Mfn Partners Management, Lp
- Regulatory AUM
- $12.4B
- Discretionary
- $12.4B
- Clients
- 1
- Avg AUM / client
- $12.4B
- Accounts
- 1
- Employees
- 17
AUM over time
Annual snapshots from Form ADV filings · as of Mar 25, 2026
Investments (13F portfolio — 10 positions, $4,774,794,447)
13F period Mar 31, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Xpo Inc | COM | $2,222,805,539 | 11,425,369 | 46.6% | 17.9% |
| 2 | Talen Energy Corp | COM | $957,690,000 | 3,000,000 | 20.1% | 7.71% |
| 3 | Qxo Inc | COM NEW | $455,483,477 | 23,454,350 | 9.54% | 3.67% |
| 4 | Rxo Inc | COMMON STOCK | $410,967,352 | 28,109,942 | 8.61% | 3.31% |
| 5 | Pennymac Finl Svcs Inc New | COM | $396,078,621 | 4,531,792 | 8.3% | 3.19% |
| 6 | Occidental Pete Corp | *W EXP 08/03/2027 | $244,126,740 | 5,690,600 | 5.11% | 1.97% |
| 7 | Bausch Health Cos Inc | COM | $32,400,000 | 6,000,000 | 0.68% | 0.26% |
| 8 | Ivanhoe Electric Inc | COM | $30,178,718 | 2,553,191 | 0.63% | 0.24% |
| 9 | Rice Acquisition Corp 3 | ORD SHS CL A | $24,744,000 | 2,400,000 | 0.52% | 0.2% |
| 10 | Rice Acquisition Corp 3 | *W EXP 99/99/999 | $320,000 | 400,000 | 0.01% | 0.0% |
Top 25 of 10 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 1 | $12.4B | 100.0% |
Private funds (1)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $7.1B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Mfn Partners, Lp | Hedge Fund | Delaware | $7.1B | 98 |
People (5)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Demichele, Michael, Frank | Founder | Nov 2016 (10y) | ≈ 0% – 3.75% via Mfn Partners Management Llc | |
| Nanji, Farhad | Founder | Nov 2016 (10y) | ≈ 0% – 3.75% via Mfn Partners Management Llc | |
| Reisman, Jonathan, Paul | Chief Compliance Officer, General Counsel | Dec 2017 (9y) | Less than 5% | |
| Hart, Megan | Chief Operating Officer | Sep 2023 (3y) | Less than 5% | |
| Rives, Maureen, Mc Cabe | Chief Financial Officer | Sep 2023 (3y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Mfn Partners Management Llc | General Partner | Nov 2016 | A | Less than 5% |
Undisclosed: 0% – 50% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Demichele, Michael, Frank: 50% – 75% of Mfn Partners Management Llc × 0% – 5% direct ≈ 0% – 3.75% of the firm
- Nanji, Farhad: 50% – 75% of Mfn Partners Management Llc × 0% – 5% direct ≈ 0% – 3.75% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (1, $7.1B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Mfn Partners, Lp | Hedge Fund | $7.1B | $0 | 98 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/25/2026 | 1.26 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
Custody
Firm reports having custody of client funds or securities (Item 9.A).
No custodian data reported or mined yet.
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 25, 2026.
View current Form ADV (SEC/IAPD) ↗