Two Seas Capital LP Diversified Active

CIK: 0001823138 · Show all filings

Period: Q4 2024 (← Previous) (Next →)

Filing Date: Feb 18, 2025

Total Value ($000): $1,157,331 (99.6% shares, 0.4% debt)

Holdings (32)

— INDIVIOR PLC 13.4%

Value ($000) $154,847 Shares 12,457,514 Est. Cost $23.28 Unrealized —

ROIV ROIVANT SCIENCES LTD 10.4%

Value ($000) $120,285 Shares 10,167,807 Est. Cost $7.00 Unrealized +69.0%

SPY SPDR S&P 500 ETF TR 10.1%

Value ($000) $117,216 Shares 200,000 Est. Cost — Unrealized —

TLN TALEN ENERGY CORP 9.9%

Value ($000) $114,531 Shares 568,475 Est. Cost $124.30 Unrealized +56.9%

QQQ INVESCO QQQ TR 8.8%

Value ($000) $101,735 Shares 199,000 Est. Cost — Unrealized —

CORZ CORE SCIENTIFIC INC NEW 7.6%

Value ($000) $87,572 Shares 6,232,888 Est. Cost $5.00 Unrealized +195.3%

TLN TALEN ENERGY CORP 6.1%

Value ($000) $70,515 Shares 350,000 Est. Cost $124.30 Unrealized +56.9%

VST VISTRA CORP 4.5%

Value ($000) $52,264 Shares 379,085 Est. Cost $86.88 Unrealized +58.7%

— AVADEL PHARMACEUTICALS PLC 3.9%

Value ($000) $45,156 Shares 4,296,449 Est. Cost $12.34 Unrealized —

SHC SOTERA HEALTH CO 3.4%

Value ($000) $39,619 Shares 2,896,136 Est. Cost $14.48 Unrealized +0.1%

CLMT CALUMET INC 3.4%

Value ($000) $39,269 Shares 1,783,334 Est. Cost $20.16 Unrealized +4.3%

IMVT IMMUNOVANT INC 3.2%

Value ($000) $37,443 Shares 1,511,614 Est. Cost $29.43 Unrealized -3.6%

ABUS ARBUTUS BIOPHARMA CORP 2.5%

Value ($000) $28,583 Shares 8,740,956 Est. Cost $2.70 Unrealized +36.3%

CEG CONSTELLATION ENERGY CORP 1.9%

Value ($000) $22,027 Shares 98,463 Est. Cost $234.90 Unrealized +5.5%

ESPR ESPERION THERAPEUTICS INC NE 1.2%

Value ($000) $13,708 Shares 6,230,871 Est. Cost $1.72 Unrealized +35.3%

TDAY GANNETT CO INC 1.1%

Value ($000) $12,755 Shares 2,520,800 Est. Cost $5.31 Unrealized 0.0%

META META PLATFORMS INC 0.9%

Value ($000) $10,841 Shares 18,516 Est. Cost $294.53 Unrealized +98.5%

HUT HUT 8 CORP 0.8%

Value ($000) $9,770 Shares 476,808 Est. Cost $17.36 Unrealized +17.6%

ARDX ARDELYX INC 0.8%

Value ($000) $9,407 Shares 1,855,337 Est. Cost $5.52 Unrealized 0.0%

BTDR BITDEER TECHNOLOGIES GROUP 0.8%

Value ($000) $9,384 Shares 433,028 Est. Cost $12.72 Unrealized 0.0%

CLMT CALUMET INC 0.8%

Value ($000) $8,808 Shares 400,000 Est. Cost $20.16 Unrealized +4.3%

IREN IREN LIMITED 0.7%

Value ($000) $8,445 Shares 860,000 Est. Cost $10.19 Unrealized +4.6%

ADAPY ADAPTIMMUNE THERAPEUTICS PLC 0.7%

Value ($000) $7,992 Shares 14,835,146 Est. Cost $0.54 Unrealized —

SONO SONOS INC 0.7%

Value ($000) $7,955 Shares 528,928 Est. Cost $16.85 Unrealized -20.1%

— ESPERION THERAPEUTICS INC NE 0.4%

Value ($000) $5,162 Shares 5,315,000 Est. Cost $0.59 Unrealized —

APLD APPLIED DIGITAL CORP 0.4%

Value ($000) $5,062 Shares 662,587 Est. Cost $8.31 Unrealized 0.0%

GOOGL ALPHABET INC 0.4%

Value ($000) $4,733 Shares 25,000 Est. Cost $154.83 Unrealized +12.5%

SOC SABLE OFFSHORE CORP 0.3%

Value ($000) $3,630 Shares 158,518 Est. Cost $21.89 Unrealized 0.0%

TDAY GANNETT CO INC 0.2%

Value ($000) $2,530 Shares 500,000 Est. Cost $5.31 Unrealized 0.0%

CORZW CORE SCIENTIFIC INC NEW 0.2%

Value ($000) $2,312 Shares 280,248 Est. Cost $1.33 Unrealized —

BTBT BIT DIGITAL INC 0.2%

Value ($000) $1,941 Shares 662,414 Est. Cost $3.55 Unrealized +10.6%

OMEX ODYSSEY MARINE EXPL INC 0.2%

Value ($000) $1,835 Shares 2,549,049 Est. Cost $0.70 Unrealized -27.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	INDIVIOR PLC	12,457,514	$154,847	13.4%	$23.28	—	ORD	G4766E116
ROIV	ROIVANT SCIENCES LTD	10,167,807	$120,285	10.4%	$7.00	+69.0%	SHS	G76279101
SPY	SPDR S&P 500 ETF TR	200,000	$117,216	10.1%	—	—	Put	78462F103
TLN	TALEN ENERGY CORP	568,475	$114,531	9.9%	$124.30	+56.9%	COM	87422Q109
QQQ	INVESCO QQQ TR	199,000	$101,735	8.8%	—	—	Put	46090E103
CORZ	CORE SCIENTIFIC INC NEW	6,232,888	$87,572	7.6%	$5.00	+195.3%	COM	21874A106
TLN	TALEN ENERGY CORP	350,000	$70,515	6.1%	$124.30	+56.9%	Call	87422Q109
VST	VISTRA CORP	379,085	$52,264	4.5%	$86.88	+58.7%	COM	92840M102
—	AVADEL PHARMACEUTICALS PLC	4,296,449	$45,156	3.9%	$12.34	—	COM SHS	G29687103
SHC	SOTERA HEALTH CO	2,896,136	$39,619	3.4%	$14.48	+0.1%	COM	83601L102
CLMT	CALUMET INC	1,783,334	$39,269	3.4%	$20.16	+4.3%	COM	131428104
IMVT	IMMUNOVANT INC	1,511,614	$37,443	3.2%	$29.43	-3.6%	COM	45258J102
ABUS	ARBUTUS BIOPHARMA CORP	8,740,956	$28,583	2.5%	$2.70	+36.3%	COM	03879J100
CEG	CONSTELLATION ENERGY CORP	98,463	$22,027	1.9%	$234.90	+5.5%	COM	21037T109
ESPR	ESPERION THERAPEUTICS INC NE	6,230,871	$13,708	1.2%	$1.72	+35.3%	COM	29664W105
TDAY	GANNETT CO INC	2,520,800	$12,755	1.1%	$5.31	0.0%	Call	36472T109
META	META PLATFORMS INC	18,516	$10,841	0.9%	$294.53	+98.5%	CL A	30303M102
HUT	HUT 8 CORP	476,808	$9,770	0.8%	$17.36	+17.6%	COM	44812J104
ARDX	ARDELYX INC	1,855,337	$9,407	0.8%	$5.52	0.0%	COM	039697107
BTDR	BITDEER TECHNOLOGIES GROUP	433,028	$9,384	0.8%	$12.72	0.0%	CL A ORD SHS	G11448100
CLMT	CALUMET INC	400,000	$8,808	0.8%	$20.16	+4.3%	Call	131428104
IREN	IREN LIMITED	860,000	$8,445	0.7%	$10.19	+4.6%	ORDINARY SHARES	Q4982L109
ADAPY	ADAPTIMMUNE THERAPEUTICS PLC	14,835,146	$7,992	0.7%	$0.54	—	SPONDS ADR	00653A107
SONO	SONOS INC	528,928	$7,955	0.7%	$16.85	-20.1%	COM	83570H108
—	ESPERION THERAPEUTICS INC NE	5,315,000	$5,162	0.4%	$0.59	—	NOTE 4.000%11/1	29664WAB1
APLD	APPLIED DIGITAL CORP	662,587	$5,062	0.4%	$8.31	0.0%	COM NEW	038169207
GOOGL	ALPHABET INC	25,000	$4,733	0.4%	$154.83	+12.5%	CAP STK CL A	02079K305
SOC	SABLE OFFSHORE CORP	158,518	$3,630	0.3%	$21.89	0.0%	COM SHS	78574H104
TDAY	GANNETT CO INC	500,000	$2,530	0.2%	$5.31	0.0%	COM	36472T109
CORZW	CORE SCIENTIFIC INC NEW	280,248	$2,312	0.2%	$1.33	—	*W EXP 01/23/202	21874A114
BTBT	BIT DIGITAL INC	662,414	$1,941	0.2%	$3.55	+10.6%	SHS	G1144A105
OMEX	ODYSSEY MARINE EXPL INC	2,549,049	$1,835	0.2%	$0.70	-27.3%	COM NEW	676118201