WhaleCreep

Rubric Capital Management LP 13F holdings, Q3 2019

Hedge fundSEC filingsCompare with another fundHoldings as of 2019-09-30, filed 2019-11-14

Rubric Capital Management LP disclosed 56 US equity positions worth $889.7m in its Q3 2019 13F filing. Its largest position is CCJ at 6.0% of the reported book, followed by AMARIN CORP PLC and WSC. Versus Q2 2019 it opened 23 new positions, added to 15, reduced 7 and exited 19.

$890m
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
56
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
6.0%
Largest position
The largest single position as a share of the reported equity book.
43.2%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
33
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 Q2 2019: 23 new, 15 added, 7 reduced, 19 exited

50 of 56
CCJ CAMECO CORPEnergy6.0%$53.0m5.58m+33%added
AMARIN CORP PLC no ticker–5.0%$44.9m2.96m+9.7%added
WSC WILLSCOT CORPIndustrials4.7%$41.7m2.68m0.0%held
CHRS COHERUS ONCOLOGY INCHealthcare4.6%$41.3m2.04m+191%added
07WA MR COOPER GROUP INC–4.3%$38.5m3.63m0.0%held
BGCPEUR BGC PARTNERS INC–4.1%$36.4m6.62m+3.1%added
DELL DELL TECHNOLOGIES INCTechnology4.1%$36.3m700,000–new
RDUSEUR RADIUS HEALTH INC–3.9%$34.6m1.34m−18%reduced
REGIEUR RENEWABLE ENERGY GROUP INC–3.4%$30.0m2.00m–new
SAILEUR SAILPOINT TECHNOLOGIES HLDGS–3.2%$28.0m1.50m0.0%held
STMLEUR STEMLINE THERAPEUTICS INC–3.0%$26.9m2.58m−8.6%reduced
CSTM CONSTELLIUM SEBasic Materials2.9%$25.9m2.04m+6.2%added
REZI RESIDEO TECHNOLOGIES INCIndustrials2.9%$25.8m1.80m–new
QNST QUINSTREET INCCommunication Services2.9%$25.4m2.02m–new
TXMD THERAPEUTICSMD INCHealthcare2.8%$25.0m6.88m+2.0%added
MX MAGNACHIP SEMICONDUCTOR CORPTechnology2.7%$24.4m2.40m−1.9%reduced
GPRE GREEN PLAINS INCBasic Materials2.7%$23.8m2.25m+22%added
OC Owens Corning IncIndustrials2.6%$23.3m368,600+18%added
ECHO ECHOSTAR CORPCommunication Services2.4%$21.2m536,000–new
STNG SCORPIO TANKERS INCEnergy2.3%$20.8m700,000+4.7%added
CISION LTD no ticker–2.3%$20.2m2.62m+102%added
WKC WORLD KINECT CORPORATIONEnergy2.2%$19.3m482,7160.0%held
TH TARGET HOSPITALITY CORPIndustrials1.9%$17.0m2.50m0.0%held
INSW INTERNATIONAL SEAWAYS INCEnergy1.6%$14.3m744,800+24%added
MBI MBIA INCFinancial Services1.6%$13.8m1.50m−26%reduced
MIC2EUR MACQUARIE INFRASTRUCTURE COR–1.4%$12.6m320,445–new
MINIEUR MOBILE MINI INC–1.4%$12.6m341,191–new
BDSIUSD BIODELIVERY SCIENCES INTL IN–1.2%$10.9m2.59m+13%added
PCG PG&E CORPUtilities1.2%$10.7m1.07m–new
JBLU JETBLUE AIRWAYS CORPIndustrials1.1%$10.0m597,486−59%reduced
FLEXION THERAPEUTICS INC no ticker–1.1%$9.8m716,473+16%added
LSAK LESAKA TECHNOLOGIES INCTechnology1.1%$9.5m2.65m0.0%held
HGV HILTON GRAND VACATIONS INCConsumer Cyclical1.0%$9.2m286,052−50%reduced
SEB SEABOARD CORP DELIndustrials0.9%$8.0m1,823+4.2%added
WPXUSD WPX ENERGY INC–0.7%$6.7m630,000–new
FANG DIAMONDBACK ENERGY INCEnergy0.7%$6.5m72,000–new
PE1EUR PARSLEY ENERGY INC–0.7%$6.3m375,000–new
HOME AT HOME GROUP INC–0.7%$6.3m653,864–new
CNDT CONDUENT INCTechnology0.7%$6.0m964,094−66%reduced
IMMR IMMERSION CORPTechnology0.6%$5.5m714,311–new
CRCMGBP CARE COM INC–0.6%$5.2m500,000–new
PRTY1EUR PARTY CITY HOLDCO INC–0.5%$4.8m846,050–new
VKTX VIKING THERAPEUTICS INCHealthcare0.5%$4.5m660,0000.0%held
ARQLUSD ARQULE INC–0.5%$4.4m607,5000.0%held
HWAYEUR TIVITY HEALTH INC–0.5%$4.3m255,6230.0%held
AMPY AMPLIFY ENERGY CORP NEW–0.4%$3.7m600,858–new
CMBT CMB.TECH NVEnergy0.4%$3.3m356,910+2.0%added
TELLEUR TELLURIAN INC NEW–0.3%$2.5m300,000–new
SM SM ENERGY COMPANYEnergy0.3%$2.3m240,000–new
XOGEUR EXTRACTION OIL AND GAS INC–0.3%$2.3m775,000–new

Exited since Q2 2019

19 rows
CTVA CORTEVA INC5.4%$50.3m
BUNGE LIMITED no ticker4.2%$39.0m
VLO VALERO ENERGY CORP2.9%$27.3m
SAIC SCIENCE APPLICATIONS INTL CO2.7%$25.1m
SAVEEUR SPIRIT AIRLS INC2.2%$20.5m
PRSP PERSPECTA INC2.2%$20.3m
BECNUSD BEACON ROOFING SUPPLY INC1.9%$17.5m
TSN TYSON FOODS INC1.7%$16.1m
SPIRIT MTA REIT no ticker1.6%$15.4m
CC CHEMOURS CO0.9%$8.2m
PPC PILGRIMS PRIDE CORP0.8%$7.2m
NTRA NATERA INC0.6%$5.5m
AM6 AMICUS THERAPEUTIC0.5%$4.6m
ICHR ICHOR HOLDINGS0.4%$4.1m
TROX TRONOX HOLDINGS PLC0.4%$3.8m
RVIEUR RETAIL VALUE INC0.4%$3.7m
KIN1USD KINDRED BIOSCIENCES INC0.3%$2.5m
UUUU ENERGY FUELS INC0.1%$1.2m
TOCAGEN INC no ticker0.08%$723k

Sector mix

  • Unclassified40.7%
  • Industrials14.1%
  • Energy13.4%
  • Technology9.2%
  • Healthcare8.0%
  • Basic Materials5.6%
  • Communication Services5.2%
  • Financial Services1.6%
  • Utilities1.2%
  • Consumer Cyclical1.0%

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