AI Portfolio Summary
In 2025 Q4, Empyrean Capital Partners, LP maintained a portfolio of 116 distinct positions. The most significant new addition to the portfolio was AXALTA COATING SYS L, which now represents 2.31% of the total fund value. They heavily accumulated shares in CAPITAL ONE FINL COR, increasing their position by 44.2%. The fund also reduced its exposure to ECHOSTAR CORP by 66.8%.
Total Positions
116
Quarter
2025 Q4
Top Holding
AER (5.5%)
Top 10 Concentration
35.9%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 116
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
AER
AERCAP HOLDINGS...
|
Industrials | 5.51% | 7.29% |
#1
Prev: #1
|
4.2 | -400,000 | -26.7% |
P
S
|
1,100,000 | $158,136,000 | 2013 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SHEL
SHELL PLC
|
Energy | 4.35% | 7.18% |
#2
Prev: #2
|
3.2 | -800,000 | -32.0% |
P
S
|
1,700,000 | $124,916,000 | 2024 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
BTI
BRITISH AMERN T...
|
Consumer Defensive | 4.34% | 4.69% |
#3
Prev: #3
|
3.7 | no change | no change |
P
S
|
2,200,000 | $124,564,000 | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
COF
CAPITAL ONE FIN...
|
Financial Services | 3.75% | 2.63% |
#4
7
Prev: #11
|
4.5 | 136,000 | 44.2% |
P
S
|
444,000 | $107,607,840 | 2021 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
PCG
PG&E CORP
|
Utilities | 3.30% | 3.57% |
#5
Prev: #5
|
2.8 | no change | no change |
P
S
|
5,900,000 | $94,813,000 | 2004 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CVS
CVS HEALTH CORP
|
Healthcare | 3.21% | 3.15% |
#6
2
Prev: #8
|
3.3 | 117,500 | 11.3% |
P
S
|
1,160,000 | $92,057,600 | 2005 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
UNP
UNION PAC CORP
|
Industrials | 3.01% | 3.15% |
#7
2
Prev: #9
|
3.2 | 41,800 | 12.6% |
P
S
|
373,800 | $86,467,416 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
TXNM
TXNM ENERGY INC
|
Utilities | 2.96% | 3.27% |
#8
2
Prev: #6
|
2.2 | no change | no change |
P
S
|
1,442,554 | $84,937,580 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
STZ
CONSTELLATION B...
|
Consumer Defensive | 2.82% | 2.44% |
#9
3
Prev: #12
|
3.6 | 135,700 | 30.1% |
P
S
|
586,700 | $80,941,132 | 2012 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NMRK
NEWMARK GROUP I...
|
Real Estate | 2.63% | 3.26% |
#10
3
Prev: #7
|
2.1 | no change | no change |
P
S
|
4,360,150 | $75,605,001 | 2017 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MPC
MARATHON PETE C...
|
Energy | 2.47% | 4.35% |
#11
7
Prev: #4
|
1.0 | -126,000 | -22.4% |
P
S
|
436,500 | $70,987,995 | 2019 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ENVA
ENOVA INTL INC
|
Financial Services | 2.42% | 2.04% |
#12
4
Prev: #16
|
2.0 | no change | no change |
P
S
|
441,564 | $69,413,861 | 2015 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AXTA
AXALTA COATING ...
|
Basic Materials | 2.31% | — |
#13
Prev: #—
|
4.4 | 2,050,000 | no change |
NEW
|
2,050,000 | $66,235,500 | 2019 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AAMI
ACADIAN ASSET M...
|
Financial Services | 2.30% | 2.98% |
#14
4
Prev: #10
|
1.4 | -136,546 | -8.9% |
P
S
|
1,404,562 | $66,014,414 | 2022 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
UNH
UNITEDHEALTH GR...
|
Healthcare | 2.22% | — |
#15
Prev: #—
|
4.4 | 193,000 | no change |
NEW
|
193,000 | $63,711,230 | 2013 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NSC
NORFOLK SOUTHN ...
|
Industrials | 2.05% | 1.65% |
#16
5
Prev: #21
|
3.3 | 67,300 | 49.3% |
P
S
|
203,800 | $58,841,136 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
WBD
WARNER BROS DIS...
|
Communication Services | 2.01% | — |
#17
Prev: #—
|
4.3 | 2,000,000 | no change |
NEW
|
2,000,000 | $57,640,000 | 2010 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CAH
CARDINAL HEALTH...
|
Healthcare | 1.77% | 2.25% |
#18
4
Prev: #14
|
0.7 | -109,600 | -30.7% |
P
S
|
247,800 | $50,922,900 | 2025 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
LBRDK
LIBERTY BROADBA...
|
Communication Services | 1.56% | 2.35% |
#19
6
Prev: #13
|
1.6 | no change | no change |
P
S
|
920,781 | $44,749,957 | 2024 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
VTOL
BRISTOW GROUP I...
|
Energy | 1.55% | 1.85% |
#20
3
Prev: #17
|
1.1 | -61,401 | -4.8% |
P
S
|
1,214,599 | $44,478,615 | 2020 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ATUS
OPTIMUM COMMUNI...
|
Unknown | 1.44% | 2.23% |
#21
6
Prev: #15
|
2.6 | 1,928,407 | 8.3% |
P
S
|
25,028,407 | $41,296,872 | 2024 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
N/A
BAIN CAP GSS IN...
|
—
|
Unknown | 1.42% | 1.62% |
#22
Prev: #22
|
1.6 | no change | no change |
P
S
|
3,990,000 | $40,777,800 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
VISHAY INTERTEC...
|
—
|
Bond/Debt | 1.38% | 1.53% |
#23
Prev: #23
|
1.1 | 2,000,000 | 4.8% |
P
S
|
44,000,000 | $39,555,106 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
VSAT
VIASAT INC
|
Technology | 1.37% | 1.34% |
#24
1
Prev: #25
|
1.5 | no change | no change |
P
S
|
1,138,000 | $39,215,480 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
COMM
COMMSCOPE HLDG ...
|
Technology | 1.30% | — |
#25
Prev: #—
|
4.0 | 2,060,000 | no change |
NEW
|
2,060,000 | $37,347,800 | 2021 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
B
BARRICK MNG COR...
|
Basic Materials | 1.25% | — |
#26
Prev: #—
|
4.0 | 821,000 | no change |
NEW
|
821,000 | $35,754,550 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
N/A
CHURCHILL CAP C...
|
—
|
Unknown | 1.24% | — |
#27
Prev: #—
|
4.0 | 3,500,000 | no change |
NEW
|
3,500,000 | $35,735,000 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
PSX
PHILLIPS 66
|
Energy | 1.19% | 1.18% |
#28
3
Prev: #31
|
3.0 | 48,000 | 22.1% |
P
S
|
264,800 | $34,169,792 | 2023 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ASH
ASHLAND INC
|
Basic Materials | 1.11% | — |
#29
Prev: #—
|
3.9 | 542,000 | no change |
NEW
|
542,000 | $31,799,140 | 2018 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NN
NEXTNAV INC
|
Technology | 1.09% | 1.08% |
#30
5
Prev: #35
|
1.4 | no change | no change |
P
S
|
1,886,000 | $31,383,040 | 2024 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
THS
TREEHOUSE FOODS...
|
Consumer Defensive | 1.08% | — |
#31
Prev: #—
|
3.9 | 1,320,000 | no change |
NEW
|
1,320,000 | $31,138,800 | 2015 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NNI
NELNET INC
|
Financial Services | 1.07% | 1.16% |
#32
Prev: #32
|
1.4 | no change | no change |
P
S
|
231,000 | $30,713,760 | 2020 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
N/A
MKS INC.
|
—
|
Bond/Debt | 1.06% | 1.10% |
#33
1
Prev: #34
|
0.9 | -1,200,000 | -4.8% |
P
S
|
23,800,000 | $30,427,436 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
KVUE
KENVUE INC
|
Consumer Defensive | 1.04% | — |
#34
Prev: #—
|
3.9 | 1,732,000 | no change |
NEW
|
1,732,000 | $29,877,000 | 2023 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CCIX
CHURCHILL CAPIT...
|
Financial Services | 0.98% | 1.11% |
#35
2
Prev: #33
|
1.4 | no change | no change |
P
S
|
2,633,582 | $27,994,977 | 2024 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
N/A
PAGERDUTY INC
|
—
|
Bond/Debt | 0.95% | 1.28% |
#36
9
Prev: #27
|
0.9 | -4,000,000 | -12.3% |
P
S
|
28,500,000 | $27,131,774 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
KARBON CAP PART...
|
—
|
Unknown | 0.92% | — |
#37
Prev: #—
|
3.9 | 2,632,752 | no change |
NEW
|
2,632,752 | $26,498,649 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
ANI PHARMACEUTI...
|
—
|
Bond/Debt | 0.92% | 1.30% |
#38
12
Prev: #26
|
0.9 | -2,000,000 | -8.7% |
P
S
|
21,000,000 | $26,486,250 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
IAC
IAC INC
|
Communication Services | 0.92% | — |
#39
Prev: #—
|
3.9 | 677,000 | no change |
NEW
|
677,000 | $26,470,700 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
QRVO
QORVO INC
|
Technology | 0.91% | — |
#40
Prev: #—
|
3.9 | 309,000 | no change |
NEW
|
309,000 | $26,113,590 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CMCSA
COMCAST CORP NE...
|
Communication Services | 0.90% | — |
#41
Prev: #—
|
3.9 | 868,700 | no change |
NEW
|
868,700 | $25,965,443 | 2015 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NG
NOVAGOLD RES IN...
|
Basic Materials | 0.88% | 1.73% |
#42
22
Prev: #20
|
0.4 | -2,188,466 | -44.7% |
P
S
|
2,705,100 | $25,211,532 | 2016 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
PPTA
PERPETUA RESOUR...
|
Basic Materials | 0.87% | 1.23% |
#43
13
Prev: #30
|
0.3 | -489,100 | -32.2% |
P
S
|
1,028,853 | $24,908,531 | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CRL
CHARLES RIV LAB...
|
Healthcare | 0.84% | — |
#44
Prev: #—
|
3.8 | 121,500 | no change |
NEW
|
121,500 | $24,236,820 | 2010 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
LBRDA
LIBERTY BROADBA...
|
Communication Services | 0.84% | 1.27% |
#45
17
Prev: #28
|
1.3 | no change | no change |
P
S
|
500,000 | $24,140,000 | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
N/A
ON SEMICONDUCTO...
|
—
|
Bond/Debt | 0.83% | 0.89% |
#46
10
Prev: #36
|
0.8 | 1,000,000 | 4.2% |
P
S
|
25,000,000 | $23,704,647 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
IQV
IQVIA HLDGS INC
|
Healthcare | 0.82% | — |
#47
Prev: #—
|
3.8 | 104,650 | no change |
NEW
|
104,650 | $23,589,157 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MDLZ
MONDELEZ INTL I...
|
Consumer Defensive | 0.78% | — |
#48
Prev: #—
|
3.8 | 418,000 | no change |
NEW
|
418,000 | $22,500,940 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
LBRT
LIBERTY ENERGY ...
|
Energy | 0.77% | — |
#49
Prev: #—
|
3.8 | 1,200,000 | no change |
NEW
|
1,200,000 | $22,152,000 | 2018 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SATS
ECHOSTAR CORP
|
Communication Services | 0.72% | 1.75% |
#50
31
Prev: #19
|
0.3 | -381,000 | -66.8% |
P
S
|
189,000 | $20,544,300 | 2024 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) |
Showing 1-50 of 116 holdings