Empyrean Capital Partners

Empyrean Capital Partners as of Dec. 31, 2010

Portfolio Holdings for Empyrean Capital Partners

Empyrean Capital Partners holds 57 positions in its portfolio as reported in the December 2010 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
SPDR Gold Trust (GLD) 10.2 $192M 1.4M 138.72
Potash Corp. Of Saskatchewan I 7.7 $143M 926k 154.83
News Corporation 6.2 $117M 8.0M 14.56
Monsanto Company 5.0 $94M 1.4M 69.64
Alcon 5.0 $93M 569k 163.40
Charles River Laboratories (CRL) 4.3 $81M 2.3M 35.54
Genzyme Corporation 4.2 $79M 1.1M 71.20
Bally Technologies 3.3 $61M 1.5M 42.19
DaVita (DVA) 3.2 $60M 870k 69.49
Market Vectors Gold Miners ETF 3.2 $60M 977k 61.47
Sempra Energy (SRE) 3.2 $60M 1.1M 52.48
Discovery Communications 2.5 $46M 1.3M 36.69
Northrop Grumman Corporation (NOC) 2.4 $45M 700k 64.78
Quicksilver Resources 2.3 $43M 2.9M 14.74
EXCO Resources 2.1 $40M 2.1M 19.42
Yahoo! 2.0 $38M 2.3M 16.63
Sears Holdings Corporation 1.9 $36M 494k 73.75
TFS Financial Corporation (TFSL) 1.9 $36M 4.0M 9.02
On Semiconductor Corporation note 1.875%12/ 1.9 $35M 24M 1.49
Energy Select Sector SPDR (XLE) 1.6 $31M 448k 68.25
Suncor Energy (SU) 1.3 $25M 650k 38.29
Ldk Solar Co Ltd note 4.750% 4/1 1.3 $25M 25M 0.99
Liberty Media 1.3 $25M 396k 62.56
Financial Select Sector SPDR (XLF) 1.2 $23M 1.4M 15.95
Kroger (KR) 1.2 $22M 1.0M 22.36
Mead Johnson Nutrition 1.1 $20M 321k 62.25
Interpublic Group Cos Inc note 4.250% 3/1 1.0 $19M 18M 1.11
Liberty Media Corp deb 3.500% 1/1 1.0 $20M 36M 0.55
Nuvasive Inc note 2.250% 3/1 1.0 $19M 20M 0.97
Lennar Corporation (LEN) 1.0 $19M 1.0M 18.75
Medicis Pharmaceutical Corp note 2.500% 6/0 0.9 $18M 17M 1.06
JPMorgan Chase & Co. (JPM) 0.9 $17M 400k 42.42
Ford Mtr Co Del *w exp 01/01/201 0.9 $17M 2.1M 8.08
Verifone Sys Inc note 1.375% 6/1 0.9 $16M 15M 1.08
Talecris Biotherapeutics Holdings 0.8 $16M 685k 23.30
Bank of America Corporation (BAC) 0.7 $13M 1.0M 13.34
RF MICRO DEVICE CONVERTIBLE security 0.7 $13M 12M 1.13
Health Care Reit Inc Cvt cv bnd 0.7 $13M 11M 1.11
Barnes Group Inc note 3.750% 8/0 0.7 $12M 12M 1.06
Wells Fargo & Company (WFC) 0.7 $12M 400k 30.99
D.R. Horton (DHI) 0.6 $12M 1.0M 11.93
Safeway 0.6 $11M 500k 22.49
Ual Corp dbcv 5.000% 2/0 0.6 $11M 11M 1.00
Ocwen Financial Corporation 0.5 $9.9M 1.0M 9.54
On Semiconductor Corp note 4/1 0.5 $8.4M 7.5M 1.12
Eastman Kodak Co note 7.000% 4/0 0.4 $7.8M 7.5M 1.04
Hess (HES) 0.4 $7.7M 100k 76.54
Hancock Holding Company (HWC) 0.4 $7.3M 209k 34.86
Oil Service HOLDRs 0.4 $6.8M 48k 140.54
General Cable Corp Del New note 0.875%11/1 0.3 $6.4M 6.5M 0.98
Cubist Pharmaceuticals Inc note 2.250% 6/1 0.3 $5.7M 5.6M 1.01
Liberty Media 4.000 11/15/29 deb 4.000% 0.3 $5.2M 9.1M 0.57
Rf Microdevices Inc note 0.750% 4/1 0.3 $5.0M 4.5M 1.11
Kulicke & Soffa Inds Inc note 0.875% 6/0 0.3 $4.8M 5.0M 0.96
Ual Corp note 4.500% 6/3 0.2 $4.6M 4.5M 1.03
CoreLogic 0.2 $4.5M 242k 18.52
Smith & Wesson Hldg Corp note 4.000%12/1 0.1 $1.5M 1.5M 1.00