Two Seas Capital LP 13F holdings, Q1 2025
Holdings as of March 31, 2025 · filings on SEC EDGAR · latest filing →
Two Seas Capital LP disclosed 23 US equity positions worth $643.3m in its Q1 2025 13F filing. The largest position was INDIVIOR PLC at 16.6% of the reported book, followed by ROIV and TLN. Against the Q4 2024 filing, it opened 4 new positions, added to 10 and reduced 6 among the top 23 holdings.
What did Two Seas Capital LP own in Q1 2025? Top 23 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2024 |
|---|---|---|---|---|---|---|---|
| 1 | INDIVIOR PLC | 16.6% | $106.5m | 11,366,777 | -9% | reduced | |
| 2 | ROIV ROIVANT SCIENCES LTD | Healthcare | 15.9% | $102.3m | 10,136,307 | -0% | held |
| 3 | TLN TALEN ENERGY CORP | Utilities | 14.7% | $94.3m | 472,275 | -17% | reduced |
| 4 | CORZ CORE SCIENTIFIC INC NEW | Technology | 9.0% | $57.9m | 7,995,574 | 28% | added |
| 5 | AVADEL PHARMACEUTICALS PLC | 6.0% | $38.7m | 4,946,449 | 15% | added | |
| 6 | SHC SOTERA HEALTH CO | Healthcare | 6.0% | $38.7m | 3,321,136 | 15% | added |
| 7 | CLMT CALUMET INC | 5.6% | $36.3m | 2,866,511 | 61% | added | |
| 8 | ABUS ARBUTUS BIOPHARMA CORP | Healthcare | 5.1% | $33.0m | 9,465,956 | 8% | added |
| 9 | IMVT IMMUNOVANT INC | Healthcare | 4.4% | $28.1m | 1,642,772 | 9% | added |
| 10 | VST VISTRA CORP | Utilities | 3.9% | $24.8m | 211,435 | -44% | reduced |
| 11 | GLNG GOLAR LNG LTD | Energy | 3.0% | $19.6m | 515,949 | – | new |
| 12 | FTAI AVIATION LTD | 2.0% | $12.8m | 115,663 | – | new | |
| 13 | ARDX ARDELYX INC | Healthcare | 1.6% | $10.4m | 2,120,337 | 14% | added |
| 14 | ESPERION THERAPEUTICS INC NE | 1.6% | $10.0m | 6,930,871 | 11% | added | |
| 15 | TDAY GANNETT CO INC | Communication Services | 1.5% | $9.9m | 3,437,206 | 587% | added |
| 16 | SONO SONOS INC | Technology | 0.7% | $4.6m | 431,042 | -19% | reduced |
| 17 | IREN IREN LIMITED | Financial Services | 0.6% | $4.0m | 665,000 | -23% | reduced |
| 18 | ADAPY ADAPTIMMUNE THERAPEUTICS PLC | Healthcare | 0.6% | $4.0m | 20,529,685 | 38% | added |
| 19 | NBIS NEBIUS GROUP N.V. | Communication Services | 0.5% | $3.2m | 150,000 | – | new |
| 20 | HUT HUT 8 CORP | Financial Services | 0.2% | $1.5m | 131,808 | -72% | reduced |
| 21 | OMEX ODYSSEY MARINE EXPL INC | 0.2% | $1.0m | 2,549,049 | 0% | held | |
| 22 | CORZ CORE SCIENTIFIC INC NEW | 0.1% | $849.2k | 280,248 | 0% | held | |
| 23 | WULF TERAWULF INC | Financial Services | 0.1% | $585.2k | 214,371 | – | new |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.