Empyrean Capital Partners portfolio
Investment firmPortfolio as of Jun 30, 2026 (Q2 2026) · filed with the SEC on Aug 14, 2026 · data updated on Nov 5, 2026 · Q2 2026 13F (filing) ↗ · all its 13F filings ↗
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
Empyrean Capital Partners reported a $2.6 bn portfolio of 99 companies (105 positions, counting each share class separately) to the SEC as of the end of Q2 2026. Its largest positions are VSAT, AER, BTI. During the quarter it opened Somnigroup International and Roku and exited Vistance Networks and Comcast.
Sections with a free account
What it reported after the quarter end (Q2 2026)
The 13F shows the portfolio as of Jun 30, 2026. Since then Empyrean Capital Partners has filed these own trades with the SEC (Form 4, when it owns more than 10% of a company or holds a role in it) and stakes above 5% (13D and 13G). It is not everything it did: only what it must report before the next 13F.
What changed this quarter
84 positions with a change (15 new, 11 added to, 25 trimmed, 33 sold); also, 5 entered through an IPO, 4 exited through an acquisition or merger, 3 entered through a spin-off. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- Newly listedBlackstone Digital Infrastructure TrustBXDC2.5% of the portfolio
- Newly listedChurchill Capital Corp XIICXIIU1.1% of the portfolio
- Newly listedHoneywell AerospaceHONA0.8% of the portfolio
It started trading this quarter: it appears in a 13F for the first time. The filing does not say whether the manager already held it before the listing, so it is not counted as a purchase.
- Viasat+71%more sharesIncreased1.8% → 6.6%
- Vistance Networks−2.4 ppof portfolioSold out2.4% → —
- Constellation Brands−70%fewer sharesReduced3.2% → 1.0%
- Axalta Coating Systems−84%fewer sharesReduced2.0% → 0.4%
- Somnigroup International+1.8 ppof portfolioNew— → 1.9%
- Roku+1.6 ppof portfolioNew— → 1.7%
- Shell−49%fewer sharesReduced3.8% → 1.7%
- Comcast−1.4 ppof portfolioSold out1.4% → —
- FOX−1.3 ppof portfolioSold out1.3% → —
- TXNM Energy−44%fewer sharesReduced3.0% → 1.8%
- People−1.2 ppof portfolioSold out1.2% → —
- Transocean−1.1 ppof portfolioSold out1.1% → —
The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight: what it bought or sold, excluding price effects.
Top holdings
- ViasatVSAT6.6%
- AerCap HoldingsAER5.0%
- British American Tobacco p.l.c.BTI4.5%
- Marathon PetroleumMPC3.8%
- Enova InternationalENVA3.6%
- Acadian Asset ManagementAAMI3.6%
- Norfolk SouthernNSC3.3%
- Union PacificUNP2.9%
- Newmark GroupNMRK2.5%
- Blackstone Digital Infrastructure TrustBXDC2.5%
- Apollo Global ManagementAPO2.4%
- Capital One FinancialCOF2.3%
- Churchill Capital Corp XICCXI · CCXIW2.2%
- Somnigroup InternationalSGI1.9%
- Warner Bros. DiscoveryWBD1.8%
“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.
Portfolio by sector
- ● Industrials 18%
- ● Financials 13%
- ● Communication Services 11%
- ● Energy 10%
- ● Information Technology 10%
- ● SPAC / vehículos 9%
- ● Consumer Staples 8%
- ● Real Estate 7%
- ● Health Care 5%
- ● Materials 3%
- ● Consumer Discretionary 3%
- ● Utilities 2%
- ● No sector 1%
How its portfolio changed (8 quarters)
Q2 2026: 105
Q2 2026: 38%
Q2 2026: 26.6%
Traded turnover: the weight it bought plus the weight it sold in the quarter, divided by two, excluding price moves. The plain “turnover” in the header does include that effect. With a free account: the full history and sectors over time.
Declared options (4)
Besides stocks, Empyrean Capital Partners declared 4 puts (they gain if the stock falls) with a notional of $185M. The 13F reports the value of the underlying shares, not the premium paid, so these figures look large and are not added to the portfolio. Nor does it say whether the option is bought or written, or its strike or expiry: it may be a hedge.
- PUTState Str Spdr S&P 500 ETF TSPY$65.3M
- PUTiShares Russell 2000 ETFIWMnew this quarter$54.1M
- PUTInvesco QQQ Trust Series 1 ETFQQQnew this quarter$33.1M
- PUTVaneck ETF TrustSMHnew this quarter$32.8M
Stakes above 5% (13D/13G)
Companies where this filer reported holding 5% or more of the shares. It is the figure from its latest filing on each one; history since December 2024.
How we classify it
Investment firm, per its Form ADV of Mar 30, 2026 (high confidence).
The data, as reported: EMPYREAN CAPITAL PARTNERS, LP (CRD 138978): 7.B private funds: 1 hedge (gross assets $5.0 bn); 5.D assets by client type: pooled vehicles 100% (of $5.0 bn)
The type comes from a rule applied to that data. If it looks wrong, tell us.
Not counted as a concentrated manager: its portfolio is not within 5 to 100 positions; its top 10 positions are under 45%. Its portfolio is shown all the same, but it is left out of manager counts, the consensus and the ranking. How this is decided
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