13F HOLDINGS REPORT
Two Seas Capital LP
Quarter ended Q4 2025 · Filed February 11, 2026 · Accession 0001315863-26-000142
Total Value
$4.85B
Positions
42
Other Managers
0
Confidential Omitted
No
Holdings (42)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | SPDR S&P 500 ETF TR | SPY | 2,125,000 | $1.45B | 29.86% |
| 2 | SPDR S&P 500 ETF TR | SPY | 900,000 | $613.7M | 12.65% |
| 3 | SPDR S&P 500 ETF TR | SPY | 682,000 | $465.1M | 9.58% |
| 4 | ISHARES TR | 464287655 | 1,050,000 | $258.5M | 5.33% |
| 5 | CORE SCIENTIFIC INC NEW | 21874A106 | 17,011,221 | $247.7M | 5.10% |
| 6 | ROIVANT SCIENCES LTD | ROIV | 9,791,891 | $212.5M | 4.38% |
| 7 | INDIVIOR PLC | INDV | 5,109,198 | $183.3M | 3.78% |
| 8 | TALEN ENERGY CORP | TLN | 391,974 | $146.9M | 3.03% |
| 9 | CALUMET INC | CLMT | 6,976,229 | $138.6M | 2.86% |
| 10 | HUT 8 CORP | HUT | 1,752,500 | $80.5M | 1.66% |
| 11 | SOTERA HEALTH CO | SHC | 4,412,106 | $77.8M | 1.60% |
| 12 | USA TODAY CO INC | TDAY | 14,552,621 | $74.9M | 1.54% |
| 13 | FIRST SOLAR INC | FSLR | 284,259 | $74.3M | 1.53% |
| 14 | CORE SCIENTIFIC INC NEW | 21874A106 | 5,077,600 | $73.9M | 1.52% |
| 15 | IMMUNOVANT INC | IMVT | 2,866,962 | $72.9M | 1.50% |
| 16 | ARBUTUS BIOPHARMA CORP | ABUS | 12,589,158 | $60.6M | 1.25% |
| 17 | ISHARES BITCOIN TRUST ETF | IBIT | 1,218,000 | $60.5M | 1.25% |
| 18 | ROIVANT SCIENCES LTD | ROIV | 2,435,500 | $52.9M | 1.09% |
| 19 | TERAWULF INC | WULF | 4,502,794 | $51.7M | 1.07% |
| 20 | CORE SCIENTIFIC INC NEW | 21874A106 | 3,400,000 | $49.5M | 1.02% |
| 21 | ESPERION THERAPEUTICS INC NE | ESPR | 11,902,521 | $44.0M | 0.91% |
| 22 | ECHOSTAR CORP | SATS | 402,135 | $43.7M | 0.90% |
| 23 | GOLAR LNG LTD | GLNG | 1,170,998 | $43.6M | 0.90% |
| 24 | VISTRA CORP | VST | 249,707 | $40.3M | 0.83% |
| 25 | FTAI AVIATION LTD | FTAIN | 186,209 | $36.7M | 0.76% |
| 26 | NEKTAR THERAPEUTICS | NKTR | 745,185 | $31.5M | 0.65% |
| 27 | NEBIUS GROUP N.V. | NBIS | 344,482 | $28.8M | 0.59% |
| 28 | HUT 8 CORP | HUT | 491,500 | $22.6M | 0.47% |
| 29 | CALUMET INC | CLMT | 1,122,000 | $22.3M | 0.46% |
| 30 | SABLE OFFSHORE CORP | SOC | 1,733,239 | $15.6M | 0.32% |
| 31 | ADVISORSHARES TR | 00768Y453 | 3,252,409 | $15.4M | 0.32% |
| 32 | ADVISORSHARES TR | 00768Y453 | 2,225,300 | $10.5M | 0.22% |
| 33 | ODYSSEY MARINE EXPL INC | OMEX | 5,185,029 | $10.2M | 0.21% |
| 34 | META PLATFORMS INC | META | 14,272 | $9.4M | 0.19% |
| 35 | COREWEAVE INC | CRWV | 110,000 | $7.9M | 0.16% |
| 36 | ADVISORSHARES TR | 00768Y453 | 1,350,000 | $6.4M | 0.13% |
| 37 | SONOS INC | SONO | 322,462 | $5.7M | 0.12% |
| 38 | CIPHER MINING INC | 17253J106 | 305,756 | $4.5M | 0.09% |
| 39 | CORE SCIENTIFIC INC NEW | 21874A106 | 240,000 | $3.5M | 0.07% |
| 40 | LUCID DIAGNOSTICS INC | LUCD | 3,000,000 | $3.3M | 0.07% |
| 41 | CORE SCIENTIFIC INC NEW | 21874A114 | 289,539 | $2.4M | 0.05% |
| 42 | CORE SCIENTIFIC INC NEW | 21874A130 | 24,107 | $350,516 | 0.01% |