MHR Fund Management LLC
MHR Fund Management LLC is a private investment firm headquartered in New York, NY. Founded by Mark H. Rachesky, MD, the firm primarily operates as a private equity manager and investment adviser. MHR manages capital for institutional investors, focusing on value-oriented investments in distressed, turnaround, and undervalued companies, particularly in media, communications, and industrial sectors. As of 2025, the firm has approximately 22 employees and manages multi-billion dollar funds for its clients.
Investment Strategy
MHR Fund Management follows a value-oriented investment strategy with a core focus on distressed and undervalued companies, turnarounds, and special situations. The firm targets investments mainly in media, entertainment, communications, and manufacturing, employing deep fundamental research and active management through operational involvement and governance. MHR seeks to unlock value by improving company performance and strategic repositioning in its portfolio companies.
Latest 13F Filing Activity
MHR Fund Management LLC filed their most recent 13F report on Jun 30, 2025 disclosing 9 equity positions with a total 13F market value of $902M. The fund increased holdings in Lionsgate Studios Corp., Telesat Corp., Starz Entertainment Corp. among other positions. MHR Fund Management LLC reduced exposure to Lions Gate Entmnt Corp., Lions Gate Entmnt Corp., Iovance Biotherapeutics Inc. among others.
Top Holdings
Equity Positions (9)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
T TSAT | TELESAT CORP | 48.89% | $440.8M | 18,035,092 | $28.67 | $24.44 | +$101.2M |
L LION | LIONSGATE STUDIOS CORP | 24.26% | $218.7M | 37,648,498 | $5.81 | $5.81 | +$218.7M |
H HAFN | HAFNIA LTD | 7.67% | $69.2M | 13,865,532 | $5.17 | $4.99 | +$27.6M |
A APO | APOLLO GLOBAL MGMT INC | 7.47% | $67.4M | 475,000 | $48.48 | $141.87 | -$1.1M |
I IOVA | IOVANCE BIOTHERAPEUTICS INC | 5.53% | $49.8M | 28,967,103 | $6.24 | $1.72 | -$31.5M |