Managers / Q4 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 $309M in U.S.-listed holdings across 19 positions for Q4 2025.
Its largest position, COF, represents 10.3% of the portfolio.
Compared with Q3 2025, the fund opened 7 new positions and exited 8.
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 · 81.1% · $250M
- Other · 11.4% · $35M
- GLOBAL · 7.6% · $23M
Quarter-over-Quarter Changes full breakdown →
vs Q3 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| RKTROCKET COS INC | NEW | +1.33M | 1.33M | +$26M | $26M |
| NSCNORFOLK SOUTHN CORP | NEW | +80.0K | 80.0K | +$23M | $23M |
| NVDANVIDIA CORPORATION | NEW | +120.0K | 120.0K | +$22M | $22M |
| CPRTCOPART INC | NEW | +505.0K | 505.0K | +$20M | $20M |
| SOLSSOLSTICE ADVANCED MATLS INC | NEW | +325.0K | 325.0K | +$16M | $16M |
| PERCEPTIVE CAP SOLUTIONS COR | NEW | +436.7K | 436.7K | +$6M | $6M |
| JELDJELD-WEN HLDG INC | NEW | +2.00M | 2.00M | +$5M | $5M |
| MR COOPER GROUP INC | SOLD OUT | −150.0K | 0 | −$32M | $0 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | COFCAPITAL ONE FINL CORPhistory → | COM | 10.32% | $32M | 131.5K |
| 2 | NXTNEXTPOWER INChistory → | CLASS A COM | 8.46% | $26M | 300.0K |
| 3 | RKTROCKET COS INChistory → | COM CL A | 8.34% | $26M | 1.33M |
| 4 | DRVNDRIVEN BRANDS HLDGS INChistory → | COM | 7.87% | $24M | 1.64M |
| 5 | LITHIUM ARGENTINA AG | NOTE 1.750% 1/1 | 7.57% | $23M | 25.52M |
| 6 | NSCNORFOLK SOUTHN CORPhistory → | COM | 7.48% | $23M | 80.0K |
| 7 | CPRTCOPART INChistory → | COM | 6.40% | $20M | 505.0K |
| 8 | AMRIZE LTD | SHS | 5.92% | $18M | 338.0K |
| 9 | WBDWARNER BROS DISCOVERY INChistory → | COM SER A | 5.83% | $18M | 625.0K |
| 10 | SOLSSOLSTICE ADVANCED MATLS INChistory → | COM SHS | 5.11% | $16M | 325.0K |
| 11 | YETIYETI HLDGS INChistory → | COM | 4.29% | $13M | 300.0K |
| 12 | CYBERARK SOFTWARE LTD | SHS | 3.61% | $11M | 25.0K |
| 13 | BILLBILL HOLDINGS INChistory → | COM | 3.00% | $9M | 170.0K |
| 14 | CRNCCERENCE INChistory → | COM | 2.49% | $8M | 720.0K |
| 15 | PERCEPTIVE CAP SOLUTIONS COR | CL A ORD SHS | 1.84% | $6M | 436.7K |
| 16 | PFGCPERFORMANCE FOOD GROUP COhistory → | COM | 1.75% | $5M | 60.0K |
| 17 | JELDJELD-WEN HLDG INChistory → | COM | 1.59% | $5M | 2.00M |
| 18 | RXSTRXSIGHT INC | COM | 0.86% | $3M | 254.6K |
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 ↗.