WhaleCreep

Rubric Capital Management LP 13F holdings, Q1 2025

Hedge fundSEC filingsCompare with another fundHoldings as of 2025-03-31, filed 2025-05-14

Rubric Capital Management LP disclosed 65 US equity positions worth $5.6bn in its Q1 2025 13F filing. Its largest position is TLN at 21.9% of the reported book, followed by TEVA and GLNG. Versus Q4 2024 it opened 12 new positions, added to 23, reduced 8 and exited 14.

$5.6bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
65
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
21.9%
Largest position
The largest single position as a share of the reported equity book.
58.9%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
14
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 Q4 2024: 12 new, 23 added, 8 reduced, 14 exited

50 of 65
TLN TALEN ENERGY CORPUtilities21.9%$1.2bn6.12m0.0%held
TEVA TEVA PHARMACEUTICAL INDS LTDHealthcare7.0%$393m25.55m+50%added
GLNG GOLAR LNG LTDEnergy6.1%$341m8.98m+16%added
FTAI AVIATION LTD no ticker–5.3%$294m2.65m–new
QDEL QUIDELORTHO CORPHealthcare3.8%$215m6.14m+11%added
NFE NEW FORTRESS ENERGY INCEnergy3.6%$202m24.34m+62%added
ROIV ROIVANT SCIENCES LTDHealthcare3.2%$179m17.77m−11%reduced
ARQT ARCUTIS BIOTHERAPEUTICS INCHealthcare3.1%$172m10.97m0.0%held
BGC BGC GROUP INCFinancial Services2.8%$158m17.23m+1.5%added
TAC TRANSALTA CORPUtilities2.0%$112m12.00m+58%added
VST VISTRA CORPUtilities2.0%$111m945,969–new
07WA MR COOPER GROUP INC–2.0%$110m921,537−14%reduced
ALITEUR ALIGHT INC–1.9%$105m17.72m+52%added
IART INTEGRA LIFESCIENCES HLDGS CHealthcare1.8%$102m4.64m+77%added
MCY MERCURY GENL CORP NEWFinancial Services1.8%$102m1.82m–new
ADPT ADAPTIVE BIOTECHNOLOGIES CORHealthcare1.7%$97.5m13.12m−10%reduced
SDGR SCHRODINGER INCHealthcare1.7%$94.8m4.80m−4.0%reduced
AMRX AMNEAL PHARMACEUTICALS INCHealthcare1.6%$90.0m10.74m+0.1%held
COLL COLLEGIUM PHARMACEUTICAL INCHealthcare1.6%$89.5m3.00m+28%added
RENEW ENERGY GLOBAL PLC no ticker–1.5%$85.6m14.53m0.0%held
OPK OPKO HEALTH INCHealthcare1.4%$80.9m48.71m0.0%held
KINIKSA PHARMACEUTICALS INTL no ticker–1.3%$75.1m3.38m+29%added
FLG FLAGSTAR BANK NATIONAL ASSOCFinancial Services1.3%$74.7m6.42m–new
LIBERTY GLOBAL LTD no ticker–1.2%$69.1m6.00m−9.0%reduced
SSYS STRATASYS LTDTechnology1.2%$64.6m6.60m+6.6%added
OFIX ORTHOFIX MED INCHealthcare1.1%$60.3m3.69m0.0%held
DOLE DOLE PLCConsumer Defensive1.1%$60.0m4.16m−20%reduced
HRTX HERON THERAPEUTICS INCHealthcare1.1%$58.8m26.71m0.0%held
ADEA ADEIA INCTechnology1.0%$57.3m4.34m−6.6%reduced
WBA WALGREENS BOOTS ALLIANCE INC–1.0%$55.9m5.01m+62%added
ZYME ZYMEWORKS INCHealthcare0.9%$51.7m4.34m+11%added
MD PEDIATRIX MEDICAL GROUP INCHealthcare0.8%$45.4m3.13m−0.5%held
DK DELEK US HLDGS INC NEWEnergy0.7%$40.5m2.69m+3.4%added
LIBERTY GLOBAL LTD no ticker–0.7%$39.4m3.29m+6.5%added
PLAB PHOTRONICS INCTechnology0.7%$38.7m1.86m+42%added
SIMO SILICON MOTION TECHNOLOGY COTechnology0.6%$35.4m700,882+19%added
MREO MEREO BIOPHARMA GROUP PLCHealthcare0.6%$34.4m15.31m0.0%held
INDIVIOR PLC no ticker–0.6%$33.6m3.53m+160%added
XPER XPERI INCTechnology0.6%$32.0m4.14m0.0%held
TRVI TREVI THERAPEUTICS INCHealthcare0.5%$28.5m4.54m+7.9%added
CNNE CANNAE HLDGS INCConsumer Cyclical0.5%$27.3m1.49m+4.2%added
IAS INTEGRAL AD SCIENCE HLDNG COCommunication Services0.5%$25.5m3.17m+60%added
MATV MATIV HOLDINGS INCBasic Materials0.4%$24.9m4.00m0.0%held
FNAUSD PARAGON 28 INC–0.4%$24.5m1.88m–new
GEO GEO GROUP INCIndustrials0.4%$19.7m675,891–new
TSAT TELESAT CORPTechnology0.3%$16.2m859,512−10%reduced
EMBC EMBECTA CORPHealthcare0.2%$13.9m1.09m+0.2%held
TH TARGET HOSPITALITY CORPIndustrials0.2%$13.2m2.00m+135%added
SPRY ARS PHARMACEUTICALS INCHealthcare0.2%$12.9m1.03m–new
SCPH SCPHARMACEUTICALS INC–0.2%$12.6m4.78m0.0%held

Exited since Q4 2024

14 rows
VTRS VIATRIS INC4.6%$251m
UAL UNITED AIRLINES HLDGS INC1.8%$96.7m
FLR FLUOR CORP1.2%$65.3m
DAL DELTA AIR LINES INC0.9%$49.0m
0VVB PARAMOUNT GLOBAL0.9%$48.5m
IBIT ISHARES BITCOIN TRUST ETF0.5%$29.4m
GDRX GOODRX HLDGS INC0.5%$27.0m
PFSI PENNYMAC FINL SVCS INC NEW0.4%$20.4m
PUMP PROPETRO HLDG CORP0.4%$20.1m
FOXF FOX FACTORY HLDG CORP0.2%$10.0m
ARDX ARDELYX INC0.2%$8.7m
RSKD RISKIFIED LTD0.09%$5.0m
COHERUS BIOSCIENCES INC no ticker0.04%$2.4m
VINCERX PHARMA INC no ticker0.0%$30.7k

Sector mix

  • Healthcare33.3%
  • Utilities25.9%
  • Unclassified16.5%
  • Energy10.5%
  • Financial Services6.0%
  • Technology4.4%
  • Consumer Defensive1.1%
  • Industrials0.8%
  • Consumer Cyclical0.5%
  • Communication Services0.5%
  • Basic Materials0.4%
  • Real Estate0.2%

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