# EDGAR Filing Document

**Accession Number:** 0001869199
**File Stem:** 0000935836-25-000507
**Filing Date:** 2025-8
**Character Count:** 7934
**Document Hash:** ab4d651d36c7deee0ada6ea4b79a81c2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000935836-25-000507.hdr.sgml**: 20250814

**ACCESSION NUMBER**: 0000935836-25-000507

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250814

**DATE AS OF CHANGE**: 20250814

**EFFECTIVENESS DATE**: 20250814

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Philosophy Capital Management LLC
- **CENTRAL INDEX KEY:** 0001869199

**ORGANIZATION NAME:**
- **EIN:** 842108120
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-22001
- **FILM NUMBER:** 251215637

**BUSINESS ADDRESS:**
- **STREET 1:** 3201 DANVILLE BOULEVARD
- **STREET 2:** SUITE 100
- **CITY:** ALAMO
- **STATE:** CA
- **ZIP:** 94507
- **BUSINESS PHONE:** 415-433-2011

**MAIL ADDRESS:**
- **STREET 1:** 3201 DANVILLE BOULEVARD
- **STREET 2:** SUITE 100
- **CITY:** ALAMO
- **STATE:** CA
- **ZIP:** 94507

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Philosophy Capital Management LLC<br>**Address:** 3201 Danville Boulevard<br>Suite 100<br>Alamo, CA 94507

**Form 13F File Number:** 028-22001

**CRD Number (if applicable):** 000308425

**SEC File Number (if applicable):** 801-120367

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Yedi Wong<br>**Title:** Chief Compliance Officer<br>**Phone:** 415-433-2010

**Signature, Place, and Date of Signing:**

Yedi Wong  Alamo, CA  08-07-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 41

**Form 13F Information Table Value Total:** $2038476477

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ALIGHT INC | COM CL A | 01626W101 |  | 26138452 | 4618101 | SH |  | SOLE |  | 4618101 | 0 | 0 |
| ALIGHT INC | COM CL A | 01626W101 |  | 3062060 | 5410 | SH | Call | SOLE |  | 5410 | 0 | 0 |
| BGC GROUP INC | CL A | 088929104 |  | 18435544 | 1802106 | SH |  | SOLE |  | 1802106 | 0 | 0 |
| BRIDGEBIO PHARMA INC | COM | 10806X102 |  | 18419854 | 426583 | SH |  | SOLE |  | 426583 | 0 | 0 |
| CAESARS ENTERTAINMENT INC NE | COM | 12769G100 |  | 59033059 | 2079361 | SH |  | SOLE |  | 2079361 | 0 | 0 |
| CAESARS ENTERTAINMENT INC NE | COM | 12769G100 |  | 695555 | 245 | SH | Call | SOLE |  | 245 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 23760475 | 665746 | SH |  | SOLE |  | 665746 | 0 | 0 |
| CORECIVIC INC | COM | 21871N101 |  | 8787496 | 417062 | SH |  | SOLE |  | 417062 | 0 | 0 |
| CORPAY INC | COM SHS | 219948106 |  | 20975338 | 63213 | SH |  | SOLE |  | 63213 | 0 | 0 |
| DELEK US HLDGS INC NEW | COM | 24665A103 |  | 13767000 | 650000 | SH |  | SOLE |  | 650000 | 0 | 0 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 |  | 46562028 | 2568231 | SH |  | SOLE |  | 2568231 | 0 | 0 |
| FLUTTER ENTMT PLC | SHS | G3643J108 |  | 10627986 | 37192 | SH |  | SOLE |  | 37192 | 0 | 0 |
| GALAXY DIGITAL INC. | CL A | 36317J209 |  | 15330000 | 700000 | SH |  | SOLE |  | 700000 | 0 | 0 |
| GANNETT CO INC | COM | 36472T109 |  | 21069950 | 5885461 | SH |  | SOLE |  | 5885461 | 0 | 0 |
| GEO GROUP INC NEW | COM | 36162J106 |  | 36876821 | 1539742 | SH |  | SOLE |  | 1539742 | 0 | 0 |
| GEO GROUP INC NEW | COM | 36162J106 |  | 3592500 | 1500 | SH | Call | SOLE |  | 1500 | 0 | 0 |
| GOLAR LNG LTD | SHS | G9456A100 |  | 106717771 | 2590866 | SH |  | SOLE |  | 2590866 | 0 | 0 |
| HUDSON PAC PPTYS INC | COM | 444097109 |  | 3541135 | 1292385 | SH |  | SOLE |  | 1292385 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 330984000 | 6000 | SH | Put | SOLE |  | 6000 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 226579500 | 10500 | SH | Put | SOLE |  | 10500 | 0 | 0 |
| JAKKS PAC INC | COM NEW | 47012E403 |  | 7768790 | 373859 | SH |  | SOLE |  | 373859 | 0 | 0 |
| KASPI KZ JSC | SPONSORED ADS | 48581R205 |  | 20386673 | 240154 | SH |  | SOLE |  | 240154 | 0 | 0 |
| KILROY RLTY CORP | COM | 49427F108 |  | 17236486 | 502375 | SH |  | SOLE |  | 502375 | 0 | 0 |
| LOANDEPOT INC | COM CL A | 53946R106 |  | 5346955 | 4210201 | SH |  | SOLE |  | 4210201 | 0 | 0 |
| MARAVAI LIFESCIENCES HLDGS I | COM CL A | 56600D107 |  | 6249776 | 2593268 | SH |  | SOLE |  | 2593268 | 0 | 0 |
| MATCH GROUP INC NEW | COM | 57667L107 |  | 35537431 | 1150451 | SH |  | SOLE |  | 1150451 | 0 | 0 |
| NEW FORTRESS ENERGY INC | COM CL A | 644393100 |  | 17403649 | 5242063 | SH |  | SOLE |  | 5242063 | 0 | 0 |
| NEW FORTRESS ENERGY INC | COM CL A | 644393100 |  | 96280 | 290 | SH | Call | SOLE |  | 290 | 0 | 0 |
| ORTHOFIX MED INC | COM | 68752M108 |  | 9424872 | 845280 | SH |  | SOLE |  | 845280 | 0 | 0 |
| PG CORP | COM | 69331C108 |  | 26865112 | 1927196 | SH |  | SOLE |  | 1927196 | 0 | 0 |
| PG CORP | COM | 69331C108 |  | 30668000 | 22000 | SH | Call | SOLE |  | 22000 | 0 | 0 |
| PROPETRO HLDG CORP | COM | 74347M108 |  | 21055909 | 3526953 | SH |  | SOLE |  | 3526953 | 0 | 0 |
| SOLVENTUM CORP | COM SHS | 83444M101 |  | 23515405 | 310066 | SH |  | SOLE |  | 310066 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 648742500 | 10500 | SH | Put | SOLE |  | 10500 | 0 | 0 |
| SS TECHNOLOGIES HLDGS INC | COM | 78467J100 |  | 15122426 | 182638 | SH |  | SOLE |  | 182638 | 0 | 0 |
| STAR BULK CARRIERS CORP. | SHS PAR | Y8162K204 |  | 26699153 | 1547777 | SH |  | SOLE |  | 1547777 | 0 | 0 |
| TALEN ENERGY CORP | COM | 87422Q109 |  | 58154000 | 200000 | SH |  | SOLE |  | 200000 | 0 | 0 |
| TALOS ENERGY INC | COM | 87484T108 |  | 38036302 | 4485413 | SH |  | SOLE |  | 4485413 | 0 | 0 |
| TARGET HOSPITALITY CORP | COM | 87615L107 |  | 1811990 | 254493 | SH |  | SOLE |  | 254493 | 0 | 0 |
| UNITED PARKS  RESORTS INC | COM | 81282V100 |  | 16871119 | 357818 | SH |  | SOLE |  | 357818 | 0 | 0 |
| WALGREENS BOOTS ALLIANCE INC | COM | 931427108 |  | 16527125 | 1439645 | SH |  | SOLE |  | 1439645 | 0 | 0 |

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