Rubicon Founders LLC

Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.

Reported portfolio value by quarter (11 quarters reported)

$213M $100M

Q4 23 Q3 24 Q2 25 Q1 26 Q2 26

$120M in Q4 2023 → $196M now. Hover for any quarter.

Holdings

As reported for the quarter ended June 30, 2026. Activity is the change in share count since the prior quarter's filing.

Holding	% of portfolio	Activity	Shares	Value
Privia Health Group Inc	78.2%	Added 0.4%	5,971,079	$154M
Evolent Health Inc	16.0%	Unchanged	5,816,123	$31.5M
Agilon Health Inc	5.7%	Trimmed 58%	105,341	$11.3M

What changed each quarter, from the filings' own share counts. Largest moves first; most recent 8 quarters.

quarter ended June 30, 2026 · filed August 14, 2026

Company	Action	Shares changed	Value of change	% of portfolio
Agilon Health Inc	Trimmed	−146,354	−$15.7M	5.7%
Privia Health Group Inc	Added	+22,415	+$577K	78.2%

quarter ended March 31, 2026 · filed May 15, 2026

Company	Action	Shares changed	Value of change	% of portfolio
Agilon Health Inc	Trimmed	−6,040,701	−$47.8M	1.4%
Privia Health Group Inc	Added	+175,142	+$3.6M	88.9%

quarter ended December 31, 2025 · filed May 15, 2026

No position changes this quarter.

quarter ended September 30, 2025 · filed May 15, 2026

No position changes this quarter.

quarter ended June 30, 2025 · filed May 15, 2026

Company	Action	Shares changed	Value of change	% of portfolio
Evolent Health Inc	Added	+5,162,600	+$58.1M	30.8%
Agilon Health Inc	Added	+102,131	+$235K	6.8%

quarter ended March 31, 2025 · filed May 15, 2026

Company	Action	Shares changed	Value of change	% of portfolio
Agilon Health Inc	New	+6,190,265	+$26.8M	16.5%
Evolent Health Inc	New	+653,523	+$6.19M	3.8%

quarter ended December 31, 2024 · filed February 12, 2025

No position changes this quarter.

quarter ended September 30, 2024 · filed November 14, 2024

No position changes this quarter.

Comments