1y return+17.6%S&P 500 +20.9%
3y return+36.4%S&P 500 +68.5%
5y return+35.3%S&P 500 +74.5%
10y return+54.9%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $155 against $357 in the S&P 500.2
Empyrean Capital Partners, LPS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| VSATViasat Inc | $174.4M | 6.6% | +70.7% |
| Aercap Holdings NvCUSIP N00985106 | $131.2M | 5.0% | −10.0% |
| BTIBritish Amern Tob PLC | $118.9M | 4.5% | |
| MPCMarathon Pete Corp | $101.1M | 3.8% | |
| ENVAEnova Intl Inc | $94.1M | 3.6% | |
| AAMIAcadian Asset Management Inc | $93.5M | 3.6% | |
| NSCNorfolk Southn Corp | $88.0M | 3.3% | −11.8% |
| UNPUnion Pac Corp | $76.8M | 2.9% | +18.4% |
| NMRKNewmark Group Inc | $65.9M | 2.5% | |
| BXDCBlackstone Digital Infrastru | $64.6M | 2.5% | New |
| APOApollo Global Mgmt Inc | $63.9M | 2.4% | +64.5% |
| COFCapital One Finl Corp | $60.2M | 2.3% | +87.5% |
| Churchill Cap Corp XiCUSIP G2131A108 | $55.0M | 2.1% | New |
| SGISomnigroup International Inc | $49.5M | 1.9% | New |
| Warner Bros Discovery IncCUSIP 934423104 | $47.5M | 1.8% | −31.0% |
| TXNMTxnm Energy Inc | $46.1M | 1.8% | −43.7% |
| SHELShell PLC | $45.3M | 1.7% | −48.9% |
| ROKURoku Inc | $44.2M | 1.7% | New |
| VTOLBristow Group Inc | $44.1M | 1.7% | −8.8% |
| CAHCardinal Health Inc | $43.8M | 1.7% | −25.7% |
| Bain Cap Gss Invt CorpCUSIP G0R78B106 | $41.0M | 1.6% | |
| WATWaters Corp | $39.6M | 1.5% | +14.7% |
| ASHAshland Inc | $35.7M | 1.4% | |
| KVUEKenvue Inc | $33.1M | 1.3% | |
| Electronic Arts IncCUSIP 285512109 | $31.2M | 1.2% | −33.0% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| ENVAEnova Intl Inc | June 30, 2021 | +603.7% | $94.1M |
| Aercap Holdings NvCUSIP N00985106 | December 31, 2020 | +219.8% | $131.2M |
| NMRKNewmark Group Inc | June 30, 2020 | +210.9% | $65.9M |
| VSATViasat Inc | September 30, 2025 | +206.5% | $174.4M |
| VTOLBristow Group Inc | June 30, 2020 | +196.6% | $44.1M |
| AAMIAcadian Asset Management Inc | March 31, 2022 | +194.9% | $93.5M |
| MPCMarathon Pete Corp | March 31, 2025 | +75.5% | $101.1M |
| CAHCardinal Health Inc | March 31, 2025 | +72.4% | $43.8M |
| PSXPhillips 66 | June 30, 2025 | +41.7% | $25.3M |
| TXNMTxnm Energy Inc | December 31, 2023 | +36.5% | $46.1M |
Sold off last quarter
- VISNVistance Networks Inc was $67.9M
- CMCSAComcast Corp New was $38.6M
- FOXAFox Corp was $36.3M
- Churchill Cap Corp XiCUSIP G2131A124 was $35.9M
- PPLIIac Inc was $32.8M
- Transocean LtdCUSIP H8817H100 was $30.3M
- Mister Car Wash IncCUSIP 60646V105 was $29.6M
- Rithm Acquisition CorpCUSIP G75751100 was $23.2M
- NNNextnav Inc was $22.9M
- IGVIshares Tr was $22.9M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +4.7% | +14.8% |
| March 31, 2026 | +2.2% | −4.6% |
| December 31, 2025 | +3.9% | +2.4% |
| September 30, 2025 | +5.7% | +7.8% |
| June 30, 2025 | +2.9% | +10.5% |
| March 31, 2025 | +0.3% | −4.6% |
| December 31, 2024 | −0.0% | +2.1% |
| September 30, 2024 | +5.9% | +5.4% |
| June 30, 2024 | −10.4% | +4.0% |
| March 31, 2024 | +9.0% | +10.0% |
| December 31, 2023 | +6.1% | +11.2% |
| September 30, 2023 | +2.5% | −3.6% |
| June 30, 2023 | +4.1% | +8.3% |
| March 31, 2023 | +2.0% | +7.0% |
| December 31, 2022 | +11.6% | +7.1% |
| September 30, 2022 | −1.5% | −5.3% |
| June 30, 2022 | −13.1% | −16.5% |
| March 31, 2022 | −3.7% | −4.9% |
| December 31, 2021 | +3.8% | +10.7% |
| September 30, 2021 | −2.1% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Empyrean Capital Partners, LP Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1317195&type=13F-HR&dateb=&owner=include&count=40CIK 1317195
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1317195/000131719526000003/Filed August 14, 2026 · accession 0001317195-26-000003