Philosophy Capital Management LLC

Fundamental concentrated ★Signal CIK 1869199
League rank
#181
in Fundamental concentrated · #297 overall
Long book
$858.1M
Q1 2026
Positions
36
Top-10 weight
47%
concentration
Last quarter
+25.5%
SPY +14.8%
Turnover
29%
of book per quarter

Strategy in plain words

auto-generated from filings

Philosophy Capital Management LLC is a concentrated fundamental stock-picker, running a $858.1M US long book across 36 positions.

The portfolio is moderately concentrated (top 10 ≈ 47% of the book). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: GOLAR LNG LTD, COMPASS INC - CLASS A, ENERGY TRANSFER LP, STAR BULK CARRIERS CORP, CORECIVIC INC.

Over the last 9 quarters its long book ran on average 0.5pp per quarter ahead of the S&P 500, beating the index in 4 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+0.4%
Q2 2024
+12.0%
Q3 2024
+3.8%
Q4 2024
-7.6%
Q1 2025
+2.5%
Q2 2025
+7.4%
Q3 2025
-1.3%
Q4 2025
+2.1%
Q1 2026
+25.5%

Sector allocation

Industrials
16%
Utilities
16%
Financials
12%
Real estate
12%
Technology
10%
Other
9%
Healthcare
7%
Energy
7%

Long book by quarter

$511.2M
Q1 2024
$654.4M
Q2 2024
$721.7M
Q3 2024
$741.4M
Q4 2024
$750.5M
Q1 2025
$794.1M
Q2 2025
$864.0M
Q3 2025
$854.1M
Q4 2025
$858.1M
Q1 2026

What does Philosophy Capital own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
GLNG GOLAR LNG LTDIndustrials1.0M$54.1M6.3%-57.9%
COMP COMPASS INC - CLASS AReal estate6.8M$49.5M5.8%+17.2%
ET ENERGY TRANSFER LPUtilities2.3M$43.8M5.1%-15.5%
SBLK STAR BULK CARRIERS CORPIndustrials1.9M$43.1M5.0%+13.6%
CXW CORECIVIC INCReal estate2.2M$40.8M4.8%+26.1%
VST VISTRA CORPUtilities244.4K$36.7M4.3%+154.7%
CPAY CORPAY INCServices media119.4K$34.8M4.1%+7.9%
MSFT MICROSOFT CORPTechnology90.0K$33.3M3.9%New
PUMP PROPETRO HOLDING CORPEnergy2.3M$32.9M3.8%-41.5%
ESTC ELASTIC NVTechnology635.0K$31.7M3.7%+125.9%
TDAY USA TODAY CO INCOther4.3M$30.3M3.5%-33.4%
GEO GEO GROUP INC/THEIndustrials1.7M$28.9M3.4%+5.7%
RKT ROCKET COS INC-CLASS AFinancials2.0M$28.5M3.3%+85.4%
SOLV SOLVENTUM CORPHealthcare357.0K$23.3M2.7%+1.2%
MCY MERCURY GENERAL CORPFinancials257.3K$22.7M2.6%+0.4%
PCG P G & E CORPUtilities1.3M$22.1M2.6%-41.3%
PPB FLUTTER ENTERTAINMENT PLC-DI214.4K$21.9M2.5%+222.9%
TLN TALEN ENERGY CORPUtilities68.3K$21.8M2.5%+12.4%
NINE NINE ENERGY SERVICE INCEnergy2.6M$20.9M2.4%New
CWH CAMPING WORLD HOLDINGS INC-AConsumer discretionary2.7M$18.2M2.1%+123.1%
BRBR BELLRING BRANDS INCConsumer staples1.1M$18.0M2.1%New
KYIV KYIVSTAR GROUP LTDCommunications1.7M$16.7M1.9%New
PVH PVH CORPOther209.4K$14.6M1.7%New
ICLR ICON PLCHealthcare111.0K$12.3M1.4%-22.9%
GLXY GALAXY DIGITAL INC-AFinancials654.4K$12.1M1.4%+37.2%
AEXA AMERICAN EXCEPTIONALISM-CL AFinancials1.0M$10.9M1.3%+0.4%
SBET SHARPLINK INCFinancials1.5M$9.9M1.2%+55.1%
NN NEXTNAV INCTechnology550.0K$8.8M1.0%-37.4%
MCHB MECHANICS BANCORP-AFinancials582.0K$8.6M1.0%-6.7%
MRVI MARAVAI LIFESCIENCES HLDGS-AHealthcare2.6M$7.5M0.9%-14.9%
HIMS HIMS & HERS HEALTH INCHealthcare350.0K$7.3M0.8%New
OFIX ORTHOFIX MEDICAL INCHealthcare558.9K$6.4M0.7%-44.9%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 202643$1.63B canonicalSEC ↗
Q4 202513F-HRFeb 17, 202642$2.20B canonicalSEC ↗
Q3 202513F-HRNov 14, 202548$2.44B canonicalSEC ↗
Q2 202513F-HRAug 14, 202541$2.04Bconfidential canonicalSEC ↗
Q1 202513F-HRMay 15, 202540$1.41B canonicalSEC ↗
Q4 202413F-HRFeb 14, 202539$1.65B canonicalSEC ↗
Q3 202413F-HRNov 14, 202431$1.26B canonicalSEC ↗
Q2 202413F-HR/ARESTATEMENTAug 15, 202431$1.72B canonicalSEC ↗
Q2 202413F-HRAug 14, 202429$1.65B SEC ↗
Q1 202413F-HRMay 15, 202432$1.25B canonicalSEC ↗