Finepoint Capital LP

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Finepoint Capital LP reported 5 stock positions worth $532.7 million. Its top holding was Qxo (QXO) at 76.7% of the portfolio, followed by Rxo (RXO, 22.3%) and Solid Biosciences (SLDB, 1.0%). Compared with Q3 2025, it added to 1 and reduced 1. The biggest buy was Rxo (RXO, shares +29%) and the biggest sale Qxo (QXO, shares −5%).

Most Recent 13F
Q2 2026
Location
BOSTON, MA
CIK
0001608126
Portfolio Value
$532.7M (Q4 2025)
SEC Filing
0000904454-26-000098 ↗ filed Feb 13, 2026

Holdings Value

0$200.0M$400.0M$600.0M$800.0M$1.0B Q1 2024: $376.0M Q1 2024 Q2 2024: $351.8M Q2 2024 Q3 2024: $822.2M Q3 2024 Q4 2024: $866.7M Q4 2024 Q1 2025: $592.5M Q1 2025 Q2 2025: $504.1M Q2 2025 Q3 2025: $542.8M Q3 2025 Q4 2025: $532.7M $532.7M Q4 2025 Q1 2026: $416.6M Q1 2026 Q2 2026: $460.8M Q2 2026

Holdings 5 stocks · $532.7M
QXO Qxo Inc. 76.69% 21,177,415 $408.5M Reduce -5.0%
RXO Rxo Inc. 22.28% 9,388,789 $118.7M Add +29.2%
SLDB Solid Biosciences Inc. 1.02% 961,251 $5.4M No change
ANNA Aleanna Inc. 0.01% 27,717 $79K No change
CLDI Calidi Biotherapeutics Inc. 0.00% 1,042 $1K No change

Options reported separately and not counted above: SPY puts ($1.1B), IWM puts ($398.0M).

Other holdings (2): bonds, preferreds, convertibles and warrants · $108K (not counted above)
SecurityClassShares / PrincipalValueChange
ANNAW Aleanna Inc. Class A - 29 *W EXP 12/13/202 490,000$69KNo change
MNYWW Moneyhero Ltd.-28 *W EXP 09/13/202 895,000$38KNo change

Total filed on the 13F, all lines: $532.8M.

Portfolio Sells Q3 2025 → Q4 2025
QXO Qxo Inc. Reduce -5.0% 76.69% −1.61

Portfolio Buys Q3 2025 → Q4 2025
RXO Rxo Inc. Add +29.2% 22.28% +1.69

Options Activity Q3 2025 → Q4 2025
SPY SS SPDR S&P 500 ETF Trust-US put Add +30.3% 1,573,200 $1.1B

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 4$460.8MQXO, RXO, ANNA, CLDI
Q1 2026 4$416.6MQXO, RXO, ANNA, CLDI
Q4 2025 5$532.7MQXO, RXO, SLDB, ANNA, CLDI
Q3 2025 5$542.8MQXO, RXO, SLDB, ANNA, CLDI
Q2 2025 5$504.1MQXO, LLYVK, SLDB, ANNA, CLDI
Q1 2025 19$592.5MQXO, LBRDK, SWTX, LLYVK, ASND
Q4 2024 20$866.7MQXO, LBRDK, LLYVK, ARGX, RVMD
Q3 2024 18$822.2MQXO, LBRDK, RVMD, ARGX, ASND
Q2 2024 17$351.8MLBRDK, RVMD, ASND, SWTX, ARGX
Q1 2024 17$376.0MLBRDK, SWTX, ASND, ARVN, RVMD