Two Seas Capital LP Hedge Fund

Location: Rye, NY

CIK: 0001823138 · Show all filings

Period: Q4 2024 (← Previous) (Next →)

Filing Date: Feb 18, 2025

Total Value: $1.157B (99.6% shares, 0.4% debt)

Holdings (32)

— INDIVIOR PLC 13.4%

Value $155M Shares 12,457,514 Share Price $12.43 Est. Cost/Share $23.28 Unrealized @ Report Date —

ROIV ROIVANT SCIENCES LTD 10.4%

Value $120M Shares 10,167,807 Share Price $11.83 Est. Cost/Share $7.00 Unrealized @ Report Date +69.1%

SPY SPDR S&P 500 ETF TR 10.1%

Value $117M Shares 200,000 Share Price $586.08 Est. Cost/Share — Unrealized @ Report Date —

TLN TALEN ENERGY CORP 9.9%

Value $115M Shares 568,475 Share Price $201.47 Est. Cost/Share $124.30 Unrealized @ Report Date +62.1%

QQQ INVESCO QQQ TR 8.8%

Value $102M Shares 199,000 Share Price $511.23 Est. Cost/Share — Unrealized @ Report Date —

CORZ CORE SCIENTIFIC INC NEW 7.6%

Value $87.57M Shares 6,232,888 Share Price $14.05 Est. Cost/Share $5.00 Unrealized @ Report Date +180.8%

TLN TALEN ENERGY CORP 6.1%

Value $70.51M Shares 350,000 Share Price $201.47 Est. Cost/Share $124.30 Unrealized @ Report Date +62.1%

VST VISTRA CORP 4.5%

Value $52.26M Shares 379,085 Share Price $137.87 Est. Cost/Share $86.88 Unrealized @ Report Date +57.8%

— AVADEL PHARMACEUTICALS PLC 3.9%

Value $45.16M Shares 4,296,449 Share Price $10.51 Est. Cost/Share $12.34 Unrealized @ Report Date —

SHC SOTERA HEALTH CO 3.4%

Value $39.62M Shares 2,896,136 Share Price $13.68 Est. Cost/Share $14.48 Unrealized @ Report Date -5.6%

CLMT CALUMET INC 3.4%

Value $39.27M Shares 1,783,334 Share Price $22.02 Est. Cost/Share $20.16 Unrealized @ Report Date +9.3%

IMVT IMMUNOVANT INC 3.2%

Value $37.44M Shares 1,511,614 Share Price $24.77 Est. Cost/Share $29.43 Unrealized @ Report Date -15.8%

ABUS ARBUTUS BIOPHARMA CORP 2.5%

Value $28.58M Shares 8,740,956 Share Price $3.27 Est. Cost/Share $2.70 Unrealized @ Report Date +21.1%

CEG CONSTELLATION ENERGY CORP 1.9%

Value $22.03M Shares 98,463 Share Price $223.71 Est. Cost/Share $234.90 Unrealized @ Report Date -5.3%

ESPR ESPERION THERAPEUTICS INC NE 1.2%

Value $13.71M Shares 6,230,871 Share Price $2.20 Est. Cost/Share $1.72 Unrealized @ Report Date +27.6%

TDAY GANNETT CO INC 1.1%

Value $12.76M Shares 2,520,800 Share Price $5.06 Est. Cost/Share $5.31 Unrealized @ Report Date -4.8%

META META PLATFORMS INC 0.9%

Value $10.84M Shares 18,516 Share Price $585.51 Est. Cost/Share $294.53 Unrealized @ Report Date +98.2%

HUT HUT 8 CORP 0.8%

Value $9.77M Shares 476,808 Share Price $20.49 Est. Cost/Share $17.36 Unrealized @ Report Date +18.0%

ARDX ARDELYX INC 0.8%

Value $9.407M Shares 1,855,337 Share Price $5.07 Est. Cost/Share $5.52 Unrealized @ Report Date -8.2%

BTDR BITDEER TECHNOLOGIES GROUP 0.8%

Value $9.384M Shares 433,028 Share Price $21.67 Est. Cost/Share $12.72 Unrealized @ Report Date +70.4%

CLMT CALUMET INC 0.8%

Value $8.808M Shares 400,000 Share Price $22.02 Est. Cost/Share $20.16 Unrealized @ Report Date +9.3%

IREN IREN LIMITED 0.7%

Value $8.445M Shares 860,000 Share Price $9.82 Est. Cost/Share $10.19 Unrealized @ Report Date -3.6%

ADAPY ADAPTIMMUNE THERAPEUTICS PLC 0.7%

Value $7.992M Shares 14,835,146 Share Price $0.54 Est. Cost/Share $0.54 Unrealized @ Report Date —

SONO SONOS INC 0.7%

Value $7.955M Shares 528,928 Share Price $15.04 Est. Cost/Share $16.85 Unrealized @ Report Date -10.7%

— ESPERION THERAPEUTICS INC NE 0.4%

Value $5.162M Shares 5,315,000 Share Price $0.97 Est. Cost/Share $0.59 Unrealized @ Report Date —

APLD APPLIED DIGITAL CORP 0.4%

Value $5.062M Shares 662,587 Share Price $7.64 Est. Cost/Share $8.31 Unrealized @ Report Date -8.1%

GOOGL ALPHABET INC 0.4%

Value $4.732M Shares 25,000 Share Price $189.30 Est. Cost/Share $154.83 Unrealized @ Report Date +21.8%

SOC SABLE OFFSHORE CORP 0.3%

Value $3.63M Shares 158,518 Share Price $22.90 Est. Cost/Share $21.89 Unrealized @ Report Date +4.6%

TDAY GANNETT CO INC 0.2%

Value $2.53M Shares 500,000 Share Price $5.06 Est. Cost/Share $5.31 Unrealized @ Report Date -4.8%

CORZW CORE SCIENTIFIC INC NEW 0.2%

Value $2.312M Shares 280,248 Share Price $8.25 Est. Cost/Share $1.33 Unrealized @ Report Date —

BTBT BIT DIGITAL INC 0.2%

Value $1.941M Shares 662,414 Share Price $2.93 Est. Cost/Share $3.55 Unrealized @ Report Date -17.5%

OMEX ODYSSEY MARINE EXPL INC 0.2%

Value $1.835M Shares 2,549,049 Share Price $0.72 Est. Cost/Share $0.70 Unrealized @ Report Date +3.4%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
—	INDIVIOR PLC	12,457,514	$155M	13.4%	$12.43	$23.28	—	ORD	G4766E116
ROIV	ROIVANT SCIENCES LTD	10,167,807	$120M	10.4%	$11.83	$7.00	+69.1%	SHS	G76279101
SPY	SPDR S&P 500 ETF TR	200,000	$117M	10.1%	$586.08	—	—	Put	78462F103
TLN	TALEN ENERGY CORP	568,475	$115M	9.9%	$201.47	$124.30	+62.1%	COM	87422Q109
QQQ	INVESCO QQQ TR	199,000	$102M	8.8%	$511.23	—	—	Put	46090E103
CORZ	CORE SCIENTIFIC INC NEW	6,232,888	$87.57M	7.6%	$14.05	$5.00	+180.8%	COM	21874A106
TLN	TALEN ENERGY CORP	350,000	$70.51M	6.1%	$201.47	$124.30	+62.1%	Call	87422Q109
VST	VISTRA CORP	379,085	$52.26M	4.5%	$137.87	$86.88	+57.8%	COM	92840M102
—	AVADEL PHARMACEUTICALS PLC	4,296,449	$45.16M	3.9%	$10.51	$12.34	—	COM SHS	G29687103
SHC	SOTERA HEALTH CO	2,896,136	$39.62M	3.4%	$13.68	$14.48	-5.6%	COM	83601L102
CLMT	CALUMET INC	1,783,334	$39.27M	3.4%	$22.02	$20.16	+9.3%	COM	131428104
IMVT	IMMUNOVANT INC	1,511,614	$37.44M	3.2%	$24.77	$29.43	-15.8%	COM	45258J102
ABUS	ARBUTUS BIOPHARMA CORP	8,740,956	$28.58M	2.5%	$3.27	$2.70	+21.1%	COM	03879J100
CEG	CONSTELLATION ENERGY CORP	98,463	$22.03M	1.9%	$223.71	$234.90	-5.3%	COM	21037T109
ESPR	ESPERION THERAPEUTICS INC NE	6,230,871	$13.71M	1.2%	$2.20	$1.72	+27.6%	COM	29664W105
TDAY	GANNETT CO INC	2,520,800	$12.76M	1.1%	$5.06	$5.31	-4.8%	Call	36472T109
META	META PLATFORMS INC	18,516	$10.84M	0.9%	$585.51	$294.53	+98.2%	CL A	30303M102
HUT	HUT 8 CORP	476,808	$9.77M	0.8%	$20.49	$17.36	+18.0%	COM	44812J104
ARDX	ARDELYX INC	1,855,337	$9.407M	0.8%	$5.07	$5.52	-8.2%	COM	039697107
BTDR	BITDEER TECHNOLOGIES GROUP	433,028	$9.384M	0.8%	$21.67	$12.72	+70.4%	CL A ORD SHS	G11448100
CLMT	CALUMET INC	400,000	$8.808M	0.8%	$22.02	$20.16	+9.3%	Call	131428104
IREN	IREN LIMITED	860,000	$8.445M	0.7%	$9.82	$10.19	-3.6%	ORDINARY SHARES	Q4982L109
ADAPY	ADAPTIMMUNE THERAPEUTICS PLC	14,835,146	$7.992M	0.7%	$0.54	$0.54	—	SPONDS ADR	00653A107
SONO	SONOS INC	528,928	$7.955M	0.7%	$15.04	$16.85	-10.7%	COM	83570H108
—	ESPERION THERAPEUTICS INC NE	5,315,000	$5.162M	0.4%	$0.97	$0.59	—	NOTE 4.000%11/1	29664WAB1
APLD	APPLIED DIGITAL CORP	662,587	$5.062M	0.4%	$7.64	$8.31	-8.1%	COM NEW	038169207
GOOGL	ALPHABET INC	25,000	$4.732M	0.4%	$189.30	$154.83	+21.8%	CAP STK CL A	02079K305
SOC	SABLE OFFSHORE CORP	158,518	$3.63M	0.3%	$22.90	$21.89	+4.6%	COM SHS	78574H104
TDAY	GANNETT CO INC	500,000	$2.53M	0.2%	$5.06	$5.31	-4.8%	COM	36472T109
CORZW	CORE SCIENTIFIC INC NEW	280,248	$2.312M	0.2%	$8.25	$1.33	—	*W EXP 01/23/202	21874A114
BTBT	BIT DIGITAL INC	662,414	$1.941M	0.2%	$2.93	$3.55	-17.5%	SHS	G1144A105
OMEX	ODYSSEY MARINE EXPL INC	2,549,049	$1.835M	0.2%	$0.72	$0.70	+3.4%	COM NEW	676118201