Filed: 10/6/2026ACC: 0001315863-26-000719
📋 What this filing means
TWO SEAS CAPITAL LP filed this quarterly 13F‑HR report disclosing 39 equity positions with a total reported market value of $8.68B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
39
Positions
$8.68B
Total AUM (reported)
142.11M
Total Shares
Allocation by class
UNIT SER 1$3.99B46.0%
COM$1.69B19.5%
TR UNIT$1.14B13.1%
RUSSELL 2000 ETF$688.53M7.9%
SHS$496.20M5.7%
COM CL A$214.36M2.5%
COM NEW$207.58M2.4%
Portfolio Concentration
Top 3$5.81B67.0%
4–10$1.56B18.0%
11–25$1.13B13.0%
Rest$171.61M2.0%
Top 3 weight
67.0%
Top 10 weight
85.0%
Voting Authority Distribution
Total shares with voting rights: 142.11M
Sole
Full voting authority
142.11M
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)
Sole39
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings39
Rows:
INVESCO QQQ TR
SOLEShares5.39M
TypeSH
Market value$3.99B
45.96%
Sole
5.39M
Shared
0.00
None
0.00
STATE STR SPDR S&P 500 ETF T
SOLEShares1.49M
TypeSH
Market value$1.14B
13.09%
Sole
1.49M
Shared
0.00
None
0.00
ISHARES TR
SOLEShares2.48M
TypeSH
Market value$688.53M
7.93%
Sole
2.48M
Shared
0.00
None
0.00
ROIVANT SCIENCES LTD
SOLEShares9.57M
TypeSH
Market value$349.97M
4.03%
Sole
9.57M
Shared
0.00
None
0.00
CALUMET INC
SOLEShares5.28M
TypeSH
Market value$276.60M
3.19%
Sole
5.28M
Shared
0.00
None
0.00
CORE SCIENTIFIC INC NEW
SOLEShares14.18M
TypeSH
Market value$226.53M
2.61%
Sole
14.18M
Shared
0.00
None
0.00
TALEN ENERGY CORP
SOLEShares685.49K
TypeSH
Market value$214.35M
2.47%
Sole
685.49K
Shared
0.00
None
0.00
NEKTAR THERAPEUTICS
SOLEShares3.35M
TypeSH
Market value$202.58M
2.33%
Sole
3.35M
Shared
0.00
None
0.00
IMMUNOVANT INC
SOLEShares4.61M
TypeSH
Market value$155.82M
1.80%
Sole
4.61M
Shared
0.00
None
0.00
SHARONAI HOLDINGS INC
SOLEShares2.54M
TypeSH
Market value$138.58M
1.60%
Sole
2.54M
Shared
0.00
None
0.00
INDIVIOR PHARMACEUTICALS INC
SOLEShares3.67M
TypeSH
Market value$131.61M
1.52%
Sole
3.67M
Shared
0.00
None
0.00
TERAWULF INC
SOLEShares8.66M
TypeSH
Market value$128.16M
1.48%
Sole
8.66M
Shared
0.00
None
0.00
SOTERA HEALTH CO
SOLEShares6.11M
TypeSH
Market value$112.99M
1.30%
Sole
6.11M
Shared
0.00
None
0.00
CIPHER DIGITAL INC
SOLEShares6.91M
TypeSH
Market value$109.43M
1.26%
Sole
6.91M
Shared
0.00
None
0.00
USA TODAY CO INC
SOLEShares14.50M
TypeSH
Market value$91.23M
1.05%
Sole
14.50M
Shared
0.00
None
0.00
GOLAR LNG LTD
SOLEShares1.45M
TypeSH
Market value$68.94M
0.79%
Sole
1.45M
Shared
0.00
None
0.00
ABIVAX SA
SOLEShares676.59K
TypeSH
Market value$67.00M
0.77%
Sole
676.59K
Shared
0.00
None
0.00
FIRST SOLAR INC
SOLEShares377.98K
TypeSH
Market value$66.21M
0.76%
Sole
377.98K
Shared
0.00
None
0.00
SABLE OFFSHORE CORP
SOLEShares18.90M
TypeSH
Market value$65.40M
0.75%
Sole
18.90M
Shared
0.00
None
0.00
SOLARIS ENERGY INFRAS INC
SOLEShares786.84K
TypeSH
Market value$56.01M
0.65%
Sole
786.84K
Shared
0.00
None
0.00
VISTRA CORP
SOLEShares378.85K
TypeSH
Market value$52.41M
0.60%
Sole
378.85K
Shared
0.00
None
0.00
ECHOSTAR CORP
SOLEShares544.65K
TypeSH
Market value$48.70M
0.56%
Sole
544.65K
Shared
0.00
None
0.00
QUANTUM CORP
SOLEShares1.49M
TypeSH
Market value$47.29M
0.54%
Sole
1.49M
Shared
0.00
None
0.00
FTAI AVIATION LTD
SOLEShares271.26K
TypeSH
Market value$45.31M
0.52%
Sole
271.26K
Shared
0.00
None
0.00
ARBUTUS BIOPHARMA CORP
SOLEShares8.14M
TypeSH
Market value$38.93M
0.45%
Sole
8.14M
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
INVESCO QQQ TRSOLE | UNIT SER 1 | 5.39M | SH | $3.99B 45.96% | 5.39M | 0.00 | 0.00 |
STATE STR SPDR S&P 500 ETF TSOLE | TR UNIT | 1.49M | SH | $1.14B 13.09% | 1.49M | 0.00 | 0.00 |
ISHARES TRSOLE | RUSSELL 2000 ETF | 2.48M | SH | $688.53M 7.93% | 2.48M | 0.00 | 0.00 |
ROIVANT SCIENCES LTDSOLE | SHS | 9.57M | SH | $349.97M 4.03% | 9.57M | 0.00 | 0.00 |
CALUMET INCSOLE | COM | 5.28M | SH | $276.60M 3.19% | 5.28M | 0.00 | 0.00 |
CORE SCIENTIFIC INC NEWSOLE | COM | 14.18M | SH | $226.53M 2.61% | 14.18M | 0.00 | 0.00 |
TALEN ENERGY CORPSOLE | COM | 685.49K | SH | $214.35M 2.47% | 685.49K | 0.00 | 0.00 |
NEKTAR THERAPEUTICSSOLE | COM NEW | 3.35M | SH | $202.58M 2.33% | 3.35M | 0.00 | 0.00 |
IMMUNOVANT INCSOLE | COM | 4.61M | SH | $155.82M 1.80% | 4.61M | 0.00 | 0.00 |
SHARONAI HOLDINGS INCSOLE | COM CL A | 2.54M | SH | $138.58M 1.60% | 2.54M | 0.00 | 0.00 |
INDIVIOR PHARMACEUTICALS INCSOLE | COM | 3.67M | SH | $131.61M 1.52% | 3.67M | 0.00 | 0.00 |
TERAWULF INCSOLE | COM | 8.66M | SH | $128.16M 1.48% | 8.66M | 0.00 | 0.00 |
SOTERA HEALTH COSOLE | COM | 6.11M | SH | $112.99M 1.30% | 6.11M | 0.00 | 0.00 |
CIPHER DIGITAL INCSOLE | COM | 6.91M | SH | $109.43M 1.26% | 6.91M | 0.00 | 0.00 |
USA TODAY CO INCSOLE | COM | 14.50M | SH | $91.23M 1.05% | 14.50M | 0.00 | 0.00 |
GOLAR LNG LTDSOLE | SHS | 1.45M | SH | $68.94M 0.79% | 1.45M | 0.00 | 0.00 |
ABIVAX SASOLE | SPONSORED ADS | 676.59K | SH | $67.00M 0.77% | 676.59K | 0.00 | 0.00 |
FIRST SOLAR INCSOLE | COM | 377.98K | SH | $66.21M 0.76% | 377.98K | 0.00 | 0.00 |
SABLE OFFSHORE CORPSOLE | COM SHS | 18.90M | SH | $65.40M 0.75% | 18.90M | 0.00 | 0.00 |
SOLARIS ENERGY INFRAS INCSOLE | COM CL A | 786.84K | SH | $56.01M 0.65% | 786.84K | 0.00 | 0.00 |
VISTRA CORPSOLE | COM | 378.85K | SH | $52.41M 0.60% | 378.85K | 0.00 | 0.00 |
ECHOSTAR CORPSOLE | CL A | 544.65K | SH | $48.70M 0.56% | 544.65K | 0.00 | 0.00 |
QUANTUM CORPSOLE | COM | 1.49M | SH | $47.29M 0.54% | 1.49M | 0.00 | 0.00 |
FTAI AVIATION LTDSOLE | SHS | 271.26K | SH | $45.31M 0.52% | 271.26K | 0.00 | 0.00 |
ARBUTUS BIOPHARMA CORPSOLE | COM | 8.14M | SH | $38.93M 0.45% | 8.14M | 0.00 | 0.00 |
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