MHR FUND MANAGEMENT LLC Long-Term Concentrated

CIK: 0001277742 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $1,161,921 (100.0% shares, 0.0% debt)

Holdings (10)

Increased Positions (2)

HAFN HAFNIA LTD 8.5%

Value ($000) $98,587 (-4.2%) Shares 18,496,652 (+7.6%) Est. Cost $5.34 Unrealized +11.6%

OPTU OPTIMUM COMMUNICATIONS INC 0.2%

Value ($000) $1,767 (+336.9%) Shares 1,070,800 (+538.1%) Est. Cost $6.28 Unrealized -67.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
HAFN	HAFNIA LTD	18,496,652 (+7.6%)	$98,587 (-4.2%)	8.5%	$5.34	+11.6%	SHS	Y2990R101
OPTU	OPTIMUM COMMUNICATIONS INC	1,070,800 (+538.1%)	$1,767 (+336.9%)	0.2%	$6.28	-67.6%	CL A	02156K103

Unchanged Positions (8)

LION LIONSGATE STUDIOS CORP 29.6%

Value ($000) $343,731 Shares 37,648,498 Est. Cost $6.69 Unrealized +6.3%

TSAT TELESAT CORP 45.2%

Value ($000) $524,821 Shares 18,035,092 Est. Cost $40.01 Unrealized -27.3%

IOVA IOVANCE BIOTHERAPEUTICS INC 6.8%

Value ($000) $79,080 Shares 28,967,103 Est. Cost $7.17 Unrealized -67.7%

STRZ STARZ ENTERTAINMENT CORP. 2.9%

Value ($000) $33,500 Shares 2,863,232 Est. Cost $15.84 Unrealized -27.6%

APO APOLLO GLOBAL MGMT INC 5.0%

Value ($000) $57,832 Shares 399,505 Est. Cost $50.83 Unrealized +160.8%

PAX PATRIA INVESTMENTS LIMITED 1.1%

Value ($000) $12,712 Shares 800,000 Est. Cost $11.88 Unrealized +24.1%

GFF GRIFFON CORP 0.8%

Value ($000) $9,206 Shares 125,000 Est. Cost $76.76 Unrealized -3.3%

— DYNAVAX TECHNOLOGIES CORP 0.1%

Value ($000) $684 Shares 44,499 Est. Cost $23.42 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LION	LIONSGATE STUDIOS CORP	37,648,498	$343,731	29.6%	$6.69	+6.3%	COM	53626N102
TSAT	TELESAT CORP	18,035,092	$524,821	45.2%	$40.01	-27.3%	CL A & CL B SHS	879512309
IOVA	IOVANCE BIOTHERAPEUTICS INC	28,967,103	$79,080	6.8%	$7.17	-67.7%	COM	462260100
STRZ	STARZ ENTERTAINMENT CORP.	2,863,232	$33,500	2.9%	$15.84	-27.6%	COM	855919106
APO	APOLLO GLOBAL MGMT INC	399,505	$57,832	5.0%	$50.83	+160.8%	COM	03769M106
PAX	PATRIA INVESTMENTS LIMITED	800,000	$12,712	1.1%	$11.88	+24.1%	COM CL A	G69451105
GFF	GRIFFON CORP	125,000	$9,206	0.8%	$76.76	-3.3%	COM	398433102
—	DYNAVAX TECHNOLOGIES CORP	44,499	$684	0.1%	$23.42	—	COM NEW	268158201