Two Seas Capital LP
•CIK: 1823138•Filing: Q4 2025
Two Seas Capital LP, managed by the seasoned duo of John Griffin and Yale professor Michaeli, maintains a concentrated portfolio with a heavy emphasis on SPY, holding 57.8% of its $4.4 billion AUM. Recently, the fund has made notable shifts by adding MSOS and SATS significantly, while cutting CRWV and CLMT by 79%, reflecting a strategic pivot towards growth-oriented sectors.
Total AUM
$1.3B
+ $3.1B in options
QoQ Performance
-22.9%
Positions
24
+ 7 options
Top 10 Concentration
86.0%
Latest Filing
Q4 2025
Top Holdings Allocation
SPY
IWM
SPY57.8%
IWM5.9%
ROIV4.9%
INDV4.2%
TLN3.4%
CORZ2.8%
HUT1.8%
SHC1.8%
📈 Biggest Buys
📉 Biggest Sells
Sector Breakdown
ETF57.8%
Other42.0%
Technology0.2%
🚪 Exited Positionssold since Q3 2025
—
AVADEL PHARMACEUTICALS PLC
SOLD
$82.0M
—
BITDEER TECHNOLOGIES GROUP
SOLD
$7.7M
+1 more exited positions
Changes from Q3 2025
NEW3 new positions
↑14 increased
↓12 decreased
Historical Filings
Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023