Two Seas Capital LP 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Two Seas Capital LP disclosed 32 US equity positions worth $1.7bn in its Q3 2025 13F filing. The largest position was CORZ at 16.6% of the reported book, followed by INDIVIOR PLC and ROIV. Against the Q2 2025 filing, it opened 7 new positions, added to 16 and reduced 8 among the top 32 holdings.
What did Two Seas Capital LP own in Q3 2025? Top 32 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | CORZ CORE SCIENTIFIC INC NEW | Technology | 16.6% | $275.6m | 15,363,978 | 127% | added |
| 2 | INDIVIOR PLC | 15.2% | $253.3m | 10,504,152 | -8% | reduced | |
| 3 | ROIV ROIVANT SCIENCES LTD | Healthcare | 10.7% | $177.8m | 11,754,164 | 11% | added |
| 4 | TLN TALEN ENERGY CORP | Utilities | 6.8% | $113.5m | 266,888 | -11% | reduced |
| 5 | CLMT CALUMET INC | 6.3% | $105.0m | 5,752,538 | 28% | added | |
| 6 | AVADEL PHARMACEUTICALS PLC | 4.9% | $82.0m | 5,369,082 | -13% | reduced | |
| 7 | FSLR FIRST SOLAR INC | Technology | 4.5% | $75.1m | 340,692 | 3307% | added |
| 8 | TDAY GANNETT CO INC | Communication Services | 3.5% | $58.6m | 14,180,621 | 26% | added |
| 9 | SHC SOTERA HEALTH CO | Healthcare | 3.2% | $53.1m | 3,373,228 | -16% | reduced |
| 10 | ABUS ARBUTUS BIOPHARMA CORP | Healthcare | 3.0% | $49.9m | 10,991,261 | 5% | added |
| 11 | FTAI AVIATION LTD | 2.7% | $45.0m | 269,601 | 51% | added | |
| 12 | IMVT IMMUNOVANT INC | Healthcare | 2.7% | $44.5m | 2,762,040 | 23% | added |
| 13 | GLNG GOLAR LNG LTD | Energy | 2.7% | $44.3m | 1,095,998 | 21% | added |
| 14 | WULF TERAWULF INC | Financial Services | 2.6% | $44.0m | 3,851,188 | 68% | added |
| 15 | CRWV COREWEAVE INC | Technology | 2.3% | $38.2m | 279,051 | – | new |
| 16 | VST VISTRA CORP | Utilities | 2.0% | $33.3m | 170,000 | -26% | reduced |
| 17 | NBIS NEBIUS GROUP N.V. | Communication Services | 1.6% | $26.3m | 234,482 | -6% | reduced |
| 18 | ESPERION THERAPEUTICS INC NE | 1.6% | $25.8m | 9,749,724 | -2% | reduced | |
| 19 | ECHO ECHOSTAR CORP | Communication Services | 1.3% | $22.3m | 292,470 | – | new |
| 20 | BUR BURFORD CAP LTD | Financial Services | 1.2% | $19.2m | 1,602,067 | 2% | added |
| 21 | META META PLATFORMS INC | Communication Services | 1.1% | $17.8m | 24,272 | 61% | added |
| 22 | SOC SABLE OFFSHORE CORP | 0.6% | $10.7m | 614,044 | 39% | added | |
| 23 | OMEX ODYSSEY MARINE EXPL INC | 0.5% | $8.9m | 4,570,011 | 219% | added | |
| 24 | SONO SONOS INC | Technology | 0.5% | $8.4m | 531,042 | 89% | added |
| 25 | BTDR BITDEER TECHNOLOGIES GROUP | Technology | 0.5% | $7.7m | 450,000 | – | new |
| 26 | MSOS ADVISORSHARES TR | 0.4% | $7.2m | 1,500,000 | – | new | |
| 27 | CIFR CIPHER MINING INC | Technology | 0.3% | $5.8m | 462,000 | 85% | added |
| 28 | CORZ CORE SCIENTIFIC INC NEW | 0.2% | $3.4m | 289,539 | -14% | reduced | |
| 29 | LUCD LUCID DIAGNOSTICS INC | 0.2% | $3.0m | 3,000,000 | – | new | |
| 30 | ANIP ANI PHARMACEUTICALS INC | Healthcare | 0.1% | $2.4m | 25,721 | – | new |
| 31 | GLXY GALAXY DIGITAL INC. | Financial Services | 0.1% | $1.2m | 35,000 | – | new |
| 32 | CORE SCIENTIFIC INC NEW | 0.0% | $432.5k | 24,107 | 0% | held |
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.