Managers / Q2 2025 · 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 $296M in U.S.-listed holdings across 18 positions for Q2 2025.
Its largest position, GRAL, represents 12.2% of the portfolio.
Compared with Q1 2025, the fund opened 11 new positions and exited 7.
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 · 74.8% · $221M
- Other · 12.8% · $38M
- GLOBAL · 8.3% · $25M
- REIT · 4.0% · $12M
Quarter-over-Quarter Changes full breakdown →
vs Q1 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| COFCAPITAL ONE FINL CORP | NEW | +131.5K | 131.5K | +$28M | $28M |
| AMRIZE LTD | NEW | +415.0K | 415.0K | +$21M | $21M |
| MR COOPER GROUP INC | NEW | +135.0K | 135.0K | +$20M | $20M |
| AMDADVANCED MICRO DEVICES INC | NEW | +108.0K | 108.0K | +$15M | $15M |
| SKAASKECHERS U S A INC | NEW | +200.0K | 200.0K | +$13M | $13M |
| RITMRITHM CAPITAL CORP | NEW | +1.05M | 1.05M | +$12M | $12M |
| FWRDFORWARD AIR CORP | NEW | +335.0K | 335.0K | +$8M | $8M |
| UNHUNITEDHEALTH GROUP INC | NEW | +24.0K | 24.0K | +$7M | $7M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | GRALGRAIL INChistory → | COM | 12.17% | $36M | 700.0K |
| 2 | FDXFEDEX CORPhistory → | COM | 9.87% | $29M | 128.5K |
| 3 | COFCAPITAL ONE FINL CORPhistory → | COM | 9.46% | $28M | 131.5K |
| 4 | DRVNDRIVEN BRANDS HLDGS INChistory → | COM | 9.44% | $28M | 1.59M |
| 5 | LITHIUM ARGENTINA AG | NOTE 1.750% 1/1 | 8.34% | $25M | 29.50M |
| 6 | AMRIZE LTD | SHS | 6.95% | $21M | 415.0K |
| 7 | MR COOPER GROUP INC | COM | 6.81% | $20M | 135.0K |
| 8 | AMDADVANCED MICRO DEVICES INChistory → | COM | 5.18% | $15M | 108.0K |
| 9 | SKAASKECHERS U S A INChistory → | CL A | 4.27% | $13M | 200.0K |
| 10 | HSICHENRY SCHEIN INChistory → | COM | 4.20% | $12M | 170.0K |
| 11 | INTCINTEL CORPhistory → | COM | 4.16% | $12M | 550.0K |
| 12 | RITMRITHM CAPITAL CORPhistory → | COM NEW | 4.01% | $12M | 1.05M |
| 13 | CAPRI HOLDINGS LIMITED | SHS | 3.59% | $11M | 600.0K |
| 14 | FWRDFORWARD AIR CORPhistory → | COM | 2.78% | $8M | 335.0K |
| 15 | UNHUNITEDHEALTH GROUP INChistory → | COM | 2.53% | $7M | 24.0K |
| 16 | WBDWARNER BROS DISCOVERY INChistory → | COM SER A | 2.42% | $7M | 625.0K |
| 17 | APTIV PLC | COM SHS | 2.31% | $7M | 100.0K |
| 18 | AFRMAFFIRM HLDGS INChistory → | COM CL A | 1.52% | $4M | 65.0K |
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 ↗.