MFN Partners Management, LP
•CIK: 1732811•Filing: Q4 2025
MFN Partners Management, LP, led by the seasoned investor Michael F. Novogratz, currently manages $4.7 billion in assets, with a concentrated portfolio heavily weighted in energy and infrastructure, notably XPO Logistics and TLN Energy. Recently, the fund cut its position in Occidental Petroleum by 24% while adding 27% to Ironshore, reflecting a strategic pivot towards insurance and reinsurance sectors amid volatile energy markets.
Total AUM
$4.7B
QoQ Performance
-5.0%
Positions
9
Top 10 Concentration
100.0%
Latest Filing
Q4 2025
Top Holdings Allocation
XPO
TLN
PFSI
QXO
RXO
CNX
XPO33.0%
TLN23.9%
PFSI12.7%
QXO12.4%
RXO7.4%
CNX6.5%
OXY/WS2.3%
BHC0.9%
📈 Biggest Buys
No new positions or increases this quarter
📉 Biggest Sells
QXO
QXO INC
-20.8%
12.4% of portfolio
Sector Breakdown
Other100.0%
Changes from Q3 2025
↓1 decreased
Historical Filings
Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023