Fund HoldingsTwo Seas Capital LP

Total Portfolio Value
$2.17B
Total Bought
$2.98B
Total Sold
$933.47M
Net Transaction
+$2.04B
Filing Period:
Securities
SharesValue ($K)
Q4 2025
Q1 2026
Change
Q4 2025
Q1 2026
Weight (%)
Change
STATE STR SPDR S&P 500 ETF T(SPY)(Put)3,707,0006,468,600+2,761,6002,527,8774,206,789+1,678,912
SPDR SERIES TRUST(Put)
ST STR SP BIOT
01,928,000+1,928,0000246,263+246,263
APPLE INC(AAPL)(Put)0850,000+850,0000215,722+215,722
INDIVIOR PHARMACEUTICALS INC(INDV)04,746,510+4,746,5100144,6746.68%+144,674
NEKTAR THERAPEUTICS(NKTR)745,1851,959,178+1,213,99331,506140,9636.51%+109,456
FIRST SOLAR INC(FSLR)(Call)0458,700+458,700090,483+90,483
CALUMET INC(CLMT)6,976,2295,960,292-1,015,937138,618213,9749.88%+75,357
SABLE OFFSHORE CORP1,733,2395,496,711+3,763,47215,63490,8064.19%+75,172
MODERNA INC(MRNA)(Put)01,100,000+1,100,000055,880+55,880
ROIVANT SCIENCES LTD(ROIV)9,791,8919,328,291-463,600212,484258,39411.93%+45,910
ECHOSTAR CORP(ECHO)(Call)0375,000+375,000043,901+43,901
TALEN ENERGY CORP(TLN)391,974579,129+187,155146,928184,8758.53%+37,948
CORE SCIENTIFIC INC NEW(CORZ)(Put)240,0002,000,000+1,760,0003,49429,920+26,426
FTAI AVIATION LTD(FTAI)186,209255,507+69,29836,65562,5992.89%+25,944
GOLAR LNG LTD
SHS
1,170,9981,274,710+103,71243,57368,9753.18%+25,402
USA TODAY CO INC(TDAY)14,552,62114,045,443-507,17874,94699,0204.57%+24,074
ARBUTUS BIOPHARMA CORP(ABUS)12,589,15818,557,543+5,968,38560,55483,5093.85%+22,955
CIPHER DIGITAL INC(CIFR)305,7562,050,000+1,744,2444,51326,3841.22%+21,871
UNIQURE NV(QURE)01,300,000+1,300,000021,2550.98%+21,255
TRANSALTA CORP(TAC)01,597,900+1,597,900020,9320.97%+20,932
STAAR SURGICAL CO(STAA)01,036,973+1,036,973019,3910.89%+19,391
BITDEER TECHNOLOGIES GROUP(BTDR)02,223,999+2,223,999019,2380.89%+19,238
GOLAR LNG LTD(Call)
SHS
0250,000+250,000013,528+13,528
SHARONAI HOLDINGS INC(SHAZ)0416,666+416,66609,4710.44%+9,471
SOTERA HEALTH CO(SHC)4,412,1066,023,371+1,611,26577,83086,3753.99%+8,546
IMMUNOVANT INC(IMVT)2,866,9623,201,962+335,00072,87879,5373.67%+6,659
SONOS INC(SONO)322,462919,327+596,8655,66212,3190.57%+6,657
TERAWULF INC(WULF)4,502,7944,024,005-478,78951,73758,0662.68%+6,329
PAVMED INC0461,539+461,53904,6850.22%+4,685
ECHOSTAR CORP(ECHO)402,135382,135-20,00043,71244,7372.06%+1,024
DARLING INGREDIENTS INC(DAR)016,527+16,52701,0220.05%+1,022
LUCID DIAGNOSTICS INC3,000,0003,000,00003,2703,4500.16%+180
FERMI INC(FRMI)025,211+25,21101470.01%+147
CORE SCIENTIFIC INC NEW(CORZ)289,539289,53902,4502,5310.12%+81
CORE SCIENTIFIC INC NEW(CORZ)24,10724,10703513620.02%+11
ADVISORSHARES TR
PURE US CANN ETF
3,252,4093,302,409+50,00015,35111,7240.54%-3,628
ODYSSEY MARINE EXPL INC5,185,0295,592,985+407,95610,1634,6650.22%-5,498
CORE SCIENTIFIC INC NEW(CORZ)17,011,22116,151,833-859,388247,683241,63111.15%-6,052
COREWEAVE INC(CRWV)110,0000-110,0007,8770-7,877
NEBIUS GROUP N.V.(NBIS)344,482196,475-148,00728,83520,3860.94%-8,449
ADVISORSHARES TR(Call)
PURE US CANN ETF
3,575,3002,225,300-1,350,00016,8757,900-8,976
META PLATFORMS INC(META)14,2720-14,2729,4210-9,421
HUT 8 CORP(HUT)491,500250,000-241,50022,58011,7280.54%-10,852
VISTRA CORP(VST)249,707185,597-64,11040,28527,9011.29%-12,384
ESPERION THERAPEUTICS INC NE(ESPR)11,902,52111,394,833-507,68844,03931,2221.44%-12,817
FIRST SOLAR INC(FSLR)284,259302,984+18,72574,25759,7672.76%-14,490
CALUMET INC(CLMT)(Call)1,122,0000-1,122,00022,2940-22,294
ROIVANT SCIENCES LTD(ROIV)(Call)2,435,500732,300-1,703,20052,85020,285-32,566
ISHARES BITCOIN TRUST ETF(IBIT)(Put)1,218,000500,000-718,00060,47419,210-41,264
HUT 8 CORP(HUT)(Call)1,752,5000-1,752,50080,5100-80,510
CORE SCIENTIFIC INC NEW(CORZ)(Call)8,477,6002,534,000-5,943,600123,43437,909-85,525
INDIVIOR PLC5,109,1980-5,109,198183,3180-183,318
ISHARES TR(Put)1,050,0000-1,050,000258,4680-258,468
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