Two Seas Capital
Two Seas Capital reported 34 stocks worth $2.5B in its 13F filing for Q3 2026, filed Oct 6, 2026. Its largest holdings are CLMT (11.0%), ROIV (10.7%) and NKTR (8.1%). Compared with Q2 2026, the fund opened new positions in SEI and APLD, added to NKTR, CORZ and TLN, trimmed CLMT, ROIV and GLNG and sold out of DAR, BTDR and CRWV.
Holdings
| # | Stock | Value | Weight | Shares | Change | Shares, 8 qtrs | Held |
|---|---|---|---|---|---|---|---|
| 1 |  CLMT Calumet Inc | $277M | 11.0% | 5.3M | −1.3M (−20%) | 8 of 8 | |
| 2 |  ROIV Roivant Sciences Ltd | $268M | 10.7% | 7.3M | −1.1M (−14%) | 8 of 8 | |
| 3 |  NKTR Nektar Therapeutics | $203M | 8.1% | 3.3M | +254K (+8%) | 4 of 8 | |
| 4 |  CORZ Core Scientific Inc New | $183M | 7.3% | 11.4M | +2.4M (+27%) | 8 of 8 | |
| 5 |  TLN Talen Energy Corp | $167M | 6.7% | 535K | +28K (+6%) | 8 of 8 | |
| 6 |  IMVT Immunovant Inc | $156M | 6.2% | 4.6M | +1.5M (+47%) | 8 of 8 | |
| 7 |  INDV Indivior PLC | $132M | 5.2% | 3.7M | +192K (+6%) | 3 of 8 | |
| 8 |  SHC Sotera Health Co | $113M | 4.5% | 6.1M | +275K (+5%) | 8 of 8 | |
| 9 |  SHAZ Sharonai Holdings Inc | $106M | 4.2% | 1.9M | +652K (+50%) | 3 of 8 | |
| 10 |  TDAY Gannett Co Inc | $91.2M | 3.6% | 14.5M | +434K (+3%) | 8 of 8 |
Positions at Sep 30, 2026, as reported. Change is against the fund's Q2 2026 filing; weight is the share of the fund's reported stocks.
Sold out
held in Q2 2026, gone in Q3 2026
Options
valued at the underlying shares| Stock | Type | Value | Shares | Change |
|---|---|---|---|---|
 QQQ Invesco Qqq TR | Put | $4B | 5.4M | +5,393,000 |
 SPY Spdr S&P 500 ETF TR | Put | $1.1B | 1.5M | −1,113,500 |
 IWM Ishares TR | Put | $689M | 2.5M | +2,477,700 |
ROIV Roivant Sciences Ltd | Call | $82.1M | 2.2M | +761,800 |
 WULF Terawulf Inc | Call | $78.1M | 5.3M | +3,575,000 |
🔒 Free account: see all 13.
Reported value
last 8 quartersThe value of the US stocks the fund reported, at quarter end prices. It moves with the market as well as with buying and selling.
Filings for Q3 2026
straight from the SEC| Filed | Form | Quarter | |
|---|---|---|---|
| Oct 6, 2026 | 13F-HR | Q3 2026 | SEC filing ↗ |
Other superinvestors
All hedge fund holdings →Two Seas Capital 13F FAQ
What does Two Seas Capital own?
Two Seas Capital reported 34 stocks worth $2.5B in its 13F filing for Q3 2026, filed Oct 6, 2026. Its largest holdings are CLMT (11.0%), ROIV (10.7%) and NKTR (8.1%). The table above lists every position in the filing (the top 10 without an account).
What did Two Seas Capital buy and sell in Q3 2026?
Compared with Q2 2026: 2 new positions, 18 added to, 7 trimmed and 5 sold out. New positions include SEI and APLD. It sold all of DAR, BTDR and CRWV.
When will Two Seas Capital file its next 13F?
Holdings as of Dec 31, 2026 are due by Feb 15, 2027. The filing appears on this page within minutes of reaching the SEC.
How much is Two Seas Capital's portfolio worth?
The Q3 2026 filing reports $2.5B in US stocks ($8.7B including options). That leaves out cash, bonds, short positions and most foreign holdings, so the fund's total assets are usually larger.
For informational and educational purposes only. Not investment advice, and not a recommendation to buy or sell any security. Holdings come from the fund's SEC Form 13F filings as reported and show positions at the end of the quarter, up to 45 days before the filing. The fund may have changed its positions since. A 13F leaves out short positions, cash, bonds and most foreign holdings. See all hedge fund holdings.