# Philosophy Capital Management LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1869199. Source: https://holderbook.com/funds/1869199-philosophy-capital-management-llc/

- Reported value: $2.1B
- Positions: 40
- Weight of the ten largest: 66.5%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $405.0M | 0 | 19.1% | 6 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $300.4M | 0 | 14.2% | 15 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $298.7M | 0 | 14.1% | 15 |
| COMPASS INC | [COMP](https://holderbook.com/stocks/COMP/) | $95.4M | 6,727,996 | 4.5% | 4 |
| CORECIVIC INC | [CXW](https://holderbook.com/stocks/CXW/) | $59.2M | 1,647,265 | 2.8% | 5 |
| NOKIA CORP | [NOK](https://holderbook.com/stocks/NOK/) | $55.1M | 3,150,000 | 2.6% | 2 |
| GOLAR LNG LTD | [GLNG](https://holderbook.com/stocks/GLNG/) | $50.7M | 1,018,199 | 2.4% | 19 |
| GALAXY DIGITAL INC. | [GLXY](https://holderbook.com/stocks/GLXY/) | $48.7M | 1,780,927 | 2.3% | 5 |
| VISTRA CORP | [VST](https://holderbook.com/stocks/VST/) | $48.3M | 304,400 | 2.3% | 3 |
| ENERGY TRANSFER L P | [ET](https://holderbook.com/stocks/ET/) | $46.3M | 2,420,488 | 2.2% | 19 |
| HUDSON PACIFIC PROPERTIES IN | [HPP](https://holderbook.com/stocks/HPP/) | $44.2M | 2,764,454 | 2.1% | 3 |
| STAR BULK CARRIERS CORP. | [SBLK](https://holderbook.com/stocks/SBLK/) | $43.8M | 1,752,666 | 2.1% | 8 |
| PROPETRO HLDG CORP | [PUMP](https://holderbook.com/stocks/PUMP/) | $42.5M | 2,964,348 | 2.0% | 7 |
| CORPAY INC | [CPAY](https://holderbook.com/stocks/CPAY/) | $37.7M | 113,079 | 1.8% | 8 |
| USA TODAY CO INC | [TDAY](https://holderbook.com/stocks/TDAY/) | $36.8M | 4,300,000 | 1.7% | 9 |
| ROCKET COS INC | [RKT](https://holderbook.com/stocks/RKT/) | $35.0M | 2,222,220 | 1.7% | 4 |
| GEO GROUP INC | [GEO](https://holderbook.com/stocks/GEO/) | $33.3M | 1,122,440 | 1.6% | 11 |
| TOAST INC | [TOST](https://holderbook.com/stocks/TOST/) | $32.0M | 1,150,000 | 1.5% | 1 |
| NINE ENERGY SERVICE INC | [NINE](https://holderbook.com/stocks/NINE/) | $30.9M | 2,377,783 | 1.5% | 2 |
| GDS HLDGS LTD | [GDS](https://holderbook.com/stocks/GDS/) | $30.6M | 1,018,658 | 1.4% | 3 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $29.2M | 0 | 1.4% | 1 |
| KYIVSTAR GROUP LTD | [KYIV](https://holderbook.com/stocks/KYIV/) | $28.2M | 1,746,889 | 1.3% | 2 |
| BELLRING BRANDS INC | [BRBR](https://holderbook.com/stocks/BRBR/) | $27.2M | 2,100,726 | 1.3% | 2 |
| TALEN ENERGY CORP | [TLN](https://holderbook.com/stocks/TLN/) | $25.0M | 65,000 | 1.2% | 9 |
| KILROY REALTY CORP | [KRC](https://holderbook.com/stocks/KRC/) | $24.4M | 651,947 | 1.2% | 5 |
| PG&E CORP | [PCG](https://holderbook.com/stocks/PCG/) | $22.6M | 1,342,572 | 1.1% | 5 |
| CAMPING WORLD HLDGS INC | [CWH](https://holderbook.com/stocks/CWH/) | $22.5M | 2,405,505 | 1.1% | 3 |
| HIMS & HERS HEALTH INC | [HIMS](https://holderbook.com/stocks/HIMS/) | $19.8M | 570,802 | 0.9% | 2 |
| HCA HEALTHCARE INC | [HCA](https://holderbook.com/stocks/HCA/) | $19.5M | 50,000 | 0.9% | 1 |
| TRIMBLE INC | [TRMB](https://holderbook.com/stocks/TRMB/) | $18.3M | 358,092 | 0.9% | 1 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $14.4M | 70,000 | 0.7% | 1 |
| TALOS ENERGY INC | [TALO](https://holderbook.com/stocks/TALO/) | $13.6M | 1,050,000 | 0.6% | 1 |
| GUARDIAN METAL RES PLC | [GMTL](https://holderbook.com/stocks/GMTL/) | $12.2M | 871,708 | 0.6% | 1 |
| AMERICAN EXCEPTIONALISM ACQU | [AEXA](https://holderbook.com/stocks/AEXA/) | $11.9M | 1,004,367 | 0.6% | 4 |
| MARAVAI LIFESCIENCES HLDGS I | [MRVI](https://holderbook.com/stocks/MRVI/) | $11.9M | 1,900,000 | 0.6% | 6 |
| BAIDU INC | [BIDU](https://holderbook.com/stocks/BIDU/) | $11.4M | 100,000 | 0.5% | 1 |
| VENTURE GLOBAL INC | [VG](https://holderbook.com/stocks/VG/) | $10.9M | 980,000 | 0.5% | 1 |
| GRINDR INC | [GRND](https://holderbook.com/stocks/GRND/) | $10.2M | 713,100 | 0.5% | 1 |
| SHARPLINK INC | [SBET](https://holderbook.com/stocks/SBET/) | $7.8M | 1,633,918 | 0.4% | 4 |
| NEXTNAV INC | [NN](https://holderbook.com/stocks/NN/) | $413.7K | 0 | 0.0% | 4 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +24.2% | +14.8% | +9.4% | 98% |
| Q1 2026 | +0.8% | -4.6% | +5.5% | 94% |
| Q4 2025 | -1.9% | +2.4% | -4.3% | 92% |
| Q3 2025 | +5.1% | +7.8% | -2.8% | 95% |
| Q2 2025 | +2.3% | +10.5% | -8.1% | 96% |
| Q1 2025 | -8.5% | -4.6% | -3.9% | 96% |
| Q4 2024 | +3.1% | +2.1% | +1.0% | 93% |
| Q3 2024 | +11.0% | +5.4% | +5.6% | 90% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $2.1B | 40 |
| Q1 2026 | $1.6B | 39 |
| Q4 2025 | $2.2B | 38 |
| Q3 2025 | $2.4B | 42 |
| Q2 2025 | $2.0B | 36 |
| Q1 2025 | $1.4B | 36 |
| Q4 2024 | $1.6B | 35 |
| Q3 2024 | $1.3B | 28 |
| Q2 2024 | $1.7B | 27 |
| Q1 2024 | $1.3B | 28 |
| Q4 2023 | $1.2B | 29 |
| Q3 2023 | $914.6M | 28 |