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MFN Partners Management

SEC-registered adviser since 2018Boston, MACRD 291755

1
Clients
7
Advisory staff

From Form ADV filed 25 March 2026 · data retrieved 15 October 2026SEC record

MFN Partners Management is an investment adviser headquartered in Boston, Massachusetts, and registered with the SEC since 2018. Its clients include pooled investment vehicles.

Its services include portfolio management for pooled vehicles. Fee arrangements include a percentage of assets under management and performance-based fees. Michael Demichele owns 25% to 50% of MFN Partners Management.

Clients

MFN Partners Management serves 1 clients. The average client has about $12.4 billion with the firm.

Regulatory assets by client type
  • Pooled investment vehicles1 clients100%
Show client breakdown
Pooled investment vehicles
Clients
1
Regulatory AUM
$12,421,438,732
Share
100.0%
Avg. per client
$12.42B

Total

Clients
1
Regulatory AUM
$12,421,438,732
Share
100%
Avg. per client
$12.42B

What it does

MFN Partners Management provides portfolio management for pooled vehicles. It is paid through a percentage of assets and performance-based fees.

MFN Partners Management advises 1 private funds.

100.0% of assets ($12.42B across 1 account) are managed with discretion. 0% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.

Custodians

MFN Partners Management has custody of $12.42B for 1 clients.

Managed account assets by custodian
  • All other custodians$12.42B100%

Ownership and leadership

Michael Demichele owns 25% to 50% of MFN Partners Management.

Who owns the firm
MFN Partners Management, LP· the adviser
  • Michael Demichele

    Control person · since November 2016

    Owns 25% to 50% of MFN Partners Management, LP
  • Farhad Nanji

    Control person · since November 2016

    Owns 25% to 50% of MFN Partners Management, LP

Leadership

  • Maureen Rives
    Chief Financial Officer
  • Megan Hart
    Chief Operating Officer
  • Jonathan Reisman
    Chief Compliance Officer, General Counsel
  • Michael Demichele
    Founder
  • Farhad Nanji
    Founder

Staff

  • 17 employees
  • 7 in advisory functions

Reported holdings

MFN Partners Management’s reported 13F holdings total $4.83B across 9 positions, and the ten largest make up 100.0% of it.

$4.83B
Reported 13F value
9
Positions
100.0%
In the 10 largest
+1.2%
Value vs. prior quarter
Ten largest positions, share of reported value
  1. Xpo Inc.41.9%
  2. Talen Energy Corp.23.8%
  3. Rxo Inc.16.0%
  4. Qxo Inc.8.4%
  5. Pennymac Finl Svcs Inc. New8.2%
  6. Bausch Health Cos Inc.0.6%
  7. Rice Acquisition Corp. 3 · Ord Shs CL A0.5%
  8. Ivanhoe Electric Inc.0.5%
  9. Rice Acquisition Corp. 3 · *w Exp 99/99/9990.0%

Together, the ten largest are 100.0% of reported value.

The 9 largest positions and quarterly changesQuarter ended 30 June 2026 · filed 12 August 2026

A 13F covers only exchange-traded long positions the firm holds with discretion, so this $4.83B is not its $12.42B in regulatory assets and does not represent any individual client's portfolio.

Fees

MFN Partners Management is paid through a percentage of assets under management and performance-based fees.

MFN Partners Management’s fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, MFN Partners Management has 0 offices, with 1 listed address in 1 state.

Listed office addresses by state

Massachusetts · 1 listed address

  • 222 Berkeley Street, 13th Floor, BostonHQ

Registration details

Legal name
MFN Partners Management, LP
Headquarters
222 Berkeley Street, 13th Floor, Boston, MA 02116
Website
Not reported
SEC file
801-112441
Structure
Delaware limited partnership
Fiscal year end
December

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Common questions

How many clients does MFN Partners Management have?

MFN Partners Management has 1 clients and manages $12.4 billion for them, as of March 2026.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 25 March 2026

What services does MFN Partners Management offer?

MFN Partners Management provides portfolio management for pooled vehicles.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

How many financial advisors does MFN Partners Management have?

MFN Partners Management has 0 investment adviser representatives registered with state securities authorities, out of 17 employees, and 7 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.

Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file

Who owns MFN Partners Management?

MFN Partners Management’s direct owners are Michael Demichele and Farhad Nanji, each holding 50% or less.

Source: Form ADV Part 1A, Schedules A and B, filed 25 March 2026

How does MFN Partners Management get paid?

MFN Partners Management is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.

Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file

Sources

  1. Form ADV Part 1A, amendment filed 25 March 2026. Items 1, 5, 9, 11 and Schedules A, B and D.
  2. IAPD firm record, CRD 291755.
  3. Form 13F-HR, filed 12 August 2026 for the quarter ended 30 June 2026.

Retrieved 15 October 2026. All are published by the SEC and may have been amended since.

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This profile is compiled from public regulatory filings and is provided for informational purposes only. Niva Wealth is not affiliated with MFN Partners Management, LP and makes no representation about the quality of its services. Figures reflect the filing dates shown and may have changed. Ownership percentages are the bands reported to the SEC, not exact figures.