SCHEDULE: LMR Partners Discloses 7.7% Stake in OppFi Inc.

LMR Partners and its affiliates have reported a 7.7% beneficial ownership stake in OppFi Inc.'s Class A Common Stock, primarily through warrants.

Summary

• LMR Partners LLP, along with its affiliated entities and control persons Ben Levine and Stefan Renold, collectively reported beneficial ownership of 2,330,473 shares of OppFi Inc. Class A Common Stock.
• This ownership represents approximately 7.7% of the outstanding Class A Common Stock, calculated based on 27,908,175 shares outstanding as of September 30, 2025, plus shares acquirable by LMR Partners within 60 days.
• The beneficial ownership is primarily derived from warrants to purchase Class A Common Stock, with LMR Multi-Strategy Master Fund Limited holding warrants for 1,165,237 shares and LMR CCSA Master Fund Ltd holding warrants for 1,165,236 shares.
• LMR Partners maintains shared voting and dispositive power over all 2,330,473 beneficially owned shares.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of OppFi Inc.

Sentiment

Score: 6

Explanation: A 13G filing indicating a significant passive stake by an institutional investor is generally a neutral to slightly positive signal, as it shows confidence from a sophisticated investor without implying any immediate operational changes or activist intent.

Positives

• A significant institutional investor, LMR Partners, has taken a substantial stake in OppFi Inc., potentially signaling confidence in the company's long-term prospects.
• The investment is held in the ordinary course of business, indicating a passive investment strategy rather than an activist one.

Negatives

• NA

Risks

• NA

Future Outlook

The filing does not contain any forward-looking statements or guidance from OppFi Inc. or LMR Partners regarding future performance or strategic direction.

Management Comments

• NA

Industry Context

This filing indicates continued institutional interest in OppFi Inc., a company operating in the financial services sector, specifically in non-prime lending. The acquisition of a significant stake by a global investment manager like LMR Partners suggests a potential belief in the company's market position or future growth, despite broader economic uncertainties that can impact the consumer lending industry.

Comparison to Industry Standards

• NA

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional holder (7.7%) could be viewed positively, potentially increasing investor confidence and liquidity.
• Company Management: Awareness of a large, passive institutional investor on the cap table.

Next Steps

• The filing does not explicitly mention any future actions, events, or milestones for OppFi Inc. or LMR Partners related to this ownership.

Key Dates

Recommendation

This Schedule 13G filing indicates a significant, passive investment by LMR Partners in OppFi Inc. While the acquisition of a 7.7% stake by a sophisticated institutional investor is generally a positive signal of confidence, the filing itself does not provide new operational or financial data to warrant a 'buy' or 'sell' recommendation. It primarily confirms a substantial ownership position. Investors should 'hold' and monitor future company performance and any further disclosures from LMR Partners or OppFi Inc. for more actionable insights.

Keywords

OppFi Inc., LMR Partners, Class A Common Stock, Beneficial Ownership, SEC Filing, Schedule 13G, Warrants, Institutional Investment, Financial Services