Empyrean Capital Partners, LP

CIK

1317195

Location

LOS ANGELES, CA

Portfolio Value

Mid $2,653,164,962

Diversification

Diversified

Filing Date

Global Rank

#1,015 / 8,622 ▲ 67 · as of Mar 2026

Top Industry

Shell Companies 8.0%

3Y Alpha vs SPY

-29.0%

Period ended 4 months ago

Filed May 15, 2026 · 3mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+78.0%

SPY

+67.9%

Annualised alpha

+2.4%

Max drawdown

−18.0%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 98% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

96 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

5.2%

−1.3 pts

Top 5

20.5%

−4.4 pts

Top 10

35.0%

−7.0 pts

HHI

211

Diversified−68

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Financial Services	16.6%	$439,787,801	19
Energy	16.1%	$426,679,780	19
Communication Services	15.1%	$400,710,218	15
Industrials	12.3%	$326,164,309	7
Consumer Defensive	9.5%	$251,403,614	4
Technology	6.3%	$167,520,040	5
Basic Materials	6.3%	$166,282,112	7
Real Estate	4.9%	$129,168,038	7
Healthcare	4.7%	$125,453,793	6
Utilities	3.9%	$104,068,076	3
Unclassified	2.6%	$68,285,700	1
Consumer Cyclical	1.8%	$47,641,481	3

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

14 positions

Ticker	Company	Δ Shares	Shares	Value
VISN	Vistance Networks, Inc.	+1,672,000	3,732,000	$67,922,400
RAC	Rithm Acquisition Corp.	+840,487	2,230,000	$23,192,000
WBD	Warner Bros. Discovery, Inc.	+583,000	2,583,000	$70,929,180
CMCSA	Comcast Corp	+476,300	1,345,000	$38,614,950
SNCY	Sun Country Airlines Holdings, LLC	+394,499	1,034,499	$17,089,923
VCIC	Vine Hill Capital Investment Corp.	+274,694	540,817	$5,948,987
ACIC	AMERICAN COASTAL INSURANCE Corp	+186,487	1,126,987	$12,678,603
PPLI	People Inc	+143,000	820,000	$32,824,600
NSC	Norfolk Southern Corp	+113,300	317,100	$91,007,700
CTRA	Coterra Energy Inc.	+76,600	192,000	$6,746,880
OXY	Occidental Petroleum Corp /De/	+51,000	155,900	$10,133,500
ECHO	EchoStar CORP	+39,000	228,000	$26,691,960
EQT	EQT Corp	+38,800	110,400	$7,025,856
STZ	Constellation Brands, Inc.	+19,500	606,200	$90,930,000
No positions match the current search.

Trimmed

Positions the filer reduced

18 positions

Ticker	Company	Δ Shares	Shares	Value
LBRT	Liberty Energy Inc.	−800,000	400,000	$11,520,000
SHEL	Shell plc	−558,300	1,141,700	$106,178,100
NN	Nextnav Inc.	−454,000	1,432,000	$22,940,640
OPTU	Optimum Communications, Inc.	−450,000	24,578,407	$31,951,929
COF	Capital One Financial Corp	−284,000	160,000	$29,188,800
BTI	British American Tobacco p.l.c.	−275,000	1,925,000	$112,554,750
PPTA	Perpetua Resources Corp.	−188,853	840,000	$23,620,800
CTRI	Centuri Holdings, Inc.	−181,000	397,000	$11,596,370
B	Barrick Mining Corp	−153,200	667,800	$27,239,562
UNP	Union Pacific Corp	−135,500	238,300	$57,816,346
AGI	Alamos Gold Inc	−112,300	91,000	$4,043,130
AER	AerCap Holdings N.V.	−100,000	1,000,000	$137,180,000
AAMI	Acadian Asset Management Inc.	−96,372	1,308,190	$71,191,699
ENVA	Enova International, Inc.	−47,500	394,064	$53,525,713
VTOL	Bristow Group Inc.	−44,599	1,170,000	$54,861,300
MPC	Marathon Petroleum Corp	−38,400	398,100	$97,208,058
PSX	Phillips 66	−28,600	236,200	$43,030,916
NG	Novagold Resources Inc	−5,100	2,700,000	$24,246,000
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
SPY	Spdr S&P 500 ETF Trust	105,000	$68,285,700
EA	Electronic Arts Inc.	227,000	$46,278,490
BCSS	Bain Capital GSS Investment Corp.	3,990,000	$40,346,880
APO	Apollo Global Management, Inc.	328,200	$36,568,044
FOXA	Fox Corp	622,000	$36,324,800
RIG	Transocean Ltd.	4,570,463	$30,302,169
MCW	Mister Car Wash, Inc.	4,250,000	$29,622,500
PEN	Penumbra Inc	85,000	$27,911,450
WAT	Waters Corp /De/	92,000	$27,397,600
KBON	Karbon Capital Partners Corp.	2,632,752	$26,485,485
SNAP	Snap Inc	5,500,000	$25,300,000
FVAV	Fortress Value Acquisition Corp. V	2,475,000	$24,824,250
UNF	Unifirst Corp	81,000	$20,378,790
SBAC	Sba Communications Corp	102,000	$17,555,220
VSNT	Versant Media Group, Inc.	384,748	$14,243,370
VG	Venture Global, Inc.	831,000	$13,096,560
DSAC	Daedalus Special Acquisition Corp.	1,132,000	$11,218,120
BP	Bp PLC	220,000	$10,340,000
RVMD	Revolution Medicines, Inc.	102,400	$9,958,400
INVH	Invitation Homes Inc.	385,000	$9,567,250
AVB	Avalonbay Communities Inc	58,000	$9,474,300
DK	Delek US Holdings, Inc.	208,700	$9,406,109
ARI	Apollo Commercial Real Estate Finance, Inc.	883,751	$9,332,410
CPT	Camden Property Trust	94,000	$9,180,040
CCI	Crown Castle Inc.	107,000	$8,700,170
No positions match the current search.

Sold Out

Positions the filer fully exited

10 positions

Ticker	Company	Shares	Value
PCG	PG&E Corp	5,900,000	$94,813,000
CVS	CVS HEALTH Corp	1,160,000	$92,057,600
UNH	Unitedhealth Group Inc	193,000	$63,711,230
CRL	Charles River Laboratories International, Inc.	121,500	$24,236,820
IQV	Iqvia Holdings Inc.	104,650	$23,589,156
MDLZ	Mondelez International, Inc.	418,000	$22,500,940
BXSL	Blackstone Secured Lending Fund	765,000	$20,142,450
TFX	Teleflex Inc	118,000	$14,400,720
LAD	Lithia Motors Inc	15,400	$5,117,882
AEM	Agnico Eagle Mines Ltd	27,700	$4,695,981
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

96 tracked positions · $2,653,164,962 total · filing declares 124 positions · $3,070,920,683 · as of Mar 31, 2026

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

Showing 1–50 of 96 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AER	AerCap Holdings N.V. Industrials	Reduced	1,000,000	-100,000	$137,180,000	−13.3%	5.17%
BTI	British American Tobacco p.l.c. Consumer Defensive	Reduced	1,925,000	-275,000	$112,554,750	−9.6%	4.24%
SHEL	Shell plc Energy	Reduced	1,141,700	-558,300	$106,178,100	−15.0%	4.00%
MPC	Marathon Petroleum Corp Energy	Reduced	398,100	-38,400	$97,208,058	+36.9%	3.66%
NSC	Norfolk Southern Corp Industrials	Added	317,100	+113,300	$91,007,700	+54.7%	3.43%
STZ	Constellation Brands, Inc. Consumer Defensive	Added	606,200	+19,500	$90,930,000	+12.3%	3.43%
TXNM	Txnm Energy Inc Utilities	Held	1,442,554	0	$84,331,706	−0.7%	3.18%
AAMI	Acadian Asset Management Inc. Financial Services	Reduced	1,308,190	-96,372	$71,191,699	+7.8%	2.68%
WBD	Warner Bros. Discovery, Inc. Communication Services	Added	2,583,000	+583,000	$70,929,180	+23.1%	2.67%
SPY	Spdr S&P 500 ETF Trust PUT	NEW	105,000	NEW	$68,285,700	NEW	2.57%
VISN	Vistance Networks, Inc. Technology	Added	3,732,000	+1,672,000	$67,922,400	+81.9%	2.56%
NMRK	Newmark Group, Inc. Real Estate	Held	4,360,150	0	$65,358,648	−13.6%	2.46%
UNP	Union Pacific Corp Industrials	Reduced	238,300	-135,500	$57,816,346	−33.1%	2.18%
AXTA	Axalta Coating Systems Ltd. Basic Materials	Held	2,050,000	0	$56,785,000	−14.3%	2.14%
VTOL	Bristow Group Inc. Energy	Reduced	1,170,000	-44,599	$54,861,300	+23.3%	2.07%
ENVA	Enova International, Inc. Financial Services	Reduced	394,064	-47,500	$53,525,713	−22.9%	2.02%
CAH	Cardinal Health Inc Healthcare	Held	247,800	0	$52,362,618	+2.8%	1.97%
VSAT	Viasat Inc Technology	Held	1,138,000	0	$52,120,400	+32.9%	1.96%
EA	Electronic Arts Inc. Communication Services	NEW	227,000	NEW	$46,278,490	NEW	1.74%
PSX	Phillips 66 Energy	Reduced	236,200	-28,600	$43,030,916	+25.9%	1.62%
BCSS	Bain Capital GSS Investment Corp. Financial Services	NEW	3,990,000	NEW	$40,346,880	NEW	1.52%
CMCSA	Comcast Corp Communication Services	Added	1,345,000	+476,300	$38,614,950	+48.7%	1.46%
APO	Apollo Global Management, Inc. Financial Services	NEW	328,200	NEW	$36,568,044	NEW	1.38%
FOXA	Fox Corp Communication Services	NEW	622,000	NEW	$36,324,800	NEW	1.37%
PPLI	People Inc Communication Services	Added	820,000	+143,000	$32,824,600	+24.0%	1.24%
OPTU	Optimum Communications, Inc. Communication Services	Reduced	24,578,407	-450,000	$31,951,929	−22.6%	1.20%
RIG	Transocean Ltd. Energy	NEW	4,570,463	NEW	$30,302,169	NEW	1.14%
ASH	Ashland Inc. Basic Materials	Held	542,000	0	$30,140,620	−5.2%	1.14%
KVUE	Kenvue Inc. Consumer Defensive	Held	1,732,000	0	$29,859,680	−0.1%	1.13%
NNI	Nelnet Inc Financial Services	Held	231,000	0	$29,789,760	−3.0%	1.12%
MCW	Mister Car Wash, Inc. Consumer Cyclical	NEW	4,250,000	NEW	$29,622,500	NEW	1.12%
COF	Capital One Financial Corp Financial Services	Reduced	160,000	-284,000	$29,188,800	−72.9%	1.10%
CCIX	Churchill Capital Corp IX/Cayman Financial Services	Held	2,633,582	0	$28,126,655	+0.5%	1.06%
PEN	Penumbra Inc Healthcare	NEW	85,000	NEW	$27,911,450	NEW	1.05%
WAT	Waters Corp /De/ Healthcare	NEW	92,000	NEW	$27,397,600	NEW	1.03%
B	Barrick Mining Corp Basic Materials	Reduced	667,800	-153,200	$27,239,562	−23.8%	1.03%
ECHO	EchoStar CORP Communication Services	Added	228,000	+39,000	$26,691,960	+29.9%	1.01%
KBON	Karbon Capital Partners Corp. Financial Services	NEW	2,632,752	NEW	$26,485,485	NEW	1.00%
SNAP	Snap Inc Communication Services	NEW	5,500,000	NEW	$25,300,000	NEW	0.95%
LBRDA	Liberty Broadband Corp Communication Services	Held	500,000	0	$25,110,000	+4.0%	0.95%
FVAV	Fortress Value Acquisition Corp. V Financial Services	NEW	2,475,000	NEW	$24,824,250	NEW	0.94%
NG	Novagold Resources Inc Basic Materials	Reduced	2,700,000	-5,100	$24,246,000	−3.8%	0.91%
QRVO	Qorvo, Inc. Technology	Held	309,000	0	$23,916,600	−8.4%	0.90%
PPTA	Perpetua Resources Corp. Basic Materials	Reduced	840,000	-188,853	$23,620,800	−5.2%	0.89%
RAC	Rithm Acquisition Corp. Financial Services	Reduced	2,230,000	-549,026	$23,192,000	−19.7%	0.87%
NN	Nextnav Inc. Technology	Reduced	1,432,000	-454,000	$22,940,640	−26.9%	0.86%
UNF	Unifirst Corp Industrials	NEW	81,000	NEW	$20,378,790	NEW	0.77%
KMB	Kimberly Clark Corp Consumer Defensive	Held	187,200	0	$18,059,184	−4.4%	0.68%
SBAC	Sba Communications Corp Real Estate	NEW	102,000	NEW	$17,555,220	NEW	0.66%
SNCY	Sun Country Airlines Holdings, LLC Industrials	Added	1,034,499	+394,499	$17,089,923	+85.6%	0.64%

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.