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Two Seas Capital Portfolio holdings

AUM $8.68B
1-Year Est. Return 78.08%
This Fund
S&P 500
This Quarter Est. Return
-14.73%
1 Year Est. Return
+78.08%
3 Year Est. Return
+344.2%
5 Year Est. Return
+575.95%
10 Year Est. Return
–
AUM
$76.8M
AUM Growth
-$42.5M
Cap. Flow
-$22.3M
Cap. Flow %
-29%
Top 10 Hldgs %
100%
Holding
12
New
–
Increased
5
Reduced
2
Closed
4
Avg Time Held Equity + Options
2 quarters
Top 10 Avg Time Held Equity + Options
1.6 quarters
Top 20 Avg Time Held Equity + Options
2 quarters
Avg Time Held Equity only
2 quarters
Top 10 Avg Time Held Equity only
1.6 quarters
Top 20 Avg Time Held Equity only
2 quarters

Top Buys

Rank Stock Value
1
ROIV icon
Roivant Sciences
ROIV
+$10.4M
2
ABUS icon
Arbutus Biopharma
ABUS
+$3.33M
3
OMEX icon
Odyssey Marine Exploration
OMEX
+$2.16M
4
MTBL
Moatable, Inc. American Depositary Share (each representing forty-five (45) Class A Ordinary Shares)
MTBL
+$2.07M
5
OSG icon
Octave Specialty Group
OSG
+$332K

Top Sells

Rank Stock Value
1
HTZ icon
Hertz
HTZ
+$35.2M
2
JOBS
51job Inc
JOBS
+$2.45M
3
SONO icon
Sonos
SONO
+$2.3M
4
ENDP
Endo International plc
ENDP
+$438K
5
HTZWW icon
Hertz Global Holdings Warrants
HTZWW
+$122K

Sector Composition

Rank Sector Weight
1 Industrials 44.53%
2 Healthcare 30.47%
3 Technology 14.97%
4 Materials 5.46%
5 Financials 3.97%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
HTZ icon
1
Hertz
HTZ
$659M
$34.2M 44.53%
2,159,856
-1,786,435
-45% -$35.2M
2021 Q4
2 quarters
ROIV icon
2
Roivant Sciences
ROIV
$25B
$13.9M 18.12%
3,419,836
+2,612,929
+324% +$10.4M
2021 Q4
2 quarters
MTBL
3
DELISTED
Moatable, Inc. American Depositary Share (each representing forty-five (45) Class A Ordinary Shares)
MTBL
$11.5M 14.97%
3,976,550
+751,840
+23% +$2.07M
2021 Q4
2 quarters
ABUS icon
4
Arbutus Biopharma
ABUS
$822M
$9.49M 12.35%
3,501,876
+1,302,807
+59% +$3.33M
2021 Q4
2 quarters
OMEX icon
5
Odyssey Marine Exploration
OMEX
$37.6M
$4.19M 5.46%
1,229,579
+447,761
+57% +$2.16M
2021 Q4
2 quarters
OSG icon
6
Octave Specialty Group
OSG
$211M
$3.05M 3.97%
268,457
+35,000
+15% +$332K
2021 Q4
2 quarters
HTZWW icon
7
Hertz Global Holdings Warrants
HTZWW
$75.5M
$402K 0.52%
41,013
-9,433
-19% -$122K
2021 Q4
2 quarters
ROIVW icon
8
DELISTED
Roivant Sciences Ltd. Warrant
ROIVW
$67K 0.09%
111,509
– –
2021 Q4
2 quarters
HTZ icon
9
CALL
Hertz
HTZ
$659M
– –
-2,000
Closed -$660K –
SONO icon
10
Sonos
SONO
$2.05B
– –
-81,362
Closed -$2.3M –
ENDP
11
DELISTED
Endo International plc
ENDP
– –
-189,543
Closed -$438K –
JOBS
12
DELISTED
51job Inc
JOBS
– –
-41,865
Closed -$2.45M –

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Two Seas Capital's Q2 2022 Portfolio in Review

As of Q2 2022, Two Seas Capital held 12 positions worth $76.8M, down 36% from $119M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Two Seas Capital withdrew a net $22.3M in Q2 2022, closing 4 positions and reducing 2 holdings. Its most notable exit was 51job Inc, an estimated $2.45M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 45% of assets, down from 75% a quarter earlier, followed by Healthcare and Technology.

Against the trend, Two Seas Capital added an estimated $10.4M to Roivant Sciences.

  • Two Seas Capital added most to Roivant Sciences in Q2 2022, an estimated $10.4M increase.
  • Two Seas Capital's biggest Q2 2022 reduction was Hertz, cutting an estimated $35.2M.
  • Two Seas Capital fully exited 51job Inc in Q2 2022, selling an estimated $2.45M.
  • Two Seas Capital's ten largest holdings make up 100% of its $76.8M portfolio in Q2 2022.
  • Two Seas Capital opened 0 new positions and closed 4 in Q2 2022.
  • Two Seas Capital's portfolio value fell 36% quarter-over-quarter to $76.8M.

Based on Two Seas Capital's 13F filing for Q2 2022, filed 12 Aug 2022.