Finepoint Capital LP

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 14, 2026), Finepoint Capital LP reported 4 stock positions worth $416.6 million. Its top holding was Qxo (QXO) at 64.6% of the portfolio, followed by Rxo (RXO, 35.3%) and Aleanna (ANNA, 0.1%). Compared with Q4 2025, it sold out of 1, added to 1 and reduced 1. The biggest buy was Rxo (RXO, shares +7%) and the biggest sale Qxo (QXO, shares −35%).

Most Recent 13F
Q2 2026
Location
BOSTON, MA
CIK
0001608126
Portfolio Value
$416.6M (Q1 2026)
SEC Filing
0000904454-26-000285 ↗ filed May 14, 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 Q4 2025 Q1 2026: $416.6M $416.6M Q1 2026 Q2 2026: $460.8M Q2 2026

Holdings 4 stocks · $416.6M
QXO Qxo Inc. 64.60% 13,858,415 $269.1M Reduce -34.6%
RXO Rxo Inc. 35.35% 10,073,618 $147.3M Add +7.3%
ANNA Aleanna Inc. 0.06% 27,717 $230K No change
CLDI Calidi Biotherapeutics Inc. 0.00% 1,042 $249 No change

Options reported separately and not counted above: SPY puts ($685.9M), SOXX puts ($483.1M), QQQ puts ($366.4M).

Other holdings (2): bonds, preferreds, convertibles and warrants · $473K (not counted above)
SecurityClassShares / PrincipalValueChange
ANNAW Aleanna Inc. Class A - 29 *W EXP 12/13/202 490,000$397KNo change
MNYWW Moneyhero Ltd.-28 *W EXP 09/13/202 895,000$76KNo change

Total filed on the 13F, all lines: $417.1M.

Portfolio Sells Q4 2025 → Q1 2026
QXO Qxo Inc. Reduce -34.6% 64.60% −12.09
SLDB Solid Biosciences Inc. Sold out 0.00% −1.02

Portfolio Buys Q4 2025 → Q1 2026
RXO Rxo Inc. Add +7.3% 35.35% +13.07

Options Activity Q4 2025 → Q1 2026
SPY SS SPDR S&P 500 ETF Trust-US put Reduce -33.0% 1,054,700 $685.9M
SOXX iShares Semiconductor ETF put New 1,469,968 $483.1M
IWM iShares Russell 2000 ETF put Sold out 1,617,000 $398.0Mbefore exit
QQQ Invesco QQQ Trust Series 1 put New 634,755 $366.4M

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