SCHEDULE: Nut Tree Capital Discloses 3.2% Stake in Xponential Fitness

Sentiment:

Beneficial Ownership Disclosure


Nut Tree Capital Management and its affiliates have disclosed a passive 3.2% beneficial ownership stake in Xponential Fitness, Inc., holding 1,125,404 Class A Common Shares as of June 30, 2025.

Summary

  • Nut Tree Capital Management, LP, Nut Tree Capital Management GP, LLC, and Jared R. Nussbaum collectively reported beneficial ownership of 1,125,404 shares of Xponential Fitness, Inc.'s Class A Common Stock.
  • This represents approximately 3.2% of the outstanding Class A Common Stock as of June 30, 2025.
  • The shares are held by Nut Tree Master Fund, LP, for which Nut Tree Capital Management serves as investment adviser.
  • The reporting persons have shared voting and shared dispositive power over all 1,125,404 shares.
  • The ownership was acquired and is held in the ordinary course of business, not for the purpose of changing or influencing control of Xponential Fitness, Inc.

Sentiment

Score: 6

Explanation: The filing indicates a significant, passive investment by an institutional fund, which can be interpreted as a vote of confidence in the company's long-term prospects. However, it does not contain operational or financial performance data.

Positives

  • A significant institutional investor, Nut Tree Capital Management, has taken a 3.2% stake in Xponential Fitness, indicating a vote of confidence in the company.

Negatives

  • NA

Risks

  • The investment is passive, meaning Nut Tree Capital Management does not intend to influence or change control of Xponential Fitness, Inc.

Future Outlook

NA

Management Comments

  • The securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.

Industry Context

NA

Comparison to Industry Standards

  • NA

Management Changes

RolePrevious PersonNew PersonEffective DateReason

Corporate Governance

Change TypeDescriptionEffective DateImpact Assessment

Legal Proceedings

  • NA

Related Party Transactions

  • NA

Stakeholder Impact

  • Shareholders: The disclosure of an institutional investor taking a stake might be viewed positively, potentially increasing investor confidence.

Next Steps

  • NA

Key Dates

DateDescription
2025-04-30Approximate shares outstanding (34,926,000) reported in Issuer's Form 10-Q.
2025-06-30Date of event requiring the filing of this statement, indicating the beneficial ownership stake was established or changed.
2025-08-14Date the Schedule 13G was signed and filed by the reporting persons.

Recommendation

hold

This Schedule 13G filing primarily discloses a passive ownership stake by Nut Tree Capital Management. While the presence of an institutional investor holding 3.2% of the Class A Common Stock can be seen as a positive signal of confidence, the filing itself does not contain any operational or financial performance data for Xponential Fitness, Inc. to warrant a stronger recommendation. Investors should consider this as a data point regarding institutional interest rather than a direct indicator of company performance or future stock movement.

Keywords

Xponential Fitness, XPOF, Nut Tree Capital, Investment, Beneficial Ownership, SEC Filing, Schedule 13G, Class A Common Stock, Institutional Investor, Fitness Industry

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