SEC 13F Intelligence

Managers / Q4 2024 · view latest →

Ursa Fund Management, LLC

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

Reported Value
$1.3B
Q4 2024
Positions
19
Filings on Record
31
2019–present window
Filed
Feb 14, 2025
original filing

Summary

Ursa Fund Management, LLC reported $1.3B in U.S.-listed holdings across 19 positions for Q4 2024.

The portfolio is heavily concentrated: MSFT alone accounts for 31.9% of reported value.

Compared with Q3 2024, the fund opened 9 new positions and exited 9.

Portfolio Metrics

Turnover
+9.8%
vs prior filed quarter
Top-10 Concentration
+41.8%
share of reported value
Largest Position
+31.9%
Microsoft
New / Exited
9 / 9
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: 99.9%PUBLIC: 0.0%Equity WRT: 0.0%
  • Common Stock · 99.9% · $1.3B
  • PUBLIC · 0.0% · $610,800
  • Equity WRT · 0.0% · $56,636

Quarter-over-Quarter Changes full breakdown →

vs Q3 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
MSFTMICROSOFT CORPNEW+2.14M2.14M+$901M$901M
MSTRMICROSTRATEGY INCNEW+946.6K946.6K+$274M$274M
AAPLAPPLE INCNEW+459.9K459.9K+$115M$115M
EQUITY COMWLTHNEW+6.21M6.21M+$11M$11M
PPLIIAC INCNEW+15.0K15.0K+$647,100$647,100
WHEELER REAL ESTATE INVT TRNEW+200.0K200.0K+$610,800$610,800
SILVERCREST METALS INCNEW+50.0K50.0K+$455,000$455,000
BEBLOOM ENERGY CORPNEW+15.0K15.0K+$333,150$333,150

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

Holdings — Q4 2024

11 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM31.94%$425M1.01M
2AAPLAPPLE INChistory →COM4.33%$58M229.9K
3MSTRMICROSTRATEGY INChistory →CL A NEW3.68%$49M169.1K
4EQUITY COMWLTHCOM SH BEN INT0.83%$11M6.21M
5ENDEAVOR GROUP HLDGS INCCL A COM0.71%$9M300.0K
6LIONS GATE ENTMNT CORPCL A VTG0.23%$3M358.5K
7PPLIIAC INCCOM NEW0.05%$647,10015.0K
8WHEELER REAL ESTATE INVT TRCV PFD SER B0.05%$610,800200.0K
9BEBLOOM ENERGY CORPCOM CL A0.03%$333,15015.0K
10SNAPSNAP INCCL A0.01%$107,70010.0K
11MSPRWMSP RECOVERY INC*W EXP 05/20/2020.00%$56,63618.88M

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 ↗.