WhaleCreep

Rubric Capital Management LP 13F holdings, Q1 2021

Hedge fundSEC filingsCompare with another fundHoldings as of 2021-03-31, filed 2021-05-14

Rubric Capital Management LP disclosed 58 US equity positions worth $1.7bn in its Q1 2021 13F filing. Its largest position is WSC at 4.5% of the reported book, followed by ALLY and COLL. Versus Q4 2020 it opened 19 new positions, added to 23, reduced 11 and exited 20.

$1.7bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
58
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
4.5%
Largest position
The largest single position as a share of the reported equity book.
33.6%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
42
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 2020: 19 new, 23 added, 11 reduced, 20 exited

50 of 58
WSC WILLSCOT HLDGS CORPIndustrials4.5%$76.5m2.76m−12%reduced
ALLY ALLY FINL INCFinancial Services3.9%$65.0m1.44m−24%reduced
COLL COLLEGIUM PHARMACEUTICAL INCHealthcare3.4%$57.4m2.42m+26%added
KRAUSD KRATON CORPORATION–3.3%$54.9m1.50m+118%added
RXT RACKSPACE TECHNOLOGY INCTechnology3.2%$54.7m2.30m−7.0%reduced
AIR AAR CORPIndustrials3.2%$54.1m1.30m+121%added
APOEUR APOLLO GLOBAL MGMT INC–3.2%$53.6m1.14m–new
TTMI TTM TECHNOLOGIES INCTechnology3.0%$50.8m3.50m+2.9%added
BGCPEUR BGC PARTNERS INC–3.0%$50.4m10.43m+9.7%added
MX MAGNACHIP SEMICONDUCTOR CORPTechnology2.9%$49.1m1.97m−25%reduced
PLAYA HOTELS & RESORTS NV no ticker–2.9%$48.4m6.63m+201%added
MIC2EUR MACQUARIE INFRASTRUCTURE COR–2.8%$46.6m1.46m−10%reduced
PARR PAR PACIFIC HOLDINGS INCEnergy2.8%$46.6m3.30m+16%added
XPERI HOLDING CORP no ticker–2.8%$46.5m2.14m+4.4%added
THC TENET HEALTHCARE CORPHealthcare2.7%$45.9m883,258−1.9%reduced
TAC TRANSALTA CORPUtilities2.6%$43.0m4.54m–new
USFD US FOODS HLDG CORPConsumer Defensive2.5%$42.9m1.13m–new
SC SANTANDER CONSUMER USA HDG I–2.5%$42.3m1.56m–new
IDCC INTERDIGITAL INCTechnology2.2%$37.4m588,736+16%added
GPRE GREEN PLAINS INCBasic Materials2.1%$36.0m1.33m+26%added
ATRSEUR ANTARES PHARMA INC–2.1%$35.9m8.72m+144%added
GEF GREIF INCConsumer Cyclical2.0%$34.2m600,000+3.8%added
PTVEUSD PACTIV EVERGREEN INC–2.0%$33.2m2.42m+4.9%added
OMF ONEMAIN HLDGS INCFinancial Services1.9%$31.7m590,000+181%added
AELUSD AMERICAN EQTY INVT LIFE HLD–1.9%$31.5m1.00m–new
BPOP POPULAR INCFinancial Services1.8%$29.9m425,835+371%added
FREEEUR WHOLE EARTH BRANDS INC–1.8%$29.9m2.29m−12%reduced
KOP KOPPERS HOLDINGS INCBasic Materials1.6%$27.4m788,268+5131%added
FBP FIRST BANCORP CORPORATIONFinancial Services1.6%$26.6m2.36m+731%added
AVID TECHNOLOGY INC no ticker–1.5%$25.4m1.20m+20%added
BIDU BAIDU INCCommunication Services1.5%$25.1m115,261–new
DENUSD DENBURY INC–1.4%$24.3m507,042–new
07WA MR COOPER GROUP INC–1.4%$23.0m662,7230.0%held
LORLUSD LORAL SPACE & COM INC–1.3%$22.5m597,846+228%added
RDN RADIAN GROUP INCFinancial Services1.3%$21.8m938,368–new
EXTR EXTREME NETWORKSTechnology1.3%$21.5m2.46m+17%added
UFS DOMTAR CORP–1.3%$21.3m575,291–new
MTG MGIC INVT CORP WISFinancial Services1.3%$21.1m1.52m–new
ADV ADVANTAGE SOLUTIONS INCCommunication Services1.2%$19.9m1.69m–new
HY HYSTER-YALE INCIndustrials1.1%$19.3m221,514–new
EROS INTL PLC no ticker–1.1%$19.0m10.50m–new
CCO CLEAR CHANNEL OUTDOOR HLDGSCommunication Services0.9%$15.1m8.37m+95%added
VNT VONTIER CORPORATIONTechnology0.9%$15.0m494,336–new
LTRPAUSD LIBERTY TRIPADVISOR HLDGS IN–0.9%$14.8m2.32m–new
LSAK LESAKA TECHNOLOGIES INCTechnology0.7%$11.9m2.13m0.0%held
MREO MEREO BIOPHARMA GROUP PLCHealthcare0.6%$9.8m2.91m+57%added
RDUSEUR RADIUS HEALTH INC–0.6%$9.4m448,815−21%reduced
TROX TRONOX HOLDINGS PLCBasic Materials0.5%$9.0m493,930–new
AERIEUR AERIE PHARMACEUTICALS INC–0.5%$8.6m480,402–new
AXONEUR SIO GENE THERAPIES INC–0.4%$6.5m2.50m+7.1%added

Exited since Q4 2020

20 rows
BUNGE LIMITED no ticker3.5%$45.9m
CHNGUSD CHANGE HEALTHCARE INC3.2%$41.6m
ENS ENERSYS2.7%$35.4m
AXALTA COATING SYS LTD no ticker2.6%$34.3m
2362120D SINCLAIR BROADCAST GROUP INC2.5%$32.0m
FBCUSD FLAGSTAR BANCORP INC2.4%$30.8m
LAUR LAUREATE EDUCATION INC1.8%$24.1m
VG1EUR VONAGE HLDGS CORP1.6%$20.7m
TLND TALEND S A1.4%$18.0m
PFSI PENNYMAC FINL SVCS INC NEW1.3%$17.6m
COF CAPITAL ONE FINL CORP1.2%$15.1m
SYF SYNCHRONY FINANCIAL1.2%$15.1m
AVYAUSD AVAYA HLDGS CORP1.1%$14.8m
BDSIUSD BIODELIVERY SCIENCES INTL IN1.1%$14.8m
CVSA COVISTA INC1.1%$14.1m
ORBC ORBCOMM INC1.0%$12.4m
ATNM ACTINIUM PHARMACEUTICALS INC0.2%$2.3m
MPLNUSD MULTIPLAN CORPORATION0.1%$1.8m
OSG OCTAVE SPECIALTY GROUP INC0.04%$568k
BRISTOL-MYERS SQUIBB CO no ticker0.04%$495k

Sector mix

  • Unclassified39.8%
  • Technology14.3%
  • Financial Services11.7%
  • Industrials8.9%
  • Healthcare7.3%
  • Basic Materials4.3%
  • Communication Services3.8%
  • Energy2.8%
  • Utilities2.6%
  • Consumer Defensive2.5%
  • Consumer Cyclical2.0%

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