Fort Baker Capital Management LP
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Fort Baker Capital Management LP reported 19 stock positions worth $381.1 million. Its top holding was Hibbett (HIBB) at 20.3% of the portfolio, followed by Lions Gate Entertainment-B (LGF.B, 13.6%) and Silverbow Resources (SBOW, 10.7%). Compared with Q1 2024, it opened 11 new positions, sold out of 6, added to 4 and reduced 2. The biggest buy was a new position in Hibbett (HIBB) and the biggest sale an exit from News Class A (NWSA).
- Most Recent 13F
- Q2 2026
- Location
- Larkspur, CA
- CIK
- 0001688382
- Portfolio Value
- $381.1M (Q2 2024)
- SEC Filing
- 0001688382-24-000012 ↗ filed Aug 14, 2024
Holdings Value
Holdings 19 stocks · $381.1M
| HIBB Hibbett Inc. | 20.35% | 889,095 | $77.5M | New |
| LGF.B Lions Gate Entertainment-B | 13.56% | 6,030,779 | $51.7M | Add +14.8% |
| SBOW Silverbow Resources Inc. | 10.67% | 1,074,966 | $40.7M | New |
| X United States Steel Corp. | 9.60% | 968,181 | $36.6M | Add +2.8% |
| LBRDK Liberty Broadband-C | 9.15% | 635,785 | $34.9M | Add +54.5% |
| CCIX Churchill Capital Corp. Ix | 7.56% | 2,874,000 | $28.8M | New |
| ILMN Illumina Inc. | 5.65% | 206,356 | $21.5M | New |
| ANSS Ansys Inc. | 4.56% | 54,088 | $17.4M | Add +2.4% |
| BAX Baxter International Inc. | 3.52% | 398,018 | $13.4M | New |
| SQSP Squarespace Inc. Class A | 3.19% | 279,000 | $12.2M | New |
| SKGR SK Growth Opportunities Co. Class A | 2.92% | 1,000,000 | $11.1M | New |
| ENV Envestnet Inc. | 2.87% | 175,000 | $11.0M | New |
| HEI.A Heico Corp. Class A | 2.19% | 46,978 | $8.3M | New |
| CPRI Capri Holdings Ltd. | 2.07% | 238,920 | $7.9M | Reduce -68.4% |
| ESHA Esh Acquisition Corp. Class A | 0.83% | 305,145 | $3.2M | No change |
| PARAA Paramount Global Class B | 0.41% | 150,351 | $1.6M | Reduce -34.7% |
| KVUE Kenvue Inc. | 0.40% | 84,161 | $1.5M | New |
| LSXMK Liberty Media Corp.-Liber-New | 0.39% | 66,839 | $1.5M | New |
| HAYMAKER ACQUISITION CORP 4 | 0.09% | 32,337 | $344K | No change |
Options reported separately and not counted above: X calls ($44.4M), HIBB puts ($8.2M), JNPR calls ($6.5M).
Other holdings (56): bonds, preferreds, convertibles and warrants · $463.5M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | 36,750,000 | $32.2M | Add +19.5% |
| MARRIOTT VACATION WORLDW (VAC 0 01/15/26) | NOTE 1/1 · principal | 34,380,000 | $31.6M | Add +56.3% |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | 26,887,000 | $27.5M | No change |
| ZIFF DAVIS INC (ZD 1.75 11/01/26) | NOTE 1.750%11/0 · principal | 29,166,000 | $27.2M | Add +161.2% |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | 30,500,000 | $25.7M | New |
| TURNING POINT BRANDS INC (TPB 2.5 07/15/24) | NOTE 2.500% 7/1 · principal | 24,887,000 | $25.1M | Reduce -18.1% |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | 26,000,000 | $23.5M | Add +36.8% |
| DAYFORCE INC (DAY 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 25,000,000 | $22.9M | Add +8.7% |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | 24,000,000 | $22.4M | Add +9.1% |
| EZCORP INC (EZPW 2.375 05/01/25) | NOTE 2.375% 5/0 · principal | 20,871,000 | $20.3M | Add +1.6% |
| LIBERTY LATIN AMERICA (LILAK 2 07/15/24) | NOTE 2.000% 7/1 · principal | 20,126,000 | $20.3M | No change |
| EVENTBRITE INC (EB 5 12/01/25) | NOTE 5.000%12/0 · principal | 18,724,000 | $18.4M | Add +59.7% |
| PENNYMAC CORP (PMT 5.5 11/01/24) | NOTE 5.500%11/0 · principal | 17,974,000 | $18.0M | Add +286.6% |
| AIR TRANSPORT SERVICES G (ATSG 1.125 10/15/24) | NOTE 1.125%10/1 · principal | 14,707,000 | $14.5M | No change |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 14,000,000 | $12.8M | Add +12.0% |
| LYFT INC (LYFT 1.5 05/15/25) | NOTE 1.500% 5/1 · principal | 12,000,000 | $11.6M | No change |
| BLOCK INC (XYZ 0.125 03/01/25) | NOTE 0.125% 3/0 · principal | 12,000,000 | $11.6M | New |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | 10,546,000 | $10.5M | New |
| VISHAY INTERTECHNOLOGY (VSH 2.25 06/15/25) | NOTE 2.250% 6/1 · principal | 9,264,000 | $9.1M | No change |
| AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) | NOTE 6.500% 7/0 · principal | 8,278,000 | $8.8M | Add +31.9% |
| JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26) | CONVERTIBLE BOND · principal | 9,400,000 | $8.3M | New |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | 8,537,000 | $7.8M | Add +116.8% |
| ENVESTNET INC (ENV 0.75 08/15/25) | 0.75 8/15/2025 · principal | 7,437,000 | $7.3M | Reduce -72.9% |
| RWT HOLDINGS INC (RWT 5.75 10/01/25) | NOTE 5.750%10/0 · principal | 7,000,000 | $6.9M | No change |
| IONIS PHARMACEUTICALS IN (IONS 0.125 12/15/24) | NOTE 0.125%12/1 · principal | 6,735,000 | $6.6M | New |
| ATLANTICA JERSEY LTD (AY 4 07/15/25) | NOTE 4.000% 7/1 · principal | 6,375,000 | $6.4M | New |
| INFINERA CORP (INFN 2.125 09/01/24) | NOTE 2.125% 9/0 · principal | 5,353,000 | $5.4M | No change |
| PELOTON INTERACTIVE INC (PTON 0 02/15/26) | NOTE 2/1 · principal | 5,083,000 | $4.5M | New |
| SOLAR EDGE TECHNOLOGIES (SEDG 0 09/15/25) | NOTE 9/1 · principal | 4,000,000 | $3.7M | Reduce -60.0% |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | 3,190,000 | $2.8M | No change |
| CERENCE INC (CRNC 3 06/01/25) | NOTE 3.000% 6/0 · principal | 2,500,000 | $2.3M | New |
| IMTXW Immatics NV -CW | *W EXP 07/01/202 | 796,912 | $2.2M | Reduce -3.1% |
| UPWORK INC (UPWK 0.25 08/15/26) | NOTE 0.250% 8/1 · principal | 1,666,000 | $1.5M | New |
| RINGCENTRAL INC (RNG 0 03/01/25) | NOTE 3/0 · principal | 1,344,000 | $1.3M | No change |
| RINGCENTRAL INC (RNG 0 03/15/26) | NOTE 3/1 · principal | 1,000,000 | $907K | No change |
| CCIXW Churchill Capital Corp. I-29 | *W EXP 03/31/203 | 718,498 | $251K | New |
| GCMGW GCM Grosvenor Inc. A -CW25 | *W EXP 11/17/202 | 507,520 | $249K | Reduce -20.9% |
| LSEAW Landsea Homes Corp.-CW23 | *W EXP 01/08/202 | 1,027,979 | $212K | Reduce -1.3% |
| LVRWF Lavoro Ltd.-27 | *W EXP 02/27/202 | 414,661 | $173K | No change |
| CVIIW Churchill Capital Vii -CW28 | *W EXP 02/29/202 | 472,555 | $165K | Reduce -33.8% |
| SKGRW SK Growth Opportunities -29 | *W EXP 06/28/202 | 540,373 | $128K | New |
| ASTLW Algoma Steel Group Inc. -CW26 | *W EXP 10/19/202 | 111,272 | $100K | Reduce -56.1% |
| CXAIW Kins Tech Group Class A -CW25 | *W EXP 99/99/999 | 292,870 | $59K | No change |
| LCWWF Learn CW Investment A -CW28 | *W EXP 10/08/202 | 236,017 | $39K | No change |
| ESHAR Esh Acquisition Corp. - Right | RIGHT 06/13/2028 | 305,145 | $34K | No change |
| ADVWW Advantage Solutions in-CW25 | *W EXP 10/28/202 | 798,506 | $29K | Reduce -0.7% |
| SPWRW Sunpower Inc.-CW27 | *W EXP 07/31/202 | 484,655 | $24K | No change |
| RCKTW Rocket Pharmaceuticals in-27 | *W EXP 09/02/202 | 328,698 | $20K | No change |
| QBTS.WS D-Wave Quantum Inc. -27 | *W EXP 08/05/202 | 132,216 | $15K | No change |
| PRLHW Pearl Holdings Acq -CW23 | *W EXP 12/15/202 | 265,365 | $11K | Reduce -1.2% |
| IRIS ACQUISITION CORP | *W EXP 02/28/202 | 171,466 | $7K | Reduce -39.0% |
| PARAW 7GC & Co. Holdings Class A -CW26 | *W EXP 12/14/202 | 225,278 | $5K | No change |
| BLEUACACIA LTD | *W EXP 10/30/202 | 272,373 | $4K | Reduce -6.6% |
| SOARW Volato Group Inc. - CW23 | *W EXP 12/04/202 | 253,685 | $4K | Reduce -7.0% |
| NKGNW Graf Acquisition Corp.-CW28 | *W EXP 05/31/202 | 36,934 | $4K | No change |
| SNAXW Stryve Food Inc.-CW24 | *W EXP 07/20/202 | 115,965 | $962 | No change |
Total filed on the 13F, all lines: $844.6M.
Portfolio Sells Q1 2024 → Q2 2024
| NWSA News Corp. Class A | Sold out | 0.00% | −15.55 |
| CPRI Capri Holdings Ltd. | Reduce -68.4% | 2.07% | −12.44 |
| OKLO Oklo Inc. | Sold out | 0.00% | −7.20 |
| PXD Pioneer Natural Resources Co. | Sold out | 0.00% | −2.47 |
| EVBG Everbridge Inc. | Sold out | 0.00% | −1.89 |
| PARAA Paramount Global Class B | Reduce -34.7% | 0.41% | −0.74 |
| CNXX Conx Corp. Class A | Sold out | 0.00% | −0.69 |
| CORZ Core Scientific Inc. | Sold out | 0.00% | −0.25 |
Portfolio Buys Q1 2024 → Q2 2024
| HIBB Hibbett Inc. | New | 20.35% | +20.35 |
| SBOW Silverbow Resources Inc. | New | 10.67% | +10.67 |
| CCIX Churchill Capital Corp. Ix | New | 7.56% | +7.56 |
| ILMN Illumina Inc. | New | 5.65% | +5.65 |
| BAX Baxter International Inc. | New | 3.52% | +3.52 |
| SQSP Squarespace Inc. Class A | New | 3.19% | +3.19 |
| SKGR SK Growth Opportunities Co. Class A | New | 2.92% | +2.92 |
| ENV Envestnet Inc. | New | 2.87% | +2.87 |
| HEI.A Heico Corp. Class A | New | 2.19% | +2.19 |
| KVUE Kenvue Inc. | New | 0.40% | +0.40 |
| LSXMK Liberty Media Corp.-Liber-New | New | 0.39% | +0.39 |
| LBRDK Liberty Broadband-C | Add +54.5% | 9.15% | −0.84 |
| ANSS Ansys Inc. | Add +2.4% | 4.56% | −3.21 |
| X United States Steel Corp. | Add +2.8% | 9.60% | −6.69 |
| LGF.B Lions Gate Entertainment-B | Add +14.8% | 13.56% | −7.18 |
Options Activity Q1 2024 → Q2 2024
| X United States Steel Corp. | call | New | 1,173,800 | $44.4M |
| FUSN Fusion Pharmaceuticals Inc. | call | Sold out | 768,100 | $16.4Mbefore exit |
| CPRI Capri Holdings Ltd. | put | Sold out | 360,000 | $16.3Mbefore exit |
| HIBB Hibbett Inc. | put | New | 100,900 | $8.2M |
| JNPR Juniper Networks Inc. | call | Reduce -1.0% | 177,200 | $6.5M |
| VZIO Vizio Holding Corp. Class A | call | Sold out | 356,400 | $3.9Mbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2024 → Q2 2024
| INTERDIGITAL INC (IDCC 2 06/01/24) | NOTE 2.000% 6/0 · principal | Sold out | 25,772,000 | $34.0Mbefore exit |
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | Add +19.5% | 36,750,000 | $32.2M |
| MARRIOTT VACATION WORLDW (VAC 0 01/15/26) | NOTE 1/1 · principal | Add +56.3% | 34,380,000 | $31.6M |
| ZIFF DAVIS INC (ZD 1.75 11/01/26) | NOTE 1.750%11/0 · principal | Add +161.2% | 29,166,000 | $27.2M |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | New | 30,500,000 | $25.7M |
| TURNING POINT BRANDS INC (TPB 2.5 07/15/24) | NOTE 2.500% 7/1 · principal | Reduce -18.1% | 24,887,000 | $25.1M |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | Add +36.8% | 26,000,000 | $23.5M |
| DAYFORCE INC (DAY 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | Add +8.7% | 25,000,000 | $22.9M |
| KAMAN CORP (KAMN 3.25 05/01/24) | NOTE 3.250% 5/0 · principal | Sold out | 22,229,000 | $22.5Mbefore exit |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | Add +9.1% | 24,000,000 | $22.4M |
| PEGASYSTEMS INC (PEGA 0.75 03/01/25) | NOTE 0.750% 3/0 · principal | Sold out | 22,496,000 | $21.6Mbefore exit |
| EZCORP INC (EZPW 2.375 05/01/25) | NOTE 2.375% 5/0 · principal | Add +1.6% | 20,871,000 | $20.3M |
| EVENTBRITE INC (EB 5 12/01/25) | NOTE 5.000%12/0 · principal | Add +59.7% | 18,724,000 | $18.4M |
| PENNYMAC CORP (PMT 5.5 11/01/24) | NOTE 5.500%11/0 · principal | Add +286.6% | 17,974,000 | $18.0M |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | Add +12.0% | 14,000,000 | $12.8M |
| BLOCK INC (XYZ 0.125 03/01/25) | NOTE 0.125% 3/0 · principal | New | 12,000,000 | $11.6M |
| ITRON INC (ITRI 0 03/15/26) | NOTE 3/1 · principal | Sold out | 11,133,000 | $11.2Mbefore exit |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | New | 10,546,000 | $10.5M |
| AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) | NOTE 6.500% 7/0 · principal | Add +31.9% | 8,278,000 | $8.8M |
| CINEMARK HOLDINGS INC (CNK 4.5 08/15/25) | NOTE 4.500% 8/1 · principal | Sold out | 5,971,000 | $8.3Mbefore exit |
| JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26) | CONVERTIBLE BOND · principal | New | 9,400,000 | $8.3M |
| PACIRA BIOSCIENCES INC (PCRX 0.75 08/01/25) | NOTE 0.750% 8/0 · principal | Sold out | 8,362,000 | $8.0Mbefore exit |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | Add +116.8% | 8,537,000 | $7.8M |
| ENVESTNET INC (ENV 0.75 08/15/25) | 0.75 8/15/2025 · principal | Reduce -72.9% | 7,437,000 | $7.3M |
| IONIS PHARMACEUTICALS IN (IONS 0.125 12/15/24) | NOTE 0.125%12/1 · principal | New | 6,735,000 | $6.6M |
| ATLANTICA JERSEY LTD (AY 4 07/15/25) | NOTE 4.000% 7/1 · principal | New | 6,375,000 | $6.4M |
| PELOTON INTERACTIVE INC (PTON 0 02/15/26) | NOTE 2/1 · principal | New | 5,083,000 | $4.5M |
| SOLAR EDGE TECHNOLOGIES (SEDG 0 09/15/25) | NOTE 9/1 · principal | Reduce -60.0% | 4,000,000 | $3.7M |
| CERENCE INC (CRNC 3 06/01/25) | NOTE 3.000% 6/0 · principal | New | 2,500,000 | $2.3M |
| NATIONAL VISION HOLDINGS (EYE 2.5 05/15/25) | NOTE 2.500% 5/1 · principal | Sold out | 2,149,000 | $2.3Mbefore exit |
| IMTXW Immatics NV -CW | *W EXP 07/01/202 | Reduce -3.1% | 796,912 | $2.2M |
| UPWORK INC (UPWK 0.25 08/15/26) | NOTE 0.250% 8/1 · principal | New | 1,666,000 | $1.5M |
| CLBTW Cellebrite Di Ltd. -CW23 | *W EXP 99/99/999 | Sold out | 238,105 | $512Kbefore exit |
| CCIXW Churchill Capital Corp. I-29 | *W EXP 03/31/203 | New | 718,498 | $251K |
| GCMGW GCM Grosvenor Inc. A -CW25 | *W EXP 11/17/202 | Reduce -20.9% | 507,520 | $249K |
| LSEAW Landsea Homes Corp.-CW23 | *W EXP 01/08/202 | Reduce -1.3% | 1,027,979 | $212K |
| CVIIW Churchill Capital Vii -CW28 | *W EXP 02/29/202 | Reduce -33.8% | 472,555 | $165K |
| CNXXW Conx Corp. Class A -CW27 | *W EXP 10/30/202 | Sold out | 645,564 | $129Kbefore exit |
| SKGRW SK Growth Opportunities -29 | *W EXP 06/28/202 | New | 540,373 | $128K |
| ASTLW Algoma Steel Group Inc. -CW26 | *W EXP 10/19/202 | Reduce -56.1% | 111,272 | $100K |
| ADVWW Advantage Solutions in-CW25 | *W EXP 10/28/202 | Reduce -0.7% | 798,506 | $29K |
| ARKOW Arko Corp. -CW25 | *W EXP 12/22/202 | Sold out | 56,518 | $28Kbefore exit |
| PRLHW Pearl Holdings Acq -CW23 | *W EXP 12/15/202 | Reduce -1.2% | 265,365 | $11K |
| IRIS ACQUISITION CORP | *W EXP 02/28/202 | Reduce -39.0% | 171,466 | $7K |
| BLEUACACIA LTD | *W EXP 10/30/202 | Reduce -6.6% | 272,373 | $4K |
| SOARW Volato Group Inc. - CW23 | *W EXP 12/04/202 | Reduce -7.0% | 253,685 | $4K |
| IVCPW Swiftmerge Acquisition -CW23 | *W EXP 12/13/202 | Sold out | 55,646 | $3Kbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 60 | $1.0B | WBD, NSC, EA, AES, LBRDK |
| Q1 2026 | 60 | $952.7M | WBD, EA, AES, MASI, NSC |
| Q4 2025 | 63 | $727.2M | FYBR, CYBR, WBD, FTW, CWAN |
| Q3 2025 | 64 | $586.0M | CYBR, LBRDK, FYBR, FTW, TGNA |
| Q2 2025 | 60 | $569.4M | ARES ACQUISITION CORP II, SKX, FYBR, FTW, NWSA |
| Q1 2025 | 22 | $319.9M | ARES ACQUISITION CORP II, FYBR, NWSA, DNB, CCIX |
| Q4 2024 | 27 | $400.2M | K, FYBR, ESGR, CCIX, LBRDK |
| Q3 2024 | 19 | $233.3M | LBRDK, SMAR, CCIX, ESGR, K |
| Q2 2024 | 19 | $381.1M | HIBB, LGF.B, SBOW, X, LBRDK |
| Q1 2024 | 14 | $235.8M | LGF.B, X, NWSA, CPRI, LBRDK |