Institutional Manager · CIK 0001732811
MFN Partners Management, LP
BOSTON, MA · File #028-19231
Latest AUM
$4.71B
Positions
9
Top-10 Concentration
100.0%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| REDUCE | QXO INC | QXO-PB | -7,973,524 | -$153.8M | +$8.8M |
| REDUCE | BAUSCH HEALTH COS INC | 071734107 | 0 | $0 | +$3.0M |
| REDUCE | CNX RES CORP | CNX | 0 | $0 | +$38.8M |
| REDUCE | IVANHOE ELECTRIC INC | IE | 0 | $0 | +$8.8M |
| REDUCE | OCCIDENTAL PETE CORP | 674599162 | 0 | $0 | -$35.5M |
| REDUCE | PENNYMAC FINL SVCS INC NEW | 70932M107 | 0 | $0 | +$36.1M |
| REDUCE | RXO INC | RXO | 0 | $0 | -$75.6M |
| REDUCE | TALEN ENERGY CORP | TLN | 0 | $0 | -$151.6M |
| REDUCE | XPO INC | XPO | 0 | $0 | +$75.9M |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 20259 pos · $4.71B
- 13F HOLDINGS REPORTQ/E Sep 20259 pos · $4.95B
- 13F HOLDINGS REPORTQ/E Jun 20259 pos · $4.67B
- 13F HOLDINGS REPORTQ/E Mar 202510 pos · $4.25B
- 13F HOLDINGS REPORTQ/E Dec 202411 pos · $5.08B
- 13F HOLDINGS REPORTQ/E Sep 202412 pos · $5.07B
- 13F HOLDINGS REPORTQ/E Jun 202410 pos · $2.95B
- 13F HOLDINGS REPORTQ/E Mar 202410 pos · $3.52B
- 13F HOLDINGS REPORTQ/E Dec 202313 pos · $2.98B
Top 9 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 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% |