MFN Partners Management, LP

BOSTON, MA · CIK 1732811 · 13F filing filed 2026-08-12

SEC-registered investment adviser since 2018 · limited partnership

$4.8bn reported value +1.2% vs Q1 2026

9positions

100.0%in top 10

0 new 0 added 1 reduced 1 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	XPO INC COM XPO	XPO	9,869,691	$2.0bn41.91%	41.91%	Reduced -1.6m	-1,555,678 -13.6%
2	TALEN ENERGY CORP COM TLN	TLN	3,000,000	$1.2bn23.85%	23.85%	Unchanged
3	RXO INC COMMON STOCK RXO	RXO	28,109,942	$775.6m16.04%	16.04%	Unchanged
4	QXO INC COM NEW QXO	QXO	23,454,350	$405.3m8.38%	8.38%	Unchanged
5	PENNYMAC FINL SVCS INC NEW COM PFSI	PFSI	4,531,792	$394.7m8.17%	8.17%	Unchanged
6	BAUSCH HEALTH COS INC COM BHC	BHC	6,000,000	$29.6m0.61%	0.61%	Unchanged
7	RICE ACQUISITION CORP 3 ORD SHS CL A KRSP	KRSP	2,400,000	$25.2m0.52%	0.52%	Unchanged
8	IVANHOE ELECTRIC INC COM IE	IE	2,553,191	$24.5m0.51%	0.51%	Unchanged
9	RICE ACQUISITION CORP 3 *W EXP 99/99/999 KRSP.WS	KRSP.WS	400,000	$396.0k0.01%	0.01%	Unchanged

Security	Ticker	Shares held before	Value then
OCCIDENTAL PETE CORP OXY.WS	OXY.WS	5,690,600	$244.1m5.7m shares