WhaleCreep

Rubric Capital Management LP 13F holdings, Q2 2024

Hedge fundSEC filingsCompare with another fundHoldings as of 2024-06-30, filed 2024-08-13

Rubric Capital Management LP disclosed 67 US equity positions worth $3.8bn in its Q2 2024 13F filing. Its largest position is TEVA at 7.4% of the reported book, followed by ROIV and VTRS. Versus Q1 2024 it opened 7 new positions, added to 29, reduced 8 and exited 8.

$3.8bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
67
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
7.4%
Largest position
The largest single position as a share of the reported equity book.
44.7%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
33
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 2024: 7 new, 29 added, 8 reduced, 8 exited

50 of 67
TEVA TEVA PHARMACEUTICAL INDS LTDHealthcare7.4%$281m17.26m−2.3%reduced
ROIV ROIVANT SCIENCES LTDHealthcare6.4%$243m23.00m+15%added
VTRS VIATRIS INCHealthcare5.6%$214m20.14m+9.2%added
GLNG GOLAR LNG LTDEnergy5.4%$205m6.54m+0.4%held
BGC BGC GROUP INCFinancial Services4.2%$158m19.00m0.0%held
FLR FLUOR CORPIndustrials3.7%$140m3.21m+24%added
07WA MR COOPER GROUP INC–3.3%$123m1.52m0.0%held
QDEL QUIDELORTHO CORPHealthcare3.2%$121m3.65m+52%added
VST VISTRA CORPUtilities3.0%$114m1.33m+9.3%added
LIBERTY GLOBAL LTD no ticker–2.5%$96.3m5.53m+44%added
HRTX HERON THERAPEUTICS INCHealthcare2.5%$93.5m26.71m0.0%held
ARQT ARCUTIS BIOTHERAPEUTICS INCHealthcare2.4%$91.3m9.82m+31%added
RENEW ENERGY GLOBAL PLC no ticker–2.2%$84.3m13.51m+15%added
COLL COLLEGIUM PHARMACEUTICAL INCHealthcare2.0%$75.1m2.33m+27%added
CAR AVIS BUDGET GROUP INCIndustrials1.9%$72.1m690,273+221%added
EXTR EXTREME NETWORKSTechnology1.9%$70.7m5.25m+52%added
CSTM CONSTELLIUM SEBasic Materials1.8%$69.0m3.66m+0.9%added
AMRX AMNEAL PHARMACEUTICALS INCHealthcare1.8%$68.1m10.72m+12%added
MATV MATIV HOLDINGS INCBasic Materials1.8%$67.8m4.00m0.0%held
JAZZ JAZZ PHARMACEUTICALS PLCHealthcare1.7%$65.8m616,617–new
PTVEUSD PACTIV EVERGREEN INC–1.7%$64.8m5.73m+3.3%added
DOLE DOLE PLCConsumer Defensive1.7%$62.9m5.14m0.0%held
LIBERTY GLOBAL LTD no ticker–1.7%$62.7m3.51m+85%added
ALITEUR ALIGHT INC–1.6%$62.2m8.42m–new
MD PEDIATRIX MEDICAL GROUP INCHealthcare1.6%$61.5m8.15m+797%added
SDGR SCHRODINGER INCHealthcare1.6%$60.5m3.13m+214%added
OPK OPKO HEALTH INCHealthcare1.5%$55.5m44.42m+800%added
MREO MEREO BIOPHARMA GROUP PLCHealthcare1.5%$55.1m15.31m+13%added
ADEA ADEIA INCTechnology1.4%$51.9m4.64m0.0%held
ADPT ADAPTIVE BIOTECHNOLOGIES CORHealthcare1.3%$50.7m14.00m+33%added
SSYS STRATASYS LTDTechnology1.3%$50.1m5.97m+18%added
OFIX ORTHOFIX MED INCHealthcare1.3%$49.0m3.69m+0.8%added
PLAY DAVE & BUSTERS ENTMT INCCommunication Services1.3%$48.8m1.23m+105%added
TDOC TELADOC HEALTH INCHealthcare1.2%$45.3m4.63m–new
KINIKSA PHARMACEUTICALS INTL no ticker–1.2%$45.2m2.42m–new
VYX NCR VOYIX CORPORATIONTechnology1.1%$42.4m3.44m−24%reduced
AIR AAR CORPIndustrials1.1%$41.8m575,000−21%reduced
ANIP ANI PHARMACEUTICALS INCHealthcare1.0%$38.4m603,800−37%reduced
XPER XPERI INCTechnology0.9%$34.0m4.14m+2.5%added
ZYME ZYMEWORKS INCHealthcare0.9%$33.3m3.92m+13%added
TAC TRANSALTA CORPUtilities0.9%$33.2m4.69m0.0%held
GDRX GOODRX HLDGS INCHealthcare0.8%$29.1m3.74m+77%added
FIP FTAI INFRASTRUCTURE INC–0.7%$27.6m3.19m0.0%held
RSKD RISKIFIED LTDTechnology0.7%$26.7m4.17m0.0%held
CNNE CANNAE HLDGS INCConsumer Cyclical0.7%$25.9m1.43m+18%added
CHRS COHERUS ONCOLOGY INCHealthcare0.5%$18.0m10.40m0.0%held
SCPH SCPHARMACEUTICALS INC–0.4%$15.3m3.52m0.0%held
CRS CARPENTER TECHNOLOGY CORPIndustrials0.4%$15.3m139,806+78%added
TRVI TREVI THERAPEUTICS INCHealthcare0.4%$15.0m5.03m−9.7%reduced
SSTK SHUTTERSTOCK INCCommunication Services0.4%$14.8m381,631–new

Exited since Q1 2024

8 rows
IBIT ISHARES BITCOIN TRUST ETF2.1%$69.7m
KINIKSA PHARMACEUTICALS LTD no ticker1.3%$43.3m
ATMU ATMUS FILTRATION TECHNOLOGIE1.1%$36.5m
PARR PAR PACIFIC HOLDINGS INC0.8%$28.6m
SWTXUSD SPRINGWORKS THERAPEUTICS INC0.6%$21.0m
NUVLEUR NUVALENT INC0.6%$19.7m
CGEM CULLINAN THERAPEUTICS INC0.3%$10.7m
XERS XERIS BIOPHARMA HOLDINGS INC0.02%$687k

Sector mix

  • Healthcare47.7%
  • Unclassified16.3%
  • Technology7.5%
  • Industrials7.1%
  • Energy5.4%
  • Financial Services4.2%
  • Basic Materials4.0%
  • Utilities3.9%
  • Communication Services1.7%
  • Consumer Defensive1.7%
  • Consumer Cyclical0.7%

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