WhaleCreep

Rubric Capital Management LP 13F holdings, Q4 2022

Hedge fundSEC filingsCompare with another fundHoldings as of 2022-12-31, filed 2023-02-10

Rubric Capital Management LP disclosed 94 US equity positions worth $2.3bn in its Q4 2022 13F filing. Its largest position is GLNG at 6.3% of the reported book, followed by FLR and HTZ. Versus Q3 2022 it opened 19 new positions, added to 26, reduced 10 and exited 12.

$2.3bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
94
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
6.3%
Largest position
The largest single position as a share of the reported equity book.
38.4%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
41
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 Q3 2022: 19 new, 26 added, 10 reduced, 12 exited

50 of 94
GLNG GOLAR LNG LTDEnergy6.3%$145m6.35m0.0%held
FLR FLUOR CORPIndustrials5.0%$114m3.30m0.0%held
HTZ HERTZ GLOBAL HLDGS INCIndustrials4.9%$113m7.35m−13%reduced
PLAYA HOTELS & RESORTS NV no ticker–3.4%$77.6m11.88m0.0%held
COLL COLLEGIUM PHARMACEUTICAL INCHealthcare3.4%$77.3m3.33m0.0%held
AHCO ADAPTHEALTH CORPHealthcare3.2%$72.5m3.77m+0.5%added
NFE NEW FORTRESS ENERGY INCEnergy3.1%$71.4m1.68m+100%added
PARR PAR PACIFIC HOLDINGS INCEnergy3.1%$70.9m3.05m−18%reduced
BGCPEUR BGC PARTNERS INC–3.0%$68.8m18.25m0.0%held
AIR AAR CORPIndustrials2.9%$65.8m1.47m+2.1%added
MATV MATIV HOLDINGS INCBasic Materials2.8%$63.1m3.02m+23%added
NOBLE CORP PLC no ticker–2.5%$57.9m1.54m+5.7%added
WSC WILLSCOT HLDGS CORPIndustrials2.5%$56.1m1.24m−16%reduced
TAC TRANSALTA CORPUtilities2.4%$55.4m6.18m+19%added
HAPN HAPPEN INCFinancial Services2.2%$51.3m5.83m+20%added
PTVEUSD PACTIV EVERGREEN INC–2.2%$50.6m4.45m+2.4%added
07WA MR COOPER GROUP INC–2.0%$45.4m1.13m+3.3%added
ADEA ADEIA INCTechnology1.9%$43.8m4.62m–new
DOLE DOLE PLCConsumer Defensive1.9%$43.4m4.50m+38%added
VALARIS LTD no ticker–1.8%$41.1m608,117+5.5%added
ARQT ARCUTIS BIOTHERAPEUTICS INCHealthcare1.8%$40.6m2.74m+481%added
DENUSD DENBURY INC–1.5%$34.3m393,803−30%reduced
XPER XPERI INCTechnology1.4%$33.1m3.84m–new
HOLLYSYS AUTOMATION TECHNOLO no ticker–1.4%$32.9m2.00m0.0%held
KOP KOPPERS HOLDINGS INCBasic Materials1.4%$32.0m1.13m0.0%held
HRTX HERON THERAPEUTICS INCHealthcare1.3%$29.4m11.75m+367%added
KPTI KARYOPHARM THERAPEUTICS INCHealthcare1.2%$28.2m8.29m+108%added
AMRYT PHARMA PLC no ticker–1.1%$26.3m3.60m0.0%held
STRO SUTRO BIOPHARMA INCHealthcare1.1%$26.0m3.21m+129%added
SPRY ARS PHARMACEUTICALS INCHealthcare1.1%$25.5m2.99m+11%added
BHC BAUSCH HEALTH COS INCHealthcare1.1%$25.5m4.05m+24%added
ROIV ROIVANT SCIENCES LTDHealthcare1.0%$24.0m3.00m–new
ZYME ZYMEWORKS INCHealthcare1.0%$23.7m3.02m–new
KINIKSA PHARMACEUTICALS LTD no ticker–1.0%$23.5m1.57m+8.5%added
96669EUR DIGIMARC CORP NEW–1.0%$22.5m1.21m0.0%held
QNST QUINSTREET INCCommunication Services0.9%$19.5m1.36m0.0%held
290A CHINOOK THERAPEUTICS INC–0.8%$18.9m719,809−24%reduced
SDGR SCHRODINGER INCHealthcare0.8%$18.7m1.00m−7.2%reduced
EVER EVERQUOTE INCCommunication Services0.8%$18.4m1.25m0.0%held
MX MAGNACHIP SEMICONDUCTOR CORPTechnology0.8%$18.3m1.95m0.0%held
CCO CLEAR CHANNEL OUTDOOR HLDGSCommunication Services0.8%$18.3m17.39m0.0%held
HIRERIGHT HOLDINGS CORPORATI no ticker–0.8%$18.1m1.52m0.0%held
META META PLATFORMS INCCommunication Services0.7%$16.1m133,465–new
ANIP ANI PHARMACEUTICALS INCHealthcare0.7%$15.1m376,132+31%added
IDCC INTERDIGITAL INCTechnology0.7%$15.1m304,260–new
CMRXEUR CHIMERIX INC–0.6%$13.9m7.50m+13%added
GOOG ALPHABET INCCommunication Services0.6%$13.5m152,315–new
POINT BIOPHARMA GLOBAL INC no ticker–0.6%$13.3m1.83m–new
OVID OVID THERAPEUTICS INCHealthcare0.6%$12.7m6.83m+51%added
RENEW ENERGY GLOBAL PLC no ticker–0.5%$12.5m2.28m0.0%held

Exited since Q3 2022

12 rows
XPERI HOLDING CORP no ticker2.7%$54.5m
APO APOLLO GLOBAL MGMT INC2.2%$44.2m
GPRE GREEN PLAINS INC1.5%$29.8m
0HJQ AVEO PHARMACEUTICALS INC0.7%$13.7m
ALEC ALECTOR INC0.4%$8.5m
ETNBGBP 89BIO INC0.3%$5.7m
MAX MEDIAALPHA INC0.2%$4.3m
AVPT AVEPOINT INC0.2%$4.1m
TBPH THERAVANCE BIOPHARMA INC0.2%$3.6m
CARAEUR CARA THERAPEUTICS INC0.1%$2.5m
CARLOTZ INC no ticker0.04%$853k
LYLTUSD LOYALTY VENTURES INC0.03%$603k

Sector mix

  • Unclassified27.7%
  • Healthcare21.1%
  • Industrials15.6%
  • Energy13.8%
  • Technology6.4%
  • Basic Materials4.7%
  • Communication Services3.8%
  • Utilities2.4%
  • Financial Services2.2%
  • Consumer Defensive2.2%

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