Philosophy Capital Management LLC is an SEC-registered investment adviser based in Alamo, CA that reports managing 4 hedge funds on Form ADV. It reports $1.7 billion in regulatory assets under management. Its private funds, of all types, hold $1.5 billion in gross assets. Its disclosed U.S. stock holdings returned an estimated +25.2% 2026 YTD through Jun 30 (S&P 500: +9.5%), based on 13F filings. Over a longer period they returned an estimated +37.5% from Q3 2024 to Q2 2026, compared with +37.2% for the S&P 500, based on 13F filings.
- Regulatory assets under management
- $1.7 billionForm ADV Item 5.F
- Gross assets of private funds
- $1.5 billionAll private fund types, Form ADV
- Hedge funds managed
- 44 private funds in total
- Employees
- 8Form ADV Item 5.A
- Registration
- SEC-registered adviserCRD 308425
- Latest Form ADV
- 03/17/2026Disciplinary disclosures: none reported
Estimated 13F portfolio performance
Estimated by AltMountain, derived from the firm’s public Form 13F filings. Not reported by the firm and not the return of any fund.
| Quarter | Est. 13F return | S&P 500 |
|---|---|---|
| Q2 2026 | +24.2% | +14.8% |
| Q1 2026 | +0.8% | -4.6% |
| Q4 2025 | -2.5% | +2.4% |
| Q3 2025 | +5.0% | +7.8% |
| Q2 2025 | +2.3% | +10.4% |
| Q1 2025 | -8.5% | -4.5% |
| Q4 2024 | +3.1% | +2.1% |
| Q3 2024 | +11.0% | +5.4% |
Estimate of the firm's disclosed long U.S. stock portfolio from its quarterly 13F filings, holding each quarter-end portfolio to the next quarter-end at prices implied by all 13F filers. It is a price return before dividends and fees, ignores shorts, options, bonds, cash and trading within the quarter, and is not the return of any fund. Disclosures
Manager of this firm? Report your fund’s actual net return, or email hello@altmountain.com to correct or remove this estimate. Removal requests from the firm are honored.
13F holdings as of Jun 30, 2026
All 35 share positions ($1,040,895,386) reported by Philosophy Capital Management LLC on Form 13F for the quarter ended Jun 30, 2026, filed Aug 14, 2026. Shown as filed with the SEC. Original filing on SEC.gov ↗
| Stock | Value | % of 13F portfolio | Shares | Shares vs prior quarter |
|---|---|---|---|---|
| Compass Inc | $82,956,191 | 7.97% | 6,727,996 | -0.70% |
| Golar LNG LTD | $50,747,038 | 4.88% | 1,018,199 | +1.82% |
| Corecivic Inc | $50,043,911 | 4.81% | 1,647,265 | -23.71% |
| Galaxy Digital Inc. | $48,690,544 | 4.68% | 1,780,927 | +172.16% |
| Vistra Corp | $48,286,972 | 4.64% | 304,400 | +24.55% |
| Energy Transfer L P | $46,279,731 | 4.45% | 2,420,488 | +6.73% |
| Star Bulk Carriers Corp. | $43,764,070 | 4.20% | 1,752,666 | -6.50% |
| Propetro Hldg Corp | $42,508,750 | 4.08% | 2,964,348 | +29.81% |
| Hudson Pacific Properties In | $41,992,056 | 4.03% | 2,764,454 | -22.04% |
| Nokia Corp | $41,832,000 | 4.02% | 3,150,000 | +26.00% |
| Corpay Inc | $37,685,838 | 3.62% | 113,079 | -5.33% |
| USA Today Co Inc | $36,765,000 | 3.53% | 4,300,000 | Unchanged |
| Rocket Cos Inc | $34,999,965 | 3.36% | 2,222,220 | +11.11% |
| Geo Group Inc | $33,168,102 | 3.19% | 1,122,440 | -34.77% |
| Toast Inc | $31,993,000 | 3.07% | 1,150,000 | New |
| Nine Energy Service Inc | $30,934,957 | 2.97% | 2,377,783 | -6.79% |
| GDS Hldgs LTD | $30,590,300 | 2.94% | 1,018,658 | +74.83% |
| Kyivstar Group LTD | $28,247,195 | 2.71% | 1,746,889 | +5.73% |
| Bellring Brands Inc | $27,183,394 | 2.61% | 2,100,726 | +87.36% |
| Talen Energy Corp | $24,976,900 | 2.40% | 65,000 | -4.85% |
| Kilroy Realty Corp | $24,428,454 | 2.35% | 651,947 | -13.07% |
| Pg&e Corp | $22,582,061 | 2.17% | 1,342,572 | +6.67% |
| Hims & Hers Health Inc | $19,789,705 | 1.90% | 570,802 | +63.09% |
| Hca Healthcare Inc | $19,494,500 | 1.87% | 50,000 | New |
| Camping World Hldgs Inc | $18,354,003 | 1.76% | 2,405,505 | -9.53% |
| Trimble Inc | $18,327,149 | 1.76% | 358,092 | New |
| Adobe Inc | $14,351,400 | 1.38% | 70,000 | New |
| Talos Energy Inc | $13,555,500 | 1.30% | 1,050,000 | New |
| Guardian Metal Res PLC | $12,212,629 | 1.17% | 871,708 | New |
| American Exceptionalism Acqu | $11,871,618 | 1.14% | 1,004,367 | Unchanged |
| Maravai Lifesciences Hldgs I | $11,856,000 | 1.14% | 1,900,000 | -27.95% |
| Baidu Inc | $11,429,000 | 1.10% | 100,000 | New |
| Venture Global Inc | $10,907,400 | 1.05% | 980,000 | New |
| Grindr Inc | $10,247,247 | 0.98% | 713,100 | New |
| Sharplink Inc | $7,842,806 | 0.75% | 1,633,918 | +6.52% |
Changes since Mar 31, 2026
Comparing the share counts in the two quarter-end filings: 9 new positions, 10 sold out, 13 increased, 11 reduced and 2 unchanged.
New positions
| Stock | Value | Shares |
|---|---|---|
| Toast Inc | $31,993,000 | 1,150,000 |
| Hca Healthcare Inc | $19,494,500 | 50,000 |
| Trimble Inc | $18,327,149 | 358,092 |
| Adobe Inc | $14,351,400 | 70,000 |
| Talos Energy Inc | $13,555,500 | 1,050,000 |
| Guardian Metal Res PLC | $12,212,629 | 871,708 |
| Baidu Inc | $11,429,000 | 100,000 |
| Venture Global Inc | $10,907,400 | 980,000 |
| Grindr Inc | $10,247,247 | 713,100 |
Sold out
| Stock | Value at Mar 31, 2026 | Shares held then |
|---|---|---|
| Microsoft Corp | $33,315,300 | 90,000 |
| Elastic N V | $31,744,150 | 635,010 |
| Solventum Corp | $23,311,904 | 356,997 |
| Mercury Genl Corp New | $22,680,642 | 257,296 |
| Flutter Entmt PLC | $21,861,852 | 214,437 |
| PVH Corporation | $14,608,442 | 209,410 |
| Icon Pub LTD Co | $12,284,920 | 111,015 |
| Nextnav Inc | $8,811,000 | 550,000 |
| Mechanics Bancorp | $8,584,515 | 582,001 |
| Orthofix Med Inc | $6,410,594 | 558,901 |
Largest increases
| Stock | Change in shares | Change | Value now | Shares now |
|---|---|---|---|---|
| Galaxy Digital Inc. | +1,126,548 | +172.16% | $48,690,544 | 1,780,927 |
| GDS Hldgs LTD | +435,996 | +74.83% | $30,590,300 | 1,018,658 |
| Bellring Brands Inc | +979,509 | +87.36% | $27,183,394 | 2,100,726 |
| Propetro Hldg Corp | +680,775 | +29.81% | $42,508,750 | 2,964,348 |
| Vistra Corp | +60,000 | +24.55% | $48,286,972 | 304,400 |
| Nokia Corp | +650,000 | +26.00% | $41,832,000 | 3,150,000 |
| Hims & Hers Health Inc | +220,802 | +63.09% | $19,789,705 | 570,802 |
| Rocket Cos Inc | +222,220 | +11.11% | $34,999,965 | 2,222,220 |
| Energy Transfer L P | +152,560 | +6.73% | $46,279,731 | 2,420,488 |
| Kyivstar Group LTD | +94,744 | +5.73% | $28,247,195 | 1,746,889 |
| Pg&e Corp | +83,969 | +6.67% | $22,582,061 | 1,342,572 |
| Golar LNG LTD | +18,199 | +1.82% | $50,747,038 | 1,018,199 |
| Sharplink Inc | +100,000 | +6.52% | $7,842,806 | 1,633,918 |
Largest reductions
| Stock | Change in shares | Change | Value now | Shares now |
|---|---|---|---|---|
| Geo Group Inc | -598,226 | -34.77% | $33,168,102 | 1,122,440 |
| Corecivic Inc | -511,873 | -23.71% | $50,043,911 | 1,647,265 |
| Hudson Pacific Properties In | -781,517 | -22.04% | $41,992,056 | 2,764,454 |
| Maravai Lifesciences Hldgs I | -737,117 | -27.95% | $11,856,000 | 1,900,000 |
| Kilroy Realty Corp | -98,053 | -13.07% | $24,428,454 | 651,947 |
| Star Bulk Carriers Corp. | -121,752 | -6.50% | $43,764,070 | 1,752,666 |
| Nine Energy Service Inc | -173,345 | -6.79% | $30,934,957 | 2,377,783 |
| Corpay Inc | -6,370 | -5.33% | $37,685,838 | 113,079 |
| Camping World Hldgs Inc | -253,372 | -9.53% | $18,354,003 | 2,405,505 |
| Talen Energy Corp | -3,315 | -4.85% | $24,976,900 | 65,000 |
| Compass Inc | -47,201 | -0.70% | $82,956,191 | 6,727,996 |
Each list shows up to 20 positions, largest first by dollar amount. Changes compare two quarter-end snapshots, with the earlier share count adjusted for stock splits AltMountain detected. They do not show when, or at what price, anything was bought or sold.
From public Form 13F filings, not verified. Form 13F is filed up to 45 days after the quarter ends, so positions may have changed. It lists only certain long positions in U.S.-listed stocks and exchange-traded funds; options are not shown here, and short positions, most bonds, cash, non-U.S. securities and private investments are not reported at all, so a holding may be one side of a hedge. A filing covers the manager as a whole, not any single fund, and filings contain errors. This is not investment advice or a recommendation to buy or sell any security. Disclosures
Large ownership stakes (Schedule 13D and 13G)
| Company | Filing | Percent of class | Shares | Filed | Source |
|---|---|---|---|---|---|
| Nine Energy Service, Inc. | 13G amendment | 17% | 2,377,783 | Aug 14, 2026 | SEC.gov ↗ |
| Hudson Pacific Properties, Inc. | 13G amendment | 5.4% | 2,906,764 | Aug 14, 2026 | SEC.gov ↗ |
A firm files Schedule 13G (passive) or 13D (it may seek to influence the company) when it beneficially owns more than 5% of a class of a public company's shares. Each row is the firm's latest such filing for that company since Aug 14, 2026, exactly as filed, and counts shares held across the firm and its affiliates, not by any single fund. An amendment can report a stake that has fallen below 5%. Holdings may have changed since the filing date. Not verified by AltMountain. Source: U.S. Securities and Exchange Commission, EDGAR.
Hedge funds filing Form D (1)
Matched to this firm by the fund names and related persons in each Form D. The list may be incomplete.
Private funds reported on Form ADV (3)
As reported in the adviser's Form ADV filed Nov 1, 2024. Funds also listed from Form D are shown above.
Fund vehicles: feeder funds and single-deal vehicles (1)
Feeder funds invest through a master fund; single-deal vehicles (SPVs, co-investments, series) hold one investment.
From SEC filings. Firm data comes from the SEC's Form ADV data as of Oct 2, 2026; performance estimates come from Form 13F. AltMountain has not verified this information, and it is not an offer, solicitation or recommendation. Full disclosures