Two Seas Capital LP

$7.2B reported 13(f) long value · latest quarter 2026-03-31 · CIK 1823138 · EDGAR ↗

sum of disclosed values for 2026-03-31; 0 positions carry a NULL value and are excluded from the sum, surfaced here rather than folded away: $7.2B
ALL retained default holdings for this (filer, period), including NULL-value ones: 50
positions with no comparable holding in the prior quarter (kind new), 2026-03-31: 15
positions absent from this quarter's filing after being held last quarter (kind exit), 2026-03-31 — inferred from absence, not a sale record: 6

A quarter-end snapshot. Filed up to 45 days later, so this page is not current holdings and never a complete portfolio. what a 13F is — and is not ↓ methodology §13F ↗

Position changes — into 2026-03-31

by shares · Δ value · filing link · how changes are classified §

Position changes into quarter 2026-03-31
position matched across quarters by exact reported CUSIP over a registry gap — producer-reconciled identity, never a name match `identity_reconciled_by_cusip`	the reported share count is unchanged across the pair; this build's data classified the change from its reported value; builds from 2026-09-10 on read it as NO CHANGE `classified_by_value` · EXIT = absent this quarter: disposed, delisted, under confidential treatment, or reported instead by an affiliated manager — the filing does not say which · change not classifiable: value undisclosed on one side of the quarter pair, or neither shares nor value can classify it · NO CHANGE = the share count is identical in both quarters; the value moved only with price, so the row is mark-to-market and never an ADD or a TRIM (NEW / ADD / TRIM / EXIT / NO CHANGE) · NO PRIOR = this filer has no comparable holdings list for the previous quarter on record — a first filing under this registration, or a quarter reported inside an affiliated manager's filing — so the position is not called a new stake	derived by Public Filings from the published aggregate; NULL means the source did not disclose a usable value — never zero	reported unit changed across the pair (SH↔PRN); the share delta is withheld rather than fabricated `shares_unit_mismatch`	Prev value	Curr value	Prev shares	Curr shares
position key `pos:11570` · issuer key `iss:1599` TR UNIT PUT	ADD	+$1.7B	+2,761,600	$2.5B	$4.2B	3,707,000	6,468,600
position key `pos:17657` · issuer key `iss:2200` SHS	TRIM	+$45.9M	−463,600	$212M	$258M	9,791,891	9,328,291
position key `pos:10141` · issuer key `iss:1602` STATE STREET SPD PUT	NEW	+$246M	+1,928,000	$0	$246M	—	1,928,000
position key `pos:11505` · issuer key `iss:516` COM	TRIM	−$6.1M	−859,388	$248M	$242M	17,011,221	16,151,833
position key `pos:13215` · issuer key `iss:144` COM PUT	NEW	+$216M	+850,000	$0	$216M	—	850,000
position key `sid:sec:prov:1a1c14ff9bceb2615f369c3a0c109803` · issuer key `cusip6:131428` COM	TRIM	+$75.4M	−1,015,937	$139M	$214M	6,976,229	5,960,292
position key `pos:15958` · issuer key `iss:1753` COM	ADD	+$37.9M	+187,155	$147M	$185M	391,974	579,129
position key `pos:17511` · issuer key `iss:963` COM	NEW	+$145M	+4,746,510	$0	$145M	—	4,746,510
position key `sid:sec:prov:8689270ade82a464b05b5b23e79f9006` · issuer key `cusip6:640268` COM NEW	ADD	+$109M	+1,213,993	$31.5M	$141M	745,185	1,959,178
position key `pos:11702` · issuer key `iss:802` COM	TRIM	+$24.1M	−507,178	$74.9M	$99.0M	14,552,621	14,045,443
position key `pos:15447` · issuer key `cusip6:78574H` COM SHS	ADD	+$75.2M	+3,763,472	$15.6M	$90.8M	1,733,239	5,496,711
position key `pos:13214` · issuer key `iss:745` COM CALL	NEW	+$90.5M	+458,700	$0	$90.5M	—	458,700
position key `pos:16300` · issuer key `iss:1695` COM	ADD	+$8.5M	+1,611,265	$77.8M	$86.4M	4,412,106	6,023,371
position key `pos:12100` · issuer key `iss:154` COM	ADD	+$23.0M	+5,968,385	$60.6M	$83.5M	12,589,158	18,557,543
position key `sid:sec:prov:c0680e314bfe2d1131f5c3d642c67920` · issuer key `cusip6:45258J` COM	ADD	+$6.7M	+335,000	$72.9M	$79.5M	2,866,962	3,201,962
position key `pos:13415` · issuer key `iss:2242` SHS	ADD	+$25.4M	+103,712	$43.6M	$69.0M	1,170,998	1,274,710
position key `pos:15350` · issuer key `iss:2111` SHS	ADD	+$25.9M	+69,298	$36.7M	$62.6M	186,209	255,507
position key `pos:13214` · issuer key `iss:745` COM	ADD	−$14.5M	+18,725	$74.3M	$59.8M	284,259	302,984
position key `pos:10523` · issuer key `iss:1782` COM	TRIM	+$6.3M	−478,789	$51.7M	$58.1M	4,502,794	4,024,005
position key `pos:12487` · issuer key `iss:1240` COM PUT	NEW	+$55.9M	+1,100,000	$0	$55.9M	—	1,100,000
position key `pos:13249` · issuer key `iss:632` CL A	TRIM	+$1.0M	−20,000	$43.7M	$44.7M	402,135	382,135
position key `pos:13249` · issuer key `iss:632` CL A CALL	NEW	+$43.9M	+375,000	$0	$43.9M	—	375,000
position key `pos:11505` · issuer key `iss:516` COM CALL	TRIM	−$85.5M	−5,943,600	$123M	$37.9M	8,477,600	2,534,000
position key `pos:16039` · issuer key `iss:686` COM	TRIM	−$12.8M	−507,688	$44.0M	$31.2M	11,902,521	11,394,833
position key `pos:11505` · issuer key `iss:516` COM PUT	ADD	+$26.4M	+1,760,000	$3.5M	$29.9M	240,000	2,000,000
position key `pos:11219` · issuer key `iss:1925` COM	TRIM	−$12.4M	−64,110	$40.3M	$27.9M	249,707	185,597
position key `pos:17333` · issuer key `iss:451` COM	ADD	+$21.9M	+1,744,244	$4.5M	$26.4M	305,756	2,050,000
position key `pos:11075` · issuer key `iss:2299` SHS	NEW	+$21.3M	+1,300,000	$0	$21.3M	—	1,300,000
position key `pos:15434` · issuer key `iss:1812` COM	NEW	+$20.9M	+1,597,900	$0	$20.9M	—	1,597,900
position key `pos:11841` · issuer key `iss:2300` SHS CLASS A	TRIM	−$8.4M	−148,007	$28.8M	$20.4M	344,482	196,475
position key `pos:17657` · issuer key `iss:2200` SHS CALL	TRIM	−$32.6M	−1,703,200	$52.9M	$20.3M	2,435,500	732,300
position key `sid:sec:prov:ca11044044ffdef73864119b9879be03` · issuer key `cusip6:852312` COM PAR $0.01	NEW	+$19.4M	+1,036,973	$0	$19.4M	—	1,036,973
position key `pos:11292` · issuer key `iss:2051` CL A ORD SHS	NEW	+$19.2M	+2,223,999	$0	$19.2M	—	2,223,999
position key `pos:15567` · issuer key `iss:1018` SHS BEN INT PUT	TRIM	−$41.3M	−718,000	$60.5M	$19.2M	1,218,000	500,000
position key `pos:13415` · issuer key `iss:2242` SHS CALL	NEW	+$13.5M	+250,000	$0	$13.5M	—	250,000
position key `pos:14965` · issuer key `iss:1694` COM	ADD	+$6.7M	+596,865	$5.7M	$12.3M	322,462	919,327
position key `pos:15548` · issuer key `iss:935` COM	TRIM	−$10.9M	−241,500	$22.6M	$11.7M	491,500	250,000
position key `sid:sec:prov:0d003418ee60e3375a0b60ea1abf459c` · issuer key `cusip6:00768Y` PURE US CANNABIS	ADD	−$3.6M	+50,000	$15.4M	$11.7M	3,252,409	3,302,409
position key `pos:11114` · issuer key `iss:1576` COM CL A	NEW	+$9.5M	+416,666	$0	$9.5M	—	416,666
position key `sid:sec:prov:0d003418ee60e3375a0b60ea1abf459c` · issuer key `cusip6:00768Y` PURE US CANNABIS CALL	TRIM	−$9.0M	−1,350,000	$16.9M	$7.9M	3,575,300	2,225,300
position key `sid:sec:prov:6a1290f90ab17dee211400253696356b` · issuer key `cusip6:70387R` COM	NEW	+$4.7M	+461,539	$0	$4.7M	—	461,539
position key `sid:sec:prov:fe0d0c5e2f0cbb12590e7af181f90977` · issuer key `cusip6:676118` COM NEW	ADD	−$5.5M	+407,956	$10.2M	$4.7M	5,185,029	5,592,985
position key `pos:11686` · issuer key `iss:558` COM	NEW	+$1.0M	+16,527	$0	$1.0M	—	16,527
position key `pos:16421` · issuer key `iss:730` COM	NEW	+$147K	+25,211	$0	$147K	—	25,211
pos:10608	EXIT‡e	−$183M	−5,109,198	$183M	$0	5,109,198	—
pos:11390	EXIT‡e	−$9.4M	−14,272	$9.4M	$0	14,272	—
pos:13865	EXIT‡e	−$7.9M	−110,000	$7.9M	$0	110,000	—
position key `pos:15548` · issuer key `iss:935` COM CALL	EXIT‡e	−$80.5M	−1,752,500	$80.5M	$0	1,752,500	—
pos:15702 PUT	EXIT‡e	−$258M	−1,050,000	$258M	$0	1,050,000	—
position key `sid:sec:prov:1a1c14ff9bceb2615f369c3a0c109803` · issuer key `cusip6:131428` COM CALL	EXIT‡e	−$22.3M	−1,122,000	$22.3M	$0	1,122,000	—

Flags: no row carries a flag.

1–20 of the 50 changes on this page

Mark-to-market only (no share change) · 3

Positions whose share count is identical in both quarters; the value changed with price, not with a decision.

Positions held with no share change into quarter 2026-03-31
position matched across quarters by exact reported CUSIP over a registry gap — producer-reconciled identity, never a name match `identity_reconciled_by_cusip`	the reported share count is unchanged across the pair; this build's data classified the change from its reported value; builds from 2026-09-10 on read it as NO CHANGE `classified_by_value` · EXIT = absent this quarter: disposed, delisted, under confidential treatment, or reported instead by an affiliated manager — the filing does not say which · change not classifiable: value undisclosed on one side of the quarter pair, or neither shares nor value can classify it · NO CHANGE = the share count is identical in both quarters; the value moved only with price, so the row is mark-to-market and never an ADD or a TRIM (NEW / ADD / TRIM / EXIT / NO CHANGE) · NO PRIOR = this filer has no comparable holdings list for the previous quarter on record — a first filing under this registration, or a quarter reported inside an affiliated manager's filing — so the position is not called a new stake	derived by Public Filings from the published aggregate; NULL means the source did not disclose a usable value — never zero	Prev value	Curr value	Prev shares	Curr shares
position key `sid:sec:prov:1eabbea4ad52d87442fc2c9de16a9e96` · issuer key `cusip6:54948X` COM	NO CHANGE	+$180K	$3.3M	$3.5M	3,000,000	3,000,000
position key `pos:16751` · issuer key `iss:516` *W EXP 01/23/202	NO CHANGE	+$81.1K	$2.4M	$2.5M	289,539	289,539
position key `pos:14772` · issuer key `iss:516` *W EXP 01/23/202	NO CHANGE	+$11.1K	$351K	$362K	24,107	24,107

Flags: no row carries a flag.

Newest filing in this build: 2026-07-31. Per-row filing dates are on each receipt.

Truncated by Public Filings. Changes compare every position with a security identifier, new and exited included; holdings without one are counted, not compared. methodology §13F ↗

Reported positions — 2026-03-31

1–38 of 38 issuers · $7.2B disclosed value over 50 rows · 0 undisclosed-value rows

View

This build carries one quarter for this manager: 2026-03-31. Notable managers carry four published quarters, others two.

This list carries reported issuer names and security identities, without a dated ticker mapping. Symbols are not inferred from names.

a position composed from a base filing plus NEW-HOLDINGS amendments keeps every source row here; the composition's latest filed date is the one shown served from this build's published holdings (derived from the filer's own reported rows); every row resolves to its filing

Share of total reported value, calculated only when the full position list has disclosed values. This is 13F long value, not total assets.

value undisclosed on the filing: retained and counted, excluded from sums, never shown as $0

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

STATE STR SPDR S&P 500 ETF T

1 position · 3 reported rows

Rows Two Seas Capital LP reported for STATE STR SPDR S&P 500 ETF T, as it reported them
STATE STR SPDR S&P 500 ETF T · TR UNIT · PUT CUSIP — src ↗	$2.1B	3,219,500
STATE STR SPDR S&P 500 ETF T · TR UNIT · PUT CUSIP — src ↗	$1.4B	2,183,600
STATE STR SPDR S&P 500 ETF T · TR UNIT · PUT CUSIP — src ↗	$693M	1,065,500

$4.2B

6,468,600

58.8%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

CORE SCIENTIFIC INC NEW

5 positions · 6 reported rows

Rows Two Seas Capital LP reported for CORE SCIENTIFIC INC NEW, as it reported them
CORE SCIENTIFIC INC NEW · COM CUSIP — src ↗	$242M	16,151,833
CORE SCIENTIFIC INC NEW · COM · CALL CUSIP — src ↗	$29.9M	2,000,000
CORE SCIENTIFIC INC NEW · COM · PUT CUSIP — src ↗	$29.9M	2,000,000
CORE SCIENTIFIC INC NEW · COM · CALL CUSIP — src ↗	$8.0M	534,000
CORE SCIENTIFIC INC NEW · *W EXP 01/23/202 CUSIP — src ↗	$2.5M	289,539
CORE SCIENTIFIC INC NEW · *W EXP 01/23/202 CUSIP — src ↗	$362K	24,107

$312M

20,999,479

4.4%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

ROIVANT SCIENCES LTD

2 positions · 2 reported rows

Rows Two Seas Capital LP reported for ROIVANT SCIENCES LTD, as it reported them
ROIVANT SCIENCES LTD · SHS CUSIP — src ↗	$258M	9,328,291
ROIVANT SCIENCES LTD · SHS · CALL CUSIP — src ↗	$20.3M	732,300

$279M

10,060,591

3.9%

—

SPDR SERIES TRUST · STATE STREET SPD · PUT CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$246M

1,928,000

3.4%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

APPLE INC · COM · PUT CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$216M

850,000

3.0%

—

CALUMET INC · COM CUSIP 131428104
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$214M

5,960,292

3.0%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

TALEN ENERGY CORP · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$185M

579,129

2.6%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

FIRST SOLAR INC

2 positions · 2 reported rows

Rows Two Seas Capital LP reported for FIRST SOLAR INC, as it reported them
FIRST SOLAR INC · COM · CALL CUSIP — src ↗	$90.5M	458,700
FIRST SOLAR INC · COM CUSIP — src ↗	$59.8M	302,984

$150M

761,684

2.1%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

INDIVIOR PHARMACEUTICALS INC · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$145M

4,746,510

2.0%

—

NEKTAR THERAPEUTICS · COM NEW CUSIP 640268306
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$141M

1,959,178

2.0%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

USA TODAY CO INC · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$99.0M

14,045,443

1.4%

—

SABLE OFFSHORE CORP · COM SHS CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$90.8M

5,496,711

1.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

ECHOSTAR CORP

2 positions · 2 reported rows

Rows Two Seas Capital LP reported for ECHOSTAR CORP, as it reported them
ECHOSTAR CORP · CL A CUSIP — src ↗	$44.7M	382,135
ECHOSTAR CORP · CL A · CALL CUSIP — src ↗	$43.9M	375,000

$88.6M

757,135

1.2%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

SOTERA HEALTH CO · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$86.4M

6,023,371

1.2%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

ARBUTUS BIOPHARMA CORP · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$83.5M

18,557,543

1.2%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

GOLAR LNG LTD

2 positions · 2 reported rows

Rows Two Seas Capital LP reported for GOLAR LNG LTD, as it reported them
GOLAR LNG LTD · SHS CUSIP — src ↗	$69.0M	1,274,710
GOLAR LNG LTD · SHS · CALL CUSIP — src ↗	$13.5M	250,000

$82.5M

1,524,710

1.2%

—

IMMUNOVANT INC · COM CUSIP 45258J102
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$79.5M

3,201,962

1.1%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

FTAI AVIATION LTD · SHS CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$62.6M

255,507

0.9%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

TERAWULF INC · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$58.1M

4,024,005

0.8%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

MODERNA INC · COM · PUT CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$55.9M

1,100,000

0.8%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

ESPERION THERAPEUTICS INC NE · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$31.2M

11,394,833

0.4%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

VISTRA CORP · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$27.9M

185,597

0.4%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

CIPHER DIGITAL INC · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$26.4M

2,050,000

0.4%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

UNIQURE NV · SHS CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$21.3M

1,300,000

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

TRANSALTA CORP · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$20.9M

1,597,900

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

NEBIUS GROUP N.V. · SHS CLASS A CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$20.4M

196,475

0.3%

—

ADVISORSHARES TR

2 positions · 2 reported rows

Rows Two Seas Capital LP reported for ADVISORSHARES TR, as it reported them
ADVISORSHARES TR · PURE US CANNABIS CUSIP 00768Y453 src ↗	$11.7M	3,302,409
ADVISORSHARES TR · PURE US CANNABIS · CALL CUSIP 00768Y453 src ↗	$7.9M	2,225,300

ticker not yet mapped

$19.6M

5,527,709

0.3%

—

STAAR SURGICAL CO · COM PAR $0.01 CUSIP 852312305
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$19.4M

1,036,973

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

BITDEER TECHNOLOGIES GROUP · CL A ORD SHS CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$19.2M

2,223,999

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

ISHARES BITCOIN TRUST ETF · SHS BEN INT · PUT CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$19.2M

500,000

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

SONOS INC · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$12.3M

919,327

0.2%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

HUT 8 CORP · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$11.7M

250,000

0.2%

—

SHARONAI HOLDINGS INC · COM CL A CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$9.5M

416,666

0.1%

—

PAVMED INC · COM CUSIP 70387R502
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$4.7M

461,539

0.1%

—

ODYSSEY MARINE EXPL INC · COM NEW CUSIP 676118201
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$4.7M

5,592,985

0.1%

—

LUCID DIAGNOSTICS INC · COM CUSIP 54948X109
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$3.5M

3,000,000

0.0%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

DARLING INGREDIENTS INC · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$1.0M

16,527

0.0%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

FERMI INC · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$147K

25,211

0.0%

1–20 of 38 issuers

Change kind and share change are in Position changes above; Congress overlap is planned.

One line per issuer, largest first; a row with no issuer key stands on its own line. Open a line for its rows as this filer reported them. The list holds every row this filer reported for the quarter. Issuer totals on the holders pages count each manager's own report once; that never removes a row here. how positions are grouped ↗

Book shape

2026-03-31 · concentration · vs tracked median · tick = median

Top-25 concentration: 96.1%above median 80.0%
Concentration index: 3,541 bpsabove median 446 bps
Positions with value: 50 / 50median book 97.5 positions

Concentration uses reported 13F long value, not total assets. The index is withheld when any position lacks a value. Medians are over the 8,748 tracked filers with a 2026-03-31 book; the index median over the 8,662 with a complete book.

holdings whose <value> did not parse — retained and counted, never zero-filled: 0 · share of the period's disclosed value held in the top-N positions; denominator is reported 13F value, not total assets: 96.1% · integer Herfindahl–Hirschman index in basis points over disclosed position values: 3,541 · QoQ moves: 53

Filing history

AVAILABLE QUARTERS

Available filing periods
Period	Source
2026-03-31	EDGAR ↗

PLANNED sector rotation · Congress overlap · signals for this filer

Complete source filings on SEC EDGAR

The complete filing on EDGAR.

The position list above is served from the published Public Filings build, each position as this filer reported it; where the page cannot embed every reported row, the list says how many it leaves out. This block is provenance, not a substitute: the filing itself is the record, and it is one click away. Public Filings decided on 2026-08-01 to serve this list from its published build; filings newer than this build are on EDGAR.

Open Two Seas Capital LP's 13F filings on SEC EDGAR ↗

Notes on this data

Reported positions

Quarter-end holdings as filed

Explore the full published position list and its source filing. This record excludes the manager’s cash, shorts and non-13(f) assets.

Share changes

Compare consecutive quarters

Position changes retain the producer’s classification and comparability flags. Share counts and reported values describe different changes.

Coverage

A snapshot, not current holdings

Use the quarter selector to inspect available periods. Unknown values stay unknown and each table states its coverage.

A 13F is a quarterly, long-only snapshot filed up to 45 days late — not current holdings. what a 13F covers ↗

13F reports cover LONG positions in Section 13(f) securities (US exchange-traded equities plus reportable options, warrants, certain convertibles) held by managers with at least $100M in such securities — so managers below that threshold are absent entirely. No short positions, no cash, no non-13(f) assets — not a full portfolio, and not a census of institutional ownership.

Positions are quarter-end snapshots filed up to 45 days late — not current holdings. A position may have been changed or closed before you ever see it, and is older still by however long ago that quarter ended.

Values are the manager's stated market value at quarter-end in era-dependent units (whole dollars for form versions effective 2023-01-03 onward, thousands before), normalized here to whole dollars with unit_basis carried on every record.

Affiliated managers may report the same position (otherManager), so one position can appear under more than one filer.

Positions under confidential treatment may be omitted until a later amendment discloses them.

These are disclosures, not investment advice (ARCHITECTURE.md §5.2 / M2-CONTRACT §5).