RUBRIC CAPITAL MANAGEMENT LP
Q3 2025 Form 13-F
NEW YORK, NEW YORK
CIK 0001687509
· CRD 285090
· SEC-registered investment adviser
$8.9B Reported Value Total
RUBRIC CAPITAL MANAGEMENT LP reports 9 total accounts under management (AUM). There are 9 discretionary accounts valued at $9,581,125,895, and 0 non-discretionary accounts.
Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
Private funds (Form ADV)
4 funds
· $9.0B gross asset value
Hedge Fund: $8.9B · Private Equity Fund: $90.5M
Source: Form ADV filed 2026-03-30
Reported value
$8.9B
Quarter over quarter
+22.4%
Holdings
69
Top-10 concentration
59.7%
Key People
Form ADV owners & control persons
David Efraim Rosen
LIMITED PARTNER
Brian Wolf Kleinhaus
GENERAL COUNSEL AND CHIEF COMPLIANCE OFFICER
Margaret Kossakowski
CHIEF FINANCIAL OFFICER
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Q3 2025 13F record
Q3 2025 13F filing summary
| Period of report | September 30, 2025 |
|---|---|
| Filed | November 14, 2025 |
| Form | 13F-HR |
| Reported value | $8.9B |
| Positions | 69 |
| Change in reported value | +33.9% |
| New positions | 16 |
| Exited positions | 9 |
| Position turnover | 32.1% |
| Top-10 concentration | 59.7% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q2 2026 13F
Filed Aug 14, 2026
|
86 | $10.9B |
|
Q1 2026 13F
Filed May 15, 2026
|
81 | $9.4B |
|
Q4 2025 13F
Filed Feb 13, 2026
|
75 | $8.4B |
|
Q3 2025 13F
Filed Nov 14, 2025
|
69 | $8.9B |
|
Q2 2025 13F
Filed Aug 14, 2025
|
62 | $6.6B |
|
Q1 2025 13F
Filed May 14, 2025
|
64 | $5.6B |
|
Q4 2024 13F
Filed Feb 14, 2025
|
66 | $7.8B |
|
Q3 2024 13F
Filed Nov 13, 2024
|
63 | $6.1B |
|
Q2 2024 13F
Filed Aug 13, 2024
|
66 | $3.8B |
|
Q1 2024 13F
Filed May 10, 2024
|
67 | $3.4B |
|
Q4 2023 13F
Filed Feb 13, 2024
|
56 | $4.8B |
|
Q3 2023 13F
Filed Nov 14, 2023
|
59 | $2.7B |
|
Q2 2023 13F
Filed Aug 11, 2023
|
61 | $2.3B |
|
Q1 2023 13F
Filed May 12, 2023
|
70 | $3.9B |
|
Q4 2022 13F
Filed Feb 10, 2023
|
94 | $2.3B |
|
Q3 2022 13F
Filed Nov 14, 2022
|
87 | $2.0B |
|
Q2 2022 13F
Filed Aug 12, 2022
|
88 | $1.9B |
|
Q1 2022 13F
Filed May 13, 2022
|
70 | $2.8B |
|
Q4 2021 13F
Filed Feb 14, 2022
|
68 | $2.1B |
|
Q3 2021 13F
Filed Nov 12, 2021
|
55 | $3.6B |
19 earlier quarters on file — choose one from the quarter menu above.
Top 20 holdings · Q3 2025
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | TLN TALEN ENERGY CORP | $1.5B | 17.29% |
| 2 | SPY P SPDR S&P 500 ETF TR | $932.7M | 10.52% |
| 3 | FTAI FTAI AVIATION LTD | $560.7M | 6.33% |
| 4 | TEVA TEVA PHARMACEUTICAL INDS LTD | $497.9M | 5.62% |
| 5 | IWM P ISHARES TR | $483.9M | 5.46% |
| 6 | GLNG GOLAR LNG LTD | $370.9M | 4.19% |
| 7 | ROIV ROIVANT SCIENCES LTD | $302.6M | 3.41% |
| 8 | TAC TRANSALTA CORP | $218.0M | 2.46% |
| 9 | ARQT ARCUTIS BIOTHERAPEUTICS INC | $202.6M | 2.29% |
| 10 | FLR FLUOR CORP NEW | $189.3M | 2.14% |
| 11 | MCY MERCURY GENL CORP NEW | $174.2M | 1.97% |
| 12 | BGC BGC GROUP INC | $170.3M | 1.92% |
| 13 | KNSA KINIKSA PHARMACEUTICALS INTL | $155.3M | 1.75% |
| 14 | VTRS VIATRIS INC | $152.3M | 1.72% |
| 15 | QDEL QUIDELORTHO CORP | $136.6M | 1.54% |
| 16 | AMRX AMNEAL PHARMACEUTICALS INC | $123.5M | 1.39% |
| 17 | EOSE EOS ENERGY ENTERPRISES INC | $117.3M | 1.32% |
| 18 | RNW RENEW ENERGY GLOBAL PLC | $111.2M | 1.25% |
| 19 | IART INTEGRA LIFESCIENCES HLDGS C | $109.7M | 1.24% |
| 20 | SDGR SCHRODINGER INC | $105.7M | 1.19% |
Values as reported on the Q3 2025 Form 13F. Every position is in the holdings table below.