Rubric Capital Management: Platform Profile

Overview

Rubric Capital Management is a New York alternative investment manager using a value-oriented long/short approach. Current manager databases describe a strategy built around deep-value long ideas, a dedicated alpha-oriented short book, fundamental research and relatively low net exposure.

Rubric has also used public activist and engaged-ownership tools in selected situations. That does not make every investment an activist campaign.

May fit better for

• qualified investors seeking fundamental long/short equity exposure;
• allocators interested in value-oriented stock selection;
• investors comfortable with short selling and active ownership;
• investors able to tolerate concentrated security-specific risk;
• users who understand why 13F can exceed regulatory AUM.

May fit less well for

• retail users seeking public self-service hedge-fund access;
• investors seeking passive index exposure;
• users who interpret a low-net objective as guaranteed low volatility;
• investors who treat 13F value as firm NAV;
• investors expecting one public minimum or fee schedule.

Rubric is SEC registered

• Legal adviser: Rubric Capital Management LP
• CRD: 285090
• SEC number: 801-108413
• SEC registered investment adviser: Yes

Current regulatory AUM is $9.581B

Current March 30, 2026 Form-ADV-derived data:

• Regulatory AUM: $9.581B
• Regulatory AUM exact: $9,581,125,895
• Regulatory AUM as of: 2026-03-30
• Discretionary AUM: $9.581B
• Client accounts: 9

Q2 2026 13F value is $10.901B

Regulatory filings show:

• Q2 2026 13F value: $10.901B
• Q2 2026 13F as of: 2026-06-30
• Q2 2026 13F holding count: 87
• Q2 2026 13F filing ID: 000110465926097098

Why the 13F can exceed RAUM

A 13F is a regulatory report of specified long securities and certain options. It is not investor NAV and does not net long and short economic exposure.

Do not publish “Rubric manages $10.9B” based solely on the Q2 filing.

Strategy is value-oriented long/short

Current manager-database descriptions based on regulatory and industry information support:

• Value oriented: Yes
• Long short: Yes
• Fundamental research: Yes
• Deep value long book: Yes
• Alpha short book: Yes
• Low net exposure objective: Yes
• Multi year perspective: Yes
• Equity and debt capability: Yes

Active ownership is a capability, not the entire strategy

Rubric has filed activist ownership reports and engaged publicly with selected portfolio companies.

Current private-fund GAV is about $9.1B

Current Form-ADV-derived fund data:

• Private fund count: 4
• Private fund gross assets: $9.1B
• Rubric Capital Master Fund gross assets: $8.7B

Gross fund assets and RAUM are different regulatory measures even when they are close.

Universal terms remain undisclosed

• Public self service retail signup: No

Assessment

Rubric's Q2 13F exceeds its March regulatory AUM, but that does not mean the firm's AUM is $10.9B.

The filing, RAUM and private-fund GAV are three different regulatory views of a long/short platform.