Two Seas Capital LP

Investment Portfolio & 13F Holdings Analysis

About

Type: FundHoldings: 26Value: $2.8BLatest: 2025Q1

Two Seas Capital LP is an institutional investment manager that filed its latest Form 13F for 2025Q1, reporting 26 holdings worth $2.8 billion. Form 13F filings provide transparency into the equity holdings of institutional investment managers with over $100 million in assets under management. This page displays the most recent portfolio holdings, allowing investors to track position changes, new investments, and portfolio composition.

AI_NATIVE detailed information: This accession holds the following tickers:[
  "FTAI",
  "SONO",
  "AVDL",
  "IREN",
  null,
  "ABUS",
  "CORZ",
  "ESPR",
  "GLNG",
  null,
  "SPY",
  "HUT",
  "TLN",
  "ADAP",
  "INDV.L",
  "ARDX",
  "OMEX",
  "SHC",
  "ROIV",
  "GCI",
  "VST",
  null,
  "IMVT",
  "CLMT",
  "WULF",
  "QQQ"
]

Filing Details

13F-HR • 2025-03-31

SEC FilingSEC DataHachi Filing

Report Date: 2025-03-31
Filing Date: 2025-05-15
Total Holdings: 26
Total Value: 2771723047
Accession Number: 0001315863-25-000402
Form Type: 13F-HR
CIK: two-seas-capital-lp
Manager Name: Two-Seas-Capital-Lp

Data Enrichment

88% identified

23 identified3 unidentified

Holdings

SEC FilingSEC DataHachi Filing

Manager:

26 positions • $2.8B total value

SEC FilingSEC DataHachi Filing

Manager:

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SPDR S&P 500 ETF TRUST

SPY|78462F103

Shares:1.6M

Value:$923.0M

% of Portfolio:33.3% ($923.0M/$2.8B)

INVESCO QQQ TRUST, SERIES 1

QQQ|46090E103

Shares:1.5M

Value:$715.1M

% of Portfolio:25.8% ($715.1M/$2.8B)

464288513

Shares:7.3M

Value:$577.9M

% of Portfolio:20.9% ($577.9M/$2.8B)

INDIVIOR PLC

INDV.L|G4766E116

Shares:11.4M

Value:$106.5M

% of Portfolio:3.8% ($106.5M/$2.8B)

Roivant Sciences Ltd.

ROIV|G76279101

Shares:10.1M

Value:$102.3M

% of Portfolio:3.7% ($102.3M/$2.8B)

Talen Energy Corp

TLN|87422Q109

Shares:250.0K

Value:$49.9M

% of Portfolio:1.8% ($49.9M/$2.8B)

AVADEL PHARMACEUTICALS PLC

AVDL|G29687103

Shares:4.9M

Value:$38.7M

% of Portfolio:1.4% ($38.7M/$2.8B)

Sotera Health Co

SHC|83601L102

Shares:3.3M

Value:$38.7M

% of Portfolio:1.4% ($38.7M/$2.8B)

Calumet, Inc. /DE

CLMT|131428104

Shares:2.9M

Value:$36.3M

% of Portfolio:1.3% ($36.3M/$2.8B)

Vistra Corp.

VST|92840M102

Shares:300.0K

Value:$35.2M

% of Portfolio:1.3% ($35.2M/$2.8B)

Arbutus Biopharma Corp

ABUS|03879J100

Shares:9.5M

Value:$33.0M

% of Portfolio:1.2% ($33.0M/$2.8B)

Immunovant, Inc.

IMVT|45258J102

Shares:1.6M

Value:$28.1M

% of Portfolio:1.0% ($28.1M/$2.8B)

GOLAR LNG LTD

GLNG|G9456A100

Shares:515.9K

Value:$19.6M

% of Portfolio:0.7% ($19.6M/$2.8B)

FTAI Aviation Ltd.

FTAI|G3730V105

Shares:115.7K

Value:$12.8M

% of Portfolio:0.5% ($12.8M/$2.8B)

ARDELYX, INC.

ARDX|039697107

Shares:2.1M

Value:$10.4M

% of Portfolio:0.4% ($10.4M/$2.8B)

Esperion Therapeutics, Inc.

ESPR|29664W105

Shares:6.9M

Value:$10.0M

% of Portfolio:0.4% ($10.0M/$2.8B)

Gannett Co., Inc.

GCI|36472T109

Shares:2.8M

Value:$8.1M

% of Portfolio:0.3% ($8.1M/$2.8B)

Core Scientific, Inc./tx

CORZ|21874A106

Shares:836.5K

Value:$6.1M

% of Portfolio:0.2% ($6.1M/$2.8B)

Sonos Inc

SONO|83570H108

Shares:431.0K

Value:$4.6M

% of Portfolio:0.2% ($4.6M/$2.8B)

IREN Ltd

IREN|Q4982L109

Shares:665.0K

Value:$4.0M

% of Portfolio:0.1% ($4.0M/$2.8B)

Instrument	Shares		Other Manager	Value	% of Portfolio
SPDR S&P 500 ETF TRUST(SPYcusip78462F103)	1.6M	QoQ +725.00% (+1.4M) YoY NEW(+1.6M)	All Managers (Combined)	$923.0M	33.3% ($923.0M/$2.8B)	QoQ +687.42% (+$805.8M) YoY NEW(+$923.0M)
INVESCO QQQ TRUST, SERIES 1(QQQcusip46090E103)	1.5M	QoQ +666.33% (+1.3M) YoY NEW(+1.5M)	All Managers (Combined)	$715.1M	25.8% ($715.1M/$2.8B)	QoQ +602.90% (+$613.4M) YoY NEW(+$715.1M)
(cusip464288513)✕	7.3M	QoQ NEW(+7.3M) YoY NEW(+7.3M)	All Managers (Combined)	$577.9M	20.9% ($577.9M/$2.8B)	QoQ NEW(+$577.9M) YoY NEW(+$577.9M)
INDIVIOR PLC(INDV.LcusipG4766E116)	11.4M	QoQ -8.75% (-1.1M) YoY -14.21% (-1.9M)	All Managers (Combined)	$106.5M	3.8% ($106.5M/$2.8B)	QoQ -31.21% (-$48.3M) YoY -62.47% (-$177.3M)
Roivant Sciences Ltd.(ROIVcusipG76279101)	10.1M	QoQ -0.30% (-31.5K) YoY +27.81% (+2.2M)	All Managers (Combined)	$102.3M	3.7% ($102.3M/$2.8B)	QoQ -14.97% (-$18.0M) YoY +22.35% (+$18.7M)
Talen Energy Corp(TLNcusip87422Q109)	250.0K	QoQ -28.57% (-100.0K) YoY NEW(+250.0K)	All Managers (Combined)	$49.9M	1.8% ($49.9M/$2.8B)	QoQ -29.20% (-$20.6M) YoY NEW(+$49.9M)
AVADEL PHARMACEUTICALS PLC(AVDLcusipG29687103)	4.9M	QoQ +15.12% (-650.0K) YoY NEW(+4.9M)	All Managers (Combined)	$38.7M	1.4% ($38.7M/$2.8B)	QoQ -14.22% (-$6.4M) YoY NEW(+$38.7M)
Sotera Health Co(SHCcusip83601L102)	3.3M	QoQ +14.67% (-425.0K) YoY +1007.04% (+3.0M)	All Managers (Combined)	$38.7M	1.4% ($38.7M/$2.8B)	QoQ -2.25% (-$894.7K) YoY +974.78% (+$35.1M)
Calumet, Inc. /DE(CLMTcusip131428104)	2.9M	QoQ +616.62% (+2.5M) YoY NEW(+2.9M)	All Managers (Combined)	$36.3M	1.3% ($36.3M/$2.8B)	QoQ +312.66% (+$27.5M) YoY NEW(+$36.3M)
Vistra Corp.(VSTcusip92840M102)	300.0K	QoQ -20.86% (-79.1K) YoY +52.01% (+102.6K)	All Managers (Combined)	$35.2M	1.3% ($35.2M/$2.8B)	QoQ -32.58% (-$17.0M) YoY +156.31% (+$21.5M)
Arbutus Biopharma Corp(ABUScusip03879J100)	9.5M	QoQ +8.29% (+725.0K) YoY +20.70% (+1.6M)	All Managers (Combined)	$33.0M	1.2% ($33.0M/$2.8B)	QoQ +15.58% (+$4.5M) YoY +63.28% (+$12.8M)
Immunovant, Inc.(IMVTcusip45258J102)	1.6M	QoQ +8.67% (-131.2K) YoY +203.48% (+1.1M)	All Managers (Combined)	$28.1M	1.0% ($28.1M/$2.8B)	QoQ -25.01% (-$9.4M) YoY +60.52% (+$10.6M)
GOLAR LNG LTD(GLNGcusipG9456A100)	515.9K	QoQ NEW(+515.9K) YoY NEW(+515.9K)	All Managers (Combined)	$19.6M	0.7% ($19.6M/$2.8B)	QoQ NEW(+$19.6M) YoY NEW(+$19.6M)
FTAI Aviation Ltd.(FTAIcusipG3730V105)	115.7K	QoQ NEW(+115.7K) YoY NEW(+115.7K)	All Managers (Combined)	$12.8M	0.5% ($12.8M/$2.8B)	QoQ NEW(+$12.8M) YoY NEW(+$12.8M)
ARDELYX, INC.(ARDXcusip039697107)	2.1M	QoQ +14.28% (+265.0K) YoY NEW(+2.1M)	All Managers (Combined)	$10.4M	0.4% ($10.4M/$2.8B)	QoQ +10.67% (+$1.0M) YoY NEW(+$10.4M)
Esperion Therapeutics, Inc.(ESPRcusip29664W105)	6.9M	QoQ +11.23% (-700.0K) YoY +66.38% (-2.8M)	All Managers (Combined)	$10.0M	0.4% ($10.0M/$2.8B)	QoQ -27.19% (-$3.7M) YoY -10.60% (-$1.2M)
Gannett Co., Inc.(GCIcusip36472T109)	2.8M	QoQ +146.72% (+1.7M) YoY NEW(+2.8M)	All Managers (Combined)	$8.1M	0.3% ($8.1M/$2.8B)	QoQ +40.91% (+$2.4M) YoY NEW(+$8.1M)
Core Scientific, Inc./tx(CORZcusip21874A106)	836.5K	QoQ -86.57% (-5.4M) YoY -78.16% (-3.0M)	All Managers (Combined)	$6.1M	0.2% ($6.1M/$2.8B)	QoQ -93.08% (-$81.5M) YoY -55.34% (-$7.5M)
Sonos Inc(SONOcusip83570H108)	431.0K	QoQ -18.50% (-97.9K) YoY +6.78% (-27.4K)	All Managers (Combined)	$4.6M	0.2% ($4.6M/$2.8B)	QoQ -42.18% (-$3.4M) YoY -40.22% (-$3.1M)
IREN Ltd(IRENcusipQ4982L109)	665.0K	QoQ -22.67% (-195.0K) YoY NEW(+665.0K)	All Managers (Combined)	$4.0M	0.1% ($4.0M/$2.8B)	QoQ -52.04% (-$4.4M) YoY NEW(+$4.0M)