Empyrean Capital Partners, LP Quant / Systematic

CIK: 0001317195 · Show all filings

Period: Q1 2014 (← Previous) (Next →)

Filing Date: May 14, 2014

Total Value ($000): $2,618,243 (90.9% shares, 9.1% debt)

Holdings (42)

SPY SPDR S&P 500 ETF TR 39.9%

Value ($000) $1,044,844 Shares 5,587,100 Est. Cost — Unrealized —

XLV SELECT SECTOR SPDR TR 8.9%

Value ($000) $233,960 Shares 4,000,000 Est. Cost $58.49 Unrealized —

SPY SPDR S&P 500 ETF TR 7.1%

Value ($000) $187,010 Shares 1,000,000 Est. Cost — Unrealized —

— YAHOO INC 3.8%

Value ($000) $100,520 Shares 2,800,000 Est. Cost $28.83 Unrealized —

UNH UNITEDHEALTH GROUP INC 3.8%

Value ($000) $99,618 Shares 1,215,000 Est. Cost $61.25 Unrealized +1.4%

APD AIR PRODS & CHEMS INC 3.0%

Value ($000) $77,376 Shares 650,000 Est. Cost $76.89 Unrealized +3.1%

V VISA INC 2.9%

Value ($000) $75,551 Shares 350,000 Est. Cost $51.12 Unrealized 0.0%

MA MASTERCARD INC 2.6%

Value ($000) $68,724 Shares 920,000 Est. Cost — Unrealized —

— LIBERTY MEDIA CORP DELAWARE 2.5%

Value ($000) $65,365 Shares 500,000 Est. Cost $126.76 Unrealized —

— DENDREON CORP 2.4%

Value ($000) $62,508 Shares 85,103,000 Est. Cost $0.67 Unrealized —

TFSL TFS FINL CORP 2.4%

Value ($000) $62,150 Shares 5,000,000 Est. Cost $5.61 Unrealized +9.6%

— TYCO INTERNATIONAL LTD 2.1%

Value ($000) $56,180 Shares 1,325,000 Est. Cost $33.71 Unrealized —

V VISA INC 1.8%

Value ($000) $47,122 Shares 218,300 Est. Cost $51.12 Unrealized 0.0%

— STILLWATER MNG CO 1.6%

Value ($000) $41,501 Shares 32,000,000 Est. Cost $1.05 Unrealized —

DOV DOVER CORP 1.4%

Value ($000) $36,215 Shares 443,000 Est. Cost $50.30 Unrealized 0.0%

— MENS WEARHOUSE INC 1.4%

Value ($000) $35,476 Shares 724,300 Est. Cost $48.98 Unrealized —

VOD VODAFONE GROUP PLC NEW 1.3%

Value ($000) $32,844 Shares 892,268 Est. Cost $36.81 Unrealized —

— COMMONWEALTH REIT 1.2%

Value ($000) $31,560 Shares 1,200,000 Est. Cost $23.12 Unrealized —

— DISCOVERY COMMUNICATNS NEW 1.1%

Value ($000) $28,096 Shares 364,598 Est. Cost $69.77 Unrealized —

— SUNPOWER CORP 1.0%

Value ($000) $25,684 Shares 16,989,000 Est. Cost $1.26 Unrealized —

— NEWPARK RES INC 0.9%

Value ($000) $23,579 Shares 18,332,000 Est. Cost $1.28 Unrealized —

— VIPSHOP HLDGS LTD 0.8%

Value ($000) $20,767 Shares 20,400,000 Est. Cost $1.02 Unrealized —

LNG CHENIERE ENERGY INC 0.7%

Value ($000) $19,373 Shares 350,000 Est. Cost $47.93 Unrealized 0.0%

— BARNES GROUP INC 0.7%

Value ($000) $18,340 Shares 13,494,000 Est. Cost $1.14 Unrealized —

— GREENBRIER COS INC 0.7%

Value ($000) $17,907 Shares 12,657,000 Est. Cost $1.41 Unrealized —

— BARRICK GOLD CORP 0.7%

Value ($000) $17,830 Shares 1,000,000 Est. Cost $15.79 Unrealized —

— FOREST CITY ENTERPRISES INC 0.6%

Value ($000) $15,859 Shares 14,096,000 Est. Cost $1.12 Unrealized —

— NATIONAL GEN HLDGS CORP 0.5%

Value ($000) $13,370 Shares 955,000 Est. Cost $14.00 Unrealized —

— QUICKSILVER RESOURCES INC 0.5%

Value ($000) $13,150 Shares 5,000,000 Est. Cost $2.32 Unrealized —

XLV SELECT SECTOR SPDR TR 0.4%

Value ($000) $11,055 Shares 189,000 Est. Cost $58.49 Unrealized —

— SILVER EAGLE ACQUISITION COR 0.3%

Value ($000) $6,645 Shares 684,380 Est. Cost $9.69 Unrealized —

ANW 4 11/01/18 AEGEAN MARINE PETE NETWORK I 0.2%

Value ($000) $5,010 Shares 5,000,000 Est. Cost $1.03 Unrealized —

— PHOTRONICS INC 0.2%

Value ($000) $4,520 Shares 4,139,000 Est. Cost $1.09 Unrealized —

— GENERAL ELECTRIC CO 0.1%

Value ($000) $3,236 Shares 125,000 Est. Cost $23.19 Unrealized —

— BLACKHAWK NETWORK HLDGS INC 0.1%

Value ($000) $3,049 Shares 125,000 Est. Cost $24.39 Unrealized —

MTG MGIC INVT CORP WIS 0.1%

Value ($000) $2,962 Shares 347,700 Est. Cost $8.43 Unrealized +3.3%

— AMARIN CORP PLC 0.1%

Value ($000) $2,715 Shares 1,500,000 Est. Cost $1.81 Unrealized —

— TITAN MACHY INC 0.1%

Value ($000) $2,054 Shares 2,407,000 Est. Cost $0.85 Unrealized —

— INVENSENSE INC 0.1%

Value ($000) $1,851 Shares 78,200 Est. Cost $23.67 Unrealized —

— BOSTON PRIVATE FINL HLDGS IN 0.1%

Value ($000) $1,642 Shares 245,400 Est. Cost $4.06 Unrealized —

— LEVY ACQUISITION CORP 0.0%

Value ($000) $794 Shares 81,900 Est. Cost $9.69 Unrealized —

VZ VERIZON COMMUNICATIONS INC 0.0%

Value ($000) $231 Shares 4,851 Est. Cost $25.87 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	5,587,100	$1,044,844	39.9%	—	—	Put	78462F103
XLV	SELECT SECTOR SPDR TR	4,000,000	$233,960	8.9%	$58.49	—	Put	81369Y209
SPY	SPDR S&P 500 ETF TR	1,000,000	$187,010	7.1%	—	—	Call	78462F103
—	YAHOO INC	2,800,000	$100,520	3.8%	$28.83	—	COM	984332106
UNH	UNITEDHEALTH GROUP INC	1,215,000	$99,618	3.8%	$61.25	+1.4%	COM	91324P102
APD	AIR PRODS & CHEMS INC	650,000	$77,376	3.0%	$76.89	+3.1%	COM	009158106
V	VISA INC	350,000	$75,551	2.9%	$51.12	0.0%	Call	92826C839
MA	MASTERCARD INC	920,000	$68,724	2.6%	—	—	Put	57636Q104
—	LIBERTY MEDIA CORP DELAWARE	500,000	$65,365	2.5%	$126.76	—	CL A	531229102
—	DENDREON CORP	85,103,000	$62,508	2.4%	$0.67	—	NOTE 2.875% 1/1	24823QAC1
TFSL	TFS FINL CORP	5,000,000	$62,150	2.4%	$5.61	+9.6%	COM	87240R107
—	TYCO INTERNATIONAL LTD	1,325,000	$56,180	2.1%	$33.71	—	SHS	H89128104
V	VISA INC	218,300	$47,122	1.8%	$51.12	0.0%	COM CL A	92826C839
—	STILLWATER MNG CO	32,000,000	$41,501	1.6%	$1.05	—	NOTE 1.750%10/1	86074QAL6
DOV	DOVER CORP	443,000	$36,215	1.4%	$50.30	0.0%	COM	260003108
—	MENS WEARHOUSE INC	724,300	$35,476	1.4%	$48.98	—	COM	587118100
VOD	VODAFONE GROUP PLC NEW	892,268	$32,844	1.3%	$36.81	—	SPNSR ADR NO PAR	92857W308
—	COMMONWEALTH REIT	1,200,000	$31,560	1.2%	$23.12	—	COM SH BEN INT	203233101
—	DISCOVERY COMMUNICATNS NEW	364,598	$28,096	1.1%	$69.77	—	COM SER C	25470F302
—	SUNPOWER CORP	16,989,000	$25,684	1.0%	$1.26	—	DBCV 4.500% 3/1	867652AE9
—	NEWPARK RES INC	18,332,000	$23,579	0.9%	$1.28	—	NOTE 4.000%10/0	651718AC2
—	VIPSHOP HLDGS LTD	20,400,000	$20,767	0.8%	$1.02	—	NOTE 1.500% 3/1	92763WAA1
LNG	CHENIERE ENERGY INC	350,000	$19,373	0.7%	$47.93	0.0%	COM NEW	16411R208
—	BARNES GROUP INC	13,494,000	$18,340	0.7%	$1.14	—	NOTE 3.375% 3/1	067806AD1
—	GREENBRIER COS INC	12,657,000	$17,907	0.7%	$1.41	—	NOTE 3.500% 4/0	393657AH4
—	BARRICK GOLD CORP	1,000,000	$17,830	0.7%	$15.79	—	COM	067901108
—	FOREST CITY ENTERPRISES INC	14,096,000	$15,859	0.6%	$1.12	—	NOTE 4.250% 8/1	345550AP2
—	NATIONAL GEN HLDGS CORP	955,000	$13,370	0.5%	$14.00	—	COM	636220303
—	QUICKSILVER RESOURCES INC	5,000,000	$13,150	0.5%	$2.32	—	COM	74837R104
XLV	SELECT SECTOR SPDR TR	189,000	$11,055	0.4%	$58.49	—	SBI HEALTHCARE	81369Y209
—	SILVER EAGLE ACQUISITION COR	684,380	$6,645	0.3%	$9.69	—	COM	827694100
ANW 4 11/01/18	AEGEAN MARINE PETE NETWORK I	5,000,000	$5,010	0.2%	$1.03	—	NOTE 4.000%11/0	Y0020QAA9
—	PHOTRONICS INC	4,139,000	$4,520	0.2%	$1.09	—	NOTE 3.250% 4/0	719405AH5
—	GENERAL ELECTRIC CO	125,000	$3,236	0.1%	$23.19	—	COM	369604103
—	BLACKHAWK NETWORK HLDGS INC	125,000	$3,049	0.1%	$24.39	—	CL A	09238E104
MTG	MGIC INVT CORP WIS	347,700	$2,962	0.1%	$8.43	+3.3%	COM	552848103
—	AMARIN CORP PLC	1,500,000	$2,715	0.1%	$1.81	—	SPONS ADR NEW	023111206
—	TITAN MACHY INC	2,407,000	$2,054	0.1%	$0.85	—	NOTE 3.750% 5/0	88830RAB7
—	INVENSENSE INC	78,200	$1,851	0.1%	$23.67	—	COM	46123D205
—	BOSTON PRIVATE FINL HLDGS IN	245,400	$1,642	0.1%	$4.06	—	*W EXP 11/21/201	101119113
—	LEVY ACQUISITION CORP	81,900	$794	0.0%	$9.69	—	COM	52748T104
VZ	VERIZON COMMUNICATIONS INC	4,851	$231	0.0%	$25.87	0.0%	COM	92343V104