SEC 13F Intelligence

Managers / Q1 2020 · view latest →

Empyrean Capital Partners, LP

CIK 0001317195 · 10250 CONSTELLATION BOULEVARD, SUITE 2950, LOS ANGELES, CA, 90067 · (310)843-9900

Reported Value
$1.5B
Q1 2020
Positions
65
Filings on Record
30
2019–present window
Filed
May 15, 2020
original filing

Summary

Empyrean Capital Partners, LP reported $1.5B in U.S.-listed holdings across 65 positions for Q1 2020.

Its largest position, RTN1USD, represents 18.9% of the portfolio.

Compared with Q4 2019, the fund opened 22 new positions and exited 14.

Portfolio Metrics

Turnover
+49.9%
vs prior filed quarter
Top-10 Concentration
+61.6%
share of reported value
Largest Position
+18.9%
Raytheon
New / Exited
22 / 14
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $1.9BQ4 ’18Q1 ’19: $2.2BQ2 ’19: $2.2BQ3 ’19: $1.9BQ4 ’19: $1.5BQ4 ’19Q1 ’20: $1.5BQ2 ’20: $1.7BQ3 ’20: $2.5BQ4 ’20: $3.1BQ4 ’20Q1 ’21: $3.5BQ2 ’21: $4.4BQ3 ’21: $4.5BQ4 ’21: $3.8BQ4 ’21Q1 ’22: $4.5BQ2 ’22: $3.1BQ3 ’22: $3.2BQ4 ’22: $3.2BQ4 ’22Q1 ’23: $2.9BQ2 ’23: $2.2BQ3 ’23: $1.6BQ4 ’23: $1.6BQ4 ’23Q1 ’24: $1.7BQ2 ’24: $1.7BQ3 ’24: $2.4BQ4 ’24: $2.2BQ4 ’24Q1 ’25: $2.8BQ2 ’25: $3.0BQ3 ’25: $2.5BQ4 ’25: $2.9BQ4 ’25Q1 ’26: $3.1Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 62.7%Other: 18.3%US DOMESTIC: 16.1%Tracking Stk: 2.4%Right: 0.3%Other: 0.2%
  • Common Stock · 62.7% · $912M
  • Other · 18.3% · $266M
  • US DOMESTIC · 16.1% · $234M
  • Tracking Stk · 2.4% · $35M
  • Right · 0.3% · $5M
  • Other · 0.2% · $3M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
RTN1USDRAYTHEON CONEW+2.91M2.91M+$275M$275M
SMCIUSDSUPER MICRO COMPUTER INCNEW+3.37M3.37M+$72M$72M
JECUSDJACOBS ENGR GROUP INCNEW+813.6K813.6K+$64M$64M
BACVERIZON COMMUNICATIONS INCNEW+875.0K875.0K+$47M$47M
LOGMEURLOGMEIN INCNEW+350.0K350.0K+$29M$29M
JPMJPMORGAN CHASE & CONEW+319.1K319.1K+$29M$29M
ASHASHLAND GLOBAL HLDGS INCNEW+533.2K533.2K+$27M$27M
DYCOM INDS INCNEW+28.43M28.43M+$24M$24M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2020

48 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1RTN1USDRAYTHEON COhistory →COM NEW18.87%$275M2.91M
2ALLERGAN PLCSHS14.58%$212M1.20M
3MPCMARATHON PETE CORPhistory →COM5.65%$82M3.48M
4SMCIUSDSUPER MICRO COMPUTER INChistory →COM4.93%$72M3.37M
5JECUSDJACOBS ENGR GROUP INChistory →COM4.43%$64M813.6K
6LOWLOWES COS INChistory →COM3.63%$53M614.0K
7BACVERIZON COMMUNICATIONS INChistory →COM3.23%$47M875.0K
8LIBERTY MEDIA CORP DELAWARECOM C SIRIUSXM · COM A SIRIUSXM2.39%$35M1.10M
9NGNOVAGOLD RES INChistory →COM NEW2.30%$34M4.54M
10DYDYCOM INDS INCNOTE 0.750% 9/1 · COM2.09%$30M28.66M
11EXPEAGLE MATERIALS INChistory →COM2.01%$29M500.0K
12LOGMEURLOGMEIN INChistory →COM2.00%$29M350.0K
13JPMJPMORGAN CHASE & COhistory →COM1.97%$29M319.1K
14VISHAY INTERTECHNOLOGY INCNOTE 2.250% 6/11.92%$28M31.00M
15TFSLTFS FINL CORPhistory →COM1.88%$27M1.79M
16ASHASHLAND GLOBAL HLDGS INChistory →COM1.84%$27M533.2K
17HGVHILTON GRAND VACATIONS INChistory →COM1.77%$26M1.63M
18ATLAS AIR WORLDWIDE HLDGS INNOTE 1.875% 6/01.50%$22M26.80M
19CREE INCNOTE 0.875% 9/01.50%$22M23.50M
20WILLIS TOWERS WATSON PLC LTDSHS1.42%$21M122.0K
21FLRFLUOR CORP NEWhistory →COM1.42%$21M2.98M
22BLACKSTONE MTG TR INCNOTE 4.375% 5/01.37%$20M25.00M
23PRA GROUP INCNOTE 3.500% 6/01.36%$20M22.65M
24SPLUNK INCNOTE 0.500% 9/11.30%$19M17.50M
25SRGSERITAGE GROWTH PPTYShistory →CL A1.25%$18M1.99M
26PCGPG&E CORPhistory →COM1.17%$17M1.90M
27PALO ALTO NETWORKS INCNOTE 0.750% 7/00.99%$14M15.00M
28CALAMP CORPNOTE 2.000% 8/00.81%$12M17.85M
29QIAGEN NVSHS NEW0.79%$11M275.2K
30AMCI ACQUISITION CORPUNIT 01/07/20190.72%$10M1.00M
31VOCERA COMMUNICATIONS INCNOTE 1.500% 5/10.72%$10M10.55M
32NMRKNEWMARK GROUP INCCL A0.68%$10M2.33M
33TDCTERADATA CORP DELCOM0.66%$10M466.6K
34BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW0.65%$9M51.7K
35APOLLO COML REAL EST FIN INCNOTE 5.375% 10/10.64%$9M14.10M
36PLAYA HOTELS & RESORTS NVSHS0.64%$9M5.29M
37CUROEURCURO GROUP HLDGS CORPCOM0.61%$9M1.68M
38ALTAIR ENGR INCNOTE 0.250% 6/00.43%$6M7.09M
39CNNECANNAE HLDGS INCCOM0.41%$6M178.4K
40BMY-RBRISTOL MYERS SQUIBB CORIGHT 99/99/99990.34%$5M1.29M
41NEWPARK RES INCNOTE 4.000%12/00.33%$5M6.50M
42TEAM INCNOTE 5.000% 8/00.32%$5M6.50M
43OPKO HEALTH INCNOTE 4.500% 2/10.32%$5M7.00M
44CLOVIS ONCOLOGY INCNOTE 1.250% 5/00.30%$4M6.75M
45HIGHLAND INCOME FUNDHIGHLAND INCOME0.24%$3M401.3K
46FTI CONSULTING INCNOTE 2.000% 8/10.23%$3M2.50M
47FNFFIDELITY NATIONAL FINANCIALFNF GROUP COM0.22%$3M126.9K
48NXENEXGEN ENERGY LTDCOM0.22%$3M4.09M

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$3.1B124May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$2.9B94Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$2.5B86Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$3.0B75Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$2.8B59May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$2.2B71Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$2.4B69Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$1.7B69Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$1.7B66May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$1.6B58Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$1.6B72Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$2.2B69Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$2.9B87May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$3.2B112Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$3.2B128Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$3.1B153Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$4.5B197May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$3.8B186Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$4.5B183Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$4.4B177Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$3.5B164May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$3.1B128Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$2.5B81Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$1.7B68Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$1.5B65May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$1.5B57Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$1.9B77Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$2.2B78Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$2.2B77May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$1.9B64Feb 14, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.