Latest Two Seas Capital LP Stock Portfolio

Two Seas Capital LP Performance:

2025 Q4: 8.45%YTD: 37.48%2024: 15.91%

Performance for 2025 Q4 is 8.45%, and YTD is 37.48%, 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 2026-02-11, the fund reported it's updated stock portfolio. In the 13F Holdings report, Two Seas Capital LP reported an equity portfolio of $4.9 Billions as of 31 Dec, 2025.

The top stock holdings of Two Seas Capital LP are , ROIV, . The fund has invested 5.1% of it's portfolio in CORE SCIENTIFIC INC NEW and 4.4% of portfolio in ROIVANT SCIENCES LTD.

The fund managers got completely rid off AVADEL PHARMACEUTICALS PLC and ANI PHARMACEUTICALS INC (ANIP) stocks. They significantly reduced their stock positions in COREWEAVE INC, META PLATFORMS INC (META) and SONOS INC (SONO). Two Seas Capital LP opened new stock positions in NEKTAR THERAPEUTICS (NKTR) and HUT 8 CORP. The fund showed a lot of confidence in some stocks as they added substantially to SABLE OFFSHORE CORP, ADVISORSHARES TR (ACT) and NEBIUS GROUP N.V. (YNDX).

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

Our best estimate is that Two Seas Capital LP made a return of 8.45% in the last quarter. In trailing 12 months, it's portfolio return was 37.48%.

Performance
S&P 500

New Buys

Ticker	$ Bought
nektar therapeutics	31,506,400
hut 8 corp	22,579,500

New stocks bought by Two Seas Capital LP

Additions

Ticker	% Inc.
sable offshore corp	182
advisorshares tr	116
nebius group n.v.	46.91
vistra corp	46.89
talen energy corp	46.87
echostar corp	37.5
sotera health co	30.8
esperion therapeutics inc ne	22.08

Additions to existing portfolio by Two Seas Capital LP

Reductions

Ticker	% Reduced
coreweave inc	-60.58
indivior plc	-51.36
meta platforms inc	-41.2
sonos inc	-39.28
cipher mining inc	-33.82
ftai aviation ltd	-30.93
roivant sciences ltd	-16.69
first solar inc	-16.56

Two Seas Capital LP reduced stake in above stock

Sold off

Ticker	$ Sold
avadel pharmaceuticals plc	-81,985,900
burford cap ltd	-19,160,700
bitdeer technologies group	-7,690,500
galaxy digital inc.	-1,183,350
ani pharmaceuticals inc	-2,356,040

Two Seas Capital LP got rid off the above stocks

Sector Distribution

Two Seas Capital LP has about 50% of it's holdings in Others sector.

Sector	%
Others	50
Healthcare	29.4
Technology	7.2
Communication Services	4.9
Financial Services	3.3
Industrials	2.7
Utilities	2.4

Market Cap. Distribution

Two Seas Capital LP has about 8.9% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
UNALLOCATED	50
MID-CAP	23.8
SMALL-CAP	14.1
LARGE-CAP	8.9
MICRO-CAP	2.4

Stocks belong to which Index?

About 26.3% of the stocks held by Two Seas Capital LP either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	73.7
RUSSELL 2000	21.4
S&P 500	4.9

Top 5 Winners (%)		%
IMVT	immunovant inc	56.0 %
ROIV	roivant sciences ltd	39.8 %
	indivior plc	36.3 %
ESPR	esperion therapeutics inc ne	34.8 %
SATS	echostar corp	34.6 %

Top 5 Winners ($)		$
	indivior plc	91.9 M
ROIV	roivant sciences ltd	70.8 M
IMVT	immunovant inc	26.2 M
GCI	usa today co inc	14.7 M
FSLR	first solar inc	12.7 M

Top 5 Losers (%)		%
	sable offshore corp	-38.8 %
	coreweave inc	-33.2 %
	core scientific inc new	-27.3 %
YNDX	nebius group n.v.	-22.3 %
	core scientific inc new	-18.9 %

Top 5 Losers ($)		$
	core scientific inc new	-54.7 M
	talen energy corp	-16.6 M
	coreweave inc	-12.7 M
	sable offshore corp	-9.9 M
YNDX	nebius group n.v.	-8.3 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 29 stocks in it's portfolio. About 26.6% 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: 11 Feb, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
ABUS	arbutus biopharma corp	1.25	12,589,200	60,553,800	added	14.54

ACT	advisorshares tr	0.32	3,252,410	15,351,400	added	116

ANIP	ani pharmaceuticals inc	0.00	0.00	0.00	sold off	-100

CIFR	cipher mining inc	0.09	305,756	4,512,960	reduced	-33.82

ESPR	esperion therapeutics inc ne	0.91	11,902,500	44,039,300	added	22.08

FSLR	first solar inc	1.53	284,259	74,257,000	reduced	-16.56

FTAI	ftai aviation ltd	0.76	186,209	36,655,200	reduced	-30.93

GCI	usa today co inc	1.54	14,552,600	74,946,000	added	2.62

IMVT	immunovant inc	1.50	2,866,960	72,878,200	added	3.8

LUCD	lucid diagnostics inc	0.07	3,000,000	3,270,000	unchanged	0.00

META	meta platforms inc	0.19	14,272	9,420,800	reduced	-41.2

NKTR	nektar therapeutics	0.65	745,185	31,506,400	new

OMEX	odyssey marine expl inc	0.21	5,185,030	10,162,700	added	13.46

ROIV	roivant sciences ltd	4.38	9,791,890	212,484,000	reduced	-16.69

SATS	echostar corp	0.90	402,135	43,712,100	added	37.5

SHC	sotera health co	1.60	4,412,110	77,829,600	added	30.8

SONO	sonos inc	0.12	322,462	5,662,430	reduced	-39.28

VST	vistra corp	0.83	249,707	40,285,200	added	46.89

WULF	terawulf inc	1.07	4,502,790	51,737,100	added	16.92

YNDX	nebius group n.v.	0.59	344,482	28,834,900	added	46.91