One Fin Capital Management LP

2. Key Holdings

The portfolio is dominated by high-conviction positions, with the top three holdings—Mr. Cooper Group (07WA), Capital One Financial (COF), and Driven Brands (DRVN)—comprising over 41% of the total portfolio value.

• Mr. Cooper Group (07WA): This is the largest holding at $31.62 million (15.23%). The firm increased its stake by 11.1% during the quarter, adding $11.48 million. This suggests a strong bullish outlook on the mortgage servicing and origination sector, likely viewing the company as a beneficiary of specific interest rate environments or housing market dynamics.
• Capital One Financial (COF): The second-largest position at $27.96 million (13.47%) reinforces a heavy tilt toward financial services. The pairing of Mr. Cooper and Capital One indicates a focus on credit-sensitive and consumer-finance entities.
• Driven Brands (DRVN): Representing the Consumer Cyclical sector, this $25.61 million position (12.34%) is a significant bet on the automotive aftermarket and services industry.
• Notable Smaller Holdings: The portfolio includes several large-cap positions that are relatively small in percentage terms (e.g., Lithium Argentina AG at 7.67%), as well as new entrants like Performance Food Group ($22.47M) and Builders FirstSource ($12.13M), which immediately became top-tier holdings.