Latest Empyrean Capital Partners, LP Stock Portfolio

Empyrean Capital Partners, LP Performance:

2025 Q4: 2.43%YTD: 13.67%2024: 11.22%

Performance for 2025 Q4 is 2.43%, and YTD is 13.67%, and 2024 is 11.22%.

About Empyrean Capital Partners, LP and 13F Hedge Fund Stock Holdings

Empyrean Capital Partners, LP is a hedge fund based in Los Angeles, CA. On 2026-02-17, the fund reported it's updated stock portfolio. In the 13F Holdings report, Empyrean Capital Partners, LP reported an equity portfolio of $2.9 Billions as of 31 Dec, 2025.

The top stock holdings of Empyrean Capital Partners, LP are AER, SHEL, BTI. The fund has invested 5.5% of it's portfolio in AERCAP HOLDINGS NV and 4.3% of portfolio in SHELL PLC.

The fund managers got completely rid off CHURCHILL CAP CORP X, TECK RESOURCES LTD (TCKRF) and LIBERTY MEDIA CORP DEL (BATRA) stocks. They significantly reduced their stock positions in AGNICO EAGLE MINES LTD (AEM), ECHOSTAR CORP (SATS) and ALAMOS GOLD INC NEW (AGI). Empyrean Capital Partners, LP opened new stock positions in AXALTA COATING SYS LTD (AXTA), UNITEDHEALTH GROUP INC (UNH) and WARNER BROS DISCOVERY INC (WBD). The fund showed a lot of confidence in some stocks as they added substantially to RITHM ACQUISITION CORP, NORFOLK SOUTHN CORP (NSC) and CAPITAL ONE FINL CORP (COF).

Empyrean Capital Partners, LP Annual Return Estimates Vs S&P 500

Our best estimate is that Empyrean Capital Partners, LP made a return of 2.43% in the last quarter. In trailing 12 months, it's portfolio return was 13.67%.

Performance
S&P 500

New Buys

Ticker	$ Bought
axalta coating sys ltd	66,235,500
unitedhealth group inc	63,711,200
warner bros discovery inc	57,640,000
commscope hldg co inc	37,347,800
barrick mng corp	35,754,600
churchill cap corp xi	35,735,000
ashland inc	31,799,100
treehouse foods inc	31,138,800

New stocks bought by Empyrean Capital Partners, LP

Additions

Ticker	% Inc.
rithm acquisition corp	93.93
gci liberty inc	59.22
norfolk southn corp	49.3
capital one finl corp	44.16
constellation brands inc	30.09
phillips 66	22.14
oaktree acquisition corp iii	20.00
union pac corp	12.59

Additions to existing portfolio by Empyrean Capital Partners, LP

Reductions

Ticker	% Reduced
blackline inc	-96.59
agnico eagle mines ltd	-68.09
echostar corp	-66.84
alamos gold inc new	-48.04
occidental pete corp	-45.08
novagold res inc	-44.72
perpetua resources corp	-32.22
shell plc	-32.00

Empyrean Capital Partners, LP reduced stake in above stock

Sold off

Ticker	$ Sold
advanced energy inds	-31,170,400
alight inc	-16,071,800
churchill cap corp x	-33,950,400
conmed corp	-2,382,310
new gold inc cda	-9,401,690
eqv ventures ac corp. ii	-10,010,000
nexgen energy ltd	-6,721,450
frontier group hldgs inc	-3,193,980

Empyrean Capital Partners, LP got rid off the above stocks

Sector Distribution

Empyrean Capital Partners, LP has about 33.5% of it's holdings in Others sector.

Sector	%
Others	33.5
Healthcare	10.4
Financial Services	10.2
Energy	7.3
Utilities	6.7
Technology	5.8
Industrials	5.8
Consumer Defensive	5.7
Communication Services	5.7
Basic Materials	5.5
Real Estate	2.8

Market Cap. Distribution

Empyrean Capital Partners, LP has about 33.1% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
UNALLOCATED	33.5
LARGE-CAP	30.7
MID-CAP	24.3
SMALL-CAP	8.3
MEGA-CAP	2.4

Stocks belong to which Index?

About 58.8% of the stocks held by Empyrean Capital Partners, LP either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	41.2
S&P 500	35.9
RUSSELL 2000	22.9

Top 5 Winners (%)		%
ENVA	enova intl inc	36.6 %
SATS	echostar corp	28.2 %
CAH	cardinal health inc	26.2 %
SNCY	sun ctry airls hldgs inc	20.5 %
VSAT	viasat inc	17.6 %

Top 5 Winners ($)		$
AER	aercap holdings nv	29.6 M
ENVA	enova intl inc	18.6 M
CAH	cardinal health inc	14.7 M
SATS	echostar corp	12.3 M
COF	capital one finl corp	11.2 M

Top 5 Losers (%)		%
ATUS	optimum communications inc	-30.7 %
	beneficient	-26.4 %
LBRDA	liberty broadband corp	-23.8 %
LBRDA	liberty broadband corp	-23.5 %
MPC	marathon pete corp	-13.9 %

Top 5 Losers ($)		$
ATUS	optimum communications inc	-18.3 M
MPC	marathon pete corp	-15.0 M
LBRDA	liberty broadband corp	-13.8 M
LBRDA	liberty broadband corp	-7.5 M
NMRK	newmark group inc	-5.7 M

Empyrean Capital Partners, LP Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Empyrean Capital Partners, LP

Empyrean Capital Partners, LP has 84 stocks in it's portfolio. About 35.9% of the portfolio is in top 10 stocks. ATUS proved to be the most loss making stock for the portfolio. AER was the most profitable stock for Empyrean Capital Partners, LP last quarter.

Last Reported on: 17 Feb, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AEIS	advanced energy inds	0.00	0.00	0.00	sold off	-100

AEM	agnico eagle mines ltd	0.16	27,700	4,695,980	reduced	-68.09

AER	aercap holdings nv	5.51	1,100,000	158,136,000	reduced	-26.67

AGI	alamos gold inc new	0.27	203,300	7,843,310	reduced	-48.04

AKAM	akamai technologies inc	0.00	0.00	0.00	sold off	-100

ALIT	alight inc	0.00	0.00	0.00	sold off	-100

AMBP	ardagh metal packaging s a	0.57	4,000,000	16,400,000	unchanged	0.00

AMN	amn healthcare svcs inc	0.00	0.00	0.00	sold off	-100

AMPH	amphastar pharmaceuticals in	0.52	16,265,000	14,994,300	added	8.43

ANIP	ani pharmaceuticals inc	0.92	21,000,000	26,486,200	reduced	-8.7

AR	antero resources corp	0.12	101,400	3,494,240	unchanged	0.00

ASH	ashland inc	1.11	542,000	31,799,100	new

ATUS	optimum communications inc	1.44	25,028,400	41,296,900	added	8.35

AXTA	axalta coating sys ltd	2.31	2,050,000	66,235,500	new

BATRA	liberty media corp del	0.00	0.00	0.00	sold off	-100

BATRA	liberty media corp del	0.00	0.00	0.00	sold off	-100

BL	blackline inc	0.06	1,500,000	1,585,330	reduced	-96.59

BP	bp plc	0.00	0.00	0.00	sold off	-100

BSIG	acadian asset management inc	2.30	1,404,560	66,014,400	reduced	-8.86

BTI	british amern tob plc	4.34	2,200,000	124,564,000	unchanged	0.00