WhaleCreep

Rubric Capital Management LP 13F holdings, Q3 2024

Hedge fundSEC filingsCompare with another fundHoldings as of 2024-09-30, filed 2024-11-13

Rubric Capital Management LP disclosed 64 US equity positions worth $6.1bn in its Q3 2024 13F filing. Its largest position is TLN at 33.2% of the reported book, followed by TEVA and ROIV. Versus Q2 2024 it opened 9 new positions, added to 14, reduced 14 and exited 12.

$6.1bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
64
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
33.2%
Largest position
The largest single position as a share of the reported equity book.
63.8%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
8
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 2024: 9 new, 14 added, 14 reduced, 12 exited

50 of 64
TLN TALEN ENERGY CORPUtilities33.2%$2.0bn11.37m–new
TEVA TEVA PHARMACEUTICAL INDS LTDHealthcare4.7%$288m16.01m−7.3%reduced
ROIV ROIVANT SCIENCES LTDHealthcare4.2%$258m22.40m−2.6%reduced
VST VISTRA CORPUtilities4.1%$252m2.13m+60%added
GLNG GOLAR LNG LTDEnergy3.9%$240m6.54m0.0%held
VTRS VIATRIS INCHealthcare3.8%$234m20.14m0.0%held
QDEL QUIDELORTHO CORPHealthcare3.1%$192m4.20m+15%added
BGC BGC GROUP INCFinancial Services2.5%$156m16.97m−11%reduced
FLR FLUOR CORPIndustrials2.2%$133m2.78m−13%reduced
LIBERTY GLOBAL LTD no ticker–1.9%$117m5.53m+0.1%held
ARQT ARCUTIS BIOTHERAPEUTICS INCHealthcare1.7%$102m10.97m+12%added
MD PEDIATRIX MEDICAL GROUP INCHealthcare1.6%$95.9m8.28m+1.5%added
07WA MR COOPER GROUP INC–1.6%$95.5m1.04m−32%reduced
AMRX AMNEAL PHARMACEUTICALS INCHealthcare1.5%$89.2m10.72m0.0%held
RENEW ENERGY GLOBAL PLC no ticker–1.4%$86.2m13.71m+1.5%added
ALITEUR ALIGHT INC–1.4%$86.2m11.65m+38%added
DOLE DOLE PLCConsumer Defensive1.4%$83.8m5.14m0.0%held
LIBERTY GLOBAL LTD no ticker–1.2%$76.1m3.52m+0.3%held
ADPT ADAPTIVE BIOTECHNOLOGIES CORHealthcare1.2%$73.7m14.40m+2.9%added
OPK OPKO HEALTH INCHealthcare1.2%$72.6m48.71m+9.6%added
SDGR SCHRODINGER INCHealthcare1.1%$68.4m3.69m+18%added
MATV MATIV HOLDINGS INCBasic Materials1.1%$68.0m4.00m0.0%held
PTVEUSD PACTIV EVERGREEN INC–1.1%$65.9m5.73m0.0%held
UAL UNITED AIRLINES HLDGS INCIndustrials1.0%$63.5m1.11m–new
MREO MEREO BIOPHARMA GROUP PLCHealthcare1.0%$62.9m15.31m0.0%held
KINIKSA PHARMACEUTICALS INTL no ticker–1.0%$60.5m2.42m0.0%held
EXTR EXTREME NETWORKSTechnology1.0%$59.1m3.93m−25%reduced
CAR AVIS BUDGET GROUP INCIndustrials1.0%$58.9m672,406−2.6%reduced
TAC TRANSALTA CORPUtilities1.0%$58.3m5.62m+20%added
OFIX ORTHOFIX MED INCHealthcare0.9%$57.7m3.69m0.0%held
ADEA ADEIA INCTechnology0.9%$55.3m4.64m0.0%held
HRTX HERON THERAPEUTICS INCHealthcare0.9%$53.2m26.71m0.0%held
SSYS STRATASYS LTDTechnology0.8%$51.4m6.19m+3.7%added
ZYME ZYMEWORKS INCHealthcare0.8%$49.2m3.92m0.0%held
COLL COLLEGIUM PHARMACEUTICAL INCHealthcare0.8%$48.3m1.25m−46%reduced
THS TREEHOUSE FOODS INC–0.8%$48.0m1.14m–new
XPER XPERI INCTechnology0.6%$38.3m4.14m0.0%held
TDOC TELADOC HEALTH INCHealthcare0.6%$37.9m4.13m−11%reduced
DK DELEK US HLDGS INC NEWEnergy0.6%$37.5m2.00m–new
GDRX GOODRX HLDGS INCHealthcare0.5%$32.5m4.68m+25%added
AIR AAR CORPIndustrials0.5%$30.8m471,699−18%reduced
FIP FTAI INFRASTRUCTURE INC–0.5%$29.5m3.15m−1.4%reduced
CNNE CANNAE HLDGS INCConsumer Cyclical0.4%$27.3m1.43m0.0%held
CSTM CONSTELLIUM SEBasic Materials0.4%$24.8m1.52m−58%reduced
SCPH SCPHARMACEUTICALS INC–0.4%$21.8m4.78m+35%added
ARDX ARDELYX INCHealthcare0.3%$21.1m3.06m+68%added
TRVI TREVI THERAPEUTICS INCHealthcare0.3%$16.8m5.03m0.0%held
RSKD RISKIFIED LTDTechnology0.3%$16.0m3.38m−19%reduced
EMBC EMBECTA CORPHealthcare0.3%$15.3m1.09m–new
TSAT TELESAT CORPTechnology0.2%$12.6m959,7640.0%held

Exited since Q2 2024

12 rows
JAZZ JAZZ PHARMACEUTICALS PLC1.7%$65.8m
PLAY DAVE & BUSTERS ENTMT INC1.3%$48.8m
VYX NCR VOYIX CORPORATION1.1%$42.4m
CRS CARPENTER TECHNOLOGY CORP0.4%$15.3m
SSTK SHUTTERSTOCK INC0.4%$14.8m
KOP KOPPERS HOLDINGS INC0.4%$13.4m
PLAYA HOTELS & RESORTS NV no ticker0.2%$8.7m
PTGX PROTAGONIST THERAPEUTICS INC0.2%$6.9m
RVNCEUR REVANCE THERAPEUTICS INC0.2%$6.8m
SPRY ARS PHARMACEUTICALS INC0.1%$5.4m
BCYC BICYCLE THERAPEUTICS PLC0.1%$4.2m
IMVT IMMUNOVANT INC0.04%$1.5m

Sector mix

  • Utilities38.2%
  • Healthcare31.2%
  • Unclassified11.6%
  • Industrials4.7%
  • Energy4.5%
  • Technology3.8%
  • Financial Services2.5%
  • Basic Materials1.5%
  • Consumer Defensive1.4%
  • Consumer Cyclical0.4%
  • Real Estate0.1%

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