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ECP
Empyrean Capital Partners Portfolio holdings
AUM
$3.07B
1-Year Est. Return
34.24%
This Fund
S&P 500
This Quarter
Est. Return
+2.24%
1 Year Est. Return
+34.24%
3 Year Est. Return
+104.05%
5 Year Est. Return
+133.06%
10 Year Est. Return
+500.1%
AUM
$1.87B
AUM Growth
-$340M
(-15%)
Cap. Flow
-$469M
Cap. Flow
% of AUM
-25.1%
Top 10 Holdings %
Top 10 Hldgs %
54.38%
Holding
80
New
20
Increased
13
Reduced
8
Closed
16
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Pfizer
PFE
|
+$101M |
| 2 |
LADR
Ladder Capital
LADR
|
+$54.1M |
| 3 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$39.1M |
| 4 |
Xerox
XRX
|
+$30.6M |
| 5 |
TWX
Time Warner Inc
TWX
|
+$26.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Dell
DELL
|
+$111M |
| 2 |
Labcorp
LH
|
+$95.7M |
| 3 |
NXP Semiconductors
NXPI
|
+$53.5M |
| 4 |
iShares Russell 2000 ETF
IWM
|
+$52.1M |
| 5 |
EVHC
Envision Healthcare Holdings Inc
EVHC
|
+$34.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 15.92% |
| 2 | Technology | 11.39% |
| 3 | Financials | 10.74% |
| 4 | Healthcare | 7.51% |
| 5 | Real Estate | 7.37% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Telephone and Data Systems
TDS
$3.92B
| $16.5M | 0.88% |
+588,000
| New | +$16M |
|
27
State Street SPDR S&P Retail ETF
XRT
$329M
| $15.8M | 0.84% |
356,000
+135,000
| +61% | +$6.18M |
|
|
JBGS
28
JBG SMITH
JBGS
$829M
| $13.5M | 0.72% |
+400,000
| New | +$13.3M |
|
|
ELVT
29
DELISTED
Elevate Credit, Inc.
ELVT
| $13.1M | 0.7% |
1,855,589
-149,709
| -7% | -$1.11M |
|
30
NovaGold Resources
NG
$2.61B
| $12.6M | 0.67% |
2,904,547
+435,000
| +18% | +$1.74M |
|
|
P
31
DELISTED
Pandora Media Inc
P
| $11.6M | 0.62% |
2,299,514
+299,514
| +15% | +$1.43M |
|
32
General Mills
GIS
$19.2B
| $10.2M | 0.55% |
+227,000
| New | +$12.3M |
|
33
CALL
United Airlines
UAL
$41.7B
| $9.03M | 0.48% |
130,000
-70,000
| -35% | -$4.84M |
|
|
NIHD
34
DELISTED
NII Holdings, Inc. Common Stock
NIHD
| $8.73M | 0.47% |
4,136,265
+2,136,265
| +107% | +$2.21M |
|
|
ILPT
35
Industrial Logistics Properties Trust
ILPT
$584M
| $7.89M | 0.42% |
+388,074
| New | +$8.3M |
|
|
I
36
DELISTED
INTELSAT S. A.
I
| $6.96M | 0.37% |
+1,850,214
| New | +$6.85M |
|
37
Vanguard Real Estate ETF
VNQ
$39.3B
| $6.79M | 0.36% |
+90,000
| New | +$6.89M |
|
|
GG
38
DELISTED
Goldcorp Inc
GG
| $6.22M | 0.33% |
450,000
+300,000
| +200% | +$4.05M |
|
39
PUT
Alibaba
BABA
$305B
| $6.15M | 0.33% |
+33,500
| New | +$6.31M |
|
|
NGD
40
DELISTED
New Gold Inc
NGD
| $5.42M | 0.29% |
2,099,316
+815,000
| +63% | +$2.29M |
|
41
Liberty Energy
LBRT
$3.1B
| $5.15M | 0.28% |
+305,000
| New | +$6.01M |
|
42
Newmark Group
NMRK
$2.72B
| $4.37M | 0.23% |
287,877
-62,720
| -18% | -$971K |
|
43
Super Micro Computer
SMCI
$18.5B
| $4.33M | 0.23% |
+2,545,760
| New | +$5.1M |
|
44
CALL
VanEck Gold Miners ETF
GDX
$23.2B
| $4.22M | 0.23% |
+192,000
| New | +$4.33M |
|
|
DSKE
45
DELISTED
Daseke, Inc. Common Stock
DSKE
| $4.16M | 0.22% |
+425,000
| New | +$5.07M |
|
46
Victory Capital Holdings
VCTR
$6.49B
| $4M | 0.21% |
+325,000
| New | +$4.09M |
|
|
SFS
47
DELISTED
Smart & Final Stores, Inc.
SFS
| $3.01M | 0.16% |
541,624
-378,659
| -41% | -$3.03M |
|
48
Cardlytics
CDLX
$23.6M
| $2.95M | 0.16% |
+20,178
| New | +$3.41M |
|
|
CADE
49
DELISTED
Cadence Bancorporation
CADE
| $2.25M | 0.12% |
+82,449
| New | +$2.3M |
|
|
MDR
50
PUT
DELISTED
McDermott International
MDR
| $1.77M | 0.09% |
+96,667
| New | +$2.21M |
|
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Empyrean Capital Partners's Q1 2018 Portfolio in Review
As of Q1 2018, Empyrean Capital Partners held 80 positions worth $1.87B, down 15% from $2.21B the previous quarter. Its ten largest holdings account for 54% of the portfolio.
Empyrean Capital Partners withdrew a net $469M in Q1 2018, closing 16 positions and reducing 8 holdings. Its most notable exit was Labcorp, an estimated $95.7M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 16% of assets, up from 8.8% a quarter earlier, followed by Technology and Financials.
Against the trend, Empyrean Capital Partners opened a new position in Pfizer worth $99.4M.
- Empyrean Capital Partners's largest Q1 2018 buy was Pfizer: 2,951,200 shares worth $99.4M.
- Empyrean Capital Partners added most to Twenty-First Century Fox, Inc. Class A in Q1 2018, an estimated $39.1M increase.
- Empyrean Capital Partners's biggest Q1 2018 reduction was Dell, cutting an estimated $111M.
- Empyrean Capital Partners fully exited Labcorp in Q1 2018, selling an estimated $95.7M.
- Empyrean Capital Partners's ten largest holdings make up 54% of its $1.87B portfolio in Q1 2018.
- Empyrean Capital Partners opened 20 new positions and closed 16 in Q1 2018.
- Empyrean Capital Partners's portfolio value fell 15% quarter-over-quarter to $1.87B.
Based on Empyrean Capital Partners's 13F filing for Q1 2018, filed 15 May 2018.