Two Seas Capital LP: 13F holdings, Q2 2026
Hedge fund · SEC EDGAR filings (CIK 1823138) · Explore on the interactive board
Two Seas Capital LP disclosed 37 US equity positions worth $2.6bn in its Q2 2026 13F filing (holdings as of June 30, 2026, filed August 12, 2026). Its largest position is ROIV at 11.4% of the reported book, followed by CLMT, CORZ. The top ten holdings are 68.1% of the book, and the portfolio behaves like about 17 equal-weight positions. Versus the prior filing it opened 6 new positions, added to 12, reduced 13 and exited 3.
What does Two Seas Capital LP own? Top holdings as of June 30, 2026
Change is measured in shares against the previous filing (Q1 2026), so price moves do not read as decisions. This quarter: 6 new, 12 added, 13 reduced, 3 exited.
| # | Stock | Sector | Weight | Value | Shares | Δ shares | Action |
|---|---|---|---|---|---|---|---|
| 1 | ROIV ROIVANT SCIENCES LTD | Healthcare | 11.4% | $299.9m | 8,475,356 | -9% | reduced |
| 2 | CLMT CALUMET INC | Basic Materials | 9.1% | $238.4m | 6,619,708 | 11% | added |
| 3 | CORZ CORE SCIENTIFIC INC NEW | Technology | 8.8% | $231.0m | 9,028,509 | -44% | reduced |
| 4 | NKTR NEKTAR THERAPEUTICS | Healthcare | 8.2% | $215.9m | 3,092,234 | 58% | added |
| 5 | TLN TALEN ENERGY CORP | Utilities | 7.4% | $194.9m | 507,208 | -12% | reduced |
| 6 | INDV INDIVIOR PHARMACEUTICALS INC | Healthcare | 5.4% | $142.8m | 3,479,493 | -27% | reduced |
| 7 | IMVT IMMUNOVANT INC | Healthcare | 4.6% | $121.3m | 3,148,505 | -2% | reduced |
| 8 | TDAY USA TODAY CO INC | Communication Services | 4.6% | $120.3m | 14,070,311 | 0% | held |
| 9 | SHAZ SHARONAI HOLDINGS INC | Technology | 4.2% | $109.5m | 1,293,753 | 211% | added |
| 10 | SHC SOTERA HEALTH CO | Healthcare | 4.0% | $103.6m | 5,836,053 | -3% | reduced |
| 11 | ABUS ARBUTUS BIOPHARMA CORP | Healthcare | 3.5% | $91.7m | 19,095,583 | 3% | added |
| 12 | VST VISTRA CORP | Utilities | 2.6% | $68.3m | 430,621 | 132% | added |
| 13 | FTAI AVIATION LTD | 2.6% | $67.4m | 248,962 | -3% | reduced | |
| 14 | UNIQURE NV | 2.5% | $66.4m | 1,441,410 | 11% | added | |
| 15 | WULF TERAWULF INC | Financial Services | 2.4% | $61.6m | 2,493,139 | -38% | reduced |
| 16 | GLNG GOLAR LNG LTD | Energy | 2.3% | $60.9m | 1,221,779 | -4% | reduced |
| 17 | ECHO ECHOSTAR CORP | Communication Services | 1.9% | $51.1m | 502,975 | 32% | added |
| 18 | CIFR CIPHER DIGITAL INC | Technology | 1.9% | $50.0m | 2,040,000 | -0% | held |
| 19 | SPCX SPACE EXPLORATION TECHN CORP | Industrials | 1.4% | $35.7m | 208,890 | – | new |
| 20 | ABVX ABIVAX SA | Healthcare | 1.2% | $32.6m | 244,590 | – | new |
| 21 | STAA STAAR SURGICAL CO | Healthcare | 1.2% | $30.5m | 1,064,389 | 3% | added |
| 22 | FSLR FIRST SOLAR INC | Technology | 1.2% | $30.2m | 127,984 | -58% | reduced |
| 23 | DAR DARLING INGREDIENTS INC | Consumer Defensive | 1.1% | $28.2m | 516,527 | 3025% | added |
| 24 | QMCO QUANTUM CORP | 1.0% | $27.4m | 2,488,535 | – | new | |
| 25 | SOC SABLE OFFSHORE CORP | Energy | 1.0% | $25.8m | 8,377,636 | 52% | added |
| 26 | BTDR BITDEER TECHNOLOGIES GROUP | Technology | 0.9% | $23.8m | 1,500,000 | -33% | reduced |
| 27 | XE X-ENERGY INC | Industrials | 0.7% | $18.4m | 1,000,000 | – | new |
| 28 | HUT HUT 8 CORP | Financial Services | 0.7% | $18.2m | 158,082 | -37% | reduced |
| 29 | CRWV COREWEAVE INC | Technology | 0.6% | $15.2m | 153,139 | – | new |
| 30 | SONO SONOS INC | Technology | 0.4% | $9.6m | 710,612 | -23% | reduced |
| 31 | LUCD LUCID DIAGNOSTICS INC | 0.2% | $6.4m | 6,000,000 | 100% | added | |
| 32 | IREN IREN LIMITED | Financial Services | 0.2% | $6.4m | 140,000 | – | new |
| 33 | CORZ CORE SCIENTIFIC INC NEW | Technology | 0.2% | $5.4m | 289,539 | 0% | held |
| 34 | OMEX ODYSSEY MARINE EXPL INC | 0.2% | $4.8m | 5,592,985 | 0% | held | |
| 35 | FRMI FERMI INC | Real Estate | 0.1% | $3.2m | 352,671 | 1299% | added |
| 36 | PAVMED INC | 0.1% | $2.7m | 461,539 | 0% | held | |
| 37 | CORE SCIENTIFIC INC NEW | 0.0% | $600.5k | 24,107 | 0% | held |
What did Two Seas Capital LP sell? Positions exited since the previous filing
| Stock | Prior weight | Prior value |
|---|---|---|
| ESPERION THERAPEUTICS INC NE | 43.0% | $31.2m |
| TAC TRANSALTA CORP | 28.9% | $20.9m |
| NBIS NEBIUS GROUP N.V. | 28.1% | $20.4m |
Sector mix
| Sector | Weight |
|---|---|
| Healthcare | 39.6% |
| Technology | 18.1% |
| Utilities | 10.0% |
| Basic Materials | 9.1% |
| Communication Services | 6.5% |
| Energy | 3.3% |
Sectors cover positions whose ticker resolved to a sector; the remainder is unclassified, not cash.
Filing history
How concentrated is Two Seas Capital LP's portfolio?
Across every quarter Two Seas Capital LP has filed, its median largest position is 11.7% of the book and its median top-ten weight is 69.7%, which WhaleCreep classifies as concentrated (the gate is a median largest position of 5%). Of 4.0 completed holding spells, the median lasted 1.0 quarters; 36.0 positions are still open and their final length is unknown.