1y return+103.3%S&P 500 +20.9%
3y return+137.0%S&P 500 +68.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2021: $120 against $157 in the S&P 500.2
Mhr Fund Management LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| TSATTelesat Corp | $912.9M | 47.6% | |
| LIONLionsgate Studios Corp | $576.4M | 30.0% | |
| Hafnia LtdCUSIP Y2990R101 | $135.8M | 7.1% | +10.5% |
| IOVAIovance Biotherapeutics Inc | $120.5M | 6.3% | |
| STRZStarz Entertainment Corp. | $82.6M | 4.3% | |
| APOApollo Global Mgmt Inc | $47.3M | 2.5% | |
| GFFGriffon Corp | $23.3M | 1.2% | |
| Patria Investments LimitedCUSIP G69451105 | $11.0M | 0.6% | +11.1% |
| WULFTerawulf Inc | $7.4M | 0.4% | |
| OPTUOptimum Communications Inc | $1.6M | 0.1% | |
| STMStmicroelectronics N V | $562K | 0.0% | New |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| LIONLionsgate Studios Corp | June 30, 2025 | +163.5% | $576.4M |
| APOApollo Global Mgmt Inc | June 30, 2022 | +144.0% | $47.3M |
| STRZStarz Entertainment Corp. | June 30, 2025 | +79.6% | $82.6M |
| TSATTelesat Corp | December 31, 2021 | +76.6% | $912.9M |
| WULFTerawulf Inc | March 31, 2026 | +71.2% | $7.4M |
| GFFGriffon Corp | September 30, 2025 | +28.1% | $23.3M |
| Hafnia LtdCUSIP Y2990R101 | December 31, 2024 | +19.2% | $135.8M |
| Patria Investments LimitedCUSIP G69451105 | March 31, 2025 | −2.7% | $11.0M |
| IOVAIovance Biotherapeutics Inc | December 31, 2022 | −34.9% | $120.5M |
| OPTUOptimum Communications Inc | September 30, 2021 | −93.0% | $1.6M |
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +39.2% | +14.8% |
| March 31, 2026 | +16.6% | −4.6% |
| December 31, 2025 | +13.0% | +2.4% |
| September 30, 2025 | +10.8% | +7.8% |
| June 30, 2025 | +8.0% | +10.5% |
| March 31, 2025 | −7.8% | −4.6% |
| December 31, 2024 | +4.6% | +2.1% |
| September 30, 2024 | +7.2% | +5.4% |
| June 30, 2024 | −20.4% | +4.0% |
| March 31, 2024 | +6.6% | +10.0% |
| December 31, 2023 | +12.2% | +11.2% |
| September 30, 2023 | +9.6% | −3.6% |
| June 30, 2023 | −4.3% | +8.3% |
| March 31, 2023 | +27.1% | +7.0% |
| December 31, 2022 | −4.4% | +7.1% |
| September 30, 2022 | −22.0% | −5.3% |
| June 30, 2022 | −32.6% | −16.5% |
| March 31, 2022 | −16.8% | −4.9% |
| September 30, 2021 | −16.4% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Mhr Fund Management LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1277742&type=13F-HR&dateb=&owner=include&count=40CIK 1277742
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1277742/000101143826000543/Filed August 14, 2026 · accession 0001011438-26-000543