MFN Partners Management, LP
BOSTON, MA
$4.8bn in 9 US stocks at the end of 30 June 2026. The top 10 are 100.0% of the money. It changed about 11.2% of the portfolio this quarter.
Value
$4.8bn
Stocks
9
Top 10 share
100.0%
Turnover
11.2%
What changed this quarter
New
Bought for the first time this quarter.
None this quarter.
Added
Bought more of a stock they already held.
None this quarter.
Cut
Sold some of their stake.
- XPOXPO41.9% of the fund-14%
Sold out
Sold their entire stake.
- Occidental PeteOXY-WS-100%
Holdings
- Rice Acquisition Corp 3KRSP
- Share
- 0.5%
- Value
- $25m
- Shares
- 2,400,000
Held
- Rice Acquisition Corp 3KRSP-WS
- Share
- <0.1%
- Value
- $396,000
- Shares
- 400,000
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| XPOXPO | 41.9% | $2.0bn | 9,869,691 | -14% |
| Talen EnergyTLN | 23.8% | $1.2bn | 3,000,000 | Held |
| RXORXO | 16.0% | $776m | 28,109,942 | Held |
| QXOQXO | 8.4% | $405m | 23,454,350 | Held |
| PennyMac Financial ServicesPFSI | 8.2% | $395m | 4,531,792 | Held |
| Bausch Health CompaniesBHC | 0.6% | $30m | 6,000,000 | Held |
| Rice Acquisition Corp 3KRSP | 0.5% | $25m | 2,400,000 | Held |
| Ivanhoe ElectricIE | 0.5% | $25m | 2,553,191 | Held |
| Rice Acquisition Corp 3KRSP-WS | <0.1% | $396,000 | 400,000 | Held |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 3.5% since 30 June 2025.
Where the money is
Industrials66.3%
Utilities23.8%
Financial services8.7%
Health care0.6%
Materials0.5%
Other0.0%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.