Two Seas Capital L.P. 13F annual report
Two Seas Capital L.P. is an investment fund managing more than $591 billion ran by Lawrence Palermo. There are currently 16 companies in Mr. Palermo’s portfolio. The largest investments include Indivior Plc and Roivant Sciences Ltd, together worth $313 billion.
$591 billion Assets Under Management (AUM)
As of 7th August 2024, Two Seas Capital L.P.’s top holding is 12,630,026 shares of Indivior Plc currently worth over $204 billion and making up 34.5% of the portfolio value.
In addition, the fund holds 10,318,764 shares of Roivant Sciences Ltd worth $109 billion.
The third-largest holding is Core Scientific Inc New worth $58 billion and the next is Talen Energy Corp worth $51.7 billion, with 465,683 shares owned.
Currently, Two Seas Capital L.P.'s portfolio is worth at least $591 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Two Seas Capital L.P.
The Two Seas Capital L.P. office and employees reside in Rye, New York. According to the last 13-F report filed with the SEC, Lawrence Palermo serves as the Chief Financial Officer at Two Seas Capital L.P..
Recent trades
In the most recent 13F filing, Two Seas Capital L.P. revealed that it had opened a new position in
Talen Energy Corp and bought 465,683 shares worth $51.7 billion.
The investment fund also strengthened its position in Roivant Sciences Ltd by buying
2,388,415 additional shares.
This makes their stake in Roivant Sciences Ltd total 10,318,764 shares worth $109 billion.
On the other hand, there are companies that Two Seas Capital L.P. is getting rid of from its portfolio.
Two Seas Capital L.P. closed its position in Avadel Pharmaceuticals plc on 14th August 2024.
It sold the previously owned 318,240 shares for $5.38 billion.
Lawrence Palermo also disclosed a decreased stake in Indivior Plc by approximately 0.1%.
This leaves the value of the investment at $204 billion and 12,630,026 shares.
One of the average hedge funds
The two most similar investment funds to Two Seas Capital L.P. are Tamar Securities and Granger Management. They manage $591 billion and $591 billion respectively.
Lawrence Palermo investment strategy
Two Seas Capital L.P.’s portfolio is diversified across 5 sectors.
Currently, their heaviest sector is Health Care — making up 14.5% of
the total portfolio value.
The fund focuses on investments in the United States as
50.0% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
13% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $199 billion.
The complete list of Two Seas Capital L.P. trades based on 13F SEC filings
These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Indivior Plc |
4.69%
12,630,026
|
$203,596,027,000 | 34.47% |
| Roivant Sciences Ltd |
30.12%
10,318,764
|
$109,069,335,000 | 18.46% |
| Core Scientific Inc New |
62.87%
6,239,591
|
$58,028,196,000 | 9.82% |
| Talen Energy Corp |
Opened
465,683
|
$51,700,127,000 | 8.75% |
| Avadel Pharmaceuticals plc |
Opened
2,115,279
|
$29,740,823,000 | 5.03% |
| Vistra Corp |
59.15%
314,082
|
$27,004,770,000 | 4.57% |
| Arbutus Biopharma Corp |
9.31%
8,571,751
|
$26,486,711,000 | 4.48% |
| Immunovant Inc |
27.92%
692,406
|
$18,279,518,000 | 3.09% |
| Meta Platforms Inc |
3.13%
30,958
|
$15,609,643,000 | 2.64% |
| Esperion Therapeutics Inc Ne |
37.69%
5,735,660
|
$12,733,165,000 | 2.16% |
| Sonos Inc |
74.39%
703,928
|
$10,389,977,000 | 1.76% |
| Alphabet Inc |
102.58%
49,371
|
$8,992,928,000 | 1.52% |
| Arcutis Biotherapeutics Inc |
5.82%
762,190
|
$7,088,367,000 | 1.20% |
| Odyssey Marine Expl Inc |
7.03%
1,150,666
|
$5,615,250,000 | 0.95% |
| Avadel Pharmaceuticals plc |
Closed
318,240
|
$5,375,074,000 | |
| Sotera Health Co |
16.67%
350,000
|
$4,154,500,000 | 0.70% |
| Terawulf Inc |
Opened
500,000
|
$2,225,000,000 | 0.38% |
| Tourmaline Bio Inc |
Closed
21,891
|
$501,304,000 | |
| No transactions found | |||
| Showing first 500 out of 18 holdings | |||
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