Empyrean Capital Partners, LP Q4 2025 Filing

Filed February 17, 2026

Portfolio Value

$2.9T

Holdings

94

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (94 positions)

#StockSharesValue% PortfolioType
1
AERAERCAP HOLDINGS NV
1,100,000$158.1B5.51%
2
SHELSHELL PLC
1,700,000$124.9B4.35%
3
BMTABRITISH AMERN TOB PLC
2,200,000$124.6B4.34%
4
COFCAPITAL ONE FINL CORP
444,000$107.6B3.75%
5
PCGPG&E CORP
5,900,000$94.8B3.30%
6
CVSCVS HEALTH CORP
1,160,000$92.1B3.21%
7
UNPUNION PAC CORP
373,800$86.5B3.01%
8
TXNMTXNM ENERGY INC
1,442,554$84.9B2.96%
9
STZCONSTELLATION BRANDS INC
586,700$80.9B2.82%
10
NMRKNEWMARK GROUP INC
4,360,150$75.6B2.63%
11
MPCMARATHON PETE CORP
436,500$71.0B2.47%
12
ENVAENOVA INTL INC
441,564$69.4B2.42%
13
AXTAAXALTA COATING SYS LTD
2,050,000$66.2B2.31%
14
AAMIACADIAN ASSET MANAGEMENT INC
1,404,562$66.0B2.30%
15
UNHUNITEDHEALTH GROUP INC
193,000$63.7B2.22%
16
NSCNORFOLK SOUTHN CORP
203,800$58.8B2.05%
17
WBDWARNER BROS DISCOVERY INC
2,000,000$57.6B2.01%
18
CAHCARDINAL HEALTH INC
247,800$50.9B1.77%
19
LBRDKLIBERTY BROADBAND CORP
920,781$44.7B1.56%
20
VTOLBRISTOW GROUP INC
1,214,599$44.5B1.55%
21
OPTUOPTIMUM COMMUNICATIONS INC
25,028,407$41.3B1.44%
22
BCSSBAIN CAP GSS INVT CORP
3,990,000$40.8B1.42%
23
VSH 2.25 09/15/30VISHAY INTERTECHNOLOGY INC
44,000,000$39.6B1.38%
24
VSATVIASAT INC
1,138,000$39.2B1.37%
25
VISNCOMMSCOPE HLDG CO INC
2,060,000$37.3B1.30%
26
BBARRICK MNG CORP
821,000$35.8B1.25%
27
CCXIUCHURCHILL CAP CORP XI
3,500,000$35.7B1.24%
28
PSXPHILLIPS 66
264,800$34.2B1.19%
29
ASHASHLAND INC
542,000$31.8B1.11%
30
KK0NEXTNAV INC
1,886,000$31.4B1.09%
31
THSTREEHOUSE FOODS INC
1,320,000$31.1B1.08%
32
NIJNELNET INC
231,000$30.7B1.07%
3323,800,000$30.4B1.06%
34
KVUEKENVUE INC
1,732,000$29.9B1.04%
35
CCIXCHURCHILL CAPITAL CORP IX
2,633,582$28.0B0.98%
36
PD 1.5 10/15/28 *PAGERDUTY INC
28,500,000$27.1B0.95%
37
KBONUKARBON CAP PARTNERS CORP
2,632,752$26.5B0.92%
38
ANIP 2.25 09/01/29ANI PHARMACEUTICALS INC
21,000,000$26.5B0.92%
39
0J7QIAC INC
677,000$26.5B0.92%
40
QRVOQORVO INC
309,000$26.1B0.91%
41
CMCSACOMCAST CORP NEW
868,700$26.0B0.90%
42
NGNOVAGOLD RES INC
2,705,100$25.2B0.88%
43
PPTAPERPETUA RESOURCES CORP
1,028,853$24.9B0.87%
44
CRLCHARLES RIV LABS INTL INC
121,500$24.2B0.84%
45
LBRDALIBERTY BROADBAND CORP
500,000$24.1B0.84%
46
ON 0.5 03/01/29ON SEMICONDUCTOR CORP
25,000,000$23.7B0.83%
47
IQVIQVIA HLDGS INC
104,650$23.6B0.82%
48
MDLZMONDELEZ INTL INC
418,000$22.5B0.78%
49
LBRTLIBERTY ENERGY INC
1,200,000$22.2B0.77%
50
SATSECHOSTAR CORP
189,000$20.5B0.72%
51
BXSLBLACKSTONE SECD LENDING FD
765,000$20.1B0.70%
52
KMBKIMBERLY-CLARK CORP
187,200$18.9B0.66%
53
AMBPARDAGH METAL PACKAGING S A
4,000,000$16.4B0.57%
54
SBGISINCLAIR INC
1,044,493$16.0B0.56%
55
GTENGORES HLDGS X INC
1,475,000$15.1B0.53%
56
AMPH 2 03/15/29AMPHASTAR PHARMACEUTICALS IN
16,265,000$15.0B0.52%
57
CTRICENTURI HOLDINGS INC
578,000$14.6B0.51%
58
RACRITHM ACQUISITION CORP
1,389,513$14.4B0.50%
59
TFXTELEFLEX INCORPORATED
118,000$14.4B0.50%
60
AEXAAMERICAN EXCEPTIONALISM ACQU
1,230,000$14.0B0.49%
61
SIRISIRIUSXM HOLDINGS INC
692,775$13.9B0.48%
62
TDSTELEPHONE & DATA SYS INC
300,000$12.3B0.43%
63
ACICAMERICAN COASTAL INS CORP
940,500$11.9B0.41%
64
DSACUDAEDALUS SPL ACQUISITION COR
1,132,000$11.4B0.40%
65
LLYVKLIBERTY LIVE HOLDINGS INC
134,300$11.2B0.39%
66
GLIBKGCI LIBERTY INC
293,218$10.9B0.38%
67
PENG 2 08/15/30PENGUIN SOLUTIONS INC
10,500,000$10.7B0.37%
68
RNAAVIDITY BIOSCIENCES INC
143,000$10.3B0.36%
69
OACCOAKTREE ACQUISITION CORP III
900,000$9.5B0.33%
70
VCICVINE HILL CAP INVTS CORP II
950,000$9.5B0.33%
71
SNCYSUN CTRY AIRLS HLDGS INC
640,000$9.2B0.32%
72
AGIALAMOS GOLD INC NEW
203,300$7.8B0.27%
73
LLYVALIBERTY LIVE HOLDINGS INC
72,250$5.9B0.21%
74
CHURCHILL CAP CORP X
762,500$5.9B0.20%
75
LADLITHIA MTRS INC
15,400$5.1B0.18%
765,000,000$5.0B0.18%
77
AEMAGNICO EAGLE MINES LTD
27,700$4.7B0.16%
78
OXYOCCIDENTAL PETE CORP
104,900$4.3B0.15%
79
CABO 0 03/15/26CABLE ONE INC
4,000,000$3.9B0.14%
80
EQTEQT CORP
71,600$3.8B0.13%
81
EXEEXPAND ENERGY CORPORATION
34,500$3.8B0.13%
82
GLIBAGCI LIBERTY INC
99,999$3.7B0.13%
83
PERCEPTIVE CAP SOLUTIONS COR
282,100$3.7B0.13%
84
RRCRANGE RES CORP
101,300$3.6B0.12%
85
ARANTERO RESOURCES CORP
101,400$3.5B0.12%
86
CEPFCANTOR EQUITY PARTNERS IV IN
300,000$3.1B0.11%
87
CTRACOTERRA ENERGY INC
115,400$3.0B0.11%
88
VCICVINE HILL CAP INVT CORP.
266,123$2.9B0.10%
89
CRKCOMSTOCK RES INC
118,900$2.8B0.10%
90
CEPFCANTOR EQUITY PARTNERS III I
250,000$2.5B0.09%
91
BL 1 06/01/29BLACKLINE INC
1,500,000$1.6B0.06%
92
CCIXCHURCHILL CAPITAL CORP IX
440,000$389.0M0.01%
93
COCHWENVOY MEDICAL INC
75,000$2.0M0.00%
94
BENFWBENEFICIENT
100,000$1.0M0.00%