Rubric Capital Management LP

CIK

1687509

Location

NEW YORK, NY

Portfolio Value

Mid $7,916,924,259

Diversification

Diversified

Filing Date

Global Rank

#487 / 8,604 ▲ 4 · as of Mar 2026

Top Industry

Utilities - Independent Power Producers 22.8%

3Y Alpha vs SPY

-6.0%

Period ended 3 months ago

Filed May 15, 2026 · 55d

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+51.7%

SPY

+76.5%

Annualised alpha

-6.0%

Max drawdown

−28.1%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

79 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

14.5%

−2.0 pts

Top 5

40.3%

−1.3 pts

Top 10

53.9%

−2.5 pts

HHI

472

Diversified−73

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Healthcare	33.0%	$2,610,728,803	33
Utilities	23.5%	$1,858,395,155	5
Industrials	11.6%	$921,669,188	8
Energy	8.1%	$641,437,825	3
Technology	6.1%	$485,355,156	7
Financial Services	5.3%	$422,576,666	3
Consumer Defensive	4.0%	$317,088,942	7
Communication Services	3.2%	$253,642,089	4
Consumer Cyclical	2.7%	$214,291,887	5
Basic Materials	1.9%	$152,137,066	2
Real Estate	0.5%	$39,601,482	2

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

23 positions

Ticker	Company	Δ Shares	Shares	Value
VTRS	Viatris Inc	+8,000,000	33,500,000	$452,585,000
ABUS	Arbutus Biopharma Corp	+5,051,013	6,626,389	$29,818,750
EPC	EDGEWELL PERSONAL CARE Co	+2,992,929	4,000,000	$85,360,000
BGC	BGC Group, Inc.	+2,300,000	23,300,000	$227,874,000
NWL	Newell Brands Inc.	+2,257,431	15,257,431	$52,332,988
SDGR	Schrodinger, Inc.	+1,828,502	6,000,000	$68,160,000
LILA	Liberty Latin America Ltd.	+1,806,935	3,750,000	$32,400,000
SPRY	ARS Pharmaceuticals, Inc.	+1,800,000	8,000,000	$64,240,000
LBTYA	Liberty Global Ltd.	+1,734,423	11,752,855	$142,092,016
PRTA	Prothena Corp Public Ltd Co	+1,322,669	5,000,000	$48,600,000
ZYME	Zymeworks Inc.	+1,250,000	7,000,000	$175,280,000
GIL	Gildan Activewear Inc.	+1,139,392	1,395,790	$77,675,713
MGTX	MeiraGTx Holdings plc	+824,669	7,000,000	$60,620,000
SSYS	Stratasys Ltd.	+659,974	8,000,000	$62,480,000
CRI	Carters Inc	+558,853	1,018,853	$36,434,183
KNSA	Kiniksa Pharmaceuticals International, plc	+421,347	3,750,000	$180,562,500
GEO	Geo Group Inc	+256,265	3,743,180	$62,922,855
HELE	Helen Of Troy Ltd	+109,289	366,226	$5,280,978
CMPR	CIMPRESS plc	+104,419	1,629,419	$118,947,587
MCY	Mercury General Corp	+100,000	2,154,504	$189,919,527
AKAM	Akamai Technologies Inc	+100,000	1,300,000	$149,305,000
CXW	CoreCivic, Inc.	+97,770	2,059,216	$38,939,774
CEG	Constellation Energy Corp	+45,000	715,000	$199,663,750
No positions match the current search.

Trimmed

Positions the filer reduced

14 positions

Ticker	Company	Δ Shares	Shares	Value
TEVA	Teva Pharmaceutical Industries Ltd	−6,105,510	15,250,000	$459,330,000
ROIV	Roivant Sciences Ltd.	−4,000,000	5,000,000	$138,500,000
MNKD	Mannkind Corp	−3,856,082	3,620,413	$8,870,011
COMP	Compass, Inc.	−3,253,152	3,746,848	$27,389,458
ECVT	Ecovyst Inc.	−1,363,933	9,136,067	$117,489,821
AMRX	Amneal Pharmaceuticals, Inc.	−1,297,352	11,037,589	$137,197,231
FTAI	FTAI Aviation Ltd.	−1,123,814	2,576,186	$631,165,570
PRMB	Primo Brands Corp	−846,411	2,782,404	$52,392,667
PRLB	Proto Labs Inc	−636,938	486,400	$27,734,528
VST	Vistra Corp.	−500,000	1,500,000	$225,495,000
QDEL	QuidelOrtho Corp	−470,876	3,306,281	$54,322,196
COLL	Collegium Pharmaceutical, Inc	−216,825	1,279,611	$42,316,735
ANDE	Andersons, Inc.	−149,812	855,819	$61,430,687
TRVI	Trevi Therapeutics, Inc.	−54,376	3,712,373	$44,288,609
No positions match the current search.

New Positions

Positions the filer opened this quarter

16 positions

Ticker	Company	Shares	Value
ZM	Zoom Communications, Inc.	1,001,006	$80,470,872
AMCR	Amcor plc	1,269,396	$50,458,491
PTGX	Protagonist Therapeutics, Inc	427,998	$45,110,989
DRVN	Driven Brands Holdings Inc.	3,000,000	$37,830,000
CVGW	Calavo Growers Inc	1,416,662	$36,535,712
VISN	Vistance Networks, Inc.	2,000,000	$36,400,000
BMRN	Biomarin Pharmaceutical Inc	440,560	$24,887,234
AVO	Mission Produce, Inc.	1,726,447	$23,755,910
VG	Venture Global, Inc.	1,500,000	$23,640,000
INDV	Indivior Pharmaceuticals, Inc.	662,515	$20,193,457
ADMA	Adma Biologics, Inc.	1,809,408	$16,302,766
DNOW	DNOW Inc.	1,267,527	$15,096,246
ARDX	Ardelyx, Inc.	1,860,896	$11,146,767
AERO	Grupo Aeromexico, S.A.B. de C.V.	467,129	$6,544,477
EPRX	Eupraxia Pharmaceuticals Inc.	691,170	$5,004,070
PFSI	PennyMac Financial Services, Inc.	54,727	$4,783,139
No positions match the current search.

Sold Out

Positions the filer fully exited

9 positions

Ticker	Company	Shares	Value
FLR	Fluor Corp	4,143,808	$164,219,111
EOSE	Eos Energy Enterprises, Inc.	6,500,000	$74,490,000
ADM	Archer-Daniels-Midland Co	1,101,583	$63,330,006
BG	Bunge Global SA	676,510	$60,263,510
GPK	Graphic Packaging Holding Co	2,000,000	$30,120,000
NFE	New Fortress Energy Inc.	23,701,399	$27,019,594
DAR	Darling Ingredients Inc.	680,827	$24,509,772
SW	Smurfit Westrock plc	400,000	$15,468,000
STUB	StubHub Holdings, Inc.	784,854	$10,619,074
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

79 positions · $7,916,924,259 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 79 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
TLN	Talen Energy Corp Utilities	Held	3,602,171	0	$1,149,921,048	−14.8%	14.52%
FTAI	FTAI Aviation Ltd. Industrials	Reduced	2,576,186	-1,123,814	$631,165,570	−13.3%	7.97%
GLNG	Golar Lng Ltd Energy	Held	9,178,978	0	$496,674,499	+45.4%	6.27%
TEVA	Teva Pharmaceutical Industries Ltd Healthcare	Reduced	15,250,000	-6,105,510	$459,330,000	−31.1%	5.80%
VTRS	Viatris Inc Healthcare	Added	33,500,000	+8,000,000	$452,585,000	+42.6%	5.72%
TAC	Transalta Corp Utilities	Held	17,781,325	0	$232,935,357	+3.6%	2.94%
BGC	BGC Group, Inc. Financial Services	Added	23,300,000	+2,300,000	$227,874,000	+21.5%	2.88%
VST	Vistra Corp. Utilities	Reduced	1,500,000	-500,000	$225,495,000	−30.1%	2.85%
CEG	Constellation Energy Corp Utilities	Added	715,000	+45,000	$199,663,750	−15.6%	2.52%
ARQT	Arcutis Biotherapeutics, Inc. Healthcare	Held	8,271,577	0	$194,878,354	−18.9%	2.46%
MCY	Mercury General Corp Financial Services	Added	2,154,504	+100,000	$189,919,527	−1.7%	2.40%
KNSA	Kiniksa Pharmaceuticals International, plc Healthcare	Added	3,750,000	+421,347	$180,562,500	+31.5%	2.28%
ZYME	Zymeworks Inc. Healthcare	Added	7,000,000	+1,250,000	$175,280,000	+15.8%	2.21%
AKAM	Akamai Technologies Inc Technology	Added	1,300,000	+100,000	$149,305,000	+42.6%	1.89%
LBTYA	Liberty Global Ltd. Communication Services	Added	11,752,855	+1,734,423	$142,092,016	+27.3%	1.79%
ROIV	Roivant Sciences Ltd. Healthcare	Reduced	5,000,000	-4,000,000	$138,500,000	−29.1%	1.75%
AMRX	Amneal Pharmaceuticals, Inc. Healthcare	Reduced	11,037,589	-1,297,352	$137,197,231	−11.7%	1.73%
DK	Delek US Holdings, Inc. Energy	Held	2,687,449	0	$121,123,326	+52.0%	1.53%
CMPR	CIMPRESS plc Industrials	Added	1,629,419	+104,419	$118,947,587	+17.1%	1.50%
ECVT	Ecovyst Inc. Basic Materials	Reduced	9,136,067	-1,363,933	$117,489,821	+15.0%	1.48%
ADEA	Adeia Inc. Technology	Held	4,284,205	0	$102,949,446	+39.3%	1.30%
EPC	EDGEWELL PERSONAL CARE Co Consumer Defensive	Added	4,000,000	+2,992,929	$85,360,000	+397.1%	1.08%
ZM	Zoom Communications, Inc. Technology	NEW	1,001,006	NEW	$80,470,872	NEW	1.02%
TDS	Telephone & Data Systems Inc /De/ Communication Services	Held	1,850,000	0	$77,885,000	+2.7%	0.98%
GIL	Gildan Activewear Inc. Consumer Cyclical	Added	1,395,790	+1,139,392	$77,675,713	+385.0%	0.98%
IART	Integra Lifesciences Holdings Corp Healthcare	Held	7,753,934	0	$73,042,058	−24.2%	0.92%
SDGR	Schrodinger, Inc. Healthcare	Added	6,000,000	+1,828,502	$68,160,000	−8.6%	0.86%
SPRY	ARS Pharmaceuticals, Inc. Healthcare	Added	8,000,000	+1,800,000	$64,240,000	−11.1%	0.81%
GEO	Geo Group Inc Industrials	Added	3,743,180	+256,265	$62,922,855	+11.9%	0.79%
SSYS	Stratasys Ltd. Technology	Added	8,000,000	+659,974	$62,480,000	−1.9%	0.79%
ANDE	Andersons, Inc. Consumer Defensive	Reduced	855,819	-149,812	$61,430,687	+14.9%	0.78%
MGTX	MeiraGTx Holdings plc Healthcare	Added	7,000,000	+824,669	$60,620,000	+23.5%	0.77%
ENOV	Enovis CORP Healthcare	Held	2,453,265	0	$55,811,778	−14.6%	0.70%
OPK	Opko Health, Inc. Healthcare	Held	47,791,243	0	$54,482,017	−9.5%	0.69%
QDEL	QuidelOrtho Corp Healthcare	Reduced	3,306,281	-470,876	$54,322,196	−49.6%	0.69%
PRMB	Primo Brands Corp Consumer Defensive	Reduced	2,782,404	-846,411	$52,392,667	−11.7%	0.66%
NWL	Newell Brands Inc. Consumer Defensive	Added	15,257,431	+2,257,431	$52,332,988	+8.2%	0.66%
AMCR	Amcor plc Consumer Cyclical	NEW	1,269,396	NEW	$50,458,491	NEW	0.64%
RNW	ReNew Energy Global plc Utilities	Held	11,000,000	0	$50,380,000	−18.9%	0.64%
PRTA	Prothena Corp Public Ltd Co Healthcare	Added	5,000,000	+1,322,669	$48,600,000	+38.4%	0.61%
PTGX	Protagonist Therapeutics, Inc Healthcare	NEW	427,998	NEW	$45,110,989	NEW	0.57%
TRVI	Trevi Therapeutics, Inc. Healthcare	Reduced	3,712,373	-3,821,125	$44,288,609	−53.0%	0.56%
OFIX	Orthofix Medical Inc. Healthcare	Held	3,721,715	0	$42,688,071	−24.3%	0.54%
COLL	Collegium Pharmaceutical, Inc Healthcare	Reduced	1,279,611	-216,825	$42,316,735	−38.9%	0.53%
CXW	CoreCivic, Inc. Industrials	Added	2,059,216	+97,770	$38,939,774	+3.9%	0.49%
NRIX	Nurix Therapeutics, Inc. Healthcare	Held	2,473,885	0	$38,345,217	−18.3%	0.48%
DRVN	Driven Brands Holdings Inc. Consumer Cyclical	NEW	3,000,000	NEW	$37,830,000	NEW	0.48%
CVGW	Calavo Growers Inc Consumer Defensive	NEW	1,416,662	NEW	$36,535,712	NEW	0.46%
CRI	Carters Inc Consumer Cyclical	Added	1,018,853	+558,853	$36,434,183	+144.2%	0.46%
VISN	Vistance Networks, Inc. Technology	NEW	2,000,000	NEW	$36,400,000	NEW	0.46%