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Two Seas Capital Portfolio holdings
AUM
$8.68B
Turnover
29.09%
1-Year Est. Return
78.08%
This Fund
S&P 500
This Quarter
Est. Return
-5.94%
1 Year Est. Return
+78.08%
3 Year Est. Return
+344.2%
5 Year Est. Return
+575.95%
10 Year Est. Return
–
AUM
$8.68B
AUM Growth
+$3.63B
(+72%)
Cap. Flow
+$205M
Cap. Flow
% of AUM
2.36%
Top 10 Holdings %
Top 10 Hldgs %
82.94%
Holding
55
New
8
Increased
21
Reduced
9
Closed
8
Avg Time Held Equity + Options
1.3
years
Top 10 Avg Time Held Equity + Options
1.6
years
Top 20 Avg Time Held Equity + Options
1.3
years
Avg Time Held Equity only
1.6
years
Top 10 Avg Time Held Equity only
1.8
years
Top 20 Avg Time Held Equity only
1.5
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Immunovant
IMVT
|
+$57.7M |
| 2 |
First Solar
FSLR
|
+$52.9M |
| 3 |
Abivax
ABVX
|
+$52.1M |
| 4 |
Solaris Energy Infrastructure
SEI
|
+$47.9M |
| 5 |
Core Scientific
CORZ
|
+$47.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Calumet Specialty Products
CLMT
|
+$63.3M |
| 2 |
Arbutus Biopharma
ABUS
|
+$52.8M |
| 3 |
Roivant Sciences
ROIV
|
+$41.7M |
| 4 |
Darling Ingredients
DAR
|
+$28.2M |
| 5 |
Bitdeer Technologies
BTDR
|
+$23.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 71.11% |
| 2 | Healthcare | 12.03% |
| 3 | Technology | 5.44% |
| 4 | Materials | 3.23% |
| 5 | Utilities | 2.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
26
CALL
Talen Energy Corp
TLN
$16.7B
| $46.9M | 0.54% |
+150,000
| New | +$50M |
2026 Q3
0 quarters
|
|
27
FTAI Aviation
FTAI
$17.3B
| $45.3M | 0.52% |
271,260
+22,298
| +9% | +$4.57M |
2025 Q1
6 quarters
|
|
|
28
CALL
Core Scientific
CORZ
$4.65B
| $43.9M | 0.51% |
2,750,000
-3,250,000
| -54% | -$64M |
2025 Q1
6 quarters
|
|
29
CALL
Cipher Digital
CIFR
$4.17B
| $40.5M | 0.47% |
2,560,000
+1,113,400
| +77% | +$20.7M |
2026 Q2
1 quarter
|
|
|
30
Arbutus Biopharma
ABUS
$850M
| $38.9M | 0.45% |
8,143,994
-10,951,589
| -57% | -$52.8M |
2021 Q4
19 quarters
|
|
31
CALL
SharonAI Holdings
SHAZ
$1.11B
| $32.3M | 0.37% |
+592,300
| New | +$36M |
2026 Q3
0 quarters
|
|
32
uniQure
QURE
$1.56B
| $32M | 0.37% |
1,324,022
-117,388
| -8% | -$5.09M |
2026 Q1
2 quarters
|
|
33
SpaceX
SPCX
$1.96T
| $31.5M | 0.36% |
208,890
| – | – |
2026 Q2
1 quarter
|
|
34
Hut 8
HUT
$9.38B
| $30M | 0.35% |
347,942
+189,860
| +120% | +$18M |
2025 Q4
3 quarters
|
|
35
STAAR Surgical
STAA
$1.12B
| $29.5M | 0.34% |
1,304,957
+240,568
| +23% | +$5.78M |
2026 Q1
2 quarters
|
|
36
X-Energy Inc
XE
$3.29B
| $19.8M | 0.23% |
1,394,413
+394,413
| +39% | +$6.79M |
2026 Q2
1 quarter
|
|
37
CALL
Golar LNG
GLNG
$4.59B
| $11.9M | 0.14% |
250,000
| – | – |
2026 Q1
2 quarters
|
|
38
CALL
AdvisorShares Pure US Cannabis ETF
MSOS
$777M
| $10.1M | 0.12% |
2,225,300
| – | – |
2025 Q3
4 quarters
|
|
39
CALL
Sable Offshore Corp
SOC
$637M
| $6.23M | 0.07% |
+1,800,000
| New | +$8.03M |
2026 Q3
0 quarters
|
|
40
Lucid Diagnostics
LUCD
$99.3M
| $4.51M | 0.05% |
6,000,000
| – | – |
2025 Q3
4 quarters
|
|
41
Odyssey Marine Exploration
OMEX
$37.6M
| $3.78M | 0.04% |
5,592,985
| – | – |
2021 Q4
19 quarters
|
|
42
CALL
Iris Energy
IREN
$12B
| $3.05M | 0.04% |
+74,500
| New | +$3.06M |
2026 Q3
0 quarters
|
|
|
43
Core Scientific Inc Tranche 1 Warrants
CORZW
$766M
| $2.69M | 0.03% |
289,539
| – | – |
2024 Q1
10 quarters
|
|
44
PAVmed
PAVM
$19.4M
| $1.7M | 0.02% |
461,539
| – | – |
2026 Q1
2 quarters
|
|
45
Fermi Inc
FRMI
$2.18B
| $1.48M | 0.02% |
352,671
| – | – |
2026 Q1
2 quarters
|
|
46
Applied Digital
APLD
$6.17B
| $1.22M | 0.01% |
+50,000
| New | +$1.4M |
2026 Q3
0 quarters
|
|
|
47
Core Scientific Inc Tranche 2 Warrants
CORZZ
$1.11B
| $389K | ﹤0.01% |
24,107
| – | – |
2025 Q2
5 quarters
|
|
|
48
CALL
Abivax
ABVX
$8.06B
| – | – |
-266,400
| Closed | -$35.5M | – |
|
|
49
CALL
Bitdeer Technologies
BTDR
$2.28B
| – | – |
-1,917,500
| Closed | -$30.4M | – |
|
|
50
Bitdeer Technologies
BTDR
$2.28B
| – | – |
-1,500,000
| Closed | -$23.8M | – |
|
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GA
Two Seas Capital's Q3 2026 Portfolio in Review
As of Q3 2026, Two Seas Capital held 55 positions worth $8.68B, up 72% from $5.05B the previous quarter. Its ten largest holdings account for 83% of the portfolio.
Two Seas Capital's Q3 2026 filing shows 8 new, 21 increased, 9 reduced and 8 closed positions. Its largest new stake was Solaris Energy Infrastructure: 786,838 shares worth $56M. The largest sale was Calumet Specialty Products, an estimated $63.3M.
By sector, the portfolio is most concentrated in Miscellaneous at 71% of assets, up from 48% a quarter earlier, followed by Healthcare and Technology.
- Two Seas Capital's largest Q3 2026 buy was Solaris Energy Infrastructure: 786,838 shares worth $56M.
- Two Seas Capital added most to Immunovant in Q3 2026, an estimated $57.7M increase.
- Two Seas Capital's biggest Q3 2026 reduction was Calumet Specialty Products, cutting an estimated $63.3M.
- Two Seas Capital fully exited Darling Ingredients in Q3 2026, selling an estimated $28.2M.
- Two Seas Capital's ten largest holdings make up 83% of its $8.68B portfolio in Q3 2026.
- Two Seas Capital opened 8 new positions and closed 8 in Q3 2026.
- Two Seas Capital's portfolio value rose 72% quarter-over-quarter to $8.68B.
Based on Two Seas Capital's 13F filing for Q3 2026, filed 6 Oct 2026.