13F HOLDINGS REPORT
MFN Partners Management, LP
Quarter ended Q4 2025 · Filed February 12, 2026 · Accession 0000904454-26-000091
Total Value
$4.71B
Positions
9
Other Managers
0
Confidential Omitted
No
Holdings (9)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | XPO INC | XPO | 11,425,369 | $1.55B | 32.99% |
| 2 | TALEN ENERGY CORP | TLN | 3,000,000 | $1.12B | 23.89% |
| 3 | PENNYMAC FINL SVCS INC NEW | 70932M107 | 4,531,792 | $597.5M | 12.69% |
| 4 | QXO INC | QXO-PB | 30,277,326 | $584.0M | 12.41% |
| 5 | RXO INC | RXO | 27,577,666 | $348.6M | 7.41% |
| 6 | CNX RES CORP | CNX | 8,350,000 | $307.0M | 6.52% |
| 7 | OCCIDENTAL PETE CORP | 674599162 | 5,690,600 | $109.6M | 2.33% |
| 8 | BAUSCH HEALTH COS INC | 071734107 | 6,000,000 | $41.7M | 0.89% |
| 9 | IVANHOE ELECTRIC INC | IE | 2,553,191 | $40.8M | 0.87% |