MFN Partners Management, LP

Q2 2025 13F-HR Holdings

Location
Boston, MA
Holdings as of
6/30/2025
Date filed
8/8/2025
Form type
13F-HR
Num holdings
9
Total value ($000)
$4,672,900
Net value change ($000)
+418,692 (9.8%)
New positions
0
Sold out positions
1
Turnover %
7.4%
Sector allocation + QoQ delta (equities-only)
Prev filing: 5/13/2025 Next filing: 11/13/2025 SEC filing

Snapshot: Change Analysis

Compared to Q1 2025
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)
QXO 375,269 59.1%
TLN 273,300 45.6%
XPO 213,769 17.4%
CNX 18,370 7.0%
IE 8,323 56.1%
BHC 1,140 2.9%
Top Reduces (Value $000, Stocks/ETFs)
HCA -336,530 -100.0%
RXO -93,212 -17.7%
PFSI -2,130 -0.5%
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