2026 Q1 Portfolio Activity
In 2026 Q1, MFN Partners Management, LP maintained a portfolio of 11 distinct positions. The most significant new addition was RICE ACQUISITION CORP 3, now representing 0.52% of the total fund value. Conversely, MFN Partners Management, LP completely exited their position in CNX RES CORP.
Position History
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Total Positions
11
Quarter
2026 Q1
Top Holding
XPO (46.6%)
Top 10 Concentration
100.0%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-11 of 11
MFN Partners Management, LP Full Holdings List — 2026 Q1
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
XPO
XPO INC
|
Industrials | 46.55% | 32.99% |
#1
Prev: #1
|
7.0 |
—
|
no change | no change |
P
S
|
11,425,369 | $2,222,805,539 | 2018 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
TLN
TALEN ENERGY CO...
|
Utilities | 20.06% | 23.89% |
#2
Prev: #2
|
6.5 |
—
|
no change | no change |
P
S
|
3,000,000 | $957,690,000 | 2024 Q3 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
QXO
QXO INC
|
Industrials | 9.54% | 12.41% |
#3
1
Prev: #4
|
4.8 |
—
|
-6,822,976 | -22.5% |
P
S
|
23,454,350 | $455,483,477 | 2024 Q3 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
RXO
RXO INC
|
Industrials | 8.61% | 7.41% |
#4
1
Prev: #5
|
4.4 |
—
|
532,276 | 1.9% |
P
S
|
28,109,942 | $410,967,352 | 2022 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
PFSI
PENNYMAC FINL S...
|
Financial Services | 8.30% | 12.69% |
#5
2
Prev: #3
|
4.8 |
—
|
no change | no change |
P
S
|
4,531,792 | $396,078,621 | 2021 Q1 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
OXY/WS
OCCIDENTAL PETE...
|
Unknown | 5.11% | 2.33% |
#6
1
Prev: #7
|
3.0 |
—
|
no change | no change |
P
S
|
5,690,600 | $244,126,740 | 2020 Q3 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
BHC
BAUSCH HEALTH C...
|
Healthcare | 0.68% | 0.89% |
#7
1
Prev: #8
|
1.3 |
—
|
no change | no change |
P
S
|
6,000,000 | $32,400,000 | 2022 Q3 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
IE
IVANHOE ELECTRI...
|
Basic Materials | 0.63% | 0.87% |
#8
1
Prev: #9
|
1.3 |
—
|
no change | no change |
P
S
|
2,553,191 | $30,178,718 | 2022 Q2 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
N/A
RICE ACQUISITIO...
|
|
Unknown | 0.52% | — |
#9
Prev: #—
|
3.7 |
—
|
2,400,000 | — |
NEW
|
2,400,000 | $24,744,000 | — | 13F Filing | 2026-03-31 | 2026-05-14 | ||
|
N/A
RICE ACQUISITIO...
|
|
Unknown | 0.01% | — |
#10
Prev: #—
|
3.5 |
—
|
400,000 | — |
NEW
|
400,000 | $320,000 | — | 13F Filing | 2026-03-31 | 2026-05-14 | ||
|
CNX
CNX RES CORP
|
Energy | 0.00% | 6.52% |
Sold All 😨
(Was: #6) |
0.0 |
—
|
-8,350,000 | -100.0% |
CLOSED
|
— | $— | 2024 Q3 | 13F Filing | 2026-03-31 | 2026-05-14 |
Showing 1-11 of 11 holdings