Empyrean Capital Partners, LP

Q1 2014 13F-HR Holdings

Location
Los Angeles, CA
Holdings as of
3/31/2014
Date filed
5/14/2014
Form type
13F-HR
Num holdings
42
Total value ($000)
$2,618,243
Net value change ($000)
-222,445 (-7.8%)
New positions
12
Sold out positions
13
Turnover %
99.6%
Sector allocation + QoQ delta (equities-only)

Snapshot: Change Analysis

Compared to Q4 2013
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
UNH 73,263 278.0%
V 47,122 NEW
APD 38,253 97.8%
DOV 36,215 NEW
MEN'S WEARHOUSE INC 35,476 NEW
VOD 32,844 NEW
LNG 19,373 NEW
National General Holdings Corp. 13,370 NEW
XLV 11,055 NEW
COMMONWEALTH REIT 3,588 12.8%
Top Reduces (Value $000, Stocks/ETFs)
OXY -175,935 -100.0%
LAMAR ADVERTISING -91,438 -100.0%
TMO -86,296 -100.0%
TYCO INTERNATIONAL LTD SHS -66,940 -54.4%
AER -57,529 -100.0%
Time Warner Cable -47,425 -100.0%
TMUS -42,050 -100.0%
BROOKFIELD PPTYS CORP -32,725 -100.0%
B -30,653 -63.2%
AAL -11,673 -100.0%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 1,610,089 (61.5% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type