WhaleCreep

Rubric Capital Management LP 13F holdings, Q2 2017

Hedge fundSEC filingsCompare with another fundHoldings as of 2017-06-30, filed 2017-08-02

Rubric Capital Management LP disclosed 45 US equity positions worth $411.7m in its Q2 2017 13F filing. Its largest position is HRTX at 5.7% of the reported book, followed by MX and CNDT. Versus Q1 2017 it opened 24 new positions, added to 12, reduced 7 and exited 10.

$412m
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
45
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
5.7%
Largest position
The largest single position as a share of the reported equity book.
40.4%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
34
Effective positions
1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
39
Quarters on file since Q4 2016
Quarters for which this manager's 13F holdings are on record.

Holdings

Against Q1 2017: 24 new, 12 added, 7 reduced, 10 exited

45 rows
HRTX HERON THERAPEUTICS INCHealthcare5.7%$23.5m1.70m+6.3%added
MX MAGNACHIP SEMICONDUCTOR CORPTechnology4.6%$18.9m1.93m+13%added
CNDT CONDUENT INCTechnology4.6%$18.8m1.18m+18%added
BROADSOFT INC no ticker–4.1%$16.9m393,000–new
OLN OLIN CORPBasic Materials4.1%$16.7m551,218–new
VG1EUR VONAGE HLDGS CORP–3.8%$15.7m2.40m–new
XOGEUR EXTRACTION OIL AND GAS INC–3.6%$14.7m1.09m+141%added
NATIONSTAR MTG HLDGS INC no ticker–3.5%$14.4m804,637−27%reduced
ASH ASHLAND INCBasic Materials3.2%$13.3m201,600–new
VYX NCR VOYIX CORPORATIONTechnology3.2%$13.3m325,000–new
AABAUSD ALTABA INC–3.2%$13.2m243,000–new
PANW PALO ALTO NETWORKS INCTechnology3.2%$13.1m98,000–new
GMS1EUR GMS INC–3.1%$12.7m453,454−9.3%reduced
XPER XPERI CORPTechnology3.1%$12.7m425,000−43%reduced
MDCA MDC PARTNERS INC–2.9%$12.1m1.22m+9.2%added
PARR PAR PACIFIC HOLDINGS INCEnergy2.8%$11.5m640,000+1.6%added
RICEEUR RICE ENERGY INC–2.5%$10.5m394,000−1.7%reduced
MITL1 MITEL NETWORKS CORP–2.5%$10.4m1.42m+25%added
APPTIO INC no ticker–2.5%$10.4m597,310–new
ATRSEUR ANTARES PHARMA INC–2.5%$10.3m3.19m+34%added
RYAM RAYONIER ADVANCED MATLS INCBasic Materials2.4%$9.9m632,958–new
FRTAEUR FORTERRA INC–1.9%$7.8m952,600+135%added
TSN TYSON FOODS INCConsumer Defensive1.9%$7.8m125,000–new
MU MICRON TECHNOLOGY INCTechnology1.9%$7.8m260,000–new
AMKR AMKOR TECHNOLOGY INCTechnology1.9%$7.7m789,740–new
CSTM CONSTELLIUM SEBasic Materials1.9%$7.6m1.10m+5.2%added
ECLIPSE RES CORP no ticker–1.7%$7.2m2.51m+48%added
EQT EQT CORPORATIONEnergy1.5%$6.3m106,800–new
PPC PILGRIMS PRIDE CORPConsumer Defensive1.5%$6.1m280,000–new
BAK BRASKEM SABasic Materials1.5%$6.1m296,160−65%reduced
PRTY1EUR PARTY CITY HOLDCO INC–1.5%$6.1m391,165−41%reduced
SUCAMPO PHARMACEUTICALS INC no ticker–1.5%$6.1m577,900–new
CSX CSX CORPIndustrials1.3%$5.5m100,0000.0%held
ERII ENERGY RECOVERY INCIndustrials1.3%$5.3m645,190–new
BLDR BUILDERS FIRSTSOURCE INCIndustrials1.1%$4.5m295,536–new
HALO HALOZYME THERAPEUTICS INCHealthcare0.9%$3.8m300,000–new
DFIN DONNELLEY FINL SOLUTIONS INCTechnology0.8%$3.4m150,000–new
KRAUSD KRATON CORPORATION–0.8%$3.4m99,812−83%reduced
DAR DARLING INGREDIENTS INCConsumer Defensive0.8%$3.3m210,000–new
VANTAGE ENERGY ACQUISITION no ticker–0.7%$3.0m300,000–new
QUALITY CARE PPTYS INC no ticker–0.7%$2.9m160,000–new
BMCH BMC STK HLDGS INC–0.6%$2.4m108,800–new
REGIEUR RENEWABLE ENERGY GROUP INC–0.5%$1.9m145,624–new
MPOUSD MIDSTATES PETE CO INC–0.3%$1.3m100,090+32%added
SILVER RUN ACQUISITION no ticker–0.3%$1.1m100,0000.0%held

Exited since Q1 2017

10 rows
IRWD IRONWOOD PHARMACEUTICALS INC4.5%$14.5m
GPK GRAPHIC PACKAGING HLDG CO4.1%$13.4m
BYD BOYD GAMING CORP3.8%$12.4m
HRI HERC HLDGS INC3.5%$11.4m
SNCREUR SYNCHRONOSS TECHNOLOGIES INC3.0%$9.8m
DELL DELL TECHNOLOGIES INC2.4%$7.8m
GOLGBP GOL LINHAS AEREAS INTELIGENT1.6%$5.2m
TERRAFORM PWR INC no ticker1.5%$5.0m
ORBOTECH LTD no ticker0.9%$3.1m
OMER OMEROS CORP0.06%$186k

Sector mix

  • Unclassified44.8%
  • Technology23.2%
  • Basic Materials13.0%
  • Healthcare6.7%
  • Energy4.3%
  • Consumer Defensive4.2%
  • Industrials3.7%

Book over time

Every quarter on file (39)
QuarterPositionsEquity book
Q2 202686$10.9bn
Q1 202681$8.2bn
Q4 202575$8.4bn
Q3 202569$7.4bn
Q2 202563$6.2bn
Q1 202565$5.6bn
Q4 202467$5.5bn
Q3 202464$6.1bn
Q2 202467$3.8bn
Q1 202468$3.4bn
Q4 202357$2.7bn
Q3 202359$2.4bn
Q2 202361$2.3bn
Q1 202370$2.5bn
Q4 202294$2.3bn
Q3 202287$2.0bn
Q2 202297$2.0bn
Q1 202270$2.1bn
Q4 202168$2.1bn
Q3 202155$1.7bn
Q2 202156$1.6bn
Q1 202158$1.7bn
Q4 202059$1.3bn
Q3 202064$1.1bn
Q2 202051$858m
Q1 202049$612m
Q4 201944$859m
Q3 201956$890m
Q2 201952$937m
Q1 201959$1.1bn
Q4 201848$805m
Q3 201852$946m
Q2 201840$1.0bn
Q1 201851$1.1bn
Q4 201748$796m
Q3 201750$630m
Q2 201745$412m
Q1 201731$324m
Q4 201631$197m

Where Rubric Capital Management LP was early

64 rows
XPER XPERI INCQ1 20172 of 857.9%7.9%19Held at last filing, Q2 2026–
CSTM CONSTELLIUM SEQ1 201711 of 1322.1%4.6%19Exited by Q4 2024+150%
AMKR AMKOR TECHNOLOGY INCQ2 20171 of 1341.9%2.0%2Exited by Q4 2017+8.0%
ERII ENERGY RECOVERY INCQ2 20172 of 821.3%1.3%5Exited by Q3 2018−2.5%
DFIN DONNELLEY FINL SOLUTIONS INCQ2 20173 of 830.8%1.7%4Exited by Q2 2018−25%
PPC PILGRIMS PRIDE CORP NEWQ2 20173 of 1081.5%1.5%4Exited by Q3 2019+16%
RYAM RAYONIER ADVANCED MATLS INCQ2 20173 of 1072.4%5.3%6Exited by Q4 2018+17%
BLDR BUILDERS FIRSTSOURCE INCQ2 20175 of 2081.1%2.9%6Exited by Q4 2018−4.2%
HALO HALOZYME THERAPEUTICS INCQ2 20175 of 1350.9%3.3%4Exited by Q2 2018+53%
DAR DARLING INGREDIENTS INCQ2 20176 of 1690.8%2.3%3Exited by Q1 2026+129%
TSN TYSON FOODS INCQ2 201712 of 1241.9%2.8%4Exited by Q1 2020+45%
EQT EQT CORPQ2 201724 of 2311.5%1.5%4Exited by Q2 2018−19%
TTMI TTM TECHNOLOGIES INCQ3 20173 of 1431.0%3.6%5Exited by Q3 2021−7.0%
BRSL INTERNATIONAL GAME TECHNOLOGQ3 20176 of 1423.2%8.0%8Exited by Q3 2022−24%
PTEN PATTERSON UTI ENERGY INCQ3 20177 of 1432.6%2.6%2Exited by Q1 2018+9.9%
CIEN CIENA CORPQ3 201716 of 1835.3%5.3%3Exited by Q2 2018+18%
ICHR ICHOR HOLDINGSQ4 20171 of 992.0%3.8%4Exited by Q3 2019−3.9%
WSC WILLSCOT MOBIL MINI HLDNG COQ4 20171 of 1774.6%5.8%20Exited by Q1 2023+256%
AIR AAR CORPQ4 20173 of 962.2%3.5%18Exited by Q4 2024+66%
OSG AMBAC FINL GROUP INCQ4 20174 of 870.8%3.0%9Exited by Q1 2021−3.8%
SPB SPECTRUM BRANDS HLDGS INCQ4 20174 of 1470.4%5.9%2Exited by Q2 2018−2.7%
SD SANDRIDGE ENERGY INCQ1 20182 of 770.4%1.7%3Exited by Q4 2018−25%
KLIC KULICKE & SOFFA INDS INCQ1 20184 of 1031.9%4.2%2Exited by Q3 2018−4.8%
8IN SYNEOS HEALTH INCQ1 20185 of 1150.4%3.5%3Exited by Q2 2019+46%
CHRS COHERUS ONCOLOGY INCQ1 20187 of 1050.5%4.6%16Exited by Q3 2025−93%
NTRA NATERA INCQ2 20183 of 1671.1%1.1%4Exited by Q3 2019+47%
CWH CAMPING WORLD HLDGS INCQ2 20184 of 1286.7%6.7%2Exited by Q4 2018−15%
GPRE GREEN PLAINS INCQ3 20184 of 1214.1%4.2%14Exited by Q4 2022+69%
MGY MAGNOLIA OIL & GAS CORPQ3 20184 of 1021.2%1.2%3Exited by Q2 2019−20%
ECHO ECHOSTAR CORPQ3 201813 of 2091.5%2.4%3Exited by Q1 2020+15%
07WA MR COOPER GROUP INCQ4 20181 of 1515.9%5.9%27Exited by Q3 2025+1179%
HGV HILTON GRAND VACATIONS INCQ4 201817 of 1661.6%1.9%4Exited by Q4 2019+21%
TH TARGET HOSPITALITY CORPQ1 20191 of 952.2%2.4%14Held at last filing, Q2 2026+114%
WKC WORLD FUEL SVCS CORPQ1 20194 of 850.5%2.4%4Exited by Q1 2020+50%
SAIC SCIENCE APPLICATNS INTL CP NQ1 20197 of 1214.7%4.7%4Exited by Q2 2020−3.0%
ENS ENERSYSQ1 20198 of 1020.5%2.7%3Exited by Q1 2021+27%
STNG SCORPIO TANKERS INCQ1 20199 of 1390.9%5.4%6Exited by Q3 2023+138%
ZYME ZYMEWORKS INCQ1 201911 of 1070.2%2.1%16Held at last filing, Q2 2026+62%
JBLU JETBLUE AWYS CORPQ1 201913 of 1651.1%2.8%3Exited by Q4 2019+2.4%
INSW INTERNATIONAL SEAWAYS INCQ2 20195 of 1031.2%2.2%4Exited by Q2 2020+26%
CCJ CAMECO CORPQ2 20199 of 1824.8%6.0%7Exited by Q4 2023+269%
QNST QUINSTREET INCQ3 20198 of 882.9%4.2%12Exited by Q1 2023+14%
TBPH THERAVANCE BIOPHARMA INCQ4 20197 of 960.5%3.3%5Exited by Q4 2022−61%
IDCC INTERDIGITAL INCQ1 20204 of 1183.5%3.9%9Exited by Q2 2023+63%
INSM INSMED INCQ1 20208 of 1801.8%3.3%5Exited by Q3 2022+23%
PFSI PENNYMAC FINL SVCS INC NEWQ2 20206 of 1142.0%2.3%6Held at last filing, Q2 2026+108%
RXT RACKSPACE TECHNOLOGY INCQ3 20201 of 803.5%3.6%3Exited by Q2 2021+23%
MREO MEREO BIOPHARMA GROUP PLCQ4 20201 of 670.5%1.6%23Held at last filing, Q2 2026−91%
HY HYSTER YALE MATLS HANDLING IQ1 20211 of 511.1%1.1%3Exited by Q4 2021−42%
OCUL OCULAR THERAPEUTIX INCQ1 20213 of 1200.4%1.9%3Exited by Q4 2021−39%

Concentration and tenure

7.3%
Median largest position, all quarters
The largest single position as a share of the reported equity book.
44.3%
Median top 10 weight, all quarters
The ten largest positions together, as a share of the reported equity book.
Concentrated
Style, by median largest position
2
Median completed holding, quarters