WhaleCreep

Rubric Capital Management LP 13F holdings, Q1 2019

Hedge fundSEC filingsCompare with another fundHoldings as of 2019-03-31, filed 2019-05-10

Rubric Capital Management LP disclosed 59 US equity positions worth $1.1bn in its Q1 2019 13F filing. Its largest position is SAIC at 4.7% of the reported book, followed by MYLAN NV and AMARIN CORP PLC. Versus Q4 2018 it opened 28 new positions, added to 11, reduced 16 and exited 17.

$1.1bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
59
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
4.7%
Largest position
The largest single position as a share of the reported equity book.
38.7%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
37
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 Q4 2018: 28 new, 11 added, 16 reduced, 17 exited

50 of 59
SAIC SCIENCE APPLICATIONS INTL COTechnology4.7%$49.4m642,053–new
MYLAN NV no ticker–4.6%$48.2m1.70m+68%added
AMARIN CORP PLC no ticker–4.4%$46.7m2.25m+67%added
RDUSEUR RADIUS HEALTH INC–3.8%$39.7m1.99m−5.1%reduced
STMLEUR STEMLINE THERAPEUTICS INC–3.6%$38.6m3.00m–new
ARNAEUR ARENA PHARMACEUTICALS INC–3.6%$38.4m857,103+33%added
BERYEUR BERRY GLOBAL GROUP INC–3.6%$37.8m701,899+6508%added
GPRE GREEN PLAINS INCBasic Materials3.5%$37.1m2.22m−11%reduced
HRTX HERON THERAPEUTICS INCHealthcare3.5%$36.7m1.50m−46%reduced
BIOHAVEN PHARMACTL HLDG CO L no ticker–3.4%$36.4m707,952−13%reduced
CHRS COHERUS ONCOLOGY INCHealthcare3.4%$36.0m2.64m−13%reduced
07WA MR COOPER GROUP INC–3.3%$34.8m3.63m−12%reduced
COLFAX CORP no ticker–2.8%$30.1m1.01m–new
TSN TYSON FOODS INCConsumer Defensive2.8%$29.9m430,700–new
WSC WILLSCOT CORPIndustrials2.8%$29.7m2.68m+23%added
JECUSD JACOBS ENGR GROUP INC–2.4%$25.2m335,100–new
BRSL BRIGHTSTAR LOTTERY PLCConsumer Cyclical2.3%$24.3m1.87m−38%reduced
TH TARGET HOSPITALITY CORPIndustrials2.2%$23.8m2.50m–new
BGCPEUR BGC PARTNERS INC–2.2%$23.6m4.44m−7.1%reduced
8IN SYNEOS HEALTH INC–2.2%$23.1m446,705–new
MBI MBIA INCFinancial Services2.2%$23.0m2.41m0.0%held
TXMD THERAPEUTICSMD INCHealthcare2.2%$22.8m4.69m+204%added
CNDT CONDUENT INCTechnology2.1%$21.9m1.58m+176%added
MX MAGNACHIP SEMICONDUCTOR CORPTechnology2.0%$21.1m2.86m−4.8%reduced
AVYAUSD AVAYA HLDGS CORP–1.8%$19.5m1.16m−49%reduced
PRSP PERSPECTA INC–1.7%$18.2m900,000+126%added
HGV HILTON GRAND VACATIONS INCConsumer Cyclical1.7%$17.6m572,104+17%added
CSTM CONSTELLIUM SEBasic Materials1.4%$15.3m1.92m−5.3%reduced
SAVEEUR SPIRIT AIRLS INC–1.4%$15.1m285,000–new
JBLU JETBLUE AIRWAYS CORPIndustrials1.1%$12.2m743,486–new
BDSIUSD BIODELIVERY SCIENCES INTL IN–1.1%$12.1m2.29m+15%added
SPIRIT MTA REIT no ticker–1.1%$12.0m1.84m0.0%held
DAL DELTA AIR LINES INCIndustrials1.0%$10.3m199,924–new
ALLERGAN PLC no ticker–1.0%$10.3m70,400–new
SF9 SANDERSON FARMS INC–1.0%$10.2m77,337–new
STNG SCORPIO TANKERS INCEnergy0.9%$9.9m500,000–new
PPC PILGRIMS PRIDE CORPConsumer Defensive0.9%$9.5m424,405–new
LSAK LESAKA TECHNOLOGIES INCTechnology0.9%$9.2m2.56m–new
FLEXION THERAPEUTICS INC no ticker–0.8%$9.0m718,3070.0%held
MGY MAGNOLIA OIL & GAS CORPEnergy0.8%$8.9m742,4770.0%held
VKTX VIKING THERAPEUTICS INCHealthcare0.8%$8.1m810,000–new
AERIEUR AERIE PHARMACEUTICALS INC–0.7%$7.8m164,070−71%reduced
SEB SEABOARD CORP DELIndustrials0.7%$7.1m1,663–new
INTELSAT S A no ticker–0.6%$5.9m374,641–new
MUR MURPHY OIL CORPEnergy0.6%$5.9m200,000–new
WKC WORLD KINECT CORPORATIONEnergy0.5%$5.8m199,658–new
MGNX MACROGENICS INCHealthcare0.5%$5.1m282,200–new
AM6 AMICUS THERAPEUTIC–0.5%$5.0m365,000–new
AKBA AKEBIA THERAPEUTICS INCHealthcare0.5%$5.0m604,481−44%reduced
BC BRUNSWICK CORPConsumer Cyclical0.5%$4.8m95,000–new

Exited since Q4 2018

17 rows
INCY INCYTE CORP5.3%$42.9m
ZAYOEUR ZAYO GROUP HLDGS INC4.9%$39.1m
AGO ASSURED GUARANTY LTD2.7%$22.1m
TEVA TEVA PHARMACEUTICAL INDS LTD1.6%$12.8m
FLEX FLEX LTD1.6%$12.8m
FGL HLDGS no ticker1.3%$10.3m
NTRA NATERA INC0.9%$7.3m
CBT CABOT CORP0.6%$4.6m
RAYONIER ADVANCED MATLS INC no ticker0.5%$3.8m
CLLS CELLECTIS S A0.2%$2.0m
OEC ORION S.A.0.2%$1.9m
TPCO TRIBUNE PUBG CO NEW0.2%$1.7m
PLATINUM EAGLE ACQUISITIN CO no ticker0.1%$845k
PLAYA HOTELS & RESORTS NV no ticker0.06%$471k
MAS MASCO CORP0.05%$418k
99803EUR LABORATORY CORP AMER HLDGS0.05%$371k
ATRSEUR ANTARES PHARMA INC0.0%$35.0k

Sector mix

  • Unclassified52.9%
  • Healthcare11.0%
  • Technology9.6%
  • Industrials8.3%
  • Basic Materials4.9%
  • Consumer Cyclical4.4%
  • Consumer Defensive3.7%
  • Energy2.9%
  • Financial Services2.3%

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