Empyrean Capital Partners, LP

Q3 2025 13F-HR Holdings

Location
Los Angeles, CA
Holdings as of
9/30/2025
Date filed
11/14/2025
Form type
13F-HR
Num holdings
86
Total value ($000)
$2,491,241
Net value change ($000)
-489,313 (-16.4%)
New positions
26
Sold out positions
10
Turnover %
37.5%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/14/2025 Next filing: 2/17/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
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)
UNP 78,475 NEW
BTI 71,812 159.7%
STZ 60,736 NEW
NSC 41,006 NEW
BCSS 40,259 NEW
SATS 34,855 402.0%
INFQ 33,950 NEW
COF 33,561 105.2%
VSAT 33,343 NEW
PCG 31,818 55.7%
Top Reduces (Value $000, Stocks/ETFs)
AHC -125,517 -100.0%
SPY -77,137 -100.0%
SKAA -51,805 -100.0%
JHX -33,801 -100.0%
LBRDA -32,080 -35.4%
ALIT -32,038 -66.6%
INFQ -30,902 -100.0%
UNH -29,325 -100.0%
LBRDA -17,245 -35.3%
FIP -14,635 -100.0%
Instrument mix + QoQ Δ (ex-options)
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