Rubric Capital Management, LLC
Follow13F filer, CIK 1628676, STAMFORD, CT
Rubric Capital Management, LLC reported $6,438,000 across 7 holdings for the quarter ended 2016-03-31, in a 13F-HR filed 2016-05-16.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001140361-16-065789
- Period
- 2016-03-31
- Reported value
- $6.44M
- Holdings
- 7
- Top 10 weight
- 100%
- New
- 1
- Sold out
- 47
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| ARALEZ PHARMACEUTICALS INCnew | +237,547 | $843K |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Largest sells vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| IRWDexited | -6,422,200 | -$74.4M |
| VYXexited | -2,900,000 | -$70.9M |
| BLMNexited | -4,100,000 | -$69.2M |
| ASCENA RETAIL GROUP INCexited | -5,600,000 | -$55.2M |
| ALLERGAN PLCexited | -170,000 | -$53.1M |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Holdings, Q1 2016
Share positions as resolved from 13F-HR 0001140361-16-065789, largest first. % of portfolio is the value over $6,438,000, the sum of the share positions whose value is usable for ratios (method).
| Security | History | Shares | Value | % of portfolio | Change | Latest event | Timeline |
|---|---|---|---|---|---|---|---|
| XURA INC COMXURA INC COM | 149,390 | $2.94M | 45.65% | -966,610 | |||
| NATIONSTAR MORTGAGE HOLDINGSNATIONSTAR MORTGAGE HOLDINGS | 221,082 | $2.19M | 34% | -4,878,918 | |||
| ARALEZ PHARMACEUTICALS INCARALEZ PHARMACEUTICALS INC | 237,547 | $843K | 13.09% | new | |||
| AIRAAR CORP | 8,218 | $191K | 2.97% | -602,447 | Timeline | ||
| PARTY CITY HOLDCO INCPARTY CITY HOLDCO INC | 9,016 | $136K | 2.11% | -1,340,984 |
Principal amounts
Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| SUNE 2 10/01/18SUNE 2 10/01/18 Bond 30/360P2 U | principal | 3,000,000 | $105K | 0 |
| SUNE 2.75 1/21SUNE 2.75 1/21 Bond 30/360P2 U | principal | 1,000,000 | $35K | -4,000,000 |
Sold out in Q1 2016
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| IRWDIRONWOOD PHARMACEUTICALS INC | 6,422,200 | $74.4M | shares |
| VYXNCR VOYIX CORPORATION | 2,900,000 | $70.9M | shares |
| BLMNBLOOMIN BRANDS INC | 4,100,000 | $69.2M | shares |
| ASCENA RETAIL GROUP INCASCENA RETAIL GROUP INC | 5,600,000 | $55.2M | shares |
| ALLERGAN PLCALLERGAN PLC | 170,000 | $53.1M | shares |
| OLNOLIN CORP | 3,001,200 | $51.8M | shares |
| LIBERTY INTERACTIVE CORPLIBERTY INTERACTIVE CORP | 1,850,000 | $50.5M | shares |
| TESSERA TECHNOLOGIES INCTESSERA TECHNOLOGIES INC | 1,290,778 | $38.7M | shares |
| ENDO INTL PLCENDO INTL PLC | 617,800 | $37.8M | shares |
| GSMFERROGLOBE PLC | 3,450,000 | $37.1M | shares |
| TGTTARGET CORP | 500,000 | $36.3M | shares |
| SKXSKECHERS U S A INC | 1,150,000 | $34.7M | shares |
| CONSTELLIUM SECONSTELLIUM SE | 4,264,247 | $32.8M | shares |
| WALTER INVT MGMT CORPWALTER INVT MGMT CORP | 2,123,375 | $30.2M | shares |
| KRATON CORPORATIONKRATON CORPORATION | 1,765,910 | $29.3M | shares |
| BBYBEST BUY INC | 960,400 | $29.2M | shares |
| BERRY GLOBAL GROUP INCBERRY GLOBAL GROUP INC | 600,000 | $21.7M | shares |
| CLWCLEARWATER PAPER CORP | 392,653 | $17.9M | shares |
| Engility Holdings IncEngility Holdings Inc | 544,131 | $17.7M | shares |
| FIESTA RESTAURANT GROUP INCFIESTA RESTAURANT GROUP INC | 515,000 | $17.3M | shares |
| AAPLAPPLE INC | 150,000 | $15.8M | shares |
| Media General Ord ShsMedia General Ord Shs | 961,553 | $15.5M | shares |
| XENOPORT INCXENOPORT INC | 2,800,000 | $15.4M | shares |
| MXMAGNACHIP SEMICONDUCTOR CORP | 2,783,200 | $14.7M | shares |
| QRVOQORVO INC | 275,000 | $14M | shares |
| DYNEGY INC NEW DELDYNEGY INC NEW DEL | 855,647 | $11.5M | shares |
| SUNEDISON SEMISUNEDISON SEMI | 1,450,000 | $11.4M | shares |
| RENEWABLE ENERGY GROUP INCRENEWABLE ENERGY GROUP INC | 1,198,400 | $11.1M | shares |
| CSRA INCCSRA INC | 350,000 | $10.5M | shares |
| JONESTOWN BK &TR CO PA COMJONESTOWN BK &TR CO PA COM | 2,527,115 | $9.73M | shares |
| POZEN INCPOZEN INC | 1,250,000 | $8.54M | shares |
| DSW INC-CLASS ADSW INC-CLASS A | 345,000 | $8.23M | shares |
| TERRAFORM GLOBAL INCTERRAFORM GLOBAL INC | 1,385,698 | $7.75M | shares |
| SPECTRANETICS CORPSPECTRANETICS CORP | 500,000 | $7.53M | shares |
| AEOAMERICAN EAGLE OUTFITTERS IN | 485,000 | $7.52M | shares |
| EXPRESS INCEXPRESS INC | 435,000 | $7.52M | shares |
| BABCOCK & WILCOX ENTERPRISE…BABCOCK & WILCOX ENTERPRISES INC | 302,767 | $6.32M | shares |
| SCHLSCHOLASTIC CORP | 151,217 | $5.83M | shares |
| ECLIPSE RES CORPECLIPSE RES CORP | 2,101,324 | $3.82M | shares |
| AERIE PHARMACEUTICALS INCAERIE PHARMACEUTICALS INC | 122,790 | $2.99M | shares |
| SCIQUEST INC NEWSCIQUEST INC NEW | 225,000 | $2.92M | shares |
| SFLY 0.25 5/18SFLY 0.25 5/18 | 3,000,000 | $2.89M | principal |
| ARRAY BIOPHARMA INC COMARRAY BIOPHARMA INC COM | 600,000 | $2.53M | shares |
| NOVAVAX INCNOVAVAX INC | 150,000 | $1.26M | shares |
| RAPTOR PHARMACEUTICAL CORPRAPTOR PHARMACEUTICAL CORP | 206,489 | $1.07M | shares |
| INFIQINFINITY PHARMACEUTICALS INC C | 125,000 | $981K | shares |
| ARM HLDGS ORD GBP0.5ARM HLDGS ORD GBP0.5 | 0 | $0 | shares |
How Q1 2016 was built
Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).
| Filing | Role | Amendment | Filed | Accepted | Ingested |
|---|---|---|---|---|---|
| 13F-HR 0001140361-16-065789 | base | 2016-05-16 | acceptance time not in the bulk data set |