Two Seas Capital LP Diversified Active

CIK: 0001823138 · Show all filings

Period: Q2 2025 (← Previous) (Next →)

Filing Date: Aug 13, 2025

Total Value ($000): $5,955,315 (100.0% shares, 0.0% debt)

Holdings (39)

SPY SPDR S&P 500 ETF TR 62.1%

Value ($000) $3,699,377 Shares 5,987,500 Est. Cost — Unrealized —

HYG ISHARES TR 9.9%

Value ($000) $590,802 Shares 7,325,500 Est. Cost — Unrealized —

FSLR FIRST SOLAR INC 7.9%

Value ($000) $470,796 Shares 2,844,000 Est. Cost $147.64 Unrealized 0.0%

— INDIVIOR PLC 2.8%

Value ($000) $168,151 Shares 11,407,795 Est. Cost $23.28 Unrealized —

ROIV ROIVANT SCIENCES LTD 2.0%

Value ($000) $119,440 Shares 10,598,040 Est. Cost $7.16 Unrealized +51.3%

CORZ CORE SCIENTIFIC INC NEW 1.9%

Value ($000) $115,564 Shares 6,770,027 Est. Cost $6.41 Unrealized +56.1%

HUM HUMANA INC 1.7%

Value ($000) $100,604 Shares 411,500 Est. Cost — Unrealized —

TLN TALEN ENERGY CORP 1.5%

Value ($000) $87,434 Shares 300,698 Est. Cost $124.30 Unrealized +90.9%

CLMT CALUMET INC 1.2%

Value ($000) $70,860 Shares 4,497,609 Est. Cost $16.39 Unrealized -22.4%

CORZ CORE SCIENTIFIC INC NEW 1.0%

Value ($000) $58,038 Shares 3,400,000 Est. Cost $6.41 Unrealized +56.1%

— AVADEL PHARMACEUTICALS PLC 0.9%

Value ($000) $54,472 Shares 6,155,074 Est. Cost $11.18 Unrealized —

VST VISTRA CORP 0.8%

Value ($000) $44,820 Shares 231,257 Est. Cost $92.07 Unrealized +60.1%

SHC SOTERA HEALTH CO 0.8%

Value ($000) $44,712 Shares 4,020,867 Est. Cost $13.83 Unrealized -15.3%

TDAY GANNETT CO INC 0.7%

Value ($000) $40,206 Shares 11,230,621 Est. Cost $3.66 Unrealized -8.3%

GLNG GOLAR LNG LTD 0.6%

Value ($000) $37,456 Shares 909,355 Est. Cost $38.48 Unrealized +0.8%

IMVT IMMUNOVANT INC 0.6%

Value ($000) $36,044 Shares 2,252,772 Est. Cost $25.06 Unrealized -39.7%

ABUS ARBUTUS BIOPHARMA CORP 0.5%

Value ($000) $32,270 Shares 10,443,317 Est. Cost $2.80 Unrealized +18.5%

BUR BURFORD CAP LTD 0.4%

Value ($000) $22,498 Shares 1,577,670 Est. Cost $13.03 Unrealized 0.0%

FTAI FTAI AVIATION LTD 0.3%

Value ($000) $20,574 Shares 178,844 Est. Cost $115.01 Unrealized -3.3%

RUN SUNRUN INC 0.3%

Value ($000) $15,891 Shares 1,942,700 Est. Cost — Unrealized —

CEG CONSTELLATION ENERGY CORP 0.3%

Value ($000) $15,392 Shares 47,688 Est. Cost $263.84 Unrealized 0.0%

IREN IREN LIMITED 0.2%

Value ($000) $14,160 Shares 971,891 Est. Cost $9.54 Unrealized -14.8%

NBIS NEBIUS GROUP N.V. 0.2%

Value ($000) $13,833 Shares 250,000 Est. Cost $33.51 Unrealized +2.7%

META META PLATFORMS INC 0.2%

Value ($000) $11,119 Shares 15,065 Est. Cost $616.61 Unrealized 0.0%

WULF TERAWULF INC 0.2%

Value ($000) $10,017 Shares 2,287,100 Est. Cost $3.51 Unrealized -2.8%

ESPR ESPERION THERAPEUTICS INC NE 0.2%

Value ($000) $9,800 Shares 9,954,975 Est. Cost $1.51 Unrealized -33.8%

— PROSHARES TR 0.2%

Value ($000) $9,785 Shares 500,000 Est. Cost $19.57 Unrealized —

SOC SABLE OFFSHORE CORP 0.2%

Value ($000) $9,708 Shares 441,677 Est. Cost $23.26 Unrealized 0.0%

ARDX ARDELYX INC 0.1%

Value ($000) $6,035 Shares 1,539,416 Est. Cost $5.51 Unrealized -25.1%

ADAPY ADAPTIMMUNE THERAPEUTICS PLC 0.1%

Value ($000) $5,413 Shares 22,580,701 Est. Cost $0.43 Unrealized —

APLD APPLIED DIGITAL CORP 0.1%

Value ($000) $5,035 Shares 500,000 Est. Cost $7.38 Unrealized 0.0%

CORZW CORE SCIENTIFIC INC NEW 0.1%

Value ($000) $3,650 Shares 336,378 Est. Cost $2.92 Unrealized —

SONO SONOS INC 0.1%

Value ($000) $3,038 Shares 281,042 Est. Cost $16.85 Unrealized -42.3%

NRG NRG ENERGY INC 0.0%

Value ($000) $2,409 Shares 15,000 Est. Cost $130.97 Unrealized 0.0%

OMEX ODYSSEY MARINE EXPL INC 0.0%

Value ($000) $1,688 Shares 1,430,769 Est. Cost $0.70 Unrealized +30.8%

FSLR FIRST SOLAR INC 0.0%

Value ($000) $1,655 Shares 10,000 Est. Cost $147.64 Unrealized 0.0%

CIFR CIPHER MINING INC 0.0%

Value ($000) $1,195 Shares 250,000 Est. Cost $3.23 Unrealized 0.0%

— WOLFSPEED INC 0.0%

Value ($000) $962 Shares 2,412,111 Est. Cost $0.40 Unrealized —

CORZZ CORE SCIENTIFIC INC NEW 0.0%

Value ($000) $414 Shares 24,107 Est. Cost $17.16 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	5,987,500	$3,699,377	62.1%	—	—	Put	78462F103
HYG	ISHARES TR	7,325,500	$590,802	9.9%	—	—	Put	464288513
FSLR	FIRST SOLAR INC	2,844,000	$470,796	7.9%	$147.64	0.0%	Call	336433107
—	INDIVIOR PLC	11,407,795	$168,151	2.8%	$23.28	—	ORD	G4766E116
ROIV	ROIVANT SCIENCES LTD	10,598,040	$119,440	2.0%	$7.16	+51.3%	SHS	G76279101
CORZ	CORE SCIENTIFIC INC NEW	6,770,027	$115,564	1.9%	$6.41	+56.1%	COM	21874A106
HUM	HUMANA INC	411,500	$100,604	1.7%	—	—	Call	444859102
TLN	TALEN ENERGY CORP	300,698	$87,434	1.5%	$124.30	+90.9%	COM	87422Q109
CLMT	CALUMET INC	4,497,609	$70,860	1.2%	$16.39	-22.4%	COM	131428104
CORZ	CORE SCIENTIFIC INC NEW	3,400,000	$58,038	1.0%	$6.41	+56.1%	Call	21874A106
—	AVADEL PHARMACEUTICALS PLC	6,155,074	$54,472	0.9%	$11.18	—	COM SHS	G29687103
VST	VISTRA CORP	231,257	$44,820	0.8%	$92.07	+60.1%	COM	92840M102
SHC	SOTERA HEALTH CO	4,020,867	$44,712	0.8%	$13.83	-15.3%	COM	83601L102
TDAY	GANNETT CO INC	11,230,621	$40,206	0.7%	$3.66	-8.3%	COM	36472T109
GLNG	GOLAR LNG LTD	909,355	$37,456	0.6%	$38.48	+0.8%	SHS	G9456A100
IMVT	IMMUNOVANT INC	2,252,772	$36,044	0.6%	$25.06	-39.7%	COM	45258J102
ABUS	ARBUTUS BIOPHARMA CORP	10,443,317	$32,270	0.5%	$2.80	+18.5%	COM	03879J100
BUR	BURFORD CAP LTD	1,577,670	$22,498	0.4%	$13.03	0.0%	ORD SHS	G17977110
FTAI	FTAI AVIATION LTD	178,844	$20,574	0.3%	$115.01	-3.3%	SHS	G3730V105
RUN	SUNRUN INC	1,942,700	$15,891	0.3%	—	—	Put	86771W105
CEG	CONSTELLATION ENERGY CORP	47,688	$15,392	0.3%	$263.84	0.0%	COM	21037T109
IREN	IREN LIMITED	971,891	$14,160	0.2%	$9.54	-14.8%	ORDINARY SHARES	Q4982L109
NBIS	NEBIUS GROUP N.V.	250,000	$13,833	0.2%	$33.51	+2.7%	SHS CLASS A	N97284108
META	META PLATFORMS INC	15,065	$11,119	0.2%	$616.61	0.0%	CL A	30303M102
WULF	TERAWULF INC	2,287,100	$10,017	0.2%	$3.51	-2.8%	COM	88080T104
ESPR	ESPERION THERAPEUTICS INC NE	9,954,975	$9,800	0.2%	$1.51	-33.8%	COM	29664W105
—	PROSHARES TR	500,000	$9,785	0.2%	$19.57	—	ULTRAPRO SHT QQQ	74347G192
SOC	SABLE OFFSHORE CORP	441,677	$9,708	0.2%	$23.26	0.0%	COM SHS	78574H104
ARDX	ARDELYX INC	1,539,416	$6,035	0.1%	$5.51	-25.1%	COM	039697107
ADAPY	ADAPTIMMUNE THERAPEUTICS PLC	22,580,701	$5,413	0.1%	$0.43	—	SPONDS ADS	00653A107
APLD	APPLIED DIGITAL CORP	500,000	$5,035	0.1%	$7.38	0.0%	COM NEW	038169207
CORZW	CORE SCIENTIFIC INC NEW	336,378	$3,650	0.1%	$2.92	—	*W EXP 01/23/202	21874A114
SONO	SONOS INC	281,042	$3,038	0.1%	$16.85	-42.3%	COM	83570H108
NRG	NRG ENERGY INC	15,000	$2,409	0.0%	$130.97	0.0%	COM NEW	629377508
OMEX	ODYSSEY MARINE EXPL INC	1,430,769	$1,688	0.0%	$0.70	+30.8%	COM NEW	676118201
FSLR	FIRST SOLAR INC	10,000	$1,655	0.0%	$147.64	0.0%	COM	336433107
CIFR	CIPHER MINING INC	250,000	$1,195	0.0%	$3.23	0.0%	COM	17253J106
—	WOLFSPEED INC	2,412,111	$962	0.0%	$0.40	—	COM	977852102
CORZZ	CORE SCIENTIFIC INC NEW	24,107	$414	0.0%	$17.16	—	*W EXP 01/23/202	21874A130