SEC 13F Intelligence

Managers / Q3 2020 · view latest →

Ursa Fund Management, LLC

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

Reported Value
$193M
Q3 2020
Positions
34
Filings on Record
31
2019–present window
Filed
Nov 16, 2020
original filing

Summary

Ursa Fund Management, LLC reported $193M in U.S.-listed holdings across 34 positions for Q3 2020.

Its largest position, Pivotal Invt Corp II, represents 13.5% of the portfolio.

Compared with Q2 2020, the fund opened 25 new positions and exited 11.

Portfolio Metrics

Turnover
+20.8%
vs prior filed quarter
Top-10 Concentration
+30.9%
share of reported value
Largest Position
+13.5%
Pivotal Invt Corp II
New / Exited
25 / 11
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
Other: 56.3%ETP: 28.8%Common Stock: 13.7%Closed-End Fund: 1.1%
  • Other · 56.3% · $109M
  • ETP · 28.8% · $56M
  • Common Stock · 13.7% · $26M
  • Closed-End Fund · 1.1% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
NDQINVESCO QQQ TRNEW+200.0K200.0K+$56M$56M
MYLAN NVNEW+1.82M1.82M+$27M$27M
PIVOTAL INVT CORP IINEW+2.25M2.25M+$26M$26M
TORTOISE ACQUISITION CORPNEW+437.7K437.7K+$22M$22M
TIFEURTIFFANY & CO NEWNEW+165.8K165.8K+$19M$19M
TORTOISE ACQUISITION CORPNEW+384.4K384.4K+$19M$19M
SIRIUS INTERNATIONAL INSURANNEW+300.0K300.0K+$3M$3M
AMCXEURAMC NETWORKS INCNEW+701.7K701.7K+$3M$3M

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

Holdings — Q3 2020

16 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1PIVOTAL INVT CORP IICOM CL A · *W EXP 06/01/20214.95%$29M2.50M
2TORTOISE ACQUISITION CORP*W EXP 03/04/202 · CL A10.01%$19M387.0K
3SIRIUS INTERNATIONAL INSURANCOM1.80%$3M300.0K
4SOCIAL CAP HEDSPIA HLDG CO ICOM CL A · UNIT 99/99/99991.50%$3M225.0K
5RIVERNORTH DOUBLELINE STRATERIGHT 10/01/2020 · COM1.20%$2M168.7K
6AMCXEURAMC NETWORKS INCCL A0.69%$1M282.6K
7CCXGBPCHURCHILL CAP CORP IICL A0.66%$1M121.0K
8OAKTREE ACQUISITION CORPSHS CL A0.61%$1M100.0K
9BRANDYWINEGBL GBL INCM OPPCOM0.50%$973,00084.5K
10JAWS ACQUISITION CORPSHS0.22%$416,00040.0K
11WKHSEURWORKHORSE GROUP INCCOM NEW0.16%$316,00012.5K
12GX ACQUISITION CORPCOM CL A0.16%$315,00030.0K
13LIBERTY LATIN AMERICA LTDCOM CL C · COM CL A0.16%$308,00037.8K
14GHIVUSDGORES HLDGS IV INCCOM CL A0.11%$206,00020.0K
15MYLAN NVSHS EURO0.02%$39,0002.6K
16AMPCO-PITTSBURG CORP*W EXP 08/01/2020.02%$36,00010.9K

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 ↗.