Empyrean Capital Partners

Empyrean Capital Partners as of March 31, 2011

Portfolio Holdings for Empyrean Capital Partners

Empyrean Capital Partners holds 59 positions in its portfolio as reported in the March 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
SPDR Gold Trust (GLD) 12.0 $262M 1.9M 139.86
Visa (V) 7.3 $159M 2.2M 73.62
Market Vectors Gold Miners ETF 4.9 $107M 1.8M 60.10
Monsanto Company 4.6 $101M 1.4M 72.26
Charles River Laboratories (CRL) 4.4 $96M 2.5M 38.38
Bally Technologies 4.3 $95M 2.5M 37.85
E TRADE Financial Corporation 3.8 $84M 5.4M 15.63
Energy Select Sector SPDR (XLE) 3.5 $76M 948k 79.75
Suncor Energy (SU) 3.1 $67M 1.5M 44.84
Sears Holdings Corporation 2.9 $62M 755k 82.65
Ocwen Financial Corporation 2.3 $51M 4.6M 11.02
TFS Financial Corporation (TFSL) 2.3 $50M 4.8M 10.62
Discovery Communications 2.2 $48M 1.4M 35.21
News Corporation 2.1 $46M 2.6M 17.58
DaVita (DVA) 2.1 $46M 535k 85.51
EXCO Resources 2.0 $43M 2.1M 20.66
Verisign (VRSN) 2.0 $44M 1.2M 36.21
Liberty Media 2.0 $43M 2.7M 16.04
Liberty Media 1.7 $37M 500k 73.67
Smurfit-stone Container Corp 1.7 $37M 950k 38.65
Ldk Solar Co Ltd note 4.750% 4/1 1.7 $36M 36M 1.00
On Semiconductor Corporation note 1.875%12/ 1.6 $35M 24M 1.48
Interpublic Group Cos Inc note 4.250% 3/1 1.5 $32M 28M 1.15
Medco Health Solutions 1.4 $31M 546k 56.16
RF MICRO DEVICE CONVERTIBLE security 1.3 $28M 26M 1.07
Kroger (KR) 1.2 $27M 1.1M 23.97
Novartis (NVS) 1.1 $25M 150k 165.51
Oil Service HOLDRs 1.1 $24M 148k 164.36
Nuvasive Inc note 2.250% 3/1 1.1 $24M 25M 0.99
Financial Select Sector SPDR (XLF) 1.1 $24M 1.4M 16.39
Quicksilver Resources Inc dbcv 1.875%11/0 1.0 $22M 21M 1.07
TRW Automotive Holdings 1.0 $22M 404k 55.08
Micron Technology Inc note 1.875% 6/0 1.0 $22M 20M 1.09
Hess (HES) 1.0 $21M 250k 85.21
SPDR S&P Oil & Gas Explore & Prod. 1.0 $21M 330k 64.42
Cephalon 0.9 $21M 270k 76.08
Coinstar 0.9 $19M 420k 45.92
Liberty Media Corp deb 3.500% 1/1 0.9 $19M 34M 0.57
Visteon Corporation (VC) 0.9 $19M 299k 62.49
Mead Johnson Nutrition 0.8 $19M 321k 57.93
Medicis Pharmaceutical Corp note 2.500% 6/0 0.8 $17M 15M 1.16
Savient Pharmaceuticals 0.6 $13M 1.3M 10.60
Health Care Reit Inc Cvt cv bnd 0.6 $13M 11M 1.13
Mentor Graphics Corp note 6.250% 3/0 0.5 $12M 12M 1.02
Lear Corporation (LEA) 0.5 $9.8M 200k 48.87
Ldk Solar Co Ltd note 4.750% 4/1 0.4 $9.3M 10M 0.93
Liberty Media 4.000 11/15/29 deb 4.000% 0.4 $9.2M 16M 0.59
China Medical Technologies 0.4 $9.0M 775k 11.64
On Semiconductor Corp note 4/1 0.4 $8.5M 7.5M 1.13
Sunpower Corp dbcv 1.250% 2/1 0.4 $8.2M 8.4M 0.98
Charter Communications 0.3 $7.6M 150k 50.63
Talecris Biotherapeutics Holdings 0.2 $5.4M 200k 26.80
Kulicke & Soffa Inds Inc note 0.875% 6/0 0.2 $5.0M 5.0M 1.00
CoreLogic 0.2 $4.5M 242k 18.50
First American Financial (FAF) 0.2 $4.0M 242k 16.50
Verifone Sys Inc note 1.375% 6/1 0.2 $3.8M 2.8M 1.34
China Med Technologies Inc note 6.250%12/1 0.1 $1.1M 1.0M 1.07
Boston Private Finl Hldgs In *w exp 11/21/201 0.0 $788k 315k 2.50
Eastman Kodak Company 0.0 $371k 115k 3.23