Rubric Capital Management 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Rubric Capital Management disclosed 70 US equity positions worth $7.4bn in its Q3 2025 13F filing. The largest position was TLN at 20.6% of the reported book, followed by FTAI AVIATION LTD and TEVA. Against the Q2 2025 filing, it opened 7 new positions, added to 19 and reduced 8 among the top 50 holdings.
What did Rubric Capital Management own in Q3 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | TLN TALEN ENERGY CORP | Utilities | 20.6% | $1.5bn | 3,602,171 | -20% | reduced |
| 2 | FTAI AVIATION LTD | 7.5% | $560.7m | 3,360,553 | -1% | reduced | |
| 3 | TEVA TEVA PHARMACEUTICAL INDS LTD | Healthcare | 6.7% | $497.9m | 24,650,000 | -5% | reduced |
| 4 | GLNG GOLAR LNG LTD | Energy | 5.0% | $370.9m | 9,178,978 | 0% | held |
| 5 | ROIV ROIVANT SCIENCES LTD | Healthcare | 4.1% | $302.6m | 20,000,000 | -2% | reduced |
| 6 | TAC TRANSALTA CORP | Utilities | 2.9% | $218.0m | 15,948,451 | 0% | held |
| 7 | ARQT ARCUTIS BIOTHERAPEUTICS INC | Healthcare | 2.7% | $202.6m | 10,749,457 | 0% | held |
| 8 | FLR FLUOR CORP NEW | Industrials | 2.5% | $189.3m | 4,500,000 | 12% | added |
| 9 | MCY MERCURY GENL CORP NEW | Financial Services | 2.3% | $174.2m | 2,054,504 | 0% | held |
| 10 | BGC BGC GROUP INC | Financial Services | 2.3% | $170.3m | 18,000,000 | 6% | added |
| 11 | KINIKSA PHARMACEUTICALS INTL | 2.1% | $155.3m | 4,000,000 | 2% | added | |
| 12 | VTRS VIATRIS INC | Healthcare | 2.0% | $152.3m | 15,385,000 | 28% | added |
| 13 | QDEL QUIDELORTHO CORP | Healthcare | 1.8% | $136.6m | 4,637,738 | 0% | held |
| 14 | AMRX AMNEAL PHARMACEUTICALS INC | Healthcare | 1.7% | $123.5m | 12,334,941 | 5% | added |
| 15 | EOSE EOS ENERGY ENTERPRISES INC | Industrials | 1.6% | $117.3m | 10,300,000 | – | new |
| 16 | RENEW ENERGY GLOBAL PLC | 1.5% | $111.2m | 14,438,061 | 0% | held | |
| 17 | IART INTEGRA LIFESCIENCES HLDGS C | Healthcare | 1.5% | $109.7m | 7,653,934 | 4% | added |
| 18 | SDGR SCHRODINGER INC | Healthcare | 1.4% | $105.7m | 5,268,817 | 5% | added |
| 19 | COLL COLLEGIUM PHARMACEUTICAL INC | Healthcare | 1.3% | $98.9m | 2,826,498 | -10% | reduced |
| 20 | ECVT ECOVYST INC | Basic Materials | 1.2% | $91.1m | 10,400,000 | 121% | added |
| 21 | LIBERTY GLOBAL LTD | 1.2% | $88.8m | 7,750,367 | 36% | added | |
| 22 | SSYS STRATASYS LTD | Technology | 1.2% | $87.4m | 7,803,097 | 0% | held |
| 23 | DK DELEK US HLDGS INC NEW | Energy | 1.2% | $86.7m | 2,687,449 | 0% | held |
| 24 | LIBERTY LATIN AMERICA LTD | 1.2% | $86.6m | 10,256,935 | – | new | |
| 25 | BAX BAXTER INTL INC | Healthcare | 1.2% | $86.0m | 3,774,889 | – | new |
| 26 | ENOV ENOVIS CORPORATION | Healthcare | 1.1% | $83.4m | 2,750,000 | – | new |
| 27 | ZYME ZYMEWORKS INC | Healthcare | 1.1% | $80.5m | 4,710,551 | 0% | held |
| 28 | TRVI TREVI THERAPEUTICS INC | Healthcare | 1.0% | $78.1m | 8,531,860 | 0% | held |
| 29 | CMPR CIMPRESS PLC | Industrials | 1.0% | $74.4m | 1,180,789 | 110% | added |
| 30 | OPK OPKO HEALTH INC | Healthcare | 1.0% | $74.1m | 47,791,243 | 0% | held |
| 31 | ADEA ADEIA INC | Technology | 1.0% | $72.0m | 4,284,205 | 0% | held |
| 32 | NWL NEWELL BRANDS INC | Consumer Defensive | 0.9% | $68.1m | 13,000,000 | – | new |
| 33 | TDS TELEPHONE & DATA SYS INC | Communication Services | 0.8% | $62.8m | 1,600,000 | – | new |
| 34 | MNKD MANNKIND CORP | Healthcare | 0.8% | $61.3m | 11,414,671 | – | new |
| 35 | GEO GEO GROUP INC NEW | Industrials | 0.8% | $61.2m | 2,986,915 | 139% | added |
| 36 | PRLB PROTO LABS INC | Industrials | 0.8% | $56.2m | 1,123,338 | 9% | added |
| 37 | NFE NEW FORTRESS ENERGY INC | Energy | 0.7% | $54.7m | 24,767,087 | 2% | added |
| 38 | OFIX ORTHOFIX MED INC | Healthcare | 0.7% | $54.5m | 3,721,715 | 0% | held |
| 39 | LIBERTY GLOBAL LTD | 0.7% | $53.3m | 4,538,570 | 38% | added | |
| 40 | SPRY ARS PHARMACEUTICALS INC | Healthcare | 0.6% | $45.2m | 4,500,000 | 248% | added |
| 41 | MATV MATIV HOLDINGS INC | Basic Materials | 0.6% | $45.0m | 3,982,442 | 0% | held |
| 42 | CXW CORECIVIC INC | Industrials | 0.5% | $39.9m | 1,961,446 | 141% | added |
| 43 | ALIGHT INC | 0.5% | $37.2m | 11,398,583 | -42% | reduced | |
| 44 | HRTX HERON THERAPEUTICS INC | Healthcare | 0.5% | $36.7m | 29,100,728 | 9% | added |
| 45 | MREO MEREO BIOPHARMA GROUP PLC | Healthcare | 0.4% | $31.5m | 15,307,347 | 0% | held |
| 46 | ANIP ANI PHARMACEUTICALS INC | Healthcare | 0.4% | $31.5m | 343,414 | 33% | added |
| 47 | MGTX MEIRAGTX HLDGS PLC | 0.4% | $30.7m | 3,726,451 | 0% | held | |
| 48 | SCPHARMACEUTICALS INC | 0.4% | $28.9m | 5,101,886 | 11% | added | |
| 49 | SUPN SUPERNUS PHARMACEUTICALS INC | Healthcare | 0.4% | $28.5m | 595,366 | -14% | reduced |
| 50 | INDIVIOR PLC | 0.4% | $27.3m | 1,130,961 | -76% | 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.