WhaleCreep

Rubric Capital Management LP 13F holdings, Q2 2021

Hedge fundSEC filingsCompare with another fundHoldings as of 2021-06-30, filed 2021-08-13

Rubric Capital Management LP disclosed 56 US equity positions worth $1.6bn in its Q2 2021 13F filing. Its largest position is GLNG at 4.4% of the reported book, followed by PLAYA HOTELS & RESORTS NV and WSC. Versus Q1 2021 it opened 15 new positions, added to 19, reduced 11 and exited 17.

$1.6bn
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.
4.4%
Largest position
The largest single position as a share of the reported equity book.
38.1%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
37
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 2021: 15 new, 19 added, 11 reduced, 17 exited

50 of 56
GLNG GOLAR LNG LTDEnergy4.4%$69.6m5.26m–new
PLAYA HOTELS & RESORTS NV no ticker–4.3%$68.8m9.26m+40%added
WSC WILLSCOT HLDGS CORPIndustrials4.3%$67.3m2.41m−12%reduced
BGCPEUR BGC PARTNERS INC–4.2%$66.3m11.70m+12%added
PARR PAR PACIFIC HOLDINGS INCEnergy3.9%$62.2m3.70m+12%added
COLL COLLEGIUM PHARMACEUTICAL INCHealthcare3.6%$57.2m2.42m0.0%held
PTVEUSD PACTIV EVERGREEN INC–3.6%$56.5m3.75m+55%added
KRAUSD KRATON CORPORATION–3.4%$53.3m1.65m+10%added
TAC TRANSALTA CORPUtilities3.3%$51.7m5.19m+14%added
AIR AAR CORPIndustrials3.2%$50.4m1.30m0.0%held
ALLY ALLY FINL INCFinancial Services3.2%$49.8m1.00m−30%reduced
XPERI HOLDING CORP no ticker–3.1%$48.9m2.20m+2.9%added
ARNC1USD ARCONIC CORPORATION–2.9%$45.3m1.27m–new
GPRE GREEN PLAINS INCBasic Materials2.8%$44.8m1.33m0.0%held
GEF GREIF INCConsumer Cyclical2.8%$43.9m725,000+21%added
KPTI KARYOPHARM THERAPEUTICS INCHealthcare2.8%$43.9m4.25m–new
ATRSEUR ANTARES PHARMA INC–2.6%$41.4m9.50m+8.9%added
HMHCUSD HOUGHTON MIFFLIN HARCOURT CO–2.6%$41.2m3.74m–new
FREEEUR WHOLE EARTH BRANDS INC–2.5%$39.1m2.70m+18%added
CHMA CHIASMA INC–2.2%$34.3m7.25m–new
KOP KOPPERS HOLDINGS INCBasic Materials2.0%$32.4m1.00m+27%added
TROX TRONOX HOLDINGS PLCBasic Materials2.0%$32.3m1.44m+192%added
TTMI TTM TECHNOLOGIES INCTechnology2.0%$31.4m2.19m−37%reduced
OCUL OCULAR THERAPEUTIX INCHealthcare1.9%$30.6m2.16m+464%added
CCO CLEAR CHANNEL OUTDOOR HLDGSCommunication Services1.8%$27.9m10.58m+26%added
LORLUSD LORAL SPACE & COM INC–1.7%$27.6m710,175+19%added
BPOP POPULAR INCFinancial Services1.7%$27.3m363,954−15%reduced
OMF ONEMAIN HLDGS INCFinancial Services1.5%$24.5m409,183−31%reduced
FBP FIRST BANCORP CORPORATIONFinancial Services1.5%$23.5m1.97m−17%reduced
07WA MR COOPER GROUP INC–1.3%$21.0m636,221−4.0%reduced
RDN RADIAN GROUP INCFinancial Services1.3%$20.9m938,3680.0%held
MX MAGNACHIP SEMICONDUCTOR CORPTechnology1.3%$20.8m872,308−56%reduced
MTG MGIC INVT CORP WISFinancial Services1.3%$20.7m1.52m0.0%held
SC SANTANDER CONSUMER USA HDG I–1.3%$19.9m547,946−65%reduced
ADV ADVANTAGE SOLUTIONS INCCommunication Services1.2%$18.2m1.69m0.0%held
NVRI ENVIRI CORPIndustrials1.1%$18.2m889,708–new
MREO MEREO BIOPHARMA GROUP PLCHealthcare1.1%$17.9m5.66m+94%added
MORFUSD MORPHIC HLDG INC–1.1%$17.5m304,410+242%added
RDUSEUR RADIUS HEALTH INC–1.1%$17.3m947,163+111%added
HY HYSTER-YALE INCIndustrials1.0%$16.2m221,5140.0%held
GSM FERROGLOBE PLCBasic Materials0.8%$12.2m2.00m–new
AXONEUR SIO GENE THERAPIES INC–0.5%$8.2m3.00m+20%added
STRONGBRIDGE BIOPHARMA PLC no ticker–0.5%$8.0m2.70m–new
VINCERX PHARMA INC no ticker–0.4%$6.9m533,668–new
QSI QUANTUM SI INC–0.4%$6.0m493,013–new
LSAK LESAKA TECHNOLOGIES INCTechnology0.3%$5.4m1.15m−46%reduced
MARA MARA HOLDINGS INCFinancial Services0.3%$5.0m159,134–new
KURA KURA ONCOLOGY INCHealthcare0.3%$4.8m231,481–new
290A CHINOOK THERAPEUTICS INC–0.3%$4.6m325,8630.0%held
NAUT NAUTILUS BIOTECHNOLOGY INC–0.2%$3.6m361,144–new

Exited since Q1 2021

17 rows
RXT RACKSPACE TECHNOLOGY INC3.2%$54.7m
APOEUR APOLLO GLOBAL MGMT INC3.2%$53.6m
MIC2EUR MACQUARIE INFRASTRUCTURE COR2.8%$46.6m
THC TENET HEALTHCARE CORP2.7%$45.9m
USFD US FOODS HLDG CORP2.5%$42.9m
AELUSD AMERICAN EQTY INVT LIFE HLD1.9%$31.5m
AVID TECHNOLOGY INC no ticker1.5%$25.4m
BIDU BAIDU INC1.5%$25.1m
DENUSD DENBURY INC1.4%$24.3m
EXTR EXTREME NETWORKS1.3%$21.5m
UFS DOMTAR CORP1.3%$21.3m
EROS INTL PLC no ticker1.1%$19.0m
VNT VONTIER CORPORATION0.9%$15.0m
LTRPAUSD LIBERTY TRIPADVISOR HLDGS IN0.9%$14.8m
AERIEUR AERIE PHARMACEUTICALS INC0.5%$8.6m
PAE INC no ticker0.3%$4.9m
QNST QUINSTREET INC0.3%$4.6m

Sector mix

  • Unclassified40.6%
  • Financial Services10.9%
  • Healthcare10.2%
  • Industrials9.6%
  • Energy8.3%
  • Basic Materials7.7%
  • Technology3.8%
  • Utilities3.3%
  • Communication Services2.9%
  • Consumer Cyclical2.8%

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