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MHR FUND MANAGEMENT LLC

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13F filer, CIK 1277742, NEW YORK, NY

MHR FUND MANAGEMENT LLC reported $901,558,180 across 9 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-08-14.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001011438-25-000450

Period
2025-06-30
Reported value
$902M
Holdings
9
Top 10 weight
100%
New
2
Sold out
2

Largest buys vs the previous quarter

SecurityShares changeApprox. value
LIONnew+37,648,498$219M
STRZnew+2,863,232$46M
HAFNadded+3,865,532$19.3M
IOVAadded+4,550,000$7.83M
PAXadded+427,982$6.02M

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.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
LIONS GATE ENTMNT CORPexited-20,127,661-$178M
LIONS GATE ENTMNT CORPexited-15,105,523-$120M
APOreduced-25,000-$3.55M

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 2025

Share positions as resolved from 13F-HR 0001011438-25-000450, largest first. % of portfolio is the value over $901,558,180, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
TSATTELESAT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 18,035,092 shares; 2024Q4: 18,035,092 shares; 2025Q1: 18,035,092 shares; 2025Q2: 18,035,092 shares 18,035,092$441M48.89%0Timeline
LIONLIONSGATE STUDIOS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 37,648,498 shares 37,648,498$219M24.26%newTimeline
HAFNHAFNIA LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 7,620,781 shares; 2025Q1: 10,000,000 shares; 2025Q2: 13,865,532 shares 13,865,532$69.2M7.67%+3,865,532Timeline
APOAPOLLO GLOBAL MGMT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 679,000 shares; 2024Q4: 550,000 shares; 2025Q1: 500,000 shares; 2025Q2: 475,000 shares 475,000$67.4M7.47%-25,000Timeline
IOVAIOVANCE BIOTHERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 23,997,103 shares; 2024Q4: 24,417,103 shares; 2025Q1: 24,417,103 shares; 2025Q2: 28,967,103 shares 28,967,103$49.8M5.53%+4,550,000Timeline
STRZSTARZ ENTERTAINMENT CORP.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 2,863,232 shares 2,863,232$46M5.1%newTimeline
PAXPATRIA INVESTMENTS LIMITEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 200,000 shares; 2025Q2: 627,982 shares 627,982$8.83M0.98%+427,982Timeline
DVAXDYNAVAX TECHNOLOGIES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 44,499 shares; 2024Q4: 44,499 shares; 2025Q1: 44,499 shares; 2025Q2: 44,499 shares 44,499$441K0.05%0Timeline
OPTUOPTIMUM COMMUNICATIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 167,800 shares; 2024Q4: 167,800 shares; 2025Q1: 167,800 shares; 2025Q2: 167,800 shares 167,800$359K0.04%0Timeline

Sold out in Q2 2025

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

SecurityShares beforeValue beforeType
LIONS GATE ENTMNT CORPLIONS GATE ENTMNT CORP20,127,661$178Mshares
LIONS GATE ENTMNT CORPLIONS GATE ENTMNT CORP15,105,523$120Mshares

How Q2 2025 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 0001011438-25-000450 base2025-08-14acceptance time not in the bulk data set