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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
+2.22%
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
$2.39B
AUM Growth
-$314M
(-12%)
Cap. Flow
-$577M
Cap. Flow
% of AUM
-24.08%
Top 10 Holdings %
Top 10 Hldgs %
48.39%
Holding
109
New
34
Increased
12
Reduced
10
Closed
25
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
ITC
ITC HOLDINGS CORP
ITC
|
+$97.7M |
| 2 |
Molson Coors Class B
TAP
|
+$83.4M |
| 3 |
BXLT
BAXALTA INC COM STK (DE)
BXLT
|
+$70.9M |
| 4 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$58.7M |
| 5 |
HOT
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
|
+$54.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BRCM
BROADCOM CORP CL-A
BRCM
|
+$61.5M |
| 2 |
Comcast
CMCSA
|
+$57.8M |
| 3 |
AGN
Allergan plc
AGN
|
+$56M |
| 4 |
Synchrony
SYF
|
+$53.2M |
| 5 |
AbbVie
ABBV
|
+$47.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 9.26% |
| 2 | Communication Services | 8.34% |
| 3 | Technology | 7.03% |
| 4 | Consumer Staples | 6.76% |
| 5 | Real Estate | 5.48% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
iShares 20+ Year Treasury Bond ETF
TLT
$41.4B
| – | – |
-289,634
| Closed | -$34.9M |
|
|
VMW
77
DELISTED
VMware, Inc
VMW
| – | – |
-100,000
| Closed | -$5.66M |
|
|
MIME
78
DELISTED
Mimecast Limited
MIME
| – | – |
-219,896
| Closed | -$2.11M |
|
|
NBL
79
PUT
DELISTED
Noble Energy, Inc.
NBL
| – | – |
-204,600
| Closed | -$6.74M |
|
|
AGN
80
DELISTED
Allergan plc
AGN
| – | – |
-179,210
| Closed | -$56M |
|
|
JASO
81
DELISTED
JA Solar Holdings, Co., Ltd
JASO
| – | – |
-165,000
| Closed | -$1.6M |
|
|
TSL
82
DELISTED
Trina Solar Limited
TSL
| – | – |
-131,700
| Closed | -$1.45M |
|
|
SEMI
83
DELISTED
SunEdison Semiconductor Limited
SEMI
| – | – |
-600,000
| Closed | -$4.7M |
|
|
PTX
84
DELISTED
Pernix Therapeutics Holdings, Inc.
PTX
| – | – |
-1,500
| Closed | -$44K |
|
|
BRCM
85
DELISTED
BROADCOM CORP CL-A
BRCM
| – | – |
-1,064,000
| Closed | -$61.5M |
|
|
ACAS
86
DELISTED
American Capital Ltd
ACAS
| – | – |
-1,566,737
| Closed | -$21.6M |
|
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Empyrean Capital Partners's Q1 2016 Portfolio in Review
As of Q1 2016, Empyrean Capital Partners held 109 positions worth $2.39B, down 12% from $2.71B the previous quarter. Its ten largest holdings account for 48% of the portfolio.
Empyrean Capital Partners withdrew a net $577M in Q1 2016, closing 25 positions and reducing 10 holdings. Its most notable exit was BROADCOM CORP CL-A, an estimated $61.5M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 9.3% of assets, down from 12% a quarter earlier, followed by Communication Services and Technology.
Against the trend, Empyrean Capital Partners opened a new position in Molson Coors Class B worth $89.9M.
- Empyrean Capital Partners's largest Q1 2016 buy was Molson Coors Class B: 935,000 shares worth $89.9M.
- Empyrean Capital Partners added most to ITC HOLDINGS CORP in Q1 2016, an estimated $97.7M increase.
- Empyrean Capital Partners's biggest Q1 2016 reduction was Investors Bancorp, Inc., cutting an estimated $34.5M.
- Empyrean Capital Partners fully exited BROADCOM CORP CL-A in Q1 2016, selling an estimated $61.5M.
- Empyrean Capital Partners's ten largest holdings make up 48% of its $2.39B portfolio in Q1 2016.
- Empyrean Capital Partners opened 34 new positions and closed 25 in Q1 2016.
- Empyrean Capital Partners's portfolio value fell 12% quarter-over-quarter to $2.39B.
Based on Empyrean Capital Partners's 13F filing for Q1 2016, filed 16 May 2016.