Philosophy Capital Management LLC In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Philosophy Capital Management LLC reported 30 stock positions worth $741.4 million . Its top holding was Golar LNG (GLNG) at 12.3% of the portfolio, followed by Caesars Entertainment (CZR, 9.2% ) and Energy Transfer (ET, 6.7% ). Compared with Q3 2024, it opened 11 new positions, sold out of 4, added to 10 and reduced 9. The biggest buy was a new position in Dollar Tree (DLTR) and the biggest sale Talen Energy (TLN, shares −45% ).
Location Alamo, CA
CIK 0001869199
Portfolio Value $741.4M (Q4 2024) Holdings 30 stocks · $741.4M 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 Q3 2024 GLNG Golar LNG Ltd. 2,147,586 $90.9M Reduce -12.4% CZR Caesars Entertainment Inc. 2,037,145 $68.1M Reduce -2.2% ET Energy Transfer LP 2,519,649 $49.4M Reduce -8.7% PRGO Perrigo Co. PLC 1,511,750 $38.9M Reduce -18.2% TALO Talos Energy Inc. 3,813,424 $37.0M Add +24.4% TLN Talen Energy Corp. 180,000 $36.3M Reduce -45.2% DLTR Dollar Tree Inc. 381,768 $28.6M New TDAY USA Today Co. Inc. filed as GANNETT CO INC 5,356,491 $27.1M Add +20.6% BGC BGC Group Inc. Class A 2,959,267 $26.8M Add +0.5% ALIT Alight Inc. Class A 3,872,173 $26.8M Add +4.4% DK Delek US Holdings Inc. 1,433,223 $26.5M Add +25.2% NFE New Fortress Energy Inc. 1,715,442 $25.9M New FLUT Flutter Entertainment PLC-Di 100,100 $25.9M Add +0.1% PUMP Propetro Holding Corp. 2,289,136 $21.4M New VYX NCR Voyix Corp. 1,491,275 $20.6M Reduce -51.8% SBLK Star Bulk Carriers Corp. 1,379,329 $20.6M Add +31.5% AQN Algonquin Power & Utilities 4,352,404 $19.4M Add +0.2% KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC 200,000 $18.9M New CPAY Corpay Inc. 51,011 $17.3M Add +0.1% PRKS United Parks & Resorts Inc. 302,732 $17.0M Reduce -21.6% SOLV Solventum Corp. 207,780 $13.7M New BABA Alibaba Group Holding-SP ADR 147,939 $12.5M Reduce -14.6% EYE National Vision Holdings Inc. 1,134,970 $11.8M New SSNC Ss&c Technologies Holdings 153,759 $11.7M New MTCH Match Group Inc. 349,999 $11.4M New EVH Evolent Health Inc. Class A 965,168 $10.9M New JAKK Jakks Pacific Inc. 321,319 $9.0M Add +15.4% DKL Delek Logistics Partners LP 180,083 $7.6M New LDI Loandepot Inc. Class A 2,389,919 $4.9M New GEO The Geo Group Inc. 160,129 $4.5M Reduce -90.3%
Options reported separately and not counted above: SPY puts ($445.4M), IVZ puts ($314.4M), IWM puts ($110.5M), CZR calls ($24.8M), PRGO calls ($3.5M), GLNG calls ($2.3M), NFE calls ($2.3M), BHC puts ($2.0M), AGNT puts ($1.8M).
Portfolio Sells Q3 2024 → Q4 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 Q3 2024 % Of Portfolio Change To Portfolio ▲ TLN Talen Energy Corp. Reduce -45.2% 4.89% −3.22 VYX NCR Voyix Corp. Reduce -51.8% 2.78% −3.04 CZR Caesars Entertainment Inc. Reduce -2.2% 9.18% −2.87 BIO Bio-Rad Laboratories-A Sold out 0.00% −2.74 GEO The Geo Group Inc. Reduce -90.3% 0.60% −2.32 JAZZ Jazz Pharmaceuticals PLC Sold out 0.00% −2.32 CASH Pathward Financial Inc. Sold out 0.00% −2.15 KBR KBR Inc. Sold out 0.00% −1.71 PRGO Perrigo Co. PLC Reduce -18.2% 5.24% −1.47 BABA Alibaba Group Holding-SP ADR Reduce -14.6% 1.69% −0.85 PRKS United Parks & Resorts Inc. Reduce -21.6% 2.29% −0.41 GLNG Golar LNG Ltd. Reduce -12.4% 12.26% −0.23 ET Energy Transfer LP Reduce -8.7% 6.66% +0.52
Portfolio Buys Q3 2024 → Q4 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 Q3 2024 % Of Portfolio Change To Portfolio ▼ DLTR Dollar Tree Inc. New 3.86% +3.86 NFE New Fortress Energy Inc. New 3.50% +3.50 PUMP Propetro Holding Corp. New 2.88% +2.88 KSPI JSC Kaspi.kz ADR New 2.55% +2.55 SOLV Solventum Corp. New 1.85% +1.85 EYE National Vision Holdings Inc. New 1.60% +1.60 SSNC Ss&c Technologies Holdings New 1.57% +1.57 MTCH Match Group Inc. New 1.54% +1.54 EVH Evolent Health Inc. Class A New 1.46% +1.46 DKL Delek Logistics Partners LP New 1.03% +1.03 LDI Loandepot Inc. Class A New 0.66% +0.66 DK Delek US Holdings Inc. Add +25.2% 3.58% +0.60 TALO Talos Energy Inc. Add +24.4% 4.99% +0.60 JAKK Jakks Pacific Inc. Add +15.4% 1.22% +0.24 FLUT Flutter Entertainment PLC-Di Add +0.1% 3.49% +0.20 TDAY USA Today Co. Inc. Add +20.6% 3.66% +0.20 CPAY Corpay Inc. Add +0.1% 2.33% +0.12 BGC BGC Group Inc. Class A Add +0.5% 3.62% −0.13 ALIT Alight Inc. Class A Add +4.4% 3.61% −0.19 SBLK Star Bulk Carriers Corp. Add +31.5% 2.78% −0.66 AQN Algonquin Power & Utilities Add +0.2% 2.61% −0.67
Options Activity Q3 2024 → Q4 2024 Security Type Change vs Q3 2024 Underlying Shares Value ▼ SPY SS SPDR S&P 500 ETF Trust-US put Add +29.7% 7,600 $445.4M IVZ Invesco Ltd. put New 6,150 $314.4M IWM iShares Russell 2000 ETF put Reduce -23.1% 5,000 $110.5M CZR Caesars Entertainment Inc. call Reduce -10.1% 7,407 $24.8M ZIM Zim Integrated Shipping Serv call Sold out 2,500 $6.4Mbefore exit TDAY USA Today Co. Inc. call Sold out 7,665 $4.3Mbefore exit PRGO Perrigo Co. PLC call Reduce -72.6% 1,363 $3.5M GLNG Golar LNG Ltd. call New 544 $2.3M NFE New Fortress Energy Inc. call New 1,500 $2.3M BHC Bausch Health Cos Inc. put New 2,421 $2.0M PCT Purecycle Technologies Inc. call Sold out 2,000 $1.9Mbefore exit
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