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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
+12.52%
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
$2.84B
AUM Growth
-$1.43B
(-34%)
Cap. Flow
-$1.64B
Cap. Flow
% of AUM
-57.89%
Top 10 Holdings %
Top 10 Hldgs %
66.32%
Holding
75
New
16
Increased
8
Reduced
7
Closed
24
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Thermo Fisher Scientific
TMO
|
+$77.1M |
| 2 |
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
|
+$43.5M |
| 3 |
Lamar Advertising Co
LAMR
|
+$41.5M |
| 4 |
Air Products & Chemicals
APD
|
+$38.1M |
| 5 |
AerCap
AER
|
+$35.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
HES
Hess
HES
|
+$176M |
| 2 |
Cognizant
CTSH
|
+$140M |
| 3 |
JAH
JARDEN CORPORATION
JAH
|
+$58.1M |
| 4 |
PENN Entertainment
PENN
|
+$54M |
| 5 |
Constellation Brands
STZ
|
+$45.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 10.19% |
| 2 | Communication Services | 5.72% |
| 3 | Real Estate | 5.36% |
| 4 | Technology | 4.33% |
| 5 | Healthcare | 3.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Annaly Capital Management
NLY
$17.1B
| – | – |
-62,500
| Closed | -$2.9M |
|
|
52
PENN Entertainment
PENN
$2.75B
| – | – |
-4,312,425
| Closed | -$54M |
|
53
PUT
Invesco QQQ Trust
QQQ
$453B
| – | – |
-1,000,000
| Closed | -$78.9M |
|
54
PUT
RTX Corp
RTX
$290B
| – | – |
-1,271,200
| Closed | -$86.3M |
|
55
CALL
iShares Silver Trust
SLV
$28B
| – | – |
-500,000
| Closed | -$10.4M |
|
|
56
Constellation Brands
STZ
$22.2B
| – | – |
-800,000
| Closed | -$45.9M |
|
57
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$32.8B
| – | – |
-1,000,000
| Closed | -$46.4M |
|
58
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.65B
| – | – |
-300,000
| Closed | -$79M |
|
|
MACK
59
DELISTED
Merrimack Pharmaceuticals, Inc.
MACK
| – | – |
-5,084
| Closed | -$152K |
|
|
SUNE
60
DELISTED
SUNEDISON, INC COM
SUNE
| – | – |
-1,300,000
| Closed | -$10.4M |
|
|
JAH
61
DELISTED
JARDEN CORPORATION
JAH
| – | – |
-1,800,000
| Closed | -$58.1M |
|
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Empyrean Capital Partners's Q4 2013 Portfolio in Review
As of Q4 2013, Empyrean Capital Partners held 75 positions worth $2.84B, down 34% from $4.27B the previous quarter. Its ten largest holdings account for 66% of the portfolio.
Empyrean Capital Partners withdrew a net $1.64B in Q4 2013, closing 24 positions and reducing 7 holdings. Its most notable exit was Hess, an estimated $176M position sold in full.
By sector, the portfolio is most concentrated in Energy at 10% of assets, up from 9.7% a quarter earlier, followed by Communication Services and Real Estate.
Against the trend, Empyrean Capital Partners opened a new position in Thermo Fisher Scientific worth $86.3M.
- Empyrean Capital Partners's largest Q4 2013 buy was Thermo Fisher Scientific: 775,000 shares worth $86.3M.
- Empyrean Capital Partners added most to Lamar Advertising Co in Q4 2013, an estimated $41.5M increase.
- Empyrean Capital Partners's biggest Q4 2013 reduction was TYCO INTL PLC COM SHS (IRL), cutting an estimated $37.1M.
- Empyrean Capital Partners fully exited Hess in Q4 2013, selling an estimated $176M.
- Empyrean Capital Partners's ten largest holdings make up 66% of its $2.84B portfolio in Q4 2013.
- Empyrean Capital Partners opened 16 new positions and closed 24 in Q4 2013.
- Empyrean Capital Partners's portfolio value fell 34% quarter-over-quarter to $2.84B.
Based on Empyrean Capital Partners's 13F filing for Q4 2013, filed 13 Feb 2014.