SEC 13F Intelligence

Managers / Q1 2021 · view latest →

Ursa Fund Management, LLC

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

Reported Value
$92M
Q1 2021
Positions
20
Filings on Record
31
2019–present window
Filed
May 17, 2021
original filing

Summary

Ursa Fund Management, LLC reported $92M in U.S.-listed holdings across 20 positions for Q1 2021.

The portfolio is heavily concentrated: APH1EUR alone accounts for 26.1% of reported value.

Compared with Q4 2020, the fund opened 14 new positions and exited 17.

Portfolio Metrics

Turnover
+9.6%
vs prior filed quarter
Top-10 Concentration
+58.4%
share of reported value
Largest Position
+26.1%
Aphria
New / Exited
14 / 17
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: 59.5%Other: 36.8%ADR: 3.1%Closed-End Fund: 0.4%Right: 0.1%
  • Common Stock · 59.5% · $55M
  • Other · 36.8% · $34M
  • ADR · 3.1% · $3M
  • Closed-End Fund · 0.4% · $408,000
  • Right · 0.1% · $62,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
APH1EURAPHRIA INCNEW+2.46M2.46M+$45M$45M
WILLIS TOWERS WATSON PLC LTDNEW+70.8K70.8K+$16M$16M
CHARGEPOINT HOLDINGS INCNEW+255.1K255.1K+$7M$7M
BROOKFIELD PROPERTY PARTRS LNEW+230.0K230.0K+$4M$4M
CHARGEPOINT HOLDINGS INCNEW+210.8K210.8K+$3M$3M
LBPSGBP4D PHARMA PLCNEW+148.1K148.1K+$2M$2M
IOUSDION GEOPHYSICAL CORPNEW+574.5K574.5K+$1M$1M
SQMSOCIEDAD QUIMICA Y MINERA DENEW+21.5K21.5K+$1M$1M

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

Holdings — Q1 2021

12 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1APH1EURAPHRIA INChistory →COM26.11%$24M1.31M
2WILLIS TOWERS WATSON PLC LTDSHS17.57%$16M70.8K
3BROOKFIELD PROPERTY PARTRS LUNIT LTD PARTN4.44%$4M230.0K
4CHARGEPOINT HOLDINGS INC*W EXP 07/25/202 · COM CL A4.10%$4M232.7K
5OPENDOOR TECHNOLOGIES INC*W EXP 12/18/2021.93%$2M174.6K
6LBPSGBP4D PHARMA PLChistory →SPONSORED ADS1.90%$2M148.1K
7EAST STONE ACQUISITION CORPSHS1.04%$961,00096.2K
8BIG ROCK PARTNERS ACQUISITIORIGHT 12/01/20220.91%$837,000402.0K
9DNPDNP SELECT INCOME FD INCCOM0.44%$408,00041.3K
10SOCIEDAD QUIMICA Y MINERA DERIGHT 04/19/20210.06%$57,00021.9K
11ALBERTON ACQUISITION CORPRIGHT 04/26/20210.06%$55,000109.5K
12GIX-RGIGCAPITAL2 INCRIGHT 02/28/20260.01%$5,00015.9K

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 ↗.