Philosophy Capital Management LLC In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Philosophy Capital Management LLC reported 23 stock positions worth $721.7 million . Its top holding was Golar LNG (GLNG) at 12.5% of the portfolio, followed by Caesars Entertainment (CZR, 12.0% ) and Talen Energy (TLN, 8.1% ). Compared with Q2 2024, it opened 4 new positions, sold out of 3, added to 10 and reduced 9. The biggest buy was a new position in Star Bulk Carriers (SBLK) and the biggest sale BGC Class A (BGC, shares −46% ).
Location Alamo, CA
CIK 0001869199
Portfolio Value $721.7M (Q3 2024) Holdings 23 stocks · $721.7M 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 Q2 2024 GLNG Golar LNG Ltd. 2,452,027 $90.1M Reduce -3.3% CZR Caesars Entertainment Inc. 2,083,390 $87.0M Add +2.9% TLN Talen Energy Corp. 328,591 $58.6M Reduce -21.3% PRGO Perrigo Co. PLC 1,847,537 $48.5M Reduce -23.1% ET Energy Transfer LP 2,759,085 $44.3M Add +0.9% VYX NCR Voyix Corp. 3,094,733 $42.0M Add +28.6% TALO Talos Energy Inc. 3,065,514 $31.7M Add +37.8% ALIT Alight Inc. Class A 3,710,304 $27.5M Reduce -3.1% BGC BGC Group Inc. Class A 2,945,138 $27.0M Reduce -46.0% TDAY USA Today Co. Inc. filed as GANNETT CO INC 4,442,028 $25.0M Add +20.4% SBLK Star Bulk Carriers Corp. 1,048,628 $24.8M New FLUT Flutter Entertainment PLC-Di 100,000 $23.7M Add +123.6% AQN Algonquin Power & Utilities 4,344,266 $23.7M Reduce -0.3% DK Delek US Holdings Inc. 1,145,132 $21.5M New GEO The Geo Group Inc. 1,644,005 $21.1M Add +17.1% BIO Bio-Rad Laboratories-A 59,147 $19.8M Add +4.2% PRKS United Parks & Resorts Inc. 386,004 $19.5M Add +16.5% BABA Alibaba Group Holding-SP ADR 173,193 $18.4M Reduce -3.1% JAZZ Jazz Pharmaceuticals PLC 150,147 $16.7M Add +11.7% CPAY Corpay Inc. 50,962 $15.9M New CASH Pathward Financial Inc. 234,606 $15.5M Reduce -33.7% KBR KBR Inc. 189,204 $12.3M Reduce -53.4% JAKK Jakks Pacific Inc. 278,415 $7.1M New
Options reported separately and not counted above: SPY puts ($336.2M), IWM puts ($143.6M), CZR calls ($34.4M), PRGO calls ($13.1M), ZIM calls ($6.4M), TDAY calls ($4.3M), AGNT puts ($2.2M), PCT calls ($1.9M).
Portfolio Sells Q2 2024 → Q3 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 Q2 2024 % Of Portfolio Change To Portfolio ▲ BGC BGC Group Inc. Class A Reduce -46.0% 3.75% −3.20 PRGO Perrigo Co. PLC Reduce -23.1% 6.71% −2.74 KBR KBR Inc. Reduce -53.4% 1.71% −2.29 DBRG Digitalbridge Group Inc. Sold out 0.00% −1.96 ZUO Zuora Inc. Class A Sold out 0.00% −1.52 COMP Compass Inc. Class A Sold out 0.00% −1.41 CASH Pathward Financial Inc. Reduce -33.7% 2.15% −0.92 AQN Algonquin Power & Utilities Reduce -0.3% 3.28% −0.63 ALIT Alight Inc. Class A Reduce -3.1% 3.80% −0.53 GLNG Golar LNG Ltd. Reduce -3.3% 12.49% +0.30 BABA Alibaba Group Holding-SP ADR Reduce -3.1% 2.55% +0.57 TLN Talen Energy Corp. Reduce -21.3% 8.12% +1.00
Portfolio Buys Q2 2024 → Q3 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 Q2 2024 % Of Portfolio Change To Portfolio ▼ SBLK Star Bulk Carriers Corp. New 3.44% +3.44 DK Delek US Holdings Inc. New 2.98% +2.98 CPAY Corpay Inc. New 2.21% +2.21 FLUT Flutter Entertainment PLC-Di Add +123.6% 3.29% +2.04 VYX NCR Voyix Corp. Add +28.6% 5.82% +1.26 JAKK Jakks Pacific Inc. New 0.98% +0.98 TDAY USA Today Co. Inc. Add +20.4% 3.46% +0.85 BIO Bio-Rad Laboratories-A Add +4.2% 2.74% +0.36 TALO Talos Energy Inc. Add +37.8% 4.40% +0.25 JAZZ Jazz Pharmaceuticals PLC Add +11.7% 2.32% +0.12 PRKS United Parks & Resorts Inc. Add +16.5% 2.71% −0.05 GEO The Geo Group Inc. Add +17.1% 2.93% −0.16 CZR Caesars Entertainment Inc. Add +2.9% 12.05% −0.28 ET Energy Transfer LP Add +0.9% 6.14% −0.66
Options Activity Q2 2024 → Q3 2024 Security Type Change vs Q2 2024 Underlying Shares Value ▼ SPY SS SPDR S&P 500 ETF Trust-US put Reduce -53.1% 5,860 $336.2M QQQ Invesco QQQ Trust Series 1 put Sold out 3,000 $143.7Mbefore exit IWM iShares Russell 2000 ETF put Reduce -18.8% 6,500 $143.6M CZR Caesars Entertainment Inc. call Reduce -39.1% 8,239 $34.4M PRGO Perrigo Co. PLC call Reduce -1.7% 4,976 $13.1M ZIM Zim Integrated Shipping Serv call New 2,500 $6.4M TDAY USA Today Co. Inc. call Reduce -23.4% 7,665 $4.3M AGNT Agnt Inc. put New 1,579 $2.2M PCT Purecycle Technologies Inc. call Reduce -63.7% 2,000 $1.9M GLNG Golar LNG Ltd. call Sold out 333 $1.0Mbefore exit
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2024 → Q3 2024 Security Class Change vs Q2 2024 Shares / Principal Value ▼ CORZW Core Scientific Inc. - 27 *W EXP 01/23/202 Sold out 487,244 $2.2Mbefore exit
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