MFN Partners Management, LP reported 8 positions worth $4.83B for the quarter ended Jun 30, 2026, up 6.7% on the prior quarter. It opened 0 new positions, added to 0, trimmed 1 and exited 0. Its largest holding is XPO, Inc. at 41.9% of the portfolio.
Reported 13F market value at each quarter end. A change mixes trading with price moves in the positions held.
Dollar value of shares bought and sold each quarter, at that quarter’s price. It counts trading only, not price changes.
How many positions were opened, added to, trimmed or closed each quarter.
Share of reported value in each sector at every quarter end.
No positions were added to this quarter.
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| XPO XPO, Inc. | -1.56M | -13.6% | $319.37M | 41.92% |
No new positions this quarter.
No positions were closed this quarter.
| # | Activity | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | XPO XPO, Inc. | Industrials | 9.87M | $2.03B | 41.92% | -1.56M | -13.6% | Reduced | 8.44% |
| 2 | TLN Talen Energy Corp | Utilities | 3.00M | $1.15B | 23.85% | 0 | 0.0% | Unchanged | 6.26% |
| 3 | RXO RXO, Inc. | Industrials | 28.11M | $775.55M | 16.04% | 0 | 0.0% | Unchanged | 16.57% |
| 4 | QXO QXO, Inc. | Industrials | 23.45M | $405.29M | 8.38% | 0 | 0.0% | Unchanged | 3.06% |
| 5 | PFSI PennyMac Financial Services, Inc. | Financial Services | 4.53M | $394.72M | 8.17% | 0 | 0.0% | Unchanged | 8.73% |
| 6 | BHC Bausch Health Companies Inc. | Healthcare | 6.00M | $29.58M | 0.612% | 0 | 0.0% | Unchanged | 1.6% |
| 7 | KRSP Rice Acquisition Corp 3 | Financial Services | 2.40M | $25.20M | 0.521% | 0 | 0.0% | Unchanged | 5.22% |
| 8 | IE Ivanhoe Electric Inc. | Basic Materials | 2.55M | $24.54M | 0.508% | 0 | 0.0% | Unchanged | 1.6% |
Tip. Select a row to see that position’s full history at MFN Partners Management.
As of its Q2 2026 13F filing, MFN Partners Management, LP’s five largest positions were XPO, Inc. (XPO) at 41.9%, Talen Energy Corp (TLN) at 23.8%, RXO, Inc. (RXO) at 16.0%, QXO, Inc. (QXO) at 8.4%, PennyMac Financial Services, Inc. (PFSI) at 8.2% of the reported portfolio.
MFN Partners Management, LP reported a 13F portfolio worth $4.83B across 8 positions for Q2 2026. That is up 6.7% from the previous quarter.
Its largest sales by value were XPO, Inc. ($319.37M). It exited 0 positions entirely.
From the Form 13F-HR reports MFN Partners Management, LP files with the SEC each quarter, within 45 days of quarter end. A 13F lists long positions in US-listed equities and options; it excludes short positions, cash, bonds and most non-US holdings.
13F data reflects long positions in US-listed equities and options as reported to the SEC up to 45 days after quarter end. It excludes short positions, cash, bonds and most non-US securities, so it is not a complete picture of a manager’s assets.