Jun 30, 2026 · filed Aug 14, 2026 · filing ↗
- 13G/AChurchill Capital Corp XICCXI4.8 %
Stake reported in the company · event of Jun 30, 2026 · filed Aug 14, 2026 · filing ↗
- 13GCrane Harbor Acquisition Corp. IICRAN7.2 %
Stake reported in the company · event of Jun 30, 2026 · filed Aug 14, 2026 · filing ↗
- 13GRithm AcquisitionRAC8.2 %
Stake reported in the company · event of Jun 30, 2026 · filed Aug 14, 2026 · filing ↗
- 13GSpace Asset AcquisitionSAAQ8 %
Stake reported in the company · event of Jun 30, 2026 · filed Aug 14, 2026 · filing ↗
- 13GSpartacus Acquisition Corp. IITMTS8.6 %
Stake reported in the company · event of Jun 30, 2026 · filed Aug 14, 2026 · filing ↗
- 13GViking Acquisition Corp IVACI5.8 %
Stake reported in the company · event of Jun 30, 2026 · filed Aug 14, 2026 · filing ↗
Plus 8 more, in its EDGAR filings.
What changed this quarter
69 positions with a change (20 new, 22 added to, 9 trimmed, 18 sold); also, 7 entered through an IPO, 12 exited through an acquisition or merger, 3 entered through a spin-off. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- Newly listedChurchill Capital Corp XIICXII2.1% of the portfolio
- Newly listedGeneral Catalyst Global Resilience MergerGCGR1.0% of the portfolio
- Newly listedSuncreteRMIX0.5% of the portfolio
It started trading this quarter: it appears in a 13F for the first time. The filing does not say whether the manager already held it before the listing, so it is not counted as a purchase.
- Norfolk Southern+80%more sharesIncreased5.1% → 9.7%
- Liberty Broadband+2.9 ppof portfolioIncreased4.4% → 5.7%
- Real Asset Acquisition−1.9 ppof portfolioSold out2.0% → —
- Roman DBDR Acquisition Corp. II−1.6 ppof portfolioSold out1.6% → —
- Rithm Acquisition+333%more sharesIncreased0.5% → 2.0%
- Space Asset Acquisition+1.5 ppof portfolioIncreased0.4% → 1.9%
- Churchill Capital Corp IX/Cayman+97%more sharesIncreased1.6% → 3.1%
- Core Scientific−94%fewer sharesReduced1.6% → 0.2%
- Archimedes Tech Spac Partners II+1.4 ppof portfolioNew— → 1.4%
- Viking Acquisition Corp I+1.4 ppof portfolioIncreasedunder 0.1% → 1.4%
- Crane Harbor Acquisition Corp. II+91%more sharesIncreased1.4% → 2.5%
- Warner Bros. Discovery+11%more sharesIncreased11.3% → 11.6%
The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight: what it bought or sold, excluding price effects.
Top holdings
- Warner Bros. DiscoveryWBD11.6%
- Norfolk SouthernNSC9.7%
- Electronic ArtsEA7.8%
- AESAES6.9%
- Liberty BroadbandLBRDK5.7%
- Bain Capital GSS InvestmentBCSS4.3%
- Churchill Capital Corp XICCXI · CCXIW3.6%
- Gores Holdings XGTEN3.4%
- Churchill Capital Corp IX/Cayman3.1%
- Cohen Circle Acquisition Corp. IICCII · CCIIW2.6%
- Crane Harbor Acquisition Corp. IICRANU(unit)2.5%
- Northwestern Energy GroupNWE2.2%
- Bleichroeder Acquisiti2.2%
- Churchill Capital Corp XIICXII · CXIIW2.1%
- Rithm AcquisitionRAC2.0%
“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.
Portfolio by sector
- ● SPAC / vehículos 40%
- ● Communication Services 25%
- ● Industrials 14%
- ● Utilities 9%
- ● Information Technology 5%
- ● No sector 4%
- ● Energy 1%
- ● Consumer Discretionary 1%
- ● Real Estate 1%
- ● Materials 1%
How its portfolio changed (8 quarters)
Q2 2026: 99
Q2 2026: 58%
Q2 2026: 21.4%
Traded turnover: the weight it bought plus the weight it sold in the quarter, divided by two, excluding price moves. The plain “turnover” in the header does include that effect. With a free account: the full history and sectors over time.
Declared options (6)
Besides stocks, Fort Baker Capital Management declared 4 puts (they gain if the stock falls) and 2 calls (they gain if it rises) with a notional of $111M. The 13F reports the value of the underlying shares, not the premium paid, so these figures look large and are not added to the portfolio. Nor does it say whether the option is bought or written, or its strike or expiry: it may be a hedge.
- PUTWarner Bros. DiscoveryWBD$64.3M
- PUTInvesco QQQ Trust Series 1 ETFQQQnew this quarter$36.8M
- PUTElectronic ArtsEA$4.6M
- CALLCaesars EntertainmentCZRnew this quarter$2.6M
- PUTAESAES$1.7M
- CALLLiveRamp HoldingsRAMPnew this quarter$689K
Stakes above 5% (13D/13G)
Companies where this filer reported holding 5% or more of the shares. It is the figure from its latest filing on each one; history since December 2024.
How we classify it
Investment firm, per its Form ADV of Mar 31, 2026 (high confidence).
The data, as reported: FORT BAKER CAPITAL MANAGEMENT LP (CRD 282926): 7.B private funds: 1 hedge (gross assets $18M); 5.D assets by client type: pooled vehicles 62%, registered funds 38% (of $1.1 bn)
The type comes from a rule applied to that data. If it looks wrong, tell us.
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