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Empyrean Capital Partners, LP

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13F filer, CIK 1317195, LOS ANGELES, CA

Empyrean Capital Partners, LP reported $2,980,553,752 across 75 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-08-14. Its ten largest share positions make up 45.44% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001085146-25-005272

Period
2025-06-30
Reported value
$2.98B
Holdings
75
Top 10 weight
45.44%
New
29
Sold out
13

Largest buys vs the previous quarter

SecurityShares changeApprox. value
SPYnew+124,848$77.1M
LBRDKadded+600,220$59M
SKXnew+821,000$51.8M
LBRDAnew+500,000$48.9M
BTInew+950,000$45M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
APGexited-1,800,000-$64.4M
FTAIexited-554,320-$61.5M
CVSreduced-669,000-$46.1M
HESS CORPreduced-293,000-$40.6M
INTRA-CELLULAR THERAPIES INCexited-228,000-$30.1M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q2 2025

Share positions as resolved from 13F-HR 0001085146-25-005272, largest first. % of portfolio is the value over $2,159,346,252, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
AERAERCAP HOLDINGS NVQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,600,000 shares; 2024Q4: 1,600,000 shares; 2025Q1: 1,382,000 shares; 2025Q2: 1,432,000 shares 1,432,000$168M7.76%+50,000Timeline
SHELSHELL PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,100,000 shares; 2024Q4: 2,300,000 shares; 2025Q1: 2,300,000 shares; 2025Q2: 2,300,000 shares 2,300,000$162M7.5%0Timeline
HESS CORPHESS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,199,000 shares; 2024Q4: 1,199,000 shares; 2025Q1: 1,199,000 shares; 2025Q2: 906,000 shares 906,000$126M5.81%-293,000
LBRDKLIBERTY BROADBAND CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 320,561 shares; 2025Q1: 320,561 shares; 2025Q2: 920,781 shares 920,781$90.6M4.2%+600,220Timeline
MPCMARATHON PETE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 520,500 shares; 2025Q2: 531,000 shares 531,000$88.2M4.08%+10,500Timeline
TXNMTXNM ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,404,554 shares; 2024Q4: 1,404,554 shares; 2025Q1: 1,404,554 shares; 2025Q2: 1,442,554 shares 1,442,554$81.2M3.76%+38,000Timeline
SPYSTATE STR SPDR S&P 500 ETF TQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 124,848 shares 124,848$77.1M3.57%newTimeline
AAMIACADIAN ASSET MANAGEMENT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,880,634 shares; 2024Q4: 1,880,634 shares; 2025Q1: 1,880,634 shares; 2025Q2: 1,880,634 shares 1,880,634$66.3M3.07%0Timeline
ENVAENOVA INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 535,000 shares; 2024Q4: 462,800 shares; 2025Q1: 512,800 shares; 2025Q2: 567,538 shares 567,538$63.3M2.93%+54,738Timeline
CVSCVS HEALTH CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 890,000 shares; 2025Q1: 1,531,000 shares; 2025Q2: 862,000 shares 862,000$59.5M2.75%-669,000Timeline
PCGPG&E CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,100,000 shares; 2024Q4: 5,897,000 shares; 2025Q1: 3,800,000 shares; 2025Q2: 4,100,000 shares 4,100,000$57.2M2.65%+300,000Timeline
NMRKNEWMARK GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,360,150 shares; 2024Q4: 4,360,150 shares; 2025Q1: 4,360,150 shares; 2025Q2: 4,360,150 shares 4,360,150$53M2.45%0Timeline
CAHCARDINAL HEALTH INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 379,000 shares; 2025Q2: 311,300 shares 311,300$52.3M2.42%-67,700Timeline
SKXSKECHERS U S A INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 821,000 shares 821,000$51.8M2.4%newTimeline
OPTUOPTIMUM COMMUNICATIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,000,000 shares; 2024Q4: 17,700,000 shares; 2025Q1: 20,100,000 shares; 2025Q2: 23,100,000 shares 23,100,000$49.4M2.29%+3,000,000Timeline
LBRDALIBERTY BROADBAND CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 500,000 shares 500,000$48.9M2.27%newTimeline
ALITALIGHT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 11,150,000 shares; 2024Q4: 9,000,000 shares; 2025Q1: 7,500,000 shares; 2025Q2: 8,500,000 shares 8,500,000$48.1M2.23%+1,000,000Timeline
BTIBRITISH AMERN TOB PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 950,000 shares 950,000$45M2.08%newTimeline
VTOLBRISTOW GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,120,000 shares; 2024Q4: 1,080,000 shares; 2025Q1: 1,130,000 shares; 2025Q2: 1,276,000 shares 1,276,000$42.1M1.95%+146,000Timeline
James Hardie Industries PLCJames Hardie Industries PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 1,257,000 shares 1,257,000$33.8M1.57%new
COFCAPITAL ONE FINL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 150,000 shares 150,000$31.9M1.48%newTimeline
CHURCHILL CAP CORP XCHURCHILL CAP CORP XQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 3,000,000 shares 3,000,000$30.9M1.43%new
UNHUNITEDHEALTH GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 120,000 shares; 2025Q2: 94,000 shares 94,000$29.3M1.36%-26,000Timeline
CCIXCHURCHILL CAPITAL CORP IXQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 2,900,000 shares; 2025Q1: 2,900,000 shares; 2025Q2: 2,633,582 shares 2,633,582$27.7M1.28%-266,418Timeline
NGNOVAGOLD RESOURCES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 570,000 shares; 2024Q4: 570,000 shares; 2025Q1: 1,933,066 shares; 2025Q2: 6,539,000 shares 6,539,000$26.7M1.24%+4,605,934Timeline
NNNEXTNAV INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,461,065 shares; 2024Q4: 1,385,000 shares; 2025Q1: 1,685,000 shares; 2025Q2: 1,685,000 shares 1,685,000$25.6M1.19%0Timeline
PSXPHILLIPS 66Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 178,000 shares 178,000$21.2M0.98%newTimeline
SIRISIRIUSXM HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 905,623 shares; 2024Q4: 905,623 shares; 2025Q1: 905,623 shares; 2025Q2: 905,623 shares 905,623$20.8M0.96%0Timeline
AMBPARDAGH METAL PACKAGING S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,000,000 shares; 2024Q4: 4,000,000 shares; 2025Q1: 4,000,000 shares; 2025Q2: 4,000,000 shares 4,000,000$17.1M0.79%0Timeline
PPTAPERPETUA RESOURCES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 1,396,500 shares 1,396,500$17M0.79%newTimeline
SBGISINCLAIR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,060,000 shares; 2024Q4: 1,144,493 shares; 2025Q1: 1,144,493 shares; 2025Q2: 1,144,493 shares 1,144,493$15.8M0.73%0Timeline
FIPFTAI INFRASTRUCTURE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,471,790 shares; 2024Q4: 1,471,790 shares; 2025Q1: 1,471,790 shares; 2025Q2: 2,372,000 shares 2,372,000$14.6M0.68%+900,210Timeline
SABRSABRE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,325,000 shares; 2024Q4: 2,500,000 shares; 2025Q1: 3,500,000 shares; 2025Q2: 4,520,099 shares 4,520,099$14.3M0.66%+1,020,099Timeline
LLYVKLIBERTY MEDIA CORP DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 175,771 shares; 2024Q4: 175,771 shares; 2025Q1: 175,771 shares; 2025Q2: 175,771 shares 175,771$14.3M0.66%0Timeline
NXENEXGEN ENERGY LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 2,051,600 shares 2,051,600$14.2M0.66%newTimeline
AEMAGNICO EAGLE MINES LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 95,000 shares; 2024Q4: 100,000 shares; 2025Q1: 100,000 shares; 2025Q2: 100,000 shares 100,000$11.9M0.55%0Timeline
TDSTELEPHONE & DATA SYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 375,000 shares; 2024Q4: 325,000 shares; 2025Q1: 325,000 shares; 2025Q2: 325,000 shares 325,000$11.6M0.54%0Timeline
ACICAMERICAN COASTAL INS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 154,500 shares; 2024Q4: 840,500 shares; 2025Q1: 940,500 shares; 2025Q2: 940,500 shares 940,500$10.5M0.48%0Timeline
BTBTBIT DIGITAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 4,250,000 shares 4,250,000$9.31M0.43%newTimeline
ECHOECHOSTAR CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 313,000 shares 313,000$8.67M0.4%newTimeline
AGIALAMOS GOLD INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 558,000 shares; 2024Q4: 400,000 shares; 2025Q1: 400,000 shares; 2025Q2: 300,000 shares 300,000$7.97M0.37%-100,000Timeline
NGDNEW GOLD INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,919,000 shares; 2024Q4: 2,610,000 shares; 2025Q1: 2,610,000 shares; 2025Q2: 1,539,428 shares 1,539,428$7.62M0.35%-1,070,572Timeline
LLYVALIBERTY MEDIA CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 94,563 shares; 2024Q4: 94,563 shares; 2025Q1: 94,563 shares; 2025Q2: 94,563 shares 94,563$7.52M0.35%0Timeline
HNRGHALLADOR ENERGY COMPANYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 775,000 shares; 2024Q4: 1,325,000 shares; 2025Q1: 1,325,000 shares; 2025Q2: 471,168 shares 471,168$7.46M0.35%-853,832Timeline
BPBP PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 245,000 shares 245,000$7.33M0.34%newTimeline
SNCYSUN CTRY AIRLS HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 557,042 shares 557,042$6.55M0.3%newTimeline
MAGNMAGNERA CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 469,730 shares; 2025Q1: 469,730 shares; 2025Q2: 469,730 shares 469,730$5.67M0.26%0Timeline
EQTEQT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 71,600 shares 71,600$4.18M0.19%newTimeline
RRCRANGE RES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 101,300 shares 101,300$4.12M0.19%newTimeline
ARANTERO RESOURCES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 101,400 shares 101,400$4.08M0.19%newTimeline
EXEEXPAND ENERGY CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 34,500 shares 34,500$4.03M0.19%newTimeline
ULCCFRONTIER GROUP HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 700,000 shares; 2025Q1: not reported; 2025Q2: 1,100,000 shares 1,100,000$3.99M0.18%newTimeline
CRKCOMSTOCK RES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 118,900 shares 118,900$3.29M0.15%newTimeline
ASTLALGOMA STL GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 922,000 shares; 2025Q1: not reported; 2025Q2: 452,148 shares 452,148$3.12M0.14%newTimeline
BACCUBLUE ACQUISITION CORP.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 300,000 shares 300,000$3.01M0.14%newTimeline
CTRACOTERRA ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 115,400 shares 115,400$2.93M0.14%newTimeline
CAEPCANTOR EQUITY PARTNERS III IQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 250,000 shares 250,000$2.64M0.12%newTimeline
CCIXWCHURCHILL CAPITAL CORP IXQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 440,000 shares; 2025Q1: 440,000 shares; 2025Q2: 440,000 shares 440,000$418K0.02%0Timeline
COCHWENVOY MEDICAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 75,000 shares; 2024Q4: 75,000 shares; 2025Q1: 75,000 shares; 2025Q2: 75,000 shares 75,000$2.65K<0.01%0Timeline
BENFWBENEFICIENTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 100,000 shares; 2024Q4: 100,000 shares; 2025Q1: 100,000 shares; 2025Q2: 100,000 shares 100,000$690<0.01%0Timeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
HYGISHARES TR IBOXX HI YD ETFput5,500,000$444M-300,000
IWMISHARES TR SHSput1,750,000$378M-85,000

Principal amounts

Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).

SecurityTypeAmountValueChange
BLACKLINE INCBLACKLINE INC NOTE 1.000% 6/0principal42,000,000$44.8Mnew
PAGERDUTY INCPAGERDUTY INC NOTE 1.500%10/1principal40,000,000$38.2M0
VISHAY INTERTECHNOLOGY INCVISHAY INTERTECHNOLOGY INC NOTE 2.250% 9/1principal42,000,000$37.6M+2,000,000
ON SEMICONDUCTOR CORPON SEMICONDUCTOR CORP NOTE 0.500% 3/0principal27,500,000$25.4M+2,500,000
ADVANCED ENERGY INDSADVANCED ENERGY INDS NOTE 2.500% 9/1principal18,500,000$22.2M-712,000
MKS INC.MKS INC. NOTE 1.250% 6/0principal20,500,000$20.3Mnew
AMPHASTAR PHARMACEUTICALS INAMPHASTAR PHARMACEUTICALS IN NOTE 2.000% 3/1principal15,000,000$13M-2,000,000
CHEFS WHSE INCCHEFS WHSE INC NOTE 2.375%12/1principal8,000,000$12.5M-10,300,000
ITRON INCITRON INC NOTE 1.375% 7/1principal7,500,000$8.97Mnew
CONMED CORPCONMED CORP NOTE 2.250% 6/1principal6,000,000$5.7M-4,000,000
FASTLY INCFASTLY INC NOTE 3/1principal4,000,000$3.82Mnew
REDFIN CORPREDFIN CORP NOTE 0.500% 4/0principal4,000,000$3.62Mnew
WOLFSPEED INCWOLFSPEED INC NOTE 1.875%12/0principal4,250,000$1.07M-6,250,000

Sold out in Q2 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
SPYSTATE STR SPDR S&P 500 ETF T220,000$123Mput
APGAPI GROUP CORP1,800,000$64.4Mshares
FTAIFTAI AVIATION LTD554,320$61.5Mshares
INTRA-CELLULAR THERAPIES INCINTRA-CELLULAR THERAPIES INC228,000$30.1Mshares
DISCOVER FINL SVCSDISCOVER FINL SVCS168,000$28.7Mshares
AKAMAKAMAI TECHNOLOGIES INC200,000$16.1Mshares
SPRINGWORKS THERAPEUTICS INCSPRINGWORKS THERAPEUTICS INC245,000$10.8Mshares
VALVALARIS LTD140,000$5.5Mshares
BURBURFORD CAPITAL LIMITED340,000$4.49Mshares
FGF&G ANNUITIES & LIFE INC102,000$3.68Mshares
CAPITAL SOUTHWEST CORPCAPITAL SOUTHWEST CORP2,000,000$1.95Mprincipal
SAROSTANDARDAERO INC35,000$932Kshares
PG&E CORPPG&E CORP20,000$895Kshares

How Q2 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001085146-25-005272 base2025-08-14acceptance time not in the bulk data set