MFN Partners Management, LP

Q1 2025 13F-HR Holdings

Location
Boston, MA
Holdings as of
3/31/2025
Date filed
5/13/2025
Form type
13F-HR
Num holdings
10
Total value ($000)
$4,254,208
Net value change ($000)
-823,176 (-16.2%)
New positions
0
Sold out positions
1
Turnover %
1.0%
Sector allocation + QoQ delta (equities-only)
Prev filing: 2/12/2025 Next filing: 8/8/2025 SEC filing

Snapshot: Change Analysis

Compared to Q4 2024
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
HCA 44,215 15.1%
Top Reduces (Value $000, Stocks/ETFs)
CNX -287,192 -52.2%
XPO -269,296 -18.0%
RXO -130,719 -19.9%
QXO -110,704 -14.8%
FWRD -41,582 -100.0%
BHC -9,540 -19.7%
PFSI -9,199 -2.0%
TLN -5,400 -0.9%
IE -4,443 -23.0%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type