Mfn Partners Management, LP

Investment Portfolio & 13F Holdings Analysis

About

Type: FundHoldings: 10Value: $4.3BLatest: 2025Q1

MFN Partners Management, LP is an institutional investment manager that filed its latest Form 13F for 2025Q1, reporting 10 holdings worth $4.3 billion. Form 13F filings provide transparency into the equity holdings of institutional investment managers with over $100 million in assets under management. This page displays the most recent portfolio holdings, allowing investors to track position changes, new investments, and portfolio composition.

AI_NATIVE detailed information: This accession holds the following tickers:[
  "RXO",
  "PFSI",
  "IE",
  "QXO",
  "TLN",
  "HCA",
  "XPO",
  null,
  "BHC",
  "CNX"
]

Filing Details

13F-HR • 2025-03-31

SEC FilingSEC DataHachi Filing

Report Date: 2025-03-31
Filing Date: 2025-05-13
Total Holdings: 10
Total Value: 4254207523
Accession Number: 0000904454-25-000244
Form Type: 13F-HR
CIK: mfn-partners-management-lp
Manager Name: Mfn-Partners-Management-Lp

Data Enrichment

90% identified

9 identified1 unidentified

Holdings

SEC FilingSEC DataHachi Filing

Manager:

10 positions • $4.3B total value

SEC FilingSEC DataHachi Filing

Manager:

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XPO, Inc.

XPO|983793100

Shares:11.4M

Value:$1.2B

% of Portfolio:28.9% ($1.2B/$4.3B)

QXO, Inc.

QXO|82846H405

Shares:46.9M

Value:$635.1M

% of Portfolio:14.9% ($635.1M/$4.3B)

Talen Energy Corp

TLN|87422Q109

Shares:3.0M

Value:$599.0M

% of Portfolio:14.1% ($599.0M/$4.3B)

RXO, Inc.

RXO|74982T103

Shares:27.6M

Value:$526.7M

% of Portfolio:12.4% ($526.7M/$4.3B)

PennyMac Financial Services, Inc.

PFSI|70932M107

Shares:4.5M

Value:$453.7M

% of Portfolio:10.7% ($453.7M/$4.3B)

HCA Healthcare, Inc.

HCA|40412C101

Shares:973.9K

Value:$336.5M

% of Portfolio:7.9% ($336.5M/$4.3B)

CNX Resources Corp

CNX|12653C108

Shares:8.3M

Value:$262.9M

% of Portfolio:6.2% ($262.9M/$4.3B)

674599162

Shares:5.7M

Value:$157.5M

% of Portfolio:3.7% ($157.5M/$4.3B)

Bausch Health Companies Inc.

BHC|071734107

Shares:6.0M

Value:$38.8M

% of Portfolio:0.9% ($38.8M/$4.3B)

Ivanhoe Electric Inc.

IE|46578C108

Shares:2.6M

Value:$14.8M

% of Portfolio:0.3% ($14.8M/$4.3B)

Instrument	Shares		Other Manager	Value	% of Portfolio
XPO, Inc.(XPOcusip983793100)	11.4M	QoQ 0.00% (-0) YoY -9.86% (-1.3M)	All Managers (Combined)	$1.2B	28.9% ($1.2B/$4.3B)	QoQ -17.97% (-$269.3M) YoY -20.53% (-$317.6M)
QXO, Inc.(QXOcusip82846H405)	46.9M	QoQ 0.00% (-0) YoY NEW(+46.9M)	All Managers (Combined)	$635.1M	14.9% ($635.1M/$4.3B)	QoQ -14.84% (-$110.7M) YoY NEW(+$635.1M)
Talen Energy Corp(TLNcusip87422Q109)	3.0M	QoQ 0.00% (-0) YoY NEW(+3.0M)	All Managers (Combined)	$599.0M	14.1% ($599.0M/$4.3B)	QoQ -0.89% (-$5.4M) YoY NEW(+$599.0M)
RXO, Inc.(RXOcusip74982T103)	27.6M	QoQ 0.00% (-0) YoY +76.90% (+12.0M)	All Managers (Combined)	$526.7M	12.4% ($526.7M/$4.3B)	QoQ -19.88% (-$130.7M) YoY +54.50% (+$185.8M)
PennyMac Financial Services, Inc.(PFSIcusip70932M107)	4.5M	QoQ 0.00% (-0) YoY 0.00% (+0)	All Managers (Combined)	$453.7M	10.7% ($453.7M/$4.3B)	QoQ -1.98% (-$9.2M) YoY +9.90% (+$40.9M)
HCA Healthcare, Inc.(HCAcusip40412C101)	973.9K	QoQ 0.00% (+0) YoY 0.00% (+0)	All Managers (Combined)	$336.5M	7.9% ($336.5M/$4.3B)	QoQ +15.12% (+$44.2M) YoY +3.60% (+$11.7M)
CNX Resources Corp(CNXcusip12653C108)	8.3M	QoQ -44.33% (-6.7M) YoY NEW(+8.3M)	All Managers (Combined)	$262.9M	6.2% ($262.9M/$4.3B)	QoQ -52.21% (-$287.2M) YoY NEW(+$262.9M)
(cusip674599162)✕	5.7M	QoQ 0.00% (+0) YoY 0.00% (-0)	All Managers (Combined)	$157.5M	3.7% ($157.5M/$4.3B)	QoQ +0.43% (+$682.9K) YoY -35.80% (-$87.8M)
Bausch Health Companies Inc.(BHCcusip071734107)	6.0M	QoQ 0.00% (-0) YoY 0.00% (-0)	All Managers (Combined)	$38.8M	0.9% ($38.8M/$4.3B)	QoQ -19.72% (-$9.5M) YoY -39.01% (-$24.8M)
Ivanhoe Electric Inc.(IEcusip46578C108)	2.6M	QoQ 0.00% (-0) YoY 0.00% (-0)	All Managers (Combined)	$14.8M	0.3% ($14.8M/$4.3B)	QoQ -23.04% (-$4.4M) YoY -40.71% (-$10.2M)