What smart money is saying about Rubrik, Inc.
4 funds in our archive have pitched Rubrik, Inc. — most recently Baron SMID Cap ETF in September 2026.
Rubrik, Inc. operates as a global provider of advanced data security solutions, catering to a wide range of individuals and businesses. The company's comprehensive suite of offerings addresses various aspects of data protection, including securing enterprise data, unstructured data, cloud environments, and Software-as-a-Service (SaaS) applications. Beyond foundational protection, Rubrik also furnishes tools for data threat analytics, assessing an organization's security posture, and critical cyber recovery capabilities to aid in post-incident remediation. Rubrik serves an extensive array of sectors, counting financial services, retail, trade, transportation, energy, industrial, healthcare, life sciences, education, technology, media, communications, and government entities among its clientele. Established in 2013, the company was initially known as Scaledata, Inc., rebranding to Rubrik, Inc. in October 2014. Its corporate headquarters are situated in Palo Alto, California.
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Fund signal · last 12 months
13 lettersMore funds are buying than selling
Moves described in fund letters in our archive. A sentence published word for word by several funds of one house in the same quarter counts once.
Position history
Between Q1 2026 and Q3 2026, 13 fund letters reported a position in Rubrik, Inc., with 6 buys (opened or added) and 1 sell (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 6 | 1 | 1 | 2 |
| Q2 2026 | 7 | 5 | 0 | 1 |
| Q1 2026 | 0 | 0 | 0 | 1 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 13 positions · 7 moves
- HoldsBaron SMID Cap ETFSeptember 2026
“Shares of Rubrik, Inc., a cybersecurity and data resilience platform, contributed to performance as a rising tide in cybersecurity spending lifted the name.”
Rubrik, Inc. - September 2026
“IT also contributed meaningfully, as strength in software and data storage holdings more than offset weakness in semiconductors. Everpure, a provider of enterprise data storage solutions, was our top individual contributor after securing a second top-five hyperscaler design win, as well as delivering a large beat-and-raise quarter on AI- driven storage demand. Rubrik and Dynatrace benefited from accelerating growth and heightened focus on cyber resilience and AI observability, respectively.”
Rubrik, Inc. - September 2026
“As AI moves from capacity buildout toward broader enterprise deployment, we are also shifting some capital toward businesses positioned to benefit from its operationalization. Some of the strongest AI-related performance of late has come from infrastructure and security software companies such as Okta and Rubrik, where there is growing evidence that AI adoption is accelerating demand for their services.”
Rubrik, Inc. - September 2026
“Some of the strongest AI-related performance of late has come from infrastructure and security software companies such as Okta and Rubrik, where there is growing evidence that AI adoption is accelerating demand for their services.”
Rubrik, Inc. - September 2026
Listed in JAG Capital Management Small Mid Cap Growth Strategy’s reported holdings.
Rubrik, Inc. - TrimmedBaron Discovery FundSeptember 2026
“We sold our position in Wingstop Inc. during the quarter to allocate the proceeds into other restaurant companies where we felt there was better upside potential. We trimmed positions in Rubrik, Inc. and CareDx, Inc. after significant share price gains (up 43.4% and 129.7%, respectively) lifted them to outsized weightings in the Fund.”
Rubrik, Inc. - June 2026
Listed in Baron SMID Cap Strategy’s reported holdings.
Rubrik, Inc. - New positionBaron Discovery StrategyJune 2026
“We initiated a position in Rubrik, Inc., a subscription software company focused on automating backup, storage, and recovery of corporate data, as well as creating resilience to cyberattacks on that data.”
Rubrik, Inc. - New positionBaron Discovery FundJune 2026
“We initiated a position in Rubrik, Inc. , a subscription software company focused on automating backup, storage, and recovery of corporate data, as well as creating resilience to cyberattacks on that data.”
Rubrik, Inc. - HoldsBaron SMID Cap ETFJune 2026
“Rubrik, Inc. 2025 1.1 3.2”
Rubrik, Inc. - June 2026
“We continue to run a high-conviction portfolio with an emphasis on the secular trends cited and listed. Among others, during the second quarter we initiated or added to the following positions: • Semiconductors and cloud compute services: Micron Technology, Inc. and Cerebras Systems Inc. • Power generation and energy infrastructure/aerospace: Fervo Energy Company and DPC Holdings Limited • Digital content, commerce, and AI services: Alphabet Inc., Spotify Technology S.A., and Shopify Inc. • Health care real estate and digital services: Welltower Inc. • Cybersecurity and systems software: Rubrik, Inc., CrowdStrike Holdings, Inc., and Cloudflare, Inc.”
Rubrik, Inc. - June 2026
“we've also continued to search for software companies that have been unfairly discounted, for example, adding to Rubrik,”
Rubrik, Inc. - June 2026
“We've also continued to search for software companies that have been unfairly discounted, for example, adding to Rubrik, where cyber resilience and data security is becoming even more important as enterprises use more data and AI, it adds complexity.”
Rubrik, Inc.
Fund coverage · 4 theses
- Baron SMID Cap ETFSeptember 2026
Rubrik is a cybersecurity and data resilience platform benefiting from rising cyber resilience spending, with strong ARR growth and expanding margins supporting high long-term conviction.
Read the full thesis - Baron Discovery FundSeptember 2026
Rubrik's unified cyber resilience platform is a direct beneficiary of rising security spending, with reaccelerating subscription ARR and expanding margins.
Read the full thesis - Baron Discovery StrategyJune 2026
Rubrik, Inc. provides subscription software for data backup and cyber resilience and was viewed as attractively valued with strong free cash flow growth and a competitive advantage.
Read the full thesis - Baron Opportunity FundMarch 2026
Rubrik is a cyber resilience platform with strong market share gains, AI-driven threat exposure, and improving profitability.
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