The Dust of Rubrik: A Migration in the Market\’s Desert
The sale was not a hasty retreat but a calculated exodus. With Rubrik’s price-to-sales ratio bloated from 7 to 15 in a year, the fund’s exit felt less like a betrayal and more like a harvest reaped before the rains failed. By quarter’s end, their position in Rubrik had withered to zero, leaving behind only the ghost of a 7% allocation in their portfolio’s ledger.