Two Seas Capital LP

Q4 2024 13F-HR/A Holdings

Location
Rye, NY
Holdings as of
12/31/2024
Date filed
2/18/2025
Form type
13F-HR/A - RESTATEMENT
Num holdings
32
Total value ($000)
$1,157,331
Net value change ($000)
+540,042 (87.5%)
New positions
6
Sold out positions
3
Turnover %
6.5%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/14/2024 Next filing: 5/15/2025 SEC filing

Snapshot: Change Analysis

Compared to Q3 2024
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
TLN 34,481 43.1%
CLMT 33,745 610.9%
SHC 32,939 493.1%
INDV 27,804 21.9%
VST 22,313 74.5%
CORZ 19,901 29.4%
IMVT 18,153 94.1%
AVDL 15,598 52.8%
CEG 15,526 238.8%
ARDX 9,407 NEW
Top Reduces (Value $000, Stocks/ETFs)
EXEL -11,758 -100.0%
META -9,743 -47.3%
ABUS -3,708 -11.5%
ARQT -2,903 -100.0%
WULF -2,025 -100.0%
GOOGL -1,901 -28.7%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 311,029 (26.9% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type