Filed: 2/12/2026ACC: 0000904454-26-000091
📋 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 $4.71B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
9
Positions
$4.71B
Total AUM (reported)
99.41M
Total Shares
Allocation by class
COM$3.66B77.9%
COM NEW$584.05M12.4%
COMMON STOCK$348.58M7.4%
*W EXP 08/03/2027$109.64M2.3%
Portfolio Concentration
Top 3$3.27B69.6%
4–10$1.43B30.4%
Top 3 weight
69.6%
Top 10 weight
100.0%
Voting Authority Distribution
Total shares with voting rights: 99.41M
Sole
Full voting authority
99.41M
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$1.55B
32.99%
Sole
11.43M
Shared
0.00
None
0.00
TALEN ENERGY CORP
SOLEShares3M
TypeSH
Market value$1.12B
23.89%
Sole
3M
Shared
0.00
None
0.00
PENNYMAC FINL SVCS INC NEW
SOLEShares4.53M
TypeSH
Market value$597.47M
12.69%
Sole
4.53M
Shared
0.00
None
0.00
QXO INC
SOLEShares30.28M
TypeSH
Market value$584.05M
12.41%
Sole
30.28M
Shared
0.00
None
0.00
RXO INC
SOLEShares27.58M
TypeSH
Market value$348.58M
7.41%
Sole
27.58M
Shared
0.00
None
0.00
CNX RES CORP
SOLEShares8.35M
TypeSH
Market value$307.03M
6.52%
Sole
8.35M
Shared
0.00
None
0.00
OCCIDENTAL PETE CORP
SOLEShares5.69M
TypeSH
Market value$109.64M
2.33%
Sole
5.69M
Shared
0.00
None
0.00
BAUSCH HEALTH COS INC
SOLEShares6M
TypeSH
Market value$41.70M
0.89%
Sole
6M
Shared
0.00
None
0.00
IVANHOE ELECTRIC INC
SOLEShares2.55M
TypeSH
Market value$40.80M
0.87%
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 | $1.55B 32.99% | 11.43M | 0.00 | 0.00 |
TALEN ENERGY CORPSOLE | COM | 3M | SH | $1.12B 23.89% | 3M | 0.00 | 0.00 |
PENNYMAC FINL SVCS INC NEWSOLE | COM | 4.53M | SH | $597.47M 12.69% | 4.53M | 0.00 | 0.00 |
QXO INCSOLE | COM NEW | 30.28M | SH | $584.05M 12.41% | 30.28M | 0.00 | 0.00 |
RXO INCSOLE | COMMON STOCK | 27.58M | SH | $348.58M 7.41% | 27.58M | 0.00 | 0.00 |
CNX RES CORPSOLE | COM | 8.35M | SH | $307.03M 6.52% | 8.35M | 0.00 | 0.00 |
OCCIDENTAL PETE CORPSOLE | *W EXP 08/03/2027 | 5.69M | SH | $109.64M 2.33% | 5.69M | 0.00 | 0.00 |
BAUSCH HEALTH COS INCSOLE | COM | 6M | SH | $41.70M 0.89% | 6M | 0.00 | 0.00 |
IVANHOE ELECTRIC INCSOLE | COM | 2.55M | SH | $40.80M 0.87% | 2.55M | 0.00 | 0.00 |