Two Seas Capital LP

Q1 2025 13F-HR Holdings

Location
Rye, NY
Holdings as of
3/31/2025
Date filed
5/15/2025
Form type
13F-HR
Num holdings
30
Total value ($000)
$3,174,040
Net value change ($000)
+2,016,709 (174.3%)
New positions
4
Sold out positions
7
Turnover %
14.6%
Sector allocation + QoQ delta (equities-only)
Prev filing: 2/18/2025 Next filing: 8/13/2025 SEC filing

Snapshot: Change Analysis

Compared to Q4 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)
GOLAR LNG LTD 19,601 NEW
FTAI 12,842 NEW
TDAY 7,404 292.6%
ABUS 4,453 15.6%
NBIS 3,167 NEW
ARDX 1,004 10.7%
WULF 585 NEW
Top Reduces (Value $000, Stocks/ETFs)
INDV -48,340 -31.2%
CORZ -29,684 -33.9%
VST -27,433 -52.5%
CEG -22,027 -100.0%
TLN -20,232 -17.7%
ROIV -18,010 -15.0%
META -10,841 -100.0%
BTDR -9,384 -100.0%
IMVT -9,368 -25.0%
HUT -8,238 -84.3%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 2,530,712 (79.7% 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