Ursa Fund Management, LLC — 13F Holdings & Portfolio
CIK 1693838 · latest 13F-HR filed 2026-05-15
Ursa Fund Management, LLC manages $107.5M in 13F-reported U.S. long-equity assets across 20 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are SPY (30.24%), PEN (15.21%), PEN (10.69%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 8 new positions, exited 19, added to 1, and trimmed 2.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
$107.5M
Long-equity book
20
Distinct positions
2026-03-31
Filed 2026-05-15
+8 / −19 / ↑1 / ↓2
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
New Positions
- PENUMBRA INC$11.5M
- COLUMBIA FINL INC$8.8M
- GABELLI EQUITY TR INC$2.1M
- ISHARES TR$1.5M
- NORTHFIELD BANCORP INC DEL$1.4M
Exited Positions
- MICROSOFT CORP$646.8M
- APPLE INC$135.9M
- JPMORGAN CHASE & CO.$119.2M
- NVIDIA CORPORATION$108.3M
- AMAZON COM INC$53.9M
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | STATE STR SPDR S&P 500 ETF T Put | SPY | 78462F103 | $32.5M | 30.24% | 50,000 | SH |
| 2 | PENUMBRA INC Put | PEN | 70975L107 | $16.4M | 15.21% | 49,800 | SH |
| 3 | PENUMBRA INC | PEN | 70975L107 | $11.5M | 10.69% | 35,000 | SH |
| 4 | COLUMBIA FINL INC | CLBK | 197641103 | $8.8M | 8.14% | 500,000 | SH |
| 5 | ISHARES TR Put | IWM | 464287655 | $7.4M | 6.92% | 30,000 | SH |
| 6 | SPDR SERIES TRUST Put | KRE | 78464A698 | $6.5M | 6.06% | 100,000 | SH |
| 7 | SPDR SERIES TRUST Call | KRE | 78464A698 | $6.5M | 6.06% | 100,000 | SH |
| 8 | ISHARES BITCOIN TRUST ETF | IBIT | 46438F101 | $2.6M | 2.43% | 68,000 | SH |
| 9 | GABELLI EQUITY TR INC | GAB | 362397101 | $2.1M | 1.92% | 367,924 | SH |
| 10 | WIX COM LTD Put | WIX | M98068105 | $1.8M | 1.68% | 20,000 | SH |
| 11 | MORGAN STANLEY CHINA A SH FD Put | CAF | 617468103 | $1.8M | 1.66% | 60,100 | SH |
| 12 | WOLFSPEED INC Call | WOLF | 97785W106 | $1.6M | 1.52% | 100,300 | SH |
| 13 | ISHARES TR | SGOV | 46436E718 | $1.5M | 1.40% | 15,000 | SH |
| 14 | NORTHFIELD BANCORP INC DEL | NFBK | 66611T108 | $1.4M | 1.26% | 100,000 | SH |
| 15 | WIX COM LTD | WIX | M98068105 | $1.4M | 1.26% | 15,000 | SH |
| 16 | MORGAN STANLEY CHINA A SH FD | CAF | 617468103 | $1.2M | 1.14% | 70,100 | SH |
| 17 | WHEELER REAL ESTATE INVT TR | WHLRP | 963025309 | $1.1M | 1.03% | 160,000 | SH |
| 18 | IAC INC | IAC | 44891N208 | $1.0M | 0.93% | 25,000 | SH |
| 19 | LENDINGCLUB ISSUANCE TR SER Call | LC | 52603A208 | $286.4K | 0.27% | 20,000 | SH |
| 20 | GABELLI EQUITY TR INC | GAB | 362397226 | $209.9K | 0.20% | 29,991,406 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-15 | $107.5M | 20 | 0001693838-26-000003 |
| 2025-12-31 | 2026-02-17 | $2.44B | 44 | 0001693838-26-000002 |
| 2025-09-30 | 2025-11-14 | $89.1M | 18 | 0001693838-25-000004 |