Two Seas Capital LP 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Two Seas Capital LP disclosed 29 US equity positions worth $1.7bn in its Q4 2025 13F filing. The largest position was CORZ at 14.5% of the reported book, followed by ROIV and INDIVIOR PLC. Against the Q3 2025 filing, it opened 2 new positions, added to 16 and reduced 8 among the top 29 holdings.
What did Two Seas Capital LP own in Q4 2025? Top 29 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | CORZ CORE SCIENTIFIC INC NEW | Technology | 14.5% | $247.7m | 17,011,221 | 11% | added |
| 2 | ROIV ROIVANT SCIENCES LTD | Healthcare | 12.4% | $212.5m | 9,791,891 | -17% | reduced |
| 3 | INDIVIOR PLC | 10.7% | $183.3m | 5,109,198 | -51% | reduced | |
| 4 | TLN TALEN ENERGY CORP | Utilities | 8.6% | $146.9m | 391,974 | 47% | added |
| 5 | CLMT CALUMET INC | 8.1% | $138.6m | 6,976,229 | 21% | added | |
| 6 | SHC SOTERA HEALTH CO | Healthcare | 4.6% | $77.8m | 4,412,106 | 31% | added |
| 7 | TDAY USA TODAY CO INC | Communication Services | 4.4% | $74.9m | 14,552,621 | 3% | added |
| 8 | FSLR FIRST SOLAR INC | Technology | 4.3% | $74.3m | 284,259 | -17% | reduced |
| 9 | IMVT IMMUNOVANT INC | Healthcare | 4.3% | $72.9m | 2,866,962 | 4% | added |
| 10 | ABUS ARBUTUS BIOPHARMA CORP | Healthcare | 3.5% | $60.6m | 12,589,158 | 15% | added |
| 11 | WULF TERAWULF INC | Financial Services | 3.0% | $51.7m | 4,502,794 | 17% | added |
| 12 | ESPERION THERAPEUTICS INC NE | 2.6% | $44.0m | 11,902,521 | 22% | added | |
| 13 | ECHO ECHOSTAR CORP | Communication Services | 2.6% | $43.7m | 402,135 | 37% | added |
| 14 | GLNG GOLAR LNG LTD | Energy | 2.6% | $43.6m | 1,170,998 | 7% | added |
| 15 | VST VISTRA CORP | Utilities | 2.4% | $40.3m | 249,707 | 47% | added |
| 16 | FTAI AVIATION LTD | 2.1% | $36.7m | 186,209 | -31% | reduced | |
| 17 | NKTR NEKTAR THERAPEUTICS | Healthcare | 1.8% | $31.5m | 745,185 | – | new |
| 18 | NBIS NEBIUS GROUP N.V. | Communication Services | 1.7% | $28.8m | 344,482 | 47% | added |
| 19 | HUT HUT 8 CORP | Financial Services | 1.3% | $22.6m | 491,500 | – | new |
| 20 | SOC SABLE OFFSHORE CORP | 0.9% | $15.6m | 1,733,239 | 182% | added | |
| 21 | MSOS ADVISORSHARES TR | 0.9% | $15.4m | 3,252,409 | 117% | added | |
| 22 | OMEX ODYSSEY MARINE EXPL INC | 0.6% | $10.2m | 5,185,029 | 13% | added | |
| 23 | META META PLATFORMS INC | Communication Services | 0.6% | $9.4m | 14,272 | -41% | reduced |
| 24 | CRWV COREWEAVE INC | Technology | 0.5% | $7.9m | 110,000 | -61% | reduced |
| 25 | SONO SONOS INC | Technology | 0.3% | $5.7m | 322,462 | -39% | reduced |
| 26 | CIFR CIPHER MINING INC | Technology | 0.3% | $4.5m | 305,756 | -34% | reduced |
| 27 | LUCD LUCID DIAGNOSTICS INC | 0.2% | $3.3m | 3,000,000 | 0% | held | |
| 28 | CORZ CORE SCIENTIFIC INC NEW | 0.1% | $2.4m | 289,539 | 0% | held | |
| 29 | CORE SCIENTIFIC INC NEW | 0.0% | $350.5k | 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.