Philosophy Capital Management LLC In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 15, 2024), Philosophy Capital Management LLC reported 22 stock positions worth $652.2 million . Its top holding was Caesars Entertainment (CZR) at 12.3% of the portfolio, followed by Golar LNG (GLNG, 12.2% ) and Perrigo (PRGO, 9.5% ). Compared with Q1 2024, it opened 5 new positions, sold out of 7, added to 13 and reduced 4. The biggest buy was a new position in Talen Energy (TLN) and the biggest sale BGC Class A (BGC, shares −24% ).
Location Alamo, CA
CIK 0001869199
Portfolio Value $652.2M (Q2 2024) Holdings 22 stocks · $652.2M 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 Q1 2024 CZR Caesars Entertainment Inc. 2,023,981 $80.4M Add +144.9% GLNG Golar LNG Ltd. 2,535,796 $79.5M Add +27.7% PRGO Perrigo Co. PLC 2,402,384 $61.7M Add +75.8% TLN Talen Energy Corp. 417,735 $46.4M New BGC BGC Group Inc. Class A 5,454,185 $45.3M Reduce -24.1% ET Energy Transfer LP 2,734,317 $44.4M Add +8.2% VYX NCR Voyix Corp. 2,406,049 $29.7M Add +48.9% ALIT Alight Inc. Class A 3,828,267 $28.3M Add +210.2% TALO Talos Energy Inc. 2,224,100 $27.0M Add +111.4% KBR KBR Inc. 406,344 $26.1M Reduce -23.6% AQN Algonquin Power & Utilities 4,356,567 $25.5M Add +9.5% GEO The Geo Group Inc. 1,403,754 $20.2M Add +101.6% CASH Pathward Financial Inc. 353,662 $20.0M Reduce -17.8% PRKS United Parks & Resorts Inc. 331,302 $18.0M New TDAY USA Today Co. Inc. filed as GANNETT CO INC 3,689,720 $17.0M New BIO Bio-Rad Laboratories-A 56,769 $15.5M Add +83.7% JAZZ Jazz Pharmaceuticals PLC 134,462 $14.4M Add +10.8% BABA Alibaba Group Holding-SP ADR 178,709 $12.9M Add +2.7% DBRG Digitalbridge Group Inc. 934,373 $12.8M Add +22.3% ZUO Zuora Inc. Class A 997,797 $9.9M New COMP Compass Inc. Class A 2,561,126 $9.2M Reduce -14.7% FLUT Flutter Entertainment PLC-Di 44,721 $8.2M New
Options reported separately and not counted above: SPY puts ($680.3M), IWM puts ($162.3M), QQQ puts ($143.7M), CZR calls ($53.8M), PRGO calls ($13.0M), TDAY calls ($4.6M), PCT calls ($3.3M), GLNG calls ($1.0M).
Other holdings (1): bonds, preferreds, convertibles and warrants · $2.2M (not counted above) Security Class Shares / Principal Value Change CORZW Core Scientific Inc. - 27 *W EXP 01/23/202 487,244 $2.2M New
Total filed on the 13F, all lines: $654.4M.
Portfolio Sells Q1 2024 → Q2 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 Q1 2024 % Of Portfolio Change To Portfolio ▲ BGC BGC Group Inc. Class A Reduce -24.1% 6.94% −3.98 FIS Fidelity National Info Serv Sold out 0.00% −2.94 MRC MRC Global Inc. Sold out 0.00% −2.78 DK Delek US Holdings Inc. Sold out 0.00% −2.75 KBR KBR Inc. Reduce -23.6% 4.00% −2.63 ROIV Roivant Sciences Ltd. Sold out 0.00% −2.54 GEN Gen Digital Inc. Sold out 0.00% −2.52 AMBP Ardagh Metal Packaging SA Sold out 0.00% −1.78 NXDR Nextdoor Holdings Inc. Sold out 0.00% −1.62 CASH Pathward Financial Inc. Reduce -17.8% 3.07% −1.18 COMP Compass Inc. Class A Reduce -14.7% 1.41% −0.70
Portfolio Buys Q1 2024 → Q2 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 Q1 2024 % Of Portfolio Change To Portfolio ▼ TLN Talen Energy Corp. New 7.11% +7.11 CZR Caesars Entertainment Inc. Add +144.9% 12.33% +5.26 GLNG Golar LNG Ltd. Add +27.7% 12.19% +2.84 PRKS United Parks & Resorts Inc. New 2.76% +2.76 TDAY USA Today Co. Inc. New 2.61% +2.61 ALIT Alight Inc. Class A Add +210.2% 4.33% +1.95 ZUO Zuora Inc. Class A New 1.52% +1.52 TALO Talos Energy Inc. Add +111.4% 4.14% +1.28 FLUT Flutter Entertainment PLC-Di New 1.25% +1.25 GEO The Geo Group Inc. Add +101.6% 3.09% +1.17 PRGO Perrigo Co. PLC Add +75.8% 9.46% +0.86 VYX NCR Voyix Corp. Add +48.9% 4.56% +0.57 BIO Bio-Rad Laboratories-A Add +83.7% 2.38% +0.29 BABA Alibaba Group Holding-SP ADR Add +2.7% 1.97% −0.49 JAZZ Jazz Pharmaceuticals PLC Add +10.8% 2.20% −0.66 DBRG Digitalbridge Group Inc. Add +22.3% 1.96% −0.92 ET Energy Transfer LP Add +8.2% 6.80% −0.98 AQN Algonquin Power & Utilities Add +9.5% 3.91% −1.00
Options Activity Q1 2024 → Q2 2024 Security Type Change vs Q1 2024 Underlying Shares Value ▼ SPY SS SPDR S&P 500 ETF Trust-US put Add +150.0% 12,500 $680.3M QQQ Invesco QQQ Trust Series 1 put Reduce -50.0% 3,000 $143.7M CZR Caesars Entertainment Inc. call Add +163.6% 13,536 $53.8M PRGO Perrigo Co. PLC call Add +85.0% 5,061 $13.0M ET Energy Transfer LP call Sold out 5,835 $9.2Mbefore exit TDAY USA Today Co. Inc. call New 10,000 $4.6M PCT Purecycle Technologies Inc. call New 5,503 $3.3M PCYO Pure Cycle Corp. call Sold out 3,172 $2.0Mbefore exit GLNG Golar LNG Ltd. call Reduce -36.3% 333 $1.0M
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2024 → Q2 2024 Security Class Change vs Q1 2024 Shares / Principal Value ▼ CORZW Core Scientific Inc. - 27 *W EXP 01/23/202 New 487,244 $2.2M
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages 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