Empyrean Capital Partners LP's Q2 2026 13F: 30 new positions, 41 exits

Form 13F-HR for the quarter ended Jun 30, 2026 · filed Aug 14, 2026 · 105 reported positions · accession 0001317195-26-000003

View the filing on SEC.gov

What changed this quarter

Activity Security Weight before Weight now Change Shares Shares %
Increased VIASAT INC (VSAT) 1.8% 6.6% +4.8 pts +804K sh +71%
New BLACKSTONE DIGITAL INFRASTRU (BXDC) — 2.5% +2.5 pts +2.99M sh new
Exited VISTANCE NETWORKS INC (VISN) 2.4% — −2.4 pts −3.73M sh −100%
Reduced CONSTELLATION BRANDS INC (STZ) 3.2% 1.0% −2.3 pts −425K sh −70%
Reduced AXALTA COATING SYS LTD (AXTA) 2.0% 0.4% −1.6 pts −1.71M sh −84%
New CHURCHILL CAP CORP XI (CCXI) — 2.1% +2.1 pts +3.15M sh new
New SOMNIGROUP INTERNATIONAL INC (SGI) — 1.9% +1.9 pts +632K sh new
New ROKU INC (ROKU) — 1.7% +1.7 pts +320K sh new
Reduced SHELL PLC (SHEL) 3.8% 1.7% −2.0 pts −558K sh −49%
Exited COMCAST CORP NEW (CMCSA) 1.4% — −1.4 pts −1.35M sh −100%
Reduced TXNM ENERGY INC (PNM) 3.0% 1.8% −1.2 pts −630K sh −44%
Exited FOX CORP (FOXA) 1.3% — −1.3 pts −622K sh −100%
Exited CHURCHILL CAP CORP XI (CCXIU) 1.3% — −1.3 pts −3.5M sh −100%
Exited IAC INC (IAC) 1.2% — −1.2 pts −820K sh −100%
New CHURCHILL CAP CORP XII (CXIIU) — 1.1% +1.1 pts +2.7M sh new
Exited TRANSOCEAN LTD (RIG) 1.1% — −1.1 pts −4.57M sh −100%
Increased CAPITAL ONE FINL CORP (COF) 1.0% 2.3% +1.3 pts +140K sh +88%
Exited MISTER CAR WASH INC (MCW) 1.1% — −1.1 pts −4.25M sh −100%
New ATLAS ENERGY SOLUTIONS INC (AESI) — 1.0% +1.0 pts +1.62M sh new
Increased APOLLO GLOBAL MGMT INC (APO) 1.3% 2.4% +1.1 pts +212K sh +65%
New TERAWULF INC (WULF) — 0.8% +0.8 pts +882K sh new
Exited RITHM ACQUISITION CORP (RAC) 0.8% — −0.8 pts −2.23M sh −100%
Exited NEXTNAV INC (NN) 0.8% — −0.8 pts −1.43M sh −100%
Exited ISHARES TR (IGV) 0.8% — −0.8 pts −286K sh −100%
Reduced WARNER BROS DISCOVERY INC (WBD) 2.5% 1.8% −0.7 pts −800K sh −31%
New GENERAL CATALYST GBL RESIL M (GCGRU) — 0.8% +0.8 pts +2M sh new
New METALS ACQUISITION CORP II (MTAL) — 0.8% +0.8 pts +1.98M sh new
New HONEYWELL AEROSPACE INC (HONA)
new — newly listed security (e.g. spin-off)
 — 0.8% +0.8 pts +90,001 sh new
New ALLEGIANT TRAVEL CO (ALGT) — 0.7% +0.7 pts +161K sh new
Exited METALS ACQUISITION CORP II (MTALU) 0.7% — −0.7 pts −1.98M sh −100%
Exited KPET ULTRA PACELINE CORP (KPET-UN) 0.6% — −0.6 pts −1.8M sh −100%
Exited SBA COMMUNICATIONS CORP (SBAC) 0.6% — −0.6 pts −102K sh −100%
Exited SUN CTRY AIRLS HLDGS INC (SNCY) 0.6% — −0.6 pts −1.03M sh −100%
New LIBERTY MEDIA CORP DEL (FWONK) — 0.6% +0.6 pts +164K sh new
Reduced ELECTRONIC ARTS INC (EA) 1.6% 1.2% −0.5 pts −75,000 sh −33%
New INFINITE EAGLE ACQUISITION C (IEAG) — 0.6% +0.6 pts +1.5M sh new
Reduced CARDINAL HEALTH INC (CAH) 1.9% 1.7% −0.2 pts −63,600 sh −26%
Reduced PHILLIPS 66 (PSX) 1.5% 1.0% −0.6 pts −86,600 sh −37%
Reduced AERCAP HOLDINGS NV (AER) 4.9% 5.0% +0.1 pts −100K sh −10%
Reduced SNAP INC (SNAP) 0.9% 0.4% −0.5 pts −3.2M sh −58%
Exited INFINITE EAGLE ACQUISITION C (IEAGU) 0.5% — −0.5 pts −1.5M sh −100%
New ONEIM ACQUISITION CORP (OIM) — 0.5% +0.5 pts +1.36M sh new
New TELEFLEX INCORPORATED (TFX) — 0.5% +0.5 pts +107K sh new
Exited VERSANT MEDIA GROUP INC (VSNT) 0.5% — −0.5 pts −385K sh −100%
Exited ONEIM ACQUISITION CORP (OIMAU) 0.5% — −0.5 pts −1.36M sh −100%
Increased UNION PAC CORP (UNP) 2.1% 2.9% +0.9 pts +43,900 sh +18%
Reduced NORFOLK SOUTHN CORP (NSC) 3.2% 3.3% +0.1 pts −37,300 sh −12%
New TRIPADVISOR INC (TRIP) — 0.4% +0.4 pts +827K sh new
Reduced ECHOSTAR CORP (SATS) 0.9% 0.5% −0.5 pts −109K sh −48%
Exited LIBERTY ENERGY INC (LBRT) 0.4% — −0.4 pts −400K sh −100%

The 50 largest of 111 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 — 38.4% of the equity book

Changes in the top 10 this quarter: VSAT entered · ENVA entered · UNP entered · NMRK entered · BXDC entered · SHEL left · STZ left · PNM left · WBD left · VISN left

# Security Weight before Weight now
1 VIASAT INC (VSAT) 1.8% 6.6% Entered the top 10
2 AERCAP HOLDINGS NV (AER) 4.9% 5.0%
3 BRITISH AMERN TOB PLC (BTI) 4.0% 4.5%
4 MARATHON PETE CORP (MPC) 3.4% 3.8%
5 ENOVA INTL INC (ENVA) 1.9% 3.6% Entered the top 10
6 ACADIAN ASSET MANAGEMENT INC (AAMI) 2.5% 3.6%
7 NORFOLK SOUTHN CORP (NSC) 3.2% 3.3%
8 UNION PAC CORP (UNP) 2.1% 2.9% Entered the top 10
9 NEWMARK GROUP INC (NMRK) 2.3% 2.5% Entered the top 10
10 BLACKSTONE DIGITAL INFRASTRU (BXDC) 0.0% 2.5% Entered the top 10
— SHELL PLC (SHEL) 3.8% 1.7% Left the top 10
— CONSTELLATION BRANDS INC (STZ) 3.2% 1.0% Left the top 10
— TXNM ENERGY INC (PNM) 3.0% 1.8% Left the top 10
— WARNER BROS DISCOVERY INC (WBD) 2.5% 1.8% Left the top 10
— VISTANCE NETWORKS INC (VISN) 2.4% 0.0% 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 ISHARES TR (IWM) Put 0 180K $54.1M
New INVESCO QQQ TR (QQQ) Put 0 45,000 $33.1M
New VANECK ETF TRUST (SMH) Put 0 50,000 $32.8M
Reduced STATE STR SPDR S&P 500 ETF T (SPY) Put 105K 87,500 $65.3M