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Two Seas Capital Portfolio holdings

AUM $5.05B
1-Year Est. Return 164.99%
This Fund
S&P 500
This Quarter Est. Return
+40.35%
1 Year Est. Return
+164.99%
3 Year Est. Return
+386.97%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$5.05B
AUM Growth
-$2.11B
Cap. Flow
-$38.2M
Cap. Flow %
-0.76%
Top 10 Hldgs %
72.54%
Holding
57
New
10
Increased
16
Reduced
15
Closed
10

Top Buys

Rank Stock Value
1
NKTR icon
Nektar Therapeutics
NKTR
+$82.9M
2
SHAZ
SharonAI Holdings
SHAZ
+$49.5M
3
VST icon
Vistra
VST
+$38M
4
SOC icon
Sable Offshore Corp
SOC
+$36.7M
5
SPCX
SpaceX
SPCX
+$35.5M

Top Sells

Rank Stock Value
1
CORZ icon
Core Scientific
CORZ
+$168M
2
INDV icon
Indivior Pharmaceuticals
INDV
+$46M
3
FSLR icon
First Solar
FSLR
+$41M
4
WULF icon
TeraWulf
WULF
+$35.2M
5
ESPR
Esperion Therapeutics
ESPR
+$31.2M

Sector Composition

Rank Sector Weight
1 Miscellaneous 48.22%
2 Healthcare 22.06%
3 Technology 9.84%
4 Utilities 5.21%
5 Materials 4.82%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CIFR icon
26
CALL
Cipher Digital
CIFR
$6.3B
$35.4M 0.7%
+1,446,600
New +$30.5M
ABVX
27
Abivax
ABVX
$9.89B
$32.6M 0.65%
+244,590
New +$27.7M
STAA icon
28
STAAR Surgical
STAA
$1.11B
$30.5M 0.6%
1,064,389
+27,416
+3% +$762K
BTDR icon
29
CALL
Bitdeer Technologies
BTDR
$2.8B
$30.4M 0.6%
+1,917,500
New +$27.5M
FSLR icon
30
First Solar
FSLR
$22B
$30.2M 0.6%
127,984
-175,000
-58% -$41M
DAR icon
31
Darling Ingredients
DAR
$10.1B
$28.2M 0.56%
516,527
+500,000
+3,025% +$29.8M
QMCO icon
32
Quantum Corp
QMCO
$877M
$27.4M 0.54%
+2,488,535
New +$23.9M
SOC icon
33
Sable Offshore Corp
SOC
$861M
$25.8M 0.51%
8,377,636
+2,880,925
+52% +$36.7M
BTDR icon
34
Bitdeer Technologies
BTDR
$2.8B
$23.8M 0.47%
1,500,000
-723,999
-33% -$10.4M
XE
35
X-Energy Inc
XE
$4.95B
$18.4M 0.36%
+1,000,000
New +$25.9M
HUT
36
Hut 8
HUT
$9.79B
$18.2M 0.36%
158,082
-91,918
-37% -$8.91M
CRWV
37
CoreWeave
CRWV
$46.5B
$15.2M 0.3%
+153,139
New +$16.5M
GLNG icon
38
CALL
Golar LNG
GLNG
$5.13B
$12.5M 0.25%
250,000
– –
MSOS icon
39
CALL
AdvisorShares Pure US Cannabis ETF
MSOS
$1B
$11.3M 0.22%
2,225,300
– –
SONO icon
40
Sonos
SONO
$1.81B
$9.61M 0.19%
710,612
-208,715
-23% -$3.05M
LUCD icon
41
Lucid Diagnostics
LUCD
$189M
$6.42M 0.13%
6,000,000
+3,000,000
+100% +$3.23M
IREN icon
42
Iris Energy
IREN
$12.7B
$6.4M 0.13%
+140,000
New +$7.28M
CORZW icon
43
Core Scientific Inc Tranche 1 Warrants
CORZW
$972M
$5.44M 0.11%
289,539
– –
OMEX icon
44
Odyssey Marine Exploration
OMEX
$48.4M
$4.76M 0.09%
5,592,985
– –
FRMI
45
Fermi Inc
FRMI
$3.2B
$3.23M 0.06%
352,671
+327,460
+1,299% +$2.07M
PAVM icon
46
PAVmed
PAVM
$39.3M
$2.74M 0.05%
461,539
– –
CORZZ icon
47
Core Scientific Inc Tranche 2 Warrants
CORZZ
$1.35B
$601K 0.01%
24,107
– –
AAPL icon
48
PUT
Apple
AAPL
$4.67T
– –
-850,000
Closed -$216M
CORZ icon
49
PUT
Core Scientific
CORZ
$5.31B
– –
-2,000,000
Closed -$29.9M
ESPR
50
DELISTED
Esperion Therapeutics
ESPR
– –
-11,394,833
Closed -$31.2M
1
2
3

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Two Seas Capital's Q2 2026 Portfolio in Review

As of Q2 2026, Two Seas Capital held 57 positions worth $5.05B, down 29% from $7.15B the previous quarter. Its ten largest holdings account for 73% of the portfolio.

Two Seas Capital's Q2 2026 filing shows 10 new, 16 increased, 15 reduced and 10 closed positions. Its largest new stake was SpaceX: 208,890 shares worth $35.7M. The largest sale was Core Scientific, an estimated $168M.

By sector, the portfolio is most concentrated in Miscellaneous at 48% of assets, down from 70% a quarter earlier, followed by Healthcare and Technology.

  • Two Seas Capital's largest Q2 2026 buy was SpaceX: 208,890 shares worth $35.7M.
  • Two Seas Capital added most to Nektar Therapeutics in Q2 2026, an estimated $82.9M increase.
  • Two Seas Capital's biggest Q2 2026 reduction was Core Scientific, cutting an estimated $168M.
  • Two Seas Capital fully exited Esperion Therapeutics in Q2 2026, selling an estimated $31.2M.
  • Two Seas Capital's ten largest holdings make up 73% of its $5.05B portfolio in Q2 2026.
  • Two Seas Capital opened 10 new positions and closed 10 in Q2 2026.
  • Two Seas Capital's portfolio value fell 29% quarter-over-quarter to $5.05B.

Based on Two Seas Capital's 13F filing for Q2 2026, filed 12 Aug 2026.