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Rubric Capital Management LP

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13F filer, CIK 1687509, NEW YORK, NY

Rubric Capital Management LP reported $8,862,850,126 across 72 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-14. Its ten largest share positions make up 56.66% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001104659-25-112706

Period
2025-09-30
Reported value
$8.86B
Holdings
72
Top 10 weight
56.66%
New
18
Sold out
12

Largest buys vs the previous quarter

SecurityShares changeApprox. value
EOSEnew+10,300,000$117M
LILAKnew+10,256,935$86.6M
BAXnew+3,774,889$86M
ENOVnew+2,750,000$83.4M
NWLnew+13,000,000$68.1M

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.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
TLNreduced-903,131-$384M
VSTexited-1,424,803-$276M
INDIVIOR PLCreduced-3,516,218-$84.8M
ADPTexited-6,256,847-$72.9M
MR COOPER GROUP INCexited-337,924-$50.4M

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, Q3 2025

Share positions as resolved from 13F-HR 0001104659-25-112706, largest first. % of portfolio is the value over $7,446,278,126, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
TLNTALEN ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 11,368,614 shares; 2024Q4: 6,123,500 shares; 2025Q1: 6,123,500 shares; 2025Q2: 4,505,302 shares; 2025Q3: 3,602,171 shares 3,602,171$1.53B20.58%-903,131Timeline
FTAIFTAI AVIATION LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 2,645,000 shares; 2025Q2: 3,394,080 shares; 2025Q3: 3,360,553 shares 3,360,553$561M7.53%-33,527Timeline
TEVATEVA PHARMACEUTICAL INDS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 16,005,498 shares; 2024Q4: 17,000,000 shares; 2025Q1: 25,550,000 shares; 2025Q2: 26,000,000 shares; 2025Q3: 24,650,000 shares 24,650,000$498M6.69%-1,350,000Timeline
GLNGGOLAR LNG LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,535,062 shares; 2024Q4: 7,710,211 shares; 2025Q1: 8,975,149 shares; 2025Q2: 9,178,978 shares; 2025Q3: 9,178,978 shares 9,178,978$371M4.98%0Timeline
ROIVROIVANT SCIENCES LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 22,400,000 shares; 2024Q4: 20,000,000 shares; 2025Q1: 17,767,076 shares; 2025Q2: 20,370,336 shares; 2025Q3: 20,000,000 shares 20,000,000$303M4.06%-370,336Timeline
TACTRANSALTA CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,622,961 shares; 2024Q4: 7,612,663 shares; 2025Q1: 12,000,000 shares; 2025Q2: 15,948,451 shares; 2025Q3: 15,948,451 shares 15,948,451$218M2.93%0Timeline
ARQTARCUTIS BIOTHERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 10,966,672 shares; 2024Q4: 10,966,672 shares; 2025Q1: 10,966,672 shares; 2025Q2: 10,749,457 shares; 2025Q3: 10,749,457 shares 10,749,457$203M2.72%0Timeline
FLRFLUOR CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,783,441 shares; 2024Q4: 1,325,000 shares; 2025Q1: not reported; 2025Q2: 4,000,000 shares; 2025Q3: 4,500,000 shares 4,500,000$189M2.54%+500,000Timeline
MCYMERCURY GENL CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,821,783 shares; 2025Q2: 2,054,504 shares; 2025Q3: 2,054,504 shares 2,054,504$174M2.34%0Timeline
BGCBGC GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 16,972,580 shares; 2024Q4: 16,976,380 shares; 2025Q1: 17,226,380 shares; 2025Q2: 17,005,582 shares; 2025Q3: 18,000,000 shares 18,000,000$170M2.29%+994,418Timeline
KNSAKINIKSA PHARMACEUTICALS INTLQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,419,103 shares; 2024Q4: 2,619,103 shares; 2025Q1: 3,383,239 shares; 2025Q2: 3,909,806 shares; 2025Q3: 4,000,000 shares 4,000,000$155M2.09%+90,194Timeline
VTRSVIATRIS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 20,144,365 shares; 2024Q4: 20,144,365 shares; 2025Q1: not reported; 2025Q2: 12,000,000 shares; 2025Q3: 15,385,000 shares 15,385,000$152M2.05%+3,385,000Timeline
QDELQUIDELORTHO CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,200,000 shares; 2024Q4: 5,550,000 shares; 2025Q1: 6,140,000 shares; 2025Q2: 4,637,738 shares; 2025Q3: 4,637,738 shares 4,637,738$137M1.83%0Timeline
AMRXAMNEAL PHARMACEUTICALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 10,721,778 shares; 2024Q4: 10,721,778 shares; 2025Q1: 10,735,977 shares; 2025Q2: 11,710,332 shares; 2025Q3: 12,334,941 shares 12,334,941$123M1.66%+624,609Timeline
EOSEEOS ENERGY ENTERPRISES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 10,300,000 shares 10,300,000$117M1.58%newTimeline
RNWRENEW ENERGY GLOBAL PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 13,706,102 shares; 2024Q4: 14,527,412 shares; 2025Q1: 14,527,412 shares; 2025Q2: 14,438,061 shares; 2025Q3: 14,438,061 shares 14,438,061$111M1.49%0Timeline
IARTINTEGRA LIFESCIENCES HLDGS CQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 293,083 shares; 2024Q4: 2,618,341 shares; 2025Q1: 4,643,672 shares; 2025Q2: 7,353,934 shares; 2025Q3: 7,653,934 shares 7,653,934$110M1.47%+300,000Timeline
SDGRSCHRODINGER INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,685,503 shares; 2024Q4: 5,000,000 shares; 2025Q1: 4,800,000 shares; 2025Q2: 5,000,000 shares; 2025Q3: 5,268,817 shares 5,268,817$106M1.42%+268,817Timeline
COLLCOLLEGIUM PHARMACEUTICAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,250,000 shares; 2024Q4: 2,350,000 shares; 2025Q1: 3,000,000 shares; 2025Q2: 3,157,743 shares; 2025Q3: 2,826,498 shares 2,826,498$98.9M1.33%-331,245Timeline
ECVTECOVYST INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 4,707,347 shares; 2025Q3: 10,400,000 shares 10,400,000$91.1M1.22%+5,692,653Timeline
LBTYALIBERTY GLOBAL LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,530,901 shares; 2024Q4: 6,595,439 shares; 2025Q1: 6,002,651 shares; 2025Q2: 5,692,225 shares; 2025Q3: 7,750,367 shares 7,750,367$88.8M1.19%+2,058,142Timeline
SSYSSTRATASYS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,191,000 shares; 2024Q4: 6,191,000 shares; 2025Q1: 6,597,333 shares; 2025Q2: 7,803,097 shares; 2025Q3: 7,803,097 shares 7,803,097$87.4M1.17%0Timeline
DKDELEK US HLDGS INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,000,000 shares; 2024Q4: 2,600,000 shares; 2025Q1: 2,687,449 shares; 2025Q2: 2,687,449 shares; 2025Q3: 2,687,449 shares 2,687,449$86.7M1.16%0Timeline
LILAKLIBERTY LATIN AMERICA LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 10,256,935 shares 10,256,935$86.6M1.16%newTimeline
BAXBAXTER INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 3,774,889 shares 3,774,889$86M1.15%newTimeline
ENOVENOVIS CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 2,750,000 shares 2,750,000$83.4M1.12%newTimeline
ZYMEZYMEWORKS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,917,331 shares; 2024Q4: 3,917,331 shares; 2025Q1: 4,338,444 shares; 2025Q2: 4,710,551 shares; 2025Q3: 4,710,551 shares 4,710,551$80.5M1.08%0Timeline
TRVITREVI THERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,026,931 shares; 2024Q4: 4,205,129 shares; 2025Q1: 4,538,535 shares; 2025Q2: 8,531,860 shares; 2025Q3: 8,531,860 shares 8,531,860$78.1M1.05%0Timeline
CMPRCIMPRESS PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 561,429 shares; 2025Q3: 1,180,789 shares 1,180,789$74.4M1%+619,360Timeline
OPKOPKO HEALTH INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 48,706,640 shares; 2024Q4: 48,706,640 shares; 2025Q1: 48,706,640 shares; 2025Q2: 47,791,243 shares; 2025Q3: 47,791,243 shares 47,791,243$74.1M0.99%0Timeline
ADEAADEIA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,640,009 shares; 2024Q4: 4,640,009 shares; 2025Q1: 4,335,131 shares; 2025Q2: 4,284,205 shares; 2025Q3: 4,284,205 shares 4,284,205$72M0.97%0Timeline
NWLNEWELL BRANDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 13,000,000 shares 13,000,000$68.1M0.91%newTimeline
TDSTELEPHONE & DATA SYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,600,000 shares 1,600,000$62.8M0.84%newTimeline
MNKDMANNKIND CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 11,414,671 shares 11,414,671$61.3M0.82%newTimeline
GEOGEO GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 675,891 shares; 2025Q2: 1,247,393 shares; 2025Q3: 2,986,915 shares 2,986,915$61.2M0.82%+1,739,522Timeline
PRLBPROTO LABS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 115,952 shares; 2025Q2: 1,034,171 shares; 2025Q3: 1,123,338 shares 1,123,338$56.2M0.75%+89,167Timeline
NFENEW FORTRESS ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 15,000,000 shares; 2025Q1: 24,338,675 shares; 2025Q2: 24,400,000 shares; 2025Q3: 24,767,087 shares 24,767,087$54.7M0.74%+367,087Timeline
OFIXORTHOFIX MED INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,694,946 shares; 2024Q4: 3,694,946 shares; 2025Q1: 3,694,946 shares; 2025Q2: 3,721,715 shares; 2025Q3: 3,721,715 shares 3,721,715$54.5M0.73%0Timeline
LBTYKLIBERTY GLOBAL LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,522,428 shares; 2024Q4: 3,091,881 shares; 2025Q1: 3,293,518 shares; 2025Q2: 3,289,789 shares; 2025Q3: 4,538,570 shares 4,538,570$53.3M0.72%+1,248,781Timeline
SPRYARS PHARMACEUTICALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,029,101 shares; 2025Q2: 1,294,878 shares; 2025Q3: 4,500,000 shares 4,500,000$45.2M0.61%+3,205,122Timeline
MATVMATIV HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,000,000 shares; 2024Q4: 4,000,000 shares; 2025Q1: 4,000,000 shares; 2025Q2: 3,982,442 shares; 2025Q3: 3,982,442 shares 3,982,442$45M0.6%0Timeline
CXWCORECIVIC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 393,889 shares; 2025Q2: 815,280 shares; 2025Q3: 1,961,446 shares 1,961,446$39.9M0.54%+1,146,166Timeline
ALITALIGHT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 11,646,679 shares; 2024Q4: 11,646,679 shares; 2025Q1: 17,720,813 shares; 2025Q2: 19,626,953 shares; 2025Q3: 11,398,583 shares 11,398,583$37.2M0.5%-8,228,370Timeline
HRTXHERON THERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 26,713,503 shares; 2024Q4: 26,713,503 shares; 2025Q1: 26,713,503 shares; 2025Q2: 26,713,503 shares; 2025Q3: 29,100,728 shares 29,100,728$36.7M0.49%+2,387,225Timeline
MREOMEREO BIOPHARMA GROUP PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 15,307,347 shares; 2024Q4: 15,307,347 shares; 2025Q1: 15,307,347 shares; 2025Q2: 15,307,347 shares; 2025Q3: 15,307,347 shares 15,307,347$31.5M0.42%0Timeline
ANIPANI PHARMACEUTICALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 56,671 shares; 2024Q4: 56,671 shares; 2025Q1: 56,671 shares; 2025Q2: 257,669 shares; 2025Q3: 343,414 shares 343,414$31.5M0.42%+85,745Timeline
MGTXMEIRAGTX HLDGS PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,776,321 shares; 2025Q2: 3,726,451 shares; 2025Q3: 3,726,451 shares 3,726,451$30.7M0.41%0Timeline
SCPHARMACEUTICALS INCSCPHARMACEUTICALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,775,000 shares; 2024Q4: 4,775,000 shares; 2025Q1: 4,775,000 shares; 2025Q2: 4,601,977 shares; 2025Q3: 5,101,886 shares 5,101,886$28.9M0.39%+499,909
SUPNSUPERNUS PHARMACEUTICALSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 695,039 shares; 2025Q3: 595,366 shares 595,366$28.5M0.38%-99,673Timeline
INDIVIOR PLCINDIVIOR PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 1,360,000 shares; 2025Q1: 3,530,039 shares; 2025Q2: 4,647,179 shares; 2025Q3: 1,130,961 shares 1,130,961$27.3M0.37%-3,516,218
ACHCACADIA HEALTHCARE COMPANY INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,100,000 shares 1,100,000$27.2M0.37%newTimeline
XPERXPERI INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,143,744 shares; 2024Q4: 4,143,744 shares; 2025Q1: 4,143,744 shares; 2025Q2: 4,143,744 shares; 2025Q3: 4,143,744 shares 4,143,744$26.9M0.36%0Timeline
TTITETRA TECHNOLOGIES INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 4,529,783 shares 4,529,783$26M0.35%newTimeline
CNNECANNAE HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,430,248 shares; 2024Q4: 1,430,248 shares; 2025Q1: 1,490,248 shares; 2025Q2: 2,105,864 shares; 2025Q3: 1,319,589 shares 1,319,589$24.2M0.32%-786,275Timeline
DAWNDAY ONE BIOPHARMACEUTICALS IQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 3,377,071 shares 3,377,071$23.8M0.32%newTimeline
TSATTELESAT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 959,764 shares; 2024Q4: 959,764 shares; 2025Q1: 859,512 shares; 2025Q2: 843,781 shares; 2025Q3: 843,781 shares 843,781$22.4M0.3%0Timeline
THTARGET HOSPITALITY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 852,505 shares; 2025Q1: 2,000,000 shares; 2025Q2: 2,189,456 shares; 2025Q3: 2,189,456 shares 2,189,456$18.6M0.25%0Timeline
BGBUNGE GLOBAL SAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 188,347 shares 188,347$15.3M0.21%newTimeline
PRTAPROTHENA CORP PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,540,373 shares 1,540,373$15M0.2%newTimeline
EMBCEMBECTA CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,085,529 shares; 2024Q4: 1,085,529 shares; 2025Q1: 1,087,654 shares; 2025Q2: 1,037,416 shares; 2025Q3: 1,037,416 shares 1,037,416$14.6M0.2%0Timeline
LILALIBERTY LATIN AMERICA LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,743,065 shares 1,743,065$14.5M0.19%newTimeline
SEGSEAPORT ENTMT GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 276,942 shares; 2024Q4: 573,408 shares; 2025Q1: 573,408 shares; 2025Q2: 568,530 shares; 2025Q3: 568,530 shares 568,530$13M0.17%0Timeline
MHKMOHAWK INDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 85,726 shares 85,726$11.1M0.15%newTimeline
ABUSARBUTUS BIOPHARMA CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,681,090 shares; 2024Q4: 1,681,090 shares; 2025Q1: 1,681,090 shares; 2025Q2: 1,575,376 shares; 2025Q3: 1,575,376 shares 1,575,376$7.15M0.1%0Timeline
GILGILDAN ACTIVEWEAR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 84,252 shares 84,252$4.87M0.07%newTimeline
MYPSPLAYSTUDIOS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,711,190 shares; 2024Q4: 2,711,190 shares; 2025Q1: 2,711,190 shares; 2025Q2: 2,697,384 shares; 2025Q3: 2,697,384 shares 2,697,384$2.6M0.03%0Timeline
EDSAEDESA BIOTECH INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 687,500 shares; 2025Q2: 687,500 shares; 2025Q3: 687,500 shares 687,500$1.7M0.02%0Timeline
THSTREEHOUSE FOODS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,143,664 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 70,372 shares 70,372$1.42M0.02%newTimeline
TXMDTHERAPEUTICSMD INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,192,191 shares; 2024Q4: 1,192,191 shares; 2025Q1: 1,192,191 shares; 2025Q2: 1,192,191 shares; 2025Q3: 1,192,191 shares 1,192,191$1.28M0.02%0Timeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
SPYSTATE STR SPDR S&P 500 ETF T SHSput1,400,000$933Mnew
IWMISHARES TR SHSput2,000,000$484Mnew

Principal amounts

Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).

SecurityTypeAmountValueChange
OPKO HEALTH INCOPKO HEALTH INC NOTE 3.750% 1/1principal1,250,000$1.89M0

Sold out in Q3 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
VSTVISTRA CORP1,424,803$276Mshares
XBISPDR SERIES TRUST2,000,000$166Mput
TSLATESLA INC430,000$137Mput
HIMSHIMS & HERS HEALTH INC2,000,000$99.7Mput
ADPTADAPTIVE BIOTECHNOLOGIES COR6,256,847$72.9Mshares
MR COOPER GROUP INCMR COOPER GROUP INC337,924$50.4Mshares
PCGPG&E CORP3,600,000$50.2Mshares
INTEGRAL AD SCIENCE HLDNG COINTEGRAL AD SCIENCE HLDNG CO2,971,951$24.7Mshares
CEGCONSTELLATION ENERGY CORP54,507$17.6Mshares
ZVRAZEVRA THERAPEUTICS INC1,958,318$17.3Mshares
CHRSCOHERUS ONCOLOGY INC867,800$635Kshares
OVIDOVID THERAPEUTICS INC478,533$158Kshares

How Q3 2025 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).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001104659-25-112706 base2025-11-14acceptance time not in the bulk data set