Q3 2025 · 13F-HR
Rubric Capital Management LPholdings as filed
Filed 2025-11-14 · accession 0001104659-25-112706
$8.86B
Reported value
72
Positions
2025-09-30
Period end
The Brief · Rubric Capital Management LP · Q3 2025
AI · grounded in 13F
Rubric Capital Management LP established a new position in Talen Energy Corp TLN valued at $1.53B. The fund also initiated new stakes in the SPDR S&P 500 ETF TR SPY for $932.65M and FTAI Aviation Ltd FTAI for $560.74M. Additional new positions include Teva Pharmaceutical Inds Ltd TEVA and iShares TR IWM.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 87422Q109 | TLN | TALEN ENERGY CORP | $1.53B | 17.3% | 3,602,171 | Common | SOLE |
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $932.7M | 10.5% | 1,400,000 | PUT | SOLE |
| G3730V105 | FTAI | FTAI AVIATION LTD | $560.7M | 6.33% | 3,360,553 | Common | SOLE |
| 881624209 | TEVA | TEVA PHARMACEUTICAL INDS LTD | $497.9M | 5.62% | 24,650,000 | Common | SOLE |
| 464287655 | IWM | ISHARES TR | $483.9M | 5.46% | 2,000,000 | PUT | SOLE |
| G9456A100 | GLNG | GOLAR LNG LTD | $370.9M | 4.19% | 9,178,978 | Common | SOLE |
| G76279101 | ROIV | ROIVANT SCIENCES LTD | $302.6M | 3.41% | 20,000,000 | Common | SOLE |
| 89346D107 | TAC | TRANSALTA CORP | $218.0M | 2.46% | 15,948,451 | Common | SOLE |
| 03969K108 | ARQT | ARCUTIS BIOTHERAPEUTICS INC | $202.6M | 2.29% | 10,749,457 | Common | SOLE |
| 343412102 | FLR | FLUOR CORP NEW | $189.3M | 2.14% | 4,500,000 | Common | SOLE |
| 589400100 | MCY | MERCURY GENL CORP NEW | $174.2M | 1.97% | 2,054,504 | Common | SOLE |
| 088929104 | BGC | BGC GROUP INC | $170.3M | 1.92% | 18,000,000 | Common | SOLE |
| G52694109 | KNSA | KINIKSA PHARMACEUTICALS INTL | $155.3M | 1.75% | 4,000,000 | Common | SOLE |
| 92556V106 | VTRS | VIATRIS INC | $152.3M | 1.72% | 15,385,000 | Common | SOLE |
| 219798105 | QDEL | QUIDELORTHO CORP | $136.6M | 1.54% | 4,637,738 | Common | SOLE |
| 03168L105 | AMRX | AMNEAL PHARMACEUTICALS INC | $123.5M | 1.39% | 12,334,941 | Common | SOLE |
| 29415C101 | EOSE | EOS ENERGY ENTERPRISES INC | $117.3M | 1.32% | 10,300,000 | Common | SOLE |
| G7500M104 | RNW | RENEW ENERGY GLOBAL PLC | $111.2M | 1.25% | 14,438,061 | Common | SOLE |
| 457985208 | IART | INTEGRA LIFESCIENCES HLDGS C | $109.7M | 1.24% | 7,653,934 | Common | SOLE |
| 80810D103 | SDGR | SCHRODINGER INC | $105.7M | 1.19% | 5,268,817 | Common | SOLE |
| 19459J104 | COLL | COLLEGIUM PHARMACEUTICAL INC | $98.9M | 1.12% | 2,826,498 | Common | SOLE |
| 27923Q109 | ECVT | ECOVYST INC | $91.1M | 1.03% | 10,400,000 | Common | SOLE |
| G61188101 | LBTYA | LIBERTY GLOBAL LTD | $88.8M | 1.00% | 7,750,367 | Common | SOLE |
| M85548101 | SSYS | STRATASYS LTD | $87.4M | 0.99% | 7,803,097 | Common | SOLE |
| 24665A103 | DK | DELEK US HLDGS INC NEW | $86.7M | 0.98% | 2,687,449 | Common | SOLE |
| G9001E128 | LILAK | LIBERTY LATIN AMERICA LTD | $86.6M | 0.98% | 10,256,935 | Common | SOLE |
| 071813109 | BAX | BAXTER INTL INC | $86.0M | 0.97% | 3,774,889 | Common | SOLE |
| 194014502 | ENOV | ENOVIS CORPORATION | $83.4M | 0.94% | 2,750,000 | Common | SOLE |
| 98985Y108 | ZYME | ZYMEWORKS INC | $80.5M | 0.91% | 4,710,551 | Common | SOLE |
| 89532M101 | TRVI | TREVI THERAPEUTICS INC | $78.1M | 0.88% | 8,531,860 | Common | SOLE |
| G2143T103 | CMPR | CIMPRESS PLC | $74.4M | 0.84% | 1,180,789 | Common | SOLE |
| 68375N103 | OPK | OPKO HEALTH INC | $74.1M | 0.84% | 47,791,243 | Common | SOLE |
| 00676P107 | ADEA | ADEIA INC | $72.0M | 0.81% | 4,284,205 | Common | SOLE |
| 651229106 | NWL | NEWELL BRANDS INC | $68.1M | 0.77% | 13,000,000 | Common | SOLE |
| 879433829 | TDS | TELEPHONE & DATA SYS INC | $62.8M | 0.71% | 1,600,000 | Common | SOLE |
| 56400P706 | MNKD | MANNKIND CORP | $61.3M | 0.69% | 11,414,671 | Common | SOLE |
| 36162J106 | GEO | GEO GROUP INC NEW | $61.2M | 0.69% | 2,986,915 | Common | SOLE |
| 743713109 | PRLB | PROTO LABS INC | $56.2M | 0.63% | 1,123,338 | Common | SOLE |
| 644393100 | NFE | NEW FORTRESS ENERGY INC | $54.7M | 0.62% | 24,767,087 | Common | SOLE |
| 68752M108 | OFIX | ORTHOFIX MED INC | $54.5M | 0.61% | 3,721,715 | Common | SOLE |
| G61188127 | LBTYK | LIBERTY GLOBAL LTD | $53.3M | 0.60% | 4,538,570 | Common | SOLE |
| 82835W108 | SPRY | ARS PHARMACEUTICALS INC | $45.2M | 0.51% | 4,500,000 | Common | SOLE |
| 808541106 | MATV | MATIV HOLDINGS INC | $45.0M | 0.51% | 3,982,442 | Common | SOLE |
| 21871N101 | CXW | CORECIVIC INC | $39.9M | 0.45% | 1,961,446 | Common | SOLE |
| 01626W101 | ALIT | ALIGHT INC | $37.2M | 0.42% | 11,398,583 | Common | SOLE |
| 427746102 | HRTX | HERON THERAPEUTICS INC | $36.7M | 0.41% | 29,100,728 | Common | SOLE |
| 589492107 | MREO | MEREO BIOPHARMA GROUP PLC | $31.5M | 0.36% | 15,307,347 | Common | SOLE |
| 00182C103 | ANIP | ANI PHARMACEUTICALS INC | $31.5M | 0.35% | 343,414 | Common | SOLE |
| G59665102 | MGTX | MEIRAGTX HLDGS PLC | $30.7M | 0.35% | 3,726,451 | Common | SOLE |
| 810648105 | SCPH | SCPHARMACEUTICALS INC | $28.9M | 0.33% | 5,101,886 | Common | SOLE |
| 868459108 | SUPN | SUPERNUS PHARMACEUTICALS INC | $28.5M | 0.32% | 595,366 | Common | SOLE |
| G4766E116 | INDV | INDIVIOR PLC | $27.3M | 0.31% | 1,130,961 | Common | SOLE |
| 00404A109 | ACHC | ACADIA HEALTHCARE COMPANY IN | $27.2M | 0.31% | 1,100,000 | Common | SOLE |
| 98423J101 | XPER | XPERI INC | $26.9M | 0.30% | 4,143,744 | Common | SOLE |
| 88162F105 | TTI | TETRA TECHNOLOGIES INC DEL | $26.0M | 0.29% | 4,529,783 | Common | SOLE |
| 13765N107 | CNNE | CANNAE HLDGS INC | $24.2M | 0.27% | 1,319,589 | Common | SOLE |
| 23954D109 | DAWNGBX | DAY ONE BIOPHARMACEUTICALS I | $23.8M | 0.27% | 3,377,071 | Common | SOLE |
| 879512309 | TSAT | TELESAT CORP | $22.4M | 0.25% | 843,781 | Common | SOLE |
| 87615L107 | TH | TARGET HOSPITALITY CORP | $18.6M | 0.21% | 2,189,456 | Common | SOLE |
| H11356104 | BG | BUNGE GLOBAL SA | $15.3M | 0.17% | 188,347 | Common | SOLE |
| G72800108 | PRTA | PROTHENA CORP PLC | $15.0M | 0.17% | 1,540,373 | Common | SOLE |
| 29082K105 | EMBC | EMBECTA CORP | $14.6M | 0.17% | 1,037,416 | Common | SOLE |
| G9001E102 | LILA | LIBERTY LATIN AMERICA LTD | $14.5M | 0.16% | 1,743,065 | Common | SOLE |
| 812215200 | SEG | SEAPORT ENTMT GROUP INC | $13.0M | 0.15% | 568,530 | Common | SOLE |
| 608190104 | MHK | MOHAWK INDS INC | $11.1M | 0.12% | 85,726 | Common | SOLE |
| 03879J100 | ABUS | ARBUTUS BIOPHARMA CORP | $7.2M | 0.08% | 1,575,376 | Common | SOLE |
| 375916103 | GIL | GILDAN ACTIVEWEAR INC | $4.9M | 0.05% | 84,252 | Common | SOLE |
| 72815G108 | MYPS | PLAYSTUDIOS INC | $2.6M | 0.03% | 2,697,384 | Common | SOLE |
| 68375NAG8 | OPK 3.75 01/15/29 | OPKO HEALTH INC | $1.9M | 0.02% | 1,250,000 | Common | SOLE |
| 27966L306 | EDSA | EDESA BIOTECH INC | $1.7M | 0.02% | 687,500 | Common | SOLE |
| 89469A104 | THS | TREEHOUSE FOODS INC | $1.4M | 0.02% | 70,372 | Common | SOLE |
| 88338N206 | TXMD | THERAPEUTICSMD INC | $1.3M | 0.01% | 1,192,191 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.