Rubric Capital Management: 13F holdings, Q2 2026
Emerging, concentrated · SEC EDGAR filings (CIK 0001687509) · Explore on the interactive board
Rubric Capital Management disclosed 87 US equity positions worth $10.9bn in its Q2 2026 13F filing (holdings as of June 30, 2026, filed August 14, 2026). Its largest position is TLN at 12.7% of the reported book, followed by FTAI AVIATION LTD, VTRS. The top ten holdings are 46.4% of the book, and the portfolio behaves like about 27 equal-weight positions. Versus the prior filing it opened 18 new positions, added to 35, reduced 10 and exited 13.
What does Rubric Capital Management own? Top holdings as of June 30, 2026
Change is measured in shares against the previous filing (Q1 2026), so price moves do not read as decisions. This quarter: 18 new, 35 added, 10 reduced, 13 exited.
| # | Stock | Sector | Weight | Value | Shares | Δ shares | Action |
|---|---|---|---|---|---|---|---|
| 1 | TLN TALEN ENERGY CORP | Utilities | 12.7% | $1.4bn | 3,602,171 | 0% | held |
| 2 | FTAI AVIATION LTD | 7.4% | $811.6m | 3,000,000 | 16% | added | |
| 3 | VTRS VIATRIS INC | Healthcare | 5.0% | $542.6m | 34,168,743 | 2% | added |
| 4 | TEVA TEVA PHARMACEUTICAL INDS LTD | Healthcare | 4.8% | $527.7m | 15,575,000 | 2% | added |
| 5 | GLNG GOLAR LNG LTD | Energy | 4.2% | $457.5m | 9,178,978 | 0% | held |
| 6 | VST VISTRA CORP | Utilities | 2.6% | $284.7m | 1,794,953 | 20% | added |
| 7 | TAC TRANSALTA CORP | Utilities | 2.6% | $279.8m | 20,232,011 | 14% | added |
| 8 | FLR FLUOR CORP | Industrials | 2.4% | $262.9m | 5,017,248 | – | new |
| 9 | KINIKSA PHARMACEUTICALS INTL | 2.3% | $255.8m | 3,999,800 | 7% | added | |
| 10 | BGC BGC GROUP INC | Financial Services | 2.3% | $254.4m | 23,800,000 | 2% | added |
| 11 | ZM ZOOM COMMUNICATIONS INC | Technology | 2.2% | $238.7m | 2,766,009 | 176% | added |
| 12 | GIL GILDAN ACTIVEWEAR INC | Consumer Cyclical | 2.1% | $232.2m | 4,500,000 | 222% | added |
| 13 | ARQT ARCUTIS BIOTHERAPEUTICS INC | Healthcare | 2.0% | $216.9m | 8,271,577 | 0% | held |
| 14 | AMZN AMAZON COM INC | Consumer Cyclical | 2.0% | $214.5m | 900,000 | – | new |
| 15 | ROIV ROIVANT SCIENCES LTD | Healthcare | 1.9% | $212.3m | 6,000,000 | 20% | added |
| 16 | ZYME ZYMEWORKS INC | Healthcare | 1.7% | $183.0m | 7,000,000 | 0% | held |
| 17 | AMCOR PLC | 1.7% | $180.4m | 4,162,030 | 228% | added | |
| 18 | CMPR CIMPRESS PLC | Industrials | 1.6% | $178.0m | 1,750,000 | 7% | added |
| 19 | AMRX AMNEAL PHARMACEUTICALS INC | Healthcare | 1.6% | $176.0m | 10,168,660 | -8% | reduced |
| 20 | NRIX NURIX THERAPEUTICS INC | Healthcare | 1.6% | $175.3m | 7,227,778 | 192% | added |
| 21 | MCY MERCURY GENL CORP NEW | Financial Services | 1.5% | $164.3m | 1,541,440 | -28% | reduced |
| 22 | PFSI PENNYMAC FINL SVCS INC NEW | Financial Services | 1.4% | $148.1m | 1,700,000 | 3006% | added |
| 23 | IART INTEGRA LIFESCIENCES HLDGS C | Healthcare | 1.3% | $139.3m | 7,753,934 | 0% | held |
| 24 | DK DELEK US HLDGS INC NEW | Energy | 1.3% | $136.5m | 2,687,449 | 0% | held |
| 25 | LIBERTY GLOBAL LTD | 1.2% | $133.6m | 11,752,855 | 0% | held | |
| 26 | MGTX MEIRAGTX HLDGS PLC | 1.1% | $122.9m | 9,100,000 | 30% | added | |
| 27 | GEO GEO GROUP INC | Industrials | 1.1% | $122.1m | 4,131,219 | 10% | added |
| 28 | LIBERTY LATIN AMERICA LTD | 1.1% | $121.9m | 15,645,430 | 2% | added | |
| 29 | SDGR SCHRODINGER INC | Healthcare | 1.0% | $104.0m | 6,400,000 | 7% | added |
| 30 | ECVT ECOVYST INC | Basic Materials | 0.9% | $102.2m | 8,211,888 | -10% | reduced |
| 31 | LIBERTY GLOBAL LTD | 0.9% | $101.9m | 9,259,361 | 0% | held | |
| 32 | COMP COMPASS INC | Real Estate | 0.9% | $101.3m | 8,218,394 | 119% | added |
| 33 | NWL NEWELL BRANDS INC | Consumer Defensive | 0.9% | $98.2m | 16,000,000 | 5% | added |
| 34 | EPC EDGEWELL PERSONAL CARE CO | Consumer Defensive | 0.9% | $95.2m | 3,544,465 | -11% | reduced |
| 35 | CXW CORECIVIC INC | Industrials | 0.8% | $86.5m | 2,847,436 | 38% | added |
| 36 | ARDX ARDELYX INC | Healthcare | 0.8% | $82.6m | 16,202,700 | 771% | added |
| 37 | ENOV ENOVIS CORPORATION | Healthcare | 0.7% | $80.7m | 3,900,000 | 59% | added |
| 38 | ADMA ADMA BIOLOGICS INC | Healthcare | 0.7% | $78.2m | 9,339,414 | 416% | added |
| 39 | MNKD MANNKIND CORP | Healthcare | 0.7% | $76.7m | 18,000,000 | 397% | added |
| 40 | DRVN DRIVEN BRANDS HLDGS INC | Consumer Cyclical | 0.7% | $73.9m | 5,300,613 | 77% | added |
| 41 | OPK OPKO HEALTH INC | Healthcare | 0.7% | $71.7m | 47,791,243 | 0% | held |
| 42 | AVO MISSION PRODUCE INC | 0.6% | $70.5m | 5,981,953 | 246% | added | |
| 43 | ADEA ADEIA INC | Technology | 0.6% | $70.0m | 2,126,633 | -50% | reduced |
| 44 | RENEW ENERGY GLOBAL PLC | 0.6% | $68.8m | 11,000,000 | 0% | held | |
| 45 | SSYS STRATASYS LTD | Technology | 0.6% | $68.5m | 8,000,000 | 0% | held |
| 46 | SPRY ARS PHARMACEUTICALS INC | Healthcare | 0.6% | $68.4m | 8,540,861 | 7% | added |
| 47 | ANDE ANDERSONS INC | Consumer Defensive | 0.6% | $68.4m | 999,559 | 17% | added |
| 48 | PRMB PRIMO BRANDS CORPORATION | Consumer Defensive | 0.6% | $65.3m | 2,672,231 | -4% | reduced |
| 49 | SON SONOCO PRODS CO | Consumer Cyclical | 0.6% | $64.4m | 1,143,562 | – | new |
| 50 | STUB STUBHUB HLDGS INC | Communication Services | 0.6% | $64.3m | 5,000,000 | – | new |
What did Rubric Capital Management sell? Positions exited since the previous filing
| Stock | Prior weight | Prior value |
|---|---|---|
| CEG CONSTELLATION ENERGY CORP | 31.6% | $199.7m |
| AKAM AKAMAI TECHNOLOGIES INC | 23.6% | $149.3m |
| TDS TELEPHONE & DATA SYS INC | 12.3% | $77.9m |
| PTGX PROTAGONIST THERAPEUTICS INC | 7.1% | $45.1m |
| CALAVO GROWERS INC | 5.8% | $36.5m |
| TSAT TELESAT CORP | 4.8% | $30.5m |
| BMRN BIOMARIN PHARMACEUTICAL INC | 3.9% | $24.9m |
| INDV INDIVIOR PHARMACEUTICALS INC | 3.2% | $20.2m |
| ACHC ACADIA HEALTHCARE COMPANY IN | 3.1% | $19.9m |
| CPRI CAPRI HOLDINGS LIMITED | 1.9% | $11.9m |
| EMBC EMBECTA CORP | 1.5% | $9.2m |
| HELE HELEN OF TROY LTD | 0.8% | $5.3m |
| MYPS PLAYSTUDIOS INC | 0.2% | $1.3m |
Sector mix
| Sector | Weight |
|---|---|
| Healthcare | 28.3% |
| Utilities | 17.9% |
| Industrials | 7.0% |
| Energy | 6.0% |
| Financial Services | 5.8% |
| Consumer Cyclical | 5.7% |
Sectors cover positions whose ticker resolved to a sector; the remainder is unclassified, not cash.
Filing history
| Quarter | Positions | Equity value |
|---|---|---|
| Q2 2026 | 87 | $10.9bn |
| Q1 2026 | 82 | $8.2bn |
| Q4 2025 | 76 | $8.4bn |
| Q3 2025 | 70 | $7.4bn |
| Q2 2025 | 63 | $6.2bn |
| Q1 2025 | 65 | $5.6bn |
| Q4 2024 | 67 | $5.5bn |
| Q3 2024 | 64 | $6.1bn |
| Q2 2024 | 67 | $3.8bn |
| Q1 2024 | 68 | $3.4bn |
| Q4 2023 | 57 | $2.7bn |
| Q3 2023 | 59 | $2.4bn |
| Q2 2023 | 61 | $2.3bn |
| Q1 2023 | 70 | $2.5bn |
| Q4 2022 | 94 | $2.3bn |
| Q3 2022 | 87 | $2.0bn |
Earliest filing: Q4 2016 · 39 quarters on file
How concentrated is Rubric Capital Management's portfolio?
Across every quarter Rubric Capital Management has filed, its median largest position is 7.3% of the book and its median top-ten weight is 44.3%, which WhaleCreep classifies as concentrated (the gate is a median largest position of 5%). Of 535 completed holding spells, the median lasted 2.0 quarters; 87 positions are still open and their final length is unknown.