# MFN Partners Management, LP: Form 13F holdings

An institutional investment manager in BOSTON, MA. SEC CIK 1732811.

- Quarter ended: 2026-06-30
- Filed: 2026-08-12
- Reported value: $4.83bn
- Positions: 9 (9 lines in the filing's table; lines for the same security and option type are added together here)
- Compared with: the 13F for the quarter ended 2026-03-31
- Filing: https://www.sec.gov/Archives/edgar/data/1732811/000090445426000440/

## Holdings

As filed, largest first. Reported value is what the manager stated at the quarter end (Jun 30, 2026), in US dollars; it is filing data, not a price. Weight is the share of the total reported value.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [XPO INC (XPO)](/companies/xpo.md) | COM | $2.03bn | 41.9% | 9,869,691 |  | Reduced −1,555,678 |
| [TALEN ENERGY CORP (TLN)](/companies/tln.md) | COM | $1.15bn | 23.8% | 3,000,000 |  | Unchanged |
| [RXO INC (RXO)](/companies/rxo.md) | COMMON STOCK | $775.6m | 16.0% | 28,109,942 |  | Unchanged |
| [QXO INC (QXO)](/companies/qxo.md) | COM NEW | $405.3m | 8.4% | 23,454,350 |  | Unchanged |
| [PENNYMAC FINL SVCS INC NEW (PFSI)](/companies/pfsi.md) | COM | $394.7m | 8.2% | 4,531,792 |  | Unchanged |
| [BAUSCH HEALTH COS INC (BHC)](/companies/bhc.md) | COM | $29.6m | 0.6% | 6,000,000 |  | Unchanged |
| RICE ACQUISITION CORP 3 | ORD SHS CL A | $25.2m | 0.5% | 2,400,000 |  | Unchanged |
| [IVANHOE ELECTRIC INC (IE)](/companies/ie.md) | COM | $24.5m | 0.5% | 2,553,191 |  | Unchanged |
| RICE ACQUISITION CORP 3 | \*W EXP 99/99/999 | $396.0k | <0.1% | 400,000 |  | Unchanged |

## Sold out

Held at the end of the quarter before and not reported this quarter.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| OCCIDENTAL PETE CORP | \*W EXP 08/03/2027 | $0 | 0.0% | 0 |  | Sold out −5,690,600 |

Source: SEC EDGAR, Form 13F-HR, accession 0000904454-26-000440. Last ingested by Listed: Oct 22, 2026, 05:26 ET. No prices; not investment advice.