Empyrean Capital Partners, L.P. 13F annual report
Empyrean Capital Partners, L.P. is an investment fund managing more than $2.79 billion ran by Peter Bergren. There are currently 97 companies in Mr. Bergren’s portfolio. The largest investments include Frontier Communications Pare and Jacobs Engr Group Inc, together worth $262 million.
$2.79 billion Assets Under Management (AUM)
As of 8th August 2022, Empyrean Capital Partners, L.P.’s top holding is 5,700,000 shares of Frontier Communications Pare currently worth over $134 million and making up 4.8% of the portfolio value.
In addition, the fund holds 1,009,136 shares of Jacobs Engr Group Inc worth $128 million.
The third-largest holding is Marathon Pete Corp worth $90.8 million and the next is Ashland Global Hldgs Inc worth $89.2 million, with 865,967 shares owned.
Currently, Empyrean Capital Partners, L.P.'s portfolio is worth at least $2.79 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Empyrean Capital Partners, L.P.
The Empyrean Capital Partners, L.P. office and employees reside in Los Angeles, California. According to the last 13-F report filed with the SEC, Peter Bergren serves as the Chief Financial Officer at Empyrean Capital Partners, L.P..
Recent trades
In the most recent 13F filing, Empyrean Capital Partners, L.P. revealed that it had opened a new position in
Warner Bros.Discovery Inc and bought 6,242,822 shares worth $83.8 million.
This means they effectively own approximately 0.1% of the company.
Warner Bros.Discovery Inc makes up
38.4%
of the fund's Communication Services sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Alight by buying
670,244 additional shares.
This makes their stake in Alight total 9,307,850 shares worth $62.8 million.
Alight dropped approximately 0.1% in the past year.
On the other hand, there are companies that Empyrean Capital Partners, L.P. is getting rid of from its portfolio.
Empyrean Capital Partners, L.P. closed its position in Spdr S&p 500 Etf Tr on 15th August 2022.
It sold the previously owned 720,000 shares for $325 million.
Peter Bergren also disclosed a decreased stake in Frontier Communications Pare by 0.2%.
This leaves the value of the investment at $134 million and 5,700,000 shares.
One of the largest hedge funds
The two most similar investment funds to Empyrean Capital Partners, L.P. are Raymond James Trust N.a and Ares Management. They manage $2.79 billion and $2.79 billion respectively.
Peter Bergren investment strategy
Empyrean Capital Partners, L.P.’s portfolio is diversified across 13 sectors.
Currently, their heaviest sector is Finance — making up 12.4% of
the total portfolio value.
The fund focuses on investments in the United States as
34.0% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
10% of the total holdings value.
On the other hand, small-cap stocks make up 10.3% of the portfolio.
The average market cap of the portfolio companies is close to $6.91 billion.
The complete list of Empyrean Capital Partners, L.P. trades based on 13F SEC filings
These positions were updated on August 15th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Spdr S&p 500 Etf Tr |
Closed
720,000
|
$325,181,000 | |
| Frontier Communications Pare |
21.38%
5,700,000
|
$134,178,000 | 4.80% |
| Jacobs Engr Group Inc |
9.34%
1,009,136
|
$128,291,000 | 4.59% |
| Verizon Communications Inc |
Closed
2,453,891
|
$125,001,000 | |
| Marathon Pete Corp |
28.86%
1,104,904
|
$90,834,000 | 3.25% |
| Ashland Global Hldgs Inc |
22.71%
865,967
|
$89,238,000 | 3.19% |
| Warner Bros.Discovery Inc |
Opened
6,242,822
|
$83,779,000 | 3.00% |
| APi Group Corporation |
4.07%
4,888,917
|
$73,187,000 | 2.62% |
| Liberty Global plc |
3.36%
4,200,629
|
$91,584,000 | 3.28% |
| Alight Inc. |
7.76%
9,307,850
|
$62,828,000 | 2.25% |
| Voya Financial, Inc. |
31.40%
1,024,218
|
$60,972,000 | 2.18% |
| Denbury Inc. |
8.88%
977,770
|
$58,656,000 | 2.10% |
| Hess Corporation |
No change
537,250
|
$56,916,000 | 2.04% |
| Apollo Strategic Growth Capt |
Closed
5,696,981
|
$56,685,000 | |
| Meta Platforms Inc |
Closed
247,000
|
$54,923,000 | |
| PG&E Corp. |
No change
5,315,103
|
$53,045,000 | 1.90% |
| Sanderson Farms, Inc. |
50.04%
242,876
|
$52,347,000 | 1.87% |
| Austerlitz Acquisition Corp |
9.02%
9,085,859
|
$88,587,000 | 3.17% |
| Teradata Corp |
2.43%
1,386,884
|
$51,329,000 | 1.84% |
| NiSource Inc |
No change
1,720,000
|
$50,723,000 | 1.82% |
| Aercap Holdings Nv |
10.86%
1,213,681
|
$49,688,000 | 1.78% |
| AltC Acquisition Corp. |
No change
4,847,126
|
$46,775,000 | 1.67% |
| Bristow Group Inc |
11.93%
1,955,000
|
$45,747,000 | 1.64% |
| Zendesk Inc |
Opened
603,000
|
$44,664,000 | 1.60% |
| Churchill Capital Corp VI |
No change
4,424,157
|
$43,312,000 | 1.55% |
| Nelnet Inc |
5.21%
505,073
|
$43,057,000 | 1.54% |
| Newmark Group Inc |
8.57%
4,360,150
|
$42,163,000 | 1.51% |
| XPO Logistics Inc |
17.46%
841,898
|
$40,546,000 | 1.45% |
| Hasbro, Inc. |
23.85%
483,000
|
$39,548,000 | 1.42% |
| Churchill Capital Corp V |
No change
3,845,200
|
$37,798,000 | 1.35% |
| Pilgrims Pride Corp |
Closed
1,491,530
|
$37,437,000 | |
| Encompass Health Corp |
42.61%
657,794
|
$36,869,000 | 1.32% |
| Preferred Apt Cmntys Inc |
Closed
1,420,796
|
$35,435,000 | |
| Regal Rexnord Corporation |
17.40%
309,910
|
$35,181,000 | 1.26% |
| Brightsphere Invt Group Inc |
8.67%
1,880,634
|
$33,870,000 | 1.21% |
| Jaws Mustang Acquisition Cor |
No change
3,334,400
|
$32,777,000 | 1.17% |
| Discovery, Inc. |
Closed
1,309,864
|
$32,707,000 | |
| Enova International Inc. |
No change
1,119,667
|
$32,269,000 | 1.16% |
| Social Capital Hedosopha Hld |
No change
5,614,950
|
$55,756,000 | 2.00% |
| Fortress Capital Acquisition |
No change
3,110,000
|
$30,634,000 | 1.10% |
| Lux Health Tech Acquisition |
No change
3,000,649
|
$29,676,000 | 1.06% |
| Super Micro Computer Inc |
51.72%
733,439
|
$29,594,000 | 1.06% |
| Scion Tech Growth I |
No change
2,913,000
|
$28,810,000 | 1.03% |
| Kkr Acquisition Holding I Co |
No change
2,860,000
|
$27,999,000 | 1.00% |
| Tcv Acquisition Corp |
No change
2,811,326
|
$27,410,000 | 0.98% |
| Liberty Media Corp. |
No change
1,181,346
|
$42,583,000 | 1.52% |
| Longview Acquisition Corp Ii |
No change
2,750,000
|
$26,868,000 | 0.96% |
| Edison Intl |
Closed
381,385
|
$26,735,000 | |
| Ardagh Metal Packaging S A |
No change
4,000,000
|
$24,400,000 | 0.87% |
| Monster Beverage Corp. |
No change
253,058
|
$23,458,000 | 0.84% |
| Cannae Holdings Inc |
37.74%
1,180,456
|
$22,830,000 | 0.82% |
| Fifth Wall Acquisitn Corp Ii |
No change
2,299,000
|
$22,438,000 | 0.80% |
| Capital One Finl Corp |
0.61%
210,985
|
$21,983,000 | 0.79% |
| Periphas Capital Partnering Corp |
No change
867,420
|
$21,313,000 | 0.76% |
| Elanco Animal Health Inc |
27.68%
1,045,167
|
$20,517,000 | 0.73% |
| Envestnet Inc. |
Closed
273,125
|
$20,331,000 | |
| Cohn Robbins Holdings Corp. |
172.60%
2,044,517
|
$20,322,000 | 0.73% |
| Gores Hldgs Viii Inc |
No change
2,000,000
|
$19,700,000 | 0.71% |
| Far Peak Acquisition Corp |
No change
2,000,000
|
$19,640,000 | 0.70% |
| Tpg Pace Beneficial Ii Corp |
No change
2,000,000
|
$19,460,000 | 0.70% |
| Churchill Capital Corp VII |
16.57%
1,912,322
|
$18,683,000 | 0.67% |
| Catcha Investment Corp |
No change
1,850,000
|
$18,167,000 | 0.65% |
| Scion Tech Growth Ii |
No change
1,837,500
|
$18,008,000 | 0.64% |
| Poema Global Holdings Corp. |
Closed
1,750,000
|
$17,500,000 | |
| Waverley Capital Acquis Corp |
32.68%
1,624,000
|
$15,704,000 | 0.56% |
| CURO Group Holdings Corp |
4.95%
2,774,500
|
$15,343,000 | 0.55% |
| QuidelOrtho Corporation |
Closed
135,500
|
$15,238,000 | |
| Warburg Pincus Captal Corp I |
No change
3,000,000
|
$29,415,000 | 1.05% |
| Athlon Acquisition Corp. |
No change
1,450,000
|
$14,239,000 | 0.51% |
| Dun & Bradstreet Holdings, Inc. |
Closed
800,000
|
$14,016,000 | |
| Pershing Square Tontine Hldg |
No change
700,000
|
$13,979,000 | 0.50% |
| Jaws Hurricane Acquisitn Cor |
No change
1,417,000
|
$13,759,000 | 0.49% |
| Priveterra Acquisition Corp |
No change
1,400,000
|
$13,734,000 | 0.49% |
| Crucible Acquisition Corp |
No change
1,370,600
|
$13,487,000 | 0.48% |
| Group Nine Acquisition Corp. |
No change
1,350,000
|
$13,277,000 | 0.48% |
| Tekkorp Digital Acquisitn Co |
No change
1,332,271
|
$13,189,000 | 0.47% |
| Vacasa Inc |
Closed
1,500,600
|
$12,410,000 | |
| Post Holdings Partnering Cor |
No change
1,250,000
|
$12,125,000 | 0.43% |
| Diamond Offshore Drilling In |
Closed
1,684,546
|
$12,011,000 | |
| The Music Acquisition Corp |
No change
1,200,000
|
$11,760,000 | 0.42% |
| Franco Nev Corp |
Closed
72,770
|
$11,608,000 | |
| Alpha Capital Acquisition Co |
No change
1,150,000
|
$11,362,000 | 0.41% |
| AT&T, Inc. |
Closed
455,000
|
$10,752,000 | |
| Prospector Capital Corp. |
No change
1,063,200
|
$10,478,000 | 0.38% |
| Jaws Juggernaut Acquisitn Co |
20.37%
1,072,061
|
$10,431,000 | 0.37% |
| Novagold Res Inc |
12.11%
2,153,699
|
$10,359,000 | 0.37% |
| Dragoneer Growth Opt Corp Ii |
No change
1,040,144
|
$10,121,000 | 0.36% |
| Virgin Group Acquisit Corp I |
Closed
1,000,000
|
$9,860,000 | |
| Supernova Partn Acq Co Iii L |
No change
1,000,000
|
$9,780,000 | 0.35% |
| Acropolis Infrastructure Acq |
No change
1,000,000
|
$9,670,000 | 0.35% |
| Alamos Gold Inc. |
10.59%
1,350,189
|
$9,478,000 | 0.34% |
| KL Acquisition Corp |
No change
923,947
|
$9,092,000 | 0.33% |
| Figure Acquisition Corp I |
No change
900,000
|
$8,816,000 | 0.32% |
| Social Cap Suvretta Hlds Cp |
44.78%
832,915
|
$8,088,000 | 0.29% |
| Tfs Finl Corp |
62.76%
579,000
|
$7,950,000 | 0.28% |
| Tpg Pace Ben Fin Corp |
No change
800,000
|
$7,928,000 | 0.28% |
| St. Joe Co. |
Closed
123,937
|
$7,342,000 | |
| ST Energy Transition I Ltd. |
No change
707,049
|
$6,979,000 | 0.25% |
| Bilander Acquisition Corp |
Opened
700,000
|
$6,776,000 | 0.24% |
| Social Cap Suvretta Hlds Crp |
No change
1,075,000
|
$10,534,000 | 0.38% |
| Newmont Corp |
Closed
68,801
|
$5,466,000 | |
| Digital Transformatn Opt Cor |
No change
550,000
|
$5,379,000 | 0.19% |
| Sports Ventures Acquisin Cor |
No change
531,943
|
$5,229,000 | 0.19% |
| Agnico Eagle Mines Ltd |
56.67%
110,847
|
$5,072,000 | 0.18% |
| California Res Corp |
Closed
112,816
|
$5,046,000 | |
| Social Cap Suvretta Hld Crpi |
No change
500,000
|
$4,975,000 | 0.18% |
| Primavera Capital Acquist Co |
No change
500,000
|
$4,915,000 | 0.18% |
| Healthcare Services Acqu Cor |
No change
462,526
|
$4,551,000 | 0.16% |
| Rocket Lab Usa Inc |
Closed
500,000
|
$4,025,000 | |
| Noble Corp |
Closed
100,000
|
$3,505,000 | |
| Cf Acquisition Corp Vi |
No change
333,594
|
$3,326,000 | 0.12% |
| Vector Acquisition Corp Ii |
No change
269,471
|
$2,644,000 | 0.09% |
| Barrick Gold Corp. |
55.64%
127,572
|
$2,257,000 | 0.08% |
| Skillsoft Corp |
Closed
312,500
|
$1,888,000 | |
| New Gold Inc Cda |
60.53%
1,500,000
|
$1,605,000 | 0.06% |
| Nerdy Inc |
Closed
276,667
|
$1,408,000 | |
| Liberty Tripadvisor Hldgs In |
No change
1,619,492
|
$1,225,000 | 0.04% |
| Dole plc |
Closed
96,200
|
$1,193,000 | |
| PLBY Group, Inc. |
51.82%
158,185
|
$1,012,000 | 0.04% |
| Elevate Credit Inc |
60.67%
411,434
|
$971,000 | 0.03% |
| Trilogy Metals Inc |
No change
1,045,700
|
$791,000 | 0.03% |
| Gol Linhas Aereas Inteligent |
Closed
101,450
|
$730,000 | |
| Rigetti Computing Inc |
Closed
62,600
|
$394,000 | |
| Archer Aviation Inc |
48.45%
103,106
|
$318,000 | 0.01% |
| No transactions found | |||
| Showing first 500 out of 124 holdings | |||
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