Q3 2025 · 13F-HR
Empyrean Capital Partners, LPholdings as filed
Filed 2025-11-14 · accession 0001317195-25-000009
$2.49B
Reported value
86
Positions
2025-09-30
Period end
The Brief · Empyrean Capital Partners, LP · Q3 2025
AI · grounded in 13F
Empyrean Capital Partners, LP established a new position in AER valued at $181.5M. The fund also initiated new stakes in SHEL for $178.8M and BTI for $116.8M. Other new additions include MPC at $108.4M and PCG at $89M. The fund ended the period with 86 positions and total AUM of $2.49B.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| N00985106 | AER | AERCAP HOLDINGS NV | $181.5M | 7.29% | 1,500,000 | Common | SOLE |
| 780259305 | SHEL | SHELL PLC | $178.8M | 7.18% | 2,500,000 | Common | SOLE |
| 110448107 | BTI | BRITISH AMERN TOB PLC | $116.8M | 4.69% | 2,200,000 | Common | SOLE |
| 56585A102 | MPC | MARATHON PETE CORP | $108.4M | 4.35% | 562,500 | Common | SOLE |
| 69331C108 | PCG | PG&E CORP | $89.0M | 3.57% | 5,900,000 | Common | SOLE |
| 69349H107 | TXNM | TXNM ENERGY INC | $81.6M | 3.27% | 1,442,554 | Common | SOLE |
| 65158N102 | NMRK | NEWMARK GROUP INC | $81.3M | 3.26% | 4,360,150 | Common | SOLE |
| 126650100 | CVS | CVS HEALTH CORP | $78.6M | 3.15% | 1,042,500 | Common | SOLE |
| 907818108 | UNP | UNION PAC CORP | $78.5M | 3.15% | 332,000 | Common | SOLE |
| 10948W103 | AAMI | ACADIAN ASSET MANAGEMENT INC | $74.2M | 2.98% | 1,541,108 | Common | SOLE |
| 14040H105 | COF | CAPITAL ONE FINL CORP | $65.5M | 2.63% | 308,000 | Common | SOLE |
| 21036P108 | STZ | CONSTELLATION BRANDS INC | $60.7M | 2.44% | 451,000 | Common | SOLE |
| 530307305 | LBRDK | LIBERTY BROADBAND CORP | $58.5M | 2.35% | 920,781 | Common | SOLE |
| 14149Y108 | CAH | CARDINAL HEALTH INC | $56.1M | 2.25% | 357,400 | Common | SOLE |
| 02156K103 | OPTU | ALTICE USA INC | $55.7M | 2.23% | 23,100,000 | Common | SOLE |
| 29357K103 | ENVA | ENOVA INTL INC | $50.8M | 2.04% | 441,564 | Common | SOLE |
| 11040G103 | VTOL | BRISTOW GROUP INC | $46.0M | 1.85% | 1,276,000 | Common | SOLE |
| 09239BAF6 | BL 1 06/01/29 | BLACKLINE INC | $45.8M | 1.84% | 44,000,000 | Common | SOLE |
| 278768106 | SATS | ECHOSTAR CORP | $43.5M | 1.75% | 570,000 | Common | SOLE |
| 66987E206 | NG | NOVAGOLD RES INC | $43.1M | 1.73% | 4,893,566 | Common | SOLE |
| 655844108 | NSC | NORFOLK SOUTHN CORP | $41.0M | 1.65% | 136,500 | Common | SOLE |
| G0R78B122 | BCSS/U | BAIN CAP GSS INVT CORP | $40.3M | 1.62% | 3,990,000 | Common | SOLE |
| 928298AR9 | VSH 2.25 09/15/30 | VISHAY INTERTECHNOLOGY INC | $38.0M | 1.53% | 42,000,000 | Common | SOLE |
| G2130T108 | INFQ | CHURCHILL CAP CORP X | $34.0M | 1.36% | 2,640,000 | Common | SOLE |
| 92552V100 | VSAT | VIASAT INC | $33.3M | 1.34% | 1,138,000 | Common | SOLE |
| 00182CAC7 | ANIP 2.25 09/01/29 | ANI PHARMACEUTICALS INC | $32.3M | 1.30% | 23,000,000 | Common | SOLE |
| 69553PAD2 | PD 1.5 10/15/28 * | PAGERDUTY INC | $31.8M | 1.28% | 32,500,000 | Common | SOLE |
| 530307107 | LBRDA | LIBERTY BROADBAND CORP | $31.7M | 1.27% | 500,000 | Common | SOLE |
| 007973AE0 | AEIS 2.5 09/15/28 | ADVANCED ENERGY INDS | $31.2M | 1.25% | 22,500,000 | Common | SOLE |
| 714266103 | PPTA | PERPETUA RESOURCES CORP | $30.7M | 1.23% | 1,517,953 | Common | SOLE |
| 718546104 | PSX | PHILLIPS 66 | $29.5M | 1.18% | 216,800 | Common | SOLE |
| 64031N108 | NNI | NELNET INC | $29.0M | 1.16% | 231,000 | Common | SOLE |
| G21301109 | CCIX | CHURCHILL CAPITAL CORP IX | $27.6M | 1.11% | 2,633,582 | Common | SOLE |
| 55306NAB0 | MKSI 1.25 06/01/30 | MKS INC. | $27.4M | 1.10% | 25,000,000 | Common | SOLE |
| 65345N106 | NN | NEXTNAV INC | $27.0M | 1.08% | 1,886,000 | Common | SOLE |
| 682189AU9 | ON 0.5 03/01/29 | ON SEMICONDUCTOR CORP | $22.2M | 0.89% | 24,000,000 | Common | SOLE |
| 878742204 | TECK | TECK RESOURCES LTD | $21.9M | 0.88% | 500,000 | Common | SOLE |
| 829933100 | SIRI | SIRIUSXM HOLDINGS INC | $21.1M | 0.85% | 905,623 | Common | SOLE |
| 829242106 | SBGI | SINCLAIR INC | $17.3M | 0.69% | 1,144,493 | Common | SOLE |
| 531229722 | LLYVK* | LIBERTY MEDIA CORP DEL | $17.0M | 0.68% | 175,771 | Common | SOLE |
| 01626W101 | ALIT | ALIGHT INC | $16.1M | 0.65% | 4,930,000 | Common | SOLE |
| L02235106 | AMBP | ARDAGH METAL PACKAGING S A | $16.0M | 0.64% | 4,000,000 | Common | SOLE |
| G4002F109 | GTEN | GORES HLDGS X INC | $15.1M | 0.60% | 1,475,000 | Common | SOLE |
| 008474108 | AEM | AGNICO EAGLE MINES LTD | $14.6M | 0.59% | 86,800 | Common | SOLE |
| 011532108 | AGI | ALAMOS GOLD INC NEW | $13.6M | 0.55% | 391,300 | Common | SOLE |
| 03209RAB9 | AMPH 2 03/15/29 | AMPHASTAR PHARMACEUTICALS IN | $13.6M | 0.55% | 15,000,000 | Common | SOLE |
| G0273J101 | AEXA | AMERICAN EXCEPTIONALISM ACQU | $13.4M | 0.54% | 1,230,000 | Common | SOLE |
| 83205YAE4 | PENG 2 08/15/30 | PENGUIN SOLUTIONS INC | $12.5M | 0.50% | 10,500,000 | Common | SOLE |
| 879433829 | TDS | TELEPHONE & DATA SYS INC | $11.8M | 0.47% | 300,000 | Common | SOLE |
| G7997W102 | SDRL | SEADRILL LTD | $11.3M | 0.45% | 374,420 | Common | SOLE |
| 910710102 | ACIC | AMERICAN COASTAL INS CORP | $10.7M | 0.43% | 940,500 | Common | SOLE |
| G3106Q110 | EVAC/U | EQV VENTURES AC CORP. II | $10.0M | 0.40% | 1,000,000 | Common | SOLE |
| 644535106 | NGDN | NEW GOLD INC CDA | $9.4M | 0.38% | 1,309,428 | Common | SOLE |
| G9460G101 | VAL | VALARIS LTD | $9.3M | 0.38% | 191,700 | Common | SOLE |
| 674599105 | OXY | OCCIDENTAL PETE CORP | $9.0M | 0.36% | 191,000 | Common | SOLE |
| 531229748 | LLYVA* | LIBERTY MEDIA CORP DEL | $8.9M | 0.36% | 94,563 | Common | SOLE |
| 866683105 | SNCY | SUN CTRY AIRLS HLDGS INC | $8.6M | 0.35% | 732,042 | Common | SOLE |
| 055622104 | BP | BP PLC | $8.4M | 0.34% | 245,000 | Common | SOLE |
| G6717R104 | OACC | OAKTREE ACQUISITION CORP III | $7.9M | 0.32% | 750,000 | Common | SOLE |
| G82617120 | SOCAU | SOLARIUS CAPITAL ACQU CORP | $7.4M | 0.30% | 700,000 | Common | SOLE |
| G75751100 | RAC | RITHM ACQUISITION CORP | $7.3M | 0.29% | 716,485 | Common | SOLE |
| 40609P105 | HNRG | HALLADOR ENERGY COMPANY | $6.9M | 0.28% | 354,476 | Common | SOLE |
| 36164V800 | GLIBK | GCI LIBERTY INC | $6.9M | 0.28% | 184,156 | Common | SOLE |
| 65340P106 | NXE | NEXGEN ENERGY LTD | $6.7M | 0.27% | 751,000 | Common | SOLE |
| 55939A107 | MAGN | MAGNERA CORP | $5.1M | 0.21% | 436,260 | Common | SOLE |
| 00971T101 | AKAM | AKAMAI TECHNOLOGIES INC | $4.4M | 0.18% | 58,000 | Common | SOLE |
| 26884L109 | EQT | EQT CORP | $3.9M | 0.16% | 71,600 | Common | SOLE |
| G65431127 | NE | NOBLE CORP PLC | $3.9M | 0.16% | 137,000 | Common | SOLE |
| 75281A109 | RRC | RANGE RES CORP | $3.8M | 0.15% | 101,300 | Common | SOLE |
| 36164V602 | GLIBA | GCI LIBERTY INC | $3.8M | 0.15% | 99,999 | Common | SOLE |
| 165167735 | EXE | EXPAND ENERGY CORPORATION | $3.7M | 0.15% | 34,500 | Common | SOLE |
| 03674X106 | AR | ANTERO RESOURCES CORP | $3.4M | 0.14% | 101,400 | Common | SOLE |
| 35909R108 | ULCC | FRONTIER GROUP HLDGS INC | $3.2M | 0.13% | 723,439 | Common | SOLE |
| G1828E100 | CEPF | CANTOR EQUITY PARTNERS IV IN | $3.1M | 0.12% | 300,000 | Common | SOLE |
| 001744101 | AMN | AMN HEALTHCARE SVCS INC | $2.9M | 0.12% | 150,000 | Common | SOLE |
| 127097103 | CTRA | COTERRA ENERGY INC | $2.7M | 0.11% | 115,400 | Common | SOLE |
| G1828A108 | CAEP | CANTOR EQUITY PARTNERS III I | $2.6M | 0.10% | 250,000 | Common | SOLE |
| 207410AH4 | CNMD 2.25 06/15/27 | CONMED CORP | $2.4M | 0.10% | 2,500,000 | Common | SOLE |
| 205768302 | CRK | COMSTOCK RES INC | $2.4M | 0.09% | 118,900 | Common | SOLE |
| G3730U123 | FCRS/U | FUTURECREST ACQUISITION CORP | $1.9M | 0.07% | 175,000 | Common | SOLE |
| G0701G125 | BDCIU | BTC DEV CORP | $1.5M | 0.06% | 150,000 | Common | SOLE |
| 92337U302 | TONX | TON STRATEGY CO | $1.4M | 0.05% | 192,621 | Common | SOLE |
| 78573M104 | SABR | SABRE CORP | $732,000 | 0.03% | 400,000 | Common | SOLE |
| G21301117 | CCIXW | CHURCHILL CAPITAL CORP IX | $343,200 | 0.01% | 440,000 | Common | SOLE |
| 29415V117 | COCHW | ENVOY MEDICAL INC | $2,820 | 0.00% | 75,000 | Common | SOLE |
| 08178Q119 | BENFW | BENEFICIENT | $1,440 | 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.