Rubric Capital Management 13F holdings, Q3 2018
Holdings as of September 30, 2018 · filings on SEC EDGAR · latest filing →
Rubric Capital Management disclosed 52 US equity positions worth $946.3m in its Q3 2018 13F filing. The largest position was BRSL at 8.0% of the reported book, followed by WMIH CORP and HRTX. Against the Q2 2018 filing, it opened 19 new positions, added to 12 and reduced 8 among the top 50 holdings.
What did Rubric Capital Management own in Q3 2018? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2018 |
|---|---|---|---|---|---|---|---|
| 1 | BRSL INTERNATIONAL GAME TECHNOLOG | Consumer Cyclical | 8.0% | $76.0m | 3,850,000 | 66% | added |
| 2 | WMIH CORP | 7.2% | $67.7m | 48,732,780 | 405% | added | |
| 3 | HRTX HERON THERAPEUTICS INC | Healthcare | 6.6% | $62.0m | 1,958,850 | 72% | added |
| 4 | INCY INCYTE CORP | Healthcare | 5.8% | $54.9m | 794,640 | – | new |
| 5 | WSC WILLSCOT CORP | Industrials | 5.0% | $47.2m | 2,750,000 | 0% | held |
| 6 | GMS INC | 4.9% | $46.6m | 2,008,392 | 9% | added | |
| 7 | AVAYA HLDGS CORP | 4.4% | $41.5m | 1,874,060 | 2430% | added | |
| 8 | FLEXION THERAPEUTICS INC | 4.2% | $39.8m | 2,125,000 | 8% | added | |
| 9 | GPRE GREEN PLAINS INC | Basic Materials | 4.1% | $38.7m | 2,250,000 | – | new |
| 10 | CSTM CONSTELLIUM NV | Basic Materials | 3.1% | $29.7m | 2,407,958 | 4% | added |
| 11 | MX MAGNACHIP SEMICONDUCTOR CORP | Technology | 3.1% | $29.7m | 3,000,000 | 0% | held |
| 12 | OSG AMBAC FINL GROUP INC | Financial Services | 3.0% | $28.6m | 1,400,000 | 0% | held |
| 13 | MCDERMOTT INTL INC | 2.9% | $27.1m | 1,470,275 | -39% | reduced | |
| 14 | CAESARS ENTMT CORP | 2.4% | $22.7m | 2,210,439 | – | new | |
| 15 | MBI MBIA INC | Financial Services | 2.3% | $21.5m | 2,011,400 | – | new |
| 16 | SPIRIT MTA REIT | 2.2% | $21.2m | 1,841,587 | 12% | added | |
| 17 | PARTY CITY HOLDCO INC | 2.2% | $20.4m | 1,505,000 | 23% | added | |
| 18 | CNDT CONDUENT INC | Technology | 2.1% | $20.3m | 900,000 | -75% | reduced |
| 19 | BGC PARTNERS INC | 2.0% | $18.9m | 1,600,000 | – | new | |
| 20 | BLDR BUILDERS FIRSTSOURCE INC | Industrials | 1.9% | $18.3m | 1,244,829 | -22% | reduced |
| 21 | SD SANDRIDGE ENERGY INC | Energy | 1.6% | $14.7m | 1,353,571 | 40% | added |
| 22 | ECHO ECHOSTAR CORP | Communication Services | 1.5% | $14.4m | 310,000 | – | new |
| 23 | WYNN WYNN RESORTS LTD | Consumer Cyclical | 1.5% | $14.0m | 110,000 | – | new |
| 24 | SINA CORP | 1.5% | $13.9m | 200,000 | – | new | |
| 25 | CWH CAMPING WORLD HLDGS INC | Consumer Cyclical | 1.4% | $13.0m | 610,000 | -77% | reduced |
| 26 | KRATON CORPORATION | 1.3% | $12.4m | 263,646 | -62% | reduced | |
| 27 | AMARIN CORP PLC | 1.2% | $11.4m | 700,000 | – | new | |
| 28 | RYAM RAYONIER ADVANCED MATLS INC | Basic Materials | 1.2% | $11.4m | 617,260 | -78% | reduced |
| 29 | OCEAN RIG UDW INC | 1.2% | $11.3m | 326,229 | 0% | held | |
| 30 | MGY MAGNOLIA OIL & GAS CORP | Energy | 1.2% | $11.1m | 742,477 | – | new |
| 31 | CHRS COHERUS BIOSCIENCES INC | Healthcare | 1.1% | $10.4m | 630,000 | 84% | added |
| 32 | FGL HLDGS | 0.8% | $7.8m | 873,802 | – | new | |
| 33 | NTRA NATERA INC | Healthcare | 0.8% | $7.8m | 325,805 | -45% | reduced |
| 34 | AGO ASSURED GUARANTY LTD | Financial Services | 0.8% | $7.8m | 183,737 | – | new |
| 35 | RAYONIER ADVANCED MATLS INC | 0.7% | $6.4m | 50,220 | 0% | held | |
| 36 | RADIUS HEALTH INC | 0.5% | $4.9m | 277,260 | – | new | |
| 37 | MGM MGM RESORTS INTERNATIONAL | Consumer Cyclical | 0.5% | $4.9m | 175,000 | – | new |
| 38 | ECLIPSE RES CORP | 0.5% | $4.3m | 3,611,100 | 0% | held | |
| 39 | RETAIL VALUE INC | 0.4% | $3.3m | 101,790 | – | new | |
| 40 | CMBT EURONAV NV ANTWERPEN | Energy | 0.3% | $3.3m | 376,702 | – | new |
| 41 | VANTAGE ENERGY ACQUISITION | 0.3% | $3.1m | 300,000 | 0% | held | |
| 42 | MERRIMACK PHARMACEUTICALS IN | 0.3% | $3.0m | 554,338 | 16% | added | |
| 43 | FOUNDATION BLDG MATLS INC | 0.3% | $2.9m | 231,862 | 0% | held | |
| 44 | MONEYGRAM INTL INC | 0.3% | $2.8m | 518,820 | 0% | held | |
| 45 | AKBA AKEBIA THERAPEUTICS INC | Healthcare | 0.3% | $2.7m | 302,731 | – | new |
| 46 | DHT DHT HOLDINGS INC | Energy | 0.3% | $2.5m | 541,745 | – | new |
| 47 | TRONC INC | 0.3% | $2.5m | 152,201 | 0% | held | |
| 48 | GPOR GULFPORT ENERGY CORP | Energy | 0.3% | $2.4m | 227,649 | -94% | reduced |
| 49 | MIDSTATES PETE CO INC | 0.2% | $1.5m | 165,000 | 0% | held | |
| 50 | KERYX BIOPHARMACEUTICALS INC | 0.1% | $680.0k | 199,883 | – | 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.