Established in 2016, MFN Partners Management is a Massachusetts-based hedge fund manager founded by Michael DeMichele and Farhad Nanji, both formerly of Highfields Capital and Baupost Capital. The firm employs a value-oriented approach to its investments, leveraging a combination of deep investment expertise and flexibility across various asset classes, industries, and geographies. MFN Partners Management is committed to fundamental analysis, thoughtful risk consideration, intellectual honesty, and a disciplined investment strategy to achieve its investment goals.
Farhad A. Nanji is a Founder of MFN Partners Management LP and currently serves as an Independent Director at PennyMac Financial Services, Inc. He holds positions on the Board of Directors for both PennyMac Financial Services, Inc. and Private National Mortgage Acceptance Co. LLC. Previously, Mr. Nanji held roles as an Independent Director at PennyMac Financial Services, Inc., Managing Director at Highfields Capital Management LP, Engagement Manager at McKinsey & Co., Inc., and Associate at HighVista Strategies LLC. He earned his undergraduate degree from McGill University and an MBA from Harvard Business School.
Michael F. DeMichele currently serves as a Partner at The Baupost Group LLC. Previously, he worked as an Analyst at Thomas Weisel Partners LLC. Mr. DeMichele graduated Magna Cum Laude from Amherst College with a Bachelor of Arts in Economics and Biology, and he holds an MBA from Harvard Business School.
MFN Partners Management is a prominent hedge fund managing discretionary assets totaling $7,082,829,961, according to their Form ADV filed on March 2024. Serving one client, their latest 13F filing for Q1 2024 reported $3,523,471,787 in managed 13F securities, with a top ten holdings concentration of 100.0%. The firm's largest holding is in XPO Logistics Inc., with 12,675,369 shares held.
| Fund Name: | MFN Partners |
| Manager | Farhad A. Nanji And Michael F. Demichele |
| Portfolio Value | $2,949,352,087 |
| Change This QTR | +0.84% |
| No. | Security | Ticker | Shares | Value | Activity | % Port | History |
|---|---|---|---|---|---|---|---|
| 1. | XPO | 11,425,369 | $1,212,802,919 | -10% | 41.12% | ||
| 2. | Rxo Inc | 17,310,856 | $452,678,885 | +12% | 15.34% | ||
| 3. | PFSI | 4,531,792 | $428,707,523 | 14.53% | |||
| 4. | HCA | 973,898 | $312,893,949 | 10.6% | |||
| 5. | Occidental Petroleum CorpWARRANT EXP 08/03/2027 | OXY | 5,690,600 | $234,225,096 | 7.94% |
| Symbol | Company | Filed By | Filing Date | Filing |
|---|---|---|---|---|
| 2021-03-15 | ||||
| 2021-02-12 | ||||
| 2021-02-12 | ||||
| 2021-02-12 | ||||
| 2020-08-27 |
