MFN Partners Management, LP
Portfolio value QoQ: +1.2% 13F does not disclose cash
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 0.0% Est. buys $0 · sells $563,491,877
Median holding: 6.0 quarters Tracked Q1 2025–Q2 2026 · 75.0% still held
Performance vs S&P 500
Annualized: +45.1% · S&P 500: +28.7%
Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.
Sector breakdown
Full portfolio 9 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| XPO | $2,026,148,865 | 41.91% | 9,869,691 | $-196,656,674 | Down ×1 | ||
| TLN | $1,152,780,000 | 23.85% | 3,000,000 | $195,090,000 | |||
| RXO | $775,553,300 | 16.04% | 28,109,942 | $364,585,948 | |||
| QXO | $405,291,168 | 8.38% | 23,454,350 | $-50,192,309 | |||
| PFSI | $394,719,083 | 8.17% | 4,531,792 | $-1,359,538 | |||
| BHC | $29,580,000 | 0.61% | 6,000,000 | $-2,820,000 | |||
| KRSP | $25,200,000 | 0.52% | 2,400,000 | $456,000 | |||
| IE | $24,536,166 | 0.51% | 2,553,191 | $-5,642,552 | |||
| KRSPWS | $396,000 | 0.01% | 400,000 | $76,000 | |||
| No matches | |||||||
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| RXO | Price move only | +0 | +$364.6M |
| XPO | Trimmed | -1.6M | -$196.7M |
| TLN | Price move only | +0 | +$195.1M |
| QXO | Price move only | +0 | -$50.2M |
| IE | Price move only | +0 | -$5.6M |
| BHC | Price move only | +0 | -$2.8M |
| PFSI | Price move only | +0 | -$1.4M |
| KRSP | Price move only | +0 | +$456K |
| KRSPWS | Price move only | +0 | +$76K |
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.