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Livermore
Livermore
ZHEN

Empyrean Capital Partners, LP

SEC CIK
0001317195
Latest filing
Aug 14, 2026

The latest 13F from Empyrean Capital Partners, LP covers Q2 2026 (filed Aug 14, 2026): 118 long positions worth $2.84B. The top 10 holdings make up 35.5% of the portfolio, and the largest is Viasat Inc (VSAT) at 6.1%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
39
Est. +$588.1M
Added
11
Est. +$166.3M
Reduced
28
Est. −$366.2M
Sold out
44
Est. −$670.8M

Top 5 holdings

Share of this quarter's portfolio value

  1. VSATViasat Inc
    6.1%$174.4MHistory
  2. AERAerCap Holdings N.V.
    4.6%$131.2MHistory
  3. BTIBritish American Tobacco p.l.c.
    4.2%$118.9MHistory
  4. MPCMarathon Petroleum Corp
    3.6%$101.1MHistory
  5. ENVAEnova International, Inc.
    3.3%$94.1MHistory

Share of portfolio

Top 5 holdings and the other 113 positions, by share of portfolio value

  1. VSAT6.1%
  2. AER4.6%
  3. BTI4.2%
  4. MPC3.6%
  5. ENVA3.3%
  6. Other 113 positions78.2%

Biggest buys

New and added positions, by estimated amount bought

  1. VSATViasat Inc
    +$72.2MAddedHistory
  2. BXDCBlackstone Digital Infrastructure Trust Inc.
    +$64.6MNewHistory
  3. CCXIChurchill Capital Corp XI
    +$55.0MNewHistory
  4. SGISomnigroup International Inc.
    +$49.5MNewHistory
  5. ROKURoku, Inc
    +$44.2MNewHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. VSATViasat Inc
    +4.40 pp1.7% → 6.1%History
  2. BXDCBlackstone Digital Infrastructure Trust Inc.
    +2.27 pp0.0% → 2.3%History
  3. CCXIChurchill Capital Corp XI
    +1.93 pp0.0% → 1.9%History
  4. SGISomnigroup International Inc.
    +1.74 pp0.0% → 1.7%History
  5. ROKURoku, Inc
    +1.56 pp0.0% → 1.6%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. VISNVistance Networks, Inc.
    −$67.9MSold outHistory
  2. STZConstellation Brands, Inc.
    −$59.1MReducedHistory
  3. AXTAAxalta Coating Systems Ltd.
    −$58.6MReducedHistory
  4. Vishay Intertechnology Inc928298AR9
    −$49.8MSold out
  5. SHELShell plc
    −$43.3MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. VISNVistance Networks, Inc.
    −2.26 pp2.3% → 0.0%History
  2. STZConstellation Brands, Inc.
    −2.14 pp3.0% → 0.9%History
  3. SHELShell plc
    −1.94 pp3.5% → 1.6%History
  4. Vishay Intertechnology Inc928298AR9
    −1.66 pp1.7% → 0.0%
  5. AXTAAxalta Coating Systems Ltd.
    −1.49 pp1.9% → 0.4%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$2.84B
−$161.2M (−5.4%) vs. prior quarter
Positions
118
−5 vs. prior quarter
Top 10 concentration
35.5%
Top 10 as share of value
Turnover
25.8%
Q2 2026, one quarter
Average holding period
6.4 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $4.54B (Q1 2022)

Q1 2021: $3.43BQ2 2021: $4.31BQ3 2021: $4.24BQ4 2021: $3.76BQ1 2022: $4.54BQ2 2022: $3.14BQ3 2022: $2.61BQ4 2022: $2.71BQ1 2023: $2.46BQ2 2023: $1.92BQ3 2023: $1.62BQ4 2023: $1.65BQ1 2024: $1.74BQ2 2024: $1.64BQ3 2024: $1.82BQ4 2024: $1.99BQ1 2025: $1.87BQ2 2025: $2.16BQ3 2025: $2.49BQ4 2025: $2.87BQ1 2026: $3.00BQ2 2026: $2.84B
Q1 2021Q2 2026
13F filings of Empyrean Capital Partners, LP by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 14, 2026118$2.84BVSATAERBTIvs. Q1 2026SEC
Q1 2026May 15, 2026123$3.00BAERBTISHELvs. Q4 2025SEC
Q4 2025Feb 17, 202694$2.87BAERSHELBTIvs. Q3 2025SEC
Q3 2025Nov 14, 202586$2.49BAERSHELBTIvs. Q2 2025SEC
Q2 2025Aug 14, 202573$2.16BAERSHELHESvs. Q1 2025SEC
Q1 2025May 15, 202556$1.87BHESSHELAERvs. Q4 2024SEC
Q4 2024Feb 14, 202569$1.99BHESAERSHELvs. Q3 2024SEC
Q3 2024Nov 14, 202467$1.82BHESAERSHELvs. Q2 2024SEC
Q2 2024Aug 14, 202468$1.64BSHELAERHESvs. Q1 2024SEC
Q1 2024May 15, 202465$1.74BPXDAERALITvs. Q4 2023SEC
Q4 2023Feb 14, 202458$1.65BAERSPLKALITvs. Q3 2023SEC
Q3 2023Nov 14, 202372$1.62BATVIAERJvs. Q2 2023SEC
Q2 2023Aug 14, 202368$1.92BMPCALITAERvs. Q1 2023SEC
Q1 2023May 15, 202385$2.46BVMWMPCALITvs. Q4 2022SEC
Q4 2022Feb 14, 2023109$2.71BFYBRMPCJvs. Q3 2022SEC
Q3 2022Nov 14, 2022124$2.61BFYBRMPCJvs. Q2 2022SEC
Q2 2022Aug 15, 2022153$3.14BFYBRJMPCvs. Q1 2022SEC
Q1 2022May 16, 2022197$4.54BSPYFYBRJvs. Q4 2021SEC
Q4 2021Feb 14, 2022185$3.76BFYBRAPGJvs. Q3 2021SEC
Q3 2021Nov 15, 2021182$4.24BFYBRVZVOYAvs. Q2 2021SEC
Q2 2021Aug 16, 2021176$4.31BFYBRVZMPCvs. Q1 2021SEC
Q1 2021May 17, 2021163$3.43BVZMPCJ–SEC

13D and 13G filings

Companies where Empyrean Capital Partners, LP reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

10 companies, largest stake first.

Companies where Empyrean Capital Partners, LP owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
Churchill Capital Corp IX/CaymanClass A Ordinary Shares, $0.0001 par value per share13G/A9.80%2.90M shares–Nov 14, 20242 filingsFeb 14, 2025SEC
RACRithm Acquisition Corp.13G/A9.43%2.23M shares+3.56 ppfrom 5.87%Feb 17, 20262 filingsMay 15, 2026SEC
BCSSBain Capital GSS Investment Corp.13G/A9.26%4.34M shares+0.76 ppfrom 8.50%Feb 17, 20262 filingsMay 15, 2026SEC
KBONKarbon Capital Partners Corp.13G/A9.18%3.25M shares+1.78 ppfrom 7.40%Feb 17, 20262 filingsMay 15, 2026SEC
MTALMetals Acquisition Corp. II13G8.61%1.98M sharesNewMay 15, 20261 filingMay 15, 2026SEC
FVAVFortress Value Acquisition Corp. V13G8.55%2.48M sharesNewMay 15, 20261 filingMay 15, 2026SEC
CCXIUChurchill Capital Corp XI13G8.35%3.50M sharesNewFeb 17, 20261 filingFeb 17, 2026SEC
OPTUOptimum Communications, Inc.13G/A8.09%14.0M shares+2.87 ppfrom 5.22%Feb 14, 20254 filingsAug 14, 2026SEC
CCXIChurchill Capital Corp XI13G7.52%3.15M sharesNewAug 14, 20261 filingAug 14, 2026SEC
CXIIChurchill Capital Corp XII13G6.47%2.70M sharesNewAug 14, 20261 filingAug 14, 2026SEC

Latest filings

151 filings on file made by Empyrean Capital Partners, LP or listing it as a reporting person; the latest 20 are shown.

Schedule 13D and 13G filings by Empyrean Capital Partners, LP
CompanyFiled (ET)FormStakeChangeEvent dateFiling
OPTUOptimum Communications, Inc.Aug 14, 20264:00 PM ET13G/A8.09%14.0M shares+2.87 ppfrom 5.22%Jun 30, 2026SEC
CXIIChurchill Capital Corp XIIAug 14, 20264:00 PM ET13G6.47%2.70M sharesNewJun 30, 2026SEC
CCXIChurchill Capital Corp XIAug 14, 20264:00 PM ET13G7.52%3.15M sharesNewJun 30, 2026SEC
RACRithm Acquisition Corp.May 15, 20264:00 PM ET13G/A9.43%2.23M shares+3.56 ppfrom 5.87%Mar 31, 2026SEC
OPTUOptimum Communications, Inc.May 15, 20264:00 PM ET13G/A5.22%24.6M shares−2.88 ppfrom 8.10%Mar 31, 2026SEC
MTALMetals Acquisition Corp. IIMay 15, 20264:00 PM ET13G8.61%1.98M sharesNewMar 31, 2026SEC
KBONKarbon Capital Partners Corp.May 15, 20264:00 PM ET13G/A9.18%3.25M shares+1.78 ppfrom 7.40%Mar 31, 2026SEC
FVAVFortress Value Acquisition Corp. VMay 15, 20264:00 PM ET13G8.55%2.48M sharesNewMar 31, 2026SEC
BCSSBain Capital GSS Investment Corp.May 15, 20264:00 PM ET13G/A9.26%4.34M shares+0.76 ppfrom 8.50%Mar 31, 2026SEC
RACRithm Acquisition Corp.Feb 17, 20264:00 PM ET13G5.87%1.39M sharesNewDec 31, 2025SEC
KBONUKarbon Capital Partners Corp.Feb 17, 20264:00 PM ET13G7.40%2.63M sharesNewDec 31, 2025SEC
CCXIUChurchill Capital Corp XIFeb 17, 20264:00 PM ET13G8.35%3.50M sharesNewDec 31, 2025SEC
INFQInfleqtion, Inc.Feb 17, 20264:00 PM ET13G/A0.00%0 shares−7.20 ppfrom 7.20%Below 5%Dec 31, 2025SEC
BCSSBain Capital GSS Investment Corp.Feb 17, 20264:00 PM ET13G8.50%3.99M sharesNewDec 31, 2025SEC
AAMIAcadian Asset Management Inc.Nov 14, 20254:00 PM ET13G/A4.30%1.54M shares–Below 5%Sep 30, 2025SEC
INFQInfleqtion, Inc.Aug 14, 20254:00 PM ET13G7.20%3.00M sharesNewJun 30, 2025SEC
OPTUOptimum Communications, Inc.Aug 14, 20254:00 PM ET13G/A8.10%23.1M shares+1.80 ppfrom 6.30%Jun 30, 2025SEC
Churchill Capital Corp IX/CaymanClass A Ordinary Shares, $0.0001 par value per shareFeb 14, 20254:00 PM ET13G/A9.80%2.90M shares–Dec 31, 2024SEC
OPTUOptimum Communications, Inc.Feb 14, 20254:00 PM ET13G6.30%17.5M sharesNewDec 31, 2024SEC
OKLOOklo Inc.Nov 14, 202413G/AOld format–––SEC