Two Seas Capital LP 13F holdings, Q2 2025
Holdings as of June 30, 2025 · filings on SEC EDGAR · latest filing →
Two Seas Capital LP disclosed 33 US equity positions worth $1.0bn in its Q2 2025 13F filing. The largest position was INDIVIOR PLC at 16.5% of the reported book, followed by ROIV and CORZ. Against the Q1 2025 filing, it opened 11 new positions, added to 16 and reduced 5 among the top 33 holdings.
What did Two Seas Capital LP own in Q2 2025? Top 33 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q1 2025 |
|---|---|---|---|---|---|---|---|
| 1 | INDIVIOR PLC | 16.5% | $168.2m | 11,407,795 | 0% | held | |
| 2 | ROIV ROIVANT SCIENCES LTD | Healthcare | 11.7% | $119.4m | 10,598,040 | 5% | added |
| 3 | CORZ CORE SCIENTIFIC INC NEW | Technology | 11.3% | $115.6m | 6,770,027 | -15% | reduced |
| 4 | TLN TALEN ENERGY CORP | Utilities | 8.6% | $87.4m | 300,698 | -36% | reduced |
| 5 | CLMT CALUMET INC | 6.9% | $70.9m | 4,497,609 | 57% | added | |
| 6 | AVADEL PHARMACEUTICALS PLC | 5.3% | $54.5m | 6,155,074 | 24% | added | |
| 7 | VST VISTRA CORP | Utilities | 4.4% | $44.8m | 231,257 | 9% | added |
| 8 | SHC SOTERA HEALTH CO | Healthcare | 4.4% | $44.7m | 4,020,867 | 21% | added |
| 9 | TDAY GANNETT CO INC | Communication Services | 3.9% | $40.2m | 11,230,621 | 227% | added |
| 10 | GLNG GOLAR LNG LTD | Energy | 3.7% | $37.5m | 909,355 | 76% | added |
| 11 | IMVT IMMUNOVANT INC | Healthcare | 3.5% | $36.0m | 2,252,772 | 37% | added |
| 12 | ABUS ARBUTUS BIOPHARMA CORP | Healthcare | 3.2% | $32.3m | 10,443,317 | 10% | added |
| 13 | BUR BURFORD CAP LTD | Financial Services | 2.2% | $22.5m | 1,577,670 | – | new |
| 14 | FTAI AVIATION LTD | 2.0% | $20.6m | 178,844 | 55% | added | |
| 15 | CEG CONSTELLATION ENERGY CORP | Utilities | 1.5% | $15.4m | 47,688 | – | new |
| 16 | IREN IREN LIMITED | Financial Services | 1.4% | $14.2m | 971,891 | 46% | added |
| 17 | NBIS NEBIUS GROUP N.V. | Communication Services | 1.4% | $13.8m | 250,000 | 67% | added |
| 18 | META META PLATFORMS INC | Communication Services | 1.1% | $11.1m | 15,065 | – | new |
| 19 | WULF TERAWULF INC | Financial Services | 1.0% | $10.0m | 2,287,100 | 967% | added |
| 20 | ESPERION THERAPEUTICS INC NE | 1.0% | $9.8m | 9,954,975 | 44% | added | |
| 21 | PROSHARES TR | 1.0% | $9.8m | 500,000 | – | new | |
| 22 | SOC SABLE OFFSHORE CORP | 1.0% | $9.7m | 441,677 | – | new | |
| 23 | ARDX ARDELYX INC | Healthcare | 0.6% | $6.0m | 1,539,416 | -27% | reduced |
| 24 | ADAPY ADAPTIMMUNE THERAPEUTICS PLC | Healthcare | 0.5% | $5.4m | 22,580,701 | 10% | added |
| 25 | APLD APPLIED DIGITAL CORP | Technology | 0.5% | $5.0m | 500,000 | – | new |
| 26 | CORZ CORE SCIENTIFIC INC NEW | 0.4% | $3.6m | 336,378 | 20% | added | |
| 27 | SONO SONOS INC | Technology | 0.3% | $3.0m | 281,042 | -35% | reduced |
| 28 | NRG NRG ENERGY INC | Utilities | 0.2% | $2.4m | 15,000 | – | new |
| 29 | OMEX ODYSSEY MARINE EXPL INC | 0.2% | $1.7m | 1,430,769 | -44% | reduced | |
| 30 | FSLR FIRST SOLAR INC | Technology | 0.2% | $1.7m | 10,000 | – | new |
| 31 | CIFR CIPHER MINING INC | Technology | 0.1% | $1.2m | 250,000 | – | new |
| 32 | WOLF WOLFSPEED INC | Technology | 0.1% | $962.0k | 2,412,111 | – | new |
| 33 | CORE SCIENTIFIC INC NEW | 0.0% | $413.7k | 24,107 | – | 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.