Managers / Q1 2026
One Fin Capital Management LP
CIK 0001753875 · ONE LETTERMAN DRIVE, BUILDING C, SUITE C3-400, SAN FRANCISCO, CA, 94129 · 415-488-8508
Summary
One Fin Capital Management LP reported $280M in U.S.-listed holdings across 20 positions for Q1 2026.
Its largest position, NXT, represents 12.9% of the portfolio.
Compared with Q4 2025, the fund opened 6 new positions and exited 5.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- Common Stock · 75.6% · $212M
- Other · 15.6% · $44M
- GLOBAL · 8.8% · $25M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| APTIV PLC | NEW | +225.0K | 225.0K | +$16M | $16M |
| GNRCGENERAC HLDGS INC | NEW | +67.0K | 67.0K | +$13M | $13M |
| PCGPG&E CORP | NEW | +625.0K | 625.0K | +$11M | $11M |
| PINSPINTEREST INC | NEW | +590.0K | 590.0K | +$11M | $11M |
| UNHUNITEDHEALTH GROUP INC | NEW | +33.0K | 33.0K | +$9M | $9M |
| PRMBPRIMO BRANDS CORPORATION | NEW | +150.0K | 150.0K | +$3M | $3M |
| CPRTCOPART INC | SOLD OUT | −505.0K | 0 | −$20M | $0 |
| CYBERARK SOFTWARE LTD | SOLD OUT | −25.0K | 0 | −$11M | $0 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2026
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | NXTNEXTPOWER INChistory → | CLASS A COM | 12.90% | $36M | 300.0K |
| 2 | LITHIUM ARGENTINA AG | NOTE 1.750% 1/1 | 8.79% | $25M | 25.52M |
| 3 | NSCNORFOLK SOUTHN CORPhistory → | COM | 8.19% | $23M | 80.0K |
| 4 | WBDWARNER BROS DISCOVERY INChistory → | COM SER A | 7.45% | $21M | 760.0K |
| 5 | AMRIZE LTD | SHS | 6.76% | $19M | 338.0K |
| 6 | RKTROCKET COS INChistory → | COM CL A | 6.10% | $17M | 1.20M |
| 7 | APTIV PLC | COM SHS | 5.57% | $16M | 225.0K |
| 8 | SOLSSOLSTICE ADVANCED MATLS INChistory → | COM SHS | 5.16% | $14M | 190.0K |
| 9 | GNRCGENERAC HLDGS INChistory → | COM | 4.67% | $13M | 67.0K |
| 10 | PCGPG&E CORPhistory → | COM | 3.92% | $11M | 625.0K |
| 11 | PINSPINTEREST INChistory → | CL A | 3.86% | $11M | 590.0K |
| 12 | YETIYETI HLDGS INChistory → | COM | 3.49% | $10M | 267.1K |
| 13 | PERCEPTIVE CAP SOLUTIONS COR | CL A ORD SHS | 3.30% | $9M | 843.5K |
| 14 | UNHUNITEDHEALTH GROUP INChistory → | COM | 3.19% | $9M | 33.0K |
| 15 | CRNCCERENCE INChistory → | COM | 2.93% | $8M | 1.30M |
| 16 | DRVNDRIVEN BRANDS HLDGS INChistory → | COM | 2.25% | $6M | 500.0K |
| 17 | COFCAPITAL ONE FINL CORPhistory → | COM | 2.15% | $6M | 33.0K |
| 18 | PRMBPRIMO BRANDS CORPORATIONhistory → | CLASS A COM SHS | 1.01% | $3M | 150.0K |
| 19 | JELDJELD-WEN HLDG INC | COM | 0.85% | $2M | 1.91M |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $280M | 20 | May 15, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $309M | 19 | Feb 17, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $304M | 20 | Nov 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $296M | 18 | Aug 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $205M | 14 | May 15, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $231M | 18 | Feb 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $265M | 18 | Nov 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $279M | 20 | Aug 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $293M | 25 | May 15, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $262M | 21 | Feb 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $247M | 22 | Nov 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $230M | 23 | Aug 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $253M | 25 | May 15, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $229M | 21 | Feb 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $268M | 29 | Nov 16, 2022 | RESTATEMENT | changes · EDGAR ↗ |
| Q2 2022 | $288M | 28 | Aug 15, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $242M | 23 | May 16, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $240M | 20 | Feb 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $216M | 21 | Nov 15, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $253M | 25 | Aug 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $260M | 26 | May 17, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $215M | 20 | Feb 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $156M | 18 | Nov 16, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $134M | 18 | Aug 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $132M | 20 | May 15, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $184M | 21 | Feb 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $178M | 24 | Nov 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $180M | 21 | Aug 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $148M | 20 | May 15, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q4 2018 | $93M | 15 | Feb 14, 2019 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.