Skip to content
Disclosery

Two Seas Capital LP

Follow

13F filer, CIK 1823138, RYE, NY

Two Seas Capital LP reported $7,154,501,418 across 47 holdings for the quarter ended 2026-03-31, in a 13F-HR filed 2026-05-15. Its ten largest share positions make up 71.27% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001315863-26-000426

Period
2026-03-31
Reported value
$7.15B
Holdings
47
Top 10 weight
71.27%
New
15
Sold out
6

Part of the filer group Two Seas Capital LP

  • Sina Toussi
  • Two Seas Capital GP LLC
How groups are built

Largest buys vs the previous quarter

SecurityShares changeApprox. value
INDVnew+4,746,510$145M
NKTRadded+1,213,993$87.3M
SOCadded+3,763,472$62.2M
TLNadded+187,155$59.7M
ABUSadded+5,968,385$26.9M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
INDIVIOR PLCexited-5,109,198-$183M
CLMTreduced-1,015,937-$36.5M
NBISreduced-148,007-$15.4M
CORZreduced-859,388-$12.9M
ROIVreduced-463,600-$12.8M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q1 2026

Share positions as resolved from 13F-HR 0001315863-26-000426, largest first. % of portfolio is the value over $2,166,712,077, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
ROIVROIVANT SCIENCES LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 10,167,807 shares; 2025Q1: 10,136,307 shares; 2025Q2: 10,598,040 shares; 2025Q3: 11,754,164 shares; 2025Q4: 9,791,891 shares; 2026Q1: 9,328,291 shares 9,328,291$258M11.93%-463,600Timeline
CORZCORE SCIENTIFIC INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 6,232,888 shares; 2025Q1: 7,995,574 shares; 2025Q2: 6,770,027 shares; 2025Q3: 15,363,978 shares; 2025Q4: 17,011,221 shares; 2026Q1: 16,151,833 shares 16,151,833$242M11.15%-859,388Timeline
CLMTCALUMET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 1,783,334 shares; 2025Q1: 2,866,511 shares; 2025Q2: 4,497,609 shares; 2025Q3: 5,752,538 shares; 2025Q4: 6,976,229 shares; 2026Q1: 5,960,292 shares 5,960,292$214M9.88%-1,015,937Timeline
TLNTALEN ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 568,475 shares; 2025Q1: 472,275 shares; 2025Q2: 300,698 shares; 2025Q3: 266,888 shares; 2025Q4: 391,974 shares; 2026Q1: 579,129 shares 579,129$185M8.53%+187,155Timeline
INDVINDIVIOR PHARMACEUTICALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 4,746,510 shares 4,746,510$145M6.68%newTimeline
NKTRNEKTAR THERAPEUTICSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 745,185 shares; 2026Q1: 1,959,178 shares 1,959,178$141M6.51%+1,213,9932026-09-25, 13G/A: 3,345,978 shares, 9.8% of the class, 13G/A filed 2026-09-28 Timeline
TDAYUSA TODAY CO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 500,000 shares; 2025Q1: 3,437,206 shares; 2025Q2: 11,230,621 shares; 2025Q3: 14,180,621 shares; 2025Q4: 14,552,621 shares; 2026Q1: 14,045,443 shares 14,045,443$99M4.57%-507,178Timeline
SOCSABLE OFFSHORE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 158,518 shares; 2025Q1: not reported; 2025Q2: 441,677 shares; 2025Q3: 614,044 shares; 2025Q4: 1,733,239 shares; 2026Q1: 5,496,711 shares 5,496,711$90.8M4.19%+3,763,472Timeline
SHCSOTERA HEALTH COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 2,896,136 shares; 2025Q1: 3,321,136 shares; 2025Q2: 4,020,867 shares; 2025Q3: 3,373,228 shares; 2025Q4: 4,412,106 shares; 2026Q1: 6,023,371 shares 6,023,371$86.4M3.99%+1,611,265Timeline
ABUSARBUTUS BIOPHARMA CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 8,740,956 shares; 2025Q1: 9,465,956 shares; 2025Q2: 10,443,317 shares; 2025Q3: 10,991,261 shares; 2025Q4: 12,589,158 shares; 2026Q1: 18,557,543 shares 18,557,543$83.5M3.85%+5,968,385Timeline
IMVTIMMUNOVANT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 1,511,614 shares; 2025Q1: 1,642,772 shares; 2025Q2: 2,252,772 shares; 2025Q3: 2,762,040 shares; 2025Q4: 2,866,962 shares; 2026Q1: 3,201,962 shares 3,201,962$79.5M3.67%+335,000Timeline
GLNGGOLAR LNG LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: 515,949 shares; 2025Q2: 909,355 shares; 2025Q3: 1,095,998 shares; 2025Q4: 1,170,998 shares; 2026Q1: 1,274,710 shares 1,274,710$69M3.18%+103,712Timeline
FTAIFTAI AVIATION LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: 115,663 shares; 2025Q2: 178,844 shares; 2025Q3: 269,601 shares; 2025Q4: 186,209 shares; 2026Q1: 255,507 shares 255,507$62.6M2.89%+69,298Timeline
FSLRFIRST SOLAR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 10,000 shares; 2025Q3: 340,692 shares; 2025Q4: 284,259 shares; 2026Q1: 302,984 shares 302,984$59.8M2.76%+18,725Timeline
WULFTERAWULF INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: 214,371 shares; 2025Q2: 2,287,100 shares; 2025Q3: 3,851,188 shares; 2025Q4: 4,502,794 shares; 2026Q1: 4,024,005 shares 4,024,005$58.1M2.68%-478,789Timeline
ECHOECHOSTAR CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 292,470 shares; 2025Q4: 402,135 shares; 2026Q1: 382,135 shares 382,135$44.7M2.06%-20,000Timeline
ESPRESPERION THERAPEUTICS INC NEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 6,230,871 shares; 2025Q1: 6,930,871 shares; 2025Q2: 9,954,975 shares; 2025Q3: 9,749,724 shares; 2025Q4: 11,902,521 shares; 2026Q1: 11,394,833 shares 11,394,833$31.2M1.44%-507,688Timeline
VSTVISTRA CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 379,085 shares; 2025Q1: 211,435 shares; 2025Q2: 231,257 shares; 2025Q3: 170,000 shares; 2025Q4: 249,707 shares; 2026Q1: 185,597 shares 185,597$27.9M1.29%-64,110Timeline
CIFRCIPHER DIGITAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 250,000 shares; 2025Q3: 462,000 shares; 2025Q4: 305,756 shares; 2026Q1: 2,050,000 shares 2,050,000$26.4M1.22%+1,744,244Timeline
QUREUNIQURE NVQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 1,300,000 shares 1,300,000$21.3M0.98%newTimeline
TACTRANSALTA CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 1,597,900 shares 1,597,900$20.9M0.97%newTimeline
NBISNEBIUS GROUP N.V.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: 150,000 shares; 2025Q2: 250,000 shares; 2025Q3: 234,482 shares; 2025Q4: 344,482 shares; 2026Q1: 196,475 shares 196,475$20.4M0.94%-148,007Timeline
STAASTAAR SURGICAL COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 1,036,973 shares 1,036,973$19.4M0.89%newTimeline
BTDRBITDEER TECHNOLOGIES GROUPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 433,028 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 450,000 shares; 2025Q4: not reported; 2026Q1: 2,223,999 shares 2,223,999$19.2M0.89%newTimeline
SONOSONOS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 528,928 shares; 2025Q1: 431,042 shares; 2025Q2: 281,042 shares; 2025Q3: 531,042 shares; 2025Q4: 322,462 shares; 2026Q1: 919,327 shares 919,327$12.3M0.57%+596,865Timeline
HUTHUT 8 CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 476,808 shares; 2025Q1: 131,808 shares; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 491,500 shares; 2026Q1: 250,000 shares 250,000$11.7M0.54%-241,500Timeline
MSOSADVISORSHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,500,000 shares; 2025Q4: 3,252,409 shares; 2026Q1: 3,302,409 shares 3,302,409$11.7M0.54%+50,000Timeline
SHAZSHARONAI HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 416,666 shares 416,666$9.47M0.44%newTimeline
PAVMPAVMED INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 461,539 shares 461,539$4.68M0.22%newTimeline
OMEXODYSSEY MARINE EXPL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 2,549,049 shares; 2025Q1: 2,549,049 shares; 2025Q2: 1,430,769 shares; 2025Q3: 4,570,011 shares; 2025Q4: 5,185,029 shares; 2026Q1: 5,592,985 shares 5,592,985$4.66M0.22%+407,956Timeline
LUCDLUCID DIAGNOSTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 3,000,000 shares; 2025Q4: 3,000,000 shares; 2026Q1: 3,000,000 shares 3,000,000$3.45M0.16%0Timeline
CORZWCORE SCIENTIFIC INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 280,248 shares; 2025Q1: 280,248 shares; 2025Q2: 336,378 shares; 2025Q3: 289,539 shares; 2025Q4: 289,539 shares; 2026Q1: 289,539 shares 289,539$2.53M0.12%0Timeline
DARDARLING INGREDIENTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 16,527 shares 16,527$1.02M0.05%newTimeline
CORZZCORE SCIENTIFIC INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 24,107 shares; 2025Q3: 24,107 shares; 2025Q4: 24,107 shares; 2026Q1: 24,107 shares 24,107$362K0.02%0Timeline
FRMIFERMI INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 25,211 shares 25,211$147K0.01%newTimeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
SPYSTATE STR SPDR S&P 500 ETF T SHSput6,468,600$4.21B+2,761,600
XBISPDR SERIES TRUST S&P BIOTECHput1,928,000$246Mnew
AAPLAPPLE INC COMput850,000$216Mnew
FSLRFIRST SOLAR INC Stockcall458,700$90.5Mnew
MRNAMODERNA INC COMput1,100,000$55.9Mnew
ECHOECHOSTAR CORP CL Acall375,000$43.9Mnew
CORZCORE SCIENTIFIC INC NEW COMcall2,534,000$37.9M-5,943,600
CORZCORE SCIENTIFIC INC NEW COMput2,000,000$29.9M+1,760,000
ROIVROIVANT SCIENCES LTD SHScall732,300$20.3M-1,703,200
IBITISHARES BITCOIN TRUST ETF SHSput500,000$19.2M-718,000
GLNGGOLAR LNG LTD SHScall250,000$13.5Mnew
MSOSADVISORSHARES TR PURE US CANNABIScall2,225,300$7.9M-1,350,000

Sold out in Q1 2026

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
IWMISHARES TR1,050,000$258Mput
INDIVIOR PLCINDIVIOR PLC5,109,198$183Mshares
HUTHUT 8 CORP1,752,500$80.5Mcall
CLMTCALUMET INC1,122,000$22.3Mcall
METAMETA PLATFORMS INC14,272$9.42Mshares
CRWVCOREWEAVE INC110,000$7.88Mshares

How Q1 2026 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001315863-26-000426 base2026-05-15acceptance time not in the bulk data set