# Two Seas Capital LP: Form 13F holdings

An institutional investment manager in RYE, NY. SEC CIK 1823138.

- Quarter ended: 2026-06-30
- Filed: 2026-08-12
- Reported value: $5.05bn
- Positions: 47 (52 lines in the filing's table; lines for the same security and option type are added together here)
- Compared with: the 13F for the quarter ended 2026-03-31
- Filing: https://www.sec.gov/Archives/edgar/data/1823138/000131586326000584/

## Holdings

As filed, largest first. Reported value is what the manager stated at the quarter end (Jun 30, 2026), in US dollars; it is filing data, not a price. Weight is the share of the total reported value.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [STATE STR SPDR S&P 500 ETF T (SPY)](/companies/spy.md) | TR UNIT | $1.94bn | 38.5% | 2,603,500 | Put | Reduced −3,865,100 |
| ROIVANT SCIENCES LTD | SHS | $299.9m | 5.9% | 8,475,356 |  | Reduced −852,935 |
| [CALUMET INC (CLMT)](/companies/clmt.md) | COM | $238.4m | 4.7% | 6,619,708 |  | Added +659,416 |
| [CORE SCIENTIFIC INC NEW (CORZ)](/companies/corz.md) | COM | $231.0m | 4.6% | 9,028,509 |  | Reduced −7,123,324 |
| [NEKTAR THERAPEUTICS (NKTR)](/companies/nktr.md) | COM NEW | $215.9m | 4.3% | 3,092,234 |  | Added +1,133,056 |
| [TALEN ENERGY CORP (TLN)](/companies/tln.md) | COM | $194.9m | 3.9% | 507,208 |  | Reduced −71,921 |
| [CORE SCIENTIFIC INC NEW (CORZ)](/companies/corz.md) | COM | $153.5m | 3.0% | 6,000,000 | Call | Added +3,466,000 |
| [INDIVIOR PHARMACEUTICALS INC (INDV)](/companies/indv.md) | COM | $142.8m | 2.8% | 3,479,493 |  | Reduced −1,267,017 |
| [IMMUNOVANT INC (IMVT)](/companies/imvt.md) | COM | $121.3m | 2.4% | 3,148,505 |  | Reduced −53,457 |
| [USA TODAY CO INC (TDAY)](/companies/tday.md) | COM | $120.3m | 2.4% | 14,070,311 |  | Added +24,868 |
| [FIRST SOLAR INC (FSLR)](/companies/fslr.md) | COM | $111.3m | 2.2% | 471,500 | Call | Added +12,800 |
| [SHARONAI HOLDINGS INC (SHAZ)](/companies/shaz.md) | COM CL A | $109.5m | 2.2% | 1,293,753 |  | Added +877,087 |
| [SOTERA HEALTH CO (SHC)](/companies/shc.md) | COM | $103.6m | 2.1% | 5,836,053 |  | Reduced −187,318 |
| [ARBUTUS BIOPHARMA CORP (ABUS)](/companies/abus.md) | COM | $91.7m | 1.8% | 19,095,583 |  | Added +538,040 |
| [VISTRA CORP (VST)](/companies/vst.md) | COM | $68.3m | 1.4% | 430,621 |  | Added +245,024 |
| FTAI AVIATION LTD | SHS | $67.4m | 1.3% | 248,962 |  | Reduced −6,545 |
| UNIQURE NV | SHS | $66.4m | 1.3% | 1,441,410 |  | Added +141,410 |
| [TERAWULF INC (WULF)](/companies/wulf.md) | COM | $61.6m | 1.2% | 2,493,139 |  | Reduced −1,530,866 |
| GOLAR LNG LTD | SHS | $60.9m | 1.2% | 1,221,779 |  | Reduced −52,931 |
| ROIVANT SCIENCES LTD | SHS | $52.5m | 1.0% | 1,482,600 | Call | Added +750,300 |
| [ECHOSTAR CORP (ECHO)](/companies/echo.md) | CL A | $51.1m | 1.0% | 502,975 |  | Added +120,840 |
| [CIPHER DIGITAL INC (CIFR)](/companies/cifr.md) | COM | $50.0m | 1.0% | 2,040,000 |  | Reduced −10,000 |
| [TERAWULF INC (WULF)](/companies/wulf.md) | COM | $42.0m | 0.8% | 1,700,000 | Call | New +1,700,000 |
| [SPACE EXPLORATION TECHN CORP (SPCX)](/companies/spcx.md) | CLASS A COM STK | $35.7m | 0.7% | 208,890 |  | New +208,890 |
| [ABIVAX SA (ABVX)](/companies/abvx.md) | SPONSORED ADS | $35.5m | 0.7% | 266,400 | Call | New +266,400 |
| [CIPHER DIGITAL INC (CIFR)](/companies/cifr.md) | COM | $35.4m | 0.7% | 1,446,600 | Call | New +1,446,600 |
| [ABIVAX SA (ABVX)](/companies/abvx.md) | SPONSORED ADS | $32.6m | 0.6% | 244,590 |  | New +244,590 |
| [STAAR SURGICAL CO (STAA)](/companies/staa.md) | COM PAR $0.01 | $30.5m | 0.6% | 1,064,389 |  | Added +27,416 |
| BITDEER TECHNOLOGIES GROUP | CL A ORD SHS | $30.4m | 0.6% | 1,917,500 | Call | New +1,917,500 |
| [FIRST SOLAR INC (FSLR)](/companies/fslr.md) | COM | $30.2m | 0.6% | 127,984 |  | Reduced −175,000 |
| [DARLING INGREDIENTS INC (DAR)](/companies/dar.md) | COM | $28.2m | 0.6% | 516,527 |  | Added +500,000 |
| [QUANTUM CORP (QMCO)](/companies/qmco.md) | COM | $27.4m | 0.5% | 2,488,535 |  | New +2,488,535 |
| [SABLE OFFSHORE CORP (SOC)](/companies/soc.md) | COM SHS | $25.8m | 0.5% | 8,377,636 |  | Added +2,880,925 |
| BITDEER TECHNOLOGIES GROUP | CL A ORD SHS | $23.8m | 0.5% | 1,500,000 |  | Reduced −723,999 |
| [X-ENERGY INC (XE)](/companies/xe.md) | COM CL A | $18.4m | 0.4% | 1,000,000 |  | New +1,000,000 |
| [HUT 8 CORP (HUT)](/companies/hut.md) | COM | $18.2m | 0.4% | 158,082 |  | Reduced −91,918 |
| [COREWEAVE INC (CRWV)](/companies/crwv.md) | COM CL A | $15.2m | 0.3% | 153,139 |  | New +153,139 |
| GOLAR LNG LTD | SHS | $12.5m | 0.2% | 250,000 | Call | Unchanged |
| ADVISORSHARES TR | PURE US CANN ETF | $11.3m | 0.2% | 2,225,300 | Call | Unchanged |
| [SONOS INC (SONO)](/companies/sono.md) | COM | $9.6m | 0.2% | 710,612 |  | Reduced −208,715 |
| [LUCID DIAGNOSTICS INC (LUCD)](/companies/lucd.md) | COM | $6.4m | 0.1% | 6,000,000 |  | Added +3,000,000 |
| IREN LIMITED | ORDINARY SHARES | $6.4m | 0.1% | 140,000 |  | New +140,000 |
| [CORE SCIENTIFIC INC NEW (CORZ)](/companies/corz.md) | \*W EXP 01/23/202 | $5.4m | 0.1% | 289,539 |  | Unchanged |
| [ODYSSEY MARINE EXPL INC (OMEX)](/companies/omex.md) | COM NEW | $4.8m | <0.1% | 5,592,985 |  | Unchanged |
| [FERMI INC (FRMI)](/companies/frmi.md) | COM | $3.2m | <0.1% | 352,671 |  | Added +327,460 |
| [PAVMED INC (PAVM)](/companies/pavm.md) | COM | $2.7m | <0.1% | 461,539 |  | Unchanged |
| [CORE SCIENTIFIC INC NEW (CORZ)](/companies/corz.md) | \*W EXP 01/23/202 | $600.5k | <0.1% | 24,107 |  | Unchanged |

## Sold out

Held at the end of the quarter before and not reported this quarter.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| ADVISORSHARES TR | PURE US CANNABIS | $0 | 0.0% | 0 |  | Sold out −3,302,409 |
| [APPLE INC (AAPL)](/companies/aapl.md) | COM | $0 | 0.0% | 0 | Put | Sold out −850,000 |
| [CORE SCIENTIFIC INC NEW (CORZ)](/companies/corz.md) | COM | $0 | 0.0% | 0 | Put | Sold out −2,000,000 |
| [ECHOSTAR CORP (ECHO)](/companies/echo.md) | CL A | $0 | 0.0% | 0 | Call | Sold out −375,000 |
| ESPERION THERAPEUTICS INC NE | COM | $0 | 0.0% | 0 |  | Sold out −11,394,833 |
| [ISHARES BITCOIN TRUST ETF (IBIT)](/companies/ibit.md) | SHS BEN INT | $0 | 0.0% | 0 | Put | Sold out −500,000 |
| [MODERNA INC (MRNA)](/companies/mrna.md) | COM | $0 | 0.0% | 0 | Put | Sold out −1,100,000 |
| NEBIUS GROUP N.V. | SHS CLASS A | $0 | 0.0% | 0 |  | Sold out −196,475 |
| SPDR SERIES TRUST | STATE STREET SPD | $0 | 0.0% | 0 | Put | Sold out −1,928,000 |
| [TRANSALTA CORP (TAC)](/companies/tac.md) | COM | $0 | 0.0% | 0 |  | Sold out −1,597,900 |

Source: SEC EDGAR, Form 13F-HR, accession 0001315863-26-000584. Last ingested by Listed: Oct 22, 2026, 05:26 ET. No prices; not investment advice.