SEC 13F Intelligence

Managers / Q2 2020 · view latest →

Ursa Fund Management, LLC

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

Reported Value
$1.7B
Q2 2020
Positions
22
Filings on Record
31
2019–present window
Filed
Aug 4, 2020
original filing

Summary

Ursa Fund Management, LLC reported $1.7B in U.S.-listed holdings across 22 positions for Q2 2020.

The portfolio is heavily concentrated: IACIEUR alone accounts for 38.1% of reported value.

Compared with Q1 2020, the fund opened 7 new positions and exited 1.

Portfolio Metrics

Turnover
+3.7%
vs prior filed quarter
Largest Position
+38.1%
Iac Interactivecorp
New / Exited
7 / 1
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
Common Stock: 98.8%Other: 1.0%ETP: 0.2%Right: 0.0%
  • Common Stock · 98.8% · $1.6B
  • Other · 1.0% · $16M
  • ETP · 0.2% · $4M
  • Right · 0.0% · $44,000

Quarter-over-Quarter Changes full breakdown →

vs Q1 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
NIKOLA CORPNEW+228.4K228.4K+$15M$15M
SOCIAL CAP HDOSPHIA HLDG CONEW+50.0K50.0K+$559,000$559,000
NIKOLA CORPNEW+6.1K6.1K+$412,000$412,000
FNFFIDELITY NATIONAL FINANCIALNEW+12.4K12.4K+$379,000$379,000
TMUST-MOBILE US INCNEW+2.0K2.0K+$208,000$208,000
HTZ-WEURHERTZ GLOBAL HLDGS INCNEW+34.6K34.6K+$49,000$49,000
T-MOBILE US INCNEW+261.8K261.8K+$44,000$44,000
PCGPG&E CORPADDED+2.20M2.22M+$20M$20M

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

Holdings — Q2 2020

8 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1IACIEURIAC INTERACTIVECORPhistory →COM38.09%$630M1.95M
2PCGPG&E CORPCOM0.38%$6M715.9K
3ANGI1EURANGI HOMESERVICES INCCOM CL A0.12%$2M163.2K
4MTCHEURMATCH GROUP INCCOM0.08%$1M12.1K
5SOCIAL CAP HDOSPHIA HLDG COSHS CL A0.03%$559,00050.0K
6NIKOLA CORP*W EXP 06/03/202 · COM0.03%$416,0006.2K
7FNFFIDELITY NATIONAL FINANCIALFNF GROUP COM0.00%$76,0002.5K
8T-MOBILE US INCRIGHT 07/27/20200.00%$44,000261.8K

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 ↗.