Rubric Capital Management LP
CIK 1687509 · View on SEC EDGAR ↗
- Portfolio value
- $10.9B
- Positions
- 87
- As of
- June 30, 2026
#450 of 9,443 by 13F value · top 4.8%
Portfolio value QoQ: +15.5% 13F does not disclose cash
- Top 10 holdings weight
- 46.43%
- Top 25 holdings weight
- 71.47%
- Positions above 1%
- 28
- Effective number of positions
- 26.6
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 21.42% Est. buys $2,495,251,579 · sells $2,178,528,980
Median holding: 3.0 quarters Tracked Q4 2024–Q2 2026 · 59.2% still held
- New positions
- 18
- Increased
- 35
- Decreased
- 10
- Closed
- 14
On this page
- Performance vs S&P How this manager's 13F portfolio performed against the S&P 500.
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
- Related The person behind this filer, where we can match one.
Performance vs S&P 500
Annualized: +31.8% · S&P 500: +18.0%
Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.
Priceable coverage: 99.4% · Options excluded: 11.5%
Sector breakdown
Healthcare
33.1%
Utilities
18.5%
Industrials
14.7%
Energy
6.0%
Financial Services
4.3%
Telecommunication
3.5%
Technology
3.3%
Consumer Discretionary
2.6%
Retail
2.6%
Packaging
2.2%
Consumer products
1.8%
Financials
1.5%
Materials
1.2%
Real Estate
1.2%
Consumer Staples
1.2%
Communication Services
0.9%
Diversified Consumer Services
0.7%
Other/Unmapped
0.6%
Full portfolio 87 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| TLN Talen Energy Corporation - Common Stock | $1,384,170,228 | 12.70% | 3,602,171 | $234,249,180 | |||
| FTAI FTAI Aviation Ltd. - Common Stock | $811,590,000 | 7.45% | 3,000,000 | $180,424,430 | Up ×1 | ||
| VTRS Viatris Inc. - Common Stock | $542,599,639 | 4.98% | 34,168,743 | $90,014,639 | Up ×4 | ||
| TEVA Teva Pharmaceutical Industries Limited American Depositary Shares | $527,681,000 | 4.84% | 15,575,000 | $68,351,000 | Up ×1 | ||
| GLNG Golar LNG Limited - Common Shares | $457,480,264 | 4.20% | 9,178,978 | $-39,194,236 | |||
| VST Vistra Corp. Common Stock | $284,733,394 | 2.61% | 1,794,953 | $59,238,394 | Up ×1 | ||
| TAC TransAlta Corporation Ordinary Shares | $279,808,712 | 2.57% | 20,232,011 | $46,873,355 | Up ×1 | ||
| FLR Fluor Corporation Common Stock | $262,853,623 | 2.41% | 5,017,248 | ||||
| KNSA Kiniksa Pharmaceuticals International, plc - Class A Ordinary Shares | $255,787,210 | 2.35% | 3,999,800 | $75,224,710 | Up ×2 | ||
| BGC BGC Group, Inc. - Class A Common Stock | $254,422,000 | 2.33% | 23,800,000 | $26,548,000 | Up ×4 | ||
| ZM Zoom Communications, Inc. - Class A Common Stock | $238,734,237 | 2.19% | 2,766,009 | $158,263,365 | Up ×1 | ||
| GIL Gildan Activewear, Inc. Class A Sub. Vot. Common Stock | $232,200,000 | 2.13% | 4,500,000 | $154,524,286 | Up ×3 | ||
| ARQT Arcutis Biotherapeutics, Inc. - Common stock | $216,880,749 | 1.99% | 8,271,577 | $22,002,395 | |||
| AMZN Amazon.com, Inc. - Common Stock | $214,506,000 | 1.97% | 900,000 | Up ×1 | |||
| ROIV Roivant Sciences Ltd. - Common Shares | $212,340,000 | 1.95% | 6,000,000 | $73,840,000 | Up ×1 | ||
| ZYME Zymeworks Inc. - Common Stock | $182,980,000 | 1.68% | 7,000,000 | $7,700,000 | |||
| AMCR Amcor plc Ordinary Shares | $180,424,001 | 1.66% | 4,162,030 | $129,965,510 | Up ×1 | ||
| CMPR Cimpress plc - Ordinary Shares | $177,975,000 | 1.63% | 1,750,000 | $59,027,413 | Up ×4 | ||
| AMRX Amneal Pharmaceuticals, Inc. - Class A Common Stock | $176,019,505 | 1.61% | 10,168,660 | $38,822,274 | Down ×2 | ||
| NRIX Nurix Therapeutics, Inc. - Common stock | $175,345,894 | 1.61% | 7,227,778 | $137,000,676 | Up ×1 | ||
| MCY Mercury General Corporation Common Stock | $164,348,333 | 1.51% | 1,541,440 | $-25,571,195 | Down ×1 | ||
| PFSI PennyMac Financial Services, Inc. Common Stock | $148,070,000 | 1.36% | 1,700,000 | $143,286,860 | Up ×1 | ||
| IART Integra LifeSciences Holdings Corporation - Common Stock | $139,260,655 | 1.28% | 7,753,934 | $66,218,597 | |||
| DK Delek US Holdings, Inc. Common Stock | $136,549,284 | 1.25% | 2,687,449 | $15,425,958 | |||
| LBTYA Liberty Global Ltd. - Class A Common Shares | $133,629,961 | 1.23% | 11,752,855 | $-8,462,056 | |||
| MGTX MeiraGTx Holdings plc - Ordinary Shares | $122,941,000 | 1.13% | 9,100,000 | $62,321,000 | Up ×3 | ||
| GEO Geo Group Inc (The) REIT | $122,077,521 | 1.12% | 4,131,219 | $59,154,665 | Up ×5 | ||
| LILAK Liberty Latin America Ltd. - Class C Common Stock | $121,877,900 | 1.12% | 15,645,430 | $-13,909,793 | Up ×3 | ||
| SDGR Schrodinger, Inc. - Common Stock | $104,000,000 | 0.95% | 6,400,000 | $35,840,000 | Up ×2 | ||
| ECVT Ecovyst Inc. Common Stock | $102,238,006 | 0.94% | 8,211,888 | $-15,251,816 | Down ×2 | ||
| LBTYK Liberty Global Ltd. - Class C Common Shares | $101,852,971 | 0.93% | 9,259,361 | $-6,759,334 | |||
| COMP Compass, Inc. Class A Common Stock | $101,332,798 | 0.93% | 8,218,394 | $73,943,339 | Up ×1 | ||
| NWL Newell Brands Inc. - Common Stock | $98,240,000 | 0.90% | 16,000,000 | $45,907,012 | Up ×2 | ||
| EPC Edgewell Personal Care Company Common Stock | $95,204,330 | 0.87% | 3,544,465 | $9,844,330 | Down ×1 | ||
| CXW CoreCivic, Inc. Common Stock | $86,505,106 | 0.79% | 2,847,436 | $47,565,331 | Up ×2 | ||
| ARDX Ardelyx, Inc. - Common Stock | $82,633,770 | 0.76% | 16,202,700 | $71,487,003 | Up ×1 | ||
| ENOV Enovis Corporation Common Stock | $80,730,000 | 0.74% | 3,900,000 | $24,918,221 | Up ×1 | ||
| ADMA ADMA Biologics Inc - Common Stock | $78,170,895 | 0.72% | 9,339,414 | $61,868,129 | Up ×1 | ||
| MNKD MannKind Corporation - Common Stock | $76,680,000 | 0.70% | 18,000,000 | $67,809,988 | Up ×1 | ||
| DRVN Driven Brands Holdings Inc. - Common Stock | $73,890,545 | 0.68% | 5,300,613 | $36,060,545 | Up ×1 | ||
| OPK Opko Health, Inc. - Common Stock | $71,686,865 | 0.66% | 47,791,243 | $17,204,848 | |||
| AVO Mission Produce, Inc. - Common Stock | $70,527,226 | 0.65% | 5,981,953 | $46,771,315 | Up ×1 | ||
| ADEA Adeia Inc. - Common Stock | $70,030,025 | 0.64% | 2,126,633 | $-32,919,421 | Down ×1 | ||
| RNW ReNew Energy Global plc - Class A Shares | $68,750,000 | 0.63% | 11,000,000 | $18,370,000 | |||
| SSYS Stratasys, Ltd. - Common Stock | $68,480,000 | 0.63% | 8,000,000 | $6,000,000 | |||
| SPRY ARS Pharmaceuticals, Inc. - Common Stock | $68,412,297 | 0.63% | 8,540,861 | $4,172,297 | Up ×5 | ||
| ANDE The Andersons, Inc. - Common Stock | $68,369,836 | 0.63% | 999,559 | $6,939,148 | Up ×1 | ||
| PRMB Primo Brands Corporation Class A Common Stock | $65,309,326 | 0.60% | 2,672,231 | $12,916,659 | Down ×2 | ||
| SON Sonoco Products Company Common Stock | $64,439,719 | 0.59% | 1,143,562 | Up ×1 | |||
| STUB StubHub Holdings, Inc. Class A Common Stock | $64,350,000 | 0.59% | 5,000,000 | ||||
| GLXY Galaxy Digital Inc. - Class A common stock | $64,062,240 | 0.59% | 2,343,169 | Up ×1 | |||
| VG Venture Global, Inc. Class A common stock | $60,216,416 | 0.55% | 5,410,280 | $36,576,416 | Up ×1 | ||
| ESTA Establishment Labs Holdings Inc. - Common Shares | $59,065,168 | 0.54% | 688,325 | Up ×1 | |||
| QDEL QuidelOrtho Corporation - Common Stock | $57,909,512 | 0.53% | 3,306,281 | $3,587,315 | |||
| ALVO Alvotech - Ordinary Shares | $57,848,473 | 0.53% | 15,677,093 | Up ×1 | |||
| TH Target Hospitality Corp. - Common Stock | $52,658,880 | 0.48% | 2,586,389 | $32,340,728 | Up ×1 | ||
| DNOW DNOW Inc. Common Stock | $50,565,296 | 0.46% | 3,898,635 | $35,469,049 | Up ×1 | ||
| PRTA Prothena Corporation plc - Ordinary Shares | $48,950,000 | 0.45% | 5,000,000 | $350,000 | |||
| TRVI Trevi Therapeutics, Inc. - Common Stock | $46,709,167 | 0.43% | 2,504,513 | $2,420,557 | Down ×3 | ||
| COLL Collegium Pharmaceutical, Inc. - Common Stock | $46,321,918 | 0.42% | 1,279,611 | $4,005,182 | |||
| ABUS Arbutus Biopharma Corporation - Common Stock | $36,158,098 | 0.33% | 7,532,937 | $6,339,347 | Up ×2 | ||
| Unknown issuer (CUSIP: G9600F104) | $35,925,398 | 0.33% | 855,163 | Up ×1 | |||
| XPER Xperi Inc. Common Stock | $34,103,013 | 0.31% | 4,143,744 | $10,898,047 | |||
| OFIX Orthofix Medical Inc. - Common Stock | $34,016,475 | 0.31% | 3,721,715 | $-8,671,596 | |||
| TRIP TripAdvisor, Inc. - Common Stock | $33,440,198 | 0.31% | 2,439,110 | Up ×1 | |||
| MATV Mativ Holdings, Inc. Common Stock | $30,147,086 | 0.28% | 3,982,442 | $-4,500,159 | |||
| LILA Liberty Latin America Ltd. - Class A Common Stock | $29,616,807 | 0.27% | 3,777,654 | $-2,783,193 | Up ×3 | ||
| BHVN Biohaven Ltd. Common Shares | $25,615,816 | 0.23% | 1,721,493 | Up ×1 | |||
| VISN Vistance Networks, Inc. - Common Stock | $25,560,000 | 0.23% | 2,000,000 | $-10,840,000 | |||
| ANIP ANI Pharmaceuticals, Inc. - Common Stock | $21,368,084 | 0.20% | 258,131 | ||||
| QURE uniQure N.V. - Ordinary Shares | $18,819,241 | 0.17% | 408,581 | Up ×1 | |||
| HPP Hudson Pacific Properties, Inc. Common Stock | $15,487,694 | 0.14% | 1,019,598 | Up ×1 | |||
| SEG Seaport Entertainment Group Inc. Common Stock | $15,122,898 | 0.14% | 568,530 | $2,910,874 | |||
| GDS GDS Holdings Limited - American Depositary Shares | $14,590,766 | 0.13% | 485,873 | Up ×1 | |||
| HRTX Heron Therapeutics, Inc. - Common Stock | $12,823,986 | 0.12% | 30,046,828 | $-11,216,481 | |||
| PRLB Proto Labs, Inc. Common stock | $8,859,485 | 0.08% | 108,692 | $-18,875,043 | Down ×2 | ||
| AERO Grupo Aeromexico, S.A.B. de C.V. American Depositary Shares (each representing ten (10) Common Shares) | $8,408,322 | 0.08% | 467,129 | $1,863,845 | |||
| OMER Omeros Corporation - Common Stock | $6,246,872 | 0.06% | 656,874 | Up ×1 | |||
| EPRX Eupraxia Pharmaceuticals Inc. - Common Stock | $5,733,673 | 0.05% | 867,424 | $729,602 | Up ×1 | ||
| EDSA Edesa Biotech, Inc. - Common Shares | $5,443,035 | 0.05% | 669,500 | $1,847,410 | Down ×1 | ||
| MREO Mereo BioPharma Group plc - American Depositary Shares | $4,863,144 | 0.04% | 15,307,347 | $-188,281 | |||
| ABEO Abeona Therapeutics Inc. - Common Stock | $3,762,205 | 0.03% | 608,771 | Up ×1 | |||
| CRI Carter's, Inc. Common Stock | $3,574,499 | 0.03% | 86,844 | $-32,859,684 | Down ×1 | ||
| TXMD TherapeuticsMD, Inc. - Common Stock | $2,634,742 | 0.02% | 1,192,191 | $226,516 | |||
| Unknown issuer (CUSIP: 68375NAG8) | $1,870,491 | 0.02% | 1,250,000 | $325,170 | |||
| TTI Tetra Technologies, Inc. Common Stock | $1,699,500 | 0.02% | 150,000 | ||||
| SVC Service Properties Trust - Shares of Beneficial Interest | $1,521,000 | 0.01% | 900,000 | Up ×1 | |||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
| Security | Value | % of portfolio | Streak |
|---|---|---|---|
| VTRS | $542,599,639 | 4.98% | up ×4 |
| BGC | $254,422,000 | 2.33% | up ×4 |
| GIL | $232,200,000 | 2.13% | up ×3 |
| CMPR | $177,975,000 | 1.63% | up ×4 |
| MGTX | $122,941,000 | 1.13% | up ×3 |
| GEO | $122,077,521 | 1.12% | up ×5 |
| LILAK | $121,877,900 | 1.12% | up ×3 |
| SPRY | $68,412,297 | 0.63% | up ×5 |
| LILA | $29,616,807 | 0.27% | up ×3 |
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| FLR | $262,853,623 | 5,017,248 | 2.41% |
| AMZN | $214,506,000 | 900,000 | 1.97% |
| SON | $64,439,719 | 1,143,562 | 0.59% |
| STUB | $64,350,000 | 5,000,000 | 0.59% |
| GLXY | $64,062,240 | 2,343,169 | 0.59% |
| ESTA | $59,065,168 | 688,325 | 0.54% |
| ALVO | $57,848,473 | 15,677,093 | 0.53% |
| Unknown issuer (CUSIP: G9600F104) | $35,925,398 | 855,163 | 0.33% |
| TRIP | $33,440,198 | 2,439,110 | 0.31% |
| BHVN | $25,615,816 | 1,721,493 | 0.23% |
| ANIP | $21,368,084 | 258,131 | 0.20% |
| QURE | $18,819,241 | 408,581 | 0.17% |
| HPP | $15,487,694 | 1,019,598 | 0.14% |
| GDS | $14,590,766 | 485,873 | 0.13% |
| OMER | $6,246,872 | 656,874 | 0.06% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| TLN | Price move only | +0 | +$234.2M |
| FTAI | Bought more | +424K | +$180.4M |
| ZM | Bought more | +1.8M | +$158.3M |
| GIL | Bought more | +3.1M | +$154.5M |
| NRIX | Bought more | +4.8M | +$137.0M |
| AMCR | Bought more | +2.9M | +$130.0M |
| VTRS | Bought more | +669K | +$90.0M |
| KNSA | Bought more | +250K | +$75.2M |
| COMP | Bought more | +4.5M | +$73.9M |
| ROIV | Bought more | +1.0M | +$73.8M |
1 position hidden (data completeness check)
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| IWM | June 30, 2026 | 5,150,000 | $1,277,200,000 | No longer tracked |
| SPY | March 31, 2025 | 2,000,000 | $1,172,160,000 | No longer tracked |
| IWM | March 31, 2025 | 5,070,000 | $1,120,267,200 | No longer tracked |
| SPY | Dec. 31, 2025 | 1,400,000 | $932,652,000 | No longer tracked |
| IWM | Dec. 31, 2025 | 2,000,000 | $483,920,000 | No longer tracked |
| VST | Sept. 30, 2025 | 1,424,803 | $276,141,069 | -29.0% |
| VTRS | March 31, 2025 | 20,144,365 | $250,797,344 | 84.4% |
| CEG | June 30, 2026 | 715,000 | $199,663,750 | 9.8% |
| XBI | Sept. 30, 2025 | 2,000,000 | $165,860,000 | No longer tracked |
| FLR | March 31, 2026 | 4,143,808 | $164,219,111 | 13.4% |
| AKAM | June 30, 2026 | 1,300,000 | $149,305,000 | -7.0% |
| TSLA | Sept. 30, 2025 | 430,000 | $136,593,800 | -21.6% |
| HIMS | Sept. 30, 2025 | 2,000,000 | $99,700,000 | -42.9% |
| UAL | March 31, 2025 | 995,759 | $96,688,199 | 63.7% |
| BAX | Dec. 31, 2025 | 3,774,889 | $85,954,223 | 37.0% |
| TDS | June 30, 2026 | 1,850,000 | $77,885,000 | -5.3% |
| FLG | June 30, 2025 | 6,425,000 | $74,658,500 | 27.8% |
| EOSE | March 31, 2026 | 6,500,000 | $74,490,000 | -27.9% |
| ADPT | Sept. 30, 2025 | 6,256,847 | $72,892,268 | 67.6% |
| FLR | March 31, 2025 | 1,325,000 | $65,349,000 | 47.7% |
| ADM | March 31, 2026 | 1,101,583 | $63,330,007 | 13.6% |
| BG | March 31, 2026 | 676,510 | $60,263,511 | -7.6% |
| DOLE | June 30, 2025 | 4,155,656 | $60,049,229 | -5.3% |
| WBA | June 30, 2025 | 5,007,592 | $55,934,803 | No longer tracked |
| COOP | Sept. 30, 2025 | 337,924 | $50,421,640 | No longer tracked |
| PCG | Sept. 30, 2025 | 3,600,000 | $50,184,000 | 18.6% |
| DAL | March 31, 2025 | 810,536 | $49,037,428 | 88.3% |
| PARA | March 31, 2025 | 4,632,083 | $48,451,588 | |
| MD | June 30, 2025 | 3,133,299 | $45,401,503 | 82.4% |
| PTGX | June 30, 2026 | 427,998 | $45,110,989 | 23.9% |
| PLAB | June 30, 2025 | 1,862,737 | $38,670,420 | 63.1% |
| ALIT | Dec. 31, 2025 | 11,398,583 | $37,159,381 | 590.0% |
| CVGW | June 30, 2026 | 1,416,662 | $36,535,713 | No longer tracked |
| SIMO | June 30, 2025 | 700,882 | $35,436,594 | 235.5% |
| ANIP | Dec. 31, 2025 | 343,414 | $31,456,722 | -1.6% |
| TSAT | June 30, 2026 | 843,781 | $30,544,872 | -10.8% |
| GPK | March 31, 2026 | 2,000,000 | $30,120,000 | 17.5% |
| IBIT | March 31, 2025 | 553,353 | $29,355,377 | |
| SCPH | Dec. 31, 2025 | 5,101,886 | $28,927,694 | No longer tracked |
| SUPN | Dec. 31, 2025 | 595,366 | $28,452,541 | -4.6% |
| NFE | March 31, 2026 | 23,701,399 | $27,019,595 | -49.6% |
| GDRX | March 31, 2025 | 5,804,628 | $26,991,520 | -20.1% |
| TTI | Dec. 31, 2025 | 4,529,783 | $26,046,252 | -22.3% |
| BMRN | June 30, 2026 | 440,560 | $24,887,234 | 18.2% |
| IAS | Sept. 30, 2025 | 2,971,951 | $24,696,913 | No longer tracked |
| FNA | June 30, 2025 | 1,879,635 | $24,548,033 | No longer tracked |
| DAR | March 31, 2026 | 680,827 | $24,509,772 | 10.0% |
| CNNE | Dec. 31, 2025 | 1,319,589 | $24,161,675 | -3.9% |
| DAWN | Dec. 31, 2025 | 3,377,071 | $23,808,351 | No longer tracked |
| PFSI | March 31, 2025 | 200,000 | $20,428,000 | -24.1% |
| INDV | June 30, 2026 | 662,515 | $20,193,457 | -7.5% |
| PUMP | March 31, 2025 | 2,158,725 | $20,140,904 | 54.4% |
| ACHC | June 30, 2026 | 850,000 | $19,881,500 | -9.3% |
| CEG | Sept. 30, 2025 | 54,507 | $17,592,679 | -17.2% |
| ZVRA | Sept. 30, 2025 | 1,958,318 | $17,252,782 | 24.9% |
| SW | March 31, 2026 | 400,000 | $15,468,000 | 22.6% |
| CPRI | June 30, 2026 | 675,000 | $11,893,500 | -25.1% |
| MHK | Dec. 31, 2025 | 85,726 | $11,051,796 | 23.9% |
| STUB | March 31, 2026 | 784,854 | $10,619,075 | 10.3% |
| FOXF | March 31, 2025 | 331,900 | $10,046,613 | -6.4% |
| EMBC | June 30, 2026 | 1,037,416 | $9,170,757 | 62.4% |
| ARDX | March 31, 2025 | 1,706,485 | $8,651,879 | -19.3% |
| OABI | June 30, 2025 | 2,850,588 | $6,841,411 | 147.1% |
| HELE | June 30, 2026 | 366,226 | $5,280,979 | -4.2% |
| RSKD | March 31, 2025 | 1,066,025 | $5,042,298 | 26.9% |
| THS | Dec. 31, 2025 | 70,372 | $1,422,218 | No longer tracked |
| HOWL | June 30, 2025 | 1,333,893 | $1,296,811 | -16.8% |
| MYPS | June 30, 2026 | 2,697,384 | $1,265,613 | 6.4% |
| CHRS | Sept. 30, 2025 | 867,800 | $634,622 | -17.7% |
| OVID | Sept. 30, 2025 | 478,533 | $157,868 | 115.4% |
| VINC | March 31, 2025 | 116,873 | $30,714 | No longer tracked |