WhaleCreep

Rubric Capital Management LP 13F holdings, Q1 2022

Hedge fundSEC filingsCompare with another fundHoldings as of 2022-03-31, filed 2022-05-13

Rubric Capital Management LP disclosed 70 US equity positions worth $2.1bn in its Q1 2022 13F filing. Its largest position is HTZ at 9.4% of the reported book, followed by GLNG and PLAYA HOTELS & RESORTS NV. Versus Q4 2021 it opened 17 new positions, added to 31, reduced 6 and exited 15.

$2.1bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
70
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
9.4%
Largest position
The largest single position as a share of the reported equity book.
46.7%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
29
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 2021: 17 new, 31 added, 6 reduced, 15 exited

50 of 70
HTZ HERTZ GLOBAL HLDGS INCIndustrials9.4%$203m9.16m−7.5%reduced
GLNG GOLAR LNG LTDEnergy7.8%$169m6.80m0.0%held
PLAYA HOTELS & RESORTS NV no ticker–4.7%$102m11.78m+2.2%added
GSM FERROGLOBE PLCBasic Materials4.7%$100m13.00m−4.8%reduced
FLR FLUOR CORPIndustrials4.3%$93.4m3.26m+11%added
AIR AAR CORPIndustrials3.5%$76.0m1.57m−8.1%reduced
NFE NEW FORTRESS ENERGY INCEnergy3.2%$69.7m1.64m+101%added
BGCPEUR BGC PARTNERS INC–3.2%$68.2m15.50m0.0%held
RDUSEUR RADIUS HEALTH INC–2.9%$61.5m6.96m0.0%held
COLL COLLEGIUM PHARMACEUTICAL INCHealthcare2.8%$61.1m3.00m+15%added
CCO CLEAR CHANNEL OUTDOOR HLDGSCommunication Services2.7%$58.4m16.89m+3.0%added
AHCO ADAPTHEALTH CORPHealthcare2.6%$55.3m3.45m+14%added
XPERI HOLDING CORP no ticker–2.5%$54.7m3.16m+5.1%added
TAC TRANSALTA CORPUtilities2.5%$53.8m5.19m0.0%held
PARR PAR PACIFIC HOLDINGS INCEnergy2.2%$48.2m3.70m0.0%held
ATRSEUR ANTARES PHARMA INC–2.1%$44.7m10.90m+0.9%added
HAPN HAPPEN INCFinancial Services2.1%$44.2m2.80m–new
APO APOLLO GLOBAL MGMT INCFinancial Services2.0%$42.9m692,458–new
PTVEUSD PACTIV EVERGREEN INC–2.0%$42.8m4.25m+3.2%added
GEF GREIF INCConsumer Cyclical1.8%$39.0m600,000+1.3%added
CHGG CHEGG INCConsumer Defensive1.6%$33.4m920,894−9.4%reduced
MX MAGNACHIP SEMICONDUCTOR CORPTechnology1.5%$33.0m1.95m+124%added
SDGR SCHRODINGER INCHealthcare1.5%$32.5m951,914–new
KOP KOPPERS HOLDINGS INCBasic Materials1.5%$31.2m1.13m+2.2%added
AMRYT PHARMA PLC no ticker–1.4%$29.8m3.60m+1.6%added
KPTI KARYOPHARM THERAPEUTICS INCHealthcare1.2%$26.6m3.61m+30%added
2662247D ITEOS THERAPEUTICS INC–1.2%$26.5m822,112−30%reduced
HIRERIGHT HOLDINGS CORPORATI no ticker–1.2%$26.0m1.52m–new
FREEEUR WHOLE EARTH BRANDS INC–1.2%$25.7m3.58m+16%added
EVER EVERQUOTE INCCommunication Services1.1%$23.9m1.48m+15%added
TSAT TELESAT CORPTechnology1.1%$23.3m1.41m+1.1%added
IEAUSD INFRA AND ENERGY ALTRNTIVE I–1.0%$22.1m1.87m+2197%added
CMRXEUR CHIMERIX INC–1.0%$22.0m4.80m0.0%held
96669EUR DIGIMARC CORP NEW–0.9%$18.8m714,593+106%added
QNST QUINSTREET INCCommunication Services0.9%$18.4m1.59m+43%added
NRDY NERDY INCTechnology0.8%$17.6m3.45m+4.5%added
AVPT AVEPOINT INCTechnology0.8%$17.0m3.23m+65%added
MREO MEREO BIOPHARMA GROUP PLCHealthcare0.8%$16.8m15.00m+0.6%added
INSM INSMED INCHealthcare0.7%$15.1m642,123–new
HOLLYSYS AUTOMATION TECHNOLO no ticker–0.7%$15.1m944,145–new
PINGUSD PING IDENTITY HLDG CORP–0.6%$13.0m473,709–new
ALEC ALECTOR INCHealthcare0.6%$12.8m900,000–new
ADV ADVANTAGE SOLUTIONS INCCommunication Services0.6%$12.1m1.89m0.0%held
FROG JFROG LTDTechnology0.5%$10.8m399,123–new
MAX MEDIAALPHA INCCommunication Services0.5%$10.5m634,5790.0%held
MYPS PLAYSTUDIOS INC–0.4%$9.5m1.96m+251%added
290A CHINOOK THERAPEUTICS INC–0.4%$9.2m564,3530.0%held
RENEW ENERGY GLOBAL PLC no ticker–0.4%$9.2m1.12m–new
VINCERX PHARMA INC no ticker–0.4%$8.4m2.11m+33%added
LYLTUSD LOYALTY VENTURES INC–0.4%$8.2m498,504+683%added

Exited since Q4 2021

15 rows
ARNC1USD ARCONIC CORPORATION2.8%$58.2m
WSC WILLSCOT HLDGS CORP2.4%$51.7m
DAL DELTA AIR LINES INC2.0%$41.7m
OMF ONEMAIN HLDGS INC1.9%$39.8m
ARRY ARRAY TECHNOLOGIES INC1.7%$35.4m
POWER & DIGITAL INFRA ACQ CO no ticker1.1%$24.2m
TREE LENDINGTREE INC1.0%$20.8m
OVV OVINTIV INC0.7%$15.3m
ANIP ANI PHARMACEUTICALS INC0.7%$14.2m
JOBY JOBY AVIATION INC0.4%$8.7m
NVRI ENVIRI CORP0.4%$8.2m
SUNLIGHT FINANCIAL HOLDINGS no ticker0.3%$7.2m
BDSIUSD BIODELIVERY SCIENCES INTL IN0.3%$5.4m
MGIEUR MONEYGRAM INTL INC0.2%$5.3m
WGS GENEDX HOLDINGS CORP0.01%$111k

Sector mix

  • Unclassified31.2%
  • Industrials17.3%
  • Energy13.3%
  • Healthcare10.6%
  • Basic Materials6.1%
  • Communication Services5.7%
  • Technology4.9%
  • Financial Services4.1%
  • Utilities2.5%
  • Consumer Defensive2.2%
  • 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