Rubric Capital Management 13F holdings, Q2 2025
Holdings as of June 30, 2025 · filings on SEC EDGAR · latest filing →
Rubric Capital Management disclosed 63 US equity positions worth $6.2bn in its Q2 2025 13F filing. The largest position was TLN at 21.1% of the reported book, followed by TEVA and FTAI AVIATION LTD. Against the Q1 2025 filing, it opened 7 new positions, added to 23 and reduced 13 among the top 50 holdings.
What did Rubric Capital Management own in Q2 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q1 2025 |
|---|---|---|---|---|---|---|---|
| 1 | TLN TALEN ENERGY CORP | Utilities | 21.1% | $1.3bn | 4,505,302 | -26% | reduced |
| 2 | TEVA TEVA PHARMACEUTICAL INDS LTD | Healthcare | 7.0% | $435.8m | 26,000,000 | 2% | added |
| 3 | FTAI AVIATION LTD | 6.3% | $390.5m | 3,394,080 | 28% | added | |
| 4 | GLNG GOLAR LNG LTD | Energy | 6.1% | $378.1m | 9,178,978 | 2% | added |
| 5 | VST VISTRA CORP | Utilities | 4.4% | $276.1m | 1,424,803 | 51% | added |
| 6 | ROIV ROIVANT SCIENCES LTD | Healthcare | 3.7% | $229.6m | 20,370,336 | 15% | added |
| 7 | FLR FLUOR CORP NEW | Industrials | 3.3% | $205.1m | 4,000,000 | – | new |
| 8 | BGC BGC GROUP INC | Financial Services | 2.8% | $174.0m | 17,005,582 | -1% | reduced |
| 9 | TAC TRANSALTA CORP | Utilities | 2.8% | $172.1m | 15,948,451 | 33% | added |
| 10 | ARQT ARCUTIS BIOTHERAPEUTICS INC | Healthcare | 2.4% | $150.7m | 10,749,457 | -2% | reduced |
| 11 | MCY MERCURY GENL CORP NEW | Financial Services | 2.2% | $138.4m | 2,054,504 | 13% | added |
| 12 | QDEL QUIDELORTHO CORP | Healthcare | 2.1% | $133.7m | 4,637,738 | -24% | reduced |
| 13 | ALIGHT INC | 1.8% | $111.1m | 19,626,953 | 11% | added | |
| 14 | KINIKSA PHARMACEUTICALS INTL | 1.7% | $108.2m | 3,909,806 | 16% | added | |
| 15 | VTRS VIATRIS INC | Healthcare | 1.7% | $107.2m | 12,000,000 | – | new |
| 16 | SDGR SCHRODINGER INC | Healthcare | 1.6% | $100.6m | 5,000,000 | 4% | added |
| 17 | RENEW ENERGY GLOBAL PLC | 1.6% | $99.8m | 14,438,061 | -1% | reduced | |
| 18 | AMRX AMNEAL PHARMACEUTICALS INC | Healthcare | 1.5% | $94.7m | 11,710,332 | 9% | added |
| 19 | COLL COLLEGIUM PHARMACEUTICAL INC | Healthcare | 1.5% | $93.4m | 3,157,743 | 5% | added |
| 20 | IART INTEGRA LIFESCIENCES HLDGS C | Healthcare | 1.5% | $90.2m | 7,353,934 | 58% | added |
| 21 | SSYS STRATASYS LTD | Technology | 1.4% | $89.5m | 7,803,097 | 18% | added |
| 22 | NFE NEW FORTRESS ENERGY INC | Energy | 1.3% | $81.0m | 24,400,000 | 0% | held |
| 23 | ADPT ADAPTIVE BIOTECHNOLOGIES COR | Healthcare | 1.2% | $72.9m | 6,256,847 | -52% | reduced |
| 24 | INDIVIOR PLC | 1.1% | $68.5m | 4,647,179 | 32% | added | |
| 25 | OPK OPKO HEALTH INC | Healthcare | 1.0% | $63.1m | 47,791,243 | -2% | reduced |
| 26 | ADEA ADEIA INC | Technology | 1.0% | $60.6m | 4,284,205 | -1% | reduced |
| 27 | ZYME ZYMEWORKS INC | Healthcare | 1.0% | $59.1m | 4,710,551 | 9% | added |
| 28 | LIBERTY GLOBAL LTD | 0.9% | $57.0m | 5,692,225 | -5% | reduced | |
| 29 | DK DELEK US HLDGS INC NEW | Energy | 0.9% | $56.9m | 2,687,449 | 0% | held |
| 30 | HRTX HERON THERAPEUTICS INC | Healthcare | 0.9% | $55.3m | 26,713,503 | 0% | held |
| 31 | 07WA MR COOPER GROUP INC | 0.8% | $50.4m | 337,924 | -63% | reduced | |
| 32 | PCG PG&E CORP | Utilities | 0.8% | $50.2m | 3,600,000 | – | new |
| 33 | TRVI TREVI THERAPEUTICS INC | Healthcare | 0.8% | $46.7m | 8,531,860 | 88% | added |
| 34 | CNNE CANNAE HLDGS INC | Consumer Cyclical | 0.7% | $43.9m | 2,105,864 | 41% | added |
| 35 | OFIX ORTHOFIX MED INC | Healthcare | 0.7% | $41.5m | 3,721,715 | 1% | added |
| 36 | MREO MEREO BIOPHARMA GROUP PLC | Healthcare | 0.7% | $41.5m | 15,307,347 | 0% | held |
| 37 | PRLB PROTO LABS INC | Industrials | 0.7% | $41.4m | 1,034,171 | 792% | added |
| 38 | ECVT ECOVYST INC | Basic Materials | 0.6% | $38.7m | 4,707,347 | – | new |
| 39 | LIBERTY GLOBAL LTD | 0.5% | $33.9m | 3,289,789 | -0% | held | |
| 40 | XPER XPERI INC | Technology | 0.5% | $32.8m | 4,143,744 | 0% | held |
| 41 | GEO GEO GROUP INC NEW | Industrials | 0.5% | $29.9m | 1,247,393 | 85% | added |
| 42 | MATV MATIV HOLDINGS INC | Basic Materials | 0.4% | $27.2m | 3,982,442 | -0% | held |
| 43 | CMPR CIMPRESS PLC | Industrials | 0.4% | $26.4m | 561,429 | – | new |
| 44 | INTEGRAL AD SCIENCE HLDNG CO | 0.4% | $24.7m | 2,971,951 | -6% | reduced | |
| 45 | MGTX MEIRAGTX HLDGS PLC | 0.4% | $24.3m | 3,726,451 | 110% | added | |
| 46 | SPRY ARS PHARMACEUTICALS INC | Healthcare | 0.4% | $22.6m | 1,294,878 | 26% | added |
| 47 | SUPN SUPERNUS PHARMACEUTICALS INC | Healthcare | 0.4% | $21.9m | 695,039 | – | new |
| 48 | TSAT TELESAT CORP | 0.3% | $20.6m | 843,781 | -2% | reduced | |
| 49 | CEG CONSTELLATION ENERGY CORP | Utilities | 0.3% | $17.6m | 54,507 | – | new |
| 50 | SCPHARMACEUTICALS INC | 0.3% | $17.5m | 4,601,977 | -4% | reduced |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.