WhaleCreep

Rubric Capital Management LP 13F holdings, Q4 2019

Hedge fundSEC filingsCompare with another fundHoldings as of 2019-12-31, filed 2020-02-14

Rubric Capital Management LP disclosed 44 US equity positions worth $858.7m in its Q4 2019 13F filing. Its largest position is WSC at 5.8% of the reported book, followed by DD and MO. Versus Q3 2019 it opened 14 new positions, added to 13, reduced 12 and exited 26.

$859m
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
44
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
5.8%
Largest position
The largest single position as a share of the reported equity book.
47.6%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
28
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 Q3 2019: 14 new, 13 added, 12 reduced, 26 exited

44 rows
WSC WILLSCOT CORPIndustrials5.8%$49.5m2.68m0.0%held
DD DUPONT DE NEMOURS INCBasic Materials5.3%$45.3m705,000–new
MO ALTRIA GROUP INCConsumer Defensive5.2%$44.7m895,000–new
DELL DELL TECHNOLOGIES INCTechnology5.1%$43.7m850,000+21%added
BGCPEUR BGC PARTNERS INC–4.8%$41.0m6.89m+4.1%added
CHRS COHERUS ONCOLOGY INCHealthcare4.5%$38.3m2.13m+4.3%added
AVYAUSD AVAYA HLDGS CORP–4.4%$37.7m2.80m–new
STMLEUR STEMLINE THERAPEUTICS INC–4.3%$37.2m3.50m+36%added
GPRE GREEN PLAINS INCBasic Materials4.2%$36.0m2.33m+3.8%added
QNST QUINSTREET INCCommunication Services4.1%$35.4m2.31m+14%added
REGIEUR RENEWABLE ENERGY GROUP INC–4.1%$35.1m1.30m−35%reduced
MIC2EUR MACQUARIE INFRASTRUCTURE COR–4.0%$34.3m800,000+150%added
RDUSEUR RADIUS HEALTH INC–3.3%$28.2m1.40m+4.3%added
MX MAGNACHIP SEMICONDUCTOR CORPTechnology3.2%$27.5m2.37m−1.4%reduced
TXMD THERAPEUTICSMD INCHealthcare3.1%$26.7m11.01m+60%added
CSTM CONSTELLIUM SEBasic Materials2.7%$23.2m1.73m−15%reduced
WKC WORLD KINECT CORPORATIONEnergy2.4%$21.0m482,7160.0%held
CCJ CAMECO CORPEnergy2.3%$20.1m2.26m−60%reduced
AMARIN CORP PLC no ticker–2.3%$20.0m930,767−69%reduced
ECHO ECHOSTAR CORPCommunication Services2.3%$19.8m457,084−15%reduced
INSW INTERNATIONAL SEAWAYS INCEnergy2.2%$18.9m633,843−15%reduced
TSN TYSON FOODS INCConsumer Defensive1.9%$16.4m180,000–new
BDSIUSD BIODELIVERY SCIENCES INTL IN–1.9%$16.4m2.59m0.0%held
STNG SCORPIO TANKERS INCEnergy1.8%$15.3m390,000−44%reduced
ARQLUSD ARQULE INC–1.4%$12.1m607,5000.0%held
LSAK LESAKA TECHNOLOGIES INCTechnology1.3%$11.1m2.98m+12%added
CHNGUSD CHANGE HEALTHCARE INC–1.2%$10.5m640,300–new
07WA MR COOPER GROUP INC–1.1%$9.7m777,061−79%reduced
MINIEUR MOBILE MINI INC–1.1%$9.6m252,920−26%reduced
CCO CLEAR CHANNEL OUTDOOR HLDGSCommunication Services1.1%$9.1m3.18m–new
INNATE PHARMA S A no ticker–1.0%$8.7m1.35m–new
SEB SEABOARD CORP DELIndustrials1.0%$8.5m2,009+10%added
BRISTOL-MYERS SQUIBB CO no ticker–0.9%$7.9m2.61m–new
IMMR IMMERSION CORPTechnology0.8%$7.3m978,070+37%added
AMPY AMPLIFY ENERGY CORP NEW–0.7%$5.8m870,921+45%added
SAIC SCIENCE APPLICATIONS INTL COTechnology0.6%$5.0m56,973–new
DEPOEUR ASSERTIO THERAPEUTICS INC–0.5%$4.5m3.60m–new
TBPH THERAVANCE BIOPHARMA INCHealthcare0.5%$4.5m173,400–new
CMBT CMB.TECH NVEnergy0.5%$4.4m353,750−0.9%reduced
VG1EUR VONAGE HLDGS CORP–0.3%$2.6m350,371–new
TH TARGET HOSPITALITY CORPIndustrials0.3%$2.5m508,975−80%reduced
EIDXGBP EIDOS THERAPEUTICS INC–0.2%$1.6m28,579–new
SRNE SORRENTO THERAPEUTICS INC–0.2%$1.5m447,610–new
TARGET HOSPITALITY CORP no ticker–0.04%$338k650,0000.0%held

Exited since Q3 2019

26 rows
SAILEUR SAILPOINT TECHNOLOGIES HLDGS3.2%$28.0m
REZI RESIDEO TECHNOLOGIES INC2.9%$25.8m
OC Owens Corning Inc2.6%$23.3m
CISION LTD no ticker2.3%$20.2m
MBI MBIA INC1.6%$13.8m
PCG PG&E CORP1.2%$10.7m
JBLU JETBLUE AIRWAYS CORP1.1%$10.0m
FLEXION THERAPEUTICS INC no ticker1.1%$9.8m
HGV HILTON GRAND VACATIONS INC1.0%$9.2m
WPXUSD WPX ENERGY INC0.7%$6.7m
FANG DIAMONDBACK ENERGY INC0.7%$6.5m
PE1EUR PARSLEY ENERGY INC0.7%$6.3m
HOME AT HOME GROUP INC0.7%$6.3m
CNDT CONDUENT INC0.7%$6.0m
CRCMGBP CARE COM INC0.6%$5.2m
PRTY1EUR PARTY CITY HOLDCO INC0.5%$4.8m
VKTX VIKING THERAPEUTICS INC0.5%$4.5m
HWAYEUR TIVITY HEALTH INC0.5%$4.3m
TELLEUR TELLURIAN INC NEW0.3%$2.5m
SM SM ENERGY COMPANY0.3%$2.3m
XOGEUR EXTRACTION OIL AND GAS INC0.3%$2.3m
PDCEUSD PDC ENERGY INC0.2%$2.2m
OASEUR OASIS PETE INC NEW0.2%$2.2m
QEP QEP RESOURCES INC0.2%$2.1m
WLLEUR WHITING PETE CORP NEW0.2%$2.1m
INTELSAT S A no ticker0.10%$849k

Sector mix

  • Unclassified37.8%
  • Basic Materials12.2%
  • Technology11.0%
  • Energy9.3%
  • Healthcare8.1%
  • Communication Services7.5%
  • Consumer Defensive7.1%
  • Industrials7.1%

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