Two Seas Capital LP Diversified Active

CIK: 0001823138 · Show all filings

Period: Q1 2025 (← Previous) (Next →)

Filing Date: May 15, 2025

Total Value ($000): $3,174,040 (100.0% shares, 0.0% debt)

Holdings (30)

SPY SPDR S&P 500 ETF TR 35.9%

Value ($000) $1,138,359 Shares 2,035,000 Est. Cost — Unrealized —

QQQ INVESCO QQQ TR 22.5%

Value ($000) $715,103 Shares 1,525,000 Est. Cost — Unrealized —

HYG ISHARES TR 18.2%

Value ($000) $577,909 Shares 7,325,500 Est. Cost — Unrealized —

— INDIVIOR PLC 3.4%

Value ($000) $106,507 Shares 11,366,777 Est. Cost $23.28 Unrealized —

ROIV ROIVANT SCIENCES LTD 3.2%

Value ($000) $102,275 Shares 10,136,307 Est. Cost $7.00 Unrealized +54.6%

TLN TALEN ENERGY CORP 3.0%

Value ($000) $94,299 Shares 472,275 Est. Cost $124.30 Unrealized +74.5%

CORZ CORE SCIENTIFIC INC NEW 1.8%

Value ($000) $57,888 Shares 7,995,574 Est. Cost $6.41 Unrealized +77.6%

TLN TALEN ENERGY CORP 1.6%

Value ($000) $49,918 Shares 250,000 Est. Cost $124.30 Unrealized +74.5%

— AVADEL PHARMACEUTICALS PLC 1.2%

Value ($000) $38,731 Shares 4,946,449 Est. Cost $11.75 Unrealized —

SHC SOTERA HEALTH CO 1.2%

Value ($000) $38,724 Shares 3,321,136 Est. Cost $14.28 Unrealized -9.9%

CLMT CALUMET INC 1.1%

Value ($000) $36,347 Shares 2,866,511 Est. Cost $18.47 Unrealized -15.0%

VST VISTRA CORP 1.1%

Value ($000) $35,232 Shares 300,000 Est. Cost $86.88 Unrealized +71.1%

ABUS ARBUTUS BIOPHARMA CORP 1.0%

Value ($000) $33,036 Shares 9,465,956 Est. Cost $2.75 Unrealized +21.4%

IMVT IMMUNOVANT INC 0.9%

Value ($000) $28,075 Shares 1,642,772 Est. Cost $28.75 Unrealized -27.2%

VST VISTRA CORP 0.8%

Value ($000) $24,831 Shares 211,435 Est. Cost $86.88 Unrealized +71.1%

GLNG GOLAR LNG LTD 0.6%

Value ($000) $19,601 Shares 515,949 Est. Cost $38.25 Unrealized 0.0%

FTAI FTAI AVIATION LTD 0.4%

Value ($000) $12,842 Shares 115,663 Est. Cost $117.07 Unrealized 0.0%

ARDX ARDELYX INC 0.3%

Value ($000) $10,411 Shares 2,120,337 Est. Cost $5.51 Unrealized -2.5%

ESPR ESPERION THERAPEUTICS INC NE 0.3%

Value ($000) $9,980 Shares 6,930,871 Est. Cost $1.74 Unrealized +6.1%

TDAY GANNETT CO INC 0.3%

Value ($000) $9,934 Shares 3,437,206 Est. Cost $4.35 Unrealized -3.8%

TDAY GANNETT CO INC 0.3%

Value ($000) $8,135 Shares 2,814,900 Est. Cost $4.35 Unrealized -3.8%

CORZ CORE SCIENTIFIC INC NEW 0.2%

Value ($000) $6,056 Shares 836,500 Est. Cost $6.41 Unrealized +77.6%

SONO SONOS INC 0.1%

Value ($000) $4,599 Shares 431,042 Est. Cost $16.85 Unrealized -22.0%

IREN IREN LIMITED 0.1%

Value ($000) $4,050 Shares 665,000 Est. Cost $10.19 Unrealized -4.4%

ADAPY ADAPTIMMUNE THERAPEUTICS PLC 0.1%

Value ($000) $4,044 Shares 20,529,685 Est. Cost $0.44 Unrealized —

NBIS NEBIUS GROUP N.V. 0.1%

Value ($000) $3,167 Shares 150,000 Est. Cost $32.90 Unrealized 0.0%

HUT HUT 8 CORP 0.0%

Value ($000) $1,532 Shares 131,808 Est. Cost $17.36 Unrealized +6.4%

OMEX ODYSSEY MARINE EXPL INC 0.0%

Value ($000) $1,021 Shares 2,549,049 Est. Cost $0.70 Unrealized -26.8%

CORZW CORE SCIENTIFIC INC NEW 0.0%

Value ($000) $849 Shares 280,248 Est. Cost $1.33 Unrealized —

WULF TERAWULF INC 0.0%

Value ($000) $585 Shares 214,371 Est. Cost $4.46 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	2,035,000	$1,138,359	35.9%	—	—	Put	78462F103
QQQ	INVESCO QQQ TR	1,525,000	$715,103	22.5%	—	—	Put	46090E103
HYG	ISHARES TR	7,325,500	$577,909	18.2%	—	—	Put	464288513
—	INDIVIOR PLC	11,366,777	$106,507	3.4%	$23.28	—	ORD	G4766E116
ROIV	ROIVANT SCIENCES LTD	10,136,307	$102,275	3.2%	$7.00	+54.6%	SHS	G76279101
TLN	TALEN ENERGY CORP	472,275	$94,299	3.0%	$124.30	+74.5%	COM	87422Q109
CORZ	CORE SCIENTIFIC INC NEW	7,995,574	$57,888	1.8%	$6.41	+77.6%	COM	21874A106
TLN	TALEN ENERGY CORP	250,000	$49,918	1.6%	$124.30	+74.5%	Call	87422Q109
—	AVADEL PHARMACEUTICALS PLC	4,946,449	$38,731	1.2%	$11.75	—	COM SHS	G29687103
SHC	SOTERA HEALTH CO	3,321,136	$38,724	1.2%	$14.28	-9.9%	COM	83601L102
CLMT	CALUMET INC	2,866,511	$36,347	1.1%	$18.47	-15.0%	COM	131428104
VST	VISTRA CORP	300,000	$35,232	1.1%	$86.88	+71.1%	Call	92840M102
ABUS	ARBUTUS BIOPHARMA CORP	9,465,956	$33,036	1.0%	$2.75	+21.4%	COM	03879J100
IMVT	IMMUNOVANT INC	1,642,772	$28,075	0.9%	$28.75	-27.2%	COM	45258J102
VST	VISTRA CORP	211,435	$24,831	0.8%	$86.88	+71.1%	COM	92840M102
GLNG	GOLAR LNG LTD	515,949	$19,601	0.6%	$38.25	0.0%	SHS	G9456A100
FTAI	FTAI AVIATION LTD	115,663	$12,842	0.4%	$117.07	0.0%	SHS	G3730V105
ARDX	ARDELYX INC	2,120,337	$10,411	0.3%	$5.51	-2.5%	COM	039697107
ESPR	ESPERION THERAPEUTICS INC NE	6,930,871	$9,980	0.3%	$1.74	+6.1%	COM	29664W105
TDAY	GANNETT CO INC	3,437,206	$9,934	0.3%	$4.35	-3.8%	COM	36472T109
TDAY	GANNETT CO INC	2,814,900	$8,135	0.3%	$4.35	-3.8%	Call	36472T109
CORZ	CORE SCIENTIFIC INC NEW	836,500	$6,056	0.2%	$6.41	+77.6%	Call	21874A106
SONO	SONOS INC	431,042	$4,599	0.1%	$16.85	-22.0%	COM	83570H108
IREN	IREN LIMITED	665,000	$4,050	0.1%	$10.19	-4.4%	ORDINARY SHARES	Q4982L109
ADAPY	ADAPTIMMUNE THERAPEUTICS PLC	20,529,685	$4,044	0.1%	$0.44	—	SPONDS ADR	00653A107
NBIS	NEBIUS GROUP N.V.	150,000	$3,167	0.1%	$32.90	0.0%	SHS CLASS A	N97284108
HUT	HUT 8 CORP	131,808	$1,532	0.0%	$17.36	+6.4%	COM	44812J104
OMEX	ODYSSEY MARINE EXPL INC	2,549,049	$1,021	0.0%	$0.70	-26.8%	COM NEW	676118201
CORZW	CORE SCIENTIFIC INC NEW	280,248	$849	0.0%	$1.33	—	*W EXP 01/23/202	21874A114
WULF	TERAWULF INC	214,371	$585	0.0%	$4.46	0.0%	COM	88080T104