Rubric Capital Management LP

CIK 0001687509 · Q2 2026

13F Equity AUM

$10.9B

+15.5% QoQ

Positions

+4 QoQ

AUM Rank

#1,087

Top 9%

Skill Alpha (FF)

+0.2%/yr^ns

No Clear Edge

Rank #2,536 · Top 31%

vs S&P -2.5%/yr (unadj.)

Quarters Tracked

~9 years

Portfolio Concentration

Top 5: 34.2%Top 10: 46.4%Top 20: 64.8%

TLN12.7%

FTAIN7.5%

VTRS5.0%

TEVA4.8%

GLNG4.2%

VST2.6%

TAC2.6%

FLR2.4%

KINIKSA PHARMACEUTICALS INTL2.4%

BGC2.3%

Others (77)53.6%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Healthcare30.0%

Utilities18.5%

Industrials12.4%

Energy6.5%

Financial Services5.8%

Consumer Cyclical5.7%

Technology5.7%

Communication Services5.2%

Other10.3%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 87Median: 0.63%Avg: 1.15%

0–0.5%

32(6.3%)

0.5–1%

27(18.9%)

1–3%

23(40.7%)

3–5%

3(14.0%)

5%+

2(20.1%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 87vs 20 funds

0%Low

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New18Increased35Decreased10Exited14

New Positions

FLR2.4%

+5.0M

AMZN2.0%

+900K

SON0.6%

+1.1M

GLXY0.6%

+2.3M

STUB0.6%

+5.0M

ESTA0.5%

+688K

ALVOW0.5%

+15.7M

VERSIGENT PLC0.3%

+855K

TRIP0.3%

+2.4M

BHVN0.2%

+1.7M

Increased

MNKD0.7%

+14.4M(+397%)

ARDX0.8%

+14.3M(+771%)

ADMA0.7%

+7.5M(+416%)

NRIX1.6%

+4.8M(+192%)

COMP0.9%

+4.5M(+119%)

AVO0.7%

+4.3M(+246%)

VG0.6%

+3.9M(+261%)

GIL2.1%

+3.1M(+222%)

AMCOR PLC1.7%

+2.9M(+228%)

DNOW0.5%

+2.6M(+208%)

Decreased

ADEA0.6%

-2,157,572(-50%)

TRVI0.4%

-1,207,860(-33%)

CRI0.0%

-932,009(-91%)

ECVT0.9%

-924,179(-10%)

AMRX1.6%

-868,929(-8%)

MCY1.5%

-613,064(-28%)

EPC0.9%

-455,535(-11%)

PRLB0.1%

-377,708(-78%)

PRMB0.6%

-110,173(-4%)

EDSA0.1%

-18,000(-3%)

Exited

-5,150,000

-715,000

-1,300,000

-1,850,000

-427,998

-1,416,662

-843,781

-440,560

-662,515

-850,000

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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