We are live on ! Find out more
TSC

Two Seas Capital Portfolio holdings

AUM $5.05B
1-Year Est. Return 164.99%
This Fund
S&P 500
This Quarter Est. Return
+39.96%
1 Year Est. Return
+164.99%
3 Year Est. Return
+386.97%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$6.23B
AUM Growth
+$274M
Cap. Flow
+$242M
Cap. Flow %
3.88%
Top 10 Hldgs %
87.65%
Holding
53
New
14
Increased
16
Reduced
9
Closed
12

Top Buys

Rank Stock Value
1
CORZ icon
Core Scientific
CORZ
+$126M
2
FSLR icon
First Solar
FSLR
+$63.5M
3
CRWV
CoreWeave
CRWV
+$33M
4
CLMT icon
Calumet Specialty Products
CLMT
+$20.6M
5
ROIV icon
Roivant Sciences
ROIV
+$14.3M

Top Sells

Rank Stock Value
1
INDV icon
Indivior Pharmaceuticals
INDV
+$18.9M
2
CEG icon
Constellation Energy
CEG
+$15.4M
3
IREN icon
Iris Energy
IREN
+$14.2M
4
TLN
Talen Energy Corp
TLN
+$12.2M
5
VST icon
Vistra
VST
+$12.1M

Sector Composition

Rank Sector Weight
1 Miscellaneous 73.47%
2 Healthcare 11.1%
3 Technology 6.6%
4 Utilities 2.36%
5 Communication Services 2.01%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SPY icon
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$795B
$3.87B 62.05%
5,802,300
-185,200
-3% -$119M
IWM icon
2
PUT
iShares Russell 2000 ETF
IWM
$76.5B
$351M 5.63%
+1,450,000
New +$333M
CORZ icon
3
Core Scientific
CORZ
$5.42B
$276M 4.42%
15,363,978
+8,593,951
+127% +$126M
INDV icon
4
Indivior Pharmaceuticals
INDV
$4.05B
$253M 4.07%
10,504,152
-903,643
-8% -$18.9M
ROIV icon
5
Roivant Sciences
ROIV
$28.6B
$178M 2.85%
11,754,164
+1,156,124
+11% +$14.3M
CRWV
6
CALL
CoreWeave
CRWV
$46B
$161M 2.59%
+1,180,000
New +$140M
TLN
7
Talen Energy Corp
TLN
$13.8B
$114M 1.82%
266,888
-33,810
-11% -$12.2M
CLMT icon
8
Calumet Specialty Products
CLMT
$5.1B
$105M 1.69%
5,752,538
+1,254,929
+28% +$20.6M
AVDL
9
DELISTED
Avadel Pharmaceuticals
AVDL
$82M 1.32%
5,369,082
-785,992
-13% -$10.2M
FSLR icon
10
First Solar
FSLR
$20.5B
$75.1M 1.21%
340,692
+330,692
+3,307% +$63.5M
CORZ icon
11
CALL
Core Scientific
CORZ
$5.42B
$61M 0.98%
3,400,000
– –
TDAY
12
USA Today Co
TDAY
$951M
$58.6M 0.94%
14,180,621
+2,950,000
+26% +$11.9M
SHC icon
13
Sotera Health
SHC
$5.52B
$53.1M 0.85%
3,373,228
-647,639
-16% -$9.09M
ABUS icon
14
Arbutus Biopharma
ABUS
$1B
$49.9M 0.8%
10,991,261
+547,944
+5% +$2.01M
FTAI icon
15
FTAI Aviation
FTAI
$19.5B
$45M 0.72%
269,601
+90,757
+51% +$12.9M
IMVT icon
16
Immunovant
IMVT
$7.51B
$44.5M 0.71%
2,762,040
+509,268
+23% +$8.24M
GLNG icon
17
Golar LNG
GLNG
$5.14B
$44.3M 0.71%
1,095,998
+186,643
+21% +$7.71M
WULF icon
18
TeraWulf
WULF
$7.68B
$44M 0.71%
3,851,188
+1,564,088
+68% +$12M
CRWV
19
CoreWeave
CRWV
$46B
$38.2M 0.61%
+279,051
New +$33M
ROIV icon
20
CALL
Roivant Sciences
ROIV
$28.6B
$36.8M 0.59%
+2,435,500
New +$30.2M
VST icon
21
Vistra
VST
$47.1B
$33.3M 0.53%
170,000
-61,257
-26% -$12.1M
PCG icon
22
CALL
PG&E
PCG
$29.4B
$28.8M 0.46%
+1,910,800
New +$27.9M
NBIS
23
Nebius Group N.V.
NBIS
$56.9B
$26.3M 0.42%
234,482
-15,518
-6% -$1.08M
SOC icon
24
CALL
Sable Offshore Corp
SOC
$879M
$26.2M 0.42%
+1,500,000
New +$38.4M
ESPR
25
DELISTED
Esperion Therapeutics
ESPR
$25.8M 0.41%
9,749,724
-205,251
-2% -$397K
1
2 3

Similar funds

YIH
Y-Intercept (HK) Hong Kong $5.05B AUM 17.89% 1-Year Est. Return
BGDI
BW Gestao de Investimentos Sao Paulo, Brazil $5.05B AUM 36.49% 1-Year Est. Return
WAM
WT Asset Management Hong Kong $5.05B AUM 589.49% 1-Year Est. Return
MS
Maven Securities St Helier, Jersey $5.06B AUM 59.27% 1-Year Est. Return
GIBU
Gulf International Bank (UK) London, United Kingdom $5.07B AUM 41.86% 1-Year Est. Return
ONB
Old National Bancorp Evansville, Indiana $5.02B AUM 25.65% 1-Year Est. Return
VDI
Vaughan David Investments Peoria, Illinois $5.02B AUM 23.43% 1-Year Est. Return
SFM
Systematic Financial Management Teaneck, New Jersey $5.02B AUM 66.06% 1-Year Est. Return

Two Seas Capital's Q3 2025 Portfolio in Review

As of Q3 2025, Two Seas Capital held 53 positions worth $6.23B, up 4.6% from $5.96B the previous quarter. Its ten largest holdings account for 88% of the portfolio.

Two Seas Capital deployed $242M of net new capital in Q3 2025, opening 14 new positions and adding to 16 existing holdings. Its largest new stake was CoreWeave: 279,051 shares worth $38.2M.

By sector, the portfolio is most concentrated in Miscellaneous at 73% of assets, down from 83% a quarter earlier, followed by Healthcare and Technology.

On the sell side, the largest reduction was Indivior Pharmaceuticals, an estimated $18.9M trimmed.

  • Two Seas Capital's largest Q3 2025 buy was CoreWeave: 279,051 shares worth $38.2M.
  • Two Seas Capital added most to Core Scientific in Q3 2025, an estimated $126M increase.
  • Two Seas Capital's biggest Q3 2025 reduction was Indivior Pharmaceuticals, cutting an estimated $18.9M.
  • Two Seas Capital fully exited Constellation Energy in Q3 2025, selling an estimated $15.4M.
  • Two Seas Capital's ten largest holdings make up 88% of its $6.23B portfolio in Q3 2025.
  • Two Seas Capital opened 14 new positions and closed 12 in Q3 2025.
  • Two Seas Capital's portfolio value rose 4.6% quarter-over-quarter to $6.23B.

Based on Two Seas Capital's 13F filing for Q3 2025, filed 14 Nov 2025.