One Fin Capital Management LP

Name: One Fin Capital Management LP 13F holdings, Q4 2024
Creator: One Fin Capital Management LP
Published: 2025-02-14

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), One Fin Capital Management LP reported 17 stock positions worth $220.9 million. Its top holding was Nebius (NBIS) at 13.8% of the portfolio, followed by Driven Brands (DRVN, 11.0%) and Qxo (QXO, 10.1%). Compared with Q3 2024, it opened 5 new positions, sold out of 5, added to 3 and reduced 4. The biggest buy was a new position in Nebius (NBIS) and the biggest sale an exit from Smurfit Westrock (SW).

Most Recent 13F: Q2 2026
Location: San Francisco, CA
CIK: 0001753875
Portfolio Value: $220.9M (Q4 2024)
SEC Filing: 0000935836-25-000179 ↗ filed Feb 14, 2025

Holdings Value

Holdings 17 stocks · $220.9M


NBIS Nebius Group NV	13.79%	1,100,000	$30.5M	New
DRVN Driven Brands Holdings Inc.	10.96%	1,500,000	$24.2M	No change
QXO Qxo Inc.	10.08%	1,400,230	$22.3M	Reduce -48.8%
DFS Discover Financial Services	7.84%	100,000	$17.3M	No change
OMC Omnicom Group	6.67%	171,299	$14.7M	New
GRAL Grail Inc.	6.06%	750,000	$13.4M	Add +15.4%
J Jacobs Solutions Inc.	6.05%	100,000	$13.4M	Reduce -24.2%
SEE Sealed Air Corp.	5.44%	355,000	$12.0M	No change
BATRK Atlanta Braves Holdings in-C	5.41%	312,611	$12.0M	Reduce -38.3%
FWRD Forward Air Corp.	4.90%	335,813	$10.8M	No change
LNTH Lantheus Holdings Inc.	4.86%	120,000	$10.7M	Add +100.0%
KNX Knight-Swift Transportation	4.80%	200,000	$10.6M	Add +21.2%
LBTYA Liberty Global Ltd. Class A	4.45%	770,000	$9.8M	New
K Kellanova	3.67%	100,000	$8.1M	No change
MQ Marqeta Inc.	2.57%	1,500,000	$5.7M	Reduce -40.0%
WLFC Willis Lease Finance Corp.	1.55%	16,455	$3.4M	New
LBTYK Liberty Global Ltd. Class C	0.89%	150,000	$2.0M	New

Other holdings (1): bonds, preferreds, convertibles and warrants · $10.4M (not counted above)

Security	Class	Shares / Principal	Value	Change
LITHIUM ARGENTINA AG (LARCN 1.75 01/15/27)	NOTE 1.750% 1/1 · principal	13,500,000	$10.4M	No change

Total filed on the 13F, all lines: $231.3M.

Portfolio Sells Q3 2024 → Q4 2024


SW Smurfit Westrock PLC	Sold out	0.00%	−7.38
QXO Qxo Inc.	Reduce -48.8%	10.08%	−6.88
SWN Southwestern Energy Co.	Sold out	0.00%	−6.71
ENV Envestnet Inc.	Sold out	0.00%	−6.64
AGNC AGNC Investment Corp.	Sold out	0.00%	−4.94
BATRK Atlanta Braves Holdings in-C	Reduce -38.3%	5.41%	−2.51
MQ Marqeta Inc.	Reduce -40.0%	2.57%	−2.26
AZUL S A	Sold out	0.00%	−1.35
J Jacobs Solutions Inc.	Reduce -24.2%	6.05%	−0.75

Portfolio Buys Q3 2024 → Q4 2024


NBIS Nebius Group NV	New	13.79%	+13.79
OMC Omnicom Group	New	6.67%	+6.67
LBTYA Liberty Global Ltd. Class A	New	4.45%	+4.45
GRAL Grail Inc.	Add +15.4%	6.06%	+2.54
LNTH Lantheus Holdings Inc.	Add +100.0%	4.86%	+2.27
WLFC Willis Lease Finance Corp.	New	1.55%	+1.55
KNX Knight-Swift Transportation	Add +21.2%	4.80%	+1.30
LBTYK Liberty Global Ltd. Class C	New	0.89%	+0.89

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	22	$285.8M	NXT, DRVN, SOLS, WBD, CRNC
Q1 2026	18	$234.7M	NXT, NSC, WBD, AMRZ, RKT
Q4 2025	17	$263.0M	COF, NXT, RKT, DRVN, NSC
Q3 2025	17	$268.5M	COOP, NXT, COF, DRVN, PFGC
Q2 2025	17	$271.2M	GRAL, FDX, COF, DRVN, AMRZ
Q1 2025	13	$180.4M	DRVN, CPRI, GRAL, FDX, INTC
Q4 2024	17	$220.9M	NBIS, DRVN, QXO, DFS, OMC
Q3 2024	17	$254.3M	QXO, DRVN, BATRK, SW, J
Q2 2024	18	$241.3M	EQC, SBUX, BATRK, ENV, DRVN
Q1 2024	23	$265.7M	PXD, KNF, BATRK, LSXMA, HES