# EDGAR Filing Document

**Accession Number:** 0001959730
**File Stem:** 0000929638-23-000617
**Filing Date:** 2023-2
**Character Count:** 8698
**Document Hash:** aac28570689197ac09a633a92a3de49a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000929638-23-000617.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0000929638-23-000617

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230214

**EFFECTIVENESS DATE**: 20230214

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Fund 1 Investments, LLC
- **CENTRAL INDEX KEY:** 0001959730
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-23083
- **FILM NUMBER:** 23631038

**BUSINESS ADDRESS:**
- **STREET 1:** 100 CARR 115
- **STREET 2:** UNIT 1900
- **CITY:** RINCON
- **STATE:** PR
- **ZIP:** 00677
- **BUSINESS PHONE:** 804-363-4458

**MAIL ADDRESS:**
- **STREET 1:** 100 CARR 115
- **STREET 2:** UNIT 1900
- **CITY:** RINCON
- **STATE:** PR
- **ZIP:** 00677

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Fund 1 Investments LLC<br>**Address:** 100 CARR 115<br>UNIT 1900<br>RINCON, PR 00677

**Form 13F File Number:** 028-23083

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Benjamin C. Cable<br>**Title:** Chief Operating Officer<br>**Phone:** 804-363-4458

**Signature, Place, and Date of Signing:**

/s/ Benjamin C. Cable  Florham Park, NJ  02-14-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 2

**Form 13F Information Table Entry Total:** 49

**Form 13F Information Table Value Total:** $220316260

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

| No.   | Name                       | Form 13F File Number   |
|:---|:---|:---|
|  | Jonathan Lennon            | 028-16756              |
|  | Pleasant Lake Partners LLC | 028-16754              |

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| A K A BRANDS HLDG CORP | COM | 00152K101 |  | 502149 | 395393 | SH |  | DFND | 12 | 395393 | 0 | 0 |
| ALBERTSONS COS INC | COMMON STOCK | 013091103 |  | 6471 | 312 | SH |  | DFND | 12 | 312 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 2202250 | 25000 | SH |  | DFND | 12 | 25000 | 0 | 0 |
| ALLBIRDS INC | COM CL A | 01675A109 |  | 73326 | 30300 | SH |  | DFND | 12 | 30300 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 1330950 | 15000 | SH |  | DFND | 12 | 15000 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 4200000 | 50000 | SH |  | DFND | 12 | 50000 | 0 | 0 |
| ARHAUS INC | COM CL A | 04035M102 |  | 21099244 | 2164025 | SH |  | DFND | 12 | 2164025 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 10811500 | 35000 | SH |  | DFND | 12 | 35000 | 0 | 0 |
| BOOT BARN HLDGS INC | COM | 099406100 |  | 2000140 | 31992 | SH |  | DFND | 12 | 31992 | 0 | 0 |
| CARDLYTICS INC | COM | 14161W105 |  | 144500 | 25000 | SH |  | DFND | 12 | 25000 | 0 | 0 |
| CARVANA CO | CL A | 146869102 |  | 142200 | 30000 | SH |  | DFND | 12 | 30000 | 0 | 0 |
| CONTROLADORA VUELA COMP DE A | SPON SDR RP 10 | 21240E105 |  | 398103 | 47620 | SH |  | DFND | 12 | 47620 | 0 | 0 |
| COTY INC | COM CL A | 222070203 |  | 6512551 | 760812 | SH |  | DFND | 12 | 760812 | 0 | 0 |
| DATADOG INC | CL A COM | 23804L103 |  | 551250 | 7500 | SH |  | DFND | 12 | 7500 | 0 | 0 |
| DAVE  BUSTERS ENTMT INC | COM | 238337109 |  | 7220723 | 203745 | SH |  | DFND | 12 | 203745 | 0 | 0 |
| DESTINATION XL GROUP INC | COM | 25065K104 |  | 11555251 | 1711889 | SH |  | DFND | 12 | 1711889 | 0 | 0 |
| DILLARDS INC | CL A | 254067101 |  | 3488621 | 10794 | SH |  | DFND | 12 | 10794 | 0 | 0 |
| EVERBRIDGE INC | COM | 29978A104 |  | 739500 | 25000 | SH |  | DFND | 12 | 25000 | 0 | 0 |
| FARFETCH LTD | ORD SH CL A | 30744W107 |  | 212850 | 45000 | SH |  | DFND | 12 | 45000 | 0 | 0 |
| FOOT LOCKER INC | COM | 344849104 |  | 3213737 | 85042 | SH |  | DFND | 12 | 85042 | 0 | 0 |
| FOSSIL GROUP INC | COM | 34988V106 |  | 1231027 | 285621 | SH |  | DFND | 12 | 285621 | 0 | 0 |
| G III APPAREL GROUP LTD | COM | 36237H101 |  | 1512830 | 110345 | SH |  | DFND | 12 | 110345 | 0 | 0 |
| GOLDEN ENTMT INC | COM | 381013101 |  | 6261882 | 167430 | SH |  | DFND | 12 | 167430 | 0 | 0 |
| GRIFFON CORP | COM | 398433102 |  | 1318539 | 36841 | SH |  | DFND | 12 | 36841 | 0 | 0 |
| HAVERTY FURNITURE COS INC | COM | 419596101 |  | 2174418 | 72723 | SH |  | DFND | 12 | 72723 | 0 | 0 |
| HERBALIFE NUTRITION LTD | COM SHS | G4412G101 |  | 892800 | 60000 | SH |  | DFND | 12 | 60000 | 0 | 0 |
| HERTZ GLOBAL HLDGS INC | COM NEW | 42806J700 |  | 461700 | 30000 | SH |  | DFND | 12 | 30000 | 0 | 0 |
| HIBBETT INC | COM | 428567101 |  | 2577079 | 37776 | SH |  | DFND | 12 | 37776 | 0 | 0 |
| J JILL INC | COM | 46620W201 |  | 13045916 | 526045 | SH |  | DFND | 12 | 526045 | 0 | 0 |
| LIGHT  WONDER INC | COM | 80874P109 |  | 825381 | 14085 | SH |  | DFND | 12 | 14085 | 0 | 0 |
| MACYS INC | COM | 55616P104 |  | 1652000 | 80000 | SH |  | DFND | 12 | 80000 | 0 | 0 |
| MADISON SQUARE GRDN ENTERNM | CL A | 55826T102 |  | 224850 | 5000 | SH |  | DFND | 12 | 5000 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 1805100 | 15000 | SH |  | DFND | 12 | 15000 | 0 | 0 |
| NEWS CORP NEW | CL A | 65249B109 |  | 1163380 | 63922 | SH |  | DFND | 12 | 63922 | 0 | 0 |
| ON24 INC | COM | 68339B104 |  | 139064 | 16114 | SH |  | DFND | 12 | 16114 | 0 | 0 |
| PINTEREST INC | CL A | 72352L106 |  | 6500023 | 267711 | SH |  | DFND | 12 | 267711 | 0 | 0 |
| PLAYA HOTELS  RESORTS N V | SHS | N70544106 |  | 16912798 | 2590015 | SH |  | DFND | 12 | 2590015 | 0 | 0 |
| PLAYA HOTELS  RESORTS N V | SHS | N70544106 |  | 228550 | 35000 | SH | Call | DFND | 12 | 35000 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 1325900 | 10000 | SH |  | DFND | 12 | 10000 | 0 | 0 |
| SIX FLAGS ENTMT CORP NEW | COM | 83001A102 |  | 2378312 | 102293 | SH |  | DFND | 12 | 102293 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 5736450 | 15000 | SH |  | DFND | 12 | 15000 | 0 | 0 |
| ST JOE CO | COM | 790148100 |  | 579750 | 15000 | SH |  | DFND | 12 | 15000 | 0 | 0 |
| TILE SHOP HLDGS INC | COM | 88677Q109 |  | 14835892 | 3387190 | SH |  | DFND | 12 | 3387190 | 0 | 0 |
| TILLYS INC | CL A | 886885102 |  | 40529475 | 4478395 | SH |  | DFND | 12 | 4478395 | 0 | 0 |
| TURTLE BEACH CORP | COM NEW | 900450206 |  | 499391 | 69650 | SH |  | DFND | 12 | 69650 | 0 | 0 |
| VERY BRADLEY INC | COM | 92335C106 |  | 7569992 | 1671080 | SH |  | DFND | 12 | 1671080 | 0 | 0 |
| VINCE HLDG CORP | COM NEW | 92719W207 |  | 9597865 | 1225781 | SH |  | DFND | 12 | 1225781 | 0 | 0 |
| WW INTL INC | COM | 98262P101 |  | 837581 | 216990 | SH |  | DFND | 12 | 216990 | 0 | 0 |
| YUM CHINA HLDGS INC | COM | 98850P109 |  | 1093000 | 20000 | SH |  | DFND | 12 | 20000 | 0 | 0 |

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