MFN Partners Management, LP 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
MFN Partners Management, LP disclosed 9 US equity positions worth $5.0bn in its Q3 2025 13F filing. The largest position was XPO at 29.8% of the reported book, followed by TLN and QXO. Against the Q2 2025 filing, it opened 0 new positions, added to 0 and reduced 1 among the top 9 holdings.
What did MFN Partners Management, LP own in Q3 2025? Top 9 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | XPO XPO INC | Industrials | 29.8% | $1.5bn | 11,425,369 | 0% | held |
| 2 | TLN TALEN ENERGY CORP | Utilities | 25.8% | $1.3bn | 3,000,000 | 0% | held |
| 3 | QXO QXO INC | Industrials | 14.7% | $729.1m | 38,250,850 | -18% | reduced |
| 4 | PFSI PENNYMAC FINL SVCS INC NEW | Financial Services | 11.3% | $561.4m | 4,531,792 | 0% | held |
| 5 | RXO RXO INC | Industrials | 8.6% | $424.1m | 27,577,666 | 0% | held |
| 6 | CNX CNX RES CORP | Energy | 5.4% | $268.2m | 8,350,000 | 0% | held |
| 7 | OCCIDENTAL PETE CORP | 2.9% | $145.1m | 5,690,600 | 0% | held | |
| 8 | BHC BAUSCH HEALTH COS INC | Healthcare | 0.8% | $38.7m | 6,000,000 | 0% | held |
| 9 | IE IVANHOE ELECTRIC INC | 0.6% | $32.0m | 2,553,191 | 0% | held |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.