Fort Baker Capital Management LP

Registered adviser

CIK

1688382

Location

Larkspur, CA

Portfolio Value

Mid $1,139,289,122

Diversification

Diversified

Filing Date

Global Rank

#2,304 / 8,818 ▼ 159

Top Industry

Shell Companies 45.3%

3Y Alpha vs SPY

-21.0%

Period ended 4 months ago

Filed Aug 14, 2026 · 2mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 282926

Roster of Oct 1, 2026

Regulatory AUM

$1,073,848,206

Main clients

Pooled investment vehicles (62% of AUM)

Private funds

1 fund · Hedge funds

Focus by fund count, roster of Oct 1, 2026

$18,002,697 gross assets

Private funds on Schedule D 7.B.(1)

As filed Mar 28, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$285,439,288 gross assets in 1 fund Hedge funds $285,439,288 (1)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Oct 2026	$1,073,848,206	Pooled investment vehicles (62%)
Apr 2025 to Mar 2026	$820,896,849	Pooled investment vehicles (64%)
Apr 2024 to Mar 2025	$1,244,017,044	Pooled investment vehicles (70%)
May 2023 to Mar 2024	$787,293,774	Pooled investment vehicles (78%)
Apr 2023	$787,293,774	Pooled investment vehicles (78%)
Apr 2022 to Mar 2023	$861,947,378	Pooled investment vehicles (81%)

4 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Diversified active

Top 10 weight 58.1%, 20.9 effective positions, active share 99.3% against the S&P SmallCap 600 as of 2026-06-30; it meets none of the index-like, systematic-like or concentrated tests

Turnover

High turnover

108.8% over the last four quarters (100%+)

Horizon

Short horizon

Value-weighted holding period 2.9 quarters (under 4)

Closest benchmark: the S&P SmallCap 600 as of 2026-06-30, active share 99.3%; sector active share 63.9% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

94 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

16.0%

−2.3 pts

Top 5

43.5%

−1.3 pts

Top 10

59.6%

−2.0 pts

HHI

559

Diversified−83

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Financial Services	44.2%	$503,593,719	65
Communication Services	28.6%	$325,670,372	6
Industrials	10.1%	$114,891,919	4
Utilities	8.3%	$94,665,486	2
Unclassified	3.4%	$38,287,166	3
Technology	1.5%	$16,896,680	5
Energy	1.2%	$13,838,803	2
Real Estate	1.1%	$12,524,935	2
Consumer Cyclical	1.0%	$11,055,865	2
Basic Materials	0.5%	$5,529,718	1
Healthcare	0.2%	$2,334,459	2

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

20 positions

Ticker	Company	Δ Shares	Shares	Value
SAAQ	Space Asset Acquisition Corp.	+1,528,620	1,879,820	$19,174,164
RAC	Rithm Acquisition Corp.	+1,500,000	1,950,405	$20,401,236
—		+1,417,766	2,873,655	$31,294,102
CRANU	Crane Harbor Acquisition Corp. II	+1,210,779	2,538,361	$25,713,596
GTEN	Gores Holdings X, Inc.	+1,031,292	3,346,482	$34,903,807
CCII	Cohen Circle Acquisition Corp. II	+891,467	2,546,827	$26,232,318
—		+823,568	2,082,058	$21,486,838
—		+728,347	1,565,549	$52,070,159
WBD	Warner Bros. Discovery, Inc.	+424,048	4,444,353	$118,486,450
AES	Aes Corp	+368,321	4,787,083	$70,178,636
AIRJW	AirJoule Technologies Corp.	+367,547	541,319	$703,715
BCSS	Bain Capital GSS Investment Corp.	+267,433	4,248,685	$43,633,994
BIII	Black Spade Acquisition III Co	+200,000	700,000	$6,965,000
SVIV	Spring Valley Acquisition Corp. IV	+175,611	375,611	$3,823,719
—		+163,148	175,602	$5,844,034
NSC	Norfolk Southern Corp	+139,686	314,269	$98,865,884
OACC	Oaktree Acquisition Corp. III Life Sciences	+105,394	1,105,394	$11,827,715
FTW	PRESIDIO PRODUCTION Co	+35,676	815,247	$9,913,403
NWE	NorthWestern Energy Group, Inc.	+5,067	318,094	$22,781,892
SAAQW	Space Asset Acquisition Corp.	+3,241	120,307	$108,277
No positions match the current search.

Trimmed

Positions the filer reduced

8 positions

Ticker	Company	Δ Shares	Shares	Value
CORZW	Core Scientific, Inc.	−1,653,926	110,771	$2,082,496
GETYQ	Getty Images Holdings, Inc.	−1,176,488	219,057	$188,389
CCXI	Churchill Capital Corp XI	−516,151	2,003,697	$34,964,512
—		−500,000	1,379,630	$15,755,374
TONT	Graf Global Corp.	−240,504	1,256,015	$13,627,762
ALDF	Aldel Financial II Inc.	−200,000	254,193	$2,716,052
EVOX	Evolution Global Acquisition Corp	−100,000	333,223	$3,338,894
—		−6,172	388,986	$79,757,689
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
CXII	Churchill Capital Corp XII	2,000,000	$21,300,000
TMTS	Spartacus Acquisition Corp. II	1,970,838	$19,728,088
ATII	Archimedes Tech SPAC Partners II Co.	1,330,746	$14,345,441
NSTR	NorthStar Earth & Space Enterprises, Inc.	1,365,503	$13,955,440
RAMP	LiveRamp Holdings, Inc.	290,823	$10,946,577
GCGR	General Catalyst Global Resilience Merger Corp.	1,000,000	$10,090,000
MLAA	Mountain Lake Acquisition Corp. II	1,000,000	$9,930,000
TWOD	Two Harbors Investment Corp.	386,971	$9,654,926
CZR	Caesars Entertainment, Inc.	244,341	$7,374,211
KEYY	Keystone Acquisition Corp.	600,000	$5,916,000
RMIX	Suncrete, Inc.	245,438	$5,529,718
KLAR	Klarna Group plc	225,000	$4,554,000
BCAR	D. Boral ARC Acquisition I Corp.	397,650	$4,147,490
DVN	Devon Energy Corp	95,000	$3,925,400
—		291,076	$2,870,009
LFST	LifeStance Health Group, Inc.	216,000	$2,313,360
OCTV	Octave Intelligence plc	130,000	$2,119,000
SPCX	Space Exploration Technologies Corp	8,000	$1,366,880
BZH	Beazer Homes USA Inc	38,400	$1,077,120
SAC	Safeguard Acquisition Corp.	102,239	$1,028,524
OPTXW	Syntec Optics Holdings, Inc.	370,273	$944,196
AXIN	Axiom Intelligence Acquisition Corp 1	90,000	$930,600
—		77,163	$840,305
FACT	FACT II Acquisition Corp.	58,971	$626,861
SSTK	Shutterstock, Inc.	29,642	$413,505
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
—		312,720	$55,623,507
—		822,000	$43,335,840
FAC	Factorial Energy Inc.	2,702,931	$27,718,557
—		970,611	$22,954,950
—		1,719,359	$18,053,270
—		689,587	$16,550,088
DRDB	Roman DBDR Acquisition Corp. II	1,523,746	$15,953,620
SLAB	Silicon Laboratories Inc.	53,955	$11,230,733
GFUZ	General Fusion Group Ltd.	1,101,313	$11,189,340
BCO	Brinks Co	86,247	$8,937,776
XCBE	X3 Acquisition Corp. Ltd.	600,000	$5,904,000
SMH	VanEck Semiconductor ETF	10,409	$3,990,810
MSGS	Madison Square Garden Sports Corp.	10,000	$3,214,000
—		250,000	$2,885,001
ITA	iShares U.S. Aerospace & Defense ETF	12,083	$2,643,156
—		232,736	$2,406,490
—		202,909	$2,193,447
TMTSU	Spartacus Acquisition Corp. II	150,000	$1,506,000
XLI	State Street(R) Industrial Select Sector SPDR(R) ETF	7,950	$1,285,753
—		917,016	$1,219,631
FIG	Figma, Inc.	40,000	$845,600
—		55,426	$780,952
—		54,487	$598,812
UAA	Under Armour, Inc.	30,800	$182,028
—		53,568	$65,354
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

94 tracked positions · $1,139,289,122 total · filing declares 121 positions · $1,367,401,198 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 94 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
WBD	Warner Bros. Discovery, Inc. PUT + SHARES Communication Services	Reduced	6,856,853	-548,852	$182,803,700	−10.1%	3	$26.53	16.05%
NSC	Norfolk Southern Corp Industrials	Added	314,269	+139,686	$98,865,884	+97.3%	2	$302.17	8.68%
	PUT + SHARES	Reduced	411,386	-171,072	$84,350,585	−29.0%	3	$201.86	7.40%
AES	Aes Corp PUT + SHARES Utilities	Added	4,903,383	+431,421	$71,883,594	+14.1%	2	$14.86	6.31%
		Added	1,565,549	+728,347	$52,070,159	+23.6%	5	unpriced	4.57%
BCSS	Bain Capital GSS Investment Corp. Financial Services	Added	4,248,685	+267,433	$43,633,994	+8.4%	3	$10.11	3.83%
QQQ	Invesco Qqq Trust, Series 1 PUT	NEW	50,000	NEW	$36,820,000	NEW	—	—	3.23%
CCXI	Churchill Capital Corp XI Financial Services	Reduced	2,003,697	-516,151	$34,964,512	+36.6%	2	$10.17	3.07%
GTEN	Gores Holdings X, Inc. Financial Services	Added	3,346,482	+1,031,292	$34,903,807	+47.2%	5	unpriced	3.06%
		Added	2,873,655	+1,417,766	$31,294,102	+101.3%	9	unpriced	2.75%
CCII	Cohen Circle Acquisition Corp. II Financial Services	Added	2,546,827	+891,467	$26,232,318	+55.1%	4	$10.25	2.30%
CRANU	Crane Harbor Acquisition Corp. II Financial Services	Added	2,538,361	+1,210,779	$25,713,596	+91.8%	3	unpriced	2.26%
NWE	NorthWestern Energy Group, Inc. Utilities	Added	318,094	+5,067	$22,781,892	+10.4%	2	$67.76	2.00%
		Added	2,082,058	+823,568	$21,486,838	+70.4%	2	$10.14	1.89%
CXII	Churchill Capital Corp XII Financial Services	NEW	2,000,000	NEW	$21,300,000	NEW	1	unpriced	1.87%
RAC	Rithm Acquisition Corp. Financial Services	Added	1,950,405	+1,500,000	$20,401,236	+335.5%	5	$10.38	1.79%
TMTS	Spartacus Acquisition Corp. II Financial Services	NEW	1,970,838	NEW	$19,728,088	NEW	1	$9.98	1.73%
SAAQ	Space Asset Acquisition Corp. Financial Services	Added	1,879,820	+1,528,620	$19,174,164	+448.2%	2	unpriced	1.68%
PMTR	Perimeter Acquisition Corp. I Financial Services	Held	1,573,684	0	$16,397,787	+1.6%	5	unpriced	1.44%
		Reduced	1,379,630	-500,000	$15,755,374	−25.8%	4	$10.99	1.38%
KBON	Karbon Capital Partners Corp. Financial Services	Held	1,499,756	0	$15,147,535	+0.4%	2	$10.07	1.33%
ATII	Archimedes Tech SPAC Partners II Co. Financial Services	NEW	1,330,746	NEW	$14,345,441	NEW	1	$10.86	1.26%
NSTR	NorthStar Earth & Space Enterprises, Inc. Industrials	NEW	1,365,503	NEW	$13,955,440	NEW	1	unpriced	1.22%
TONT	Graf Global Corp. Financial Services	Reduced	1,256,015	-240,504	$13,627,762	−15.0%	3	$10.69	1.20%
OACC	Oaktree Acquisition Corp. III Life Sciences Financial Services	Added	1,105,394	+105,394	$11,827,715	+11.8%	2	$10.65	1.04%
RAMP	LiveRamp Holdings, Inc. CALL + SHARES Technology	NEW	309,123	NEW	$11,635,389	NEW	1	$32.94	1.02%
GSHR	Gesher Acquisition Corp. II Financial Services	Held	1,091,570	0	$11,385,075	+0.7%	5	unpriced	1.00%
GCGR	General Catalyst Global Resilience Merger Corp. Financial Services	NEW	1,000,000	NEW	$10,090,000	NEW	1	unpriced	0.89%
CZR	Caesars Entertainment, Inc. CALL + SHARES Consumer Cyclical	NEW	330,641	NEW	$9,978,745	NEW	1	$28.19	0.88%
MLAA	Mountain Lake Acquisition Corp. II Financial Services	NEW	1,000,000	NEW	$9,930,000	NEW	1	$9.97	0.87%
FTW	PRESIDIO PRODUCTION Co Energy	Added	815,247	+35,676	$9,913,403	+15.4%	5	$10.38	0.87%
TWOD	Two Harbors Investment Corp. Real Estate	NEW	386,971	NEW	$9,654,926	NEW	1	unpriced	0.85%
EGHA	EGH Acquisition Corp. Financial Services	Held	931,782	0	$9,588,036	+0.8%	2	$10.22	0.84%
DSAC	Daedalus Special Acquisition Corp. Financial Services	Held	890,000	0	$8,980,100	+1.8%	2	$9.96	0.79%
DYOR	Insight Digital Partners II Financial Services	Held	769,129	0	$7,722,055	+0.9%	3	$9.91	0.68%
OIM	OneIM Acquisition Corp. Financial Services	Held	702,992	0	$7,079,129	+1.1%	2	unpriced	0.62%
BIII	Black Spade Acquisition III Co Financial Services	Added	700,000	+200,000	$6,965,000	+41.6%	2	$9.91	0.61%
VHCP	Vine Hill Capital Investment Corp. II Financial Services	Held	600,000	0	$5,988,000	+0.8%	2	$9.92	0.53%
KEYY	Keystone Acquisition Corp. Financial Services	NEW	600,000	NEW	$5,916,000	NEW	1	unpriced	0.52%
		Added	175,602	+163,148	$5,844,034	+834.4%	3	$39.84	0.51%
RMIX	Suncrete, Inc. Basic Materials	NEW	245,438	NEW	$5,529,718	NEW	1	$16.83	0.49%
KLAR	Klarna Group plc Financial Services	NEW	225,000	NEW	$4,554,000	NEW	1	$15.75	0.40%
BCAR	D. Boral ARC Acquisition I Corp. Financial Services	NEW	397,650	NEW	$4,147,490	NEW	1	unpriced	0.36%
DVN	Devon Energy Corp Energy	NEW	95,000	NEW	$3,925,400	NEW	1	$46.35	0.34%
SVIV	Spring Valley Acquisition Corp. IV Financial Services	Added	375,611	+175,611	$3,823,719	+93.7%	2	unpriced	0.34%
EVAC	EQV Ventures Acquisition Corp. II Financial Services	Held	328,000	0	$3,339,040	+0.9%	4	$10.00	0.29%
EVOX	Evolution Global Acquisition Corp Financial Services	Reduced	333,223	-100,000	$3,338,894	−22.6%	3	unpriced	0.29%
PCAP	ProCap Acquisition Corp Financial Services	Held	303,781	0	$3,122,868	+0.9%	4	$10.31	0.27%
		NEW	291,076	NEW	$2,870,009	NEW	1	$8.73	0.25%
ALDF	Aldel Financial II Inc. Financial Services	Reduced	254,193	-200,000	$2,716,052	−43.4%	7	unpriced	0.24%

Showing the top 50 of 94 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.