Philosophy Capital Management LLC

Portfolio Overview

Philosophy Capital Management LLC disclosed 43 positions worth $1.6B in its Form 13F-HR for Q1 2026 — $858.1M in common stock plus $772.9M of put/call option positions (reported at underlying notional value, not premium at risk), followed by $SPY and $QQQ. During the quarter the fund opened 9 new positions and exited 8 — including a new stake in $MSFT and a full exit from $ET. The portfolio is most concentrated in Industrials (18.8% of disclosed assets). All figures are sourced directly from Philosophy Capital Management LLC’s Form 13F-HR filing with the SEC under CIK 1869199.

• ISHARES TR PUT

  —

  Quality

  $384.4M15,500 sh
• 

  SPDR S&P 500 ETF TRUST

  $SPY PUT

  —

  Quality

  $227.6M3,500 sh
• 

  INVESCO QQQ TRUST, SERIES 1

  $QQQ PUT

  —

  Quality

  $144.3M2,500 sh
• 

  GOLAR LNG LTD

  $GLNG

  —

  Quality

  $54.1M1,000,000 sh
• 

  Compass, Inc.

  $COMP

  58.3

  Quality

  $49.5M6,775,197 sh
• 

  Energy Transfer LP

  $ET

  64.5

  Quality

  $43.8M2,267,928 sh
• 

  Star Bulk Carriers Corp.

  $SBLK

  —

  Quality

  $43.1M1,874,418 sh
• 

  CoreCivic, Inc.

  $CXW

  59.0

  Quality

  $40.8M2,159,138 sh
• 

  Vistra Corp.

  $VST

  62.9

  Quality

  $36.7M244,400 sh
• 

  CORPAY, INC.

  $CPAY

  67.1

  Quality

  $34.8M119,449 sh

Company	Quality	Value	Shares
ISHARES TR PUT	—	$384.4M	15,500
SPDR S&P 500 ETF TRUST$SPYPUT	—	$227.6M	3,500
INVESCO QQQ TRUST, SERIES 1$QQQPUT	—	$144.3M	2,500
GOLAR LNG LTD$GLNG	—	$54.1M	1,000,000
Compass, Inc.$COMP	58.3	$49.5M	6,775,197
Energy Transfer LP$ET	64.5	$43.8M	2,267,928
Star Bulk Carriers Corp.$SBLK	—	$43.1M	1,874,418
CoreCivic, Inc.$CXW	59.0	$40.8M	2,159,138
Vistra Corp.$VST	62.9	$36.7M	244,400
CORPAY, INC.$CPAY	67.1	$34.8M	119,449

Showing top 10 of 43 holdings.

Full Holdings — Philosophy Capital Management LLC (Q1 2026)

All 43 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.

#	Ticker	Company	Value	Weight	QoQ	Quality
1	—	ISHARES TR	$384.4M	—	+55%	—
2	$SPYPUT	SPDR S&P 500 ETF TRUST	$227.6M	—	-59%	—
3	$QQQPUT	INVESCO QQQ TRUST, SERIES 1	$144.3M	—	-64%	—
4	$GLNG	GOLAR LNG LTD	$54.1M	6.3%	-58%	—
5	$COMP	Compass, Inc.	$49.5M	5.8%	+17%	58.3
6	$ET	Energy Transfer LP	$43.8M	5.1%	-15%	64.5
7	$SBLK	Star Bulk Carriers Corp.	$43.1M	5.0%	+14%	—
8	$CXW	CoreCivic, Inc.	$40.8M	4.8%	+26%	59
9	$VST	Vistra Corp.	$36.7M	4.3%	+155%	62.9
10	$CPAY	CORPAY, INC.	$34.8M	4.0%	+8%	67.1
11	$MSFT	MICROSOFT CORP	$33.3M	3.9%	NEW	83.7
12	$PUMP	ProPetro Holding Corp.	$32.9M	3.8%	-42%	39.3
13	$ESTC	Elastic N.V.	$31.7M	3.7%	+126%	—
14	$TDAY	USA TODAY Co., Inc.	$30.3M	3.5%	-33%	48.4
15	$GEO	GEO GROUP INC	$28.9M	3.4%	+6%	63
16	$RKT	Rocket Companies, Inc.	$28.5M	3.3%	+85%	—
17	$GDS	GDS Holdings Ltd	$23.5M	2.7%	+2%	—
18	$SOLV	Solventum Corp	$23.3M	2.7%	+1%	55.7
19	$MCY	MERCURY GENERAL CORP	$22.7M	2.6%	+0%	70.4
20	$PCG	PG&E Corp	$22.1M	2.6%	-41%	59.3
21	$FLUT	Flutter Entertainment plc	$21.9M	2.5%	+223%	—
22	$TLN	Talen Energy Corp	$21.8M	2.5%	+12%	66.5
23	$KRC	KILROY REALTY CORP	$21.2M	2.5%	-33%	67.8
24	$HPP	Hudson Pacific Properties, Inc.	$21.0M	2.4%	+54%	30.5
25	$NINE	Nine Energy Service, Inc.	$20.9M	2.4%	NEW	26.1
26	$NOK	NOKIA CORP	$20.1M	2.3%	NEW	—
27	$CWH	Camping World Holdings, Inc.	$18.2M	2.1%	+123%	45.4
28	$BRBR	BELLRING BRANDS, INC.	$18.0M	2.1%	NEW	58.7
29	$KYIV	Kyivstar Group Ltd.	$16.7M	1.9%	NEW	—
30	$PVH	PVH CORP. /DE/	$14.6M	1.7%	NEW	45.3
31	$ICLR	ICON PLC	$12.3M	1.4%	-23%	—
32	$GLXY	Galaxy Digital Inc.	$12.1M	1.4%	+37%	40.8
33	$AEXA	American Exceptionalism Acquisition Corp. A	$10.9M	1.3%	+0%	—
34	$SBET	Sharplink, Inc.	$9.9M	1.1%	+55%	38.1
35	$NN	NEXTNAV INC.	$8.8M	1.0%	-37%	21.2
36	$MCHB	Mechanics Bancorp	$8.6M	1.0%	-7%	30
37	$MRVI	MARAVAI LIFESCIENCES HOLDINGS, INC.	$7.5M	0.9%	-15%	14.5
38	$COMPCALL	Compass, Inc.	$7.4M	—	+1%	58.3
39	$HIMS	Hims & Hers Health, Inc.	$7.3M	0.8%	NEW	50.9
40	$OFIX	Orthofix Medical Inc.	$6.4M	0.8%	-45%	32.9
41	$CXWCALL	CoreCivic, Inc.	$5.7M	—	NEW	59
42	$CWHCALL	Camping World Holdings, Inc.	$2.6M	—	NEW	45.4
43	$HPPCALL	Hudson Pacific Properties, Inc.	$858,216	—	+0%	30.5