MFN Partners Management, LP Diversified Active

Location: BOSTON, MA

CIK: 0001732811 · Show all filings

Period: Q1 2026 (← Previous)

Filing Date: May 14, 2026

Total Value ($000): $4,774,794 (100.0% shares, 0.0% debt)

Holdings (10)

Increased Positions (1)

RXO RXO INC 8.6%

Value ($000) $410,967 (+17.9%) Shares 28,109,942 (+1.9%) Est. Cost $22.08 Unrealized -31.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
RXO	RXO INC	28,109,942 (+1.9%)	$410,967 (+17.9%)	8.6%	$22.08	-31.7%	COMMON STOCK	74982T103

Exited Positions (1)

CNX CNX RES CORP 6.4%

Value ($000) $307,030 Shares 8,350,000 Est. Cost $26.93 Unrealized +40.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CNX	CNX RES CORP	8,350,000	$307,030	6.4%	$26.93	+40.3%	—	12653C108

Decreased Positions (1)

QXO QXO INC 9.5%

Value ($000) $455,483 (-22.0%) Shares 23,454,350 (-22.5%) Est. Cost $29.17 Unrealized -17.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
QXO	QXO INC	23,454,350 (-22.5%)	$455,483 (-22.0%)	9.5%	$29.17	-17.2%	COM NEW	82846H405

Unchanged Positions (8)

XPO XPO INC 46.6%

Value ($000) $2,222,806 Shares 11,425,369 Est. Cost $37.86 Unrealized +349.9%

PFSI PENNYMAC FINL SVCS INC NEW 8.3%

Value ($000) $396,079 Shares 4,531,792 Est. Cost $58.13 Unrealized +105.7%

TLN TALEN ENERGY CORP 20.1%

Value ($000) $957,690 Shares 3,000,000 Est. Cost $138.87 Unrealized +165.2%

OXY/WS OCCIDENTAL PETE CORP 5.1%

Value ($000) $244,127 Shares 5,690,600 Est. Cost $4.73 Unrealized —

IE IVANHOE ELECTRIC INC 0.6%

Value ($000) $30,179 Shares 2,553,191 Est. Cost $9.74 Unrealized +78.3%

BHC BAUSCH HEALTH COS INC 0.7%

Value ($000) $32,400 Shares 6,000,000 Est. Cost $6.95 Unrealized -7.7%

KRSP RICE ACQUISITION CORP 3 0.5%

Value ($000) $24,744 Shares 2,400,000 Est. Cost $10.36 Unrealized -0.0%

KRSP/WS RICE ACQUISITION CORP 3 0.0%

Value ($000) $320 Shares 400,000 Est. Cost $0.80 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
XPO	XPO INC	11,425,369	$2,222,806	46.6%	$37.86	+349.9%	COM	983793100
PFSI	PENNYMAC FINL SVCS INC NEW	4,531,792	$396,079	8.3%	$58.13	+105.7%	COM	70932M107
TLN	TALEN ENERGY CORP	3,000,000	$957,690	20.1%	$138.87	+165.2%	COM	87422Q109
OXY/WS	OCCIDENTAL PETE CORP	5,690,600	$244,127	5.1%	$4.73	—	*W EXP 08/03/2027	674599162
IE	IVANHOE ELECTRIC INC	2,553,191	$30,179	0.6%	$9.74	+78.3%	COM	46578C108
BHC	BAUSCH HEALTH COS INC	6,000,000	$32,400	0.7%	$6.95	-7.7%	COM	071734107
KRSP	RICE ACQUISITION CORP 3	2,400,000	$24,744	0.5%	$10.36	-0.0%	ORD SHS CL A	G7553X106
KRSP/WS	RICE ACQUISITION CORP 3	400,000	$320	0.0%	$0.80	—	*W EXP 99/99/999	G7553X114