Filed: 11/13/2025ACC: 0000904454-25-000585
📋 What this filing means
MFN PARTNERS MANAGEMENT, LP filed this quarterly 13F‑HR report disclosing 9 equity positions with a total reported market value of $4.95B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
9
Positions
$4.95B
Total AUM (reported)
107.38M
Total Shares
Allocation by class
COM$3.65B73.8%
COM NEW$729.06M14.7%
COMMON STOCK$424.14M8.6%
*W EXP 08/03/2027$145.11M2.9%
Portfolio Concentration
Top 3$3.48B70.3%
4–10$1.47B29.7%
Top 3 weight
70.3%
Top 10 weight
100.0%
Voting Authority Distribution
Total shares with voting rights: 107.38M
Sole
Full voting authority
107.38M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole9
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings9
Rows:
XPO INC
SOLEShares11.43M
TypeSH
Market value$1.48B
29.83%
Sole
11.43M
Shared
0.00
None
0.00
TALEN ENERGY CORP
SOLEShares3M
TypeSH
Market value$1.28B
25.77%
Sole
3M
Shared
0.00
None
0.00
QXO INC
SOLEShares38.25M
TypeSH
Market value$729.06M
14.72%
Sole
38.25M
Shared
0.00
None
0.00
PENNYMAC FINL SVCS INC NEW
SOLEShares4.53M
TypeSH
Market value$561.40M
11.34%
Sole
4.53M
Shared
0.00
None
0.00
RXO INC
SOLEShares27.58M
TypeSH
Market value$424.14M
8.57%
Sole
27.58M
Shared
0.00
None
0.00
CNX RES CORP
SOLEShares8.35M
TypeSH
Market value$268.20M
5.42%
Sole
8.35M
Shared
0.00
None
0.00
OCCIDENTAL PETE CORP
SOLEShares5.69M
TypeSH
Market value$145.11M
2.93%
Sole
5.69M
Shared
0.00
None
0.00
BAUSCH HEALTH COS INC
SOLEShares6M
TypeSH
Market value$38.70M
0.78%
Sole
6M
Shared
0.00
None
0.00
IVANHOE ELECTRIC INC
SOLEShares2.55M
TypeSH
Market value$32.04M
0.65%
Sole
2.55M
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
XPO INCSOLE | COM | 11.43M | SH | $1.48B 29.83% | 11.43M | 0.00 | 0.00 |
TALEN ENERGY CORPSOLE | COM | 3M | SH | $1.28B 25.77% | 3M | 0.00 | 0.00 |
QXO INCSOLE | COM NEW | 38.25M | SH | $729.06M 14.72% | 38.25M | 0.00 | 0.00 |
PENNYMAC FINL SVCS INC NEWSOLE | COM | 4.53M | SH | $561.40M 11.34% | 4.53M | 0.00 | 0.00 |
RXO INCSOLE | COMMON STOCK | 27.58M | SH | $424.14M 8.57% | 27.58M | 0.00 | 0.00 |
CNX RES CORPSOLE | COM | 8.35M | SH | $268.20M 5.42% | 8.35M | 0.00 | 0.00 |
OCCIDENTAL PETE CORPSOLE | *W EXP 08/03/2027 | 5.69M | SH | $145.11M 2.93% | 5.69M | 0.00 | 0.00 |
BAUSCH HEALTH COS INCSOLE | COM | 6M | SH | $38.70M 0.78% | 6M | 0.00 | 0.00 |
IVANHOE ELECTRIC INCSOLE | COM | 2.55M | SH | $32.04M 0.65% | 2.55M | 0.00 | 0.00 |