Two Seas Capital LP Diversified Active

CIK: 0001823138 · Show all filings

Period: Q3 2025 (← Previous) (Next →)

Filing Date: Nov 14, 2025

Total Value ($000): $6,229,650 (100.0% shares, 0.0% debt)

Holdings (41)

SPY SPDR S&P 500 ETF TR 62.0%

Value ($000) $3,865,376 Shares 5,802,300 Est. Cost — Unrealized —

IWM ISHARES TR 5.6%

Value ($000) $350,842 Shares 1,450,000 Est. Cost — Unrealized —

CORZ CORE SCIENTIFIC INC NEW 4.4%

Value ($000) $275,630 Shares 15,363,978 Est. Cost $11.03 Unrealized +33.0%

— INDIVIOR PLC 4.1%

Value ($000) $253,255 Shares 10,504,152 Est. Cost $23.28 Unrealized —

ROIV ROIVANT SCIENCES LTD 2.9%

Value ($000) $177,841 Shares 11,754,164 Est. Cost $7.68 Unrealized +61.3%

CRWV COREWEAVE INC 2.6%

Value ($000) $161,483 Shares 1,180,000 Est. Cost $118.31 Unrealized 0.0%

TLN TALEN ENERGY CORP 1.8%

Value ($000) $113,529 Shares 266,888 Est. Cost $124.30 Unrealized +190.7%

CLMT CALUMET INC 1.7%

Value ($000) $104,984 Shares 5,752,538 Est. Cost $16.40 Unrealized +0.3%

— AVADEL PHARMACEUTICALS PLC 1.3%

Value ($000) $81,986 Shares 5,369,082 Est. Cost $11.18 Unrealized —

FSLR FIRST SOLAR INC 1.2%

Value ($000) $75,133 Shares 340,692 Est. Cost $190.64 Unrealized +0.7%

CORZ CORE SCIENTIFIC INC NEW 1.0%

Value ($000) $60,996 Shares 3,400,000 Est. Cost $11.03 Unrealized +33.0%

TDAY GANNETT CO INC 0.9%

Value ($000) $58,566 Shares 14,180,621 Est. Cost $3.73 Unrealized +7.7%

SHC SOTERA HEALTH CO 0.9%

Value ($000) $53,061 Shares 3,373,228 Est. Cost $13.83 Unrealized +1.5%

ABUS ARBUTUS BIOPHARMA CORP 0.8%

Value ($000) $49,900 Shares 10,991,261 Est. Cost $2.85 Unrealized +29.1%

FTAI FTAI AVIATION LTD 0.7%

Value ($000) $44,986 Shares 269,601 Est. Cost $124.02 Unrealized +14.3%

IMVT IMMUNOVANT INC 0.7%

Value ($000) $44,524 Shares 2,762,040 Est. Cost $23.42 Unrealized -30.9%

GLNG GOLAR LNG LTD 0.7%

Value ($000) $44,289 Shares 1,095,998 Est. Cost $38.90 Unrealized +5.2%

WULF TERAWULF INC 0.7%

Value ($000) $43,981 Shares 3,851,188 Est. Cost $5.19 Unrealized +47.2%

CRWV COREWEAVE INC 0.6%

Value ($000) $38,188 Shares 279,051 Est. Cost $118.31 Unrealized 0.0%

ROIV ROIVANT SCIENCES LTD 0.6%

Value ($000) $36,849 Shares 2,435,500 Est. Cost $7.68 Unrealized +61.3%

VST VISTRA CORP 0.5%

Value ($000) $33,306 Shares 170,000 Est. Cost $92.07 Unrealized +114.7%

PCG PG&E CORP 0.5%

Value ($000) $28,815 Shares 1,910,800 Est. Cost — Unrealized —

NBIS NEBIUS GROUP N.V. 0.4%

Value ($000) $26,325 Shares 234,482 Est. Cost $33.51 Unrealized +107.2%

SOC SABLE OFFSHORE CORP 0.4%

Value ($000) $26,190 Shares 1,500,000 Est. Cost $23.93 Unrealized +7.1%

ESPR ESPERION THERAPEUTICS INC NE 0.4%

Value ($000) $25,837 Shares 9,749,724 Est. Cost $1.51 Unrealized +27.8%

SATS ECHOSTAR CORP 0.4%

Value ($000) $22,333 Shares 292,470 Est. Cost $45.28 Unrealized 0.0%

BUR BURFORD CAP LTD 0.3%

Value ($000) $19,161 Shares 1,602,067 Est. Cost $13.03 Unrealized +2.6%

CLMT CALUMET INC 0.3%

Value ($000) $18,250 Shares 1,000,000 Est. Cost $16.40 Unrealized +0.3%

META META PLATFORMS INC 0.3%

Value ($000) $17,825 Shares 24,272 Est. Cost $664.64 Unrealized +11.8%

MSOS ADVISORSHARES TR 0.3%

Value ($000) $17,126 Shares 3,575,300 Est. Cost $4.79 Unrealized —

SOC SABLE OFFSHORE CORP 0.2%

Value ($000) $10,721 Shares 614,044 Est. Cost $23.93 Unrealized +7.1%

OMEX ODYSSEY MARINE EXPL INC 0.1%

Value ($000) $8,912 Shares 4,570,011 Est. Cost $1.32 Unrealized +21.6%

SONO SONOS INC 0.1%

Value ($000) $8,390 Shares 531,042 Est. Cost $14.96 Unrealized -14.2%

BTDR BITDEER TECHNOLOGIES GROUP 0.1%

Value ($000) $7,691 Shares 450,000 Est. Cost $14.04 Unrealized 0.0%

MSOS ADVISORSHARES TR 0.1%

Value ($000) $7,185 Shares 1,500,000 Est. Cost $4.79 Unrealized —

CIFR CIPHER MINING INC 0.1%

Value ($000) $5,817 Shares 462,000 Est. Cost $5.21 Unrealized +44.7%

CORZW CORE SCIENTIFIC INC NEW 0.1%

Value ($000) $3,367 Shares 289,539 Est. Cost $2.92 Unrealized —

LUCD LUCID DIAGNOSTICS INC 0.0%

Value ($000) $3,030 Shares 3,000,000 Est. Cost $1.09 Unrealized 0.0%

ANIP ANI PHARMACEUTICALS INC 0.0%

Value ($000) $2,356 Shares 25,721 Est. Cost $81.54 Unrealized 0.0%

GLXY GALAXY DIGITAL INC. 0.0%

Value ($000) $1,183 Shares 35,000 Est. Cost $26.97 Unrealized 0.0%

CORZZ CORE SCIENTIFIC INC NEW 0.0%

Value ($000) $432 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	5,802,300	$3,865,376	62.0%	—	—	Put	78462F103
IWM	ISHARES TR	1,450,000	$350,842	5.6%	—	—	Put	464287655
CORZ	CORE SCIENTIFIC INC NEW	15,363,978	$275,630	4.4%	$11.03	+33.0%	COM	21874A106
—	INDIVIOR PLC	10,504,152	$253,255	4.1%	$23.28	—	ORD	G4766E116
ROIV	ROIVANT SCIENCES LTD	11,754,164	$177,841	2.9%	$7.68	+61.3%	SHS	G76279101
CRWV	COREWEAVE INC	1,180,000	$161,483	2.6%	$118.31	0.0%	Call	21873S108
TLN	TALEN ENERGY CORP	266,888	$113,529	1.8%	$124.30	+190.7%	COM	87422Q109
CLMT	CALUMET INC	5,752,538	$104,984	1.7%	$16.40	+0.3%	COM	131428104
—	AVADEL PHARMACEUTICALS PLC	5,369,082	$81,986	1.3%	$11.18	—	COM SHS	G29687103
FSLR	FIRST SOLAR INC	340,692	$75,133	1.2%	$190.64	+0.7%	COM	336433107
CORZ	CORE SCIENTIFIC INC NEW	3,400,000	$60,996	1.0%	$11.03	+33.0%	Call	21874A106
TDAY	GANNETT CO INC	14,180,621	$58,566	0.9%	$3.73	+7.7%	COM	36472T109
SHC	SOTERA HEALTH CO	3,373,228	$53,061	0.9%	$13.83	+1.5%	COM	83601L102
ABUS	ARBUTUS BIOPHARMA CORP	10,991,261	$49,900	0.8%	$2.85	+29.1%	COM	03879J100
FTAI	FTAI AVIATION LTD	269,601	$44,986	0.7%	$124.02	+14.3%	SHS	G3730V105
IMVT	IMMUNOVANT INC	2,762,040	$44,524	0.7%	$23.42	-30.9%	COM	45258J102
GLNG	GOLAR LNG LTD	1,095,998	$44,289	0.7%	$38.90	+5.2%	SHS	G9456A100
WULF	TERAWULF INC	3,851,188	$43,981	0.7%	$5.19	+47.2%	COM	88080T104
CRWV	COREWEAVE INC	279,051	$38,188	0.6%	$118.31	0.0%	COM CL A	21873S108
ROIV	ROIVANT SCIENCES LTD	2,435,500	$36,849	0.6%	$7.68	+61.3%	Call	G76279101
VST	VISTRA CORP	170,000	$33,306	0.5%	$92.07	+114.7%	COM	92840M102
PCG	PG&E CORP	1,910,800	$28,815	0.5%	—	—	Call	69331C108
NBIS	NEBIUS GROUP N.V.	234,482	$26,325	0.4%	$33.51	+107.2%	SHS CLASS A	N97284108
SOC	SABLE OFFSHORE CORP	1,500,000	$26,190	0.4%	$23.93	+7.1%	Call	78574H104
ESPR	ESPERION THERAPEUTICS INC NE	9,749,724	$25,837	0.4%	$1.51	+27.8%	COM	29664W105
SATS	ECHOSTAR CORP	292,470	$22,333	0.4%	$45.28	0.0%	CL A	278768106
BUR	BURFORD CAP LTD	1,602,067	$19,161	0.3%	$13.03	+2.6%	ORD SHS	G17977110
CLMT	CALUMET INC	1,000,000	$18,250	0.3%	$16.40	+0.3%	Call	131428104
META	META PLATFORMS INC	24,272	$17,825	0.3%	$664.64	+11.8%	CL A	30303M102
MSOS	ADVISORSHARES TR	3,575,300	$17,126	0.3%	$4.79	—	Call	00768Y453
SOC	SABLE OFFSHORE CORP	614,044	$10,721	0.2%	$23.93	+7.1%	COM SHS	78574H104
OMEX	ODYSSEY MARINE EXPL INC	4,570,011	$8,912	0.1%	$1.32	+21.6%	COM NEW	676118201
SONO	SONOS INC	531,042	$8,390	0.1%	$14.96	-14.2%	COM	83570H108
BTDR	BITDEER TECHNOLOGIES GROUP	450,000	$7,691	0.1%	$14.04	0.0%	CL A ORD SHS	G11448100
MSOS	ADVISORSHARES TR	1,500,000	$7,185	0.1%	$4.79	—	PURE US CANNABIS	00768Y453
CIFR	CIPHER MINING INC	462,000	$5,817	0.1%	$5.21	+44.7%	COM	17253J106
CORZW	CORE SCIENTIFIC INC NEW	289,539	$3,367	0.1%	$2.92	—	*W EXP 01/23/202	21874A114
LUCD	LUCID DIAGNOSTICS INC	3,000,000	$3,030	0.0%	$1.09	0.0%	COM	54948X109
ANIP	ANI PHARMACEUTICALS INC	25,721	$2,356	0.0%	$81.54	0.0%	COM	00182C103
GLXY	GALAXY DIGITAL INC.	35,000	$1,183	0.0%	$26.97	0.0%	CL A	36317J209
CORZZ	CORE SCIENTIFIC INC NEW	24,107	$432	0.0%	$17.16	—	*W EXP 01/23/202	21874A130