Fund HoldingsTwo Seas Capital LP

Total Portfolio Value
$1.71B
Total Bought
$512.05M
Total Sold
$1.92B
Net Transaction
-$1.40B
Filing Period:
Securities
SharesValue ($K)
Q3 2025
Q4 2025
Change
Q3 2025
Q4 2025
Weight (%)
Change
HUT 8 CORP(HUT)(Call)01,752,500+1,752,500080,510+80,510
CORE SCIENTIFIC INC NEW(CORZ)(Call)3,400,0008,477,600+5,077,60060,996123,434+62,438
ISHARES BITCOIN TRUST ETF(IBIT)(Put)01,218,000+1,218,000060,474+60,474
ROIVANT SCIENCES LTD(ROIV)11,754,1649,791,891-1,962,273177,841212,48412.45%+34,644
CALUMET INC(CLMT)5,752,5386,976,229+1,223,691104,984138,6188.12%+33,634
TALEN ENERGY CORP(TLN)266,888391,974+125,086113,529146,9288.61%+33,399
NEKTAR THERAPEUTICS(NKTR)0745,185+745,185031,5061.85%+31,506
IMMUNOVANT INC(IMVT)2,762,0402,866,962+104,92244,52472,8784.27%+28,354
SOTERA HEALTH CO(SHC)3,373,2284,412,106+1,038,87853,06177,8304.56%+24,769
HUT 8 CORP(HUT)0491,500+491,500022,5801.32%+22,580
ECHOSTAR CORP(ECHO)292,470402,135+109,66522,33343,7122.56%+21,379
ESPERION THERAPEUTICS INC NE(ESPR)9,749,72411,902,521+2,152,79725,83744,0392.58%+18,203
USA TODAY CO INC(TDAY)14,180,62114,552,621+372,00058,56674,9464.39%+16,380
ROIVANT SCIENCES LTD(ROIV)(Call)2,435,5002,435,500036,84952,850+16,001
ARBUTUS BIOPHARMA CORP(ABUS)10,991,26112,589,158+1,597,89749,90060,5543.55%+10,654
ADVISORSHARES TR
PURE US CANN ETF
1,500,0003,252,409+1,752,4097,18515,3510.90%+8,166
TERAWULF INC(WULF)3,851,1884,502,794+651,60643,98151,7373.03%+7,757
VISTRA CORP(VST)170,000249,707+79,70733,30640,2852.36%+6,979
SABLE OFFSHORE CORP614,0441,733,239+1,119,19510,72115,6340.92%+4,913
CALUMET INC(CLMT)(Call)1,000,0001,122,000+122,00018,25022,294+4,044
CORE SCIENTIFIC INC NEW(CORZ)(Put)0240,000+240,00003,494+3,494
NEBIUS GROUP N.V.(NBIS)234,482344,482+110,00026,32528,8351.69%+2,510
ODYSSEY MARINE EXPL INC4,570,0115,185,029+615,0188,91210,1630.60%+1,251
LUCID DIAGNOSTICS INC3,000,0003,000,00003,0303,2700.19%+240
CORE SCIENTIFIC INC NEW(CORZ)24,10724,10704323510.02%-82
ADVISORSHARES TR(Call)
PURE US CANN ETF
3,575,3003,575,300017,12616,875-250
GOLAR LNG LTD
SHS
1,095,9981,170,998+75,00044,28943,5732.55%-716
FIRST SOLAR INC(FSLR)340,692284,259-56,43375,13374,2574.35%-876
CORE SCIENTIFIC INC NEW(CORZ)289,539289,53903,3672,4500.14%-918
GALAXY DIGITAL INC.(GLXY)35,0000-35,0001,1830-1,183
CIPHER MINING INC(CIFR)462,000305,756-156,2445,8174,5130.26%-1,304
ANI PHARMACEUTICALS INC(ANIP)25,7210-25,7212,3560-2,356
SONOS INC(SONO)531,042322,462-208,5808,3905,6620.33%-2,728
BITDEER TECHNOLOGIES GROUP(BTDR)450,0000-450,0007,6910-7,690
FTAI AVIATION LTD(FTAI)269,601186,209-83,39244,98636,6552.15%-8,330
META PLATFORMS INC(META)24,27214,272-10,00017,8259,4210.55%-8,404
BURFORD CAP LTD
ORD SHS
1,602,0670-1,602,06719,1610-19,161
SABLE OFFSHORE CORP(Call)1,500,0000-1,500,00026,1900-26,190
CORE SCIENTIFIC INC NEW(CORZ)15,363,97817,011,221+1,647,243275,630247,68314.51%-27,946
PG&E CORP(PCG)(Call)1,910,8000-1,910,80028,8150-28,815
COREWEAVE INC(CRWV)279,051110,000-169,05138,1887,8770.46%-30,311
INDIVIOR PLC10,504,1525,109,198-5,394,954253,255183,31810.74%-69,937
AVADEL PHARMACEUTICALS PLC5,369,0820-5,369,08281,9860-81,986
ISHARES TR(Put)1,450,0001,050,000-400,000350,842258,468-92,374
COREWEAVE INC(CRWV)(Call)1,180,0000-1,180,000161,4830-161,483
SPDR S&P 500 ETF TR(SPY)(Put)5,802,3003,707,000-2,095,3003,865,3762,527,877-1,337,499
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