SEC 13F Intelligence

Managers / Q2 2022 · view latest →

Ursa Fund Management, LLC

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

Reported Value
$587M
Q2 2022
Positions
23
Filings on Record
31
2019–present window
Filed
Jul 28, 2022
original filing

Summary

Ursa Fund Management, LLC reported $587M in U.S.-listed holdings across 23 positions for Q2 2022.

Its largest position, Pershing Square Tontine Hldg, represents 9.9% of the portfolio.

Compared with Q1 2022, the fund opened 7 new positions and exited 51.

Portfolio Metrics

Turnover
+30.3%
vs prior filed quarter
Top-10 Concentration
+23.9%
share of reported value
Largest Position
+9.9%
Pershing Square Tontine Hldg
New / Exited
7 / 51
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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. 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: 91.9%Closed-End Fund: 4.3%REIT: 2.6%Other: 0.8%Equity WRT: 0.3%
  • Common Stock · 91.9% · $539M
  • Closed-End Fund · 4.3% · $25M
  • REIT · 2.6% · $16M
  • Other · 0.8% · $5M
  • Equity WRT · 0.3% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CLMCORNERSTONE STRATEGIC VALUENEW+2.82M2.82M+$24M$24M
TWITTER INCNEW+121.4K121.4K+$5M$5M
MSPRWMSP RECOVERY INCNEW+22.72M22.72M+$2M$2M
VMWARE INCNEW+14.6K14.6K+$2M$2M
REDBOX ENTERTAINMENT INCNEW+165.3K165.3K+$1M$1M
CRFCORNERSTONE TOTAL RETURN FDNEW+117.1K117.1K+$975,000$975,000
CSSEQCHICKEN SOUP FOR THE SOUL ENNEW+91.5K91.5K+$670,000$670,000
MMM3M COADDED+1.02M1.03M+$132M$134M

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

Holdings — Q2 2022

10 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1PERSHING SQUARE TONTINE HLDGCOM CL A · *W EXP 07/24/2029.90%$58M4.48M
2MMM3M COhistory →COM8.32%$49M377.5K
3CLMCORNERSTONE STRATEGIC VALUEhistory →COM4.12%$24M2.82M
4SPWHSPORTSMANS WHSE HLDGS INCCOM0.63%$4M385.0K
5MSPRWMSP RECOVERY INC*W EXP 05/20/2020.35%$2M22.72M
6BROOKFIELD BUSINESS CORPCL A EXC SUB VTG0.25%$1M63.1K
7CRFCORNERSTONE TOTAL RETURN FDCOM0.17%$975,000117.1K
8SPNTSIRIUSPOINT LTDCOM0.10%$560,000103.5K
9CSSEQCHICKEN SOUP FOR THE SOUL ENCL A0.09%$511,00069.0K
10BLUE APRON HLDGS INCCL A NEW0.03%$160,00043.9K

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 ↗.