Empyrean Capital Partners, LP — 13F Holdings & Portfolio
CIK 1317195 · latest 13F-HR filed 2026-05-15
Empyrean Capital Partners, LP manages $3.07B in 13F-reported U.S. long-equity assets across 124 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are AER (4.47%), BTI (3.67%), SHEL (3.46%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 48 new positions, exited 19, added to 31, and trimmed 21.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
$3.07B
Long-equity book
124
Distinct positions
2026-03-31
Filed 2026-05-15
+48 / −19 / ↑31 / ↓21
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- NORFOLK SOUTHN CORP$32.2M +54.7%
- VISTANCE NETWORKS INC$30.6M +81.9%
- MARATHON PETE CORP$26.2M +36.9%
- WARNER BROS DISCOVERY INC$13.3M +23.1%
- VIASAT INC$12.9M +32.9%
Top Trims
- CAPITAL ONE FINL CORP-$78.4M -72.9%
- UNION PAC CORP-$28.7M -33.1%
- AERCAP HOLDINGS NV-$21.0M -13.3%
- SHELL PLC-$18.7M -15.0%
- ENOVA INTL INC-$15.9M -22.9%
New Positions
- ELECTRONIC ARTS INC$46.3M
- BAIN CAP GSS INVT CORP$40.3M
- APOLLO GLOBAL MGMT INC$36.6M
- FOX CORP$36.3M
- TRANSOCEAN LTD$30.3M
Exited Positions
- PG&E CORP$94.8M
- CVS HEALTH CORP$92.1M
- UNITEDHEALTH GROUP INC$63.7M
- BAIN CAP GSS INVT CORP$40.8M
- TREEHOUSE FOODS INC$31.1M
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | AERCAP HOLDINGS NV | AER | N00985106 | $137.2M | 4.47% | 1,000,000 | SH |
| 2 | BRITISH AMERN TOB PLC | BTI | 110448107 | $112.6M | 3.67% | 1,925,000 | SH |
| 3 | SHELL PLC | SHEL | 780259305 | $106.2M | 3.46% | 1,141,700 | SH |
| 4 | MARATHON PETE CORP | MPC | 56585A102 | $97.2M | 3.17% | 398,100 | SH |
| 5 | NORFOLK SOUTHN CORP | NSC | 655844108 | $91.0M | 2.96% | 317,100 | SH |
| 6 | CONSTELLATION BRANDS INC | STZ | 21036P108 | $90.9M | 2.96% | 606,200 | SH |
| 7 | TXNM ENERGY INC | TXNM | 69349H107 | $84.3M | 2.75% | 1,442,554 | SH |
| 8 | ACADIAN ASSET MANAGEMENT INC | AAMI | 10948W103 | $71.2M | 2.32% | 1,308,190 | SH |
| 9 | WARNER BROS DISCOVERY INC | WBD | 934423104 | $70.9M | 2.31% | 2,583,000 | SH |
| 10 | STATE STR SPDR S&P 500 ETF T Put | SPY | 78462F103 | $68.3M | 2.22% | 105,000 | SH |
| 11 | VISTANCE NETWORKS INC | VISN | 20337X109 | $67.9M | 2.21% | 3,732,000 | SH |
| 12 | NEWMARK GROUP INC | NMRK | 65158N102 | $65.4M | 2.13% | 4,360,150 | SH |
| 13 | UNION PAC CORP | UNP | 907818108 | $57.8M | 1.88% | 238,300 | SH |
| 14 | AXALTA COATING SYS LTD | AXTA | G0750C108 | $56.8M | 1.85% | 2,050,000 | SH |
| 15 | BRISTOW GROUP INC | VTOL | 11040G103 | $54.9M | 1.79% | 1,170,000 | SH |
| 16 | ENOVA INTL INC | ENVA | 29357K103 | $53.5M | 1.74% | 394,064 | SH |
| 17 | CARDINAL HEALTH INC | CAH | 14149Y108 | $52.4M | 1.71% | 247,800 | SH |
| 18 | VIASAT INC | VSAT | 92552V100 | $52.1M | 1.70% | 1,138,000 | SH |
| 19 | VISHAY INTERTECHNOLOGY INC | VSH | 928298AR9 | $49.8M | 1.62% | 52,000,000 | PRN |
| 20 | LIBERTY BROADBAND CORP | LBRDK | 530307305 | $46.3M | 1.51% | 920,781 | SH |
| 21 | ELECTRONIC ARTS INC | EA | 285512109 | $46.3M | 1.51% | 227,000 | SH |
| 22 | PHILLIPS 66 | PSX | 718546104 | $43.0M | 1.40% | 236,200 | SH |
| 23 | BAIN CAP GSS INVT CORP | BCSS | G0R78B106 | $40.3M | 1.31% | 3,990,000 | SH |
| 24 | COMCAST CORP NEW | CMCSA | 20030N101 | $38.6M | 1.26% | 1,345,000 | SH |
| 25 | APOLLO GLOBAL MGMT INC | APO | 03769M106 | $36.6M | 1.19% | 328,200 | SH |
| 26 | FOX CORP | FOXA | 35137L105 | $36.3M | 1.18% | 622,000 | SH |
| 27 | CHURCHILL CAP CORP XI | CCXIU | G2131A124 | $35.9M | 1.17% | 3,500,000 | SH |
| 28 | IAC INC | IAC | 44891N208 | $32.8M | 1.07% | 820,000 | SH |
| 29 | OPTIMUM COMMUNICATIONS INC | OPTU | 02156K103 | $32.0M | 1.04% | 24,578,407 | SH |
| 30 | TRANSOCEAN LTD | RIG | H8817H100 | $30.3M | 0.99% | 4,570,463 | SH |
| 31 | ASHLAND INC | ASH | 044186104 | $30.1M | 0.98% | 542,000 | SH |
| 32 | KENVUE INC | KVUE | 49177J102 | $29.9M | 0.97% | 1,732,000 | SH |
| 33 | NELNET INC | NNI | 64031N108 | $29.8M | 0.97% | 231,000 | SH |
| 34 | MISTER CAR WASH INC | MCW | 60646V105 | $29.6M | 0.96% | 4,250,000 | SH |
| 35 | PAGERDUTY INC | PD | 69553PAD2 | $29.5M | 0.96% | 32,450,000 | PRN |
| 36 | CAPITAL ONE FINL CORP | COF | 14040H105 | $29.2M | 0.95% | 160,000 | SH |
| 37 | ANI PHARMACEUTICALS INC | ANIP | 00182CAC7 | $29.1M | 0.95% | 23,500,000 | PRN |
| 38 | CHURCHILL CAPITAL CORP IX | CCIX | G21301109 | $28.1M | 0.92% | 2,633,582 | SH |
| 39 | PENUMBRA INC | PEN | 70975L107 | $27.9M | 0.91% | 85,000 | SH |
| 40 | WATERS CORP | WAT | 941848103 | $27.4M | 0.89% | 92,000 | SH |
| 41 | BARRICK MNG CORP | B | 06849F108 | $27.2M | 0.89% | 667,800 | SH |
| 42 | ECHOSTAR CORP | SATS | 278768106 | $26.7M | 0.87% | 228,000 | SH |
| 43 | KARBON CAP PARTNERS CORP | KBON | G5225W100 | $26.5M | 0.86% | 2,632,752 | SH |
| 44 | SNAP INC | SNAP | 83304A106 | $25.3M | 0.82% | 5,500,000 | SH |
| 45 | LIBERTY BROADBAND CORP | LBRDA | 530307107 | $25.1M | 0.82% | 500,000 | SH |
| 46 | FORTRESS VALUE ACQU CORP V | FVAV | G3645T104 | $24.8M | 0.81% | 2,475,000 | SH |
| 47 | ON SEMICONDUCTOR CORP | ON | 682189AU9 | $24.5M | 0.80% | 25,000,000 | PRN |
| 48 | NOVAGOLD RESOURCES INC | NG | 66987E206 | $24.2M | 0.79% | 2,700,000 | SH |
| 49 | QORVO INC | QRVO | 74736K101 | $23.9M | 0.78% | 309,000 | SH |
| 50 | PERPETUA RESOURCES CORP | PPTA | 714266103 | $23.6M | 0.77% | 840,000 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-15 | $3.07B | 124 | 0001317195-26-000002 |
| 2025-12-31 | 2026-02-17 | $2.87B | 94 | 0001317195-26-000001 |
| 2025-09-30 | 2025-11-14 | $2.49B | 86 | 0001317195-25-000009 |