WhaleCreep

Rubric Capital Management LP 13F holdings, Q2 2020

Hedge fundSEC filingsCompare with another fundHoldings as of 2020-06-30, filed 2020-08-10

Rubric Capital Management LP disclosed 51 US equity positions worth $858.1m in its Q2 2020 13F filing. Its largest position is ALLY at 5.0% of the reported book, followed by PCG and WSC. Versus Q1 2020 it opened 23 new positions, added to 12, reduced 8 and exited 21.

$858m
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
51
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
5.0%
Largest position
The largest single position as a share of the reported equity book.
38.9%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
36
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 Q1 2020: 23 new, 12 added, 8 reduced, 21 exited

50 of 51
ALLY ALLY FINL INCFinancial Services5.0%$42.6m2.15m–new
PCG PG&E CORPUtilities4.9%$42.1m4.75m+55%added
WSC WILLSCOT CORPIndustrials4.5%$38.4m3.13m+51%added
COLL COLLEGIUM PHARMACEUTICAL INCHealthcare3.9%$33.7m1.93m+59%added
IDCC INTERDIGITAL INCTechnology3.9%$33.6m592,807+24%added
MIC2EUR MACQUARIE INFRASTRUCTURE COR–3.4%$29.5m960,726−22%reduced
QNST QUINSTREET INCCommunication Services3.4%$29.5m2.82m0.0%held
OPLN OPENLANE INCConsumer Cyclical3.4%$28.9m2.10m–new
INSM INSMED INCHealthcare3.3%$28.4m1.03m+51%added
MX MAGNACHIP SEMICONDUCTOR CORPTechnology3.1%$26.9m2.61m+4.0%added
DELL DELL TECHNOLOGIES INCTechnology3.0%$26.1m475,000–new
RITM RITHM CAPITAL CORPReal Estate3.0%$25.3m3.41m–new
SAILEUR SAILPOINT TECHNOLOGIES HLDGS–2.8%$24.4m923,648–new
OUT OUTFRONT MEDIA INCReal Estate2.8%$24.1m1.70m–new
VG1EUR VONAGE HLDGS CORP–2.8%$23.9m2.38m–new
PARR PAR PACIFIC HOLDINGS INCEnergy2.7%$23.4m2.60m–new
GPRE GREEN PLAINS INCBasic Materials2.6%$21.9m2.14m0.0%held
BHC BAUSCH HEALTH COS INCHealthcare2.4%$20.6m1.13m–new
TBPH THERAVANCE BIOPHARMA INCHealthcare2.3%$19.9m946,457+8.3%added
CHNGUSD CHANGE HEALTHCARE INC–2.2%$19.3m1.72m−34%reduced
TLND TALEND S A–2.2%$19.0m548,276−46%reduced
TWO HBRS INVT CORP no ticker–2.1%$17.8m3.52m–new
FREEEUR WHOLE EARTH BRANDS INC–2.1%$17.8m2.20m–new
BDSIUSD BIODELIVERY SCIENCES INTL IN–2.0%$17.4m4.00m+5.8%added
AVYAUSD AVAYA HLDGS CORP–2.0%$17.3m1.40m–new
PFSI PENNYMAC FINL SVCS INC NEWFinancial Services2.0%$17.2m411,185–new
BRISTOL-MYERS SQUIBB CO no ticker–2.0%$17.0m4.74m+80%added
RDUSEUR RADIUS HEALTH INC–2.0%$16.7m1.23m0.0%held
DOO BRP INCConsumer Cyclical1.9%$16.3m381,197–new
THC TENET HEALTHCARE CORPHealthcare1.8%$15.5m856,176–new
BGCPEUR BGC PARTNERS INC–1.4%$11.6m4.25m−27%reduced
TXMD THERAPEUTICSMD INCHealthcare1.4%$11.6m9.29m−3.4%reduced
07WA MR COOPER GROUP INC–1.3%$11.2m900,031+25%added
CCO CLEAR CHANNEL OUTDOOR HLDGSCommunication Services1.2%$10.7m10.28m+2.8%added
GCO GENESCO INCConsumer Cyclical1.1%$9.7m448,475–new
TPICQEUR TPI COMPOSITES INC–1.1%$9.5m407,696–new
LSAK LESAKA TECHNOLOGIES INCTechnology0.8%$6.5m2.13m−27%reduced
ORBC ORBCOMM INC–0.8%$6.4m1.67m0.0%held
INNATE PHARMA S A no ticker–0.7%$6.4m931,6730.0%held
IMMR IMMERSION CORPTechnology0.7%$5.7m922,2220.0%held
OSG OCTAVE SPECIALTY GROUP INCFinancial Services0.6%$5.1m353,472–new
RAH SOCIETAL CDMO INC–0.6%$4.9m1.08m–new
HUDSON LTD no ticker–0.5%$4.5m925,043–new
MINIEUR MOBILE MINI INC–0.5%$4.3m146,974−12%reduced
LAUR LAUREATE EDUCATION INCConsumer Defensive0.5%$4.0m398,557–new
ADROEUR ADURO BIOTECH INC–0.4%$3.8m1.63m+87%added
ASSERTIO HOLDINGS INC no ticker–0.3%$3.0m3.45m–new
XPERI HOLDING CORP no ticker–0.3%$3.0m199,994–new
AXOVANT SCIENCES LTD no ticker–0.2%$1.3m460,2000.0%held
TH TARGET HOSPITALITY CORPIndustrials0.05%$446k263,932−41%reduced

Exited since Q1 2020

21 rows
CNC CENTENE CORP DEL6.0%$36.5m
CVS CVS HEALTH CORP5.3%$32.4m
CHRS COHERUS ONCOLOGY INC4.2%$25.7m
ALXN ALEXION PHARMACEUTICALS INC3.7%$22.9m
VICI VICI PPTYS INC3.6%$21.9m
STMLEUR STEMLINE THERAPEUTICS INC2.6%$16.2m
MGP MGM GROWTH PPTYS LLC2.4%$14.9m
SAIC SCIENCE APPLICATIONS INTL CO2.1%$12.8m
LDOS LEIDOS HOLDINGS INC1.4%$8.7m
WBA WALGREENS BOOTS ALLIANCE INC1.3%$7.8m
INSW INTERNATIONAL SEAWAYS INC1.2%$7.1m
CMTL COMTECH TELECOMMUNICATIONS C1.1%$7.0m
SEB SEABOARD CORP DEL0.8%$5.0m
CITUSD CIT GROUP INC0.6%$4.0m
BCBUSD PRIMO WATER CORPORATION0.5%$3.1m
BUNGE LIMITED no ticker0.5%$2.9m
AMARIN CORP PLC no ticker0.5%$2.8m
AKRXEUR AKORN INC0.4%$2.5m
ARNAEUR ARENA PHARMACEUTICALS INC0.4%$2.5m
LRNUSD K12 INC0.4%$2.4m
DEPOEUR ASSERTIO THERAPEUTICS INC0.4%$2.2m

Sector mix

  • Unclassified33.8%
  • Healthcare15.1%
  • Technology11.5%
  • Financial Services7.6%
  • Consumer Cyclical6.4%
  • Real Estate5.8%
  • Utilities4.9%
  • Communication Services4.7%
  • Industrials4.5%
  • Energy2.7%
  • Basic Materials2.6%
  • Consumer Defensive0.5%

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