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Two Seas Capital LP Portfolio
$8.7B across 47 positions as of 2026-09-30, with 83% of it in the ten largest. 4 quarters on file.
How the reported portfolio did
Each 13F's long stock positions, held to the next quarter's end, against the S&P 500. Yearly rates, on closes without dividends.
1 year
—
a quarter missing or too little priced
3 years
—
a quarter missing or too little priced
5 years
—
a quarter missing or too little priced
Quarters ahead
0 of 2
| Quarter | Portfolio | S&P 500 |
|---|---|---|
| Jun 30, 2026 to Sep 30, 2026 | — | +2.1% |
| Mar 31, 2026 to Jun 30, 2026 | — | +14.8% |
| Dec 31, 2025 to Mar 31, 2026 | — | -4.6% |
| Sep 30, 2025 to Dec 31, 2025 | — | +2.4% |
| Jun 30, 2025 to Sep 30, 2025 | — | +7.8% |
| Mar 31, 2025 to Jun 30, 2025 | — | +10.5% |
| Dec 31, 2024 to Mar 31, 2025 | — | -4.6% |
| Sep 30, 2024 to Dec 31, 2024 | — | +2.1% |
Largest first
Share is of this manager's reported book. A holding with no symbol is one this site does not track as a company; the filing's own name for it is shown instead.
| Holding | Value | Share | Shares |
|---|---|---|---|
| QQQInvesco QQQ Trust, Series 1put — a bet against | $4B | 46.0% | 5,393,000 |
| SPYState Street SPDR S&P 500 ETF Trustput — a bet against | $1.1B | 13.1% | 1,490,000 |
| IWMiShares Russell 2000 Index Fundput — a bet against | $688.5M | 7.9% | 2,477,700 |
| CALUMET INC | $276.6M | 3.2% | 5,280,659 |
| ROIVANT SCIENCES LTD | $267.9M | 3.1% | 7,325,356 |
| NKTRNektar Therapeutics | $202.6M | 2.3% | 3,345,978 |
| CORE SCIENTIFIC INC NEW | $182.6M | 2.1% | 11,425,928 |
| TALEN ENERGY CORP | $167.4M | 1.9% | 535,493 |
| IMMUNOVANT INC | $155.8M | 1.8% | 4,612,692 |
| INDIVIOR PHARMACEUTICALS INC | $131.6M | 1.5% | 3,671,072 |
| SOTERA HEALTH CO | $113M | 1.3% | 6,111,053 |
| SHARONAI HOLDINGS INC | $106.2M | 1.2% | 1,945,876 |
| USA TODAY CO INC | $91.2M | 1.1% | 14,504,707 |
| ROIVANT SCIENCES LTDcall | $82.1M | 0.9% | 2,244,400 |
| TERAWULF INCcall | $78.1M | 0.9% | 5,275,000 |
| CIPHER DIGITAL INC | $68.9M | 0.8% | 4,354,745 |
| ABIVAX SA | $67M | 0.8% | 676,589 |
| FSLRFirst Solar Inc | $66.2M | 0.8% | 377,984 |
| SABLE OFFSHORE CORP | $59.2M | 0.7% | 17,101,876 |
| GOLAR LNG LTD | $57.1M | 0.7% | 1,200,679 |
| SEISolaris Energy Infrastructure Inc | $56M | 0.6% | 786,838 |
| VSTVistra Corp | $52.4M | 0.6% | 378,854 |
| TERAWULF INC | $50.1M | 0.6% | 3,384,531 |
| ECHOSTAR CORP | $48.7M | 0.6% | 544,646 |
| QMCOQuantum Corp | $47.3M | 0.5% | 1,490,992 |
| TALEN ENERGY CORPcall | $46.9M | 0.5% | 150,000 |
| FTAI AVIATION LTD | $45.3M | 0.5% | 271,260 |
| CORE SCIENTIFIC INC NEWcall | $43.9M | 0.5% | 2,750,000 |
| CIPHER DIGITAL INCcall | $40.5M | 0.5% | 2,560,000 |
| ARBUTUS BIOPHARMA CORP | $38.9M | 0.4% | 8,143,994 |
| SHARONAI HOLDINGS INCcall | $32.3M | 0.4% | 592,300 |
| UNIQURE NV | $32M | 0.4% | 1,324,022 |
| SPCXSpace Exploration Technologies Corp | $31.5M | 0.4% | 208,890 |
| HUT 8 CORP | $30M | 0.3% | 347,942 |
| STAAR SURGICAL CO | $29.5M | 0.3% | 1,304,957 |
| X-ENERGY INC | $19.8M | 0.2% | 1,394,413 |
| GOLAR LNG LTDcall | $11.9M | 0.1% | 250,000 |
| ADVISORSHARES TRcall | $10.1M | 0.1% | 2,225,300 |
| SABLE OFFSHORE CORPcall | $6.2M | 0.1% | 1,800,000 |
| LUCID DIAGNOSTICS INC | $4.5M | 0.1% | 6,000,000 |
| ODYSSEY MARINE EXPL INC | $3.8M | 0.0% | 5,592,985 |
| IREN LIMITEDcall | $3M | 0.0% | 74,500 |
| CORE SCIENTIFIC INC NEW | $2.7M | 0.0% | 289,539 |
| PAVMED INC | $1.7M | 0.0% | 461,539 |
| FERMI INC | $1.5M | 0.0% | 352,671 |
| APPLIED DIGITAL CORP | $1.2M | 0.0% | 50,000 |
| CORE SCIENTIFIC INC NEW | $389.1K | 0.0% | 24,107 |
Quarter ending 2026-09-30.
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