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ECP
Empyrean Capital Partners Portfolio holdings
AUM
$3.03B
1-Year Est. Return
47.81%
This Fund
S&P 500
This Quarter
Est. Return
+0.02%
1 Year Est. Return
+47.81%
3 Year Est. Return
+131.37%
5 Year Est. Return
+161.39%
10 Year Est. Return
+590.42%
AUM
$2.62B
AUM Growth
-$222M
(-7.8%)
Cap. Flow
-$526M
Cap. Flow
% of AUM
-20.09%
Top 10 Holdings %
Top 10 Hldgs %
76.98%
Holding
65
New
15
Increased
7
Reduced
4
Closed
23
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
UnitedHealth
UNH
|
+$65.1M |
| 2 |
Visa
V
|
+$48.5M |
| 3 |
MW
THE MENS WAREHOUSE INC
MW
|
+$36M |
| 4 |
Air Products & Chemicals
APD
|
+$34.4M |
| 5 |
Vodafone
VOD
|
+$34.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Occidental Petroleum
OXY
|
+$176M |
| 2 |
Lamar Advertising Co
LAMR
|
+$91.4M |
| 3 |
Thermo Fisher Scientific
TMO
|
+$86.3M |
| 4 |
TYC
TYCO INTL PLC COM SHS (IRL)
TYC
|
+$69.8M |
| 5 |
AerCap
AER
|
+$57.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 71.06% |
| 2 | Communication Services | 5.09% |
| 3 | Financials | 4.91% |
| 4 | Energy | 4.58% |
| 5 | Materials | 4.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$799B
| $1.04B | 39.91% |
5,587,100
+5,287,100
| +1,762% | +$970M |
|
2
PUT
State Street Health Care Select Sector SPDR ETF
XLV
$43.5B
| $234M | 8.94% |
+4,000,000
| New | +$231M |
|
|
3
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$799B
| $187M | 7.14% |
1,000,000
-3,200,000
| -76% | -$587M |
|
|
YHOO
4
DELISTED
Yahoo Inc
YHOO
| $101M | 3.84% |
2,800,000
+78,600
| +3% | +$3M |
|
|
5
UnitedHealth
UNH
$337B
| $99.6M | 3.8% |
1,215,000
+865,000
| +247% | +$65.1M |
|
|
6
Air Products & Chemicals
APD
$64.7B
| $77.4M | 2.96% |
702,650
+324,300
| +86% | +$34.4M |
|
|
7
CALL
Visa
V
$701B
| $75.6M | 2.89% |
+1,400,000
| New | +$77.8M |
|
8
PUT
Mastercard
MA
$502B
| $68.7M | 2.62% |
+920,000
| New | +$71.9M |
|
9
Liberty Media Series A
FWONA
$21.8B
| $65.4M | 2.5% |
2,814,485
| – | – |
|
10
TFS Financial
TFSL
$4.79B
| $62.1M | 2.37% |
5,000,000
| – | – |
|
|
TYC
11
DELISTED
TYCO INTL PLC COM SHS (IRL)
TYC
| $56.2M | 2.15% |
1,265,375
-1,599,625
| -56% | -$69.8M |
|
|
12
Visa
V
$701B
| $47.1M | 1.8% |
+873,200
| New | +$48.5M |
|
13
Dover
DOV
$25.5B
| $36.2M | 1.38% |
+548,434
| New | +$34.1M |
|
|
MW
14
DELISTED
THE MENS WAREHOUSE INC
MW
| $35.5M | 1.36% |
+724,300
| New | +$36M |
|
|
15
Vodafone
VOD
$40.9B
| $32.8M | 1.25% |
+892,268
| New | +$34.4M |
|
|
EQC
16
DELISTED
Equity Commonwealth
EQC
| $31.6M | 1.21% |
1,200,000
| – | – |
|
|
DISCK
17
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $28.1M | 1.07% |
729,196
| – | – |
|
18
Cheniere Energy
LNG
$56B
| $19.4M | 0.74% |
+350,000
| New | +$16.8M |
|
|
B
19
Barrick Mining
B
$70.3B
| $17.8M | 0.68% |
1,000,000
-1,750,000
| -64% | -$33.8M |
|
|
NGHC
20
DELISTED
National General Holdings Corp
NGHC
| $13.4M | 0.51% |
+955,000
| New | +$13.4M |
|
|
KWK
21
DELISTED
QUICKSILVER RESOURCES INC
KWK
| $13.2M | 0.5% |
5,000,000
+1,078,019
| +27% | +$3.29M |
|
|
22
State Street Health Care Select Sector SPDR ETF
XLV
$43.5B
| $11.1M | 0.42% |
+189,000
| New | +$10.9M |
|
|
VDTH
23
DELISTED
Videocon d2h Limited
VDTH
| $6.64M | 0.25% |
684,380
+186,880
| +38% | +$1.8M |
|
24
GE Aerospace
GE
$319B
| $3.24M | 0.12% |
26,083
-26,083
| -50% | -$3.22M |
|
|
HAWK
25
DELISTED
Blackhawk Network Holdings, Inc. Common Stock
HAWK
| $3.05M | 0.12% |
+125,000
| New | +$3.28M |
|
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Empyrean Capital Partners's Q1 2014 Portfolio in Review
As of Q1 2014, Empyrean Capital Partners held 65 positions worth $2.62B, down 7.8% from $2.84B the previous quarter. Its ten largest holdings account for 77% of the portfolio.
Empyrean Capital Partners withdrew a net $526M in Q1 2014, closing 23 positions and reducing 4 holdings. Its most notable exit was Occidental Petroleum, an estimated $176M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 71% of assets, up from 61% a quarter earlier, followed by Communication Services and Financials.
Against the trend, Empyrean Capital Partners opened a new position in Visa worth $47.1M.
- Empyrean Capital Partners's largest Q1 2014 buy was Visa: 873,200 shares worth $47.1M.
- Empyrean Capital Partners added most to UnitedHealth in Q1 2014, an estimated $65.1M increase.
- Empyrean Capital Partners's biggest Q1 2014 reduction was TYCO INTL PLC COM SHS (IRL), cutting an estimated $69.8M.
- Empyrean Capital Partners fully exited Occidental Petroleum in Q1 2014, selling an estimated $176M.
- Empyrean Capital Partners's ten largest holdings make up 77% of its $2.62B portfolio in Q1 2014.
- Empyrean Capital Partners opened 15 new positions and closed 23 in Q1 2014.
- Empyrean Capital Partners's portfolio value fell 7.8% quarter-over-quarter to $2.62B.
Based on Empyrean Capital Partners's 13F filing for Q1 2014, filed 14 May 2014.