Latest Two Seas Capital LP Stock Portfolio

Two Seas Capital LP Performance:

2025 Q3: 26.11%YTD: 26.77%2024: 15.91%

Performance for 2025 Q3 is 26.11%, and YTD is 26.77%, and 2024 is 15.91%.

About Two Seas Capital LP and 13F Hedge Fund Stock Holdings

Two Seas Capital LP is a hedge fund based in RYE, NY. On 27-Apr-2023, the fund reported that it had an AUM (Regulated Assets under Management) of $605.7 Millions. In it's latest 13F Holdings report, Two Seas Capital LP reported an equity portfolio of $6.2 Billions as of 30 Sep, 2025.

The top stock holdings of Two Seas Capital LP are , , ROIV. The fund has invested 4.4% of it's portfolio in CORE SCIENTIFIC INC NEW and 4.1% of portfolio in INDIVIOR PLC.

The fund managers got completely rid off CONSTELLATION ENERGY CORP (CEG), IREN LIMITED and PROSHARES TR (ANEW) stocks. They significantly reduced their stock positions in VISTRA CORP (VST), SOTERA HEALTH CO (SHC) and CORE SCIENTIFIC INC NEW. Two Seas Capital LP opened new stock positions in COREWEAVE INC, ECHOSTAR CORP (SATS) and ADVISORSHARES TR (ACT). The fund showed a lot of confidence in some stocks as they added substantially to FIRST SOLAR INC (FSLR), ODYSSEY MARINE EXPL INC (OMEX) and CORE SCIENTIFIC INC NEW.

Two Seas Capital LP Annual Return Estimates Vs S&P 500

Our best estimate is that Two Seas Capital LP made a return of 26.11% in the last quarter. In trailing 12 months, it's portfolio return was 35.8%.

Performance
S&P 500

New Buys

Ticker	$ Bought
coreweave inc	38,188,100
echostar corp	22,333,000
bitdeer technologies group	7,690,500
advisorshares tr	7,185,000
lucid diagnostics inc	3,030,000
ani pharmaceuticals inc	2,356,040
galaxy digital inc.	1,183,350

New stocks bought by Two Seas Capital LP

Additions

Ticker	% Inc.
first solar inc	3,306
odyssey marine expl inc	219
core scientific inc new	126
sonos inc	88.95
cipher mining inc	84.8
terawulf inc	68.39
meta platforms inc	61.12
ftai aviation ltd	50.75

Additions to existing portfolio by Two Seas Capital LP

Reductions

Ticker	% Reduced
vistra corp	-26.49
sotera health co	-16.11
core scientific inc new	-13.92
avadel pharmaceuticals plc	-12.77
talen energy corp	-11.24
indivior plc	-7.92
nebius group n.v.	-6.21
esperion therapeutics inc ne	-2.06

Two Seas Capital LP reduced stake in above stock

Sold off

Ticker	$ Sold
adaptimmune therapeutics plc	-5,412,590
wolfspeed inc	-961,950
ardelyx inc	-6,034,510
iren limited	-14,160,500
proshares tr	-9,785,000
applied digital corp	-5,035,000
constellation energy corp	-15,391,800
nrg energy inc	-2,408,700

Two Seas Capital LP got rid off the above stocks

Sector Distribution

Two Seas Capital LP has about 59.4% of it's holdings in Others sector.

Sector	%
Others	59.4
Healthcare	21.4
Technology	6.4
Communication Services	4.6
Industrials	3.2
Financial Services	3
Utilities	2

Market Cap. Distribution

Two Seas Capital LP has about 10.3% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
UNALLOCATED	59.4
MID-CAP	17.9
SMALL-CAP	11.7
LARGE-CAP	9.2
MEGA-CAP	1.1

Stocks belong to which Index?

About 22.9% of the stocks held by Two Seas Capital LP either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	77.1
RUSSELL 2000	17.3
S&P 500	5.6

Top 5 Winners (%)		%
ESPR	esperion therapeutics inc ne	167.5 %
YNDX	nebius group n.v.	99.7 %
WULF	terawulf inc	96.6 %
CIFR	cipher mining inc	91.6 %
	avadel pharmaceuticals plc	67.9 %

Top 5 Winners ($)		$
	indivior plc	102.7 M
ROIV	roivant sciences ltd	43.1 M
	talen energy corp	38.2 M
	avadel pharmaceuticals plc	37.0 M
WULF	terawulf inc	21.6 M

Top 5 Losers (%)		%
	sable offshore corp	-18.2 %
	burford cap ltd	-16.0 %
	golar lng ltd	-1.7 %
META	meta platforms inc	-0.4 %

Top 5 Losers ($)		$
	burford cap ltd	-3.7 M
	sable offshore corp	-2.4 M
	golar lng ltd	-0.8 M
META	meta platforms inc	-0.1 M

Two Seas Capital LP Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Two Seas Capital LP

Two Seas Capital LP has 32 stocks in it's portfolio. About 20% of the portfolio is in top 10 stocks. proved to be the most loss making stock for the portfolio. was the most profitable stock for Two Seas Capital LP last quarter.

Last Reported on: 14 Nov, 2025

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
ABUS	arbutus biopharma corp	0.80	10,991,300	49,900,300	added	5.25

ACT	advisorshares tr	0.12	1,500,000	7,185,000	new

ADAP	adaptimmune therapeutics plc	0.00	0.00	0.00	sold off	-100

ANEW	proshares tr	0.00	0.00	0.00	sold off	-100

ANIP	ani pharmaceuticals inc	0.04	25,721	2,356,040	new

APLD	applied digital corp	0.00	0.00	0.00	sold off	-100

ARDX	ardelyx inc	0.00	0.00	0.00	sold off	-100

CEG	constellation energy corp	0.00	0.00	0.00	sold off	-100

CIFR	cipher mining inc	0.09	462,000	5,816,580	added	84.8

ESPR	esperion therapeutics inc ne	0.42	9,749,720	25,836,800	reduced	-2.06

FSLR	first solar inc	1.21	340,692	75,132,800	added	3,306

FTAI	ftai aviation ltd	0.72	269,601	44,985,600	added	50.75

GCI	gannett co inc	0.94	14,180,600	58,566,000	added	26.27

IMVT	immunovant inc	0.72	2,762,040	44,524,100	added	22.61

LUCD	lucid diagnostics inc	0.05	3,000,000	3,030,000	new

META	meta platforms inc	0.29	24,272	17,824,900	added	61.12

NRG	nrg energy inc	0.00	0.00	0.00	sold off	-100

OMEX	odyssey marine expl inc	0.14	4,570,010	8,911,520	added	219

ROIV	roivant sciences ltd	2.86	11,754,200	177,840,000	added	10.91

SATS	echostar corp	0.36	292,470	22,333,000	new