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Fort Baker Capital Management LP

CIK:0001688382
Hedge Fund
$1B AUM
72 holdings
Larkspur, CA, United States
Founded:2015
12 employees
Latest filing:Jun 30, 2025

Fort Baker Capital Management LP is an institutional investment adviser and multi-strategy hedge fund based in Larkspur, California. Established in 2015, the firm specializes in catalyst-driven, discretionary investment management for a limited number of investment funds and institutional clients. It is led by principal owner Steven Patrick Pigott and employs approximately 12 professionals. Fort Baker provides portfolio management for pooled investment vehicles and investment companies, focusing on delivering industry-leading risk-adjusted returns through robust risk management and innovative alpha generation strategies.

Investment Strategy

Fort Baker Capital Management employs a multi-strategy, catalyst-driven investment approach. The firm seeks to generate differentiated, risk-adjusted returns through exceptional risk management and dynamic alpha generation in targeted markets. Investment vehicles include both onshore and offshore pooled funds, with select co-investment opportunities. The firm is committed to evolving strategies to capitalize on market catalysts while adhering to strict risk controls, serving institutional investors via discretionary mandates focused on performance and innovation.

Latest 13F Filing Activity

Fort Baker Capital Management LP filed their most recent 13F report on Jun 30, 2025 disclosing 29 equity positions and 3 options positions with a total 13F market value of $582M. The fund increased holdings in Skechers U S A Inc., Eqv Ventures Acquisition Cor, Liberty Broadband Corp. among other positions. Fort Baker Capital Management LP reduced exposure to Dun & Bradstreet HLDGS Inc., Spirit Aerosystems HLDGS Inc., Enstar Group Limited among others.

Top Buys
S
SKXSKECHERS U S A INC
+$37.3M
E
EQVEQV VENTURES ACQUISITION COR
+$32.7M
L
LBRDKLIBERTY BROADBAND CORP
+$30.2M
D
DKSDICKS SPORTING GOODS INC
+$14.1M
G
GSHRGESHER ACQUISITION CORP. II
+$10.7M
Top Sells
D
DNBDUN & BRADSTREET HLDGS INC
-$25.9M
S
SPRSPIRIT AEROSYSTEMS HLDGS INC
-$17.8M
E
ESGRENSTAR GROUP LIMITED
-$16.0M
B
BSIIBLACK SPADE ACQUISITION II C
-$12.7M
N
NESRNATIONAL ENERGY SERVICES REU
-$9.4M

Top Holdings

A
AACTARES ACQUISITION CORP II
+8.8%$51.4M
S
SKXSKECHERS U S A INC
+6.4%$37.3M
F
FYBRFRONTIER COMMUNICATIONS PARE
+6.2%$36.2M
E
EQVEQV VENTURES ACQUISITION COR
+5.6%$32.7M
N
NWSANEWS CORP NEW
+5.5%$32.0M

Equity Positions (29)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
ARES ACQUISITION CORP II8.84%$51.4M4,537,487$11.15$11.33-$1.7M
SKECHERS U S A INC6.42%$37.3M591,758$63.10$63.10+$37.3M
FRONTIER COMMUNICATIONS PARE6.22%$36.2M993,695$34.70$36.40-$2.1M
EQV VENTURES ACQUISITION COR5.62%$32.7M3,110,433$10.51$10.51+$32.7M
NEWS CORP NEW5.50%$32.0M1,075,516$27.35$29.72+$4.2M

Options Positions (3)

TickerSecurityActionTypeNotional ValueContractsUnderlying PricePremium PaidChange (Contracts)Change (Value)
AMEDISYS INC
Put
$8.6M878$98.39$92.630+$505.7K
DUN & BRADSTREET HLDGS INCSold
Call
$1.5M1,610$9.09$8.94-5,916-$5.3M
WALGREENS BOOTS ALLIANCE INC
Call
$207.8K181$11.48$11.170+$5.6K

Industry Allocation

BLANK CHECKS
+29.7%
SERVICES-PREPACKAGED SOFTWARE
+10.0%
TELEVISION BROADCASTING STATIONS
+7.2%
CABLE & OTHER PAY TELEVISION SERVICES
+6.4%
TELEPHONE COMMUNICATIONS (NO RADIOTELEPHONE)
+5.9%

Investment Team (5)

NameRoleLocationLinkedIn
A
Art Strassle
Senior Credit AnalystSan Francisco, CA , United States
B
Ben Graham-Osborne
AnalystNew York, NY , United States
John Frank
John Frank
Founding Partner, Senior AnalystSan Francisco, CA , United States
Patrick Watson
Patrick Watson
Investment AnalystCA , United States
B
Bradd Kern
Senior Analyst