Ursa Fund Management, LLC
CIK
1693838
Location
Danville, CA
Portfolio Value
Micro
$83,499,706
Diversification
Highly concentrated
Filing Date
Global Rank
#5,710
/ 8,232
▼ 4754
Top Industry
Medical Devices
57.6%
3Y Alpha vs SPY
-25.3%
Period ended 2 months ago
Filed May 15, 2026 · 30d
25 quarters · since Mar 2020
Clone Performance
Jun 2023–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
-12.9%
SPY
+76.3%
Annualised alpha
-25.3%
Max drawdown
−48.8%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
11 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
38.9%
−16.0 pts
Top 5
89.7%
−0.2 pts
Top 10
99.7%
+0.1 pts
HHI
2,784
Highly concentrated−596
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Unclassified | 42.1% | $35,129,560 |
| Healthcare | 33.3% | $27,845,776 |
| Financial Services | 17.6% | $14,734,274 |
| Technology | 5.7% | $4,789,346 |
| Communication Services | 1.2% | $1,000,750 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
1 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| IBIT | iShares Bitcoin Trust ETF | +10,800 | 68,000 | $2,612,560 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
8 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| SPY | Spdr S&P 500 ETF Trust | 50,000 | $32,517,000 | |
| PEN | Penumbra Inc | 84,800 | $27,845,776 | |
| CLBK | Columbia Financial, Inc. | 500,000 | $8,755,000 | |
| WIX | Wix.com Ltd. | 35,000 | $3,152,450 | |
| CAF | Morgan Stanley China A Share Fund, Inc. | 130,200 | $2,278,500 | |
| GAB | Gabelli Equity Trust Inc | 367,924 | $2,060,374 | |
| WOLF | Wolfspeed, Inc. | 100,300 | $1,636,896 | |
| NFBK | Northfield Bancorp, Inc. | 100,000 | $1,354,000 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
14 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| MSFT | Microsoft Corp | 2,718,800 | $1,314,866,056 | |
| AAPL | Apple Inc. | 1,000,000 | $271,860,000 | |
| JPM | Jpmorgan Chase & Co | 740,000 | $238,442,800 | |
| NVDA | Nvidia Corp | 1,161,800 | $216,675,700 | |
| AMZN | Amazon Com Inc | 467,000 | $107,792,940 | |
| GOOGL | Alphabet Inc. | 300,000 | $93,900,000 | |
| META | Meta Platforms, Inc. | 120,000 | $79,210,800 | |
| TSLA | Tesla, Inc. | 101,800 | $45,781,496 | |
| NFLX | Netflix Inc | 114,000 | $10,688,640 | |
| AIV | Apartment Investment & Management Co | 423,600 | $2,516,184 | |
| GLIBA | GCI Liberty, Inc. | 55,700 | $2,053,659 | |
| FBTC | Fidelity Wise Origin Bitcoin Fund | 20,000 | $1,524,600 | |
| RIOT | Riot Platforms, Inc. | 50,000 | $633,500 | |
| SRG | Seritage Growth Properties | 170,000 | $552,500 | |
| No positions match the current search. | ||||
11 positions ·
$83,499,706 total
· as of Mar 31, 2026
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| SPY |
Spdr S&P 500 ETF Trust
|
NEW | 50,000 | $32,517,000 | 38.94% | |
| PEN |
Penumbra Inc
Healthcare
|
NEW | 84,800 | $27,845,776 | 33.35% | |
| CLBK |
Columbia Financial, Inc.
Financial Services
|
NEW | 500,000 | $8,755,000 | 10.49% | |
| WIX |
Wix.com Ltd.
Technology
|
NEW | 35,000 | $3,152,450 | 3.78% | |
| IBIT |
iShares Bitcoin Trust ETF
|
Added | 68,000 | $2,612,560 | 3.13% | |
| CAF |
Morgan Stanley China A Share Fund, Inc.
Financial Services
|
NEW | 130,200 | $2,278,500 | 2.73% | |
| GAB |
Gabelli Equity Trust Inc
Financial Services
|
NEW | 367,924 | $2,060,374 | 2.47% | |
| WOLF |
Wolfspeed, Inc.
Technology
|
NEW | 100,300 | $1,636,896 | 1.96% | |
| NFBK |
Northfield Bancorp, Inc.
Financial Services
|
NEW | 100,000 | $1,354,000 | 1.62% | |
| IAC |
IAC Inc.
Communication Services
|
Reduced | 25,000 | $1,000,750 | 1.20% | |
| LC |
LendingClub Corp
Financial Services
|
Reduced | 20,000 | $286,400 | 0.34% |