Philosophy Capital Management LLC

Alamo, CA · CIK 1869199 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 2021 · limited liability company

Assets managed$1.7bn
Staff8 · 4 in investment roles
Main clients (by assets)Private funds 91%, Charities 9%
Private funds4 (4 hedge) · $1.5bn gross assets
Websitephilosophycap.com
Form ADV · 2026-03-17SEC adviser record

Legal entityPHILOSOPHY CAPITAL MANAGEMENT LLC (US)

$1.0bn reported value +21.3% vs Q1 2026

35positions

47.8%in top 10

9 new 13 added 11 reduced 10 sold out vs Q1 2026

Options: 8 call positions ($71.0m notional), 3 put positions ($1.0bn notional) – listed below, not included above.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	COMPASS INC CL A COMP	COMP	6,727,996	$83.0m7.97%	7.97%	Reduced -47.2k	-47,201 -0.7%
2	GOLAR LNG LTD SHS GLNG	GLNG	1,018,199	$50.7m4.88%	4.88%	Added +18.2k	+18,199 1.8%
3	CORECIVIC INC COM CXW	CXW	1,647,265	$50.0m4.81%	4.81%	Reduced -511.9k	-511,873 -23.7%
4	GALAXY DIGITAL INC. CL A GLXY	GLXY	1,780,927	$48.7m4.68%	4.68%	Added +1.1m	+1,126,548 172.2%
5	VISTRA CORP COM VST	VST	304,400	$48.3m4.64%	4.64%	Added +60.0k	+60,000 24.6%
6	ENERGY TRANSFER L P COM UT LTD PTN ET	ET	2,420,488	$46.3m4.45%	4.45%	Added +152.6k	+152,560 6.7%
7	STAR BULK CARRIERS CORP. SHS PAR SBLK	SBLK	1,752,666	$43.8m4.20%	4.20%	Reduced -121.8k	-121,752 -6.5%
8	PROPETRO HLDG CORP COM PUMP	PUMP	2,964,348	$42.5m4.08%	4.08%	Added +680.8k	+680,775 29.8%
9	HUDSON PACIFIC PROPERTIES IN COM HPP	HPP	2,764,454	$42.0m4.03%	4.03%	Reduced -781.5k	-781,517 -22.0%
10	NOKIA CORP SPONSORED ADR NOK	NOK	3,150,000	$41.8m4.02%	4.02%	Added +650.0k	+650,000 26.0%
11	CORPAY INC COM SHS CPAY	CPAY	113,079	$37.7m3.62%	3.62%	Reduced -6.4k	-6,370 -5.3%
12	GANNETT CO INC COM TDAY	TDAY	4,300,000	$36.8m3.53%	3.53%	Unchanged
13	ROCKET COS INC COM CL A RKT	RKT	2,222,220	$35.0m3.36%	3.36%	Added +222.2k	+222,220 11.1%
14	GEO GROUP INC NEW COM GEO	GEO	1,122,440	$33.2m3.19%	3.19%	Reduced -598.2k	-598,226 -34.8%
15	TOAST INC CL A TOST	TOST	1,150,000	$32.0m3.07%	3.07%	New
16	NINE ENERGY SERVICE INC COMMON STOCK NINE	NINE	2,377,783	$30.9m2.97%	2.97%	Reduced -173.3k	-173,345 -6.8%
17	GDS HLDGS LTD SPONSORED ADS GDS	GDS	1,018,658	$30.6m2.94%	2.94%	Added +436.0k	+435,996 74.8%
18	KYIVSTAR GROUP LTD ORD SHS KYIV	KYIV	1,746,889	$28.2m2.71%	2.71%	Added +94.7k	+94,744 5.7%
19	BELLRING BRANDS INC COMMON STOCK BRBR	BRBR	2,100,726	$27.2m2.61%	2.61%	Added +979.5k	+979,509 87.4%
20	TALEN ENERGY CORP COM TLN	TLN	65,000	$25.0m2.40%	2.40%	Reduced -3.3k	-3,315 -4.8%
21	KILROY RLTY CORP COM KRC	KRC	651,947	$24.4m2.35%	2.35%	Reduced -98.1k	-98,053 -13.1%
22	PG&E CORP COM PCG	PCG	1,342,572	$22.6m2.17%	2.17%	Added +84.0k	+83,969 6.7%
23	HIMS & HERS HEALTH INC COM CL A HIMS	HIMS	570,802	$19.8m1.90%	1.90%	Added +220.8k	+220,802 63.1%
24	HCA HEALTHCARE INC COM HCA	HCA	50,000	$19.5m1.87%	1.87%	New
25	CAMPING WORLD HLDGS INC CL A CWH	CWH	2,405,505	$18.4m1.76%	1.76%	Reduced -253.4k	-253,372 -9.5%
26	TRIMBLE INC COM TRMB	TRMB	358,092	$18.3m1.76%	1.76%	New
27	ADOBE INC COM ADBE	ADBE	70,000	$14.4m1.38%	1.38%	New
28	TALOS ENERGY INC COM TALO	TALO	1,050,000	$13.6m1.30%	1.30%	New
29	GUARDIAN METAL RES PLC SPONSORED ADS GMTL	GMTL	871,708	$12.2m1.17%	1.17%	New
30	AMERICAN EXCEPTIONALISM ACQU ORD CL A AEXA	AEXA	1,004,367	$11.9m1.14%	1.14%	Unchanged
31	MARAVAI LIFESCIENCES HLDGS I COM CL A MRVI	MRVI	1,900,000	$11.9m1.14%	1.14%	Reduced -737.1k	-737,117 -27.9%
32	BAIDU INC SPON ADR REP A BIDU	BIDU	100,000	$11.4m1.10%	1.10%	New
33	VENTURE GLOBAL INC COM CL A VG	VG	980,000	$10.9m1.05%	1.05%	New
34	GRINDR INC COM GRND	GRND	713,100	$10.2m0.98%	0.98%	New
35	SHARPLINK INC COM NEW SBET	SBET	1,633,918	$7.8m0.75%	0.75%	Added +100.0k	+100,000 6.5%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
MICROSOFT CORP MSFT	MSFT	90,000	$33.3m90.0k shares
ELASTIC N V ESTC	ESTC	635,010	$31.7m635.0k shares
SOLVENTUM CORP SOLV	SOLV	356,997	$23.3m357.0k shares
MERCURY GENL CORP NEW MCY	MCY	257,296	$22.7m257.3k shares
FLUTTER ENTMT PLC FLUT	FLUT	214,437	$21.9m214.4k shares
PVH CORPORATION PVH	PVH	209,410	$14.6m209.4k shares
ICON PLC ICLR	ICLR	111,015	$12.3m111.0k shares
NEXTNAV INC NN	NN	550,000	$8.8m550.0k shares
HOMESTREET INC MCHB	MCHB	582,001	$8.6m582.0k shares
ORTHOFIX MED INC OFIX	OFIX	558,901	$6.4m558.9k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
INVESCO QQQ TR QQQ · Put	QQQ	Put	5,500	$405.0m5.5k shares	Added
ISHARES TR IWM · Put	IWM	Put	10,000	$300.4m10.0k shares	Reduced
SPDR S&P 500 ETF TR SPY · Put	SPY	Put	4,000	$298.7m4.0k shares	Added
SELECT SECTOR SPDR TR XLE · Call	XLE	Call	5,500	$29.2m5.5k shares	New
NOKIA CORP NOK · Call	NOK	Call	10,000	$13.3m10.0k shares	New
COMPASS INC COMP · Call	COMP	Call	10,116	$12.5m10.1k shares	Unchanged
CORECIVIC INC CXW · Call	CXW	Call	3,000	$9.1m3.0k shares	Unchanged
CAMPING WORLD HLDGS INC CWH · Call	CWH	Call	5,421	$4.1m5.4k shares	Added
HUDSON PACIFIC PROPERTIES IN HPP · Call	HPP	Call	10,165	$2.2m10.2k shares	Unchanged
NEXTNAV INC NN · Call	NN	Call	232	$413.7k232 shares	New
GEO GROUP INC NEW GEO · Call	GEO	Call	45	$133.0k45 shares	New

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
NINE ENERGY SERVICE INC NINE · 13G · filed 2026-08-14	NINE	17.0%≈ $30.9m	-1.3 pts	13G	2026-08-14
HUDSON PACIFIC PROPERTIES IN HPP · 13G · filed 2026-08-14	HPP	5.4%≈ $44.2m	-1.4 pts	13G	2026-08-14