1y return+5.5%S&P 500 +20.9%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since September 30, 2024: $108 against $130 in the S&P 500.2
Fort Baker Capital Management LPS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| Warner Bros Discovery IncCUSIP 934423104 | $118.5M | 11.6% | +10.5% |
| NSCNorfolk Southn Corp | $98.9M | 9.7% | +80.0% |
| Electronic Arts IncCUSIP 285512109 | $79.8M | 7.8% | −1.6% |
| AESAes Corp | $70.2M | 6.8% | +8.3% |
| Liberty Broadband CorpCUSIP 530307305 | $52.1M | 5.1% | +87.0% |
| Bain Cap Gss Invt CorpCUSIP G0R78B106 | $43.6M | 4.3% | +6.7% |
| Churchill Cap Corp XiCUSIP G2131A108 | $35.0M | 3.4% | −20.5% |
| Gores Hldgs X IncCUSIP G4002F109 | $34.9M | 3.4% | +44.5% |
| Churchill Capital Corp IxCUSIP G21301109 | $31.3M | 3.1% | +97.4% |
| Cohen Circle Acquisit Corp ICUSIP G2254C121 | $26.2M | 2.6% | +53.9% |
| Crane Hbr Acquisition Corp ICUSIP G25014120 | $25.7M | 2.5% | +91.2% |
| NWENorthwestern Energy Group In | $22.8M | 2.2% | +1.6% |
| Bleichroeder Acquisiti CorpCUSIP G1170E104 | $21.5M | 2.1% | +65.4% |
| Churchill Cap Corp XiiCUSIP G2131M102 | $21.3M | 2.1% | New |
| Rithm Acquisition CorpCUSIP G75751100 | $20.4M | 2.0% | +333.0% |
| Spartacus Acquisition Corp ICUSIP G8303R100 | $19.7M | 1.9% | New |
| Space Asset Acquisition CorpCUSIP G8375S101 | $19.2M | 1.9% | +435.3% |
| Perimeter Acquisition Corp ICUSIP G7010A129 | $16.4M | 1.6% | |
| Agriculture & Nat Sol Acq CoCUSIP G0131Y100 | $15.8M | 1.5% | −26.6% |
| Karbon Cap Partners CorpCUSIP G5225W100 | $15.1M | 1.5% | |
| Archimedes Tech Spac PartnerCUSIP G04537109 | $14.3M | 1.4% | New |
| Viking Acquisition Corp ICUSIP G9582G104 | $14.0M | 1.4% | New |
| Graf Global CorpCUSIP G4036C106 | $13.6M | 1.3% | −16.1% |
| Oaktree Acquisition Corp IIICUSIP G6717R104 | $11.8M | 1.2% | +10.5% |
| Gesher Acquisition Corp. IICUSIP G3852D107 | $11.4M | 1.1% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| Churchill Cap Corp XiCUSIP G2131A108 | March 31, 2026 | +71.8% | $35.0M |
| FTWPresidio Prodtn Co | March 31, 2026 | +10.3% | $9.9M |
| NSCNorfolk Southn Corp | March 31, 2026 | +9.6% | $98.9M |
| Churchill Capital Corp IxCUSIP G21301109 | June 30, 2024 | +8.7% | $31.3M |
| NWENorthwestern Energy Group In | March 31, 2026 | +8.6% | $22.8M |
| Agriculture & Nat Sol Acq CoCUSIP G0131Y100 | September 30, 2025 | +4.7% | $15.8M |
| AESAes Corp | March 31, 2026 | +4.0% | $70.2M |
| Bleichroeder Acquisiti CorpCUSIP G1170E104 | March 31, 2026 | +3.0% | $21.5M |
| Gesher Acquisition Corp. IICUSIP G3852D107 | June 30, 2025 | +2.8% | $11.4M |
| Rithm Acquisition CorpCUSIP G75751100 | June 30, 2025 | +2.6% | $20.4M |
Sold off last quarter
- Masimo CorpCUSIP 574795100 was $55.6M
- Terns Pharmaceuticals IncCUSIP 880881107 was $43.3M
- Cartesian Growth Corp IIICUSIP G19307100 was $27.7M
- Clearwater Analytics Hldgs ICUSIP 185123106 was $23.0M
- Real Asset Acquisition CorpCUSIP G73944103 was $18.1M
- Onestream IncCUSIP 68278B107 was $16.6M
- Roman Dbdr Acquisition CorpCUSIP G7633M104 was $16.0M
- SLABSilicon Laboratories Inc was $11.2M
- Spring Vy Acquisition Corp ICUSIP G8377R101 was $11.2M
- BCOBrinks Co was $8.9M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +3.3% | +14.8% |
| March 31, 2026 | −0.3% | −4.6% |
| December 31, 2025 | −0.5% | +2.4% |
| September 30, 2025 | +3.0% | +7.8% |
| June 30, 2025 | +1.2% | +10.5% |
| March 31, 2025 | +2.2% | −4.6% |
| December 31, 2024 | −0.7% | +2.1% |
| June 30, 2024 | −9.7% | +4.0% |
| December 31, 2023 | −3.0% | +11.2% |
| September 30, 2023 | −5.3% | −3.6% |
| June 30, 2023 | +4.4% | +8.3% |
| March 31, 2023 | +4.7% | +7.0% |
| September 30, 2022 | +3.4% | −5.3% |
| June 30, 2022 | −5.1% | −16.5% |
| March 31, 2022 | −2.8% | −4.9% |
| December 31, 2021 | −2.0% | +10.7% |
| September 30, 2021 | −0.2% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Fort Baker Capital Management LP Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1688382&type=13F-HR&dateb=&owner=include&count=40CIK 1688382
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1688382/000208585326001005/Filed August 14, 2026 · accession 0002085853-26-001005