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MFN Partners Management, LP (auto-surfaced)

cloneable · 31-DEC-2025 → 31-MAR-2026

AUM $4,774,794,447 · 10 positions · top-10 100.0% · SEC filing history →

13FScore 82/100 — cloning their disclosed top holdings over ~4.7y returned +20%/yr vs S&P +10%/yr (alpha +10%/yr), ahead of the market in 63% of quarters. Cloneable 13F equity book only — excludes hedges/shorts/non-US.

New positions

Issuer% bookValueSince entryConvictionBusinessTags
none

Added to (≥+25% shares)

Issuer% bookΔ sharesSince addConvictionBusinessTags
none

Top holdings now

Issuer% bookSince entryBusinessTags
$XPO · XPO INC46.6%+319% ≥Q2 '21XPO is a freight transportation provider focused on less-than-truckload (LTL) trucking, moving palletized freight across North America.
$TLN · TALEN ENERGY CORP20.1%+109% Q3 '24Talen Energy is an independent power producer that owns and operates nuclear and natural-gas generation assets and supplies wholesale electricity, including to data centers.NASDAQ
$QXO · QXO INC9.5%-9% Q3 '24QXO is a technology-focused distributor of building products, pursuing a roll-up strategy to consolidate the construction supply distribution market.
$RXO · RXO INC8.6%+70% Q4 '22Asset-light freight brokerage
$PFSI · PENNYMAC FINL SVCS INC NEW8.3%+38% ≥Q2 '21PennyMac Financial Services originates, acquires, and services residential mortgage loans in the United States for consumers and through correspondent and broker channels.
$OXY.WS · OCCIDENTAL PETE CORP5.1%+134% ≥Q2 '21Occidental Petroleum is an oil and gas exploration and production company with operations in the US, Middle East, and Latin America, plus chemical and carbon-management businesses.
$BHC · BAUSCH HEALTH COS INC0.7%-30% Q3 '22Bausch Health develops and markets branded pharmaceuticals, eye-care products, and medical devices across gastroenterology, dermatology, and other therapeutic areas.
$IE · IVANHOE ELECTRIC INC0.6%-7% Q2 '22A mineral-exploration and development company that uses proprietary geophysical technology to discover copper and other electrification metals, primarily in the United States.
$KRSP · RICE ACQUISITION CORP 30.5%+2% Q4 '25A special-purpose acquisition company (SPAC) — a blank-check entity that raised capital through an IPO to merge with and take a private company public, focused on energy transition targets.
$KRSP · RICE ACQUISITION CORP 30.0%+2% Q4 '25A special-purpose acquisition company (SPAC) — a blank-check entity that raised capital through an IPO to merge with and take a private company public, focused on energy transition targets.

Since entry / add = price change to the latest close (31-MAR-2026 book marked to market). Top holdings measure from the quarter-end when the name first entered the filer's disclosed top holdings (tagged e.g. Q1 '26); new & added positions measure from this quarter's quarter-end. Based on disclosed 13F snapshots — an approximation of entry, not the manager's actual cost basis. Generated 2026-07-20 · Alpha-Investor tracker