Two Seas Capital LP — 13F Holdings & Portfolio
CIK 1823138 · latest 13F-HR filed 2026-08-12
Two Seas Capital LP manages $5.05B in 13F-reported U.S. long-equity assets across 52 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are SPY (21.89%), SPY (11.80%), ROIV (5.94%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 6 new positions and exited 4; 23 existing positions rose in reported value and 5 fell.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
Long-equity book
Distinct positions
Filed 2026-08-12
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
| Name | Title / Status | Ownership | Type |
|---|
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- SHARONAI HOLDINGS INC$100.1M +1056.5%
- NEKTAR THERAPEUTICS$74.9M +53.1%
- UNIQURE NV$45.1M +212.4%
- IMMUNOVANT INC$41.8M +52.5%
- ROIVANT SCIENCES LTD$41.5M +16.1%
Top Trims
- SABLE OFFSHORE CORP-$65.0M -71.6%
- FIRST SOLAR INC-$29.6M -49.5%
- GOLAR LNG LTD-$8.1M -11.7%
- SONOS INC-$2.7M -22.0%
- PAVMED INC-$1.9M -41.5%
New Positions
- SPACE EXPLORATION TECHN CORP$35.7M
- ABIVAX SA$32.6M
- QUANTUM CORP$27.4M
- X-ENERGY INC$18.4M
- COREWEAVE INC$15.2M
Exited Positions
- ESPERION THERAPEUTICS INC NE$31.2M
- TRANSALTA CORP$20.9M
- NEBIUS GROUP N.V.$20.4M
- ADVISORSHARES TR$11.7M
Two Seas Capital LP Holdings (2026-06-30)
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | STATE STR SPDR S&P 500 ETF T Put | SPY | 78462F103 | $1.11B | 21.89% | 1,480,000 | SH |
| 2 | STATE STR SPDR S&P 500 ETF T Put | SPY | 78462F103 | $595.9M | 11.80% | 798,000 | SH |
| 3 | ROIVANT SCIENCES LTD | ROIV | G76279101 | $299.9M | 5.94% | 8,475,356 | SH |
| 4 | STATE STR SPDR S&P 500 ETF T Put | SPY | 78462F103 | $243.1M | 4.81% | 325,500 | SH |
| 5 | CALUMET INC | CLMT | 131428104 | $238.4M | 4.72% | 6,619,708 | SH |
| 6 | CORE SCIENTIFIC INC NEW | CORZ | 21874A106 | $231.0M | 4.58% | 9,028,509 | SH |
| 7 | NEKTAR THERAPEUTICS | NKTR | 640268306 | $215.9M | 4.28% | 3,092,234 | SH |
| 8 | TALEN ENERGY CORP | TLN | 87422Q109 | $194.9M | 3.86% | 507,208 | SH |
| 9 | INDIVIOR PHARMACEUTICALS INC | INDV | 45579U109 | $142.8M | 2.83% | 3,479,493 | SH |
| 10 | IMMUNOVANT INC | IMVT | 45258J102 | $121.3M | 2.40% | 3,148,505 | SH |
| 11 | USA TODAY CO INC | TDAY | 36472T109 | $120.3M | 2.38% | 14,070,311 | SH |
| 12 | CORE SCIENTIFIC INC NEW Call | CORZ | 21874A106 | $115.2M | 2.28% | 4,500,000 | SH |
| 13 | FIRST SOLAR INC Call | FSLR | 336433107 | $111.3M | 2.20% | 471,500 | SH |
| 14 | SHARONAI HOLDINGS INC | SHAZ | 778920306 | $109.5M | 2.17% | 1,293,753 | SH |
| 15 | SOTERA HEALTH CO | SHC | 83601L102 | $103.6M | 2.05% | 5,836,053 | SH |
| 16 | ARBUTUS BIOPHARMA CORP | ABUS | 03879J100 | $91.7M | 1.82% | 19,095,583 | SH |
| 17 | VISTRA CORP | VST | 92840M102 | $68.3M | 1.35% | 430,621 | SH |
| 18 | FTAI AVIATION LTD | FTAI | G3730V105 | $67.4M | 1.33% | 248,962 | SH |
| 19 | UNIQURE NV | QURE | N90064101 | $66.4M | 1.31% | 1,441,410 | SH |
| 20 | TERAWULF INC | WULF | 88080T104 | $61.6M | 1.22% | 2,493,139 | SH |
| 21 | GOLAR LNG LTD | GLNG | G9456A100 | $60.9M | 1.21% | 1,221,779 | SH |
| 22 | ROIVANT SCIENCES LTD Call | ROIV | G76279101 | $52.5M | 1.04% | 1,482,600 | SH |
| 23 | ECHOSTAR CORP | ECHO | 278768106 | $51.1M | 1.01% | 502,975 | SH |
| 24 | CIPHER DIGITAL INC | CIFR | 17253J106 | $50.0M | 0.99% | 2,040,000 | SH |
| 25 | TERAWULF INC Call | WULF | 88080T104 | $42.0M | 0.83% | 1,700,000 | SH |
| 26 | SPACE EXPLORATION TECHN CORP | SPCX | 84615Q103 | $35.7M | 0.71% | 208,890 | SH |
| 27 | ABIVAX SA Call | ABVX | 00370M103 | $35.5M | 0.70% | 266,400 | SH |
| 28 | CIPHER DIGITAL INC Call | CIFR | 17253J106 | $35.4M | 0.70% | 1,446,600 | SH |
| 29 | ABIVAX SA | ABVX | 00370M103 | $32.6M | 0.65% | 244,590 | SH |
| 30 | STAAR SURGICAL CO | STAA | 852312305 | $30.5M | 0.60% | 1,064,389 | SH |
| 31 | FIRST SOLAR INC | FSLR | 336433107 | $30.2M | 0.60% | 127,984 | SH |
| 32 | DARLING INGREDIENTS INC | DAR | 237266101 | $28.2M | 0.56% | 516,527 | SH |
| 33 | QUANTUM CORP | QMCO | 747906600 | $27.4M | 0.54% | 2,488,535 | SH |
| 34 | SABLE OFFSHORE CORP | SOC | 78574H104 | $25.8M | 0.51% | 8,377,636 | SH |
| 35 | CORE SCIENTIFIC INC NEW Call | CORZ | 21874A106 | $25.6M | 0.51% | 1,000,000 | SH |
| 36 | BITDEER TECHNOLOGIES GROUP | BTDR | G11448100 | $23.8M | 0.47% | 1,500,000 | SH |
| 37 | X-ENERGY INC | XE | 98386P102 | $18.4M | 0.36% | 1,000,000 | SH |
| 38 | HUT 8 CORP | HUT | 44812J104 | $18.2M | 0.36% | 158,082 | SH |
| 39 | BITDEER TECHNOLOGIES GROUP Call | BTDR | G11448100 | $15.9M | 0.31% | 1,000,000 | SH |
| 40 | COREWEAVE INC | CRWV | 21873S108 | $15.2M | 0.30% | 153,139 | SH |
| 41 | BITDEER TECHNOLOGIES GROUP Call | BTDR | G11448100 | $14.6M | 0.29% | 917,500 | SH |
| 42 | CORE SCIENTIFIC INC NEW Call | CORZ | 21874A106 | $12.8M | 0.25% | 500,000 | SH |
| 43 | GOLAR LNG LTD Call | GLNG | G9456A100 | $12.5M | 0.25% | 250,000 | SH |
| 44 | ADVISORSHARES TR Call | MSOS | 00768Y453 | $11.3M | 0.22% | 2,225,300 | SH |
| 45 | SONOS INC | SONO | 83570H108 | $9.6M | 0.19% | 710,612 | SH |
| 46 | LUCID DIAGNOSTICS INC | LUCD | 54948X109 | $6.4M | 0.13% | 6,000,000 | SH |
| 47 | IREN LIMITED | IREN | Q4982L109 | $6.4M | 0.13% | 140,000 | SH |
| 48 | CORE SCIENTIFIC INC NEW | CORZW | 21874A114 | $5.4M | 0.11% | 289,539 | SH |
| 49 | ODYSSEY MARINE EXPL INC | OMEX | 676118201 | $4.8M | 0.09% | 5,592,985 | SH |
| 50 | FERMI INC | FRMI | 314911108 | $3.2M | 0.06% | 352,671 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-12 | $5.05B | 52 | 0001315863-26-000584 |
| 2026-03-31 | 2026-05-15 | $7.15B | 50 | 0001315863-26-000426 |
| 2025-12-31 | 2026-02-11 | $4.85B | 42 | 0001315863-26-000142 |
| 2025-09-30 | 2025-11-14 | $6.23B | 49 | 0001315863-25-000810 |
RYE, NY 10580