Q1 2026 · 13F-HR
Empyrean Capital Partners, LPholdings as filed
Filed 2026-05-15 · accession 0001317195-26-000002
$3.07B
Reported value
124
Positions
2026-03-31
Period end
The Brief · Empyrean Capital Partners, LP · Q1 2026
AI · grounded in 13F
Empyrean Capital Partners, LP exited its position in PCG for a reduction of $94.8M. The fund also closed positions in CVS and UNH, totaling $92.1M and $63.7M respectively. On the buy side, the fund established new positions in SPY for $68.3M and EA for $46.3M. Additionally, the fund increased its stake in NSC by 55.6%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| N00985106 | AER | AERCAP HOLDINGS NV | $137.2M | 4.47% | 1,000,000 | Common | SOLE |
| 110448107 | BTI | BRITISH AMERN TOB PLC | $112.6M | 3.67% | 1,925,000 | Common | SOLE |
| 780259305 | SHEL | SHELL PLC | $106.2M | 3.46% | 1,141,700 | Common | SOLE |
| 56585A102 | MPC | MARATHON PETE CORP | $97.2M | 3.17% | 398,100 | Common | SOLE |
| 655844108 | NSC | NORFOLK SOUTHN CORP | $91.0M | 2.96% | 317,100 | Common | SOLE |
| 21036P108 | STZ | CONSTELLATION BRANDS INC | $90.9M | 2.96% | 606,200 | Common | SOLE |
| 69349H107 | TXNM | TXNM ENERGY INC | $84.3M | 2.75% | 1,442,554 | Common | SOLE |
| 10948W103 | AAMI | ACADIAN ASSET MANAGEMENT INC | $71.2M | 2.32% | 1,308,190 | Common | SOLE |
| 934423104 | WBD | WARNER BROS DISCOVERY INC | $70.9M | 2.31% | 2,583,000 | Common | SOLE |
| 78462F103 | SPY | STATE STR SPDR S&P 500 ETF T | $68.3M | 2.22% | 105,000 | PUT | SOLE |
| 20337X109 | VISN | VISTANCE NETWORKS INC | $67.9M | 2.21% | 3,732,000 | Common | SOLE |
| 65158N102 | NMRK | NEWMARK GROUP INC | $65.4M | 2.13% | 4,360,150 | Common | SOLE |
| 907818108 | UNP | UNION PAC CORP | $57.8M | 1.88% | 238,300 | Common | SOLE |
| G0750C108 | AXTA | AXALTA COATING SYS LTD | $56.8M | 1.85% | 2,050,000 | Common | SOLE |
| 11040G103 | VTOL | BRISTOW GROUP INC | $54.9M | 1.79% | 1,170,000 | Common | SOLE |
| 29357K103 | ENVA | ENOVA INTL INC | $53.5M | 1.74% | 394,064 | Common | SOLE |
| 14149Y108 | CAH | CARDINAL HEALTH INC | $52.4M | 1.71% | 247,800 | Common | SOLE |
| 92552V100 | VSAT | VIASAT INC | $52.1M | 1.70% | 1,138,000 | Common | SOLE |
| 928298AR9 | VSH 2.25 09/15/30 | VISHAY INTERTECHNOLOGY INC | $49.8M | 1.62% | 52,000,000 | Common | SOLE |
| 530307305 | LBRDK | LIBERTY BROADBAND CORP | $46.3M | 1.51% | 920,781 | Common | SOLE |
| 285512109 | EA | ELECTRONIC ARTS INC | $46.3M | 1.51% | 227,000 | Common | SOLE |
| 718546104 | PSX | PHILLIPS 66 | $43.0M | 1.40% | 236,200 | Common | SOLE |
| G0R78B106 | BCSS | BAIN CAP GSS INVT CORP | $40.3M | 1.31% | 3,990,000 | Common | SOLE |
| 20030N101 | CMCSA | COMCAST CORP NEW | $38.6M | 1.26% | 1,345,000 | Common | SOLE |
| 03769M106 | APO | APOLLO GLOBAL MGMT INC | $36.6M | 1.19% | 328,200 | Common | SOLE |
| 35137L105 | FOXA | FOX CORP | $36.3M | 1.18% | 622,000 | Common | SOLE |
| G2131A124 | CCXIU | CHURCHILL CAP CORP XI | $35.9M | 1.17% | 3,500,000 | Common | SOLE |
| 44891N208 | IAC | IAC INC | $32.8M | 1.07% | 820,000 | Common | SOLE |
| 02156K103 | OPTU | OPTIMUM COMMUNICATIONS INC | $32.0M | 1.04% | 24,578,407 | Common | SOLE |
| H8817H100 | RIG | TRANSOCEAN LTD | $30.3M | 0.99% | 4,570,463 | Common | SOLE |
| 044186104 | ASH | ASHLAND INC | $30.1M | 0.98% | 542,000 | Common | SOLE |
| 49177J102 | KVUE | KENVUE INC | $29.9M | 0.97% | 1,732,000 | Common | SOLE |
| 64031N108 | NNI | NELNET INC | $29.8M | 0.97% | 231,000 | Common | SOLE |
| 60646V105 | MCW | MISTER CAR WASH INC | $29.6M | 0.96% | 4,250,000 | Common | SOLE |
| 69553PAD2 | PD 1.5 10/15/28 * | PAGERDUTY INC | $29.5M | 0.96% | 32,450,000 | Common | SOLE |
| 14040H105 | COF | CAPITAL ONE FINL CORP | $29.2M | 0.95% | 160,000 | Common | SOLE |
| 00182CAC7 | ANIP 2.25 09/01/29 | ANI PHARMACEUTICALS INC | $29.1M | 0.95% | 23,500,000 | Common | SOLE |
| G21301109 | CCIX | CHURCHILL CAPITAL CORP IX | $28.1M | 0.92% | 2,633,582 | Common | SOLE |
| 70975L107 | PEN | PENUMBRA INC | $27.9M | 0.91% | 85,000 | Common | SOLE |
| 941848103 | WAT | WATERS CORP | $27.4M | 0.89% | 92,000 | Common | SOLE |
| 06849F108 | B | BARRICK MNG CORP | $27.2M | 0.89% | 667,800 | Common | SOLE |
| 278768106 | SATS | ECHOSTAR CORP | $26.7M | 0.87% | 228,000 | Common | SOLE |
| G5225W100 | KBON | KARBON CAP PARTNERS CORP | $26.5M | 0.86% | 2,632,752 | Common | SOLE |
| 83304A106 | SNAP | SNAP INC | $25.3M | 0.82% | 5,500,000 | Common | SOLE |
| 530307107 | LBRDA | LIBERTY BROADBAND CORP | $25.1M | 0.82% | 500,000 | Common | SOLE |
| G3645T104 | FVAV | FORTRESS VALUE ACQU CORP V | $24.8M | 0.81% | 2,475,000 | Common | SOLE |
| 682189AU9 | ON 0.5 03/01/29 | ON SEMICONDUCTOR CORP | $24.5M | 0.80% | 25,000,000 | Common | SOLE |
| 66987E206 | NG | NOVAGOLD RESOURCES INC | $24.2M | 0.79% | 2,700,000 | Common | SOLE |
| 74736K101 | QRVO | QORVO INC | $23.9M | 0.78% | 309,000 | Common | SOLE |
| 714266103 | PPTA | PERPETUA RESOURCES CORP | $23.6M | 0.77% | 840,000 | Common | SOLE |
| G75751100 | RAC | RITHM ACQUISITION CORP | $23.2M | 0.76% | 2,230,000 | Common | SOLE |
| 65345N106 | NN | NEXTNAV INC | $22.9M | 0.75% | 1,432,000 | Common | SOLE |
| 464287515 | IGV | ISHARES TR | $22.9M | 0.75% | 286,000 | Common | SOLE |
| 904708104 | UNF | UNIFIRST CORP MASS | $20.4M | 0.66% | 81,000 | Common | SOLE |
| G60420125 | MTAL/U | METALS ACQUISITION CORP II | $20.0M | 0.65% | 1,980,000 | Common | SOLE |
| 03209RAB9 | AMPH 2 03/15/29 | AMPHASTAR PHARMACEUTICALS IN | $18.2M | 0.59% | 20,265,000 | Common | SOLE |
| 494368103 | KMB | KIMBERLY-CLARK CORP | $18.1M | 0.59% | 187,200 | Common | SOLE |
| G53157122 | KPET/U | KPET ULTRA PACELINE CORP | $18.0M | 0.59% | 1,800,000 | Common | SOLE |
| 78410G104 | SBAC | SBA COMMUNICATIONS CORP | $17.6M | 0.57% | 102,000 | Common | SOLE |
| 866683105 | SNCY | SUN CTRY AIRLS HLDGS INC | $17.1M | 0.56% | 1,034,499 | Common | SOLE |
| L02235106 | AMBP | ARDAGH METAL PACKAGING S A | $16.2M | 0.53% | 4,000,000 | Common | SOLE |
| 829933100 | SIRI | SIRIUSXM HOLDINGS INC | $16.0M | 0.52% | 692,775 | Common | SOLE |
| 163072AC5 | CAKE 2 03/15/30 | CHEESECAKE FACTORY INC | $15.8M | 0.51% | 15,500,000 | Common | SOLE |
| G4802J129 | IEAGU | INFINITE EAGLE ACQUISITION C | $15.2M | 0.50% | 1,499,000 | Common | SOLE |
| G4002F109 | GTEN | GORES HLDGS X INC | $15.1M | 0.49% | 1,475,000 | Common | SOLE |
| 925283103 | VSNT | VERSANT MEDIA GROUP INC | $14.2M | 0.46% | 384,748 | Common | SOLE |
| G6S74K122 | OIMAU | ONEIM ACQUISITION CORP | $13.7M | 0.45% | 1,358,140 | Common | SOLE |
| 829242106 | SBGI | SINCLAIR INC | $13.5M | 0.44% | 1,044,493 | Common | SOLE |
| G0273J101 | AEXA | AMERICAN EXCEPTIONALISM ACQU | $13.3M | 0.43% | 1,230,000 | Common | SOLE |
| 92333F101 | VG | VENTURE GLOBAL INC | $13.1M | 0.43% | 831,000 | Common | SOLE |
| 910710102 | ACIC | AMERICAN COASTAL INS CORP | $12.7M | 0.41% | 1,126,987 | Common | SOLE |
| 530909308 | LLYVK | LIBERTY LIVE HOLDINGS INC | $12.6M | 0.41% | 134,300 | Common | SOLE |
| 879433829 | TDS | TELEPHONE & DATA SYS INC | $12.6M | 0.41% | 300,000 | Common | SOLE |
| 155923105 | CTRI | CENTURI HOLDINGS INC | $11.6M | 0.38% | 397,000 | Common | SOLE |
| 53115L104 | LBRT | LIBERTY ENERGY INC | $11.5M | 0.38% | 400,000 | Common | SOLE |
| G2616C108 | DSAC | DAEDALUS SPL ACQUISITION COR | $11.2M | 0.37% | 1,132,000 | Common | SOLE |
| 36164V800 | GLIBK | GCI LIBERTY INC | $10.9M | 0.36% | 293,218 | Common | SOLE |
| 83205YAE4 | PENG 2 08/15/30 | PENGUIN SOLUTIONS INC | $10.5M | 0.34% | 10,500,000 | Common | SOLE |
| 055622104 | BP | BP PLC | $10.3M | 0.34% | 220,000 | Common | SOLE |
| G2284A129 | CLBR/U | COLOMBIER ACQUISITION CORP I | $10.2M | 0.33% | 1,000,000 | Common | SOLE |
| 674599105 | OXY | OCCIDENTAL PETE CORP | $10.1M | 0.33% | 155,900 | Common | SOLE |
| G44055112 | HCICU | HENNESSY CAP INVTS CORP VIII | $10.0M | 0.33% | 1,000,000 | Common | SOLE |
| 76155X100 | RVMD | REVOLUTION MEDICINES INC | $10.0M | 0.32% | 102,400 | Common | SOLE |
| 46187W107 | INVH | INVITATION HOMES INC | $9.6M | 0.31% | 385,000 | Common | SOLE |
| G6717R104 | OACC | OAKTREE ACQUISITION CORP III | $9.6M | 0.31% | 900,000 | Common | SOLE |
| G9709D125 | VHCPU | VINE HILL CAP INVTS CORP II | $9.5M | 0.31% | 950,000 | Common | SOLE |
| 053484101 | AVB | AVALONBAY CMNTYS INC | $9.5M | 0.31% | 58,000 | Common | SOLE |
| 24665A103 | DK | DELEK US HLDGS INC NEW | $9.4M | 0.31% | 208,700 | Common | SOLE |
| 03762U105 | ARI | APOLLO COML REAL ESTATE FIN | $9.3M | 0.30% | 883,751 | Common | SOLE |
| 133131102 | CPT | CAMDEN PPTY TR | $9.2M | 0.30% | 94,000 | Common | SOLE |
| 22822V101 | CCI | CROWN CASTLE INC | $8.7M | 0.28% | 107,000 | Common | SOLE |
| 40609P105 | HNRG | HALLADOR ENERGY COMPANY | $8.1M | 0.27% | 500,000 | Common | SOLE |
| 26884L109 | EQT | EQT CORP | $7.0M | 0.23% | 110,400 | Common | SOLE |
| 127097103 | CTRA | COTERRA ENERGY INC | $6.7M | 0.22% | 192,000 | Common | SOLE |
| 530909100 | LLYVA | LIBERTY LIVE HOLDINGS INC | $6.6M | 0.22% | 72,250 | Common | SOLE |
| 465741AQ9 | ITRI 1.375 07/15/30 | ITRON INC | $6.3M | 0.20% | 6,250,000 | Common | SOLE |
| 03743Q108 | APA | APA CORPORATION | $6.0M | 0.20% | 142,000 | Common | SOLE |
| G93Y09107 | — | VINE HILL CAP INVT CORP. | $5.8M | 0.19% | 540,817 | Common | SOLE |
| 92764N102 | VIR | VIR BIOTECHNOLOGY INC | $4.7M | 0.15% | 527,800 | Common | SOLE |
| 75281A109 | RRC | RANGE RES CORP | $4.6M | 0.15% | 101,300 | Common | SOLE |
| 68389X204 | ORCL 6.5 01/15/29 D | ORACLE CORP | $4.5M | 0.15% | 100,000 | Common | SOLE |
| 03674X106 | AR | ANTERO RESOURCES CORP | $4.3M | 0.14% | 101,400 | Common | SOLE |
| 011532108 | AGI | ALAMOS GOLD INC | $4.0M | 0.13% | 91,000 | Common | SOLE |
| 165167735 | EXE | EXPAND ENERGY CORPORATION | $3.8M | 0.12% | 34,500 | Common | SOLE |
| 36164V602 | GLIBA | GCI LIBERTY INC | $3.7M | 0.12% | 99,999 | Common | SOLE |
| 45676K111 | INFQ/WS | INFLEQTION INC | $3.4M | 0.11% | 762,500 | Common | SOLE |
| 13057Q305 | CRC | CALIFORNIA RES CORP | $3.3M | 0.11% | 48,000 | Common | SOLE |
| G1828R101 | CEPS | CANTOR EQUITY PARTNERS VI IN | $3.1M | 0.10% | 309,050 | Common | SOLE |
| G70077105 | PCSC | PERCEPTIVE CAP SOLUTIONS COR | $3.1M | 0.10% | 282,100 | Common | SOLE |
| G1828E100 | CEPF | CANTOR EQUITY PARTNERS IV IN | $3.1M | 0.10% | 300,000 | Common | SOLE |
| G1828A108 | CAEP | CANTOR EQUITY PARTNERS III I | $2.6M | 0.08% | 250,000 | Common | SOLE |
| 205768302 | CRK | COMSTOCK RES INC | $2.5M | 0.08% | 118,900 | Common | SOLE |
| 78454L100 | SM | SM ENERGY COMPANY | $2.3M | 0.08% | 74,000 | Common | SOLE |
| 987084100 | YSS | YORK SPACE SYSTEMS INC | $2.1M | 0.07% | 95,000 | Common | SOLE |
| 041242108 | ARKO | ARKO CORP | $1.8M | 0.06% | 327,155 | Common | SOLE |
| 91532F102 | UMAC | UNUSUAL MACHS INC | $620,000 | 0.02% | 50,000 | Common | SOLE |
| 34631F102 | FPS | FORGENT POWER SOLUTIONS INC | $585,400 | 0.02% | 20,000 | Common | SOLE |
| G0R78B114 | BCSS/WS | BAIN CAP GSS INVT CORP | $494,760 | 0.02% | 798,000 | Common | SOLE |
| G5225W118 | KBONW | KARBON CAP PARTNERS CORP | $263,341 | 0.01% | 658,188 | Common | SOLE |
| 46050R102 | THM | INTERNATIONAL TOWER HILL MIN | $207,000 | 0.01% | 90,000 | Common | SOLE |
| G21301117 | CCIXW | CHURCHILL CAPITAL CORP IX | $198,000 | 0.01% | 440,000 | Common | SOLE |
| G2616C116 | DSACW | DAEDALUS SPL ACQUISITION COR | $116,030 | 0.00% | 283,000 | Common | SOLE |
| 29415V117 | COCHW | ENVOY MEDICAL INC | $4,980 | 0.00% | 75,000 | Common | SOLE |
| 08178Q119 | BENFW | BENEFICIENT | $1,400 | 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.