Filed: 2/14/2025ACC: 0001315863-25-000179
📋 What this filing means
TWO SEAS CAPITAL LP filed this quarterly 13F‑HR report disclosing 29 equity positions with a total reported market value of $1.16B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
29
Positions
$1.16B
Total AUM (reported)
88.19M
Total Shares
Allocation by class
COM$556.76M48.1%
ORD$154.85M13.4%
SHS$122.23M10.6%
TR UNIT$117.22M10.1%
UNIT SER 1$101.73M8.8%
COM SHS$48.79M4.2%
CL A$10.84M0.9%
Portfolio Concentration
Top 3$460.18M39.8%
4–10$491.64M42.5%
11–25$195.80M16.9%
Rest$9.72M0.8%
Top 3 weight
39.8%
Top 10 weight
82.2%
Voting Authority Distribution
Total shares with voting rights: 88.19M
Sole
Full voting authority
88.19M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole29
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings29
Rows:
TALEN ENERGY CORP
SOLEShares918.48K
TypeSH
Market value$185.05M
15.99%
Sole
918.48K
Shared
0.00
None
0.00
INDIVIOR PLC
SOLEShares12.46M
TypeSH
Market value$154.85M
13.38%
Sole
12.46M
Shared
0.00
None
0.00
ROIVANT SCIENCES LTD
SOLEShares10.17M
TypeSH
Market value$120.29M
10.39%
Sole
10.17M
Shared
0.00
None
0.00
SPDR S&P 500 ETF TR
SOLEShares200K
TypeSH
Market value$117.22M
10.13%
Sole
200K
Shared
0.00
None
0.00
INVESCO QQQ TR
SOLEShares199K
TypeSH
Market value$101.73M
8.79%
Sole
199K
Shared
0.00
None
0.00
CORE SCIENTIFIC INC NEW
SOLEShares6.23M
TypeSH
Market value$87.57M
7.57%
Sole
6.23M
Shared
0.00
None
0.00
VISTRA CORP
SOLEShares379.08K
TypeSH
Market value$52.26M
4.52%
Sole
379.08K
Shared
0.00
None
0.00
CALUMET INC
SOLEShares2.18M
TypeSH
Market value$48.08M
4.15%
Sole
2.18M
Shared
0.00
None
0.00
AVADEL PHARMACEUTICALS PLC
SOLEShares4.30M
TypeSH
Market value$45.16M
3.90%
Sole
4.30M
Shared
0.00
None
0.00
SOTERA HEALTH CO
SOLEShares2.90M
TypeSH
Market value$39.62M
3.42%
Sole
2.90M
Shared
0.00
None
0.00
IMMUNOVANT INC
SOLEShares1.51M
TypeSH
Market value$37.44M
3.24%
Sole
1.51M
Shared
0.00
None
0.00
ARBUTUS BIOPHARMA CORP
SOLEShares8.74M
TypeSH
Market value$28.58M
2.47%
Sole
8.74M
Shared
0.00
None
0.00
CONSTELLATION ENERGY CORP
SOLEShares98.46K
TypeSH
Market value$22.03M
1.90%
Sole
98.46K
Shared
0.00
None
0.00
GANNETT CO INC
SOLEShares3.02M
TypeSH
Market value$15.29M
1.32%
Sole
3.02M
Shared
0.00
None
0.00
ESPERION THERAPEUTICS INC NE
SOLEShares6.23M
TypeSH
Market value$13.71M
1.18%
Sole
6.23M
Shared
0.00
None
0.00
META PLATFORMS INC
SOLEShares18.52K
TypeSH
Market value$10.84M
0.94%
Sole
18.52K
Shared
0.00
None
0.00
HUT 8 CORP
SOLEShares476.81K
TypeSH
Market value$9.77M
0.84%
Sole
476.81K
Shared
0.00
None
0.00
ARDELYX INC
SOLEShares1.86M
TypeSH
Market value$9.41M
0.81%
Sole
1.86M
Shared
0.00
None
0.00
BITDEER TECHNOLOGIES GROUP
SOLEShares433.03K
TypeSH
Market value$9.38M
0.81%
Sole
433.03K
Shared
0.00
None
0.00
IREN LIMITED
SOLEShares860K
TypeSH
Market value$8.45M
0.73%
Sole
860K
Shared
0.00
None
0.00
ADAPTIMMUNE THERAPEUTICS PLC
SOLEShares14.84M
TypeSH
Market value$7.99M
0.69%
Sole
14.84M
Shared
0.00
None
0.00
SONOS INC
SOLEShares528.93K
TypeSH
Market value$7.96M
0.69%
Sole
528.93K
Shared
0.00
None
0.00
ESPERION THERAPEUTICS INC NE
SOLEShares5.32M
TypePRN
Market value$5.16M
0.45%
Sole
5.32M
Shared
0.00
None
0.00
APPLIED DIGITAL CORP
SOLEShares662.59K
TypeSH
Market value$5.06M
0.44%
Sole
662.59K
Shared
0.00
None
0.00
ALPHABET INC
SOLEShares25K
TypeSH
Market value$4.73M
0.41%
Sole
25K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
TALEN ENERGY CORPSOLE | COM | 918.48K | SH | $185.05M 15.99% | 918.48K | 0.00 | 0.00 |
INDIVIOR PLCSOLE | ORD | 12.46M | SH | $154.85M 13.38% | 12.46M | 0.00 | 0.00 |
ROIVANT SCIENCES LTDSOLE | SHS | 10.17M | SH | $120.29M 10.39% | 10.17M | 0.00 | 0.00 |
SPDR S&P 500 ETF TRSOLE | TR UNIT | 200K | SH | $117.22M 10.13% | 200K | 0.00 | 0.00 |
INVESCO QQQ TRSOLE | UNIT SER 1 | 199K | SH | $101.73M 8.79% | 199K | 0.00 | 0.00 |
CORE SCIENTIFIC INC NEWSOLE | COM | 6.23M | SH | $87.57M 7.57% | 6.23M | 0.00 | 0.00 |
VISTRA CORPSOLE | COM | 379.08K | SH | $52.26M 4.52% | 379.08K | 0.00 | 0.00 |
CALUMET INCSOLE | COM | 2.18M | SH | $48.08M 4.15% | 2.18M | 0.00 | 0.00 |
AVADEL PHARMACEUTICALS PLCSOLE | COM SHS | 4.30M | SH | $45.16M 3.90% | 4.30M | 0.00 | 0.00 |
SOTERA HEALTH COSOLE | COM | 2.90M | SH | $39.62M 3.42% | 2.90M | 0.00 | 0.00 |
IMMUNOVANT INCSOLE | COM | 1.51M | SH | $37.44M 3.24% | 1.51M | 0.00 | 0.00 |
ARBUTUS BIOPHARMA CORPSOLE | COM | 8.74M | SH | $28.58M 2.47% | 8.74M | 0.00 | 0.00 |
CONSTELLATION ENERGY CORPSOLE | COM | 98.46K | SH | $22.03M 1.90% | 98.46K | 0.00 | 0.00 |
GANNETT CO INCSOLE | COM | 3.02M | SH | $15.29M 1.32% | 3.02M | 0.00 | 0.00 |
ESPERION THERAPEUTICS INC NESOLE | COM | 6.23M | SH | $13.71M 1.18% | 6.23M | 0.00 | 0.00 |
META PLATFORMS INCSOLE | CL A | 18.52K | SH | $10.84M 0.94% | 18.52K | 0.00 | 0.00 |
HUT 8 CORPSOLE | COM | 476.81K | SH | $9.77M 0.84% | 476.81K | 0.00 | 0.00 |
ARDELYX INCSOLE | COM | 1.86M | SH | $9.41M 0.81% | 1.86M | 0.00 | 0.00 |
BITDEER TECHNOLOGIES GROUPSOLE | CL A ORD SHS | 433.03K | SH | $9.38M 0.81% | 433.03K | 0.00 | 0.00 |
IREN LIMITEDSOLE | ORDINARY SHARES | 860K | SH | $8.45M 0.73% | 860K | 0.00 | 0.00 |
ADAPTIMMUNE THERAPEUTICS PLCSOLE | SPONDS ADR | 14.84M | SH | $7.99M 0.69% | 14.84M | 0.00 | 0.00 |
SONOS INCSOLE | COM | 528.93K | SH | $7.96M 0.69% | 528.93K | 0.00 | 0.00 |
ESPERION THERAPEUTICS INC NESOLE | NOTE 4.000%11/1 | 5.32M | PRN | $5.16M 0.45% | 5.32M | 0.00 | 0.00 |
APPLIED DIGITAL CORPSOLE | COM NEW | 662.59K | SH | $5.06M 0.44% | 662.59K | 0.00 | 0.00 |
ALPHABET INCSOLE | CAP STK CL A | 25K | SH | $4.73M 0.41% | 25K | 0.00 | 0.00 |
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