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MFN Partners Management, LP

SEC CIK
0001732811
Latest filing
Aug 12, 2026

Holdings in Q1 2025

Holdings as of Mar 31, 2025, filed May 13, 2025. Long positions only; changes compare share counts with Q4 2024.

Institution overview
Positions
10
−1 vs. Q4 2024
Portfolio value
$4.25B
−$823.2M (−16.2%) vs. Q4 2024
Filed
May 13, 2025
SEC
Holdings of MFN Partners Management, LP in Q1 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
XPOXPO, Inc.COM11,425,369$1.23B28.9%00.0%UnchangedHistory
QXOQXO, Inc.COM NEW46,908,701$635.1M14.9%00.0%UnchangedHistory
TLNTalen Energy CorpCOM3,000,000$599.0M14.1%00.0%UnchangedHistory
RXORXO, Inc.COMMON STOCK27,577,666$526.7M12.4%00.0%UnchangedHistory
PFSIPennyMac Financial Services, Inc.COM4,531,792$453.7M10.7%00.0%UnchangedHistory
HCAHCA Healthcare, Inc.COM973,898$336.5M7.9%00.0%UnchangedHistory
CNXCNX Resources CorpCOM8,350,000$262.9M6.2%−6,650,000−44.3%ReducedHistory
Occidental Pete Corp WT Exp 080327674599162Stock5,690,600$157.5M3.7%00.0%Unchanged–
BHCBausch Health Companies Inc.Stock6,000,000$38.8M0.9%00.0%UnchangedHistory
IEIvanhoe Electric Inc.COM2,553,191$14.8M0.3%00.0%UnchangedHistory

Sold out since Q4 2024 (1)

Positions held at the end of Q4 2024 that are gone from this filing.

Positions of MFN Partners Management, LP sold out since Q4 2024
SecurityClassShares in Q4 2024Value in Q4 2024% of portfolio in Q4 2024History
FWRDForward Air CorpCOM1,289,358$41.6M0.8%History