Institutional
Two Seas Capital LP
CIK 0001823138
$7.15B
Reported AUM
40
Positions
Q1 2026
Period
2026-05-15
Filed
The Brief · Two Seas Capital LP · Q1 2026
AI · grounded in 13F
Two Seas Capital LP closed its position in IWM, reducing exposure by $258.47M. The fund established new positions in XBI for $246.26M and AAPL for $215.72M. Additionally, the fund accumulated shares in FSLR and NKTR, increasing those holdings by 167.95% and 162.91% respectively.
Portfolio · Q1 2026
Top holdings
QoQ vs Q4 2025
| # | Stock | Issuer | Price | Day % | 1Y Gr. | 5Y Gr. | Value | % of book | Δ shares (QoQ) | Status |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | SPY | STATE STR SPDR S&P 500 ETF T | $737.55 | -2.58% | 24.51% | 79.50% | $4.21B | 58.80% | +2,761,600 | +74.5% |
| 2 | CORZ | CORE SCIENTIFIC INC NEW | $25.85 | -7.38% | 112.06% | 587.50% | $309.5M | 4.33% | −5,042,988 | −19.6% |
| 3 | ROIV | ROIVANT SCIENCES LTD | $28.58 | -3.22% | 154.50% | 188.40% | $278.7M | 3.90% | −2,166,800 | −17.7% |
| 4 | XBI | SPDR SERIES TRUST | $128.67 | -3.56% | 53.27% | 4.82% | $246.3M | 3.44% | +1,928,000 | NEW |
| 5 | AAPL | APPLE INC | $307.34 | -1.25% | 51.31% | 116.17% | $215.7M | 3.02% | +850,000 | NEW |
| 6 | CLMT | CALUMET INC | $35.17 | -5.99% | 161.68% | 452.12% | $214.0M | 2.99% | −2,137,937 | −26.4% |
| 7 | TLN | TALEN ENERGY CORP | $364.74 | -3.53% | 41.08% | 572.33% | $184.9M | 2.58% | +187,155 | +47.7% |
| 8 | FSLR | FIRST SOLAR INC | $279.01 | -11.41% | 67.72% | 224.28% | $150.2M | 2.10% | +477,425 | +168.0% |
| 9 | INDV | INDIVIOR PHARMACEUTICALS INC | $37.62 | 0.44% | 167.34% | 224.27% | $144.7M | 2.02% | +4,746,510 | NEW |
| 10 | NKTR | NEKTAR THERAPEUTICS | $57.32 | -3.36% | 470.35% | -75.80% | $141.0M | 1.97% | +1,213,993 | +162.9% |
| 11 | TDAY | USA TODAY CO INC | $8.15 | -0.24% | 128.29% | 41.25% | $99.0M | 1.38% | −507,178 | −3.5% |
| 12 | SOC | SABLE OFFSHORE CORP | $12.25 | -9.53% | -50.00% | 26.68% | $90.8M | 1.27% | +3,763,472 | +217.1% |
| 13 | SATS | ECHOSTAR CORP | $116.28 | -6.71% | 565.22% | 421.43% | $88.6M | 1.24% | +355,000 | +88.3% |
| 14 | SHC | SOTERA HEALTH CO | $15.62 | 0.32% | 26.99% | -34.09% | $86.4M | 1.21% | +1,611,265 | +36.5% |
| 15 | ABUS | ARBUTUS BIOPHARMA CORP | $4.25 | -2.30% | 22.13% | 57.99% | $83.5M | 1.17% | +5,968,385 | +47.4% |
| 16 | GLNG | GOLAR LNG LTD | $50.67 | -1.44% | 24.26% | 405.11% | $82.5M | 1.15% | +353,712 | +30.2% |
| 17 | IMVT | IMMUNOVANT INC | $31.11 | -4.78% | 85.51% | 197.42% | $79.5M | 1.11% | +335,000 | +11.7% |
| 18 | FTAI | FTAI AVIATION LTD | $234.05 | -6.41% | 82.59% | 1022.34% | $62.6M | 0.87% | +69,298 | +37.2% |
| 19 | WULF | TERAWULF INC | $24.00 | -8.36% | 451.72% | 29.32% | $58.1M | 0.81% | −478,789 | −10.6% |
| 20 | MRNA | MODERNA INC | $47.44 | -8.04% | 72.76% | -86.58% | $55.9M | 0.78% | +1,100,000 | NEW |
| 21 | ESPR | ESPERION THERAPEUTICS INC NE | $3.13 | 0.00% | 156.56% | -79.66% | $31.2M | 0.44% | −507,688 | −4.3% |
| 22 | VST | VISTRA CORP | $148.76 | -3.21% | -13.88% | 750.99% | $27.9M | 0.39% | −64,110 | −25.7% |
| 23 | CIFR | CIPHER DIGITAL INC | $22.45 | -12.13% | 475.64% | 126.31% | $26.4M | 0.37% | +1,744,244 | +570.5% |
| 24 | QURE | UNIQURE NV | $26.45 | -5.50% | 53.16% | -8.82% | $21.3M | 0.30% | +1,300,000 | NEW |
| 25 | TAC | TRANSALTA CORP | $12.68 | -2.16% | 23.31% | 31.77% | $20.9M | 0.29% | +1,597,900 | NEW |
| 26 | NBIS | NEBIUS GROUP N.V. | $227.81 | -12.27% | 371.85% | 935.97% | $20.4M | 0.28% | −148,007 | −43.0% |
| 27 | MSOS | ADVISORSHARES TR | $5.47 | 7.25% | 130.80% | -84.61% | $19.6M | 0.27% | −1,300,000 | −19.0% |
| 28 | STAA | STAAR SURGICAL CO | $29.99 | 0.44% | 67.82% | -76.56% | $19.4M | 0.27% | +1,036,973 | NEW |
| 29 | BTDR | BITDEER TECHNOLOGIES GROUP | $17.47 | -11.00% | 24.87% | 77.00% | $19.2M | 0.27% | +2,223,999 | NEW |
| 30 | IBIT | ISHARES BITCOIN TRUST ETF | $34.14 | -5.22% | -42.39% | -3.61% | $19.2M | 0.27% | −718,000 | −58.9% |
| 31 | SONO | SONOS INC | $15.08 | -7.20% | — | — | $12.3M | 0.17% | +596,865 | +185.1% |
| 32 | HUT | HUT 8 CORP | $112.24 | -12.15% | — | — | $11.7M | 0.16% | −1,994,000 | −88.9% |
| 33 | SHAZ | SHARONAI HOLDINGS INC | $67.41 | -11.33% | — | — | $9.5M | 0.13% | +416,666 | NEW |
| 34 | PAVM | PAVMED INC | $5.45 | 0.00% | — | — | $4.7M | 0.07% | +461,539 | NEW |
| 35 | OMEX | ODYSSEY MARINE EXPL INC | $0.98 | -10.00% | — | — | $4.7M | 0.07% | +407,956 | +7.9% |
| 36 | LUCD | LUCID DIAGNOSTICS INC | $0.97 | -5.20% | — | — | $3.5M | 0.05% | — | HELD |
| 37 | CORZW | CORE SCIENTIFIC INC NEW | $9.15 | 0.00% | — | — | $2.5M | 0.04% | — | HELD |
| 38 | DAR | DARLING INGREDIENTS INC | $59.45 | -2.09% | — | — | $1.0M | 0.01% | +16,527 | NEW |
| 39 | CORZZ | CORE SCIENTIFIC INC NEW | $15.34 | 0.00% | — | — | $362K | 0.01% | — | HELD |
| 40 | FRMI | FERMI INC | $5.78 | -6.47% | — | — | $147K | 0.00% | +25,211 | NEW |
| 41 | IWM | ISHARES TR | $281.65 | -3.55% | — | — | — | — | −1,050,000 | EXITED |
| 42 | INDV | INDIVIOR PLC | $37.62 | 0.44% | 167.34% | 224.27% | — | — | −5,109,198 | EXITED |
| 43 | META | META PLATFORMS INC | $593.00 | -5.51% | — | — | — | — | −14,272 | EXITED |
| 44 | CRWV | COREWEAVE INC | $100.39 | -7.07% | — | — | — | — | −110,000 | EXITED |
Source: SEC EDGAR · accession 0001315863-26-000426. 13F discloses long positions only — shorts, foreign equities, and options are excluded.