Rubric Capital Management 13F holdings, Q1 2018
Holdings as of March 31, 2018 · filings on SEC EDGAR · latest filing →
Rubric Capital Management disclosed 52 US equity positions worth $1.1bn in its Q1 2018 13F filing. The largest position was SPB at 5.9% of the reported book, followed by KRATON CORPORATION and MCDERMOTT INTL INC. Against the Q4 2017 filing, it opened 14 new positions, added to 18 and reduced 10 among the top 50 holdings.
What did Rubric Capital Management own in Q1 2018? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2017 |
|---|---|---|---|---|---|---|---|
| 1 | SPB SPECTRUM BRANDS HLDGS INC | Consumer Defensive | 5.9% | $62.6m | 604,000 | 1841% | added |
| 2 | KRATON CORPORATION | 4.6% | $48.7m | 1,021,564 | 82% | added | |
| 3 | MCDERMOTT INTL INC | 4.5% | $47.8m | 7,853,962 | – | new | |
| 4 | GPOR GULFPORT ENERGY CORP | Energy | 4.5% | $47.6m | 4,933,204 | 1198% | added |
| 5 | NATIONSTAR MTG HLDGS INC | 4.4% | $46.8m | 2,603,611 | 65% | added | |
| 6 | FLEXION THERAPEUTICS INC | 4.3% | $45.4m | 2,023,704 | 109% | added | |
| 7 | CNDT CONDUENT INC | Technology | 4.1% | $44.2m | 2,369,200 | -17% | reduced |
| 8 | MITEL NETWORKS CORP | 4.1% | $44.2m | 4,757,943 | 30% | added | |
| 9 | RYAM RAYONIER ADVANCED MATLS INC | Basic Materials | 4.0% | $43.1m | 2,006,733 | -2% | reduced |
| 10 | HRTX HERON THERAPEUTICS INC | Healthcare | 3.9% | $41.7m | 1,510,008 | -31% | reduced |
| 11 | ICHR ICHOR HOLDINGS | Technology | 3.8% | $40.5m | 1,673,220 | 160% | added |
| 12 | BRSL INTERNATIONAL GAME TECHNOLOG | Consumer Cyclical | 3.5% | $37.7m | 1,411,269 | 49% | added |
| 13 | WSC WILLSCOT CORP | Industrials | 3.5% | $37.5m | 2,750,000 | 0% | held |
| 14 | OLN OLIN CORP | Basic Materials | 3.1% | $33.1m | 1,088,950 | – | new |
| 15 | CIEN CIENA CORP | Technology | 3.0% | $32.1m | 1,240,653 | -23% | reduced |
| 16 | GMS INC | 3.0% | $31.8m | 1,040,400 | 81% | added | |
| 17 | RENEWABLE ENERGY GROUP INC | 2.8% | $29.4m | 2,300,253 | 92% | added | |
| 18 | CSTM CONSTELLIUM NV | Basic Materials | 2.6% | $28.1m | 2,585,678 | -22% | reduced |
| 19 | MX MAGNACHIP SEMICONDUCTOR CORP | Technology | 2.1% | $22.4m | 2,335,500 | 4% | added |
| 20 | KLIC KULICKE & SOFFA INDS INC | Technology | 1.9% | $20.8m | 830,033 | – | new |
| 21 | USX1 UNITED STATES STL CORP NEW | 1.9% | $20.1m | 570,000 | – | new | |
| 22 | HALO HALOZYME THERAPEUTICS INC | Healthcare | 1.7% | $17.9m | 912,963 | -29% | reduced |
| 23 | TIME WARNER INC | 1.6% | $16.7m | 176,764 | 0% | held | |
| 24 | AIR AAR CORP | Industrials | 1.5% | $15.7m | 355,100 | -20% | reduced |
| 25 | MGM MGM RESORTS INTERNATIONAL | Consumer Cyclical | 1.4% | $15.4m | 440,000 | -41% | reduced |
| 26 | UCTT ULTRA CLEAN HLDGS INC | Technology | 1.4% | $15.1m | 784,910 | – | new |
| 27 | STARS GROUP INC | 1.4% | $14.8m | 538,104 | -53% | reduced | |
| 28 | PARTY CITY HOLDCO INC | 1.4% | $14.4m | 925,115 | 3% | added | |
| 29 | DONNELLEY FINL SOLUTIONS INC | 1.2% | $12.9m | 749,578 | 31% | added | |
| 30 | BLDR BUILDERS FIRSTSOURCE INC | Industrials | 1.2% | $12.4m | 625,000 | 212% | added |
| 31 | NAVI NAVIENT CORPORATION | Financial Services | 0.9% | $10.1m | 770,000 | – | new |
| 32 | EQT EQT CORP | Energy | 0.9% | $9.7m | 205,000 | 17% | added |
| 33 | TRN TRINITY INDS INC | Industrials | 0.8% | $9.0m | 274,634 | – | new |
| 34 | OSG AMBAC FINL GROUP INC | Financial Services | 0.8% | $8.8m | 562,844 | 36% | added |
| 35 | MDCA MDC PARTNERS INC | 0.8% | $8.3m | 1,150,900 | 0% | held | |
| 36 | OCEAN RIG UDW INC | 0.8% | $8.2m | 326,229 | 0% | held | |
| 37 | APPTIO INC | 0.7% | $7.7m | 272,564 | -46% | reduced | |
| 38 | RAYONIER ADVANCED MATLS INC | 0.7% | $7.5m | 50,220 | 0% | held | |
| 39 | WMIH CORP | 0.6% | $6.2m | 4,380,357 | – | new | |
| 40 | ASIX ADVANSIX INC | Basic Materials | 0.5% | $5.6m | 159,942 | – | new |
| 41 | CHRS COHERUS BIOSCIENCES INC | Healthcare | 0.5% | $5.1m | 463,396 | – | new |
| 42 | SD SANDRIDGE ENERGY INC | Energy | 0.4% | $4.6m | 318,103 | – | new |
| 43 | ECLIPSE RES CORP | 0.4% | $4.6m | 3,199,478 | 18% | added | |
| 44 | CONE MIDSTREAM PARTNERS LP | 0.4% | $4.5m | 246,698 | – | new | |
| 45 | ERII ENERGY RECOVERY INC | Industrials | 0.4% | $4.2m | 508,536 | 0% | held |
| 46 | 8IN SYNEOS HEALTH INC | 0.4% | $3.9m | 109,600 | – | new | |
| 47 | MERRIMACK PHARMACEUTICALS IN | 0.4% | $3.8m | 476,164 | 16% | added | |
| 48 | MOSAIC ACQUISITION CORP | 0.3% | $3.5m | 350,000 | 0% | held | |
| 49 | VANTAGE ENERGY ACQUISITION | 0.3% | $3.1m | 300,000 | 0% | held | |
| 50 | TRONC INC | 0.2% | $2.5m | 152,201 | – | new |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.