MHR Fund Management LLC 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
MHR Fund Management LLC disclosed 10 US equity positions worth $1.2bn in its Q4 2025 13F filing. The largest position was TSAT at 45.2% of the reported book, followed by LION and HAFN. Against the Q3 2025 filing, it opened 0 new positions, added to 2 and reduced 0 among the top 10 holdings.
What did MHR Fund Management LLC own in Q4 2025? Top 10 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | TSAT TELESAT CORP | 45.2% | $524.8m | 18,035,092 | 0% | held | |
| 2 | LION LIONSGATE STUDIOS CORP | 29.6% | $343.7m | 37,648,498 | 0% | held | |
| 3 | HAFN HAFNIA LTD | 8.5% | $98.6m | 18,496,652 | 8% | added | |
| 4 | IOVA IOVANCE BIOTHERAPEUTICS INC | Healthcare | 6.8% | $79.1m | 28,967,103 | 0% | held |
| 5 | APO APOLLO GLOBAL MGMT INC | Financial Services | 5.0% | $57.8m | 399,505 | 0% | held |
| 6 | STRZ STARZ ENTERTAINMENT CORP. | 2.9% | $33.5m | 2,863,232 | 0% | held | |
| 7 | PAX PATRIA INVESTMENTS LIMITED | Financial Services | 1.1% | $12.7m | 800,000 | 0% | held |
| 8 | GFF GRIFFON CORP | Industrials | 0.8% | $9.2m | 125,000 | 0% | held |
| 9 | OPTU OPTIMUM COMMUNICATIONS INC | Communication Services | 0.2% | $1.8m | 1,070,800 | 538% | added |
| 10 | DVAX DYNAVAX TECHNOLOGIES CORP | 0.1% | $684.4k | 44,499 | 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.