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Two Seas Capital LP
hedge fundUpdated 29 days agoManaged by Two Seas Capital Lp • Latest filing Q2 2026
Portfolio value
$5B
Q2 2026
Filings
14
Quarterly 13F history
Top-10 concentration
51.9%
Weight of largest holdings
Annualized return
217.8%
Implied from 13F holdings
Portfolio value history
13F-disclosed portfolio value over 14 quarters
Show data table
| Period | Portfolio value |
|---|---|
| Q1 2023 | $109M |
| Q2 2023 | $457.5M |
| Q3 2023 | $497.3M |
| Q4 2023 | $409.5M |
| Q1 2024 | $510.5M |
| Q2 2024 | $615.3M |
| Q3 2024 | $617.3M |
| Q4 2024 | $1.2B |
| Q1 2025 | $3.2B |
| Q2 2025 | $6B |
| Q3 2025 | $6.2B |
| Q4 2025 | $4.9B |
| Q1 2026 | $7.2B |
| Q2 2026 | $5B |
Top holdings
52 positions as of Q2 2026
| # | Stock | Value | Shares | % Portfolio | Change |
|---|---|---|---|---|---|
| 1 | S SPY STATE STR SPDR S&P 500 ETF T | $1.1B | 1.48M | 21.89% | — |
| 2 | S SPY STATE STR SPDR S&P 500 ETF T | $595.9M | 798.0K | 11.80% | — |
| 3 | R ROIV ROIVANT SCIENCES LTD | $299.9M | 8.48M | 5.94% | — |
| 4 | S SPY STATE STR SPDR S&P 500 ETF T | $243.1M | 325.5K | 4.81% | — |
| 5 | C CLMT CALUMET INC | $238.4M | 6.62M | 4.72% | — |
| 6 | C CORZR CORE SCIENTIFIC INC NEW | $231M | 9.03M | 4.58% | — |
| 7 | N NKTR NEKTAR THERAPEUTICS | $215.9M | 3.09M | 4.28% | — |
| 8 | T TLN TALEN ENERGY CORP | $194.9M | 507.2K | 3.86% | — |
| 9 | I INDV INDIVIOR PHARMACEUTICALS INC | $142.8M | 3.48M | 2.83% | — |
| 10 | I IMVT IMMUNOVANT INC | $121.3M | 3.15M | 2.40% | — |
| 11 | T TDAY USA TODAY CO INC | $120.3M | 14.07M | 2.38% | — |
| 12 | C CORZR CORE SCIENTIFIC INC NEW | $115.2M | 4.50M | 2.28% | — |
| 13 | F FSLR FIRST SOLAR INC | $111.3M | 471.5K | 2.20% | — |
| 14 | S SHAZW SHARONAI HOLDINGS INC | $109.5M | 1.29M | 2.17% | — |
| 15 | S SHC SOTERA HEALTH CO | $103.6M | 5.84M | 2.05% | — |
| 16 | A ABUS ARBUTUS BIOPHARMA CORP | $91.7M | 19.10M | 1.82% | — |
| 17 | V VST VISTRA CORP | $68.3M | 430.6K | 1.35% | — |
| 18 | F FTAIM FTAI AVIATION LTD | $67.4M | 249.0K | 1.33% | — |
| 19 | Q QURE UNIQURE NV | $66.4M | 1.44M | 1.31% | — |
| 20 | W WULF TERAWULF INC | $61.6M | 2.49M | 1.22% | — |