{"url":"https://nivawealth.com/firms/mfn-partners-management-291755","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/291755","regulatoryAum":12421438732,"crd":"291755","secFileNumber":"801-112441","legalName":"MFN Partners Management, LP","displayName":"MFN Partners Management","website":null,"founded":null,"organization":"Delaware limited partnership","fiscalYearEnd":"December","headquarters":{"street":"222 Berkeley Street, 13th Floor","city":"Boston","state":"MA","stateName":"Massachusetts","country":"United States","postalCode":"02116"},"tradeNames":[],"registration":{"secApproved":"16 February 2018","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":17,"advisory":7,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"discretionary":12421438732,"discretionaryAccounts":1,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Pooled investment vehicles","clients":1,"regulatoryAum":12421438732}],"fees":[],"feeNotes":[],"custodians":[],"custodyNote":"MFN Partners Management has custody of $12.42B for 1 clients.","otherCustodians":[],"leadership":[{"name":"Maureen Rives","title":"Chief Financial Officer","crd":"6773600"},{"name":"Megan Hart","title":"Chief Operating Officer","crd":"6899472"},{"name":"Jonathan Reisman","title":"Chief Compliance Officer, General Counsel","crd":"6895669"},{"name":"Michael Demichele","title":"Founder","crd":"2898434"},{"name":"Farhad Nanji","title":"Founder","crd":"6899463"}],"ownership":[{"label":"Michael Demichele","detail":"Founder in the 25% to 50% ownership band and a control person, since November 2016. Also a member of MFN Partners Management LLC in the 50% to 75% band and a control person, since November 2016."},{"label":"Farhad Nanji","detail":"Founder in the 25% to 50% ownership band and a control person, since November 2016. Also a member of MFN Partners Management LLC in the 50% to 75% band and a control person, since November 2016."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"officesByState":[{"state":"Massachusetts","offices":1,"addresses":[{"street":"222 Berkeley Street, 13th Floor","city":"Boston","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"617-443-2040","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees"],"activities":["Portfolio management for pooled investment vehicles (other than investment companies)"],"financialPlanningClients":null,"assetMix":[],"privateFunds":1},"sources":{"adv1FilingDate":"25 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/291755/PDF/291755.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does MFN Partners Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does MFN Partners Management offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How many financial advisors does MFN Partners Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns MFN Partners Management?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does MFN Partners Management get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":{"url":"https://nivawealth.com/firms/mfn-partners-management-291755/holdings","form":"13F-HR","periodOfReport":"2026-06-30","filedOn":"2026-08-12","filingIndexUrl":"https://www.sec.gov/Archives/edgar/data/1732811/000090445426000440/0000904454-26-000440-index.html","totalValue":4834204582,"positionCount":9,"top10Share":1,"top10":[{"issuer":"XPO INC","titleOfClass":"COM","cusip":"983793100","value":2026148865,"shares":9869691,"shareType":"SH","priorValue":2222805539,"priorShares":11425369},{"issuer":"TALEN ENERGY CORP","titleOfClass":"COM","cusip":"87422Q109","value":1152780000,"shares":3000000,"shareType":"SH","priorValue":957690000,"priorShares":3000000},{"issuer":"RXO INC","titleOfClass":"COMMON STOCK","cusip":"74982T103","value":775553300,"shares":28109942,"shareType":"SH","priorValue":410967352,"priorShares":28109942},{"issuer":"QXO INC","titleOfClass":"COM NEW","cusip":"82846H405","value":405291168,"shares":23454350,"shareType":"SH","priorValue":455483477,"priorShares":23454350},{"issuer":"PENNYMAC FINL SVCS INC NEW","titleOfClass":"COM","cusip":"70932M107","value":394719083,"shares":4531792,"shareType":"SH","priorValue":396078621,"priorShares":4531792},{"issuer":"BAUSCH HEALTH COS INC","titleOfClass":"COM","cusip":"071734107","value":29580000,"shares":6000000,"shareType":"SH","priorValue":32400000,"priorShares":6000000},{"issuer":"RICE ACQUISITION CORP 3","titleOfClass":"ORD SHS CL A","cusip":"G7553X106","value":25200000,"shares":2400000,"shareType":"SH","priorValue":24744000,"priorShares":2400000},{"issuer":"IVANHOE ELECTRIC INC","titleOfClass":"COM","cusip":"46578C108","value":24536166,"shares":2553191,"shareType":"SH","priorValue":30178718,"priorShares":2553191},{"issuer":"RICE ACQUISITION CORP 3","titleOfClass":"*W EXP 99/99/999","cusip":"G7553X114","value":396000,"shares":400000,"shareType":"SH","priorValue":320000,"priorShares":400000}],"positionsListed":9,"positions":[{"issuer":"XPO INC","titleOfClass":"COM","cusip":"983793100","value":2026148865,"shares":9869691,"shareType":"SH","priorValue":2222805539,"priorShares":11425369},{"issuer":"TALEN ENERGY CORP","titleOfClass":"COM","cusip":"87422Q109","value":1152780000,"shares":3000000,"shareType":"SH","priorValue":957690000,"priorShares":3000000},{"issuer":"RXO INC","titleOfClass":"COMMON STOCK","cusip":"74982T103","value":775553300,"shares":28109942,"shareType":"SH","priorValue":410967352,"priorShares":28109942},{"issuer":"QXO INC","titleOfClass":"COM NEW","cusip":"82846H405","value":405291168,"shares":23454350,"shareType":"SH","priorValue":455483477,"priorShares":23454350},{"issuer":"PENNYMAC FINL SVCS INC NEW","titleOfClass":"COM","cusip":"70932M107","value":394719083,"shares":4531792,"shareType":"SH","priorValue":396078621,"priorShares":4531792},{"issuer":"BAUSCH HEALTH COS INC","titleOfClass":"COM","cusip":"071734107","value":29580000,"shares":6000000,"shareType":"SH","priorValue":32400000,"priorShares":6000000},{"issuer":"RICE ACQUISITION CORP 3","titleOfClass":"ORD SHS CL A","cusip":"G7553X106","value":25200000,"shares":2400000,"shareType":"SH","priorValue":24744000,"priorShares":2400000},{"issuer":"IVANHOE ELECTRIC INC","titleOfClass":"COM","cusip":"46578C108","value":24536166,"shares":2553191,"shareType":"SH","priorValue":30178718,"priorShares":2553191},{"issuer":"RICE ACQUISITION CORP 3","titleOfClass":"*W EXP 99/99/999","cusip":"G7553X114","value":396000,"shares":400000,"shareType":"SH","priorValue":320000,"priorShares":400000}]},"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}