Empyrean Capital Partners, LP
CIK: 0001317195Latest portfolio: $2.9B · Q4 2025
Holdings
94
Total Value
$2.9B
New Positions
29
Closed Positions
23
Top Holdings
View All 94 Holdings →| # | Stock | Shares | Value | % Portfolio | Change | Type |
|---|---|---|---|---|---|---|
| 1 | AERAERCAP HOLDINGS NV | 1,100,000 | $158.1M | 5.51% | -400,000 | |
| 2 | SHELSHELL PLC | 1,700,000 | $124.9M | 4.35% | -800,000 | |
| 3 | BMTABRITISH AMERN TOB PLC | 2,200,000 | $124.6M | 4.34% | — | |
| 4 | COFCAPITAL ONE FINL CORP | 444,000 | $107.6M | 3.75% | +136K | |
| 5 | PCGPG&E CORP | 5,900,000 | $94.8M | 3.30% | — | |
| 6 | CVSCVS HEALTH CORP | 1,160,000 | $92.1M | 3.21% | +118K | |
| 7 | UNPUNION PAC CORP | 373,800 | $86.5M | 3.01% | +42K | |
| 8 | TXNMTXNM ENERGY INC | 1,442,554 | $84.9M | 2.96% | — | |
| 9 | STZCONSTELLATION BRANDS INC | 586,700 | $80.9M | 2.82% | +136K | |
| 10 | NMRKNEWMARK GROUP INC | 4,360,150 | $75.6M | 2.63% | — | |
| 11 | MPCMARATHON PETE CORP | 436,500 | $71.0M | 2.47% | -126,000 | |
| 12 | ENVAENOVA INTL INC | 441,564 | $69.4M | 2.42% | — | |
| 13 | AXTAAXALTA COATING SYS LTD | 2,050,000 | $66.2M | 2.31% | NEW | |
| 14 | AAMIACADIAN ASSET MANAGEMENT INC | 1,404,562 | $66.0M | 2.30% | -136,546 | |
| 15 | UNHUNITEDHEALTH GROUP INC | 193,000 | $63.7M | 2.22% | NEW | |
| 16 | NSCNORFOLK SOUTHN CORP | 203,800 | $58.8M | 2.05% | +67K | |
| 17 | WBDWARNER BROS DISCOVERY INC | 2,000,000 | $57.6M | 2.01% | NEW | |
| 18 | CAHCARDINAL HEALTH INC | 247,800 | $50.9M | 1.77% | -109,600 | |
| 19 | LBRDKLIBERTY BROADBAND CORP | 920,781 | $44.7M | 1.56% | — | |
| 20 | VTOLBRISTOW GROUP INC | 1,214,599 | $44.5M | 1.55% | -61,401 | |
| 21 | OPTUOPTIMUM COMMUNICATIONS INC | 25,028,407 | $41.3M | 1.44% | +1.9M | |
| 22 | BCSSBAIN CAP GSS INVT CORP | 3,990,000 | $40.8M | 1.42% | — | |
| 23 | VSH 2.25 09/15/30VISHAY INTERTECHNOLOGY INC | 44,000,000 | $39.6M | 1.38% | +2.0M | |
| 24 | VSATVIASAT INC | 1,138,000 | $39.2M | 1.37% | — | |
| 25 | VISNCOMMSCOPE HLDG CO INC | 2,060,000 | $37.3M | 1.30% | NEW |
Quarterly Changes
New Positions
Increased Positions
| Name | Shares | Change |
|---|---|---|
| VSH 2.25 09/15/30 | 44.0M | +2.0M |
| OPTU | 25.0M | +1.9M |
| AMPH 2 03/15/29 | 16.3M | +1.3M |
| ON 0.5 03/01/29 | 25.0M | +1.0M |
| OACC | 900K | +150K |
| COF | 444K | +136K |
| STZ | 587K | +136K |
| CVS | 1.2M | +118K |
| GLIBK | 293K | +109K |
| NSC | 204K | +67K |
Decreased Positions
| Name | Shares | Change |
|---|---|---|
| BL 1 06/01/29 | 1.5M | -42500000 |
| PD 1.5 10/15/28 * | 28.5M | -4000000 |
| NG | 2.7M | -2188466 |
| ANIP 2.25 09/01/29 | 21.0M | -2000000 |
| MKSI 1.25 06/01/30 | 23.8M | -1200000 |
| SHEL | 1.7M | -800000 |
| PPTA | 1.0M | -489100 |
| AER | 1.1M | -400000 |
| SATS | 189K | -381000 |
| SIRI | 693K | -212848 |
Sector Breakdown
Financial Services0.0% ($1.0760769413660145e+74T)
Unknown0.0% ($1.2456439555313831e+66T)
Communication Services0.0% ($5.764044749412962e+48T)
Energy0.0% ($1.2491670987444785e+44T)
Healthcare0.0% ($9.205763711509222e+26T)
Basic Materials0.0% ($6.623535754317993e+23T)
Technology0.0% ($39215373473573528.0T)
Consumer Defensive0.0% ($8094131138298772.0T)
Industrials0.0% ($15813686467.6T)
Utilities0.0% ($948138.5T)
Consumer Cyclical0.0% ($164.0B)
Real Estate0.0% ($75.6M)
Filing History
| Quarter | Filing Date | Portfolio Value | Holdings |
|---|---|---|---|
| Q4 2025 | Feb 17, 2026 | $2.9B | 94 |
| Q3 2025 | Nov 14, 2025 | $2.5T | 86 |
| Q2 2025 | Aug 14, 2025 | $3.0T | 75 |
| Q1 2025 | May 15, 2025 | $2.8T | 59 |
| Q4 2024 | Feb 14, 2025 | $2.2T | 71 |
| Q3 2024 | Nov 14, 2024 | $2369.8T | 69 |
| Q2 2024 | Aug 14, 2024 | $1705.6T | 69 |
| Q1 2024 | May 15, 2024 | $1744.8T | 66 |
| Q4 2023 | Feb 14, 2024 | $1649.2T | 58 |
| Q3 2023 | Nov 14, 2023 | $1620.4T | 72 |
| Q2 2023 | Aug 14, 2023 | $2207.6T | 69 |
| Q1 2023 | May 15, 2023 | $2916.5T | 87 |
| Q4 2022 | Feb 14, 2023 | $3170.5T | 112 |
| Q3 2022 | Nov 14, 2022 | $3.2T | 128 |
| Q2 2022 | Aug 15, 2022 | $3.1T | 153 |
| Q1 2022 | May 16, 2022 | $4.5T | 197 |
| Q4 2021 | Feb 14, 2022 | $3.8T | 186 |
| Q3 2021 | Nov 15, 2021 | $4.5T | 183 |
| Q2 2021 | Aug 16, 2021 | $4.4T | 177 |
| Q1 2021 | May 17, 2021 | $3.5T | 164 |
| Q4 2020 | Feb 16, 2021 | $3.1T | 128 |
| Q3 2020 | Nov 16, 2020 | $2.5T | 81 |
| Q2 2020 | Aug 14, 2020 | $1.7T | 68 |
| Q1 2020 | May 15, 2020 | $1.5T | 65 |
| Q4 2019 | Feb 14, 2020 | $1.5T | 57 |
| Q3 2019 | Nov 14, 2019 | $1.9T | 77 |
| Q2 2019 | Aug 14, 2019 | $2.2T | 78 |
| Q1 2019 | May 15, 2019 | $2.2T | 77 |
| Q4 2018 | Feb 14, 2019 | $1.9T | 64 |
| Q3 2018 | Nov 14, 2018 | $3.2T | 77 |
| Q2 2018 | Aug 14, 2018 | $3.2T | 79 |
| Q1 2018 | May 15, 2018 | $1.9T | 64 |
| Q4 2017 | Feb 14, 2018 | $2.2T | 62 |
| Q3 2017 | Nov 14, 2017 | $2.6T | 71 |
| Q2 2017 | Aug 14, 2017 | $2.3T | 68 |
| Q1 2017 | May 15, 2017 | $2.3T | 61 |
| Q4 2016 | Feb 14, 2017 | $2.7T | 61 |
| Q3 2016 | Nov 14, 2016 | $2.0T | 69 |
| Q2 2016 | Aug 15, 2016 | $2.2T | 84 |
| Q1 2016 | May 16, 2016 | $2.4T | 84 |
Fund Information
Empyrean Capital Partners, LP is an institutional investment manager that files 13F reports with the SEC. As of the Q4 2025 filing, the fund reported a portfolio valued at $2.9B across 94 holdings. The largest position is AERCAP HOLDINGS NV (AER), representing 5.5% of the portfolio. Compared to the previous quarter, the fund opened 32 new positions and closed 24 positions. 13F filings are required quarterly disclosures that provide transparency into the holdings of institutional investment managers with at least $100 million in qualifying assets.