WhaleCreep

Rubric Capital Management LP 13F holdings, Q4 2020

Hedge fundSEC filingsCompare with another fundHoldings as of 2020-12-31, filed 2021-02-16

Rubric Capital Management LP disclosed 59 US equity positions worth $1.3bn in its Q4 2020 13F filing. Its largest position is WSC at 5.6% of the reported book, followed by ALLY and MIC2EUR. Versus Q3 2020 it opened 21 new positions, added to 15, reduced 16 and exited 26.

$1.3bn
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.
5.6%
Largest position
The largest single position as a share of the reported equity book.
39.2%
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 Q3 2020: 21 new, 15 added, 16 reduced, 26 exited

50 of 59
WSC WILLSCOT HLDGS CORPIndustrials5.6%$72.7m3.14m−13%reduced
ALLY ALLY FINL INCFinancial Services5.2%$67.4m1.89m−12%reduced
MIC2EUR MACQUARIE INFRASTRUCTURE COR–4.7%$61.2m1.63m+39%added
RXT RACKSPACE TECHNOLOGY INCTechnology3.6%$47.1m2.47m+27%added
TTMI TTM TECHNOLOGIES INCTechnology3.6%$46.9m3.40m+35%added
BUNGE LIMITED no ticker–3.5%$45.9m700,000–new
QNST QUINSTREET INCCommunication Services3.4%$44.2m2.06m−27%reduced
XPERI HOLDING CORP no ticker–3.3%$42.8m2.05m+105%added
PTVEUSD PACTIV EVERGREEN INC–3.2%$41.8m2.30m+92%added
CHNGUSD CHANGE HEALTHCARE INC–3.2%$41.6m2.23m+1.4%added
PARR PAR PACIFIC HOLDINGS INCEnergy3.0%$39.8m2.85m+4.4%added
COLL COLLEGIUM PHARMACEUTICAL INCHealthcare3.0%$38.6m1.93m0.0%held
BGCPEUR BGC PARTNERS INC–2.9%$38.0m9.50m+0.7%added
THC TENET HEALTHCARE CORPHealthcare2.8%$35.9m900,000−5.3%reduced
ENS ENERSYSIndustrials2.7%$35.4m425,880+11%added
MX MAGNACHIP SEMICONDUCTOR CORPTechnology2.7%$35.3m2.61m0.0%held
AXALTA COATING SYS LTD no ticker–2.6%$34.3m1.20m+17%added
2362120D SINCLAIR BROADCAST GROUP INC–2.5%$32.0m1.01m–new
FBCUSD FLAGSTAR BANCORP INC–2.4%$30.8m756,409–new
IDCC INTERDIGITAL INCTechnology2.4%$30.8m507,809−4.8%reduced
FREEEUR WHOLE EARTH BRANDS INC–2.2%$28.3m2.60m0.0%held
GEF GREIF INCConsumer Cyclical2.1%$27.1m577,915–new
LAUR LAUREATE EDUCATION INCConsumer Defensive1.8%$24.1m1.65m−30%reduced
AIR AAR CORPIndustrials1.6%$21.3m587,512–new
VG1EUR VONAGE HLDGS CORP–1.6%$20.7m1.60m−2.7%reduced
07WA MR COOPER GROUP INC–1.6%$20.6m662,723+15%added
KRAUSD KRATON CORPORATION–1.5%$19.1m688,004+25%added
TLND TALEND S A–1.4%$18.0m469,526–new
PFSI PENNYMAC FINL SVCS INC NEWFinancial Services1.3%$17.6m267,568−35%reduced
AVID TECHNOLOGY INC no ticker–1.2%$15.9m1.00m–new
COF CAPITAL ONE FINL CORPFinancial Services1.2%$15.1m152,461–new
SYF SYNCHRONY FINANCIALFinancial Services1.2%$15.1m433,888–new
AVYAUSD AVAYA HLDGS CORP–1.1%$14.8m775,000−58%reduced
BDSIUSD BIODELIVERY SCIENCES INTL IN–1.1%$14.8m3.52m−12%reduced
EXTR EXTREME NETWORKSTechnology1.1%$14.4m2.09m–new
ATRSEUR ANTARES PHARMA INC–1.1%$14.2m3.57m–new
CVSA COVISTA INCConsumer Defensive1.1%$14.1m415,030–new
GPRE GREEN PLAINS INCBasic Materials1.1%$13.9m1.06m−24%reduced
PLAYA HOTELS & RESORTS NV no ticker–1.0%$13.1m2.21m–new
ORBC ORBCOMM INC–1.0%$12.4m1.67m0.0%held
LSAK LESAKA TECHNOLOGIES INCTechnology0.8%$10.5m2.13m0.0%held
RDUSEUR RADIUS HEALTH INC–0.8%$10.2m569,062−54%reduced
OMF ONEMAIN HLDGS INCFinancial Services0.8%$10.1m210,000–new
CCO CLEAR CHANNEL OUTDOOR HLDGSCommunication Services0.5%$7.1m4.30m−57%reduced
MREO MEREO BIOPHARMA GROUP PLCHealthcare0.5%$6.6m1.85m–new
AXONEUR SIO GENE THERAPIES INC–0.5%$6.5m2.34m–new
TXMD THERAPEUTICSMD INCHealthcare0.4%$5.5m4.52m−68%reduced
290A CHINOOK THERAPEUTICS INC–0.4%$5.2m325,863–new
BPOP POPULAR INCFinancial Services0.4%$5.1m90,432–new
MORFUSD MORPHIC HLDG INC–0.3%$4.0m117,970+14%added

Exited since Q3 2020

26 rows
INSM INSMED INC3.3%$35.4m
RITM RITHM CAPITAL CORP2.4%$25.5m
CVS CVS HEALTH CORP2.3%$24.9m
OUT OUTFRONT MEDIA INC2.2%$23.2m
OPLN OPENLANE INC1.6%$17.4m
POR PORTLAND GEN ELEC CO1.5%$15.5m
GM General Motors Corp1.4%$14.8m
KBR KBR INC1.3%$13.8m
TWO HBRS INVT CORP no ticker1.2%$13.2m
CITUSD CIT GROUP INC0.9%$10.0m
MD PEDIATRIX MEDICAL GROUP INC0.9%$9.1m
KEX KIRBY CORP0.9%$9.0m
USFD US FOODS HLDG CORP0.8%$8.6m
ACCUSD AMERICAN CAMPUS CMNTYS INC0.8%$8.6m
TBPH THERAVANCE BIOPHARMA INC0.8%$8.1m
PK PARK HOTELS & RESORTS INC0.6%$6.6m
WYNEUR WYNDHAM DESTINATIONS INC0.5%$5.4m
GCO GENESCO INC0.4%$4.6m
ADROEUR ADURO BIOTECH INC0.4%$4.0m
IMMR IMMERSION CORP0.4%$3.9m
ASSERTIO HOLDINGS INC no ticker0.2%$2.3m
AXOVANT SCIENCES LTD no ticker0.2%$2.1m
INNATE PHARMA S A no ticker0.09%$960k
LIFESCI ACQUISITION CORP no ticker0.02%$247k
TH TARGET HOSPITALITY CORP0.01%$70.0k
TARGET HOSPITALITY CORP no ticker0.0%$46.0k

Sector mix

  • Unclassified46.0%
  • Technology14.2%
  • Financial Services10.2%
  • Industrials9.9%
  • Healthcare6.6%
  • Communication Services3.9%
  • Energy3.0%
  • Consumer Defensive2.9%
  • Consumer Cyclical2.1%
  • Basic Materials1.1%

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