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MFN Partners Portfolio holdings
AUM
$4.77B
1-Year Est. Return
72.29%
This Fund
S&P 500
This Quarter
Est. Return
+42.54%
1 Year Est. Return
+72.29%
3 Year Est. Return
+200.41%
5 Year Est. Return
+244.77%
10 Year Est. Return
–
AUM
$717M
AUM Growth
-$38.6M
(-5.1%)
Cap. Flow
-$231M
Cap. Flow
% of AUM
-32.18%
Top 10 Holdings %
Top 10 Hldgs %
99.25%
Holding
21
New
4
Increased
–
Reduced
4
Closed
10
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
WPF.U
Foley Trasimene Acquisition Corp.
WPF.U
|
+$105M |
| 2 |
CLGX
Corelogic, Inc.
CLGX
|
+$53.3M |
| 3 |
Viatris
VTRS
|
+$44.6M |
| 4 |
Fidelity National Financial
FNF
|
+$40M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$97.5M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$87.5M |
| 3 |
XPO
XPO
|
+$72M |
| 4 |
Fox Class A
FOXA
|
+$52.3M |
| 5 |
Ironwood Pharmaceuticals
IRWD
|
+$34M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 19.21% |
| 2 | Communication Services | 18.61% |
| 3 | Healthcare | 17.61% |
| 4 | Industrials | 12.48% |
| 5 | Financials | 5.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Cheniere Energy
LNG
$54.2B
| $138M | 19.21% |
2,851,860
-766,998
| -21% | -$33.5M |
|
2
Liberty Global Class C
LBTYK
$3.5B
| $134M | 18.61% |
6,206,460
-993,580
| -14% | -$19.8M |
|
|
WPF.U
3
DELISTED
Foley Trasimene Acquisition Corp.
WPF.U
| $107M | 14.87% |
+10,000,000
| New | +$105M |
|
|
4
XPO
XPO
$23.4B
| $89.6M | 12.48% |
3,352,357
-3,006,949
| -47% | -$72M |
|
|
CLGX
5
DELISTED
Corelogic, Inc.
CLGX
| $80.7M | 11.24% |
+1,200,000
| New | +$53.3M |
|
6
HCA Healthcare
HCA
$90.6B
| $54.8M | 7.64% |
565,000
| – | – |
|
|
7
Viatris
VTRS
$20.8B
| $44.2M | 6.16% |
+2,750,000
| New | +$44.6M |
|
|
8
Fidelity National Financial
FNF
$14.4B
| $42.9M | 5.98% |
+1,456,000
| New | +$40M |
|
9
Cyclerion Therapeutics
CYCN
$15.2M
| $14.3M | 2% |
121,384
| – | – |
|
10
Evolus
EOLS
$397M
| $7.53M | 1.05% |
1,420,000
| – | – |
|
11
Aclaris Therapeutics
ACRS
$715M
| $5.41M | 0.75% |
3,338,718
-661,282
| -17% | -$886K |
|
12
Booking.com
BKNG
$156B
| – | – |
-400,000
| Closed | -$21.5M |
|
|
CRESY
13
Cresud
CRESY
$806M
| – | – |
-583,395
| Closed | -$1.95M |
|
|
14
Fox Class A
FOXA
$24.8B
| – | – |
-2,211,732
| Closed | -$52.3M |
|
|
15
Alphabet (Google) Class C
GOOG
$4.11T
| – | – |
-1,504,780
| Closed | -$87.5M |
|
|
IRS
16
IRSA Inversiones y Representaciones
IRS
$1.31B
| – | – |
-158,025
| Closed | -$567K |
|
|
17
Ironwood Pharmaceuticals
IRWD
$586M
| – | – |
-3,370,000
| Closed | -$34M |
|
|
18
Meta Platforms (Facebook)
META
$1.49T
| – | – |
-584,490
| Closed | -$97.5M |
|
19
Marathon Petroleum
MPC
$90.1B
| – | – |
-1,000,000
| Closed | -$23.6M |
|
|
PXD
20
DELISTED
Pioneer Natural Resource Co.
PXD
| – | – |
-310,000
| Closed | -$21.7M |
|
|
GTT
21
DELISTED
GTT Communications, Inc.
GTT
| – | – |
-835,634
| Closed | -$6.64M |
|
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MFN Partners's Q2 2020 Portfolio in Review
As of Q2 2020, MFN Partners held 21 positions worth $717M, down 5.1% from $756M the previous quarter. Its ten largest holdings account for 99% of the portfolio.
MFN Partners withdrew a net $231M in Q2 2020, closing 10 positions and reducing 4 holdings. Its most notable exit was Meta Platforms (Facebook), an estimated $97.5M position sold in full.
By sector, the portfolio is most concentrated in Energy at 19% of assets, down from 22% a quarter earlier, followed by Communication Services and Healthcare.
Against the trend, MFN Partners opened a new position in Foley Trasimene Acquisition Corp. worth $107M.
- MFN Partners's largest Q2 2020 buy was Foley Trasimene Acquisition Corp.: 10,000,000 shares worth $107M.
- MFN Partners's biggest Q2 2020 reduction was XPO, cutting an estimated $72M.
- MFN Partners fully exited Meta Platforms (Facebook) in Q2 2020, selling an estimated $97.5M.
- MFN Partners's ten largest holdings make up 99% of its $717M portfolio in Q2 2020.
- MFN Partners opened 4 new positions and closed 10 in Q2 2020.
- MFN Partners's portfolio value fell 5.1% quarter-over-quarter to $717M.
Based on MFN Partners's 13F filing for Q2 2020, filed 13 Aug 2020.