Philosophy Capital Management LLC In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Philosophy Capital Management LLC reported 24 stock positions worth $511.2 million . Its top holding was BGC Class A (BGC) at 10.9% of the portfolio, followed by Golar LNG (GLNG, 9.3% ) and Perrigo (PRGO, 8.6% ). Compared with Q4 2023, it opened 4 new positions, sold out of 5, added to 9 and reduced 11. The biggest buy was Perrigo (PRGO, shares +127% ) and the biggest sale an exit from Spirit Airlines (SAVEQ).
Location Alamo, CA
CIK 0001869199
Portfolio Value $511.2M (Q1 2024) Holdings 24 stocks · $511.2M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2023 BGC BGC Group Inc. Class A 7,182,808 $55.8M Reduce -17.8% GLNG Golar LNG Ltd. 1,986,093 $47.8M Reduce -2.7% PRGO Perrigo Co. PLC 1,366,262 $44.0M Add +127.3% ET Energy Transfer LP 2,527,744 $39.8M Reduce -0.8% CZR Caesars Entertainment Inc. 826,413 $36.1M Add +3.1% KBR KBR Inc. 532,049 $33.9M Reduce -12.3% AQN Algonquin Power & Utilities 3,978,379 $25.1M Add +5.4% CASH Pathward Financial Inc. 430,191 $21.7M Reduce -1.8% VYX NCR Voyix Corp. 1,615,398 $20.4M Add +107.6% FIS Fidelity National Info Serv 202,748 $15.0M Reduce -59.7% DBRG Digitalbridge Group Inc. 764,009 $14.7M Add +92.7% TALO Talos Energy Inc. 1,052,279 $14.7M Add +10.1% JAZZ Jazz Pharmaceuticals PLC 121,313 $14.6M New MRC MRC Global Inc. 1,129,867 $14.2M Reduce -18.0% DK Delek US Holdings Inc. 457,496 $14.1M Reduce -58.6% ROIV Roivant Sciences Ltd. 1,230,000 $13.0M Add +52.1% GEN Gen Digital Inc. 574,500 $12.9M Reduce -15.7% BABA Alibaba Group Holding-SP ADR 174,063 $12.6M Add +25.2% ALIT Alight Inc. Class A 1,234,251 $12.2M New COMP Compass Inc. Class A 3,002,457 $10.8M New BIO Bio-Rad Laboratories-A 30,900 $10.7M New GEO The Geo Group Inc. 696,200 $9.8M Add +431.4% AMBP Ardagh Metal Packaging SA 2,649,389 $9.1M Reduce -42.4% NXDR Nextdoor Holdings Inc. 3,679,072 $8.3M Reduce -17.4%
Options reported separately and not counted above: QQQ puts ($266.4M), SPY puts ($261.5M), IWM puts ($168.2M), CZR calls ($22.5M), ET calls ($9.2M), PRGO calls ($8.8M), PCYO calls ($2.0M), GLNG calls ($1.3M).
Portfolio Sells Q4 2023 → Q1 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▲ SAVEQ Spirit Airlines Inc. Sold out 0.00% −3.33 FIS Fidelity National Info Serv Reduce -59.7% 2.94% −3.16 DK Delek US Holdings Inc. Reduce -58.6% 2.75% −3.01 BGC BGC Group Inc. Class A Reduce -17.8% 10.92% −1.83 AMBP Ardagh Metal Packaging SA Reduce -42.4% 1.78% −1.79 JD Jd.com Inc.-ADR Sold out 0.00% −1.66 PTON Peloton Interactive Inc. Class A Sold out 0.00% −1.44 TSAT Telesat Corp. Sold out 0.00% −1.41 GEN Gen Digital Inc. Reduce -15.7% 2.52% −0.62 MERSANA THERAPEUTICS INC Sold out 0.00% −0.59 CASH Pathward Financial Inc. Reduce -1.8% 4.25% −0.43 MRC MRC Global Inc. Reduce -18.0% 2.78% −0.29 KBR KBR Inc. Reduce -12.3% 6.63% −0.17 GLNG Golar LNG Ltd. Reduce -2.7% 9.35% −0.13 NXDR Nextdoor Holdings Inc. Reduce -17.4% 1.62% −0.08 ET Energy Transfer LP Reduce -0.8% 7.78% +0.68
Portfolio Buys Q4 2023 → Q1 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▼ PRGO Perrigo Co. PLC Add +127.3% 8.60% +4.70 JAZZ Jazz Pharmaceuticals PLC New 2.86% +2.86 ALIT Alight Inc. Class A New 2.38% +2.38 COMP Compass Inc. Class A New 2.11% +2.11 BIO Bio-Rad Laboratories-A New 2.09% +2.09 GEO The Geo Group Inc. Add +431.4% 1.92% +1.64 DBRG Digitalbridge Group Inc. Add +92.7% 2.88% +1.47 VYX NCR Voyix Corp. Add +107.6% 3.99% +1.33 ROIV Roivant Sciences Ltd. Add +52.1% 2.54% +0.70 BABA Alibaba Group Holding-SP ADR Add +25.2% 2.46% +0.29 TALO Talos Energy Inc. Add +10.1% 2.87% +0.12 AQN Algonquin Power & Utilities Add +5.4% 4.92% +0.10 CZR Caesars Entertainment Inc. Add +3.1% 7.07% −0.52
Options Activity Q4 2023 → Q1 2024 Security Type Change vs Q4 2023 Underlying Shares Value ▼ QQQ Invesco QQQ Trust Series 1 put Add +71.4% 6,000 $266.4M IWM iShares Russell 2000 ETF put Reduce -33.3% 8,000 $168.2M CZR Caesars Entertainment Inc. call Add +2.7% 5,135 $22.5M XBI SS SPDR S&P Biotech ETF call Sold out 2,500 $22.3Mbefore exit ET Energy Transfer LP call Reduce -56.3% 5,835 $9.2M PRGO Perrigo Co. PLC call New 2,736 $8.8M BGC BGC Group Inc. Class A call Sold out 11,100 $8.0Mbefore exit TALO Talos Energy Inc. call Sold out 4,500 $6.4Mbefore exit PCYO Pure Cycle Corp. call New 3,172 $2.0M GLNG Golar LNG Ltd. call Reduce -92.9% 523 $1.3M
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 35 $1.0B COMP, GLNG, CXW, GLXY, VST Q1 2026 36 $858.1M GLNG, COMP, ET, SBLK, CXW Q4 2025 34 $854.1M GLNG, COMP, ET, KRC, PUMP Q3 2025 38 $864.0M GLNG, TLN, CZR, KRC, ET Q2 2025 33 $794.1M GLNG, CZR, TLN, ET, TALO Q1 2025 33 $750.5M GLNG, CZR, ET, TALO, TLN Q4 2024 30 $741.4M GLNG, CZR, ET, PRGO, TALO Q3 2024 23 $721.7M GLNG, CZR, TLN, PRGO, ET Q2 2024 Amended 22 $652.2M CZR, GLNG, PRGO, TLN, BGC Q1 2024 24 $511.2M BGC, GLNG, PRGO, ET, CZR