MHR Fund Management LLC

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), MHR Fund Management LLC reported 9 stock positions worth $904.4 million. Its top holding was Telesat (TSAT) at 32.8% of the portfolio, followed by Iovance Biotherapeutics (IOVA, 20.0%) and Lions Gate Entmnt (19.0%). Compared with Q3 2024, it opened 2 new positions, sold out of 2, added to 1 and reduced 1. The biggest buy was a new position in Hafnia (HAFN) and the biggest sale an exit from Titan International (TWI).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001277742
Portfolio Value
$904.4M (Q4 2024)
SEC Filing
0001011438-25-000177 ↗ filed Feb 14, 2025

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $1.0B Q1 2024 Q2 2024: $820.6M Q2 2024 Q3 2024: $917.0M Q3 2024 Q4 2024: $904.4M $904.4M Q4 2024 Q1 2025: $832.0M Q1 2025 Q2 2025: $901.6M Q2 2025 Q3 2025: $1.0B Q3 2025 Q4 2025: $1.2B Q4 2025 Q1 2026: $1.4B Q1 2026 Q2 2026: $1.9B Q2 2026

Holdings 9 stocks · $904.4M
TSAT Telesat Corp. 32.78% 18,035,092 $296.5M No change
IOVA Iovance Biotherapeutics Inc. 19.98% 24,417,103 $180.7M Add +1.8%
LIONS GATE ENTMNT CORP 19.01% 20,127,661 $171.9M No change
LGF.B Lions Gate Entertainment-B 12.61% 15,105,523 $114.0M No change
APO Apollo Global Management Inc. 10.04% 550,000 $90.8M Reduce -19.0%
HAFN Hafnia Ltd. 4.69% 7,620,781 $42.4M New
GEO The Geo Group Inc. 0.77% 250,000 $7.0M New
DVAX Dynavax Technologies Corp. 0.06% 44,499 $568K No change
OPTU Optimum Communications Inc. Class A filed as ALTICE USA INC 0.04% 167,800 $404K No change

Portfolio Sells Q3 2024 → Q4 2024
TWI Titan International Inc. Sold out 0.00% −7.10
HAFN Hafnia Ltd. Sold out 0.00% −4.49
APO Apollo Global Management Inc. Reduce -19.0% 10.04% +0.79

Portfolio Buys Q3 2024 → Q4 2024
HAFN Hafnia Ltd. New 4.69% +4.69
GEO The Geo Group Inc. New 0.77% +0.77
IOVA Iovance Biotherapeutics Inc. Add +1.8% 19.98% −4.59

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 11$1.9BTSAT, LION, HAFN, IOVA, STRZ
Q1 2026 10$1.4BTSAT, LION, HAFN, IOVA, APO
Q4 2025 10$1.2BTSAT, LION, HAFN, IOVA, APO
Q3 2025 10$1.0BTSAT, LION, HAFN, IOVA, APO
Q2 2025 9$901.6MTSAT, LION, HAFN, APO, IOVA
Q1 2025 9$832.0MTSAT, LIONS GATE ENTMNT CORP, LGF.B, IOVA, APO
Q4 2024 9$904.4MTSAT, IOVA, LIONS GATE ENTMNT CORP, LGF.B, APO
Q3 2024 9$917.0MTSAT, IOVA, LIONS GATE ENTMNT CORP, LGF.B, APO
Q2 2024 9$820.6MIOVA, LIONS GATE ENTMNT CORP, TSAT, LGF.B, APO
Q1 2024 10$1.0BIOVA, LIONS GATE ENTMNT CORP, TSAT, LGF.B, TWI