Empyrean Capital Partners LP's Q1 2026 13F: 46 new positions, 16 exits
Form 13F-HR for the quarter ended Mar 31, 2026 · filed May 15, 2026 · 115 reported positions · accession 0001317195-26-000002
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Exited | PG&E CORP (PCG) | 3.5% | — | −3.5 pts | −5.9M sh | −100% |
| Exited | CVS HEALTH CORP (CVS) | 3.4% | — | −3.4 pts | −1.16M sh | −100% |
| Exited | UNITEDHEALTH GROUP INC (UNH) | 2.4% | — | −2.4 pts | −193K sh | −100% |
| Reduced | SHELL PLC (SHEL) | 4.6% | 3.8% | −0.9 pts | −558K sh | −33% |
| Reduced | CAPITAL ONE FINL CORP (COF) | 4.0% | 1.0% | −3.0 pts | −284K sh | −64% |
| New | ELECTRONIC ARTS INC (EA) | — | 1.6% | +1.6 pts | +227K sh | new |
| Exited | BAIN CAP GSS INVT CORP (BCSSU) | 1.5% | — | −1.5 pts | −3.99M sh | −100% |
| New | BAIN CAP GSS INVT CORP (BCSS) | — | 1.4% | +1.4 pts | +3.99M sh | new |
| New | APOLLO GLOBAL MGMT INC (APO) | — | 1.3% | +1.3 pts | +328K sh | new |
| New | FOX CORP (FOXA) | — | 1.3% | +1.3 pts | +622K sh | new |
| Reduced | UNION PAC CORP (UNP) | 3.2% | 2.1% | −1.2 pts | −136K sh | −36% |
| Exited | TREEHOUSE FOODS INC (THS) | 1.2% | — | −1.2 pts | −1.32M sh | −100% |
| Increased | NORFOLK SOUTHN CORP (NSC) | 2.2% | 3.2% | +1.0 pts | +113K sh | +56% |
| Increased | VISTANCE NETWORKS INC (VISN) | 1.4% | 2.4% | +1.0 pts | +1.67M sh | +81% |
| New | TRANSOCEAN LTD (RIG) | — | 1.1% | +1.1 pts | +4.57M sh | new |
| New | MISTER CAR WASH INC (MCW) | — | 1.1% | +1.1 pts | +4.25M sh | new |
| New | PENUMBRA INC (PEN) | — | 1.0% | +1.0 pts | +85,000 sh | new |
| Exited | KARBON CAP PARTNERS CORP (KBONU) | 1.0% | — | −1.0 pts | −2.63M sh | −100% |
| New | WATERS CORP (WAT) | — | 1.0% | +1.0 pts | +92,000 sh | new |
| New | KARBON CAP PARTNERS CORP (KBON) | — | 0.9% | +0.9 pts | +2.63M sh | new |
| Exited | CHARLES RIV LABS INTL INC (CRL) | 0.9% | — | −0.9 pts | −122K sh | −100% |
| New | SNAP INC (SNAP) | — | 0.9% | +0.9 pts | +5.5M sh | new |
| New | FORTRESS VALUE ACQU CORP V (FVAV) | — | 0.9% | +0.9 pts | +2.48M sh | new |
| Exited | IQVIA HLDGS INC (IQV) | 0.9% | — | −0.9 pts | −105K sh | −100% |
| Exited | MONDELEZ INTL INC (MDLZ) | 0.8% | — | −0.8 pts | −418K sh | −100% |
| Reduced | LIBERTY ENERGY INC (LBRT) | 0.8% | 0.4% | −0.4 pts | −800K sh | −67% |
| New | ISHARES TR (IGV) | — | 0.8% | +0.8 pts | +286K sh | new |
| Exited | BLACKSTONE SECD LENDING FD (BXSL) | 0.7% | — | −0.7 pts | −765K sh | −100% |
| New | UNIFIRST CORP MASS (UNF) | — | 0.7% | +0.7 pts | +81,000 sh | new |
| New | METALS ACQUISITION CORP II (MTALU) | — | 0.7% | +0.7 pts | +1.98M sh | new |
| New | KPET ULTRA PACELINE CORP (KPET-UN) | — | 0.6% | +0.6 pts | +1.8M sh | new |
| New | SBA COMMUNICATIONS CORP (SBAC) | — | 0.6% | +0.6 pts | +102K sh | new |
| Reduced | BRITISH AMERN TOB PLC (BTI) | 4.6% | 4.0% | −0.6 pts | −275K sh | −13% |
| Increased | WARNER BROS DISCOVERY INC (WBD) | 2.1% | 2.5% | +0.4 pts | +583K sh | +29% |
| New | INFINITE EAGLE ACQUISITION C (IEAGU) | — | 0.5% | +0.5 pts | +1.5M sh | new |
| Exited | TELEFLEX INCORPORATED (TFX) | 0.5% | — | −0.5 pts | −118K sh | −100% |
| New | VERSANT MEDIA GROUP INC (VSNT) | — | 0.5% | +0.5 pts | +385K sh | new |
| New | ONEIM ACQUISITION CORP (OIMAU) | — | 0.5% | +0.5 pts | +1.36M sh | new |
| Reduced | AERCAP HOLDINGS NV (AER) | 5.9% | 4.9% | −1.0 pts | −100K sh | −9% |
| Increased | COMCAST CORP NEW (CMCSA) | 1.0% | 1.4% | +0.4 pts | +476K sh | +55% |
| New | VENTURE GLOBAL INC (VG) | — | 0.5% | +0.5 pts | +831K sh | new |
| Exited | DAEDALUS SPL ACQUISITION COR (DSACU) | 0.4% | — | −0.4 pts | −1.13M sh | −100% |
| New | DAEDALUS SPL ACQUISITION COR (DSAC) | — | 0.4% | +0.4 pts | +1.13M sh | new |
| Exited | AVIDITY BIOSCIENCES INC (RNA) | 0.4% | — | −0.4 pts | −143K sh | −100% |
| New | BP PLC (BP) | — | 0.4% | +0.4 pts | +220K sh | new |
| New | COLOMBIER ACQUISITION CORP I (CLBRU) | — | 0.4% | +0.4 pts | +1M sh | new |
| New | HENNESSY CAP INVTS CORP VIII (HCICU) | — | 0.4% | +0.4 pts | +1M sh | new |
| New | REVOLUTION MEDICINES INC (RVMD) | — | 0.4% | +0.4 pts | +102K sh | new |
| New | INVITATION HOMES INC (INVH) | — | 0.3% | +0.3 pts | +385K sh | new |
| New | AVALONBAY CMNTYS INC (AVB) | — | 0.3% | +0.3 pts | +58,000 sh | new |
The 50 largest of 95 changes, by size of the trade. Full holdings for this quarter.
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 33.0% of the equity book
Changes in the top 10 this quarter: MPC entered · NSC entered · AAMI entered · WBD entered · VISN entered · COF left · PCG left · CVS left · UNP left · NMRK left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | AERCAP HOLDINGS NV (AER) | 5.9% | 4.9% | |
| 2 | BRITISH AMERN TOB PLC (BTI) | 4.6% | 4.0% | |
| 3 | SHELL PLC (SHEL) | 4.6% | 3.8% | |
| 4 | MARATHON PETE CORP (MPC) | 2.6% | 3.4% | Entered the top 10 |
| 5 | NORFOLK SOUTHN CORP (NSC) | 2.2% | 3.2% | Entered the top 10 |
| 6 | CONSTELLATION BRANDS INC (STZ) | 3.0% | 3.2% | |
| 7 | TXNM ENERGY INC (PNM) | 3.2% | 3.0% | |
| 8 | ACADIAN ASSET MANAGEMENT INC (AAMI) | 2.5% | 2.5% | Entered the top 10 |
| 9 | WARNER BROS DISCOVERY INC (WBD) | 2.1% | 2.5% | Entered the top 10 |
| 10 | VISTANCE NETWORKS INC (VISN) | 1.4% | 2.4% | Entered the top 10 |
| — | CAPITAL ONE FINL CORP (COF) | 4.0% | 1.0% | Left the top 10 |
| — | PG&E CORP (PCG) | 3.5% | 0.0% | Left the top 10 |
| — | CVS HEALTH CORP (CVS) | 3.4% | 0.0% | Left the top 10 |
| — | UNION PAC CORP (UNP) | 3.2% | 2.1% | Left the top 10 |
| — | NEWMARK GROUP INC (NMRK) | 2.8% | 2.3% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).
Option positions (puts and calls)
Reported separately from the positions above. The value a 13F reports for an option is that of the underlying shares, not the option itself.
| Activity | Security | Type | Shares before | Shares now | Reported value |
|---|---|---|---|---|---|
| New | STATE STR SPDR S&P 500 ETF T (SPY) | Put | 0 | 105K | $68.3M |