Rubric Capital Management 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Rubric Capital Management disclosed 76 US equity positions worth $8.4bn in its Q4 2025 13F filing. The largest position was TLN at 16.1% of the reported book, followed by FTAI AVIATION LTD and TEVA. Against the Q3 2025 filing, it opened 8 new positions, added to 17 and reduced 14 among the top 50 holdings.
What did Rubric Capital Management own in Q4 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | TLN TALEN ENERGY CORP | Utilities | 16.1% | $1.4bn | 3,602,171 | 0% | held |
| 2 | FTAI AVIATION LTD | 8.7% | $728.3m | 3,700,000 | 10% | added | |
| 3 | TEVA TEVA PHARMACEUTICAL INDS LTD | Healthcare | 8.0% | $666.5m | 21,355,510 | -13% | reduced |
| 4 | GLNG GOLAR LNG LTD | Energy | 4.1% | $341.5m | 9,178,978 | 0% | held |
| 5 | VST VISTRA CORP | Utilities | 3.9% | $322.7m | 2,000,000 | – | new |
| 6 | VTRS VIATRIS INC | Healthcare | 3.8% | $317.5m | 25,500,000 | 66% | added |
| 7 | ARQT ARCUTIS BIOTHERAPEUTICS INC | Healthcare | 2.9% | $240.2m | 8,271,577 | -23% | reduced |
| 8 | CEG CONSTELLATION ENERGY CORP | Utilities | 2.8% | $236.7m | 670,000 | – | new |
| 9 | TAC TRANSALTA CORP | Utilities | 2.7% | $224.8m | 17,781,325 | 11% | added |
| 10 | ROIV ROIVANT SCIENCES LTD | Healthcare | 2.3% | $195.3m | 9,000,000 | -55% | reduced |
| 11 | MCY MERCURY GENL CORP NEW | Financial Services | 2.3% | $193.2m | 2,054,504 | 0% | held |
| 12 | BGC BGC GROUP INC | Financial Services | 2.2% | $187.5m | 21,000,000 | 17% | added |
| 13 | FLR FLUOR CORP NEW | Industrials | 2.0% | $164.2m | 4,143,808 | -8% | reduced |
| 14 | AMRX AMNEAL PHARMACEUTICALS INC | Healthcare | 1.9% | $155.4m | 12,334,941 | 0% | held |
| 15 | ZYME ZYMEWORKS INC | Healthcare | 1.8% | $151.4m | 5,750,000 | 22% | added |
| 16 | KINIKSA PHARMACEUTICALS INTL | 1.6% | $137.3m | 3,328,653 | -17% | reduced | |
| 17 | LIBERTY GLOBAL LTD | 1.3% | $111.6m | 10,018,432 | 29% | added | |
| 18 | QDEL QUIDELORTHO CORP | Healthcare | 1.3% | $107.9m | 3,777,157 | -19% | reduced |
| 19 | AKAM AKAMAI TECHNOLOGIES INC | Technology | 1.3% | $104.7m | 1,200,000 | – | new |
| 20 | ECVT ECOVYST INC | Basic Materials | 1.2% | $102.2m | 10,500,000 | 1% | added |
| 21 | CMPR CIMPRESS PLC | Industrials | 1.2% | $101.5m | 1,525,000 | 29% | added |
| 22 | IART INTEGRA LIFESCIENCES HLDGS C | Healthcare | 1.2% | $96.3m | 7,753,934 | 1% | added |
| 23 | DK DELEK US HLDGS INC NEW | Energy | 1.0% | $79.7m | 2,687,449 | 0% | held |
| 24 | LIBERTY LATIN AMERICA LTD | 1.0% | $79.5m | 10,656,935 | 4% | added | |
| 25 | TDS TELEPHONE & DATA SYS INC | Communication Services | 0.9% | $75.8m | 1,850,000 | 16% | added |
| 26 | SDGR SCHRODINGER INC | Healthcare | 0.9% | $74.6m | 4,171,498 | -21% | reduced |
| 27 | EOSE EOS ENERGY ENTERPRISES INC | Industrials | 0.9% | $74.5m | 6,500,000 | -37% | reduced |
| 28 | COMP COMPASS INC | Real Estate | 0.9% | $74.0m | 7,000,000 | – | new |
| 29 | ADEA ADEIA INC | Technology | 0.9% | $73.9m | 4,284,205 | 0% | held |
| 30 | SPRY ARS PHARMACEUTICALS INC | Healthcare | 0.9% | $72.2m | 6,200,000 | 38% | added |
| 31 | COLL COLLEGIUM PHARMACEUTICAL INC | Healthcare | 0.8% | $69.3m | 1,496,436 | -47% | reduced |
| 32 | LIBERTY GLOBAL LTD | 0.8% | $67.6m | 6,121,582 | 35% | added | |
| 33 | ENOV ENOVIS CORPORATION | Healthcare | 0.8% | $65.4m | 2,453,265 | -11% | reduced |
| 34 | SSYS STRATASYS LTD | Technology | 0.8% | $63.7m | 7,340,026 | -6% | reduced |
| 35 | ADM ARCHER DANIELS MIDLAND CO | Consumer Defensive | 0.8% | $63.3m | 1,101,583 | – | new |
| 36 | RENEW ENERGY GLOBAL PLC | 0.7% | $62.1m | 11,000,000 | -24% | reduced | |
| 37 | BG BUNGE GLOBAL SA | Consumer Defensive | 0.7% | $60.3m | 676,510 | 259% | added |
| 38 | OPK OPKO HEALTH INC | Healthcare | 0.7% | $60.2m | 47,791,243 | 0% | held |
| 39 | PRMB PRIMO BRANDS CORPORATION | Consumer Defensive | 0.7% | $59.3m | 3,628,815 | – | new |
| 40 | PRLB PROTO LABS INC | Industrials | 0.7% | $56.8m | 1,123,338 | 0% | held |
| 41 | OFIX ORTHOFIX MED INC | Healthcare | 0.7% | $56.4m | 3,721,715 | 0% | held |
| 42 | GEO GEO GROUP INC NEW | Industrials | 0.7% | $56.2m | 3,486,915 | 17% | added |
| 43 | ANDE ANDERSONS INC | Consumer Defensive | 0.6% | $53.5m | 1,005,631 | – | new |
| 44 | MGTX MEIRAGTX HLDGS PLC | 0.6% | $49.1m | 6,175,331 | 66% | added | |
| 45 | MATV MATIV HOLDINGS INC | Basic Materials | 0.6% | $48.4m | 3,982,442 | 0% | held |
| 46 | NWL NEWELL BRANDS INC | Consumer Defensive | 0.6% | $48.4m | 13,000,000 | 0% | held |
| 47 | TRVI TREVI THERAPEUTICS INC | Healthcare | 0.6% | $47.2m | 3,766,749 | -56% | reduced |
| 48 | NRIX NURIX THERAPEUTICS INC | Healthcare | 0.6% | $46.9m | 2,473,885 | – | new |
| 49 | MNKD MANNKIND CORP | Healthcare | 0.5% | $42.4m | 7,476,495 | -35% | reduced |
| 50 | HRTX HERON THERAPEUTICS INC | Healthcare | 0.5% | $39.1m | 30,046,828 | 3% | added |
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.