SEC 13F Intelligence

Managers / Q4 2020 · view latest →

Ursa Fund Management, LLC

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

Reported Value
$1.6B
Q4 2020
Positions
29
Filings on Record
31
2019–present window
Filed
Feb 16, 2021
original filing

Summary

Ursa Fund Management, LLC reported $1.6B in U.S.-listed holdings across 29 positions for Q4 2020.

The portfolio is heavily concentrated: DWDPEUR alone accounts for 43.7% of reported value.

Compared with Q3 2020, the fund opened 19 new positions and exited 25.

Portfolio Metrics

Turnover
+21.4%
vs prior filed quarter
Top-10 Concentration
+45.0%
share of reported value
Largest Position
+43.7%
Dupont De Nemours
New / Exited
19 / 25
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: 91.2%ETP: 7.0%Other: 1.8%
  • Common Stock · 91.2% · $1.5B
  • ETP · 7.0% · $112M
  • Other · 1.8% · $29M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
DWDPEURDUPONT DE NEMOURS INCNEW+20.31M20.31M+$1.4B$1.4B
SPDR S&P 500 ETF TRNEW+300.0K300.0K+$112M$112M
SWITCHBACK ENERGY ACQUISTN CNEW+623.9K623.9K+$10M$10M
QSQUANTUMSCAPE CORPNEW+106.6K106.6K+$8M$8M
IFFINTERNATIONAL FLAVORS&FRAGRANEW+75.0K75.0K+$8M$8M
SWITCHBACK ENERGY ACQUISTN CNEW+455.5K455.5K+$8M$8M
OPENOPENDOOR TECHNOLOGIES INCNEW+412.0K412.0K+$6M$6M
QUANTUMSCAPE CORPNEW+89.8K89.8K+$3M$3M

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

Holdings — Q4 2020

11 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1DWDPEURDUPONT DE NEMOURS INChistory →COM43.73%$703M9.88M
2SWITCHBACK ENERGY ACQUISTN C*W EXP 07/25/202 · COM CL A0.62%$10M631.1K
3QUANTUMSCAPE CORP*W EXP 11/25/2020.21%$3M89.8K
4OPENOPENDOOR TECHNOLOGIES INC*W EXP 12/18/202 · COM0.15%$2M286.6K
5XL FLEET CORP*W EXP 06/01/202 · COM CL A0.15%$2M231.8K
6COLLECTIVE GROWTH CORPCOM CL A0.04%$643,00045.0K
7FORUM MERGER III CORPCOM CL A0.04%$609,00045.0K
8GIGCAPITAL3 INCCOM0.04%$593,00045.0K
9INSU ACQUISITION CORP IICOM CL A0.03%$482,00031.0K
10ROMEO POWER INCCOM0.03%$450,00020.0K
11LORDSTOWN MOTORS CORP*W EXP 10/23/202 · COM CL A0.01%$165,00016.4K

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 ↗.