Philosophy Capital Management LLC
Philosophy Capital Management LLC is a San Francisco-based, opportunistic value-oriented investment firm registered in Delaware. The firm targets mispriced securities across the capital structure and distinguishes itself through a game-theoretic approach that incorporates philosophy, decision theory, and fundamental research. The firm appears to have been founded around 2021, has approximately 8 employees, and manages a multi-billion dollar portfolio for institutional and accredited investors.
Investment Strategy
Philosophy Capital Management LLC employs an opportunistic and value-oriented investment strategy, targeting mispriced securities across the capital structure. Their approach is differentiated by the use of game theory, decision theory, and the application of first principles to investment analysis. The firm conducts fundamental, independent, bottom-up research to identify investment opportunities and builds trackable roadmaps for success based on real-world investment experience.
Top Holdings
Equity Positions (33)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
G GLNG | GOLAR LNG LTD | 5.24% | $106.7M | 2,590,866 | $22.01 | $41.19 | +$16.7M |
C CZR | CAESARS ENTERTAINMENT INC NE | 2.90% | $59.0M | 2,079,361 | $38.87 | $28.39 | +$5.9M |
T TLN | TALEN ENERGY CORP | 2.85% | $58.2M | 200,000 | $122.71 | $290.77 | +$19.5M |
E ET | ENERGY TRANSFER L P | 2.28% | $46.6M | 2,568,231 | $10.97 | $18.13 | -$1.2M |
T TALO | TALOS ENERGY INC | 1.87% | $38.0M | 4,485,413 | $11.60 | $8.48 | -$3.3M |
Options Positions (8)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
S SPY | SPDR S&P 500 ETF TR | Bought | Put | $648.7M | 105 | $617.85 | $572.24 | +55 | +$369.0M |
Q QQQ | INVESCO QQQ TR | Bought | Put | $331.0M | 60 | $551.64 | $530.96 | +45 | +$260.6M |
I IWM | ISHARES TR | Sold | Put | $226.6M | 105 | $215.79 | $195.73 | -32.9 | -$48.5M |
P PCG | PG&E CORP | New | Call | $30.7M | 220 | $13.94 | $13.94 | +220 | +$30.7M |
G GEO | GEO GROUP INC NEW | — | Call | $3.6M | 15 | $23.95 | $29.21 | 0 | -$789.0K |
