WhaleCreep

Rubric Capital Management LP 13F holdings, Q2 2023

Hedge fundSEC filingsCompare with another fundHoldings as of 2023-06-30, filed 2023-08-11

Rubric Capital Management LP disclosed 61 US equity positions worth $2.3bn in its Q2 2023 13F filing. Its largest position is TEVA at 6.0% of the reported book, followed by GLNG and VTRS. Versus Q1 2023 it opened 8 new positions, added to 13, reduced 26 and exited 17.

$2.3bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
61
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
6.0%
Largest position
The largest single position as a share of the reported equity book.
43.5%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
34
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 2023: 8 new, 13 added, 26 reduced, 17 exited

50 of 61
TEVA TEVA PHARMACEUTICAL INDS LTDHealthcare6.0%$141m18.72m+316%added
GLNG GOLAR LNG LTDEnergy5.6%$130m6.46m−0.2%held
VTRS VIATRIS INCHealthcare5.1%$119m11.95m–new
HTZ HERTZ GLOBAL HLDGS INCIndustrials4.5%$105m5.72m−12%reduced
FLR FLUOR CORPIndustrials4.3%$101m3.41m+4.5%added
07WA MR COOPER GROUP INC–4.3%$99.5m1.97m+13%added
BGCPEUR BGC PARTNERS INC–3.8%$88.6m20.00m+0.7%added
CCJ CAMECO CORPEnergy3.6%$84.4m2.70m−43%reduced
VST VISTRA CORPUtilities3.2%$73.8m2.81m+14%added
COLL COLLEGIUM PHARMACEUTICAL INCHealthcare3.2%$73.6m3.42m+4.6%added
PARR PAR PACIFIC HOLDINGS INCEnergy3.1%$71.7m2.69m−7.1%reduced
AIR AAR CORPIndustrials3.0%$71.0m1.23m−16%reduced
PLAYA HOTELS & RESORTS NV no ticker–2.5%$58.7m7.21m−24%reduced
MATV MATIV HOLDINGS INCBasic Materials2.2%$52.0m3.44m+5.7%added
HAPN HAPPEN INCFinancial Services2.2%$51.8m5.31m−3.4%reduced
ADEA ADEIA INCTechnology2.2%$50.6m4.59m0.0%held
XPER XPERI INCTechnology2.2%$50.5m3.84m0.0%held
DOLE DOLE PLCConsumer Defensive2.1%$49.2m3.64m−23%reduced
STNG SCORPIO TANKERS INCEnergy2.1%$48.8m1.03m−57%reduced
KINIKSA PHARMACEUTICALS LTD no ticker–2.0%$47.6m3.38m+22%added
ARQT ARCUTIS BIOTHERAPEUTICS INCHealthcare2.0%$46.5m4.88m+40%added
ANIP ANI PHARMACEUTICALS INCHealthcare2.0%$45.6m847,011+31%added
RENEW ENERGY GLOBAL PLC no ticker–1.9%$44.7m8.17m0.0%held
OFIX ORTHOFIX MED INCHealthcare1.8%$43.2m2.39m+17%added
CSTM CONSTELLIUM SEBasic Materials1.6%$38.3m2.22m−26%reduced
PTVEUSD PACTIV EVERGREEN INC–1.6%$36.5m4.82m0.0%held
KOP KOPPERS HOLDINGS INCBasic Materials1.6%$36.3m1.07m−4.1%reduced
ROIV ROIVANT SCIENCES LTDHealthcare1.5%$35.6m3.54m−37%reduced
AHCO ADAPTHEALTH CORPHealthcare1.5%$35.0m2.88m−13%reduced
HOLLYSYS AUTOMATION TECHNOLO no ticker–1.5%$34.1m1.94m−1.8%reduced
TAC TRANSALTA CORPUtilities1.4%$32.1m3.43m−41%reduced
MGNI MAGNITE INCCommunication Services1.3%$30.2m2.21m–new
NRG NRG ENERGY INCUtilities1.1%$25.7m688,027–new
CCO CLEAR CHANNEL OUTDOOR HLDGSCommunication Services1.0%$23.8m17.39m0.0%held
ZYME ZYMEWORKS INCHealthcare0.9%$20.4m2.36m−17%reduced
STRO SUTRO BIOPHARMA INCHealthcare0.8%$18.8m4.05m−7.1%reduced
SPRY ARS PHARMACEUTICALS INCHealthcare0.8%$18.8m2.80m−20%reduced
OVID OVID THERAPEUTICS INCHealthcare0.8%$17.9m5.45m−22%reduced
RDNT RADNET INCHealthcare0.7%$16.8m516,076+27%added
MREO MEREO BIOPHARMA GROUP PLCHealthcare0.7%$15.3m11.62m+12%added
HRTX HERON THERAPEUTICS INCHealthcare0.6%$13.6m11.75m0.0%held
TRVI TREVI THERAPEUTICS INCHealthcare0.6%$13.6m5.68m0.0%held
TSAT TELESAT CORPTechnology0.5%$11.9m1.27m−10%reduced
FIP FTAI INFRASTRUCTURE INC–0.5%$11.8m3.19m0.0%held
DBRG DIGITALBRIDGE GROUP INCFinancial Services0.5%$11.7m795,516–new
96669EUR DIGIMARC CORP NEW–0.5%$11.1m375,353−69%reduced
MX MAGNACHIP SEMICONDUCTOR CORPTechnology0.5%$10.8m967,867−43%reduced
MYPS PLAYSTUDIOS INC–0.4%$9.6m1.96m0.0%held
SCPH SCPHARMACEUTICALS INC–0.4%$8.3m811,517–new
AMRX AMNEAL PHARMACEUTICALS INCHealthcare0.3%$8.1m2.60m–new

Exited since Q1 2023

17 rows
FCNCA FIRST CTZNS BANCSHARES INC N2.1%$51.6m
CTIC1USD CTI BIOPHARMA CORP1.5%$37.6m
CMPR CIMPRESS PLC1.2%$29.1m
SDGR SCHRODINGER INC1.1%$28.6m
LAUR LAUREATE EDUCATION INC1.1%$28.1m
IDCC INTERDIGITAL INC0.9%$22.9m
OUT OUTFRONT MEDIA INC0.9%$21.7m
290A CHINOOK THERAPEUTICS INC0.7%$16.7m
HIRERIGHT HOLDINGS CORPORATI no ticker0.6%$15.3m
NRDY NERDY INC0.4%$10.9m
NOBLE CORP PLC no ticker0.4%$9.4m
CMRXEUR CHIMERIX INC0.4%$9.2m
TARS TARSUS PHARMACEUTICALS INC0.1%$2.8m
CLBT CELLEBRITE DI LTD0.10%$2.5m
RYI VIRACTA THERAPEUTICS INC0.09%$2.4m
RAH SOCIETAL CDMO INC0.05%$1.3m
XERS XERIS BIOPHARMA HOLDINGS INC0.03%$695k

Sector mix

  • Healthcare30.4%
  • Unclassified19.7%
  • Energy14.3%
  • Industrials11.9%
  • Utilities5.6%
  • Basic Materials5.4%
  • Technology5.3%
  • Financial Services2.7%
  • Communication Services2.3%
  • Consumer Defensive2.1%
  • Consumer Cyclical0.1%

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