SEC 13F Intelligence

Managers / Q4 2023 · view latest →

Ursa Fund Management, LLC

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

Reported Value
$58M
Q4 2023
Positions
37
Filings on Record
31
2019–present window
Filed
Feb 1, 2024
original filing

Summary

Ursa Fund Management, LLC reported $58M in U.S.-listed holdings across 37 positions for Q4 2023.

The portfolio is heavily concentrated: Ishares Tr alone accounts for 22.3% of reported value.

Compared with Q3 2023, the fund opened 13 new positions and exited 8.

Portfolio Metrics

Turnover
+22.9%
vs prior filed quarter
Top-10 Concentration
+83.0%
share of reported value
Largest Position
+22.3%
Ishares Tr
New / Exited
13 / 8
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: 42.5%ETP: 32.2%Other: 22.7%Closed-End Fund: 2.3%Equity WRT: 0.3%Other: 0.0%
  • Common Stock · 42.5% · $25M
  • ETP · 32.2% · $19M
  • Other · 22.7% · $13M
  • Closed-End Fund · 2.3% · $1M
  • Equity WRT · 0.3% · $173,502
  • Other · 0.0% · $2,328

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ISHARES TRNEW+259.8K259.8K+$13M$13M
MANCHESTER UTD PLC NEWNEW+909.0K909.0K+$11M$11M
KRANESHARES TRNEW+400.0K400.0K+$5M$5M
BOXBOX INCNEW+171.0K171.0K+$2M$2M
SCREAMING EAGLE ACQUISITN CONEW+122.5K122.5K+$1M$1M
LGF/BEURLIONS GATE ENTMNT CORPNEW+75.0K75.0K+$764,250$764,250
LCEURLENDINGCLUB CORPNEW+85.0K85.0K+$742,900$742,900
USX1UNITED STATES STL CORP NEWNEW+90.9K90.9K+$283,759$283,759

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

Holdings — Q4 2023

19 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ISHARES TR20 YR TR BD ETF22.27%$13M129.8K
2MANCHESTER UTD PLC NEWORD CL A14.24%$8M402.7K
3SRGSERITAGE GROWTH PPTYShistory →CL A12.13%$7M747.4K
4KRANESHARES TRCSI CHI INTERNET9.37%$5M200.0K
5ENDEAVOR GROUP HLDGS INCCL A COM8.64%$5M209.8K
6STHOSTAR HLDGShistory →SHS BEN INT7.54%$4M290.0K
7CLMCORNERSTONE STRATEGIC VALUEhistory →COM2.27%$1M182.0K
8SCREAMING EAGLE ACQUISITN COCLASS A ORD SHS2.25%$1M122.5K
9BOXBOX INChistory →CL A2.18%$1M49.0K
10ACIALBERTSONS COS INChistory →COMMON STOCK2.14%$1M53.7K
11LGF/BEURLIONS GATE ENTMNT CORPhistory →CL B NON VTG1.33%$764,25075.0K
12LCEURLENDINGCLUB CORPhistory →COM NEW1.29%$742,90085.0K
131939900DBROOKFIELD INFRASTRUCTURE COCOM SB VTG SHS A0.95%$546,84015.5K
14BEBLOOM ENERGY CORPCOM CL A0.39%$222,00015.0K
15GAMESQUARE HLDGS INCCOM0.36%$208,150115.0K
16STEM INCCOM0.34%$194,00050.0K
17MSPRWMSP RECOVERY INC*W EXP 05/20/2020.19%$109,10222.01M
18E2OPEN PARENT HOLDINGS INC*W EXP 02/04/2020.11%$64,400230.0K
19INPXEURINPIXONCOM NEW 20220.11%$61,6041.10M

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 ↗.