SEC 13F Intelligence

Managers / Q3 2019 · view latest →

Ursa Fund Management, LLC

CIK 0001693838 · 156 DIABLO RD, STE 250, DANVILLE, CA, 94526 · 415-529-6040

Reported Value
$141M
Q3 2019
Positions
14
Filings on Record
31
2019–present window
Filed
Nov 14, 2019
original filing

Summary

Ursa Fund Management, LLC reported $141M in U.S.-listed holdings across 14 positions for Q3 2019.

The portfolio is heavily concentrated: AABAUSD alone accounts for 21.6% of reported value.

Compared with Q2 2019, the fund opened 4 new positions and exited 6.

Portfolio Metrics

Turnover
+1.1%
vs prior filed quarter
Largest Position
+21.6%
Altaba
New / Exited
4 / 6
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $2.4BQ4 ’18Q1 ’19: $1.2BQ2 ’19: $1.6BQ3 ’19: $141MQ4 ’19: $2.4BQ4 ’19Q1 ’20: $347MQ2 ’20: $1.7BQ3 ’20: $193MQ4 ’20: $1.6BQ4 ’20Q1 ’21: $92MQ2 ’21: $78MQ3 ’21: $281MQ4 ’21: $4.2BQ4 ’21Q1 ’22: $256MQ2 ’22: $587MQ3 ’22: $148MQ4 ’22: $67MQ4 ’22Q1 ’23: $269MQ2 ’23: $413MQ3 ’23: $20MQ4 ’23: $58MQ4 ’23Q1 ’24: $49MQ2 ’24: $36MQ3 ’24: $76MQ4 ’24: $1.3BQ4 ’24Q1 ’25: $39MQ2 ’25: $80MQ3 ’25: $89MQ4 ’25: $2.4BQ4 ’25Q1 ’26: $108Mfilingsflow.com

Portfolio Composition

By security type
Closed-End Fund: 72.9%ADR: 15.3%REIT: 6.4%Common Stock: 4.5%Other: 0.9%
  • Closed-End Fund · 72.9% · $103M
  • ADR · 15.3% · $22M
  • REIT · 6.4% · $9M
  • Common Stock · 4.5% · $6M
  • Other · 0.9% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
MSGNMSG NETWORK INCNEW+320.0K320.0K+$5M$5M
BROOKFIELD ASSET MGMT INCNEW+21.9K21.9K+$1M$1M
PACBPACIFIC BIOSCIENCES CALIF INNEW+200.0K200.0K+$1M$1M
XGLQXCLOUGH GLOBAL EQUITY FDNEW+58.3K58.3K+$671,000$671,000
GOOGLALPHABET INCSOLD OUT−200.0K0−$217M$0
GOOGALPHABET INCSOLD OUT−200.0K0−$216M$0
LYONDELLBASELL INDUSTRIES NSOLD OUT−184.1K0−$16M$0
COTYCOTY INCSOLD OUT−100.0K0−$1M$0

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q3 2019

9 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AABAUSDALTABA INChistory →COM21.61%$30M1.56M
2HIGHLAND INCOME FUNDHIGHLAND INCOME14.75%$21M1.55M
3BABAALIBABA GROUP HLDG LTDhistory →SPONSORED ADS6.78%$10M57.0K
4NXDTNEXPOINT STRATEGIC OPORTUNThistory →COM NEW6.37%$9M500.0K
5MSGNMSG NETWORK INChistory →CL A3.31%$5M280.0K
6BROOKFIELD ASSET MGMT INCCL A LTD VT SH0.83%$1M21.9K
7PACBPACIFIC BIOSCIENCES CALIF INCOM0.73%$1M200.0K
8XGLQXCLOUGH GLOBAL EQUITY FDCOM0.48%$671,00058.3K
9REEDS INCCOM0.02%$25,00019.1K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$108M20May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$2.4B44Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$89M18Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$80M31Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$39M21May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$1.3B19Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$76M17Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$36M9Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$49M23May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$58M37Feb 1, 202413F-HRchanges · EDGAR ↗
Q3 2023$20M27Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$413M20Aug 9, 202313F-HRchanges · EDGAR ↗
Q1 2023$269M17May 3, 202313F-HRchanges · EDGAR ↗
Q4 2022$67M19Jan 26, 202313F-HRchanges · EDGAR ↗
Q3 2022$148M31Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$587M23Jul 28, 202213F-HRchanges · EDGAR ↗
Q1 2022$256M69May 18, 2022RESTATEMENTchanges · EDGAR ↗
Q4 2021$4.2B86Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$281M19Nov 5, 202113F-HRchanges · EDGAR ↗
Q2 2021$78M15Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$92M20May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$1.6B29Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$193M34Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$1.7B22Aug 4, 202013F-HRchanges · EDGAR ↗
Q1 2020$347M12May 14, 202013F-HRchanges · EDGAR ↗
Q4 2019$2.4B15Jan 29, 202013F-HRchanges · EDGAR ↗
Q3 2019$141M14Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$1.6B16Jul 30, 201913F-HRchanges · EDGAR ↗
Q1 2019$1.2B11May 14, 201913F-HRchanges · EDGAR ↗
Q4 2018$2.4B25Jan 8, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.