Two Seas Capital LP
13F Reported Value
ⓘ$5.0B
incl. option notional
Equity Holdings
ⓘ$2.6B
Option Notional
ⓘ$2.4B
$1.9B puts / $484.4M calls
Holdings
47
Latest Filing
2026-06-30
Filing Quarter
Q2 2026
Portfolio Overview
Two Seas Capital LP disclosed 47 positions worth $5.0B in its Form 13F-HR for Q2 2026 — $2.6B in common stock plus $2.4B of put/call option positions (reported at underlying notional value, not premium at risk), led by $SPY (SPDR S&P 500 ETF TRUST) puts, followed by $ROIV and $CLMT. During the quarter the fund opened 10 new positions and exited 10 — including a new stake in $WULF. The portfolio is most concentrated in Healthcare (42.5% of disclosed assets). All figures are sourced directly from Two Seas Capital LP’s Form 13F-HR filing with the SEC under CIK 1823138.
AI Fund Analysis
DiversifyingSector Allocation
AUM History
Top Equity Holdings by Value
Option Positions
13F rules report options at the value of the underlying shares (notional) — not the premium paid or capital at risk. Shown separately from the equity sleeve above.
Quarterly Activity — Q2 2026
Click any card to unlockTop Holdings
- —
Quality
$1.9B2,603,500 sh - —
Quality
$299.9M8,475,356 sh - 40.2#2,114
Quality
$238.4M6,619,708 sh - 14.1
Quality
$231.0M9,028,509 sh - 9.7
Quality
$215.9M3,092,234 sh - 57.2
Quality
$194.9M507,208 sh - 14.1
Quality
$153.5M6,000,000 sh - 58.5
Quality
$142.8M3,479,493 sh - —
Quality
$121.3M3,148,505 sh - 37.5
Quality
$120.3M14,070,311 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
 SPDR S&P 500 ETF TRUST$SPYPUT | — | $1.9B | 2,603,500 |
 Roivant Sciences Ltd.$ROIV | — | $299.9M | 8,475,356 |
 Calumet, Inc. /DE$CLMT | 40.2#2,114 | $238.4M | 6,619,708 |
 Core Scientific, Inc./tx$CORZ | 14.1 | $231.0M | 9,028,509 |
 NEKTAR THERAPEUTICS$NKTR | 9.7 | $215.9M | 3,092,234 |
 Talen Energy Corp$TLN | 57.2 | $194.9M | 507,208 |
| Core Scientific, Inc./tx$CORZCALL | 14.1 | $153.5M | 6,000,000 |
 Indivior Pharmaceuticals, Inc.$INDV | 58.5 | $142.8M | 3,479,493 |
 Immunovant, Inc.$IMVT | — | $121.3M | 3,148,505 |
 USA TODAY Co., Inc.$TDAY | 37.5 | $120.3M | 14,070,311 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of Two Seas Capital LP's 47 positions.
Showing top 10 of 47 holdings.
Sector Allocation
Healthcare
$1.1B
Financials
$397.1M
Energy
$264.2M
Utilities
$263.2M
Technology
$227.7M
Communication Services
$171.4M
Industrials
$151.4M
Consumer Staples
$28.2M
Full Holdings — Two Seas Capital LP (Q2 2026)
All 47 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.
| # | Ticker | Company | Value | Weight | QoQ | Quality |
|---|---|---|---|---|---|---|
| 1 | $SPYPUT | SPDR S&P 500 ETF TRUST | $1.9B | — | -60% | — |
| 2 | $ROIV | Roivant Sciences Ltd. | $299.9M | 11.4% | -9% | — |
| 3 | $CLMT | Calumet, Inc. /DE | $238.4M | 9.1% | +11% | 40.2 |
| 4 | $CORZ | Core Scientific, Inc./tx | $231.0M | 8.8% | -44% | 14.1 |
| 5 | $NKTR | NEKTAR THERAPEUTICS | $215.9M | 8.2% | +58% | 9.7 |
| 6 | $TLN | Talen Energy Corp | $194.9M | 7.4% | -12% | 57.2 |
| 7 | $CORZCALL | Core Scientific, Inc./tx | $153.5M | — | +137% | 14.1 |
| 8 | $INDV | Indivior Pharmaceuticals, Inc. | $142.8M | 5.5% | -27% | 58.5 |
| 9 | $IMVT | Immunovant, Inc. | $121.3M | 4.6% | -2% | — |
| 10 | $TDAY | USA TODAY Co., Inc. | $120.3M | 4.6% | +0% | 37.5 |
| 11 |  $FSLRCALL | FIRST SOLAR, INC. | $111.3M | — | +3% | 79.2 |
| 12 |  $SHAZ | SharonAI Holdings Inc. | $109.5M | 4.2% | +211% | 44.5 |
| 13 |  $SHC | Sotera Health Co | $103.6M | 4.0% | -3% | 64.4 |
| 14 |  $ABUS | Arbutus Biopharma Corp | $91.7M | 3.5% | +3% | 7.3 |
| 15 |  $VST | Vistra Corp. | $68.3M | 2.6% | +132% | 71.9 |
| 16 |  $FTAI | FTAI Aviation Ltd. | $67.4M | 2.6% | -3% | — |
| 17 |  $QURE | uniQure N.V. | $66.4M | 2.5% | +11% | — |
| 18 |  $WULF | TERAWULF INC. | $61.6M | 2.4% | -38% | 33.8 |
| 19 |  $GLNG | GOLAR LNG LTD | $60.9M | 2.3% | -4% | — |
| 20 | $ROIVCALL | Roivant Sciences Ltd. | $52.5M | — | +102% | — |
| 21 |  $ECHO | EchoStar CORP | $51.1M | 1.9% | +32% | 32.8 |
| 22 |  $CIFR | Cipher Digital Inc. | $50.0M | 1.9% | -0% | 30.6 |
| 23 | $WULFCALL | TERAWULF INC. | $42.0M | — | NEW | 33.8 |
| 24 |  $SPCX | SPACE EXPLORATION TECHNOLOGIES CORP | $35.7M | 1.4% | NEW | — |
| 25 |  $ABVXCALL | Abivax S.A. | $35.5M | — | NEW | — |
| 26 | $CIFRCALL | Cipher Digital Inc. | $35.4M | — | NEW | 30.6 |
| 27 | $ABVX | Abivax S.A. | $32.6M | 1.2% | NEW | — |
| 28 |  $STAA | STAAR SURGICAL CO | $30.5M | 1.2% | +3% | 28.6 |
| 29 |  $BTDRCALL | Bitdeer Technologies Group | $30.4M | — | NEW | — |
| 30 | $FSLR | FIRST SOLAR, INC. | $30.2M | 1.1% | -58% | 79.2 |
| 31 |  $DAR | DARLING INGREDIENTS INC. | $28.2M | 1.1% | +3025% | 63.5 |
| 32 |  $QMCO | QUANTUM CORP /DE/ | $27.4M | 1.0% | NEW | 26.2 |
| 33 |  $SOC | Sable Offshore Corp. | $25.8M | 1.0% | +52% | — |
| 34 | $BTDR | Bitdeer Technologies Group | $23.8M | 0.9% | -33% | — |
| 35 |  $XE | X-Energy, Inc. | $18.4M | 0.7% | NEW | — |
| 36 |  $HUT | Hut 8 Corp. | $18.2M | 0.7% | -37% | 37.4 |
| 37 |  $CRWV | CoreWeave, Inc. | $15.2M | 0.6% | NEW | 52.2 |
| 38 | $GLNGCALL | GOLAR LNG LTD | $12.5M | — | +0% | — |
| 39 | — | ADVISORSHARES TR - PURE US CANN ETF | $11.3M | — | +0% | — |
| 40 |  $SONO | Sonos Inc | $9.6M | 0.4% | -23% | 50.6 |
| 41 |  $LUCD | Lucid Diagnostics Inc. | $6.4M | 0.3% | +100% | — |
| 42 |  $IREN | IREN Ltd | $6.4M | 0.2% | NEW | 46.3 |
| 43 | $CORZ | Core Scientific, Inc./tx | $5.4M | 0.2% | +0% | 14.1 |
| 44 |  $OMEX | ODYSSEY MARINE EXPLORATION INC | $4.8M | 0.2% | +0% | — |
| 45 |  $FRMI | Fermi Inc. | $3.2M | 0.1% | +1299% | — |
| 46 |  $PAVM | PAVmed Inc. | $2.7M | 0.1% | +0% | — |
| 47 | $CORZ | Core Scientific, Inc./tx | $600,505 | 0.0% | +0% | 14.1 |
New Positions (10)
$WULFCALL TERAWULF INC.$42.0M$SPCX SPACE EXPLORATION TECHNOLOGIES CORP$35.7M$ABVXCALL Abivax S.A.$35.5M$CIFRCALL Cipher Digital Inc.$35.4M$ABVX Abivax S.A.$32.6M$BTDRCALL Bitdeer Technologies Group$30.4M$QMCO QUANTUM CORP /DE/$27.4M$XE X-Energy, Inc.$18.4M$CRWV CoreWeave, Inc.$15.2M$IREN IREN Ltd$6.4M
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