Empyrean Capital Partners, LP

Registered adviser

CIK

1317195

Location

LOS ANGELES, CA

Portfolio Value

Mid $2,821,717,345

Diversification

Diversified

Filing Date

Global Rank

#1,298 / 8,818 ▼ 114

Top Industry

Shell Companies 12.4%

Period ended 4 months ago

Filed Aug 14, 2026 · 3mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 138978

Roster of Oct 1, 2026

Regulatory AUM

$4,969,081,000

Main clients

Pooled investment vehicles (100% of AUM)

Private funds

1 fund · Hedge funds

Focus by fund count, roster of Oct 1, 2026

$4,969,081,000 gross assets

LEI

XT7SXBDUUXSXCQCDZI62

Private funds on Schedule D 7.B.(1)

As filed Mar 27, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$4,987,749,891 gross assets in 1 fund Hedge funds $4,987,749,891 (1)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Oct 2026	$4,969,081,000	Pooled investment vehicles (100%)
Apr 2025 to Mar 2026	$4,946,712,464	Pooled investment vehicles (100%)
Apr 2024 to Mar 2025	$4,987,749,891	Pooled investment vehicles (100%)
May 2023 to Mar 2024	$5,483,145,224	Pooled investment vehicles (100%)
Apr 2023	$5,483,145,224	Pooled investment vehicles (100%)
Apr 2022 to Mar 2023	$6,000,532,926	Pooled investment vehicles (100%)

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Diversified active

Top 10 weight 38.3%, 42.6 effective positions, active share 97.2% against the S&P SmallCap 600 as of 2026-06-30; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Medium turnover

73.4% over the last four quarters (30% to under 100%)

Horizon

Horizon unknown

The value-weighted holding period is at least 6.9 quarters, but 3.0% of the book was already held when coverage starts

Closest benchmark: the S&P SmallCap 600 as of 2026-06-30, active share 97.2%; sector active share 42.1% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

105 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

6.2%

+1.3 pts

Top 5

22.0%

+2.7 pts

Top 10

35.8%

+2.8 pts

HHI

217

Diversified+22

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Financial Services	24.6%	$695,047,758	28
Industrials	12.6%	$356,243,312	6
Energy	10.9%	$308,720,336	16
Communication Services	10.5%	$297,192,717	15
Technology	7.2%	$203,231,450	2
Consumer Defensive	7.0%	$197,752,202	4
Unclassified	6.8%	$192,919,015	5
Real Estate	6.6%	$185,861,840	6
Healthcare	5.0%	$141,856,149	8
Basic Materials	3.7%	$104,387,001	10
Consumer Cyclical	2.8%	$79,846,970	3
Utilities	2.1%	$58,658,595	2

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

11 positions

Ticker	Company	Δ Shares	Shares	Value
VSAT	Viasat Inc	+804,000	1,942,000	$174,411,020
BP	Bp PLC	+215,000	435,000	$16,073,250
APO	Apollo Global Management, Inc.	+211,800	540,000	$63,887,400
COF	Capital One Financial Corp	+140,000	300,000	$60,186,000
INVH	Invitation Homes Inc.	+118,000	503,000	$15,195,630
DK	Delek US Holdings, Inc.	+56,587	265,287	$13,479,232
UNP	Union Pacific Corp	+43,900	282,200	$76,758,400
CPT	Camden Property Trust	+43,000	137,000	$15,685,130
—		+22,000	80,000	$15,095,204
CTRI	Centuri Holdings, Inc.	+17,080	414,080	$12,521,779
WAT	Waters Corp	+13,500	105,500	$39,566,720
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
OPTU	Optimum Communications, Inc.	−10,539,395	14,039,012	$20,356,567
SNAP	Snap Inc	−3,200,000	2,300,000	$10,212,000
AXTA	Axalta Coating Systems Ltd.	−1,713,000	337,000	$11,532,140
ACIC	AMERICAN COASTAL INSURANCE Corp	−896,110	230,877	$2,562,734
WBD	Warner Bros. Discovery, Inc.	−799,913	1,783,087	$47,537,099
TXNM	Txnm Energy Inc	−630,000	812,554	$46,136,816
SHEL	Shell plc	−558,012	583,688	$45,259,167
STZ	Constellation Brands, Inc.	−424,902	181,298	$25,216,738
VIR	Vir Biotechnology, Inc.	−413,800	114,000	$1,161,660
NG	Novagold Resources Inc	−386,700	2,313,300	$13,810,401
VG	Venture Global, Inc.	−380,000	451,000	$5,019,630
PPTA	Perpetua Resources Corp.	−163,000	677,000	$14,054,520
AEXA	American Exceptionalism Acquisition Corp. A	−130,000	1,100,000	$13,002,000
B	Barrick Mining Corp	−117,800	550,000	$20,201,500
ECHO	EchoStar CORP	−109,000	119,000	$12,078,500
VTOL	Bristow Group Inc.	−102,500	1,067,500	$44,109,100
AER	AerCap Holdings N.V.	−100,000	900,000	$131,202,000
SBGI	Sinclair, Inc.	−100,000	944,493	$13,459,025
PSX	Phillips 66	−86,600	149,600	$25,289,880
—		−75,000	152,000	$31,166,080
CAH	Cardinal Health Inc	−63,600	184,200	$43,758,552
TDS	Telephone & Data Systems Inc	−55,000	245,000	$9,067,450
OXY	Occidental Petroleum Corp	−51,000	104,900	$5,094,993
NSC	Norfolk Southern Corp	−37,300	279,800	$88,022,282
RVMD	Revolution Medicines, Inc.	−27,000	75,400	$14,120,912
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
BXDC	Blackstone Digital Infrastructure Trust Inc.	2,985,000	$64,565,550
CCXI	Churchill Capital Corp XI	3,150,000	$54,967,500
SGI	Somnigroup International Inc.	632,000	$49,548,800
ROKU	Roku, Inc	320,000	$44,204,800
CXII	Churchill Capital Corp XII	2,700,000	$28,755,000
AESI	Atlas Energy Solutions Inc.	1,618,000	$26,874,980
WULF	Terawulf Inc.	882,000	$21,785,400
GCGR	General Catalyst Global Resilience Merger Corp.	2,000,000	$20,180,000
MTAL	Metals Acquisition Corp. II	1,980,000	$20,097,000
HONA	Honeywell Aerospace Inc.	90,001	$19,897,421
ALGT	Allegiant Travel CO	161,071	$18,941,949
FWONK	Liberty Media Corp	164,000	$15,602,960
IEAG	Infinite Eagle Acquisition Corp.	1,499,000	$15,169,880
OIM	OneIM Acquisition Corp.	1,358,140	$13,676,469
TFX	Teleflex Inc	107,000	$13,563,320
TRIP	TripAdvisor, Inc.	827,000	$11,338,170
CLBR	Colombier Acquisition Corp. III	1,000,000	$10,250,000
LION	Lionsgate Studios Corp.	494,000	$7,563,140
DVN	Devon Energy Corp	134,400	$5,553,408
TDAY	USA TODAY Co., Inc.	500,000	$4,275,000
SSMR	Sunshine Silver Mining & Refining Co	237,000	$3,133,140
INBX	Inhibrx Biosciences, Inc.	30,000	$2,842,500
PUMP	ProPetro Holding Corp.	188,500	$2,703,090
CCXIW	Churchill Capital Corp XI	350,000	$2,593,500
CC	Chemours Co	124,000	$2,544,480
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
VISN	Vistance Networks, Inc.	3,732,000	$67,922,400
CMCSA	Comcast Corp	1,345,000	$38,614,950
FOXA	Fox Corp	622,000	$36,324,800
CCXIU	Churchill Capital Corp XI	3,500,000	$35,875,000
PPLI	People Inc	820,000	$32,824,600
RIG	Transocean Ltd.	4,570,463	$30,302,169
—		4,250,000	$29,622,500
RAC	Rithm Acquisition Corp.	2,230,000	$23,192,000
NN	Nextnav Inc.	1,432,000	$22,940,640
IGV	iShares Expanded Tech-Software Sector ETF	286,000	$22,894,300
SBAC	Sba Communications Corp	102,000	$17,555,220
—		1,034,499	$17,089,923
IEAGU	Infinite Eagle Acquisition Corp.	1,499,000	$15,214,850
VSNT	Versant Media Group, Inc.	384,748	$14,243,370
OIMAU	OneIM Acquisition Corp.	1,358,140	$13,730,795
LBRT	Liberty Energy Inc.	400,000	$11,520,000
DSAC	Daedalus Special Acquisition Corp.	1,132,000	$11,218,120
GLIBK	Liberty Capital Corp	293,218	$10,910,641
HCICU	Hennessy Capital Investment Corp. VIII	1,000,000	$10,000,000
VHCPU	Vine Hill Capital Investment Corp. II	950,000	$9,500,000
CCI	Crown Castle Inc.	107,000	$8,700,170
HNRG	Hallador Energy Co	500,000	$8,140,000
—		192,000	$6,746,880
APA	APA Corp	142,000	$6,026,480
—		540,817	$5,775,926
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

105 tracked positions · $2,821,717,345 total · filing declares 122 positions · $3,026,803,175 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 105 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
VSAT	Viasat Inc Technology	Added	1,942,000	+804,000	$174,411,020	+234.6%	4	$41.43	6.18%
AER	AerCap Holdings N.V. Industrials	Reduced	900,000	-100,000	$131,202,000	−4.4%	23	$57.33	4.65%
BTI	British American Tobacco p.l.c. Consumer Defensive	Held	1,925,000	0	$118,888,000	+5.6%	5	$49.97	4.21%
MPC	Marathon Petroleum Corp Energy	Reduced	395,600	-2,500	$101,143,052	+4.0%	6	$149.57	3.58%
ENVA	Enova International, Inc. Financial Services	Reduced	391,000	-3,064	$94,125,430	+75.9%	21	$47.28	3.34%
AAMI	Acadian Asset Management Inc. Financial Services	Reduced	1,308,000	-190	$93,548,160	+31.4%	18	$23.51	3.32%
NSC	Norfolk Southern Corp Industrials	Reduced	279,800	-37,300	$88,022,282	−3.3%	4	$287.17	3.12%
UNP	Union Pacific Corp Industrials	Added	282,200	+43,900	$76,758,400	+32.8%	4	$231.44	2.72%
NMRK	Newmark Group, Inc. Real Estate	Held	4,360,150	0	$65,881,866	+0.8%	26+	before history	2.33%
SPY	Spdr S&P 500 ETF Trust PUT	Reduced	87,500	-17,500	$65,342,375	−4.3%	—	—	2.32%
BXDC	Blackstone Digital Infrastructure Trust Inc. Real Estate	NEW	2,985,000	NEW	$64,565,550	NEW	1	$21.71	2.29%
APO	Apollo Global Management, Inc. Financial Services	Added	540,000	+211,800	$63,887,400	+74.7%	2	$124.66	2.26%
COF	Capital One Financial Corp Financial Services	Added	300,000	+140,000	$60,186,000	+106.2%	5	$200.81	2.13%
CCXI	Churchill Capital Corp XI Financial Services	NEW	3,150,000	NEW	$54,967,500	NEW	1	$10.65	1.95%
IWM	iShares Russell 2000 ETF PUT	NEW	180,000	NEW	$54,081,000	NEW	—	—	1.92%
SGI	Somnigroup International Inc. Consumer Cyclical	NEW	632,000	NEW	$49,548,800	NEW	1	$73.30	1.76%
WBD	Warner Bros. Discovery, Inc. Communication Services	Reduced	1,783,087	-799,913	$47,537,099	−33.0%	3	$24.42	1.68%
TXNM	Txnm Energy Inc Utilities	Reduced	812,554	-630,000	$46,136,816	−45.3%	11	$43.13	1.64%
SHEL	Shell plc Energy	Reduced	583,688	-558,012	$45,259,167	−57.4%	9	$71.04	1.60%
ROKU	Roku, Inc Communication Services	NEW	320,000	NEW	$44,204,800	NEW	1	$121.99	1.57%
VTOL	Bristow Group Inc. Energy	Reduced	1,067,500	-102,500	$44,109,100	−19.6%	25	unpriced	1.56%
CAH	Cardinal Health Inc Healthcare	Reduced	184,200	-63,600	$43,758,552	−16.4%	6	$130.95	1.55%
BCSS	Bain Capital GSS Investment Corp. Financial Services	Held	3,990,000	0	$40,977,300	+1.6%	2	$10.15	1.45%
WAT	Waters Corp Healthcare	Added	105,500	+13,500	$39,566,720	+44.4%	2	$342.01	1.40%
ASH	Ashland Inc. Basic Materials	Held	542,000	0	$35,712,380	+18.5%	3	$52.86	1.27%
QQQ	Invesco Qqq Trust, Series 1 PUT	NEW	45,000	NEW	$33,138,000	NEW	—	—	1.17%
KVUE	Kenvue Inc. Consumer Defensive	Held	1,732,000	0	$33,098,520	+10.8%	3	$16.35	1.17%
SMH	VanEck Semiconductor ETF PUT	NEW	50,000	NEW	$32,794,500	NEW	—	—	1.16%
		Reduced	152,000	-75,000	$31,166,080	−32.7%	2	$201.87	1.10%
NNI	Nelnet Inc Financial Services	Held	231,000	0	$30,799,230	+3.4%	4	$125.09	1.09%
		Held	920,781	0	$30,625,176	−33.9%	7	$87.46	1.09%
		Held	309,000	0	$28,820,430	+20.5%	3	$88.25	1.02%
CXII	Churchill Capital Corp XII Financial Services	NEW	2,700,000	NEW	$28,755,000	NEW	1	unpriced	1.02%
		Held	2,633,582	0	$28,679,707	+2.0%	7	$10.22	1.02%
AESI	Atlas Energy Solutions Inc. Energy	NEW	1,618,000	NEW	$26,874,980	NEW	1	$16.35	0.95%
PEN	Penumbra Inc Healthcare	Held	85,000	0	$26,838,750	−3.8%	2	$338.61	0.95%
KBON	Karbon Capital Partners Corp. Financial Services	Held	2,632,752	0	$26,590,795	+0.4%	2	$10.07	0.94%
PSX	Phillips 66 Energy	Reduced	149,600	-86,600	$25,289,880	−41.2%	5	$118.48	0.90%
STZ	Constellation Brands, Inc. Consumer Defensive	Reduced	181,298	-424,902	$25,216,738	−72.3%	4	$154.02	0.89%
FVAV	Fortress Value Acquisition Corp. V Financial Services	Held	2,475,000	0	$25,022,250	+0.8%	2	$10.04	0.89%
WULF	Terawulf Inc. Financial Services	NEW	882,000	NEW	$21,785,400	NEW	1	$23.00	0.77%
UNF	Unifirst Corp Industrials	Held	81,000	0	$21,421,260	+5.1%	2	$230.66	0.76%
KMB	Kimberly Clark Corp Consumer Defensive	Held	187,200	0	$20,548,944	+13.8%	3	$109.37	0.73%
SIRI	Sirius Xm Holdings Inc. Communication Services	Held	692,775	0	$20,464,573	+28.0%	8	unpriced	0.73%
OPTU	Optimum Communications, Inc. Communication Services	Reduced	14,039,012	-10,539,395	$20,356,567	−36.3%	9	$2.44	0.72%
B	Barrick Mining Corp Basic Materials	Reduced	550,000	-117,800	$20,201,500	−25.8%	3	$37.52	0.72%
GCGR	General Catalyst Global Resilience Merger Corp. Financial Services	NEW	2,000,000	NEW	$20,180,000	NEW	1	unpriced	0.72%
MTAL	Metals Acquisition Corp. II Financial Services	NEW	1,980,000	NEW	$20,097,000	NEW	1	$10.13	0.71%
HONA	Honeywell Aerospace Inc. Industrials	NEW	90,001	NEW	$19,897,421	NEW	1	unpriced	0.71%
AMBP	Ardagh Metal Packaging S.A. Consumer Cyclical	Held	4,000,000	0	$18,960,000	+17.0%	20	$10.92	0.67%

Showing the top 50 of 105 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.