Q2 2025 · 13F-HR
Empyrean Capital Partners, LPholdings as filed
Filed 2025-08-14 · accession 0001085146-25-005272
$2.98B
Reported value
75
Positions
2025-06-30
Period end
The Brief · Empyrean Capital Partners, LP · Q2 2025
AI · grounded in 13F
Empyrean Capital Partners, LP established a new position in HYG valued at $443.6M. The fund also initiated new stakes in IWM for $377.6M and AER for $167.5M. Other new additions include SHEL at $161.9M and HES at $125.5M. The fund ended the period with 75 positions and total AUM of $2.98B.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 464288513 | HYG | ISHARES TR | $443.6M | 14.9% | 5,500,000 | PUT | SOLE |
| 464287655 | IWM | ISHARES TR | $377.6M | 12.7% | 1,750,000 | PUT | SOLE |
| N00985106 | AER | AERCAP HOLDINGS NV | $167.5M | 5.62% | 1,432,000 | Common | SOLE |
| 780259305 | SHEL | SHELL PLC | $161.9M | 5.43% | 2,300,000 | Common | SOLE |
| 42809H107 | HES | HESS CORP | $125.5M | 4.21% | 906,000 | Common | SOLE |
| 530307305 | LBRDK | LIBERTY BROADBAND CORP | $90.6M | 3.04% | 920,781 | Common | SOLE |
| 56585A102 | MPC | MARATHON PETE CORP | $88.2M | 2.96% | 531,000 | Common | SOLE |
| 69349H107 | TXNM | TXNM ENERGY INC | $81.2M | 2.73% | 1,442,554 | Common | SOLE |
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $77.1M | 2.59% | 124,848 | Common | SOLE |
| 10948W103 | AAMI | ACADIAN ASSET MANAGEMENT INC | $66.3M | 2.22% | 1,880,634 | Common | SOLE |
| 29357K103 | ENVA | ENOVA INTL INC | $63.3M | 2.12% | 567,538 | Common | SOLE |
| 126650100 | CVS | CVS HEALTH CORP | $59.5M | 1.99% | 862,000 | Common | SOLE |
| 69331C108 | PCG | PG&E CORP | $57.2M | 1.92% | 4,100,000 | Common | SOLE |
| 65158N102 | NMRK | NEWMARK GROUP INC | $53.0M | 1.78% | 4,360,150 | Common | SOLE |
| 14149Y108 | CAH | CARDINAL HEALTH INC | $52.3M | 1.75% | 311,300 | Common | SOLE |
| 830566105 | SKAA | SKECHERS U S A INC | $51.8M | 1.74% | 821,000 | Common | SOLE |
| 02156K103 | OPTU | ALTICE USA INC | $49.4M | 1.66% | 23,100,000 | Common | SOLE |
| 530307107 | LBRDA | LIBERTY BROADBAND CORP | $48.9M | 1.64% | 500,000 | Common | SOLE |
| 01626W101 | ALIT | ALIGHT INC | $48.1M | 1.61% | 8,500,000 | Common | SOLE |
| 110448107 | BTI | BRITISH AMERN TOB PLC | $45.0M | 1.51% | 950,000 | Common | SOLE |
| 09239BAF6 | BL 1 06/01/29 | BLACKLINE INC | $44.8M | 1.50% | 42,000,000 | Common | SOLE |
| 11040G103 | VTOL | BRISTOW GROUP INC | $42.1M | 1.41% | 1,276,000 | Common | SOLE |
| 69553PAD2 | PD 1.5 10/15/28 * | PAGERDUTY INC | $38.2M | 1.28% | 40,000,000 | Common | SOLE |
| 928298AR9 | VSH 2.25 09/15/30 | VISHAY INTERTECHNOLOGY INC | $37.6M | 1.26% | 42,000,000 | Common | SOLE |
| 47030M106 | — | JAMES HARDIE INDS PLC | $33.8M | 1.13% | 1,257,000 | Common | SOLE |
| 14040H105 | COF | CAPITAL ONE FINL CORP | $31.9M | 1.07% | 150,000 | Common | SOLE |
| G2130T124 | CCCXU | CHURCHILL CAP CORP X | $30.9M | 1.04% | 3,000,000 | Common | SOLE |
| 91324P102 | UNH | UNITEDHEALTH GROUP INC | $29.3M | 0.98% | 94,000 | Common | SOLE |
| G21301109 | CCIX | CHURCHILL CAPITAL CORP IX | $27.7M | 0.93% | 2,633,582 | Common | SOLE |
| 66987E206 | NG | NOVAGOLD RES INC | $26.7M | 0.90% | 6,539,000 | Common | SOLE |
| 65345N106 | NN | NEXTNAV INC | $25.6M | 0.86% | 1,685,000 | Common | SOLE |
| 682189AU9 | ON 0.5 03/01/29 | ON SEMICONDUCTOR CORP | $25.4M | 0.85% | 27,500,000 | Common | SOLE |
| 007973AE0 | AEIS 2.5 09/15/28 | ADVANCED ENERGY INDS | $22.2M | 0.75% | 18,500,000 | Common | SOLE |
| 718546104 | PSX | PHILLIPS 66 | $21.2M | 0.71% | 178,000 | Common | SOLE |
| 829933100 | SIRI | SIRIUSXM HOLDINGS INC | $20.8M | 0.70% | 905,623 | Common | SOLE |
| 55306NAB0 | MKSI 1.25 06/01/30 | MKS INC. | $20.3M | 0.68% | 20,500,000 | Common | SOLE |
| L02235106 | AMBP | ARDAGH METAL PACKAGING S A | $17.1M | 0.57% | 4,000,000 | Common | SOLE |
| 714266103 | PPTA | PERPETUA RESOURCES CORP | $17.0M | 0.57% | 1,396,500 | Common | SOLE |
| 829242106 | SBGI | SINCLAIR INC | $15.8M | 0.53% | 1,144,493 | Common | SOLE |
| 35953C106 | FIP | FTAI INFRASTRUCTURE INC | $14.6M | 0.49% | 2,372,000 | Common | SOLE |
| 78573M104 | SABR | SABRE CORP | $14.3M | 0.48% | 4,520,099 | Common | SOLE |
| 531229722 | LLYVK* | LIBERTY MEDIA CORP DEL | $14.3M | 0.48% | 175,771 | Common | SOLE |
| 65340P106 | NXE | NEXGEN ENERGY LTD | $14.2M | 0.48% | 2,051,600 | Common | SOLE |
| 03209RAB9 | AMPH 2 03/15/29 | AMPHASTAR PHARMACEUTICALS IN | $13.0M | 0.44% | 15,000,000 | Common | SOLE |
| 163086AE1 | CHEF 2.375 12/15/28 | CHEFS WHSE INC | $12.5M | 0.42% | 8,000,000 | Common | SOLE |
| 008474108 | AEM | AGNICO EAGLE MINES LTD | $11.9M | 0.40% | 100,000 | Common | SOLE |
| 879433829 | TDS | TELEPHONE & DATA SYS INC | $11.6M | 0.39% | 325,000 | Common | SOLE |
| 910710102 | ACIC | AMERICAN COASTAL INS CORP | $10.5M | 0.35% | 940,500 | Common | SOLE |
| G1144A105 | BTBT | BIT DIGITAL INC | $9.3M | 0.31% | 4,250,000 | Common | SOLE |
| 465741AQ9 | ITRI 1.375 07/15/30 | ITRON INC | $9.0M | 0.30% | 7,500,000 | Common | SOLE |
| 278768106 | SATS | ECHOSTAR CORP | $8.7M | 0.29% | 313,000 | Common | SOLE |
| 011532108 | AGI | ALAMOS GOLD INC NEW | $8.0M | 0.27% | 300,000 | Common | SOLE |
| 644535106 | NGDN | NEW GOLD INC CDA | $7.6M | 0.26% | 1,539,428 | Common | SOLE |
| 531229748 | LLYVA* | LIBERTY MEDIA CORP DEL | $7.5M | 0.25% | 94,563 | Common | SOLE |
| 40609P105 | HNRG | HALLADOR ENERGY COMPANY | $7.5M | 0.25% | 471,168 | Common | SOLE |
| 055622104 | BP | BP PLC | $7.3M | 0.25% | 245,000 | Common | SOLE |
| 866683105 | SNCY | SUN CTRY AIRLS HLDGS INC | $6.5M | 0.22% | 557,042 | Common | SOLE |
| 207410AH4 | CNMD 2.25 06/15/27 | CONMED CORP | $5.7M | 0.19% | 6,000,000 | Common | SOLE |
| 55939A107 | MAGN | MAGNERA CORP | $5.7M | 0.19% | 469,730 | Common | SOLE |
| 26884L109 | EQT | EQT CORP | $4.2M | 0.14% | 71,600 | Common | SOLE |
| 75281A109 | RRC | RANGE RES CORP | $4.1M | 0.14% | 101,300 | Common | SOLE |
| 03674X106 | AR | ANTERO RESOURCES CORP | $4.1M | 0.14% | 101,400 | Common | SOLE |
| 165167735 | EXE | EXPAND ENERGY CORPORATION | $4.0M | 0.14% | 34,500 | Common | SOLE |
| 35909R108 | ULCC | FRONTIER GROUP HLDGS INC | $4.0M | 0.13% | 1,100,000 | Common | SOLE |
| 31188VAB6 | FSLY 0 03/15/26 | FASTLY INC | $3.8M | 0.13% | 4,000,000 | Common | SOLE |
| 75737FAE8 | RDFN 0.5 04/01/27 | REDFIN CORP | $3.6M | 0.12% | 4,000,000 | Common | SOLE |
| 205768302 | CRK | COMSTOCK RES INC | $3.3M | 0.11% | 118,900 | Common | SOLE |
| 015658107 | ASTL | ALGOMA STL GROUP INC | $3.1M | 0.10% | 452,148 | Common | SOLE |
| G1331A124 | BACCU | BLUE ACQUISITION CORP. | $3.0M | 0.10% | 300,000 | Common | SOLE |
| 127097103 | CTRA | COTERRA ENERGY INC | $2.9M | 0.10% | 115,400 | Common | SOLE |
| G1828A108 | CAEP | CANTOR EQUITY PARTNERS III I | $2.6M | 0.09% | 250,000 | Common | SOLE |
| 977852AD4 | WOLF 1.875 12/01/29 | WOLFSPEED INC | $1.1M | 0.04% | 4,250,000 | Common | SOLE |
| G21301117 | CCIXW | CHURCHILL CAPITAL CORP IX | $418,044 | 0.01% | 440,000 | Common | SOLE |
| 29415V117 | COCHW | ENVOY MEDICAL INC | $2,648 | 0.00% | 75,000 | Common | SOLE |
| 08178Q119 | BENFW | BENEFICIENT | $690 | 0.00% | 100,000 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.