Empyrean Capital Partners, LP
Reported holdings as of Q2 2026, from 31 quarterly filings.
Holdings
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| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| VIASAT INC | VSAT | $174.4M | 1,942,000 | +4.06pp | 4q | +70.7%+$72.2M | |
| AERCAP HOLDINGS NV | AER | $131.2M | 900,000 | -0.13pp | 23q | -10.0%-$14.6M | |
| BRITISH AMERN TOB PLC | BTI | $118.9M | 1,925,000 | +0.26pp | 5q | HELD | |
| MARATHON PETE CORP | MPC | $101.1M | 395,600 | +0.18pp | 6q | -0.6%-$639.2K | |
| ENOVA INTL INC | ENVA | $94.1M | 391,000 | +1.37pp | 21q | -0.8%-$737.6K | |
| ACADIAN ASSET MANAGEMENT INC | AAMI | $93.5M | 1,308,000 | +0.77pp | 18q | HELD | |
| NORFOLK SOUTHN CORP | NSC | $88.0M | 279,800 | -0.06pp | 4q | -11.8%-$11.7M | |
| UNION PAC CORP | UNP | $76.8M | 282,200 | +0.65pp | 4q | +18.4%+$11.9M | |
| NEWMARK GROUP INC | NMRK | $65.9M | 4,360,150 | +0.05pp | 26q | HELD | |
| STATE STR SPDR S&P 500 ETF T PUT | SPY | $65.3M | options only | -0.06pp | 2q | OPTIONS | |
| BLACKSTONE DIGITAL INFRASTRU | BXDC | $64.6M | 2,985,000 | - | new | NEW | |
| APOLLO GLOBAL MGMT INC | APO | $63.9M | 540,000 | +0.92pp | 2q | +64.5%+$25.1M | |
| CAPITAL ONE FINL CORP | COF | $60.2M | 300,000 | +1.04pp | 5q | +87.5%+$28.1M | |
| CHURCHILL CAP CORP XI | CCXI | $55.0M | 3,150,000 | - | new | NEW | |
| ISHARES TR PUT | IWM | $54.1M | options only | - | new | OPTIONS | |
| SOMNIGROUP INTERNATIONAL INC | SGI | $49.5M | 632,000 | - | new | NEW | |
| WARNER BROS DISCOVERY INC | WBD | $47.5M | 1,783,087 | -0.74pp | 3q | -31.0%-$21.3M | |
| TXNM ENERGY INC | TXNM | $46.1M | 812,554 | -1.22pp | 11q | -43.7%-$35.8M | |
| SHELL PLC | SHEL | $45.3M | 583,688 | -1.96pp | 9q | -48.9%-$43.3M | |
| ROKU INC | ROKU | $44.2M | 320,000 | - | new | NEW | |
| BRISTOW GROUP INC | VTOL | $44.1M | 1,067,500 | -0.33pp | 25q | -8.8%-$4.2M | |
| CARDINAL HEALTH INC | CAH | $43.8M | 184,200 | -0.26pp | 6q | -25.7%-$15.1M | |
| BAIN CAP GSS INVT CORP | BCSS | $41.0M | 3,990,000 | +0.04pp | 2q | HELD | |
| WATERS CORP | WAT | $39.6M | 105,500 | +0.42pp | 2q | +14.7%+$5.1M | |
| ASHLAND INC | ASH | $35.7M | 542,000 | +0.20pp | 3q | HELD | |
| INVESCO QQQ TR PUT | QQQ | $33.1M | options only | - | new | OPTIONS | |
| KENVUE INC | KVUE | $33.1M | 1,732,000 | +0.12pp | 3q | HELD | |
| VANECK ETF TRUST PUT | SMH | $32.8M | options only | - | new | OPTIONS | |
| ELECTRONIC ARTS INC | EA | $31.2M | 152,000 | -0.48pp | 2q | -33.0%-$15.4M | |
| NELNET INC | NNI | $30.8M | 231,000 | +0.05pp | 4q | HELD | |
| LIBERTY BROADBAND CORP | LBRDK | $30.6M | 920,781 | -0.50pp | 7q | HELD | |
| ANI Pharma 2.250 01-Sep-2029 | $29.7M | 23,000,000 | +0.04pp | 4q | DEBT | ||
| CHURCHILL CAP CORP XII | CXIIU | $29.2M | 2,700,000 | - | new | NEW | |
| QORVO INC | QRVO | $28.8M | 309,000 | +0.17pp | 3q | HELD | |
| CHURCHILL CAPITAL CORP IX | CCIX | $28.7M | 2,633,582 | +0.03pp | 7q | HELD | |
| PAGERDUTY INC | $28.0M | 29,850,000 | -0.04pp | 7q | DEBT | ||
| ATLAS ENERGY SOLUTIONS INC | AESI | $26.9M | 1,618,000 | - | new | NEW | |
| PENUMBRA INC | PEN | $26.8M | 85,000 | -0.02pp | 2q | HELD | |
| KARBON CAP PARTNERS CORP | KBON | $26.6M | 2,632,752 | +0.02pp | 2q | HELD | |
| PHILLIPS 66 | PSX | $25.3M | 149,600 | -0.57pp | 5q | -36.7%-$14.6M | |
| CONSTELLATION BRANDS INC | STZ | $25.2M | 181,298 | -2.13pp | 4q | -70.1%-$59.1M | |
| FORTRESS V | FVAV | $25.0M | 2,475,000 | +0.02pp | 2q | HELD | |
| Amphastar Pharmaceutic | $22.0M | 24,265,000 | +0.13pp | 7q | DEBT | ||
| TERAWULF INC | WULF | $21.8M | 882,000 | - | new | NEW | |
| UNIFIRST CORP MASS | UNF | $21.4M | 81,000 | +0.04pp | 2q | HELD | |
| General Catalyst Gbl Resil M Unit 04/13/2031 | GCGRU | $20.6M | 2,000,000 | - | new | NEW | |
| KIMBERLY CLARK CORP | KMB | $20.5M | 187,200 | +0.09pp | 3q | HELD | |
| SIRIUSXM HOLDINGS INC | SIRI | $20.5M | 692,775 | +0.16pp | 8q | HELD | |
| DOORDASH INC | $20.3M | 20,500,000 | - | new | DEBT | ||
| BARRICK MNG CORP | B | $20.2M | 550,000 | -0.22pp | 3q | -17.6%-$4.3M | |
| METALS ACQUISITION CORP II | MTAL | $20.1M | 1,980,000 | - | new | NEW | |
| HONEYWELL AEROSPACE INC | HONA | $19.9M | 90,001 | - | new | NEW | |
| CHEESECAKE FACTORY INC | $19.7M | 15,500,000 | +0.14pp | 2q | DEBT | ||
| ARDAGH METAL PACKAGING S A | AMBP | $19.0M | 4,000,000 | +0.10pp | 20q | HELD | |
| ALLEGIANT TRAVEL CO | ALGT | $18.9M | 161,071 | - | new | NEW | |
| CLOUDFLARE INC | $18.8M | 14,756,000 | - | new | DEBT | ||
| RIVIAN AUTOMOTIVE INC | $17.7M | 15,000,000 | - | new | DEBT | ||
| TANDEM DIABETES CARE INC 1.5 03/15/2029 144A | $17.7M | 18,500,000 | - | new | DEBT | ||
| LIBERTY BROADBAND CORP | LBRDA | $16.6M | 500,000 | -0.27pp | 5q | HELD | |
| SITIME CORP | $16.6M | 15,000,000 | - | new | DEBT | ||
| BP PLC | BP | $16.1M | 435,000 | +0.19pp | 2q | +97.7%+$7.9M | |
| CAMDEN PPTY TR | CPT | $15.7M | 137,000 | +0.22pp | 2q | +45.7%+$4.9M | |
| LIBERTY MEDIA CORP DEL | FWONK | $15.6M | 164,000 | - | new | NEW | |
| GORES HLDGS X INC | GTEN | $15.4M | 1,475,000 | +0.02pp | 4q | HELD | |
| INVITATION HOMES INC | INVH | $15.2M | 503,000 | +0.19pp | 2q | +30.6%+$3.6M | |
| Infinite Eagle Acquisition Corp | IEAG | $15.2M | 1,499,000 | - | new | NEW | |
| AVALONBAY COMMUNITIES INC | AVB | $15.1M | 80,000 | +0.19pp | 2q | +37.9%+$4.2M | |
| LIBERTY LIVE HOLDINGS INC | LLYVK | $14.2M | 134,300 | +0.06pp | 3q | HELD | |
| REVOLUTION MEDICINES INC | RVMD | $14.1M | 75,400 | +0.14pp | 2q | -26.4%-$5.1M | |
| PERPETUA RESOURCES CORP | PPTA | $14.1M | 677,000 | -0.30pp | 5q | -19.4%-$3.4M | |
| NOVAGOLD RESOURCES INC | NG | $13.8M | 2,313,300 | -0.33pp | 31q | -14.3%-$2.3M | |
| ONEIM ACQU | OIM | $13.7M | 1,358,140 | - | new | NEW | |
| TELEFLEX INCORPORATED | TFX | $13.6M | 107,000 | - | new | NEW | |
| DELEK US HLDGS INC NEW | DK | $13.5M | 265,287 | +0.14pp | 2q | +27.1%+$2.9M | |
| SINCLAIR INC | SBGI | $13.5M | 944,493 | flat | 9q | -9.6%-$1.4M | |
| AMERICAN EXCEPTIONALISM ACQU | AEXA | $13.0M | 1,100,000 | flat | 4q | -10.6%-$1.5M | |
| CENTURI HOLDINGS INC | CTRI | $12.5M | 414,080 | +0.04pp | 3q | +4.3%+$516.5K | |
| ECHOSTAR CORP | ECHO | $12.1M | 119,000 | -0.47pp | 5q | -47.8%-$11.1M | |
| AXALTA COATING SYS LTD | AXTA | $11.5M | 337,000 | -1.47pp | 3q | -83.6%-$58.6M | |
| TRIPADVISOR INC | TRIP | $11.3M | 827,000 | - | new | NEW | |
| COLOMBIER ACQUISITION CORP I | CLBR | $10.2M | 1,000,000 | - | new | NEW | |
| Snap, Inc. | SNAP | $10.2M | 2,300,000 | -0.49pp | 2q | -58.2%-$14.2M | |
| OAKTREE AC | OACC | $9.6M | 900,000 | +0.01pp | 4q | HELD | |
| APOLLO COML REAL ESTATE FIN | ARI | $9.4M | 883,751 | +0.01pp | 2q | HELD | |
| ITRON INC | $9.2M | 9,162,000 | +0.10pp | 3q | DEBT | ||
| TELEPHONE DATA SYSTEM INC | TDS | $9.1M | 245,000 | -0.11pp | 12q | -18.3%-$2.0M | |
| LIONSGATE STUDIOS CORP | LION | $7.6M | 494,000 | - | new | NEW | |
| LIBERTY LIVE HOLDINGS INC | LLYVA | $7.3M | 72,250 | +0.03pp | 3q | HELD | |
| OPTIMUM COMMUNICATIONS INC | OPTU | $6.4M | 14,039,012 | -0.83pp | 9q | -42.9%-$4.8M | |
| EQT Corp | EQT | $5.9M | 110,400 | -0.03pp | 5q | HELD | |
| ETSY INC | $5.8M | 5,000,000 | - | new | DEBT | ||
| DEVON ENERGY CORP NEW | DVN | $5.6M | 134,400 | - | new | NEW | |
| INFLEQTION INC | INFQWS | $5.2M | 762,500 | +0.06pp | 2q | HELD | |
| OCCIDENTAL PETE CORP | OXY | $5.1M | 104,900 | -0.16pp | 4q | -32.7%-$2.5M | |
| Venture Global Inc | VG | $5.0M | 451,000 | -0.26pp | 2q | -45.7%-$4.2M | |
| ALARM COM HOLDINGS INC | $4.7M | 5,000,000 | - | new | DEBT | ||
| USA TODAY CO INC | TDAY | $4.3M | 500,000 | - | new | NEW | |
| RANGE RES CORP | RRC | $3.8M | 101,300 | -0.02pp | 5q | HELD | |
| ANTERO RESOURCES CORP | AR | $3.6M | 101,400 | -0.02pp | 5q | HELD | |
| EXPAND ENERGY CORPORATION | EXE | $3.1M | 34,500 | -0.02pp | 5q | HELD | |
| Sunshine Silver Mining & Refin | SSMR | $3.1M | 237,000 | - | new | NEW | |
| INHIBRX BIOSCIENCES INC | INBX | $2.8M | 30,000 | - | new | NEW | |
| ALAMOS GOLD INC | AGI | $2.8M | 91,000 | -0.04pp | 18q | HELD | |
| PROPETRO HLDG CORP | PUMP | $2.7M | 188,500 | - | new | NEW | |
| Churchill Capital Corp XI | CCXIW | $2.6M | 350,000 | - | new | NEW | |
| AMERICAN COASTAL INS CORP | ACIC | $2.6M | 230,877 | -0.33pp | 12q | -79.5%-$9.9M | |
| CHEMOURS CO | CC | $2.5M | 124,000 | - | new | NEW | |
| UWM HOLDINGS CORPORATION | UWMC | $1.9M | 815,000 | - | new | NEW | |
| COMSTOCK RES INC | CRK | $1.8M | 118,900 | -0.02pp | 5q | HELD | |
| MGP INGREDIENTS INC NEW | $1.5M | 1,500,000 | - | new | DEBT | ||
| VIR BIOTECHNOLOGY INC | VIR | $1.2M | 114,000 | -0.12pp | 2q | -78.4%-$4.2M | |
| Metals Acquisition Corp II | MTALWS | $726.0K | 660,000 | - | new | NEW | |
| BAIN CAP GSS INVT CORP | BCSSWS | $542.6K | 798,000 | flat | 2q | HELD | |
| KARBON CAP PARTNERS CORP | KBONW | $493.6K | 658,188 | +0.01pp | 2q | HELD | |
| RARE EARTHS AMERICAS INC COMMON STOCK | REA | $458.4K | 30,000 | - | new | NEW | |
| Churchill Capital Corp IX | CCIXW | $343.2K | 440,000 | flat | 7q | HELD | |
| Infinite Eagle Acquisition C Right 01/13/2031 | IEAGR | $292.5K | 1,499,000 | - | new | NEW | |
| ONEIM ACQUISITION CORP | OIMAW | $181.1K | 226,356 | - | new | NEW | |
| INTERNATIONAL TOWER HILL MIN | THM | $179.1K | 90,000 | flat | 2q | HELD | |
| Colombier Acquisition Corp III | CLBRWS | $100.0K | 125,000 | - | new | NEW | |
| Envoy Medical Inc | COCHW | $3.7K | 75,000 | flat | 11q | HELD | |
| BENEFICIENT | BENFW | $1.0K | 100,000 | flat | 13q | HELD |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Telecom & Media | $329.0M | 10.9% |
| Energy | $277.1M | 9.2% |
| Holding & Investment | $240.5M | 7.9% |
| Transport & Logistics | $227.8M | 7.5% |
| Banks & Lending | $208.8M | 6.9% |
| Real Estate | $170.8M | 5.6% |
| Capital Markets | $157.4M | 5.2% |
| Business Services | $152.6M | 5.0% |
| Food, Drink & Tobacco | $144.1M | 4.8% |
| Industrials | $97.1M | 3.2% |
| Wholesale & Distribution | $79.5M | 2.6% |
| Funds & ETFs | $65.3M | 2.2% |
| Other sectors | $339.6M | 11.2% |
| Not classified | $537.2M | 17.7% |
What the disclosed book did
This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.
| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +3.8% | +14.8% | -11.0% | 91% |
| Q1 2026 | +2.2% | -4.6% | +6.9% | 92% |
| Q4 2025 | +3.9% | +2.4% | +1.5% | 90% |
| Q3 2025 | +6.8% | +7.8% | -1.0% | 89% |
| Q2 2025 | +2.2% | +10.5% | -8.2% | 91% |
| Q1 2025 | +2.2% | -4.6% | +6.8% | 86% |
| Q4 2024 | -0.0% | +2.1% | -2.2% | 86% |
| Q3 2024 | +5.8% | +5.4% | +0.4% | 85% |
Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $3.0B | 122 | 42 | 13 | 29 | 44 | 33.3% | 45 |
| Q1 2026 | $3.1B | 124 | 49 | 19 | 17 | 19 | 30.3% | 45 |
| Q4 2025 | $2.9B | 94 | 32 | 13 | 19 | 24 | 35.9% | 48 |
| Q3 2025 | $2.5B | 86 | 28 | 17 | 15 | 17 | 42.9% | 45 |
| Q2 2025 | $3.0B | 75 | 28 | 14 | 13 | 12 | 56.4% | 45 |
| Q1 2025 | $2.8B | 59 | 12 | 11 | 9 | 24 | 62.8% | 45 |
| Q4 2024 | $2.2B | 71 | 21 | 12 | 14 | 19 | 52.0% | 45 |
| Q3 2024 | $2.4B | 69 | 14 | 15 | 13 | 14 | 58.4% | 45 |
| Q2 2024 | $1.7B | 69 | 20 | 10 | 11 | 17 | 53.7% | 45 |
| Q1 2024 | $1.7B | 66 | 16 | 6 | 12 | 8 | 61.4% | 45 |
| Q4 2023 | $1.6B | 58 | 10 | 9 | 16 | 24 | 56.4% | 45 |
| Q3 2023 | $1.6B | 72 | 18 | 5 | 14 | 15 | 53.4% | 45 |
| Q2 2023 | $2.2B | 69 | 7 | 8 | 16 | 25 | 52.2% | 45 |
| Q1 2023 | $2.9B | 87 | 11 | 9 | 21 | 36 | 47.3% | 45 |
| Q4 2022 | $3.2B | 112 | 13 | 6 | 17 | 28 | 41.7% | 45 |
| Q3 2022 | $3.2B | 127 | 16 | 9 | 22 | 42 | 41.2% | 45 |
| Q2 2022 | $3.1B | 153 | 13 | 23 | 29 | 57 | 27.0% | 46 |
| Q1 2022 | $4.5B | 197 | 34 | 40 | 11 | 22 | 32.0% | 46 |
| Q4 2021 | $3.8B | 185 | 27 | 22 | 24 | 25 | 31.2% | 45 |
| Q3 2021 | $4.5B | 183 | 71 | 22 | 21 | 64 | 31.9% | 46 |
| Q2 2021 | $4.4B | 176 | 52 | 19 | 24 | 39 | 32.6% | 47 |
| Q1 2021 | $3.5B | 163 | 90 | 19 | 19 | 55 | 36.2% | 47 |
| Q4 2020 | $3.1B | 128 | 71 | 21 | 15 | 21 | 32.0% | 47 |
| Q3 2020 | $2.5B | 78 | 27 | 19 | 17 | 15 | 42.9% | 47 |
| Q2 2020 | $1.7B | 66 | 24 | 13 | 25 | 21 | 52.1% | 45 |
| Q1 2020 | $1.5B | 63 | 22 | 12 | 15 | 14 | 61.6% | 45 |
| Q4 2019 | $1.5B | 55 | 7 | 9 | 15 | 28 | 67.4% | 45 |
| Q3 2019 | $1.9B | 76 | 22 | 8 | 18 | 24 | 55.7% | 45 |
| Q2 2019 | $2.2B | 78 | 25 | 15 | 6 | 22 | 59.8% | 45 |
| Q1 2019 | $2.2B | 75 | 32 | 10 | 10 | 20 | 61.7% | 45 |
| Q4 2018 | $1.9B | 63 | 0 | 0 | 0 | 0 | 69.0% | 45 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.