Two Seas Capital LP

CIK

1823138

Location

RYE, NY

Portfolio Value

Mid $5,031,440,930

Diversification

Moderately concentrated

Filing Date

Global Rank

#741 / 8,710 ▼ 160

Top Industry

Biotechnology 29.7%

Period ended 3 months ago

Filed Aug 12, 2026 · 40d

19 quarters · since Dec 2021

Portfolio Concentration

36 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

38.6%

−20.4 pts

Top 5

62.3%

−11.5 pts

Top 10

76.6%

−8.9 pts

HHI

1,717

Moderately concentrated−1,871

Portfolio Trend

19 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	38.6%	$1,944,215,695	1
Healthcare	23.9%	$1,201,789,881	11
Technology	16.4%	$827,452,263	8
Utilities	5.2%	$263,209,155	2
Basic Materials	4.8%	$243,195,919	2
Communication Services	3.4%	$171,353,121	2
Financial Services	2.5%	$128,222,509	3
Industrials	2.4%	$121,402,634	3
Energy	2.0%	$99,156,583	2
Consumer Defensive	0.6%	$28,212,704	1
Real Estate	0.1%	$3,230,466	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

15 positions

Ticker	Company	Δ Shares	Shares	Value
LUCD	Lucid Diagnostics Inc.	+3,000,000	6,000,000	$6,420,000
SOC	Sable Offshore Corp.	+2,880,925	8,377,636	$25,803,118
CIFR	Cipher Digital Inc.	+1,436,600	3,486,600	$85,421,700
BTDR	Bitdeer Technologies Group	+1,193,501	3,417,500	$54,235,725
NKTR	Nektar Therapeutics	+1,133,056	3,092,234	$215,868,855
SHAZ	SharonAI Holdings Inc.	+877,087	1,293,753	$109,529,128
CLMT	Calumet, Inc. /DE	+659,416	6,619,708	$238,441,882
ABUS	Arbutus Biopharma Corp	+538,040	19,095,583	$91,658,798
DAR	Darling Ingredients Inc.	+500,000	516,527	$28,212,704
FRMI	Fermi Inc.	+327,460	352,671	$3,230,466
VST	Vistra Corp.	+245,024	430,621	$68,309,409
WULF	Terawulf Inc.	+169,134	4,193,139	$103,570,533
QURE	uniQure N.V.	+141,410	1,441,410	$66,391,344
STAA	Staar Surgical Co	+27,416	1,064,389	$30,537,320
TDAY	USA TODAY Co., Inc.	+24,868	14,070,311	$120,301,159
No positions match the current search.

Trimmed

Positions the filer reduced

13 positions

Ticker	Company	Δ Shares	Shares	Value
CORZ	Core Scientific, Inc./tx	−5,657,324	15,342,155	$384,579,545
SPY	Spdr S&P 500 ETF Trust	−3,865,100	2,603,500	$1,944,215,695
INDV	Indivior Pharmaceuticals, Inc.	−1,267,017	3,479,493	$142,763,597
ECHO	EchoStar CORP	−254,160	502,975	$51,051,962
SONO	Sonos Inc	−208,715	710,612	$9,614,580
SHC	Sotera Health Co	−187,318	5,836,053	$103,589,940
FSLR	First Solar, Inc.	−162,200	599,484	$141,454,244
ROIV	Roivant Sciences Ltd.	−102,635	9,957,956	$352,412,062
HUT	Hut 8 Corp.	−91,918	158,082	$18,249,776
TLN	Talen Energy Corp	−71,921	507,208	$194,899,746
IMVT	Immunovant, Inc.	−53,457	3,148,505	$121,311,897
GLNG	Golar Lng Ltd	−52,931	1,471,779	$73,353,465
FTAI	FTAI Aviation Ltd.	−6,545	248,962	$67,351,689
No positions match the current search.

New Positions

Positions the filer opened this quarter

6 positions

Ticker	Company	Shares	Value
ABVX	Abivax S.A.	510,990	$68,094,527
SPCX	Space Exploration Technologies Corp	208,890	$35,690,945
QMCO	Quantum Corp /De/	2,488,535	$27,373,885
XE	X-Energy, Inc.	1,000,000	$18,360,000
CRWV	CoreWeave, Inc.	153,139	$15,243,456
IREN	IREN Ltd	140,000	$6,402,200
No positions match the current search.

Sold Out

Positions the filer fully exited

8 positions

Ticker	Company	Shares	Value
BWX	State Street SPDR Bloomberg International Treasury Bond ETF	1,928,000	$246,263,440
AAPL	Apple Inc.	850,000	$215,721,500
MRNA	Moderna, Inc.	1,100,000	$55,880,000
TAC	Transalta Corp	1,597,900	$20,932,490
NBIS	Nebius Group N.V.	196,475	$20,386,246
AADR	AdvisorShares Dorsey Wright ADR ETF	5,527,709	$19,623,366
IBIT	iShares Bitcoin Trust ETF	500,000	$19,210,000
—		11,394,833	$0
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

36 tracked positions · $5,031,440,930 total · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SPY	Spdr S&P 500 ETF Trust PUT	Reduced	2,603,500	-3,865,100	$1,944,215,695	−53.8%	38.64%
CORZ	Core Scientific, Inc./tx CALL + SHARES Technology	Reduced	15,342,155	-5,657,324	$384,579,545	+24.3%	7.64%
ROIV	Roivant Sciences Ltd. CALL + SHARES Healthcare	Reduced	9,957,956	-102,635	$352,412,062	+26.5%	7.00%
CLMT	Calumet, Inc. /DE Basic Materials	Added	6,619,708	+659,416	$238,441,882	+11.4%	4.74%
NKTR	Nektar Therapeutics Healthcare	Added	3,092,234	+1,133,056	$215,868,855	+53.1%	4.29%
TLN	Talen Energy Corp Utilities	Reduced	507,208	-71,921	$194,899,746	+5.4%	3.87%
INDV	Indivior Pharmaceuticals, Inc. Healthcare	Reduced	3,479,493	-1,267,017	$142,763,597	−1.3%	2.84%
FSLR	First Solar, Inc. CALL + SHARES Technology	Reduced	599,484	-162,200	$141,454,244	−5.9%	2.81%
IMVT	Immunovant, Inc. Healthcare	Reduced	3,148,505	-53,457	$121,311,897	+52.5%	2.41%
TDAY	USA TODAY Co., Inc. Communication Services	Added	14,070,311	+24,868	$120,301,159	+21.5%	2.39%
SHAZ	SharonAI Holdings Inc. Technology	Added	1,293,753	+877,087	$109,529,128	+1056.5%	2.18%
SHC	Sotera Health Co Healthcare	Reduced	5,836,053	-187,318	$103,589,940	+19.9%	2.06%
WULF	Terawulf Inc. CALL + SHARES Financial Services	Added	4,193,139	+169,134	$103,570,533	+78.4%	2.06%
ABUS	Arbutus Biopharma Corp Healthcare	Added	19,095,583	+538,040	$91,658,798	+9.8%	1.82%
CIFR	Cipher Digital Inc. CALL + SHARES Technology	Added	3,486,600	+1,436,600	$85,421,700	+223.8%	1.70%
GLNG	Golar Lng Ltd CALL + SHARES Energy	Reduced	1,471,779	-52,931	$73,353,465	−11.1%	1.46%
VST	Vistra Corp. Utilities	Added	430,621	+245,024	$68,309,409	+144.8%	1.36%
ABVX	Abivax S.A. CALL + SHARES Healthcare	NEW	510,990	NEW	$68,094,527	NEW	1.35%
FTAI	FTAI Aviation Ltd. Industrials	Reduced	248,962	-6,545	$67,351,689	+7.6%	1.34%
QURE	uniQure N.V. Healthcare	Added	1,441,410	+141,410	$66,391,344	+212.4%	1.32%
BTDR	Bitdeer Technologies Group CALL + SHARES Technology	Added	3,417,500	+1,193,501	$54,235,725	+181.9%	1.08%
ECHO	EchoStar CORP Communication Services	Reduced	502,975	-254,160	$51,051,962	−42.4%	1.01%
SPCX	Space Exploration Technologies Corp Industrials	NEW	208,890	NEW	$35,690,945	NEW	0.71%
STAA	Staar Surgical Co Healthcare	Added	1,064,389	+27,416	$30,537,320	+57.5%	0.61%
DAR	Darling Ingredients Inc. Consumer Defensive	Added	516,527	+500,000	$28,212,704	+2660.0%	0.56%
QMCO	Quantum Corp /De/ Technology	NEW	2,488,535	NEW	$27,373,885	NEW	0.54%
SOC	Sable Offshore Corp. Energy	Added	8,377,636	+2,880,925	$25,803,118	−71.6%	0.51%
XE	X-Energy, Inc. Industrials	NEW	1,000,000	NEW	$18,360,000	NEW	0.36%
HUT	Hut 8 Corp. Financial Services	Reduced	158,082	-91,918	$18,249,776	+55.6%	0.36%
CRWV	CoreWeave, Inc. Technology	NEW	153,139	NEW	$15,243,456	NEW	0.30%
SONO	Sonos Inc Technology	Reduced	710,612	-208,715	$9,614,580	−22.0%	0.19%
LUCD	Lucid Diagnostics Inc. Healthcare	Added	6,000,000	+3,000,000	$6,420,000	+86.1%	0.13%
IREN	IREN Ltd Financial Services	NEW	140,000	NEW	$6,402,200	NEW	0.13%
OMEX	Odyssey Marine Exploration Inc Basic Materials	Held	5,592,985	0	$4,754,037	+1.9%	0.09%
FRMI	Fermi Inc. Real Estate	Added	352,671	+327,460	$3,230,466	+2094.1%	0.06%
PAVM	PAVmed Inc. Healthcare	Held	461,539	0	$2,741,541	−41.5%	0.05%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.