One Fin Capital Management LP

Name: One Fin Capital Management LP 13F holdings, Q3 2025
Creator: One Fin Capital Management LP
Published: 2025-11-14

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

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), One Fin Capital Management LP reported 17 stock positions worth $268.5 million. Its top holding was Mr Cooper (COOP) at 11.8% of the portfolio, followed by Nextpower (NXT, 11.6%) and Capital One Financial (COF, 10.4%). Compared with Q2 2025, it opened 11 new positions, sold out of 11, added to 2 and reduced 1. The biggest buy was a new position in Nextpower (NXT) and the biggest sale an exit from FedEx (FDX).

Most Recent 13F: Q2 2026
Location: San Francisco, CA
CIK: 0001753875
Portfolio Value: $268.5M (Q3 2025)
SEC Filing: 0000935836-25-000704 ↗ filed Nov 14, 2025

Holdings Value

Holdings 17 stocks · $268.5M


COOP Mr Cooper Group Inc.	11.78%	150,000	$31.6M	Add +11.1%
NXT Nextpower Inc. filed as NEXTRACKER INC	11.58%	420,000	$31.1M	New
COF Capital One Financial Corp.	10.42%	131,536	$28.0M	No change
DRVN Driven Brands Holdings Inc.	9.54%	1,590,000	$25.6M	No change
PFGC Performance Food Group Co.	8.37%	216,000	$22.5M	New
GRAL Grail Inc.	8.37%	380,000	$22.5M	Reduce -45.7%
AMRZ Amrize Ltd.	8.13%	450,000	$21.8M	Add +8.4%
TECK Teck Resources Ltd.-CLS B	4.90%	300,000	$13.2M	New
WBD Warner Bros Discovery Inc.	4.55%	625,000	$12.2M	No change
CYBR Cyberark Software Ltd./Israel	4.50%	25,000	$12.1M	New
BILL Bill Holdings Inc.	4.34%	220,000	$11.7M	New
YETI Yeti Holdings Inc. filed as YETI HLDGS INC	4.11%	332,454	$11.0M	New
INFQ Infleqtion Inc. filed as CHURCHILL CAP CORP X	2.40%	500,000	$6.4M	New
CRNC Cerence Inc.	2.18%	470,000	$5.9M	New
GDOT Green Dot Corp. Class A	2.15%	430,000	$5.8M	New
TONX Ton Strategy Co.	1.84%	700,000	$4.9M	New
RXST Rxsight Inc.	0.85%	254,583	$2.3M	New

Options reported separately and not counted above: BLDR calls ($12.1M), PBF calls ($7.5M).

Other holdings (1): bonds, preferreds, convertibles and warrants · $15.9M (not counted above)

Security	Class	Shares / Principal	Value	Change
LITHIUM ARGENTINA AG (LARCN 1.75 01/15/27)	NOTE 1.750% 1/1 · principal	17,500,000	$15.9M	Reduce -40.7%

Total filed on the 13F, all lines: $284.4M.

Portfolio Sells Q2 2025 → Q3 2025


FDX FedEx Corp.	Sold out	0.00%	−10.77
AMD Advanced Micro Devices	Sold out	0.00%	−5.65
GRAL Grail Inc.	Reduce -45.7%	8.37%	−4.90
SKX Skechers USA Inc. Class A	Sold out	0.00%	−4.65
HSIC Henry Schein Inc.	Sold out	0.00%	−4.58
INTC Intel Corp.	Sold out	0.00%	−4.54
RITM Rithm Capital Corp.	Sold out	0.00%	−4.37
CPRI Capri Holdings Ltd.	Sold out	0.00%	−3.92
FWRD Forward Air Corp.	Sold out	0.00%	−3.03
UNH Unitedhealth Group Inc.	Sold out	0.00%	−2.76
APTV Aptiv PLC	Sold out	0.00%	−2.52
AFRM Affirm Holdings Inc.	Sold out	0.00%	−1.66

Portfolio Buys Q2 2025 → Q3 2025


NXT Nextpower Inc.	New	11.58%	+11.58
PFGC Performance Food Group Co.	New	8.37%	+8.37
TECK Teck Resources Ltd.-CLS B	New	4.90%	+4.90
CYBR Cyberark Software Ltd./Israel	New	4.50%	+4.50
COOP Mr Cooper Group Inc.	Add +11.1%	11.78%	+4.35
BILL Bill Holdings Inc.	New	4.34%	+4.34
YETI Yeti Holdings Inc.	New	4.11%	+4.11
INFQ Infleqtion Inc.	New	2.40%	+2.40
CRNC Cerence Inc.	New	2.18%	+2.18
GDOT Green Dot Corp. Class A	New	2.15%	+2.15
TONX Ton Strategy Co.	New	1.84%	+1.84
RXST Rxsight Inc.	New	0.85%	+0.85
AMRZ Amrize Ltd.	Add +8.4%	8.13%	+0.55

Options Activity Q2 2025 → Q3 2025


BLDR Builders Firstsource Inc.	call	New	100,000	$12.1M
PBF PBF Energy Inc. Class A	call	New	250,000	$7.5M

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

Notes & Other Activity Q2 2025 → Q3 2025


LITHIUM ARGENTINA AG (LARCN 1.75 01/15/27)	NOTE 1.750% 1/1 · principal	Reduce -40.7%	17,500,000	$15.9M

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	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