{"url":"https://nivawealth.com/firms/philosophy-capital-management-308425","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/308425","regulatoryAum":1663132679,"crd":"308425","history":[{"filedOn":"2021-03-17","regulatoryAum":168954708,"clients":2,"employees":4,"offices":1},{"filedOn":"2022-03-31","regulatoryAum":536302815,"clients":4,"employees":7,"offices":1},{"filedOn":"2023-03-30","regulatoryAum":935516951,"clients":4,"employees":7,"offices":1},{"filedOn":"2024-03-19","regulatoryAum":1183313132,"clients":4,"employees":8,"offices":1},{"filedOn":"2025-05-06","regulatoryAum":1568435148,"clients":5,"employees":8,"offices":1},{"filedOn":"2026-03-17","regulatoryAum":1663132679,"clients":5,"employees":8,"offices":1}],"secFileNumber":"801-120367","legalName":"Philosophy Capital Management LLC","displayName":"Philosophy Capital Management","slug":"philosophy-capital-management-308425","website":"https://philosophycap.com/","logo":{"src":"https://rmkhnxnbeclogprvkfyl.supabase.co/storage/v1/object/public/firm-logos/308425/6431add8a2ab444e-r1.webp","tone":"light","width":873,"height":200,"sourceUrl":"https://www.philosophycap.com/","sourceLabel":"Philosophy Capital Management LLC, website"},"classification":{"segment":"private_funds","segmentLabel":"Private funds","type":"private_fund_manager","typeLabel":null,"feeDisclosure":"payment_only"},"linkedinUrl":"https://www.linkedin.com/company/philosophy-capital/about/","founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"3201 Danville Boulevard, Suite 100","city":"Alamo","state":"CA","stateName":"California","country":"United States","postalCode":"94507"},"tradeNames":[],"registration":{"secApproved":"22 February 2021","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":null,"staff":{"employees":8,"advisory":4,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":1663132679,"discretionary":1663132679,"discretionaryAccounts":5,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Pooled investment vehicles","clients":4,"regulatoryAum":1515030728},{"label":"Charitable organizations","clients":1,"regulatoryAum":148101951}],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[{"name":"Goldman Sachs & Co. LLC","shortName":"Goldman Sachs & Co.","location":"New York, NY","smaAssets":116006242},{"name":"National Financial Services LLC","shortName":"Fidelity","location":"Boston, MA","smaAssets":25404696}],"custodyNote":"Philosophy Capital Management has custody of $771M in client assets for 2 clients.","otherCustodians":[],"leadership":[{"name":"Yedi Wong","title":"Chief Financial Officer; Chief Compliance Officer","crd":"6022223"},{"name":"Jacob Rubin","title":"Managing Member","crd":"5580250"}],"ownership":[{"label":"Jacob Rubin","detail":"Managing member in the 75% or more ownership band and a control person, since April 2019."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"California","offices":1,"addresses":[{"street":"3201 Danville Boulevard, Suite 100","city":"Alamo","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"415-433-2010","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees","Other"],"activities":["Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":60},{"label":"Non-exchange-traded equity securities","percent":1},{"label":"Non-investment grade corporate bonds","percent":2},{"label":"Derivatives","percent":1},{"label":"Cash and cash equivalents","percent":32},{"label":"Other","percent":4,"detail":"Term Loans"}],"privateFunds":4},"sources":{"adv1FilingDate":"17 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/308425/PDF/308425.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-21","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Philosophy Capital Management have?","answer":"Philosophy Capital Management has 5 clients and manages $1.66 billion for them, as of March 2026. They include 4 pooled investment vehicles and 1 charitable organization.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 17 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Philosophy Capital Management offer?","answer":"Philosophy Capital Management provides portfolio management for pooled vehicles and portfolio management for institutions.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Philosophy Capital Management use?","answer":"Philosophy Capital Management’s separately managed account assets are held at Goldman Sachs & Co. LLC (New York, NY), with $116M and National Financial Services LLC (Boston, MA), with $25.4M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 17 March 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Philosophy Capital Management have?","answer":"Philosophy Capital Management has 0 investment adviser representatives registered with state securities authorities, out of 8 employees, and 4 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Philosophy Capital Management invest in?","answer":"At the end of its last fiscal year, Philosophy Capital Management’s separately managed accounts held 60% exchange-traded equities, 32% cash and equivalents, 4% other, 2% high-yield corporate bonds, 1% non-exchange-traded equities and 1% derivatives. The 4% other category is described as: Term Loans. It advises 4 private funds.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Philosophy Capital Management?","answer":"Philosophy Capital Management’s direct owner is Jacob Rubin (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 17 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Philosophy Capital Management get paid?","answer":"Philosophy Capital Management is paid through a percentage of assets under management, performance-based fees and other compensation. Its Form ADV lists no commissions among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Philosophy Capital Management?","answer":"Philosophy Capital Management’s main office is at 3201 Danville Boulevard, Suite 100, Alamo, CA 94507. Its phone number is 415-433-2010. Its website is philosophycap.com.","source":"Form ADV Part 1A, Item 1.F, filed 17 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":{"url":"https://nivawealth.com/firms/philosophy-capital-management-308425/holdings","form":"13F-HR","periodOfReport":"2026-06-30","filedOn":"2026-08-14","filingIndexUrl":"https://www.sec.gov/Archives/edgar/data/1869199/000093583626000401/0000935836-26-000401-index.html","totalValue":2116039573,"positionCount":46,"top10Share":0.6497735082764446,"top10":[{"issuer":"INVESCO QQQ TR","titleOfClass":"UNIT SER 1","cusip":"46090E103","value":405020000,"shares":5500,"shareType":"SH","putCall":"Put","priorValue":144295000,"priorShares":2500},{"issuer":"ISHARES TR","titleOfClass":"RUSSELL 2000 ETF","cusip":"464287655","value":300450000,"shares":10000,"shareType":"SH","putCall":"Put","priorValue":384400000,"priorShares":15500},{"issuer":"STATE STR SPDR S&P 500 ETF T","titleOfClass":"TR 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Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}