Rubric Capital Management LP
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), Rubric Capital Management LP reported 86 stock positions worth $10.9 billion. Its top holding was Talen Energy (TLN) at 12.7% of the portfolio, followed by Ftai Aviation (FTAI, 7.4%) and Viatris (VTRS, 5.0%). Compared with Q1 2026, it opened 18 new positions, sold out of 13, added to 35 and reduced 10. The biggest buy was a new position in Fluor (FLR) and the biggest sale an exit from Constellation Energy (CEG).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001687509
- Portfolio Value
- $10.9B (Q2 2026)
- SEC Filing
- 0001104659-26-097098 ↗ filed Aug 14, 2026
Holdings Value
Holdings 86 stocks · $10.9B
| TLN Talen Energy Corp. | 12.70% | 3,602,171 | $1.4B | No change |
| FTAI Ftai Aviation Ltd. | 7.45% | 3,000,000 | $811.6M | Add +16.4% |
| VTRS Viatris Inc. | 4.98% | 34,168,743 | $542.6M | Add +2.0% |
| TEVA Teva Pharmaceutical-SP ADR | 4.84% | 15,575,000 | $527.7M | Add +2.1% |
| GLNG Golar LNG Ltd. | 4.20% | 9,178,978 | $457.5M | No change |
| VST Vistra Corp. | 2.61% | 1,794,953 | $284.7M | Add +19.7% |
| TAC Transalta Corp. | 2.57% | 20,232,011 | $279.8M | Add +13.8% |
| FLR Fluor Corp. | 2.41% | 5,017,248 | $262.9M | New |
| KNSA Kiniksa Pharmaceuticals Inte | 2.35% | 3,999,800 | $255.8M | Add +6.7% |
| BGC BGC Group Inc. Class A | 2.33% | 23,800,000 | $254.4M | Add +2.1% |
| ZM Zoom Communications Inc. | 2.19% | 2,766,009 | $238.7M | Add +176.3% |
| GIL Gildan Activewear Inc. | 2.13% | 4,500,000 | $232.2M | Add +222.4% |
| ARQT Arcutis Biotherapeutics Inc. | 1.99% | 8,271,577 | $216.9M | No change |
| AMZN Amazon.com Inc. | 1.97% | 900,000 | $214.5M | New |
| ROIV Roivant Sciences Ltd. | 1.95% | 6,000,000 | $212.3M | Add +20.0% |
| ZYME Zymeworks Inc. | 1.68% | 7,000,000 | $183.0M | No change |
| AMCR Amcor PLC | 1.66% | 4,162,030 | $180.4M | Add +227.9% |
| CMPR Cimpress PLC | 1.63% | 1,750,000 | $178.0M | Add +7.4% |
| AMRX Amneal Pharmaceuticals Inc. | 1.61% | 10,168,660 | $176.0M | Reduce -7.9% |
| NRIX Nurix Therapeutics Inc. | 1.61% | 7,227,778 | $175.3M | Add +192.2% |
| MCY Mercury General Corp. | 1.51% | 1,541,440 | $164.3M | Reduce -28.4% |
| PFSI Pennymac Financial Services | 1.36% | 1,700,000 | $148.1M | Add +3006.3% |
| IART Integra Lifesciences Holding | 1.28% | 7,753,934 | $139.3M | No change |
| DK Delek US Holdings Inc. | 1.25% | 2,687,449 | $136.5M | No change |
| LBTYA Liberty Global Ltd. Class A | 1.23% | 11,752,855 | $133.6M | No change |
| MGTX Meiragtx Holdings PLC | 1.13% | 9,100,000 | $122.9M | Add +30.0% |
| GEO The Geo Group Inc. | 1.12% | 4,131,219 | $122.1M | Add +10.4% |
| LILAK Liberty Latin Americ Class C | 1.12% | 15,645,430 | $121.9M | Add +1.6% |
| SDGR Schrodinger Inc. | 0.95% | 6,400,000 | $104.0M | Add +6.7% |
| ECVT Ecovyst Inc. | 0.94% | 8,211,888 | $102.2M | Reduce -10.1% |
| LBTYK Liberty Global Ltd. Class C | 0.93% | 9,259,361 | $101.9M | No change |
| COMP Compass Inc. Class A | 0.93% | 8,218,394 | $101.3M | Add +119.3% |
| NWL Newell Brands Inc. | 0.90% | 16,000,000 | $98.2M | Add +4.9% |
| EPC Edgewell Personal Care Co. | 0.87% | 3,544,465 | $95.2M | Reduce -11.4% |
| CXW Corecivic Inc. | 0.79% | 2,847,436 | $86.5M | Add +38.3% |
| ARDX Ardelyx Inc. | 0.76% | 16,202,700 | $82.6M | Add +770.7% |
| ENOV Enovis Corp. | 0.74% | 3,900,000 | $80.7M | Add +59.0% |
| ADMA Adma Biologics Inc. | 0.72% | 9,339,414 | $78.2M | Add +416.2% |
| MNKD Mannkind Corp. | 0.70% | 18,000,000 | $76.7M | Add +397.2% |
| DRVN Driven Brands Holdings Inc. | 0.68% | 5,300,613 | $73.9M | Add +76.7% |
| OPK Opko Health Inc. | 0.66% | 47,791,243 | $71.7M | No change |
| AVO Mission Produce Inc. | 0.65% | 5,981,953 | $70.5M | Add +246.5% |
| ADEA Adeia Inc. | 0.64% | 2,126,633 | $70.0M | Reduce -50.4% |
| RNW Renew Energy Global PLC-A | 0.63% | 11,000,000 | $68.8M | No change |
| SSYS Stratasys Ltd. | 0.63% | 8,000,000 | $68.5M | No change |
| SPRY Ars Pharmaceuticals Inc. | 0.63% | 8,540,861 | $68.4M | Add +6.8% |
| ANDE The Andersons Inc. | 0.63% | 999,559 | $68.4M | Add +16.8% |
| PRMB Primo Brands Corp. | 0.60% | 2,672,231 | $65.3M | Reduce -4.0% |
| SON Sonoco Products Co. | 0.59% | 1,143,562 | $64.4M | New |
| STUB Stubhub Holdings Inc. Class A | 0.59% | 5,000,000 | $64.3M | New |
| GLXY Galaxy Digital Inc. Class A | 0.59% | 2,343,169 | $64.1M | New |
| VG Venture Global Inc. Class A | 0.55% | 5,410,280 | $60.2M | Add +260.7% |
| ESTA Establishment Labs Holdings | 0.54% | 688,325 | $59.1M | New |
| QDEL Quidelortho Corp. | 0.53% | 3,306,281 | $57.9M | No change |
| ALVO Alvotech SA | 0.53% | 15,677,093 | $57.8M | New |
| TH Target Hospitality Corp. | 0.48% | 2,586,389 | $52.7M | Add +18.1% |
| DNOW Dnow Inc. | 0.46% | 3,898,635 | $50.6M | Add +207.6% |
| PRTA Prothena Corp. PLC | 0.45% | 5,000,000 | $49.0M | No change |
| TRVI Trevi Therapeutics Inc. | 0.43% | 2,504,513 | $46.7M | Reduce -32.5% |
| COLL Collegium Pharmaceutical Inc. | 0.42% | 1,279,611 | $46.3M | No change |
| ABUS Arbutus Biopharma Corp. | 0.33% | 7,532,937 | $36.2M | Add +13.7% |
| VGNT Versigent PLC | 0.33% | 855,163 | $35.9M | New |
| XPER Xperi Inc. | 0.31% | 4,143,744 | $34.1M | No change |
| OFIX Orthofix Medical Inc. | 0.31% | 3,721,715 | $34.0M | No change |
| TRIP Tripadvisor Inc. | 0.31% | 2,439,110 | $33.4M | New |
| MATV Mativ Holdings Inc. | 0.28% | 3,982,442 | $30.1M | No change |
| LILA Liberty Latin Americ Class A | 0.27% | 3,777,654 | $29.6M | Add +0.7% |
| BHVN Biohaven Ltd. | 0.23% | 1,721,493 | $25.6M | New |
| VISN Vistance Networks Inc. | 0.23% | 2,000,000 | $25.6M | No change |
| ANIP Ani Pharmaceuticals Inc. | 0.20% | 258,131 | $21.4M | New |
| QURE Uniqure NV | 0.17% | 408,581 | $18.8M | New |
| HPP Hudson Pacific Properties Inc. | 0.14% | 1,019,598 | $15.5M | New |
| SEG Seaport Entertainment Group | 0.14% | 568,530 | $15.1M | No change |
| GDS GDS Holdings Ltd. - ADR filed as GDS HLDGS LTD | 0.13% | 485,873 | $14.6M | New |
| HRTX Heron Therapeutics Inc. | 0.12% | 30,046,828 | $12.8M | No change |
| PRLB Proto Labs Inc. | 0.08% | 108,692 | $8.9M | Reduce -77.7% |
| AERO Grupo Aeromexico Sab DE CV | 0.08% | 467,129 | $8.4M | No change |
| OMER Omeros Corp. | 0.06% | 656,874 | $6.2M | New |
| EPRX Eupraxia Pharmaceuticals Inc. | 0.05% | 867,424 | $5.7M | Add +25.5% |
| EDSA Edesa Biotech Inc. | 0.05% | 669,500 | $5.4M | Reduce -2.6% |
| MREO Mereo Biopharma Group PL-ADR | 0.04% | 15,307,347 | $4.9M | No change |
| ABEO Abeona Therapeutics Inc. | 0.03% | 608,771 | $3.8M | New |
| CRI Carter's Inc. | 0.03% | 86,844 | $3.6M | Reduce -91.5% |
| TXMD Therapeuticsmd Inc. | 0.02% | 1,192,191 | $2.6M | No change |
| TTI Tetra Technologies Inc. | 0.02% | 150,000 | $1.7M | New |
| SVC Service Pptys TR | 0.01% | 900,000 | $1.5M | New |
Other holdings (1): bonds, preferreds, convertibles and warrants · $1.9M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| OPKO HEALTH INC (OPK 3.75 01/15/29) | NOTE 3.750% 1/1 · principal | 1,250,000 | $1.9M | No change |
Total filed on the 13F, all lines: $10.9B.
Portfolio Sells Q1 2026 → Q2 2026
| CEG Constellation Energy | Sold out | 0.00% | −2.45 |
| AKAM Akamai Technologies Inc. | Sold out | 0.00% | −1.83 |
| TDS Telephone and Data Systems | Sold out | 0.00% | −0.95 |
| MCY Mercury General Corp. | Reduce -28.4% | 1.51% | −0.82 |
| ADEA Adeia Inc. | Reduce -50.4% | 0.64% | −0.62 |
| PTGX Protagonist Therapeutics Inc. | Sold out | 0.00% | −0.55 |
| ECVT Ecovyst Inc. | Reduce -10.1% | 0.94% | −0.50 |
| CVGW Calavo Growers Inc. | Sold out | 0.00% | −0.45 |
| CRI Carter's Inc. | Reduce -91.5% | 0.03% | −0.41 |
| TSAT Telesat Corp. | Sold out | 0.00% | −0.37 |
| BMRN Biomarin Pharmaceutical Inc. | Sold out | 0.00% | −0.30 |
| PRLB Proto Labs Inc. | Reduce -77.7% | 0.08% | −0.26 |
| INDV Indivior Pharmaceuticals Inc. | Sold out | 0.00% | −0.25 |
| ACHC Acadia Healthcare Co. Inc. | Sold out | 0.00% | −0.24 |
| EPC Edgewell Personal Care Co. | Reduce -11.4% | 0.87% | −0.17 |
| CPRI Capri Holdings Ltd. | Sold out | 0.00% | −0.15 |
| TRVI Trevi Therapeutics Inc. | Reduce -32.5% | 0.43% | −0.11 |
| EMBC Embecta Corp. | Sold out | 0.00% | −0.11 |
| AMRX Amneal Pharmaceuticals Inc. | Reduce -7.9% | 1.61% | −0.07 |
| HELE Helen of Troy Ltd. | Sold out | 0.00% | −0.06 |
| PRMB Primo Brands Corp. | Reduce -4.0% | 0.60% | −0.04 |
| MYPS Playstudios Inc. | Sold out | 0.00% | −0.02 |
| EDSA Edesa Biotech Inc. | Reduce -2.6% | 0.05% | +0.01 |
Portfolio Buys Q1 2026 → Q2 2026
| FLR Fluor Corp. | New | 2.41% | +2.41 |
| AMZN Amazon.com Inc. | New | 1.97% | +1.97 |
| PFSI Pennymac Financial Services | Add +3006.3% | 1.36% | +1.30 |
| ZM Zoom Communications Inc. | Add +176.3% | 2.19% | +1.20 |
| GIL Gildan Activewear Inc. | Add +222.4% | 2.13% | +1.18 |
| NRIX Nurix Therapeutics Inc. | Add +192.2% | 1.61% | +1.14 |
| AMCR Amcor PLC | Add +227.9% | 1.66% | +1.04 |
| ARDX Ardelyx Inc. | Add +770.7% | 0.76% | +0.62 |
| MNKD Mannkind Corp. | Add +397.2% | 0.70% | +0.59 |
| COMP Compass Inc. Class A | Add +119.3% | 0.93% | +0.59 |
| SON Sonoco Products Co. | New | 0.59% | +0.59 |
| STUB Stubhub Holdings Inc. Class A | New | 0.59% | +0.59 |
| GLXY Galaxy Digital Inc. Class A | New | 0.59% | +0.59 |
| ESTA Establishment Labs Holdings | New | 0.54% | +0.54 |
| ALVO Alvotech SA | New | 0.53% | +0.53 |
| ADMA Adma Biologics Inc. | Add +416.2% | 0.72% | +0.52 |
| MGTX Meiragtx Holdings PLC | Add +30.0% | 1.13% | +0.39 |
| AVO Mission Produce Inc. | Add +246.5% | 0.65% | +0.36 |
| GEO The Geo Group Inc. | Add +10.4% | 1.12% | +0.35 |
| VGNT Versigent PLC | New | 0.33% | +0.33 |
| CXW Corecivic Inc. | Add +38.3% | 0.79% | +0.32 |
| TRIP Tripadvisor Inc. | New | 0.31% | +0.31 |
| DNOW Dnow Inc. | Add +207.6% | 0.46% | +0.28 |
| VG Venture Global Inc. Class A | Add +260.7% | 0.55% | +0.26 |
| NWL Newell Brands Inc. | Add +4.9% | 0.90% | +0.26 |
| ROIV Roivant Sciences Ltd. | Add +20.0% | 1.95% | +0.25 |
| BHVN Biohaven Ltd. | New | 0.23% | +0.23 |
| TH Target Hospitality Corp. | Add +18.1% | 0.48% | +0.23 |
| DRVN Driven Brands Holdings Inc. | Add +76.7% | 0.68% | +0.21 |
| ANIP Ani Pharmaceuticals Inc. | New | 0.20% | +0.20 |
| CMPR Cimpress PLC | Add +7.4% | 1.63% | +0.18 |
| QURE Uniqure NV | New | 0.17% | +0.17 |
| HPP Hudson Pacific Properties Inc. | New | 0.14% | +0.14 |
| KNSA Kiniksa Pharmaceuticals Inte | Add +6.7% | 2.35% | +0.13 |
| GDS GDS Holdings Ltd. - ADR | New | 0.13% | +0.13 |
| SDGR Schrodinger Inc. | Add +6.7% | 0.95% | +0.12 |
| OMER Omeros Corp. | New | 0.06% | +0.06 |
| ENOV Enovis Corp. | Add +59.0% | 0.74% | +0.06 |
| ABEO Abeona Therapeutics Inc. | New | 0.03% | +0.03 |
| TTI Tetra Technologies Inc. | New | 0.02% | +0.02 |
| SVC Service Pptys TR | New | 0.01% | +0.01 |
| EPRX Eupraxia Pharmaceuticals Inc. | Add +25.5% | 0.05% | −0.01 |
| ABUS Arbutus Biopharma Corp. | Add +13.7% | 0.33% | −0.03 |
| LILA Liberty Latin Americ Class A | Add +0.7% | 0.27% | −0.13 |
| ANDE The Andersons Inc. | Add +16.8% | 0.63% | −0.13 |
| VST Vistra Corp. | Add +19.7% | 2.61% | −0.15 |
| SPRY Ars Pharmaceuticals Inc. | Add +6.8% | 0.63% | −0.16 |
| TAC Transalta Corp. | Add +13.8% | 2.57% | −0.29 |
| FTAI Ftai Aviation Ltd. | Add +16.4% | 7.45% | −0.29 |
| BGC BGC Group Inc. Class A | Add +2.1% | 2.33% | −0.46 |
Options Activity Q1 2026 → Q2 2026
| IWM iShares Russell 2000 ETF | put | Sold out | 5,150,000 | $1.3Bbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 86 | $10.9B | TLN, FTAI, VTRS, TEVA, GLNG |
| Q1 2026 | 81 | $8.2B | TLN, FTAI, GLNG, TEVA, VTRS |
| Q4 2025 | 75 | $8.4B | TLN, FTAI, TEVA, GLNG, VST |
| Q3 2025 | 69 | $7.4B | TLN, FTAI, TEVA, GLNG, ROIV |
| Q2 2025 | 62 | $6.2B | TLN, TEVA, FTAI, GLNG, VST |
| Q1 2025 | 64 | $5.6B | TLN, TEVA, GLNG, FTAI, QDEL |
| Q4 2024 | 66 | $5.5B | TLN, TEVA, GLNG, VTRS, QDEL |
| Q3 2024 | 62 | $6.1B | TLN, TEVA, ROIV, VST, GLNG |
| Q2 2024 | 66 | $3.8B | TEVA, ROIV, VTRS, GLNG, BGC |
| Q1 2024 | 67 | $3.4B | TEVA, VTRS, ROIV, GLNG, BGC |