Philosophy Capital Dumps 3.8 Million Alight, Inc. Shares in Q3

Company Overview - Alight operates as a global provider of technology-driven human capital management solutions, focusing on enhancing employee wellbeing and operational efficiency through its cloud platform and expertise in HR and financial systems [4][7] - The company generates revenue through employer solutions, professional services, and hosted business solutions aimed at optimizing workforce management [7] Financial Performance - Alight reported a total revenue of $2.29 billion and a net income of -$2.16 billion for the trailing twelve months (TTM) [3] - The company's current dividend yield stands at 7.00%, with shares priced at $2.27 as of November 13, 2025, reflecting a 72.2% decline over the past year [3][6] Recent Developments - Philosophy Capital Management LLC significantly reduced its stake in Alight by selling 3,759,133 shares during the third quarter of 2025, resulting in a remaining holding of 858,968 shares valued at $2.80 million [2][5] - The fund's exposure to Alight has decreased from 1.3% to 0.11% of its total assets under management (AUM), marking an 81% reduction in its position [3][5] Market Position - Alight's stock has underperformed the S&P 500 by 84.98 percentage points, indicating a challenging market environment since the 2022 bear market [6][10] - The company's stock has not recovered like other stocks post-bear market, instead trading within a range before resuming its downward trend [9][10]