WhaleCreep

Rubric Capital Management LP 13F holdings, Q3 2022

Hedge fundSEC filingsCompare with another fundHoldings as of 2022-09-30, filed 2022-11-14

Rubric Capital Management LP disclosed 87 US equity positions worth $2.0bn in its Q3 2022 13F filing. Its largest position is GLNG at 8.0% of the reported book, followed by HTZ and FLR. Versus Q2 2022 it opened 12 new positions, added to 27, reduced 13 and exited 22.

$2.0bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
87
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
8.0%
Largest position
The largest single position as a share of the reported equity book.
40.5%
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 2022: 12 new, 27 added, 13 reduced, 22 exited

50 of 87
GLNG GOLAR LNG LTDEnergy8.0%$158m6.35m−2.9%reduced
HTZ HERTZ GLOBAL HLDGS INCIndustrials6.9%$137m8.43m−8.0%reduced
FLR FLUOR CORPIndustrials4.1%$82.1m3.30m+14%added
AHCO ADAPTHEALTH CORPHealthcare3.5%$70.4m3.75m0.0%held
PLAYA HOTELS & RESORTS NV no ticker–3.5%$69.1m11.88m+0.8%added
PARR PAR PACIFIC HOLDINGS INCEnergy3.1%$60.7m3.70m0.0%held
WSC WILLSCOT HLDGS CORPIndustrials3.0%$59.6m1.48m+12%added
BGCPEUR BGC PARTNERS INC–2.9%$57.3m18.25m+12%added
GSM FERROGLOBE PLCBasic Materials2.8%$55.4m10.49m−4.6%reduced
XPERI HOLDING CORP no ticker–2.7%$54.5m3.85m+13%added
MATV MATIV HOLDINGS INCBasic Materials2.7%$54.2m2.46m–new
HAPN HAPPEN INCFinancial Services2.7%$53.7m4.86m+34%added
COLL COLLEGIUM PHARMACEUTICAL INCHealthcare2.7%$53.4m3.33m+2.3%added
AIR AAR CORPIndustrials2.6%$51.4m1.44m+30%added
DENUSD DENBURY INC–2.4%$48.2m558,799–new
TAC TRANSALTA CORPUtilities2.3%$45.8m5.19m0.0%held
07WA MR COOPER GROUP INC–2.2%$44.4m1.10m+70%added
APO APOLLO GLOBAL MGMT INCFinancial Services2.2%$44.2m950,343−17%reduced
NOBLE CORP PLC no ticker–2.2%$43.0m1.45m–new
PTVEUSD PACTIV EVERGREEN INC–1.9%$38.0m4.35m+2.4%added
NFE NEW FORTRESS ENERGY INCEnergy1.9%$36.7m840,554+7.5%added
HOLLYSYS AUTOMATION TECHNOLO no ticker–1.7%$34.2m2.00m+22%added
GPRE GREEN PLAINS INCBasic Materials1.5%$29.8m1.02m–new
VALARIS LTD no ticker–1.4%$28.2m576,356–new
SDGR SCHRODINGER INCHealthcare1.4%$26.9m1.08m0.0%held
AMRYT PHARMA PLC no ticker–1.3%$24.9m3.60m0.0%held
CCO CLEAR CHANNEL OUTDOOR HLDGSCommunication Services1.2%$23.8m17.39m0.0%held
DOLE DOLE PLCConsumer Defensive1.2%$23.7m3.25m–new
KOP KOPPERS HOLDINGS INCBasic Materials1.2%$23.6m1.13m0.0%held
HIRERIGHT HOLDINGS CORPORATI no ticker–1.2%$23.2m1.52m0.0%held
BHC BAUSCH HEALTH COS INCHealthcare1.1%$22.5m3.26m–new
KPTI KARYOPHARM THERAPEUTICS INCHealthcare1.1%$21.8m3.99m−9.3%reduced
MX MAGNACHIP SEMICONDUCTOR CORPTechnology1.0%$20.0m1.95m0.0%held
290A CHINOOK THERAPEUTICS INC–0.9%$18.7m949,1660.0%held
KINIKSA PHARMACEUTICALS LTD no ticker–0.9%$18.6m1.45m+176%added
96669EUR DIGIMARC CORP NEW–0.8%$16.5m1.21m0.0%held
QNST QUINSTREET INCCommunication Services0.7%$14.3m1.36m−14%reduced
SPRY ARS PHARMACEUTICALS INCHealthcare0.7%$14.2m2.70m+173%added
FREEEUR WHOLE EARTH BRANDS INC–0.7%$13.8m3.58m0.0%held
RENEW ENERGY GLOBAL PLC no ticker–0.7%$13.7m2.28m0.0%held
0HJQ AVEO PHARMACEUTICALS INC–0.7%$13.7m1.66m+80%added
CMRXEUR CHIMERIX INC–0.6%$12.8m6.63m−6.5%reduced
NGMUSD NGM BIOPHARMACEUTICALS INC–0.6%$11.5m877,161+10.0%added
TSAT TELESAT CORPTechnology0.6%$11.0m1.41m0.0%held
HRTX HERON THERAPEUTICS INCHealthcare0.5%$10.6m2.52m–new
ANIP ANI PHARMACEUTICALS INCHealthcare0.5%$9.2m287,046+248%added
ARQT ARCUTIS BIOTHERAPEUTICS INCHealthcare0.5%$9.0m472,047+109%added
MREO MEREO BIOPHARMA GROUP PLCHealthcare0.4%$8.9m10.37m−38%reduced
TRVI TREVI THERAPEUTICS INCHealthcare0.4%$8.8m5.68m+220%added
ALEC ALECTOR INCHealthcare0.4%$8.5m900,0000.0%held

Exited since Q2 2022

22 rows
RDUSEUR RADIUS HEALTH INC3.6%$72.2m
ATRSEUR ANTARES PHARMA INC2.2%$44.7m
GEF GREIF INC1.8%$37.4m
CHGG CHEGG INC1.6%$33.4m
INSM INSMED INC1.3%$25.4m
BRSL BRIGHTSTAR LOTTERY PLC1.2%$23.9m
IEAUSD INFRA AND ENERGY ALTRNTIVE I1.1%$22.6m
2662247D ITEOS THERAPEUTICS INC0.8%$16.9m
FROG JFROG LTD0.5%$10.8m
EPZMEUR EPIZYME INC0.5%$9.2m
AERIEUR AERIE PHARMACEUTICALS INC0.5%$9.2m
PINGUSD PING IDENTITY HLDG CORP0.4%$8.6m
AGRO ADECOAGRO S A0.4%$7.8m
INVZ INNOVIZ TECHNOLOGIES LTD0.4%$7.5m
RGNX REGENXBIO INC0.4%$7.1m
SWCHF SIERRA WIRELESS INC0.3%$6.9m
IVVD INVIVYD INC0.3%$5.9m
BTAI BIOXCEL THERAPEUTICS INC0.3%$5.2m
RETAEUR REATA PHARMACEUTICALS INC0.2%$4.5m
LUCK BOWLERO CORP0.2%$3.4m
CMPS COMPASS PATHWAYS PLC0.2%$3.1m
FLNA FILANA THERAPEUTICS INC0.1%$2.6m

Sector mix

  • Unclassified32.8%
  • Industrials16.6%
  • Healthcare15.7%
  • Energy12.9%
  • Basic Materials8.2%
  • Financial Services4.9%
  • Communication Services2.8%
  • Utilities2.3%
  • Technology2.3%
  • Consumer Defensive1.5%

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