Q2 2026 13F · SEC CIK 1732811
MFN Partners Management, LP
Hedge fundFiled 2026-08-12 for Q2 2026. Open the filing ↗ · All SEC filings ↗
- Reported 13F value
- $4.8B
- Reported positions
- 9
- Top holdings a year, 3 yrs
- +20.0%
- Assets under management
- $12.4B
MFN Partners Management, LP is a hedge fund that reported 9 positions worth $4.8B in its Q2 2026 13F, filed 2026-08-12. Its largest holdings were Xpo Inc (XPO, 41.9%), Talen Energy Corp (TLN, 23.8%), Rxo Inc (RXO, 16.0%). A portfolio copying its top holdings returned 20.0% a year over the last 3 years, against 20.4% for the S&P 500.
MFN Partners Management, LP holdings all 9 positions.
Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.
| Stock | % of 13F value | Share change | Reported value |
|---|---|---|---|
| XPOXpo Inc | 41.9% | -13.6% | $2.0B |
| TLNTalen Energy Corp | 23.8% | +0.0% | $1.2B |
| RXORxo Inc | 16.0% | +0.0% | $775.6M |
| QXOQxo Inc | 8.4% | +0.0% | $405.3M |
| PFSIPennymac Finl Svcs Inc New | 8.2% | +0.0% | $394.7M |
| BHCBausch Health Cos Inc | 0.6% | +0.0% | $29.6M |
| KRSPRice Acquisition Corp 3 | 0.5% | +0.0% | $25.2M |
| IEIvanhoe Electric Inc | 0.5% | +0.0% | $24.5M |
| G7553X114Rice Acquisition Corp 3 | 0.0% | +0.0% | $396K |
What MFN Partners Management, LP bought and sold in Q2 2026, against Q1 2026.
New positions
No new positions among the largest holdings.
Added to
No position grew by more than 5%.
Reduced
- XPO Xpo Inc-13.6% shares
Sold out
- OXY-WT Occidental Pete Corpwas 5.1%
Share counts compared with the Q1 2026 13F; a split also changes share counts.
How the holdings did against the S&P 500.
- 1 year
- +19.4% /yr
- S&P 500 +20.1%
- 3 years
- +20.0% /yr
- S&P 500 +20.4%
- 5 years
- +18.4% /yr
- S&P 500 +11.6%
A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.
Reported 13F value by quarter.
| Quarter | 13F value | Positions |
|---|---|---|
| Q2 2026 | $4.8B | 9 |
| Q1 2026 | $4.8B | 10 |
| Q4 2025 | $4.7B | 9 |
| Q3 2025 | $5.0B | 9 |
| Q2 2025 | $4.7B | 9 |
| Q1 2025 | $4.3B | 10 |
| Q4 2024 | $5.1B | 11 |
| Q3 2024 | $5.1B | 12 |
| Q2 2024 | $2.9B | 10 |
| Q1 2024 | $3.5B | 10 |
| Q4 2023 | $3.1B | 12 |
| Q3 2023 | $2.9B | 12 |
Questions about MFN Partners Management, LP's portfolio
What stocks does MFN Partners Management, LP own?
MFN Partners Management, LP's latest 13F, for Q2 2026 and filed Aug 12, 2026, lists 9 positions worth $4.8B. The largest are 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% and Pennymac Finl Svcs Inc New (PFSI) at 8.2%.
What did MFN Partners Management, LP buy last quarter?
MFN Partners Management, LP opened no new positions and grew none by more than 5% among its largest holdings in Q2 2026.
What did MFN Partners Management, LP sell last quarter?
In Q2 2026, MFN Partners Management, LP sold all of Occidental Pete Corp (OXY-WT) and Xpo Inc (XPO) (-13.6% shares), compared with its Q1 2026 filing.
How has MFN Partners Management, LP's portfolio performed?
A portfolio copying MFN Partners Management, LP's 20 largest 13F holdings each quarter, from the day each filing was public, returned +20.0% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +19.4% against +20.1%. Over 5 years: +18.4% a year against +11.6%.
When is MFN Partners Management, LP's next 13F filing due?
13F filings are due 45 days after each quarter ends. MFN Partners Management, LP's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.
How much money does MFN Partners Management, LP manage?
MFN Partners Management, LP reported $12.4B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $4.8B.