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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
-0.09%
1 Year Est. Return
+72.29%
3 Year Est. Return
+200.41%
5 Year Est. Return
+244.77%
10 Year Est. Return
–
AUM
$5.07B
AUM Growth
+$2.12B
Cap. Flow
+$2.48B
Cap. Flow %
48.81%
Top 10 Hldgs %
99.57%
Holding
13
New
3
Increased
2
Reduced
–
Closed
1

Top Buys

Rank Stock Value
1
QXO
QXO Inc
QXO
+$1.57B
2
TLN
Talen Energy Corp
TLN
+$423M
3
CNX icon
CNX Resources
CNX
+$404M
4
RXO icon
RXO
RXO
+$290M
5
FWRD icon
Forward Air
FWRD
+$10.9M

Top Sells

Rank Stock Value
1
LAD icon
Lithia Motors
LAD
+$225M

Sector Composition

Rank Sector Weight
1 Industrials 57.1%
2 Utilities 10.54%
3 Financials 10.18%
4 Energy 9.63%
5 Healthcare 8.78%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
XPO icon
1
XPO
XPO
$23.4B
$1.23B 24.22%
11,425,369
– –
QXO
2
QXO Inc
QXO
$13.9B
$850M 16.76%
+53,908,701
New +$1.57B
RXO icon
3
RXO
RXO
$3.68B
$772M 15.22%
27,577,666
+10,266,810
+59% +$290M
TLN
4
Talen Energy Corp
TLN
$15.1B
$535M 10.54%
+3,000,000
New +$423M
PFSI icon
5
PennyMac Financial
PFSI
$4.47B
$516M 10.18%
4,531,792
– –
CNX icon
6
CNX Resources
CNX
$4.91B
$489M 9.63%
+15,000,000
New +$404M
HCA icon
7
HCA Healthcare
HCA
$90.6B
$396M 7.8%
973,898
– –
OXY.WS icon
8
Occidental Petroleum Corp Warrants
OXY.WS
$32.1B
$169M 3.33%
5,690,600
– –
BHC icon
9
Bausch Health
BHC
$1.75B
$49M 0.97%
6,000,000
– –
FWRD icon
10
Forward Air
FWRD
$461M
$45.6M 0.9%
1,289,358
+385,581
+43% +$10.9M
IE icon
11
Ivanhoe Electric
IE
$1.38B
$21.6M 0.43%
2,553,191
– –
CYCN icon
12
Cyclerion Therapeutics
CYCN
$15.2M
$437K 0.01%
169,460
– –
LAD icon
13
Lithia Motors
LAD
$9.75B
– –
-890,000
Closed -$225M

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MFN Partners's Q3 2024 Portfolio in Review

As of Q3 2024, MFN Partners held 13 positions worth $5.07B, up 72% from $2.95B the previous quarter. Its ten largest holdings account for 100% of the portfolio.

MFN Partners deployed $2.48B of net new capital in Q3 2024, opening 3 new positions and adding to 2 existing holdings. Its largest new stake was QXO Inc: 53,908,701 shares worth $850M.

By sector, the portfolio is most concentrated in Industrials at 57% of assets, up from 57% a quarter earlier, followed by Utilities and Financials.

On the sell side, the most notable exit was Lithia Motors, an estimated $225M sold.

  • MFN Partners's largest Q3 2024 buy was QXO Inc: 53,908,701 shares worth $850M.
  • MFN Partners added most to RXO in Q3 2024, an estimated $290M increase.
  • MFN Partners fully exited Lithia Motors in Q3 2024, selling an estimated $225M.
  • MFN Partners's ten largest holdings make up 100% of its $5.07B portfolio in Q3 2024.
  • MFN Partners opened 3 new positions and closed 1 in Q3 2024.
  • MFN Partners's portfolio value rose 72% quarter-over-quarter to $5.07B.

Based on MFN Partners's 13F filing for Q3 2024, filed 13 Nov 2024.