SEC 13F Intelligence

Managers / Q3 2023 · view latest →

Ursa Fund Management, LLC

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

Reported Value
$20M
Q3 2023
Positions
27
Filings on Record
31
2019–present window
Filed
Nov 13, 2023
original filing

Summary

Ursa Fund Management, LLC reported $20M in U.S.-listed holdings across 27 positions for Q3 2023.

Its largest position, SRG, represents 16.1% of the portfolio.

Compared with Q2 2023, the fund opened 10 new positions and exited 5.

Portfolio Metrics

Turnover
+4.8%
vs prior filed quarter
Top-10 Concentration
+79.1%
share of reported value
Largest Position
+16.1%
Seritage Growth Pptys
New / Exited
10 / 5
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: 91.4%Closed-End Fund: 4.8%Tracking Stk: 1.8%Other: 0.9%Equity WRT: 0.9%Other: 0.2%
  • Common Stock · 91.4% · $19M
  • Closed-End Fund · 4.8% · $982,100
  • Tracking Stk · 1.8% · $361,034
  • Other · 0.9% · $191,664
  • Equity WRT · 0.9% · $184,242
  • Other · 0.2% · $30,847

Quarter-over-Quarter Changes full breakdown →

vs Q2 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SRGSERITAGE GROWTH PPTYSNEW+669.0K669.0K+$3M$3M
ENDEAVOR GROUP HLDGS INCNEW+157.7K157.7K+$3M$3M
CMICUMMINS INCNEW+9.8K9.8K+$2M$2M
ATMUATMUS FILTRATION TECHNOLOGIENEW+135.6K135.6K+$763,110$763,110
LIBERTY MEDIA CORP DELNEW+14.2K14.2K+$361,034$361,034
1939900DBROOKFIELD INFRASTRUCTURE CONEW+78.1K78.1K+$202,534$202,534
ICEINTERCONTINENTAL EXCHANGE INNEW+42.0K42.0K+$46,208$46,208
KVUEKENVUE INCNEW+75.0K75.0K+$15,060$15,060

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

Holdings — Q3 2023

13 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SRGSERITAGE GROWTH PPTYShistory →CL A16.13%$3M425.0K
2ENDEAVOR GROUP HLDGS INCCL A COM15.39%$3M157.7K
3STHOSTAR HLDGShistory →SHS BEN INT15.05%$3M245.0K
4CMICUMMINS INChistory →COM11.00%$2M9.8K
5KTOSKRATOS DEFENSE & SEC SOLUTIOhistory →COM NEW5.38%$1M73.0K
6BEBLOOM ENERGY CORPhistory →COM CL A5.01%$1M77.0K
7CLMCORNERSTONE STRATEGIC VALUEhistory →COM4.82%$982,100122.0K
8ATMUATMUS FILTRATION TECHNOLOGIEhistory →COM3.64%$742,26035.6K
9LIBERTY MEDIA CORP DELCOM LBTY SRM S A1.77%$361,03414.2K
10MSPRWMSP RECOVERY INC*W EXP 05/20/2020.90%$184,24223.07M
11GAMESQUARE HLDGS INCCOM0.89%$182,28983.6K
121939900DBROOKFIELD INFRASTRUCTURE COCOM SB VTG SHS A0.87%$176,7005.0K
13SIRIEURSIRIUS XM HOLDINGS INCCOM0.00%$452100

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 ↗.