WhaleCreep

Rubric Capital Management LP 13F holdings, Q4 2023

Hedge fundSEC filingsCompare with another fundHoldings as of 2023-12-31, filed 2024-02-13

Rubric Capital Management LP disclosed 57 US equity positions worth $2.7bn in its Q4 2023 13F filing. Its largest position is ROIV at 8.0% of the reported book, followed by TEVA and VTRS. Versus Q3 2023 it opened 9 new positions, added to 19, reduced 13 and exited 11.

$2.7bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
57
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.
48.9%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
28
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 2023: 9 new, 19 added, 13 reduced, 11 exited

50 of 57
ROIV ROIVANT SCIENCES LTDHealthcare8.0%$213m19.00m+81%added
TEVA TEVA PHARMACEUTICAL INDS LTDHealthcare7.1%$190m18.23m−4.1%reduced
VTRS VIATRIS INCHealthcare7.1%$190m17.57m+33%added
GLNG GOLAR LNG LTDEnergy5.6%$150m6.51m0.0%held
BGC BGC GROUP INCFinancial Services5.4%$144m20.00m0.0%held
07WA MR COOPER GROUP INC–4.3%$116m1.79m−9.1%reduced
COLL COLLEGIUM PHARMACEUTICAL INCHealthcare3.2%$84.9m2.76m−13%reduced
RENEW ENERGY GLOBAL PLC no ticker–3.0%$79.8m10.42m+5.3%added
QDEL QUIDELORTHO CORPHealthcare2.7%$72.2m980,063+231%added
PTVEUSD PACTIV EVERGREEN INC–2.6%$69.1m5.04m+0.8%added
ANIP ANI PHARMACEUTICALS INCHealthcare2.3%$62.0m1.13m+33%added
VYX NCR VOYIX CORPORATIONTechnology2.3%$60.7m3.59m–new
SSYS STRATASYS LTDTechnology2.3%$60.7m4.25m+367%added
FLR FLUOR CORPIndustrials2.2%$59.2m1.51m−37%reduced
CSTM CONSTELLIUM SEBasic Materials2.2%$58.4m2.92m+50%added
ADEA ADEIA INCTechnology2.1%$57.5m4.64m0.0%held
AIR AAR CORPIndustrials2.1%$55.9m895,904−27%reduced
DOLE DOLE PLCConsumer Defensive2.1%$55.7m4.53m+21%added
LIBERTY GLOBAL LTD no ticker–2.0%$52.9m2.98m–new
KOP KOPPERS HOLDINGS INCBasic Materials1.9%$51.6m1.01m−12%reduced
KINIKSA PHARMACEUTICALS LTD no ticker–1.9%$51.0m2.91m−5.5%reduced
OFIX ORTHOFIX MED INCHealthcare1.8%$49.4m3.67m+6.7%added
AMRX AMNEAL PHARMACEUTICALS INCHealthcare1.8%$48.6m8.00m+99%added
HRTX HERON THERAPEUTICS INCHealthcare1.7%$45.4m26.71m0.0%held
PARR PAR PACIFIC HOLDINGS INCEnergy1.6%$43.6m1.20m−39%reduced
TAC TRANSALTA CORPUtilities1.6%$42.8m5.15m+17%added
MATV MATIV HOLDINGS INCBasic Materials1.5%$41.1m2.68m−33%reduced
GDRX GOODRX HLDGS INCHealthcare1.5%$39.3m5.87m–new
PLAYA HOTELS & RESORTS NV no ticker–1.4%$38.3m4.43m−15%reduced
ZYME ZYMEWORKS INCHealthcare1.3%$36.1m3.48m+31%added
LIBERTY GLOBAL LTD no ticker–1.3%$34.5m1.85m–new
MREO MEREO BIOPHARMA GROUP PLCHealthcare1.2%$31.3m13.55m+17%added
XPER XPERI INCTechnology1.1%$28.2m2.56m−37%reduced
ARDX ARDELYX INCHealthcare0.9%$24.9m4.01m+61%added
SCPH SCPHARMACEUTICALS INC–0.8%$21.9m3.50m+29%added
ARQT ARCUTIS BIOTHERAPEUTICS INCHealthcare0.8%$21.5m6.64m+32%added
RSKD RISKIFIED LTDTechnology0.7%$19.5m4.17m+159%added
OABI OMNIAB INC–0.7%$17.6m2.85m0.0%held
SILKUSD SILK RD MED INC–0.7%$17.5m1.43m–new
OVID OVID THERAPEUTICS INCHealthcare0.6%$17.1m5.32m−2.4%reduced
PCRX PACIRA BIOSCIENCES INCHealthcare0.6%$16.6m491,322+6.9%added
STRO SUTRO BIOPHARMA INCHealthcare0.5%$14.3m3.34m0.0%held
ADPT ADAPTIVE BIOTECHNOLOGIES CORHealthcare0.5%$14.0m2.86m–new
RVNCEUR REVANCE THERAPEUTICS INC–0.5%$12.8m1.46m−8.7%reduced
FIP FTAI INFRASTRUCTURE INC–0.5%$12.4m3.19m0.0%held
TSAT TELESAT CORPTechnology0.4%$10.0m959,7640.0%held
TRVI TREVI THERAPEUTICS INCHealthcare0.3%$7.6m5.68m0.0%held
HOWL WEREWOLF THERAPEUTICS INCHealthcare0.3%$7.5m1.94m0.0%held
CNNE CANNAE HLDGS INCConsumer Cyclical0.3%$7.1m362,961–new
CGEM CULLINAN THERAPEUTICS INCHealthcare0.2%$6.4m626,9290.0%held

Exited since Q3 2023

11 rows
CCJ CAMECO CORP4.2%$100m
HTZ HERTZ GLOBAL HLDGS INC2.7%$63.3m
NRG NRG ENERGY INC2.1%$50.8m
HOLLYSYS AUTOMATION TECHNOLO no ticker1.6%$38.5m
MGNI MAGNITE INC1.3%$30.2m
VST VISTRA CORP0.8%$20.0m
AHCO ADAPTHEALTH CORP0.8%$17.8m
MSGS MADISON SQUARE GRDN SPRT COR0.6%$14.7m
CCO CLEAR CHANNEL OUTDOOR HLDGS0.4%$10.6m
MX MAGNACHIP SEMICONDUCTOR CORP0.3%$8.0m
CNDT CONDUENT INC0.1%$2.9m

Sector mix

  • Healthcare44.8%
  • Unclassified19.9%
  • Technology8.8%
  • Energy7.2%
  • Basic Materials5.6%
  • Financial Services5.4%
  • Industrials4.3%
  • Consumer Defensive2.1%
  • Utilities1.6%
  • Consumer Cyclical0.3%

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