MFN Partners Management, LP
MFN Partners Management, LP is an investment management firm headquartered in Boston, Massachusetts. Founded in 2016 by Michael DeMichele and Farhad Nanji, the firm focuses on providing advisory services to institutional clients and high-net-worth individuals. MFN Partners Management specializes in long-term, concentrated equity strategies and manages multi-billion dollar portfolios. The firm operates with a lean team, reported to be between 16 and 17 employees, with a significant proportion dedicated to investment research and portfolio management.
Investment Strategy
MFN Partners Management, LP employs a long-term, concentrated equity investing approach, typically holding a small number of high-conviction positions. The firm focuses on fundamental analysis to identify undervalued businesses with strong growth potential, often taking activist or deeply engaged roles with portfolio companies. Their strategy emphasizes capital preservation, risk-adjusted returns, and rigorous due diligence, targeting both public and private markets when opportunities align with their investment philosophy.
Top Holdings
Equity Positions (9)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
X XPO | XPO INC | 30.88% | $1.44B | 11,425,369 | $61.85 | $126.29 | +$213.8M |
Q QXO | QXO INC | 21.62% | $1.01B | 46,908,701 | $15.77 | $21.54 | +$375.3M |
T TLN | TALEN ENERGY CORP | 18.67% | $872.3M | 3,000,000 | $178.24 | $290.77 | +$273.3M |
P PFSI | PENNYMAC FINL SVCS INC NEW | 9.66% | $451.5M | 4,531,792 | $63.18 | $99.64 | -$2.1M |
R RXO | RXO INC | 9.28% | $433.5M | 27,577,666 | $22.32 | $15.72 | -$93.2M |