One Fin Capital Management LP

Name: One Fin Capital Management LP 13F holdings, Q4 2025
Creator: One Fin Capital Management LP
Published: 2026-02-17

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

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), One Fin Capital Management LP reported 17 stock positions worth $263.0 million. Its top holding was Capital One Financial (COF) at 12.1% of the portfolio, followed by Nextpower (NXT, 9.9%) and Rocket Cos Class A (RKT, 9.8%). Compared with Q3 2025, it opened 6 new positions, sold out of 6, added to 2 and reduced 5. The biggest buy was a new position in Rocket Cos Class A (RKT) and the biggest sale an exit from Mr Cooper (COOP).

Most Recent 13F: Q2 2026
Location: San Francisco, CA
CIK: 0001753875
Portfolio Value: $263.0M (Q4 2025)
SEC Filing: 0000935836-26-000113 ↗ filed Feb 17, 2026

Holdings Value

Holdings 17 stocks · $263.0M


COF Capital One Financial Corp.	12.12%	131,536	$31.9M	No change
NXT Nextpower Inc.	9.93%	300,000	$26.1M	Reduce -28.6%
RKT Rocket Cos Inc. Class A	9.79%	1,330,000	$25.7M	New
DRVN Driven Brands Holdings Inc.	9.24%	1,640,000	$24.3M	Add +3.1%
NSC Norfolk Southern Corp.	8.78%	80,000	$23.1M	New
CPRT Copart Inc.	7.52%	505,000	$19.8M	New
AMRZ Amrize Ltd.	6.95%	338,000	$18.3M	Reduce -24.9%
WBD Warner Bros Discovery Inc.	6.85%	625,000	$18.0M	No change
SOLS Solstice Adv Materials Inc.	6.00%	325,000	$15.8M	New
YETI Yeti Holdings Inc. filed as YETI HLDGS INC	5.04%	300,000	$13.3M	Reduce -9.8%
CYBR Cyberark Software Ltd./Israel	4.24%	25,000	$11.2M	No change
BILL Bill Holdings Inc.	3.52%	170,000	$9.3M	Reduce -22.7%
CRNC Cerence Inc.	2.93%	720,000	$7.7M	Add +53.2%
FRNM Freenome Inc. filed as PERCEPTIVE CAP SOLUTIONS COR	2.16%	436,745	$5.7M	New
PFGC Performance Food Group Co.	2.05%	60,000	$5.4M	Reduce -72.2%
JELD Jeld-Wen Holding Inc.	1.87%	2,000,000	$4.9M	New
RXST Rxsight Inc.	1.01%	254,583	$2.7M	No change

Options reported separately and not counted above: NVDA puts ($22.4M).

Other holdings (1): bonds, preferreds, convertibles and warrants · $23.4M (not counted above)

Security	Class	Shares / Principal	Value	Change
LITHIUM ARGENTINA AG (LARCN 1.75 01/15/27)	NOTE 1.750% 1/1 · principal	25,525,000	$23.4M	Add +45.9%

Total filed on the 13F, all lines: $286.4M.

Portfolio Sells Q3 2025 → Q4 2025


COOP Mr Cooper Group Inc.	Sold out	0.00%	−11.78
GRAL Grail Inc.	Sold out	0.00%	−8.37
PFGC Performance Food Group Co.	Reduce -72.2%	2.05%	−6.32
TECK Teck Resources Ltd.-CLS B	Sold out	0.00%	−4.90
INFQ Infleqtion Inc.	Sold out	0.00%	−2.40
GDOT Green Dot Corp. Class A	Sold out	0.00%	−2.15
TONX Ton Strategy Co.	Sold out	0.00%	−1.84
NXT Nextpower Inc.	Reduce -28.6%	9.93%	−1.64
AMRZ Amrize Ltd.	Reduce -24.9%	6.95%	−1.19
BILL Bill Holdings Inc.	Reduce -22.7%	3.52%	−0.82
YETI Yeti Holdings Inc.	Reduce -9.8%	5.04%	+0.93

Portfolio Buys Q3 2025 → Q4 2025


RKT Rocket Cos Inc. Class A	New	9.79%	+9.79
NSC Norfolk Southern Corp.	New	8.78%	+8.78
CPRT Copart Inc.	New	7.52%	+7.52
SOLS Solstice Adv Materials Inc.	New	6.00%	+6.00
FRNM Freenome Inc.	New	2.16%	+2.16
JELD Jeld-Wen Holding Inc.	New	1.87%	+1.87
CRNC Cerence Inc.	Add +53.2%	2.93%	+0.74
DRVN Driven Brands Holdings Inc.	Add +3.1%	9.24%	−0.30

Options Activity Q3 2025 → Q4 2025


NVDA Nvidia Corp.	put	New	120,000	$22.4M
BLDR Builders Firstsource Inc.	call	Sold out	100,000	$12.1Mbefore exit
PBF PBF Energy Inc. Class A	call	Sold out	250,000	$7.5Mbefore exit

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

Notes & Other Activity Q3 2025 → Q4 2025


LITHIUM ARGENTINA AG (LARCN 1.75 01/15/27)	NOTE 1.750% 1/1 · principal	Add +45.9%	25,525,000	$23.4M

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