Empyrean Capital Partners, LP 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Empyrean Capital Partners, LP disclosed 86 US equity positions worth $2.5bn in its Q3 2025 13F filing. The largest position was AERCAP HOLDINGS NV at 7.3% of the reported book, followed by SHEL and BTI. Against the Q2 2025 filing, it opened 13 new positions, added to 16 and reduced 8 among the top 50 holdings.
What did Empyrean Capital Partners, LP own in Q3 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | AERCAP HOLDINGS NV | 7.3% | $181.5m | 1,500,000 | 5% | added | |
| 2 | SHEL SHELL PLC | Energy | 7.2% | $178.8m | 2,500,000 | 9% | added |
| 3 | BTI BRITISH AMERN TOB PLC | Consumer Defensive | 4.7% | $116.8m | 2,200,000 | 132% | added |
| 4 | MPC MARATHON PETE CORP | Energy | 4.4% | $108.4m | 562,500 | 6% | added |
| 5 | PCG PG&E CORP | Utilities | 3.6% | $89.0m | 5,900,000 | 44% | added |
| 6 | TXNM TXNM ENERGY INC | Utilities | 3.3% | $81.6m | 1,442,554 | 0% | held |
| 7 | NMRK NEWMARK GROUP INC | Real Estate | 3.3% | $81.3m | 4,360,150 | 0% | held |
| 8 | CVS CVS HEALTH CORP | Healthcare | 3.2% | $78.6m | 1,042,500 | 21% | added |
| 9 | UNP UNION PAC CORP | Industrials | 3.2% | $78.5m | 332,000 | – | new |
| 10 | AAMI ACADIAN ASSET MANAGEMENT INC | Financial Services | 3.0% | $74.2m | 1,541,108 | -18% | reduced |
| 11 | COF CAPITAL ONE FINL CORP | Financial Services | 2.6% | $65.5m | 308,000 | 105% | added |
| 12 | STZ CONSTELLATION BRANDS INC | Consumer Defensive | 2.4% | $60.7m | 451,000 | – | new |
| 13 | 8L8C LIBERTY BROADBAND CORP | 2.3% | $58.5m | 920,781 | 0% | held | |
| 14 | CAH CARDINAL HEALTH INC | Healthcare | 2.3% | $56.1m | 357,400 | 15% | added |
| 15 | OPTU ALTICE USA INC | Communication Services | 2.2% | $55.7m | 23,100,000 | 0% | held |
| 16 | ENVA ENOVA INTL INC | Financial Services | 2.0% | $50.8m | 441,564 | -22% | reduced |
| 17 | VTOL BRISTOW GROUP INC | 1.8% | $46.0m | 1,276,000 | 0% | held | |
| 18 | BL BLACKLINE INC | 1.8% | $45.8m | 44,000,000 | 5% | added | |
| 19 | ECHO ECHOSTAR CORP | Communication Services | 1.7% | $43.5m | 570,000 | 82% | added |
| 20 | NG NOVAGOLD RES INC | Basic Materials | 1.7% | $43.1m | 4,893,566 | -25% | reduced |
| 21 | NSC NORFOLK SOUTHN CORP | Industrials | 1.6% | $41.0m | 136,500 | – | new |
| 22 | BAIN CAP GSS INVT CORP | 1.6% | $40.3m | 3,990,000 | – | new | |
| 23 | VSH VISHAY INTERTECHNOLOGY INC | 1.5% | $38.0m | 42,000,000 | 0% | held | |
| 24 | CHURCHILL CAP CORP X | 1.4% | $34.0m | 2,640,000 | – | new | |
| 25 | VSAT VIASAT INC | Technology | 1.3% | $33.3m | 1,138,000 | – | new |
| 26 | ANIP ANI PHARMACEUTICALS INC | 1.3% | $32.3m | 23,000,000 | – | new | |
| 27 | PD PAGERDUTY INC | 1.3% | $31.8m | 32,500,000 | -19% | reduced | |
| 28 | LIBERTY BROADBAND CORP | 1.3% | $31.7m | 500,000 | 0% | held | |
| 29 | ADVANCED ENERGY INDS | 1.3% | $31.2m | 22,500,000 | 22% | added | |
| 30 | PPTA PERPETUA RESOURCES CORP | 1.2% | $30.7m | 1,517,953 | 9% | added | |
| 31 | PSX PHILLIPS 66 | Energy | 1.2% | $29.5m | 216,800 | 22% | added |
| 32 | NNI NELNET INC | Financial Services | 1.2% | $29.0m | 231,000 | – | new |
| 33 | CHURCHILL CAPITAL CORP IX | 1.1% | $27.6m | 2,633,582 | 0% | held | |
| 34 | MKSI MKS INC. | 1.1% | $27.4m | 25,000,000 | 22% | added | |
| 35 | NN NEXTNAV INC | 1.1% | $27.0m | 1,886,000 | 12% | added | |
| 36 | ON ON SEMICONDUCTOR CORP | 0.9% | $22.2m | 24,000,000 | -13% | reduced | |
| 37 | TECK TECK RESOURCES LTD | Basic Materials | 0.9% | $21.9m | 500,000 | – | new |
| 38 | SIRI SIRIUSXM HOLDINGS INC | 0.8% | $21.1m | 905,623 | 0% | held | |
| 39 | SBGI SINCLAIR INC | Communication Services | 0.7% | $17.3m | 1,144,493 | 0% | held |
| 40 | LIBERTY MEDIA CORP DEL | 0.7% | $17.0m | 175,771 | 0% | held | |
| 41 | ALITEUR ALIGHT INC | 0.6% | $16.1m | 4,930,000 | -42% | reduced | |
| 42 | AMBP ARDAGH METAL PACKAGING S A | Consumer Cyclical | 0.6% | $16.0m | 4,000,000 | 0% | held |
| 43 | GORES HLDGS X INC | 0.6% | $15.1m | 1,475,000 | – | new | |
| 44 | AEM AGNICO EAGLE MINES LTD | Basic Materials | 0.6% | $14.6m | 86,800 | -13% | reduced |
| 45 | AGI ALAMOS GOLD INC NEW | Basic Materials | 0.5% | $13.6m | 391,300 | 30% | added |
| 46 | AMPHASTAR PHARMACEUTICALS IN | 0.5% | $13.6m | 15,000,000 | 0% | held | |
| 47 | AMERICAN EXCEPTIONALISM ACQU | 0.5% | $13.4m | 1,230,000 | – | new | |
| 48 | PENGUIN SOLUTIONS INC | 0.5% | $12.5m | 10,500,000 | – | new | |
| 49 | TDS TELEPHONE & DATA SYS INC | Communication Services | 0.5% | $11.8m | 300,000 | -8% | reduced |
| 50 | SEADRILL LTD | 0.5% | $11.3m | 374,420 | – | new |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.