Managers / Q4 2024 · view latest →
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 $231M in U.S.-listed holdings across 18 positions for Q4 2024.
Its largest position, NBIS, represents 13.2% of the portfolio.
Compared with Q3 2024, the fund opened 5 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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. 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 · 95.5% · $221M
- GLOBAL · 4.5% · $10M
Quarter-over-Quarter Changes full breakdown →
vs Q3 2024 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| NBISNEBIUS GROUP N.V. | NEW | +1.10M | 1.10M | +$30M | $30M |
| OMCOMNICOM GROUP INC | NEW | +171.3K | 171.3K | +$15M | $15M |
| LBTYBLIBERTY GLOBAL LTD | NEW | +770.0K | 770.0K | +$10M | $10M |
| WLFCWILLIS LEASE FIN CORP | NEW | +16.5K | 16.5K | +$3M | $3M |
| LBTYBLIBERTY GLOBAL LTD | NEW | +150.0K | 150.0K | +$2M | $2M |
| SWSMURFIT WESTROCK PLC | SOLD OUT | −380.0K | 0 | −$19M | $0 |
| SOUTHWESTERN ENERGY CO | SOLD OUT | −2.40M | 0 | −$17M | $0 |
| ENVESTNET INC | SOLD OUT | −269.5K | 0 | −$17M | $0 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2024
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | NBISNEBIUS GROUP N.V.history → | SHS CLASS A | 13.17% | $30M | 1.10M |
| 2 | DRVNDRIVEN BRANDS HLDGS INChistory → | COM | 10.47% | $24M | 1.50M |
| 3 | QXOQXO INChistory → | COM NEW | 9.62% | $22M | 1.40M |
| 4 | DISCOVER FINL SVCS | COM | 7.49% | $17M | 100.0K |
| 5 | OMCOMNICOM GROUP INChistory → | COM | 6.37% | $15M | 171.3K |
| 6 | GRALGRAIL INChistory → | COM | 5.79% | $13M | 750.0K |
| 7 | JJACOBS SOLUTIONS INChistory → | COM | 5.78% | $13M | 100.0K |
| 8 | SDASEALED AIR CORP NEWhistory → | COM | 5.19% | $12M | 355.0K |
| 9 | BATRKATLANTA BRAVES HLDGS INChistory → | COM SER C | 5.17% | $12M | 312.6K |
| 10 | LBTYBLIBERTY GLOBAL LTD | COM CL A · COM CL C | 5.10% | $12M | 920.0K |
| 11 | FORWARD AIR CORP | COM | 4.68% | $11M | 335.8K |
| 12 | LNTHLANTHEUS HLDGS INChistory → | COM | 4.64% | $11M | 120.0K |
| 13 | KNXKNIGHT-SWIFT TRANSN HLDGS INhistory → | CL A | 4.59% | $11M | 200.0K |
| 14 | LITHIUM AMERICAS ARGENTINA C | NOTE 1.750% 1/1 | 4.50% | $10M | 13.50M |
| 15 | KELKELLANOVAhistory → | COM | 3.50% | $8M | 100.0K |
| 16 | MQMARQETA INChistory → | CLASS A COM | 2.46% | $6M | 1.50M |
| 17 | WLFCWILLIS LEASE FIN CORPhistory → | COM | 1.48% | $3M | 16.5K |
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 ↗.