MFN Partners Management, LP — 13F Holdings & Portfolio
CIK 1732811 · latest 13F-HR filed 2026-08-12
MFN Partners Management, LP manages $4.83B in 13F-reported U.S. long-equity assets across 9 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are XPO (41.91%), TLN (23.85%), RXO (16.04%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 0 new positions, exited 1, added to 3, and trimmed 4.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
BOSTON, MA 02116
$4.83B
Long-equity book
9
Distinct positions
2026-06-30
Filed 2026-08-12
+0 / −1 / ↑3 / ↓4
vs 2026-03-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- RXO INC$364.6M +88.7%
- TALEN ENERGY CORP$195.1M +20.4%
- RICE ACQUISITION CORP 3$76.0K +23.8%
Top Trims
- XPO INC-$196.7M -8.8%
- QXO INC-$50.2M -11.0%
- IVANHOE ELECTRIC INC-$5.6M -18.7%
- BAUSCH HEALTH COS INC-$2.8M -8.7%
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | XPO INC | XPO | 983793100 | $2.03B | 41.91% | 9,869,691 | SH |
| 2 | TALEN ENERGY CORP | TLN | 87422Q109 | $1.15B | 23.85% | 3,000,000 | SH |
| 3 | RXO INC | RXO | 74982T103 | $775.6M | 16.04% | 28,109,942 | SH |
| 4 | QXO INC | QXO | 82846H405 | $405.3M | 8.38% | 23,454,350 | SH |
| 5 | PENNYMAC FINL SVCS INC NEW | PFSI | 70932M107 | $394.7M | 8.17% | 4,531,792 | SH |
| 6 | BAUSCH HEALTH COS INC | BHC | 071734107 | $29.6M | 0.61% | 6,000,000 | SH |
| 7 | RICE ACQUISITION CORP 3 | KRSP | G7553X106 | $25.2M | 0.52% | 2,400,000 | SH |
| 8 | IVANHOE ELECTRIC INC | IE | 46578C108 | $24.5M | 0.51% | 2,553,191 | SH |
| 9 | RICE ACQUISITION CORP 3 | KRSP.WS | G7553X114 | $396.0K | 0.01% | 400,000 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-12 | $4.83B | 9 | 0000904454-26-000440 |
| 2026-03-31 | 2026-05-14 | $4.77B | 10 | 0000904454-26-000287 |
| 2025-12-31 | 2026-05-01 | $24.9M | 2 | 0000904454-26-000248 |
| 2025-12-31 | 2026-02-12 | $4.71B | 9 | 0000904454-26-000091 |