WhaleCreep

Rubric Capital Management LP 13F holdings, Q3 2021

Hedge fundSEC filingsCompare with another fundHoldings as of 2021-09-30, filed 2021-11-12

Rubric Capital Management LP disclosed 55 US equity positions worth $1.7bn in its Q3 2021 13F filing. Its largest position is WSC at 5.7% of the reported book, followed by GSM and PLAYA HOTELS & RESORTS NV. Versus Q2 2021 it opened 10 new positions, added to 27, reduced 5 and exited 11.

$1.7bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
55
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
5.7%
Largest position
The largest single position as a share of the reported equity book.
39.8%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
35
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 Q2 2021: 10 new, 27 added, 5 reduced, 11 exited

50 of 55
WSC WILLSCOT HLDGS CORPIndustrials5.7%$98.8m3.11m+29%added
GSM FERROGLOBE PLCBasic Materials5.0%$87.0m10.00m+400%added
PLAYA HOTELS & RESORTS NV no ticker–5.0%$86.4m10.42m+13%added
GLNG GOLAR LNG LTDEnergy4.2%$73.6m5.67m+7.9%added
BGCPEUR BGC PARTNERS INC–3.6%$63.3m12.15m+3.8%added
XPERI HOLDING CORP no ticker–3.4%$59.3m3.15m+43%added
PARR PAR PACIFIC HOLDINGS INCEnergy3.3%$58.2m3.70m0.0%held
ALLY ALLY FINL INCFinancial Services3.3%$57.5m1.13m+13%added
TAC TRANSALTA CORPUtilities3.2%$54.8m5.19m0.0%held
AHCO ADAPTHEALTH CORPHealthcare3.1%$53.6m2.30m–new
COLL COLLEGIUM PHARMACEUTICAL INCHealthcare3.0%$51.5m2.61m+7.7%added
PTVEUSD PACTIV EVERGREEN INC–2.9%$51.1m4.08m+8.8%added
AIR AAR CORPIndustrials2.9%$50.3m1.55m+19%added
GEF GREIF INCConsumer Cyclical2.7%$46.8m725,0000.0%held
CF CF Industries Holdings IncBasic Materials2.7%$46.3m830,000–new
RDUSEUR RADIUS HEALTH INC–2.6%$45.6m3.67m+288%added
LORLUSD LORAL SPACE & COM INC–2.6%$45.2m1.05m+48%added
GPRE GREEN PLAINS INCBasic Materials2.5%$43.5m1.33m0.0%held
AMRYT PHARMA PLC no ticker–2.3%$39.2m3.26m–new
CCO CLEAR CHANNEL OUTDOOR HLDGSCommunication Services2.2%$38.9m14.36m+36%added
ARNC1USD ARCONIC CORPORATION–2.1%$37.2m1.18m−7.2%reduced
HMHCUSD HOUGHTON MIFFLIN HARCOURT CO–2.1%$36.6m2.73m−27%reduced
ATRSEUR ANTARES PHARMA INC–2.1%$36.4m10.00m+5.3%added
FREEEUR WHOLE EARTH BRANDS INC–1.9%$33.3m2.88m+6.8%added
KOP KOPPERS HOLDINGS INCBasic Materials1.9%$33.1m1.06m+5.9%added
TRIP TRIPADVISOR INCConsumer Cyclical1.8%$31.2m921,752–new
NVRI ENVIRI CORPIndustrials1.6%$28.3m1.67m+88%added
MREO MEREO BIOPHARMA GROUP PLCHealthcare1.6%$27.3m11.30m+100%added
2662247D ITEOS THERAPEUTICS INC–1.5%$26.7m988,683–new
07WA MR COOPER GROUP INC–1.5%$26.2m636,2210.0%held
CMRXEUR CHIMERIX INC–1.4%$24.8m4.00m–new
MTG MGIC INVT CORP WISFinancial Services1.3%$22.8m1.52m0.0%held
RDN RADIAN GROUP INCFinancial Services1.2%$21.3m938,3680.0%held
VINCERX PHARMA INC no ticker–1.2%$21.2m1.31m+146%added
OMF ONEMAIN HLDGS INCFinancial Services1.2%$20.7m375,000−8.4%reduced
KPTI KARYOPHARM THERAPEUTICS INCHealthcare1.1%$19.6m3.38m−21%reduced
ADV ADVANTAGE SOLUTIONS INCCommunication Services0.9%$15.9m1.84m+8.9%added
MX MAGNACHIP SEMICONDUCTOR CORPTechnology0.9%$15.5m872,3080.0%held
POWER & DIGITAL INFRA ACQ CO no ticker–0.9%$15.0m1.49m–new
IDCC INTERDIGITAL INCTechnology0.8%$13.9m205,067+483%added
HY HYSTER-YALE INCIndustrials0.6%$11.1m221,5140.0%held
NFE NEW FORTRESS ENERGY INCEnergy0.6%$9.9m355,840–new
KURA KURA ONCOLOGY INCHealthcare0.4%$7.5m400,000+73%added
290A CHINOOK THERAPEUTICS INC–0.4%$7.2m564,353+73%added
AXONEUR SIO GENE THERAPIES INC–0.4%$6.5m3.00m0.0%held
STRONGBRIDGE BIOPHARMA PLC no ticker–0.4%$6.3m3.07m+14%added
QSI QUANTUM SI INC–0.3%$5.6m672,385+36%added
JXN JACKSON FINANCIAL INCFinancial Services0.3%$5.2m200,000–new
NAUT NAUTILUS BIOTECHNOLOGY INC–0.3%$4.6m747,607+107%added
TXMD THERAPEUTICSMD INCHealthcare0.2%$4.0m5.34m+91%added

Exited since Q2 2021

11 rows
KRAUSD KRATON CORPORATION3.4%$53.3m
CHMA CHIASMA INC2.2%$34.3m
TROX TRONOX HOLDINGS PLC2.0%$32.3m
TTMI TTM TECHNOLOGIES INC2.0%$31.4m
BPOP POPULAR INC1.7%$27.3m
FBP FIRST BANCORP CORPORATION1.5%$23.5m
SC SANTANDER CONSUMER USA HDG I1.3%$19.9m
MORFUSD MORPHIC HLDG INC1.1%$17.5m
LSAK LESAKA TECHNOLOGIES INC0.3%$5.4m
MARA MARA HOLDINGS INC0.3%$5.0m
MVISEUR MICROVISION INC DEL0.05%$831k

Sector mix

  • Unclassified39.3%
  • Basic Materials12.1%
  • Industrials10.8%
  • Healthcare9.8%
  • Energy8.1%
  • Financial Services7.3%
  • Consumer Cyclical4.5%
  • Communication Services3.2%
  • Utilities3.2%
  • Technology1.7%

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