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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
+13.35%
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
$2.19B
AUM Growth
+$253M
Cap. Flow
-$92.8M
Cap. Flow %
-4.23%
Top 10 Hldgs %
57.24%
Holding
92
New
29
Increased
9
Reduced
6
Closed
15

Top Buys

Rank Stock Value
1
APD icon
Air Products & Chemicals
APD
+$106M
2
CELG
Celgene Corp
CELG
+$96.2M
3
ELAN icon
Elanco Animal Health
ELAN
+$76.1M
4
FOX icon
Fox Class B
FOX
+$53M
5
EQH icon
Equitable Holdings
EQH
+$45.6M

Top Sells

Rank Stock Value
1
TFCF
Twenty-First Century Fox, Inc. Class B
TFCF
+$151M
2
AABA
Altaba Inc
AABA
+$60.8M
3
I
INTELSAT S. A.
I
+$32.6M
4
CZR
Caesars Entertainment Corporation
CZR
+$19.7M
5
TSRO
TESARO, Inc.
TSRO
+$16.7M

Sector Composition

Rank Sector Weight
1 Materials 15.19%
2 Healthcare 8.34%
3 Financials 5.39%
4 Communication Services 4.56%
5 Real Estate 4.56%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SPY icon
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$778B
$500M 22.81%
1,771,100
+1,199,200
+210% +$326M
ASH icon
2
Ashland
ASH
$3.04B
$127M 5.77%
1,620,340
+443,150
+38% +$34.1M
APD icon
3
Air Products & Chemicals
APD
$66.3B
$118M 5.38%
+618,307
New +$106M
CELG
4
DELISTED
Celgene Corp
CELG
$104M 4.73%
+1,100,000
New +$96.2M
SRG
5
Seritage Growth Properties
SRG
$130M
$98.6M 4.49%
2,217,958
-202,420
-8% -$8.42M
ELAN icon
6
Elanco Animal Health
ELAN
$12.4B
$79.3M 3.61%
+2,471,462
New +$76.1M
XLF icon
7
State Street Financial Select Sector SPDR ETF
XLF
$55.6B
$68.9M 3.14%
2,681,337
-56,500
-2% -$1.46M
CELG
8
PUT
DELISTED
Celgene Corp
CELG
$56.6M 2.58%
+600,000
New +$52.5M
COTY icon
9
Coty
COTY
$2.33B
$51.8M 2.36%
+4,500,000
New +$42.6M
COTY icon
10
PUT
Coty
COTY
$2.33B
$51.8M 2.36%
+4,500,000
New +$42.6M
FOX icon
11
Fox Class B
FOX
$20.7B
$49.9M 2.27%
+1,390,662
New +$53M
EQH icon
12
Equitable Holdings
EQH
$13.1B
$48.1M 2.19%
+2,388,000
New +$45.6M
BMY icon
13
CALL
Bristol-Myers Squibb
BMY
$127B
$44.8M 2.04%
+939,100
New +$46.8M
DD icon
14
DuPont de Nemours
DD
$18.6B
$42.6M 1.94%
315,905
– –
PLYA
15
DELISTED
Playa Hotels & Resorts
PLYA
$37.4M 1.71%
4,903,069
+531,000
+12% +$4.11M
GSAH.U
16
DELISTED
GS Acquisition Holdings Corp. Units, each consisting of one share of Class A common stock and one-th
GSAH.U
$31.5M 1.43%
3,000,000
– –
LTRPA
17
DELISTED
Liberty TripAdvisor Holdings, Inc. Series A
LTRPA
$30.8M 1.4%
2,168,753
– –
TFSL icon
18
TFS Financial
TFSL
$5.1B
$29.5M 1.34%
1,788,868
– –
LBTYK icon
19
Liberty Global Class C
LBTYK
$3.27B
$27.1M 1.23%
+1,118,700
New +$26.5M
DELL icon
20
Dell
DELL
$283B
$26M 1.18%
872,650
-86,031
-9% -$2.27M
LSXMK
21
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
$25.3M 1.15%
869,209
– –
AABA
22
DELISTED
Altaba Inc
AABA
$24.8M 1.13%
334,268
-883,732
-73% -$60.8M
SNA icon
23
PUT
Snap-on
SNA
$20.9B
$22.7M 1.03%
+145,000
New +$23M
NG icon
24
NovaGold Resources
NG
$2.6B
$21.7M 0.99%
5,200,000
+695,453
+15% +$2.74M
CURO
25
DELISTED
CURO Group Holdings Corp.
CURO
$20.9M 0.95%
2,085,467
+92,182
+5% +$1.01M
1
2 3

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Empyrean Capital Partners's Q1 2019 Portfolio in Review

As of Q1 2019, Empyrean Capital Partners held 92 positions worth $2.19B, up 13% from $1.94B the previous quarter. Its ten largest holdings account for 57% of the portfolio.

Empyrean Capital Partners withdrew a net $92.8M in Q1 2019, closing 15 positions and reducing 6 holdings. Its most notable exit was Twenty-First Century Fox, Inc. Class B, an estimated $151M position sold in full.

By sector, the portfolio is most concentrated in Materials at 15% of assets, up from 8% a quarter earlier, followed by Healthcare and Financials.

Against the trend, Empyrean Capital Partners opened a new position in Air Products & Chemicals worth $118M.

  • Empyrean Capital Partners's largest Q1 2019 buy was Air Products & Chemicals: 618,307 shares worth $118M.
  • Empyrean Capital Partners added most to Ashland in Q1 2019, an estimated $34.1M increase.
  • Empyrean Capital Partners's biggest Q1 2019 reduction was Altaba Inc, cutting an estimated $60.8M.
  • Empyrean Capital Partners fully exited Twenty-First Century Fox, Inc. Class B in Q1 2019, selling an estimated $151M.
  • Empyrean Capital Partners's ten largest holdings make up 57% of its $2.19B portfolio in Q1 2019.
  • Empyrean Capital Partners opened 29 new positions and closed 15 in Q1 2019.
  • Empyrean Capital Partners's portfolio value rose 13% quarter-over-quarter to $2.19B.

Based on Empyrean Capital Partners's 13F filing for Q1 2019, filed 15 May 2019.