Fort Baker Capital Management LP
Follow13F filer, CIK 1688382, Larkspur, CA
Fort Baker Capital Management LP reported $484,253,266 across 56 holdings for the quarter ended 2025-03-31, in a 13F-HR filed 2025-05-15. Its ten largest share positions make up 55.58% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001667731-25-000647
- Period
- 2025-03-31
- Reported value
- $484M
- Holdings
- 56
- Top 10 weight
- 55.58%
- New
- 28
- Sold out
- 38
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| ARES ACQUISITION CORP IInew | +4,766,401 | $53.1M |
| NWSAnew | +1,018,513 | $27.8M |
| DUN & BRADSTREET HLDGS INCnew | +2,895,871 | $25.9M |
| SPRnew | +515,818 | $17.8M |
| NABORS ENERGY TRANSITION CORnew | +814,347 | $8.92M |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Largest sells vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| Kexited | -535,479 | -$43.4M |
| LBRDKexited | -374,907 | -$28M |
| BERRY GLOBAL GROUP INCexited | -348,588 | -$22.5M |
| ENSTAR GROUP LIMITEDreduced | -57,764 | -$19.2M |
| ALEexited | -266,984 | -$17.3M |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Holdings, Q1 2025
Share positions as resolved from 13F-HR 0001667731-25-000647, largest first. % of portfolio is the value over $469,189,931, the sum of the share positions whose value is usable for ratios (method).
| Security | History | Shares | Value | % of portfolio | Change | Latest event | Timeline |
|---|---|---|---|---|---|---|---|
| ARES ACQUISITION CORP IIARES ACQUISITION CORP II | 4,766,401 | $53.1M | 11.33% | new | |||
| FYBRFRONTIER COMMUNICATIONS PARE | 1,067,352 | $38.3M | 8.16% | -144,076 | Timeline | ||
| NWSANEWS CORP NEW | 1,018,513 | $27.8M | 5.93% | new | Timeline | ||
| DUN & BRADSTREET HLDGS INCDUN & BRADSTREET HLDGS INC | 2,895,871 | $25.9M | 5.52% | new | |||
| CCIXCHURCHILL CAPITAL CORP IX | 2,311,949 | $24.9M | 5.32% | -506,158 | Timeline | ||
| HYACHAYMAKER ACQUISITION CORP IV | 2,148,219 | $23.6M | 5.03% | +636,778 | Timeline | ||
| NESRNATIONAL ENERGY SERVICES REU | 2,687,937 | $19.8M | 4.22% | -400,273 | Timeline | ||
| SPRSPIRIT AEROSYSTEMS HLDGS INC | 515,818 | $17.8M | 3.79% | new | Timeline | ||
| ENSTAR GROUP LIMITEDENSTAR GROUP LIMITED | 48,249 | $16M | 3.42% | -57,764 | |||
| BLACK SPADE ACQUISITION II CBLACK SPADE ACQUISITION II C | 1,251,999 | $12.7M | 2.71% | -109,276 | |||
| NABORS ENERGY TRANSITION CORNABORS ENERGY TRANSITION COR | 814,347 | $8.92M | 1.9% | new | |||
| RKTROCKET COS INC | 694,138 | $8.38M | 1.79% | new | Timeline | ||
| DRDBROMAN DBDR ACQUISITION CORP | 805,647 | $8.08M | 1.72% | new | Timeline | ||
| BEACON ROOFING SUPPLY INCBEACON ROOFING SUPPLY INC | 50,000 | $6.18M | 1.32% | new | |||
| LIONS GATE ENTMNT CORPLIONS GATE ENTMNT CORP | 625,062 | $4.95M | 1.06% | -40,434 | |||
| ALDFALDEL FINL II INC | 449,087 | $4.54M | 0.97% | -108,813 | Timeline | ||
| HELIX ACQUISITION CORP IIHELIX ACQUISITION CORP II | 374,683 | $4.23M | 0.9% | new | |||
| HRIHERC HLDGS INC | 28,343 | $3.81M | 0.81% | new | Timeline | ||
| GSHRUGESHER ACQUISITION CORP. II | 361,200 | $3.62M | 0.77% | new | Timeline | ||
| AMEDISYS INCAMEDISYS INC | 36,923 | $3.42M | 0.73% | new | |||
| LIONSGATE STUDIOS CORPLIONSGATE STUDIOS CORP | 307,973 | $2.3M | 0.49% | +45,172 | |||
| KKR & CO INCKKR & CO INC | 34,065 | $1.68M | 0.36% | new | |||
| COHENCIRCLEACQUISITIONCORCOHENCIRCLEACQUISITIONCOR | 132,837 | $1.49M | 0.32% | new | |||
| NATIONAL ENERGY SERVICES REUNATIONAL ENERGY SERVICES REU | 1,652,298 | $578K | 0.12% | -1,569,122 | |||
| CCIXWCHURCHILL CAPITAL CORP IX | 349,254 | $279K | 0.06% | -241,521 | Timeline | ||
| DRDBWROMAN DBDR ACQUISITION CORP | 402,823 | $129K | 0.03% | new | Timeline | ||
| HAYMAKER ACQUISITION CORP IVHAYMAKER ACQUISITION CORP IV | 404,605 | $84.8K | 0.02% | -201,202 | |||
| BLACK SPADE ACQUISITION II CBLACK SPADE ACQUISITION II C | 290,366 | $63.9K | 0.01% | -32,278 |
Options
Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| AMEDISYS INCAMEDISYS INC COM | put | 87,800 | $8.13M | new |
| DUN & BRADSTREET HLDGS INCDUN & BRADSTREET HLDGS INC COM | call | 752,600 | $6.73M | new |
| WALGREENS BOOTS ALLIANCE INCWALGREENS BOOTS ALLIANCE INC COM | call | 18,100 | $202K | new |
Principal amounts
Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| ZIFF DAVIS INCZIFF DAVIS INC NOTE 1.75% 11/01/2026 | principal | 14,249,000 | $13.5M | -6,642,000 |
| CABLE ONE INCCABLE ONE INC NOTE 3/1 | principal | 13,435,000 | $12.7M | -9,526,000 |
| CENTERPOINT ENERGY INCCENTERPOINT ENERGY INC NOTE 4.250% 8/1 | principal | 10,696,000 | $11.7M | 0 |
| WESTERN DIGITAL CORPWESTERN DIGITAL CORP NOTE 3.000%11/1 | principal | 8,530,000 | $11.1M | new |
| ORMAT TECHNOLOGIES INCORMAT TECHNOLOGIES INC NOTE 2.500% 7/1 | principal | 10,601,000 | $11M | new |
| PENNYMAC CORPPENNYMAC CORP NOTE 5.500% 3/1 | principal | 9,377,000 | $9.3M | new |
| SOLAREDGE TECHNOLOGIES INCSOLAREDGE TECHNOLOGIES INC NOTE 9/1 | principal | 8,832,000 | $8.56M | +2,897,000 |
| LYFT INCLYFT INC NOTE 1.500% 5/1 | principal | 7,332,000 | $7.34M | -868,000 |
| NCL CORP LTDNCL CORP LTD BOND | principal | 6,802,000 | $6.62M | new |
| EZCORP INCEZCORP INC NOTE 2.375% 5/0 | principal | 6,371,000 | $6.45M | -6,500,000 |
| REDFIN CORPREDFIN CORP NOTE 0.500% 4/0 | principal | 6,771,000 | $6M | new |
| JETBLUE AIRWAYS CORPJETBLUE AIRWAYS CORP NOTE 0.500% 4/0 | principal | 5,466,000 | $5.18M | -2,007,000 |
| VAIL RESORTS INCVAIL RESORTS INC NOTE 1/0 | principal | 5,025,000 | $4.84M | -2,104,000 |
| SAREPTA THERAPEUTICS INCSAREPTA THERAPEUTICS INC NOTE 1.250% 9/1 | principal | 5,000,000 | $4.66M | new |
| EVENTBRITE INCEVENTBRITE INC NOTE 0.750% 9/1 | principal | 3,882,000 | $3.56M | -118,000 |
| LUMENTUM HLDGS INCLUMENTUM HLDGS INC NOTE 0.500%12/1 | principal | 3,350,000 | $3.48M | -6,000,000 |
| EVOLENT HEALTH INCEVOLENT HEALTH INC NOTE 3.500%12/0 | principal | 4,000,000 | $3.3M | new |
| SOUTHERN COSOUTHERN CO NOTE 3.875%12/1 | principal | 2,687,000 | $3.04M | -8,500,000 |
| CAPITAL SOUTHWEST CORPCAPITAL SOUTHWEST CORP Convertible Bond | principal | 3,000,000 | $2.95M | 0 |
| PELOTON INTERACTIVE INCPELOTON INTERACTIVE INC NOTE 2/1 | principal | 2,996,000 | $2.84M | -1,248,000 |
| AMERICAN AIRLINES GROUP INCAMERICAN AIRLINES GROUP INC NOTE 6.500% 7/0 | principal | 2,302,000 | $2.34M | -276,000 |
| PEBBLEBROOK HOTEL TRPEBBLEBROOK HOTEL TR NOTE 1.750%12/1 | principal | 2,445,000 | $2.3M | new |
| RWT HLDGS INCRWT HLDGS INC NOTE 5.750%10/0 | principal | 1,657,000 | $1.7M | new |
| LUMENTUM HLDGS INCLUMENTUM HLDGS INC NOTE 0.500% 6/1 | principal | 1,150,000 | $1.06M | new |
| EVENTBRITE INCEVENTBRITE INC NOTE 5.000%12/0 | principal | 950,000 | $955K | -331,000 |
Sold out in Q1 2025
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| KKELLANOVA | 535,479 | $43.4M | shares |
| LBRDKLIBERTY BROADBAND CORP | 374,907 | $28M | shares |
| BERRY GLOBAL GROUP INCBERRY GLOBAL GROUP INC | 348,588 | $22.5M | shares |
| MARRIOTT VACATION WORLDWMARRIOTT VACATION WORLDW | 20,414,000 | $19.4M | principal |
| DIGITALOCEAN HLDGS INCDIGITALOCEAN HLDGS INC | 20,696,000 | $18.5M | principal |
| ALEALLETE INC | 266,984 | $17.3M | shares |
| HESS CORPHESS CORP | 119,257 | $15.9M | shares |
| FWONALIBERTY MEDIA CORP DEL | 175,857 | $14.8M | shares |
| ORMAT TECHNOLOGIES INCORMAT TECHNOLOGIES INC | 11,709,000 | $11.7M | shares |
| SK GROWTH OPPORTUNITIES CORPSK GROWTH OPPORTUNITIES CORP | 970,000 | $11.3M | shares |
| DRDBUROMAN DBDR ACQUISITION CORP | 1,000,000 | $9.97M | shares |
| DESPEGAR COM CORPDESPEGAR COM CORP | 499,156 | $9.61M | shares |
| ZUORA INCZUORA INC | 924,162 | $9.17M | shares |
| DEXCOM INCDEXCOM INC | 9,000,000 | $8.68M | principal |
| OMCOMNICOM GROUP INC | 90,000 | $7.8M | shares |
| Shift4 Payments IncShift4 Payments Inc | 5,500,000 | $7.43M | principal |
| JUNIPER NETWORKS INCJUNIPER NETWORKS INC | 177,200 | $6.64M | call |
| GUARDANT HEALTH INCGUARDANT HEALTH INC | 7,305,000 | $6.14M | principal |
| RINGCENTRAL INCRINGCENTRAL INC | 5,100,000 | $4.74M | principal |
| AVID BIOSERVICES INCAVID BIOSERVICES INC | 375,146 | $4.63M | shares |
| OKTA INCOKTA INC | 4,598,000 | $4.43M | shares |
| EVERI HLDGS INCEVERI HLDGS INC | 320,131 | $4.32M | shares |
| BLOCK INCBLOCK INC | 4,268,000 | $4.24M | principal |
| NCL CORP LTDNCL CORP LTD | 4,000,000 | $4.18M | shares |
| AIRBNB INC CLASS AAIRBNB INC CLASS A | 4,200,000 | $3.94M | principal |
| EVHEVOLENT HEALTH INC | 269,168 | $3.03M | shares |
| PEBBLEBROOK HOTEL TRPEBBLEBROOK HOTEL TR | 3,190,000 | $2.97M | shares |
| AIR TRANS SVCS GROUP INCAIR TRANS SVCS GROUP INC | 2,889,000 | $2.91M | principal |
| FIRSTENERGY CORPFIRSTENERGY CORP | 2,546,000 | $2.57M | principal |
| Shopify IncShopify Inc | 2,177,000 | $2.22M | principal |
| SK GROWTH OPPORTUNITIES CORPSK GROWTH OPPORTUNITIES CORP | 2,163,213 | $1.3M | shares |
| UPWORK INCUPWORK INC | 666,000 | $616K | principal |
| DESPEGAR COM CORPDESPEGAR COM CORP | 6,400 | $123K | call |
| ALDFWALDEL FINL II INC | 278,949 | $83.7K | shares |
| MONEYLION INCMONEYLION INC | 289,473 | $52.9K | shares |
| ARES ACQUISITION CORP II-28ARES ACQUISITION CORP II-28 | 322,934 | $48.4K | shares |
| ESHARESH ACQUISITION CORP | 305,145 | $27.5K | shares |
| CXAIWCXAPP INC | 25,975 | $5.82K | shares |
How Q1 2025 was built
Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).
| Filing | Role | Amendment | Filed | Accepted | Ingested |
|---|---|---|---|---|---|
| 13F-HR 0001667731-25-000647 | base | 2025-05-15 | acceptance time not in the bulk data set |