MFN Partners, LP

MFN Partners Management is a Boston-based hedge fund managing over $9.1 billion in discretionary assets as of March 2025, with a concentrated portfolio of $4.25 billion in 13F securities. Its top holding is XPO Inc. The firm follows a deep-value investment strategy, targeting securities trading at substantial discounts to intrinsic value. MFN combines rigorous fundamental analysis, disciplined risk assessment, and flexibility across asset classes and geographies, with a strong focus on capital preservation and long-term value creation.

Farhad A. Nanji

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.

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Below is a list of company engagements where the filer has filed a Schedule 13D and/or engaged in a proxy campaign. As the filer does not file a Form 13F, current ownership information is not available.