MHR FUND MANAGEMENT LLC
•CIK: 1277742•Filing: Q4 2025
**MHR FUND MANAGEMENT LLC** manages $1.2B across a concentrated portfolio of 10 positions. The fund exhibits significant conviction in its top holdings, notably maintaining a substantial allocation to TSAT at $524.8M and LION at $343.7M. Further diversification is evident through sizable positions in GROW ($98.6M) and IOVA ($79.1M). This structure suggests a high-conviction, actively managed approach targeting outsized returns within select sectors.
Total AUM
$1.2B
QoQ Performance
+13.8%
Positions
10
Top 10 Concentration
100.0%
Latest Filing
Q4 2025
Top Holdings Allocation
TSAT
LION
HAFN
IOVA
TSAT45.2%
LION29.6%
HAFNIA8.5%
IOVA6.8%
APO5.0%
STRZ2.9%
PAX1.1%
GFF0.8%
📈 Biggest Buys
—
HAFNIA LTD
+7.6%
8.5% of portfolio
OPTU
OPTIMUM COMMUNICATIONS INC
+538.1%
0.2% of portfolio
📉 Biggest Sells
No reductions this quarter
Sector Breakdown
Other100.0%
Changes from Q3 2025
↑2 increased
Historical Filings
Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023