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MFN Partners Management, LP

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13F filer, CIK 1732811, BOSTON, MA

MFN Partners Management, LP reported $4,834,204,582 across 9 holdings for the quarter ended 2026-06-30, in a 13F-HR filed 2026-08-12.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0000904454-26-000440

Period
2026-06-30
Reported value
$4.83B
Holdings
9
Top 10 weight
100%
New
0
Sold out
1

Part of the filer group MFN Partners Management, LP

  • Farhad Nanji
  • MFN Partners GP, LLC
  • Michael F. DeMichele
  • MFN Partners, LP
How groups are built

Largest buys vs the previous quarter

None.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
XPOreduced-1,555,678-$319M
OXY/WSexited-5,690,600-$244M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q2 2026

Share positions as resolved from 13F-HR 0000904454-26-000440, largest first. % of portfolio is the value over $4,834,204,582, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
XPOXPO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 11,425,369 shares; 2024Q4: 11,425,369 shares; 2025Q1: 11,425,369 shares; 2025Q2: 11,425,369 shares; 2025Q3: 11,425,369 shares; 2025Q4: 11,425,369 shares; 2026Q1: 11,425,369 shares; 2026Q2: 9,869,691 shares 9,869,691$2.03B41.91%-1,555,678Timeline
TLNTALEN ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 3,000,000 shares; 2024Q4: 3,000,000 shares; 2025Q1: 3,000,000 shares; 2025Q2: 3,000,000 shares; 2025Q3: 3,000,000 shares; 2025Q4: 3,000,000 shares; 2026Q1: 3,000,000 shares; 2026Q2: 3,000,000 shares 3,000,000$1.15B23.85%0Timeline
RXORXO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 27,577,666 shares; 2024Q4: 27,577,666 shares; 2025Q1: 27,577,666 shares; 2025Q2: 27,577,666 shares; 2025Q3: 27,577,666 shares; 2025Q4: 27,577,666 shares; 2026Q1: 28,109,942 shares; 2026Q2: 28,109,942 shares 28,109,942$776M16.04%02026-10-04, 13D: 32,687,269 shares, 19.3% of the class, 13D filed 2026-10-05 Timeline
QXOQXO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 53,908,701 shares; 2024Q4: 46,908,701 shares; 2025Q1: 46,908,701 shares; 2025Q2: 46,908,701 shares; 2025Q3: 38,250,850 shares; 2025Q4: 30,277,326 shares; 2026Q1: 23,454,350 shares; 2026Q2: 23,454,350 shares 23,454,350$405M8.38%0Timeline
PFSIPENNYMAC FINL SVCS INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 4,531,792 shares; 2024Q4: 4,531,792 shares; 2025Q1: 4,531,792 shares; 2025Q2: 4,531,792 shares; 2025Q3: 4,531,792 shares; 2025Q4: 4,531,792 shares; 2026Q1: 4,531,792 shares; 2026Q2: 4,531,792 shares 4,531,792$395M8.17%0Timeline
BHCBAUSCH HEALTH COS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 6,000,000 shares; 2024Q4: 6,000,000 shares; 2025Q1: 6,000,000 shares; 2025Q2: 6,000,000 shares; 2025Q3: 6,000,000 shares; 2025Q4: 6,000,000 shares; 2026Q1: 6,000,000 shares; 2026Q2: 6,000,000 shares 6,000,000$29.6M0.61%0Timeline
KRSPRICE ACQUISITION CORP 3Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 2,400,000 shares; 2026Q1: 2,400,000 shares; 2026Q2: 2,400,000 shares 2,400,000$25.2M0.52%0Timeline
IEIVANHOE ELECTRIC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 2,553,191 shares; 2024Q4: 2,553,191 shares; 2025Q1: 2,553,191 shares; 2025Q2: 2,553,191 shares; 2025Q3: 2,553,191 shares; 2025Q4: 2,553,191 shares; 2026Q1: 2,553,191 shares; 2026Q2: 2,553,191 shares 2,553,191$24.5M0.51%0Timeline
RICE ACQUISITION CORP 3RICE ACQUISITION CORP 3Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 400,000 shares; 2026Q1: 400,000 shares; 2026Q2: 400,000 shares 400,000$396K0.01%0

Sold out in Q2 2026

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
OXY/WSOCCIDENTAL PETE CORP5,690,600$244Mshares

How Q2 2026 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0000904454-26-000440 base2026-08-12acceptance time not in the bulk data set