MHR Fund Management LLC 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
MHR Fund Management LLC disclosed 10 US equity positions worth $1.0bn in its Q3 2025 13F filing. The largest position was TSAT at 46.8% of the reported book, followed by LION and HAFN. Against the Q2 2025 filing, it opened 1 new position, added to 2 and reduced 1 among the top 10 holdings.
What did MHR Fund Management LLC own in Q3 2025? Top 10 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | TSAT TELESAT CORP | 46.8% | $477.9m | 18,035,092 | 0% | held | |
| 2 | LION LIONSGATE STUDIOS CORP | 25.4% | $259.8m | 37,648,498 | 0% | held | |
| 3 | HAFN HAFNIA LTD | 10.1% | $102.9m | 17,186,714 | 24% | added | |
| 4 | IOVA IOVANCE BIOTHERAPEUTICS INC | Healthcare | 6.2% | $62.9m | 28,967,103 | 0% | held |
| 5 | APO APOLLO GLOBAL MGMT INC | Financial Services | 5.2% | $53.2m | 399,505 | -16% | reduced |
| 6 | STRZ STARZ ENTERTAINMENT CORP. | 4.1% | $42.2m | 2,863,232 | 0% | held | |
| 7 | PAX PATRIA INVESTMENTS LIMITED | Financial Services | 1.1% | $11.7m | 800,000 | 27% | added |
| 8 | GFF GRIFFON CORP | Industrials | 0.9% | $9.5m | 125,000 | – | new |
| 9 | DVAX DYNAVAX TECHNOLOGIES CORP | 0.0% | $441.9k | 44,499 | 0% | held | |
| 10 | OPTU ALTICE USA INC | Communication Services | 0.0% | $404.4k | 167,800 | 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.