Equal-WT
WhaleScore 2.0
?
MFN Partners Management is based out of Boston. MFN Partners Management is a hedge fund with 1 clients and discretionary assets under management (AUM) of $7,082,829,961 (Form ADV from 2024-03-27). Their last reported 13F filing for Q2 2024 included $2,949,352,087 in managed 13F securities
and a top 10 holdings concentration of 100.0%. MFN Partners Management's largest holding is XPO Logistics Inc with shares held of 11,425,369. Whalewisdom has at least 24 13F filings, 12 13G filings, and 28 Form 4 filings
Business Description
The Investment Manager, MFN Partners Management, LP, was established in 2016 by Michael DeMichele and Farhad Nanji. The Investment Manager's advisory services involve investigating, identifying, and evaluating investment opportunities, structuring and negotiating investments on behalf of the Partnership, managing and monitoring their performance, and disposing of these investments.
The Investment Manager's strategy is to invest in securities that are undervalued, seeking to achieve this by combining investment expertise with fundamental analysis, risk consideration, intellectual honesty, and a disciplined approach. They are flexible across various asset classes, industries, and geographies. In some cases, the Investment Manager receives brokerage and research services from third parties, the costs of which are ultimately borne by the Partnership. These services include written information, analyses, news, quotations, statistics, pricing services, discussions with research personnel, and technical services and equipment.
Investment Strategy
The Partnership's investment strategy focuses on acquiring securities at a significant discount to their underlying economic value. This approach combines investment expertise with flexibility across various asset classes, industries, and geographies. The strategy emphasizes fundamental analysis, careful risk assessment, intellectual honesty, and a disciplined investment approach. The long-term preservation of capital is a paramount objective, and the Investment Manager aims to identify opportunities that offer appropriate risk/return characteristics.
The Investment Manager's advisory services encompass investigating, identifying, and evaluating investment opportunities, structuring and negotiating investments on behalf of the Partnership, managing and monitoring their performance, and ultimately disposing of such investments. The Partnership maintains a broad investment mandate, allowing for investments in a wide range of financial instruments, asset classes, and geographic regions, even those with which the Investment Manager may have limited experience.
Owners
(Subscription Required)
Known Email Addresses
(Subscription Required)
Other Contact Information
(Subscription Required)
2024-06-30
Top Buys (13F)
| Name | % Change |
|---|---|
| RXO RXO Inc | 5.67% |
| FWRD Forward Air Corp | 0.58% |
2024-06-30
Top Sells (13F)
| Name | % Change |
|---|---|
| LAD Lithia Motors Inc, C | 5.63% |
| XPO XPO Logistics Inc | 2.78% |
| LBTYK Liberty Global plc C | 2.75% |
2024-06-30
13F Holdings Summary
| Name | $ Change |
|---|---|
| XPO XPO Logistics Inc | 41.12% |
| RXO RXO Inc | 15.35% |
| PFSI PennyMac Financial S | 14.54% |
| HCA HCA Healthcare Inc | 10.61% |
| OXYWS.WI Occidental Petroleum | 7.94% |
2024-06-30
13F Activity
| Market Value | $2.95b, Prior: $3.52b |
| Inflows (Outflows) as % of Total MV | (-10.8)% |
| New Purchases | 1 stocks |
| Added To | 1 stocks |
| Sold out of | 1 stocks |
| Reduced holdings in | 2 stocks |
| Top 10 Holdings % | 100% |
| Turnover %[1] | 18.18% |
| Turnover Alt %[2] | 2.11% |
| Time Held Top 20 | 11.8 quarters |
| Time Held Top 10 | 8.3 quarters |
| Time Held All | 11.8 quarters |
[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.
[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.
2024-06-30
13F Sector Allocation Over Time
limited to past 4 quarters. Subscribe to see all available data
2024-06-30
Analysis
Top 20 equal-weighted holdings. Performance numbers calculated through 2024-06-30