Empyrean Capital Partners, LP

Q4 2025 13F-HR Holdings

Location
Los Angeles, CA
Holdings as of
12/31/2025
Date filed
2/17/2026
Form type
13F-HR
Num holdings
94
Total value ($000)
$2,870,605
Net value change ($000)
+379,364 (15.2%)
New positions
29
Sold out positions
22
Turnover %
33.8%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/14/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 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)
AXTA 66,236 NEW
UNH 63,711 NEW
WBD 57,640 NEW
COF 42,133 64.3%
VISN 37,348 NEW
B 35,755 NEW
CCXI 35,735 NEW
ASH 31,799 NEW
THS 31,139 NEW
KVUE 29,877 NEW
Top Reduces (Value $000, Stocks/ETFs)
SHEL -53,909 -30.1%
MPC -37,428 -34.5%
INFQ -33,950 -100.0%
AER -23,364 -12.9%
SATS -22,981 -52.8%
TECK -21,945 -100.0%
NG -17,851 -41.5%
LLYVA -17,045 -100.0%
ALIT -16,072 -100.0%
OPTU -14,374 -25.8%
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