SEC 13F Intelligence

Managers / Q1 2021 · view latest →

Empyrean Capital Partners, LP

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

Reported Value
$3.5B
Q1 2021
Positions
164
Filings on Record
30
2019–present window
Filed
May 17, 2021
original filing

Summary

Empyrean Capital Partners, LP reported $3.5B in U.S.-listed holdings across 164 positions for Q1 2021.

Its largest position, BAC, represents 5.7% of the portfolio.

Compared with Q4 2020, the fund opened 90 new positions and exited 55.

Portfolio Metrics

Turnover
+31.5%
vs prior filed quarter
Top-10 Concentration
+34.7%
share of reported value
Largest Position
+5.7%
Verizon Communications
New / Exited
90 / 55
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: 60.0%Other: 29.9%US DOMESTIC: 7.9%Tracking Stk: 1.5%Unit: 0.6%Other: 0.1%
  • Common Stock · 60.0% · $2.1B
  • Other · 29.9% · $1.0B
  • US DOMESTIC · 7.9% · $275M
  • Tracking Stk · 1.5% · $52M
  • Unit · 0.6% · $20M
  • Other · 0.1% · $5M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
METAFACEBOOK INCNEW+286.2K286.2K+$84M$84M
IFFINTERNATIONAL FLAVORS&FRAGRANEW+425.2K425.2K+$59M$59M
DENUSDDENBURY INCNEW+1.10M1.10M+$53M$53M
FORTRESS CAPITAL ACQUISITIONNEW+3.11M3.11M+$31M$31M
SCION TECH GROWTH INEW+2.91M2.91M+$29M$29M
AUSTERLITZ ACQUISITION CORPNEW+2.83M2.83M+$28M$28M
CHURCHILL CAPITAL CORP VINEW+2.80M2.80M+$28M$28M
LONGVIEW ACQUISITION CORP IINEW+2.75M2.75M+$28M$28M

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

Holdings — Q1 2021

48 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BACVERIZON COMMUNICATIONS INChistory →COM5.71%$199M3.43M
2MPCMARATHON PETE CORPhistory →COM5.36%$187M3.50M
3JECUSDJACOBS ENGR GROUP INChistory →COM3.92%$137M1.06M
4FEFIRSTENERGY CORPhistory →COM3.78%$132M3.80M
5VOYAVOYA FINANCIAL INChistory →COM3.78%$132M2.07M
6SMCIUSDSUPER MICRO COMPUTER INChistory →COM2.51%$88M2.24M
7ASHASHLAND GLOBAL HLDGS INChistory →COM2.50%$87M982.4K
8APGAPI GROUP CORPhistory →COM STK2.43%$85M4.10M
9METAFACEBOOK INChistory →CL A2.42%$84M286.2K
10FISVFISERV INChistory →COM2.26%$79M661.6K
11CNNECANNAE HLDGS INChistory →COM2.15%$75M1.90M
12AERCAP HOLDINGS NVSHS1.95%$68M1.16M
13PCGPG&E CORPhistory →COM1.78%$62M5.32M
14SOCIAL CAPITAL HEDOSOPHA HLDSHS CL A1.74%$61M5.61M
15IFFINTERNATIONAL FLAVORS&FRAGRAhistory →COM1.70%$59M425.2K
16VTOLBRISTOW GROUP INChistory →COM1.62%$56M2.18M
17APOLLO STRATEGIC GROWTH CAPTSHS CL A1.62%$56M5.70M
18VG1EURVONAGE HLDGS CORPhistory →COM1.59%$56M4.70M
19DENUSDDENBURY INChistory →COM1.51%$53M1.10M
20ATLAS AIR WORLDWIDE HLDGS INNOTE 1.875% 6/01.38%$48M40.00M
21NMRKNEWMARK GROUP INChistory →CL A1.37%$48M4.77M
22TDSTELEPHONE & DATA SYS INChistory →COM NEW1.31%$46M1.99M
23VISHAY INTERTECHNOLOGY INCNOTE 2.250% 6/11.06%$37M34.00M
24TDCTERADATA CORP DELhistory →COM1.03%$36M932.9K
25LIBERTY MEDIA CORP DELCOM C SIRIUSXM0.95%$33M753.1K
26CUROEURCURO GROUP HOLDINGS CORPhistory →COM0.93%$33M2.23M
27TFSLTFS FINL CORPhistory →COM0.91%$32M1.55M
28FORTRESS CAPITAL ACQUISITIONUNIT 99/99/99990.89%$31M3.11M
29TWC TECH HLDGS II CORPCOM0.88%$31M3.12M
30SCION TECH GROWTH ICL A SHS0.82%$29M2.91M
31AUSTERLITZ ACQUISITION CORPUNIT 99/99/99990.81%$28M2.83M
32SUPERNOVA PARTNERS ACQUISITICOM CL A0.81%$28M2.79M
33CHURCHILL CAPITAL CORP VIUNIT 99/99/99990.81%$28M2.80M
34LONGVIEW ACQUISITION CORP IIUNIT 99/99/99990.79%$28M2.75M
35WPFFOLEY TRASIMENE ACQUISTN CORhistory →COM CL A0.79%$27M2.73M
36CHURCHILL CAPITAL CORP VCOM CL A0.75%$26M2.66M
37SPLUNK INCNOTE 0.500% 9/10.67%$23M20.50M
38NIJNELNET INChistory →CL A0.66%$23M316.4K
39EIXEDISON INTLhistory →COM0.64%$22M381.4K
40ETWOGBPE2OPEN PARENT HOLDINGS INChistory →COM CL A0.63%$22M2.20M
41PRA GROUP INCNOTE 3.500% 6/00.62%$22M20.00M
42PLAYA HOTELS & RESORTS NVSHS0.61%$21M2.90M
43PERIPHAS CAPITAL PARTNERINGCOM CL A0.59%$21M867.4K
44CBRE ACQUISITION HLDGS INCCOM CL A0.58%$20M2.06M
45KAHC/UKKR ACQUISITION HOLDING I COhistory →UNIT 99/99/99990.57%$20M2.00M
46MARQUEE RAINE ACQUISITION COCL A SHS0.56%$19M1.96M
47JAWS MUSTANG ACQUISITION CORUNIT 99/99/99990.56%$19M1.91M
48FLEX LTDORD0.55%$19M1.05M

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 ↗.