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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
+3.01%
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
$2.21B
AUM Growth
-$709M
(-24%)
Cap. Flow
-$806M
Cap. Flow
% of AUM
-36.5%
Top 10 Holdings %
Top 10 Hldgs %
52.2%
Holding
91
New
5
Increased
2
Reduced
13
Closed
22
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
SGEN
Seagen Inc. Common Stock
SGEN
|
+$45.9M |
| 2 |
Option Care Health
OPCH
|
+$20.5M |
| 3 |
Albertsons Companies
ACI
|
+$10.1M |
| 4 |
ATVI
Activision Blizzard
ATVI
|
+$5.75M |
| 5 |
Savers
SVV
|
+$5.59M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
VMW
VMware, Inc
VMW
|
+$135M |
| 2 |
Ashland
ASH
|
+$67.4M |
| 3 |
Ferguson
FERG
|
+$39.2M |
| 4 |
Liberty Global Class C
LBTYK
|
+$35.1M |
| 5 |
APA Corp
APA
|
+$31.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 25.34% |
| 2 | Industrials | 21.02% |
| 3 | Energy | 12% |
| 4 | Technology | 10.84% |
| 5 | Financials | 9.46% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
iShares Russell 2000 ETF
IWM
$76.9B
| $288M | 13.05% |
1,538,100
-461,900
| -23% | -$82.4M |
|
2
Marathon Petroleum
MPC
$115B
| $129M | 5.84% |
1,104,904
| – | – |
|
3
Alight
ALIT
$314M
| $123M | 5.55% |
662,893
| – | – |
|
4
AerCap
AER
$21.7B
| $114M | 5.17% |
1,797,139
| – | – |
|
5
APi Group
APG
$16B
| $109M | 4.94% |
5,997,000
-661,500
| -10% | -$10.2M |
|
6
Jacobs Solutions
J
$17B
| $102M | 4.63% |
1,038,670
-84,628
| -8% | -$8.07M |
|
|
ATVI
7
DELISTED
Activision Blizzard
ATVI
| $79M | 3.58% |
937,000
+71,050
| +8% | +$5.75M |
|
|
HES
8
DELISTED
Hess
HES
| $73M | 3.31% |
537,250
| – | – |
|
|
FYBR
9
DELISTED
Frontier Communications
FYBR
| $68.4M | 3.1% |
3,670,000
-243,000
| -6% | -$4.56M |
|
|
10
Albertsons Companies
ACI
$6.23B
| $67.3M | 3.05% |
3,086,000
+486,000
| +19% | +$10.1M |
|
|
11
Ferguson
FERG
$41.6B
| $64.8M | 2.94% |
412,000
-275,298
| -40% | -$39.2M |
|
12
FTAI Aviation
FTAI
$18.1B
| $59.3M | 2.69% |
1,873,000
-870,200
| -32% | -$24.7M |
|
|
HZNP
13
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $58.8M | 2.66% |
572,000
-100,000
| -15% | -$10.6M |
|
14
Enova International
ENVA
$4.32B
| $56.8M | 2.57% |
1,070,000
| – | – |
|
|
OKLO
15
Oklo
OKLO
$6.69B
| $50.6M | 2.29% |
4,847,126
| – | – |
|
16
Nelnet
NNI
$4.56B
| $46.3M | 2.1% |
480,073
| – | – |
|
|
SGEN
17
DELISTED
Seagen Inc. Common Stock
SGEN
| $44.5M | 2.01% |
+231,000
| New | +$45.9M |
|
|
AAMI
18
Acadian Asset Management
AAMI
$3.1B
| $39.4M | 1.78% |
1,880,634
| – | – |
|
|
VMW
19
DELISTED
VMware, Inc
VMW
| $36.8M | 1.67% |
256,000
-1,044,000
| -80% | -$135M |
|
20
NiSource
NI
$19.5B
| $32.2M | 1.46% |
1,177,000
| – | – |
|
|
DEN
21
DELISTED
Denbury Inc.
DEN
| $30.3M | 1.37% |
351,000
-254,000
| -42% | -$23M |
|
22
Bristow Group
VTOL
$1.25B
| $29.5M | 1.34% |
1,027,914
-564,086
| -35% | -$13.5M |
|
23
Newmark Group
NMRK
$2.58B
| $27.1M | 1.23% |
4,360,150
| – | – |
|
|
CCVI
24
DELISTED
Churchill Capital Corp VI
CCVI
| $26.8M | 1.21% |
2,600,000
-1,824,157
| -41% | -$18.6M |
|
|
LSXMK
25
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $24.6M | 1.12% |
972,237
| – | – |
|
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Empyrean Capital Partners's Q2 2023 Portfolio in Review
As of Q2 2023, Empyrean Capital Partners held 91 positions worth $2.21B, down 24% from $2.92B the previous quarter. Its ten largest holdings account for 52% of the portfolio.
Empyrean Capital Partners withdrew a net $806M in Q2 2023, closing 22 positions and reducing 13 holdings. Its most notable exit was Ashland, an estimated $67.4M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 25% of assets, up from 25% a quarter earlier, followed by Industrials and Energy.
Against the trend, Empyrean Capital Partners opened a new position in Seagen Inc. Common Stock worth $44.5M.
- Empyrean Capital Partners's largest Q2 2023 buy was Seagen Inc. Common Stock: 231,000 shares worth $44.5M.
- Empyrean Capital Partners added most to Albertsons Companies in Q2 2023, an estimated $10.1M increase.
- Empyrean Capital Partners's biggest Q2 2023 reduction was VMware, Inc, cutting an estimated $135M.
- Empyrean Capital Partners fully exited Ashland in Q2 2023, selling an estimated $67.4M.
- Empyrean Capital Partners's ten largest holdings make up 52% of its $2.21B portfolio in Q2 2023.
- Empyrean Capital Partners opened 5 new positions and closed 22 in Q2 2023.
- Empyrean Capital Partners's portfolio value fell 24% quarter-over-quarter to $2.21B.
Based on Empyrean Capital Partners's 13F filing for Q2 2023, filed 14 Aug 2023.