Empyrean Capital Partners, LP
13F Reported Value
ⓘ$3.0B
incl. option notional
Equity Holdings
ⓘ$2.8B
Option Notional
ⓘ$185.4M
$185.4M puts / $0 calls
Holdings
122
Latest Filing
2026-06-30
Filing Quarter
Q2 2026
Portfolio Overview
Empyrean Capital Partners, LP disclosed 122 positions worth $3.0B in its Form 13F-HR for Q2 2026 — $2.8B in common stock plus $185.4M of put/call option positions (reported at underlying notional value, not premium at risk), led by $VSAT (VIASAT INC) at 6.1% of the equity portfolio, followed by $AER and $BTI. During the quarter the fund opened 42 new positions and exited 44 — including a new stake in $BXDC and a full exit from $VISN. The portfolio is most concentrated in Financials (18.3% of disclosed assets). All figures are sourced directly from Empyrean Capital Partners, LP’s Form 13F-HR filing with the SEC under CIK 1317195.
AI Fund Analysis
ConcentratingSector Allocation
AUM History
Top Equity Holdings by Value
Option Positions
13F rules report options at the value of the underlying shares (notional) — not the premium paid or capital at risk. Shown separately from the equity sleeve above.
Quarterly Activity — Q2 2026
Click any card to unlockTop Holdings
- 58.8#976
Quality
$174.4M1,942,000 sh - —
Quality
$131.2M900,000 sh - —
Quality
$118.9M1,925,000 sh - 61.0
Quality
$101.1M395,600 sh - 69.9
Quality
$94.1M391,000 sh - 72.1
Quality
$93.5M1,308,000 sh - 63.2
Quality
$88.0M279,800 sh - 69.7
Quality
$76.8M282,200 sh - 74.1
Quality
$65.9M4,360,150 sh - —
Quality
$65.3M87,500 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
 VIASAT INC$VSAT | 58.8#976 | $174.4M | 1,942,000 |
 AerCap Holdings N.V.$AER | — | $131.2M | 900,000 |
 British American Tobacco p.l.c.$BTI | — | $118.9M | 1,925,000 |
 Marathon Petroleum Corp$MPC | 61.0 | $101.1M | 395,600 |
 Enova International, Inc.$ENVA | 69.9 | $94.1M | 391,000 |
 Acadian Asset Management Inc.$AAMI | 72.1 | $93.5M | 1,308,000 |
 NORFOLK SOUTHERN CORP$NSC | 63.2 | $88.0M | 279,800 |
 UNION PACIFIC CORP$UNP | 69.7 | $76.8M | 282,200 |
 NEWMARK GROUP, INC.$NMRK | 74.1 | $65.9M | 4,360,150 |
 SPDR S&P 500 ETF TRUST$SPYPUT | — | $65.3M | 87,500 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of Empyrean Capital Partners, LP's 122 positions.
Showing top 10 of 122 holdings.
Sector Allocation
Financials
$518.9M
Communication Services
$423.8M
Industrials
$403.7M
Energy
$277.1M
Consumer Staples
$258.1M
Other
$253.1M
Technology
$208.6M
Real Estate
$185.9M
Full Holdings — Empyrean Capital Partners, LP (Q2 2026)
All 122 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.
| # | Ticker | Company | Value | Weight | QoQ | Quality |
|---|---|---|---|---|---|---|
| 1 | $VSAT | VIASAT INC | $174.4M | 6.1% | +71% | 58.8 |
| 2 | $AER | AerCap Holdings N.V. | $131.2M | 4.6% | -10% | — |
| 3 | $BTI | British American Tobacco p.l.c. | $118.9M | 4.2% | +0% | — |
| 4 | $MPC | Marathon Petroleum Corp | $101.1M | 3.6% | -1% | 61 |
| 5 | $ENVA | Enova International, Inc. | $94.1M | 3.3% | -1% | 69.9 |
| 6 | $AAMI | Acadian Asset Management Inc. | $93.5M | 3.3% | -0% | 72.1 |
| 7 | $NSC | NORFOLK SOUTHERN CORP | $88.0M | 3.1% | -12% | 63.2 |
| 8 | $UNP | UNION PACIFIC CORP | $76.8M | 2.7% | +18% | 69.7 |
| 9 | $NMRK | NEWMARK GROUP, INC. | $65.9M | 2.3% | +0% | 74.1 |
| 10 | $SPYPUT | SPDR S&P 500 ETF TRUST | $65.3M | — | -17% | — |
| 11 |  $BXDC | Blackstone Digital Infrastructure Trust Inc. | $64.6M | 2.3% | NEW | — |
| 12 |  $APO | Apollo Global Management, Inc. | $63.9M | 2.3% | +65% | 52.1 |
| 13 |  $COF | CAPITAL ONE FINANCIAL CORP | $60.2M | 2.1% | +88% | 62.4 |
| 14 | — | CHURCHILL CAP CORP XI - CL A ORD SHS | $55.0M | 1.9% | NEW | — |
| 15 | — | ISHARES TR - RUSSELL 2000 ETF | $54.1M | — | NEW | — |
| 16 |  $SGI | SOMNIGROUP INTERNATIONAL INC. | $49.5M | 1.7% | NEW | 71.6 |
| 17 |  $WBD | Warner Bros. Discovery, Inc. | $47.5M | 1.7% | -31% | 41.4 |
| 18 |  $TXNM | TXNM ENERGY INC | $46.1M | 1.6% | -44% | 52.8 |
| 19 |  $SHEL | Shell plc | $45.3M | 1.6% | -49% | — |
| 20 |  $ROKU | ROKU, INC | $44.2M | 1.6% | NEW | 66.7 |
| 21 |  $VTOL | Bristow Group Inc. | $44.1M | 1.6% | -9% | 51.3 |
| 22 |  $CAH | CARDINAL HEALTH INC | $43.8M | 1.5% | -26% | 62.4 |
| 23 |  $BCSS | Bain Capital GSS Investment Corp. | $41.0M | 1.4% | +0% | — |
| 24 |  $WAT | WATERS CORP /DE/ | $39.6M | 1.4% | +15% | 60.4 |
| 25 |  $ASH | ASHLAND INC. | $35.7M | 1.3% | +0% | 50 |
| 26 |  $QQQPUT | INVESCO QQQ TRUST, SERIES 1 | $33.1M | — | NEW | — |
| 27 |  $KVUE | Kenvue Inc. | $33.1M | 1.2% | +0% | 60.3 |
| 28 | — | VANECK ETF TRUST - SEMICONDUCTR ETF | $32.8M | — | NEW | — |
| 29 |  $EA | ELECTRONIC ARTS INC. | $31.2M | 1.1% | -33% | 62.9 |
| 30 |  $NNI | NELNET INC | $30.8M | 1.1% | +0% | 65.3 |
| 31 |  $LBRDA | Liberty Broadband Corp | $30.6M | 1.1% | +0% | 53 |
| 32 |  $ANIP | ANI PHARMACEUTICALS INC | $29.7M | 1.1% | -2% | 72.5 |
| 33 |  $CXII | Churchill Capital Corp XII | $29.2M | 1.0% | NEW | — |
| 34 |  $QRVO | Qorvo, Inc. | $28.8M | 1.0% | +0% | 59.1 |
| 35 |  $CCIX | Churchill Capital Corp IX/Cayman | $28.7M | 1.0% | +0% | — |
| 36 |  $PD | PagerDuty, Inc. | $28.0M | 1.0% | -8% | 60.4 |
| 37 |  $AESI | Atlas Energy Solutions Inc. | $26.9M | 0.9% | NEW | 37.5 |
| 38 |  $PEN | Penumbra Inc | $26.8M | 0.9% | +0% | 67.1 |
| 39 | — | KARBON CAP PARTNERS CORP - ORD SHS CL A | $26.6M | 0.9% | +0% | — |
| 40 |  $PSX | Phillips 66 | $25.3M | 0.9% | -37% | 57.8 |
| 41 |  $STZ | CONSTELLATION BRANDS, INC. | $25.2M | 0.9% | -70% | 59.8 |
| 42 | — | FORTRESS VALUE ACQU CORP V - ORD SHS CL A | $25.0M | 0.9% | +0% | — |
| 43 | — | AMPHASTAR PHARMACEUTICALS IN - NOTE 2.000% 3/1 | $22.0M | 0.8% | +20% | — |
| 44 |  $WULF | TERAWULF INC. | $21.8M | 0.8% | NEW | 33.8 |
| 45 |  $UNF | UNIFIRST CORP | $21.4M | 0.8% | +0% | 48 |
| 46 |  $GCGR | General Catalyst Global Resilience Merger Corp. | $20.6M | 0.7% | NEW | — |
| 47 |  $KMB | KIMBERLY CLARK CORP | $20.5M | 0.7% | +0% | 58.7 |
| 48 |  $SIRI | SIRIUS XM HOLDINGS INC. | $20.5M | 0.7% | +0% | 61.5 |
| 49 | — | DOORDASH INC - NOTE 5/1 | $20.3M | 0.7% | NEW | — |
| 50 |  $B | BARRICK MINING CORP | $20.2M | 0.7% | -18% | 69.6 |
| 51 |  $MTAL | Metals Acquisition Corp. II | $20.1M | 0.7% | NEW | — |
| 52 |  $HONA | Honeywell Aerospace Inc. | $19.9M | 0.7% | NEW | — |
| 53 | — | CHEESECAKE FACTORY INC - NOTE 2.000% 3/1 | $19.7M | 0.7% | +0% | — |
| 54 |  $AMBP | Ardagh Metal Packaging S.A. | $19.0M | 0.7% | +0% | — |
| 55 |  $ALGT | Allegiant Travel CO | $18.9M | 0.7% | NEW | 51.5 |
| 56 | — | CLOUDFLARE INC - NOTE 6/1 | $18.8M | 0.7% | NEW | — |
| 57 | — | RIVIAN AUTOMOTIVE INC - NOTE 4.625% 3/1 | $17.7M | 0.6% | NEW | — |
| 58 |  $TNDM | TANDEM DIABETES CARE INC | $17.7M | 0.6% | NEW | 42.8 |
| 59 | $LBRDA | Liberty Broadband Corp | $16.6M | 0.6% | +0% | 53 |
| 60 |  $SITM | SITIME Corp | $16.6M | 0.6% | NEW | 66.1 |
| 61 |  $BP | BP PLC | $16.1M | 0.6% | +98% | — |
| 62 |  $CPT | CAMDEN PROPERTY TRUST | $15.7M | 0.6% | +46% | 61 |
| 63 |  $FWONA | Liberty Media Corp | $15.6M | 0.6% | NEW | 63.2 |
| 64 |  $GTEN | Gores Holdings X, Inc. / CI | $15.4M | 0.5% | +0% | — |
| 65 |  $INVH | Invitation Homes Inc. | $15.2M | 0.5% | +31% | 68.9 |
| 66 | — | INFINITE EAGLE ACQUISITION C - CL A | $15.2M | 0.5% | NEW | — |
| 67 |  $AVB | AVALONBAY COMMUNITIES INC | $15.1M | 0.5% | +38% | 65.5 |
| 68 |  $LLYVA | Liberty Live Holdings, Inc. | $14.2M | 0.5% | +0% | 27.5 |
| 69 |  $RVMD | Revolution Medicines, Inc. | $14.1M | 0.5% | -26% | — |
| 70 |  $PPTA | PERPETUA RESOURCES CORP. | $14.1M | 0.5% | -19% | — |
| 71 |  $NG | NOVAGOLD RESOURCES INC | $13.8M | 0.5% | -14% | — |
| 72 | — | ONEIM ACQUISITION CORP - ORD SHS CL A | $13.7M | 0.5% | NEW | — |
| 73 |  $TFX | TELEFLEX INC | $13.6M | 0.5% | NEW | 37.5 |
| 74 |  $DK | Delek US Holdings, Inc. | $13.5M | 0.5% | +27% | 50.8 |
| 75 |  $SBGI | Sinclair, Inc. | $13.5M | 0.5% | -10% | 46.9 |
| 76 |  $AEXA | American Exceptionalism Acquisition Corp. A | $13.0M | 0.5% | -11% | — |
| 77 |  $CTRI | Centuri Holdings, Inc. | $12.5M | 0.4% | +4% | 51.9 |
| 78 |  $ECHO | EchoStar CORP | $12.1M | 0.4% | -48% | 32.8 |
| 79 |  $AXTA | Axalta Coating Systems Ltd. | $11.5M | 0.4% | -84% | — |
| 80 |  $TRIP | TripAdvisor, Inc. | $11.3M | 0.4% | NEW | 40.8 |
| 81 | — | COLOMBIER ACQUISITION CORP I - ORD SHS CL A | $10.3M | 0.4% | NEW | — |
| 82 |  $SNAP | Snap Inc | $10.2M | 0.4% | -58% | 56.2 |
| 83 |  $OACC | Oaktree Acquisition Corp. III Life Sciences | $9.6M | 0.3% | +0% | — |
| 84 |  $ARI | Apollo Commercial Real Estate Finance, Inc. | $9.4M | 0.3% | +0% | 43.2 |
| 85 |  $ITRI | ITRON, INC. | $9.2M | 0.3% | +47% | 55.8 |
| 86 |  $TDS | TELEPHONE & DATA SYSTEMS INC /DE/ | $9.1M | 0.3% | -18% | 42.3 |
| 87 |  $LION | Lionsgate Studios Corp. | $7.6M | 0.3% | NEW | 43.4 |
| 88 | $LLYVA | Liberty Live Holdings, Inc. | $7.3M | 0.3% | +0% | 27.5 |
| 89 |  $OPTU | Optimum Communications, Inc. | $6.4M | 0.2% | -43% | 32.7 |
| 90 |  $EQT | EQT Corp | $5.9M | 0.2% | +0% | 83.7 |
| 91 |  $ETSY | ETSY INC | $5.8M | 0.2% | NEW | 61.2 |
| 92 |  $DVN | DEVON ENERGY CORP/DE | $5.6M | 0.2% | NEW | 74.8 |
| 93 | — | INFLEQTION INC - *W EXP 02/17/203 | $5.2M | 0.2% | +0% | — |
| 94 |  $OXY | OCCIDENTAL PETROLEUM CORP /DE/ | $5.1M | 0.2% | -33% | 62.6 |
| 95 |  $VG | Venture Global, Inc. | $5.0M | 0.2% | -46% | 69.5 |
| 96 |  $ALRM | Alarm.com Holdings, Inc. | $4.7M | 0.2% | NEW | 57.1 |
| 97 |  $TDAY | USA TODAY Co., Inc. | $4.3M | 0.1% | NEW | 37.5 |
| 98 |  $RRC | RANGE RESOURCES CORP | $3.8M | 0.1% | +0% | 79.4 |
| 99 |  $AR | ANTERO RESOURCES Corp | $3.6M | 0.1% | +0% | 75.4 |
| 100 |  $EXE | EXPAND ENERGY Corp | $3.1M | 0.1% | +0% | 80.8 |
| 101 |  $SSMR | Sunshine Silver Mining & Refining Co | $3.1M | 0.1% | NEW | — |
| 102 |  $INBX | Inhibrx Biosciences, Inc. | $2.8M | 0.1% | NEW | 30 |
| 103 |  $AGI | ALAMOS GOLD INC | $2.8M | 0.1% | +0% | — |
| 104 |  $PUMP | ProPetro Holding Corp. | $2.7M | 0.1% | NEW | 41.8 |
| 105 | — | CHURCHILL CAP CORP XI - *W EXP 12/10/203 | $2.6M | 0.1% | NEW | — |
| 106 |  $ACIC | AMERICAN COASTAL INSURANCE Corp | $2.6M | 0.1% | -80% | 61.8 |
| 107 |  $CC | Chemours Co | $2.5M | 0.1% | NEW | 43.4 |
| 108 |  $UWMC | UWM Holdings Corp | $1.9M | 0.1% | NEW | 55.3 |
| 109 |  $CRK | COMSTOCK RESOURCES INC | $1.8M | 0.1% | +0% | 62.5 |
| 110 |  $MGPI | MGP INGREDIENTS INC | $1.5M | 0.1% | NEW | 24 |
| 111 |  $VIR | Vir Biotechnology, Inc. | $1.2M | 0.0% | -78% | 38.2 |
| 112 | $MTAL | Metals Acquisition Corp. II | $726,000 | 0.0% | NEW | — |
| 113 | $BCSS | Bain Capital GSS Investment Corp. | $542,640 | 0.0% | +0% | — |
| 114 | — | KARBON CAP PARTNERS CORP - *W EXP 12/11/203 | $493,641 | 0.0% | +0% | — |
| 115 |  $REA | Rare Earths Americas, Inc. | $458,400 | 0.0% | NEW | — |
| 116 | $CCIX | Churchill Capital Corp IX/Cayman | $343,200 | 0.0% | +0% | — |
| 117 | — | INFINITE EAGLE ACQUISITION C - RIGHT 01/13/2031 | $292,455 | 0.0% | NEW | — |
| 118 | — | ONEIM ACQUISITION CORP - *W EXP 01/07/203 | $181,107 | 0.0% | NEW | — |
| 119 |  $THM | INTERNATIONAL TOWER HILL MINES LTD | $179,100 | 0.0% | +0% | — |
| 120 | — | COLOMBIER ACQUISITION CORP I - *W EXP 12/31/203 | $100,000 | 0.0% | NEW | — |
| 121 |  $COCH | Envoy Medical, Inc. | $3,735 | 0.0% | +0% | — |
| 122 |  $BENF | Beneficient | $1,000 | 0.0% | +0% | — |
New Positions (42)
$BXDC Blackstone Digital Infrastructure Trust Inc.$64.6M$SGI SOMNIGROUP INTERNATIONAL INC.$49.5M$ROKU ROKU, INC$44.2M$QQQPUT INVESCO QQQ TRUST, SERIES 1$33.1M$CXII Churchill Capital Corp XII$29.2M$AESI Atlas Energy Solutions Inc.$26.9M$WULF TERAWULF INC.$21.8M$GCGR General Catalyst Global Resilience Merger Corp.$20.6M$MTAL Metals Acquisition Corp. II$20.1M$HONA Honeywell Aerospace Inc.$19.9M$ALGT Allegiant Travel CO$18.9MExited Positions (44)
$VISN Vistance Networks, Inc.
$VSH VISHAY INTERTECHNOLOGY INC
$CCZ COMCAST CORP
$FOX Fox Corp
$CCXI Churchill Capital Corp XI
$RIG Transocean Ltd.
$MCW Mister Car Wash, Inc.
$ON ON SEMICONDUCTOR CORP
$RAC Rithm Acquisition Corp.
$NN NEXTNAV INC.
$SBAC SBA COMMUNICATIONS CORPBrowse Top Institutional Investors
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