# EDGAR Filing Document

**Accession Number:** 0001317195
**File Stem:** 0001085146-25-005272
**Filing Date:** 2025-8
**Character Count:** 11520
**Document Hash:** cc83584d5d94b7ab5dace0754bfb64ad
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001085146-25-005272.hdr.sgml**: 20250814

**ACCESSION NUMBER**: 0001085146-25-005272

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250814

**DATE AS OF CHANGE**: 20250814

**EFFECTIVENESS DATE**: 20250814

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Empyrean Capital Partners, LP
- **CENTRAL INDEX KEY:** 0001317195

**ORGANIZATION NAME:**
- **EIN:** 522403815
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-11141
- **FILM NUMBER:** 251219101

**BUSINESS ADDRESS:**
- **STREET 1:** 10250 CONSTELLATION BOULEVARD
- **STREET 2:** SUITE 2950
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90067
- **BUSINESS PHONE:** (310)843-9900

**MAIL ADDRESS:**
- **STREET 1:** 10250 CONSTELLATION BOULEVARD
- **STREET 2:** SUITE 2950
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90067

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Empyrean Capital Partners LP<br>**Address:** 10250 CONSTELLATION BOULEVARD<br>SUITE 2950<br>LOS ANGELES, CA 90067

**Form 13F File Number:** 028-11141

**CRD Number (if applicable):** 000138978

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Peter Bergren<br>**Title:** Chief Financial Officer<br>**Phone:** 310.843.3000

**Signature, Place, and Date of Signing:**

/s/ Peter Bergren  Los Angeles, CA  08-14-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 75

**Form 13F Information Table Value Total:** $2980553752

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ACADIAN ASSET MANAGEMENT INC | COM | 10948W103 |  | 66273542 | 1880634 | SH |  | SOLE |  | 1880634 | 0 | 0 |
| ADVANCED ENERGY INDS | NOTE 2.500% 9/1 | 007973AE0 |  | 22216570 | 18500000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| AERCAP HOLDINGS NV | SHS | N00985106 |  | 167544000 | 1432000 | SH |  | SOLE |  | 1432000 | 0 | 0 |
| AGNICO EAGLE MINES LTD | COM | 008474108 |  | 11893000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| ALAMOS GOLD INC NEW | COM CL A | 011532108 |  | 7968000 | 300000 | SH |  | SOLE |  | 300000 | 0 | 0 |
| ALGOMA STL GROUP INC | COM | 015658107 |  | 3115300 | 452148 | SH |  | SOLE |  | 452148 | 0 | 0 |
| ALIGHT INC | COM CL A | 01626W101 |  | 48110000 | 8500000 | SH |  | SOLE |  | 8500000 | 0 | 0 |
| ALTICE USA INC | CL A | 02156K103 |  | 49434000 | 23100000 | SH |  | SOLE |  | 23100000 | 0 | 0 |
| AMERICAN COASTAL INS CORP | COM | 910710102 |  | 10458360 | 940500 | SH |  | SOLE |  | 940500 | 0 | 0 |
| AMPHASTAR PHARMACEUTICALS IN | NOTE 2.000% 3/1 | 03209RAB9 |  | 13003125 | 15000000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| ANTERO RESOURCES CORP | COM | 03674X106 |  | 4084392 | 101400 | SH |  | SOLE |  | 101400 | 0 | 0 |
| ARDAGH METAL PACKAGING S A | SHS | L02235106 |  | 17120000 | 4000000 | SH |  | SOLE |  | 4000000 | 0 | 0 |
| BENEFICIENT | *W EXP 06/07/202 | 08178Q119 |  | 690 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| BIT DIGITAL INC | SHS | G1144A105 |  | 9307500 | 4250000 | SH |  | SOLE |  | 4250000 | 0 | 0 |
| BLACKLINE INC | NOTE 1.000% 6/0 | 09239BAF6 |  | 44759820 | 42000000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| BLUE ACQUISITION CORP. | UNIT 06/02/2030 | G1331A124 |  | 3012000 | 300000 | SH |  | SOLE |  | 300000 | 0 | 0 |
| BP PLC | SPONSORED ADR | 055622104 |  | 7332850 | 245000 | SH |  | SOLE |  | 245000 | 0 | 0 |
| BRISTOW GROUP INC | COM | 11040G103 |  | 42069720 | 1276000 | SH |  | SOLE |  | 1276000 | 0 | 0 |
| BRITISH AMERN TOB PLC | SPONSORED ADR | 110448107 |  | 44963500 | 950000 | SH |  | SOLE |  | 950000 | 0 | 0 |
| CANTOR EQUITY PARTNERS III I | SHS CL A | G1828A108 |  | 2637500 | 250000 | SH |  | SOLE |  | 250000 | 0 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 31914000 | 150000 | SH |  | SOLE |  | 150000 | 0 | 0 |
| CARDINAL HEALTH INC | COM | 14149Y108 |  | 52298400 | 311300 | SH |  | SOLE |  | 311300 | 0 | 0 |
| CHEFS WHSE INC | NOTE 2.375%12/1 | 163086AE1 |  | 12496452 | 8000000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| CHURCHILL CAP CORP X | UNIT 05/14/2030 | G2130T124 |  | 30902100 | 3000000 | SH |  | SOLE |  | 3000000 | 0 | 0 |
| CHURCHILL CAPITAL CORP IX | *W EXP 03/31/203 | G21301117 |  | 418044 | 440000 | SH |  | SOLE |  | 440000 | 0 | 0 |
| CHURCHILL CAPITAL CORP IX | CL A SHS | G21301109 |  | 27705283 | 2633582 | SH |  | SOLE |  | 2633582 | 0 | 0 |
| COMSTOCK RES INC | COM | 205768302 |  | 3289963 | 118900 | SH |  | SOLE |  | 118900 | 0 | 0 |
| CONMED CORP | NOTE 2.250% 6/1 | 207410AH4 |  | 5695708 | 6000000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| COTERRA ENERGY INC | COM | 127097103 |  | 2928852 | 115400 | SH |  | SOLE |  | 115400 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 59460760 | 862000 | SH |  | SOLE |  | 862000 | 0 | 0 |
| ECHOSTAR CORP | CL A | 278768106 |  | 8670100 | 313000 | SH |  | SOLE |  | 313000 | 0 | 0 |
| ENOVA INTL INC | COM | 29357K103 |  | 63291838 | 567538 | SH |  | SOLE |  | 567538 | 0 | 0 |
| ENVOY MEDICAL INC | *W EXP 09/29/202 | 29415V117 |  | 2648 | 75000 | SH |  | SOLE |  | 75000 | 0 | 0 |
| EQT CORP | COM | 26884L109 |  | 4175712 | 71600 | SH |  | SOLE |  | 71600 | 0 | 0 |
| EXPAND ENERGY CORPORATION | COM | 165167735 |  | 4034430 | 34500 | SH |  | SOLE |  | 34500 | 0 | 0 |
| FASTLY INC | NOTE 3/1 | 31188VAB6 |  | 3815200 | 4000000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| FRONTIER GROUP HLDGS INC | COM | 35909R108 |  | 3993000 | 1100000 | SH |  | SOLE |  | 1100000 | 0 | 0 |
| FTAI INFRASTRUCTURE INC | COMMON STOCK | 35953C106 |  | 14635240 | 2372000 | SH |  | SOLE |  | 2372000 | 0 | 0 |
| HALLADOR ENERGY COMPANY | COM | 40609P105 |  | 7458589 | 471168 | SH |  | SOLE |  | 471168 | 0 | 0 |
| HESS CORP | COM | 42809H107 |  | 125517240 | 906000 | SH |  | SOLE |  | 906000 | 0 | 0 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 |  | 443575000 | 5500000 | SH | Put | SOLE |  | 5500000 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 377632500 | 1750000 | SH | Put | SOLE |  | 1750000 | 0 | 0 |
| ITRON INC | NOTE 1.375% 7/1 | 465741AQ9 |  | 8971875 | 7500000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| JAMES HARDIE INDS PLC | SPONSORED ADR | 47030M106 |  | 33800730 | 1257000 | SH |  | SOLE |  | 1257000 | 0 | 0 |
| LIBERTY BROADBAND CORP | COM SER A | 530307107 |  | 48910000 | 500000 | SH |  | SOLE |  | 500000 | 0 | 0 |
| LIBERTY BROADBAND CORP | COM SER C | 530307305 |  | 90586435 | 920781 | SH |  | SOLE |  | 920781 | 0 | 0 |
| LIBERTY MEDIA CORP DEL | COM LBTY LIV S A | 531229748 |  | 7515867 | 94563 | SH |  | SOLE |  | 94563 | 0 | 0 |
| LIBERTY MEDIA CORP DEL | COM LBTY LIV S C | 531229722 |  | 14265574 | 175771 | SH |  | SOLE |  | 175771 | 0 | 0 |
| MAGNERA CORP | COM SHS | 55939A107 |  | 5674338 | 469730 | SH |  | SOLE |  | 469730 | 0 | 0 |
| MARATHON PETE CORP | COM | 56585A102 |  | 88204410 | 531000 | SH |  | SOLE |  | 531000 | 0 | 0 |
| MKS INC. | NOTE 1.250% 6/0 | 55306NAB0 |  | 20336636 | 20500000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| NEW GOLD INC CDA | COM | 644535106 |  | 7620169 | 1539428 | SH |  | SOLE |  | 1539428 | 0 | 0 |
| NEWMARK GROUP INC | CL A | 65158N102 |  | 52975823 | 4360150 | SH |  | SOLE |  | 4360150 | 0 | 0 |
| NEXGEN ENERGY LTD | COM | 65340P106 |  | 14238104 | 2051600 | SH |  | SOLE |  | 2051600 | 0 | 0 |
| NEXTNAV INC | COMMON STOCK | 65345N106 |  | 25612000 | 1685000 | SH |  | SOLE |  | 1685000 | 0 | 0 |
| NOVAGOLD RES INC | COM NEW | 66987E206 |  | 26744510 | 6539000 | SH |  | SOLE |  | 6539000 | 0 | 0 |
| ON SEMICONDUCTOR CORP | NOTE 0.500% 3/0 | 682189AU9 |  | 25396767 | 27500000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| PAGERDUTY INC | NOTE 1.500%10/1 | 69553PAD2 |  | 38240000 | 40000000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| PERPETUA RESOURCES CORP | COM | 714266103 |  | 16953510 | 1396500 | SH |  | SOLE |  | 1396500 | 0 | 0 |
| PG CORP | COM | 69331C108 |  | 57154000 | 4100000 | SH |  | SOLE |  | 4100000 | 0 | 0 |
| PHILLIPS 66 | COM | 718546104 |  | 21235400 | 178000 | SH |  | SOLE |  | 178000 | 0 | 0 |
| RANGE RES CORP | COM | 75281A109 |  | 4119871 | 101300 | SH |  | SOLE |  | 101300 | 0 | 0 |
| REDFIN CORP | NOTE 0.500% 4/0 | 75737FAE8 |  | 3620066 | 4000000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| SABRE CORP | COM | 78573M104 |  | 14283513 | 4520099 | SH |  | SOLE |  | 4520099 | 0 | 0 |
| SHELL PLC | SPON ADS | 780259305 |  | 161943000 | 2300000 | SH |  | SOLE |  | 2300000 | 0 | 0 |
| SINCLAIR INC | CL A | 829242106 |  | 15816893 | 1144493 | SH |  | SOLE |  | 1144493 | 0 | 0 |
| SIRIUSXM HOLDINGS INC | COMMON STOCK | 829933100 |  | 20802160 | 905623 | SH |  | SOLE |  | 905623 | 0 | 0 |
| SKECHERS U S A INC | CL A | 830566105 |  | 51805100 | 821000 | SH |  | SOLE |  | 821000 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 77137337 | 124848 | SH |  | SOLE |  | 124848 | 0 | 0 |
| SUN CTRY AIRLS HLDGS INC | COM | 866683105 |  | 6545244 | 557042 | SH |  | SOLE |  | 557042 | 0 | 0 |
| TELEPHONE  DATA SYS INC | COM NEW | 879433829 |  | 11563500 | 325000 | SH |  | SOLE |  | 325000 | 0 | 0 |
| TXNM ENERGY INC | COM | 69349H107 |  | 81244641 | 1442554 | SH |  | SOLE |  | 1442554 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 29325180 | 94000 | SH |  | SOLE |  | 94000 | 0 | 0 |
| VISHAY INTERTECHNOLOGY INC | NOTE 2.250% 9/1 | 928298AR9 |  | 37628358 | 42000000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| WOLFSPEED INC | NOTE 1.875%12/0 | 977852AD4 |  | 1067813 | 4250000 | PRN |  | SOLE |  | 0 | 0 | 0 |

---