Two Seas Capital LP Q4 2025 Filing

Filed February 11, 2026

Portfolio Value

$4.9T

Holdings

32

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (32 positions)

#StockSharesValue% PortfolioType
1
SPYSPDR S&P 500 ETF TR
3,707,000$2.5T52.08%Put
2
CORZCORE SCIENTIFIC INC NEW
25,728,821$374.6B7.72%Put
3
ROIVROIVANT SCIENCES LTD
12,227,391$265.3B5.47%Call
4
IWMISHARES TR
1,050,000$258.5B5.33%Put
5
INDIVIOR PLC
5,109,198$183.3B3.78%
6
CLMTCALUMET INC
8,098,229$160.9B3.32%Call
7
TLNTALEN ENERGY CORP
391,974$146.9B3.03%
8
HUTHUT 8 CORP
2,244,000$103.1B2.12%Call
9
SHCSOTERA HEALTH CO
4,412,106$77.8B1.60%
10
TDAYUSA TODAY CO INC
14,552,621$74.9B1.54%
11
FSLRFIRST SOLAR INC
284,259$74.3B1.53%
12
IMVTIMMUNOVANT INC
2,866,962$72.9B1.50%
13
I9DNARBUTUS BIOPHARMA CORP
12,589,158$60.6B1.25%
14
IBITISHARES BITCOIN TRUST ETF
1,218,000$60.5B1.25%Put
15
WULFTERAWULF INC
4,502,794$51.7B1.07%
16
ESPRESPERION THERAPEUTICS INC NE
11,902,521$44.0B0.91%
17
SATSECHOSTAR CORP
402,135$43.7B0.90%
18
GLNGGOLAR LNG LTD
1,170,998$43.6B0.90%
19
VSTVISTRA CORP
249,707$40.3B0.83%
20
FTAIFTAI AVIATION LTD
186,209$36.7B0.76%
21
MSOSADVISORSHARES TR
6,827,709$32.2B0.66%Call
22
NKTRNEKTAR THERAPEUTICS
745,185$31.5B0.65%
23
NBISNEBIUS GROUP N.V.
344,482$28.8B0.59%
24
SOCSABLE OFFSHORE CORP
1,733,239$15.6B0.32%
25
OMEXODYSSEY MARINE EXPL INC
5,185,029$10.2B0.21%
26
METAMETA PLATFORMS INC
14,272$9.4B0.19%
27
CRWVCOREWEAVE INC
110,000$7.9B0.16%
28
SONOSONOS INC
322,462$5.7B0.12%
29
CIFRCIPHER MINING INC
305,756$4.5B0.09%
30
LUCDLUCID DIAGNOSTICS INC
3,000,000$3.3B0.07%
31
CORZWCORE SCIENTIFIC INC NEW
289,539$2.4B0.05%
32
CORZZCORE SCIENTIFIC INC NEW
24,107$350.0M0.01%