Skip to content
Disclosery

Ursa Fund Management, LLC

Follow

13F filer, CIK 1693838, Danville, CA

Ursa Fund Management, LLC reported $89,122,877 across 18 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-14. Its ten largest share positions make up 99.93% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001693838-25-000004

Period
2025-09-30
Reported value
$89.1M
Holdings
18
Top 10 weight
99.93%
New
14
Sold out
27

Largest buys vs the previous quarter

SecurityShares changeApprox. value
AIVnew+3,100,000$24.6M
MR COOPER GROUP INCnew+92,695$19.5M
IBITadded+17,400$1.13M
FBTCnew+10,000$998K
SRGnew+170,000$722K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
KWEBexited-450,000-$15.4M
SKXexited-150,000-$9.46M
CRFexited-725,000-$5.62M
CLMexited-275,000-$2.23M
FOOT LOCKER INCexited-61,500-$1.51M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q3 2025

Share positions as resolved from 13F-HR 0001693838-25-000004, largest first. % of portfolio is the value over $51,604,981, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
AIVAPARTMENT INVT & MGMT COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 3,100,000 shares 3,100,000$24.6M47.64%newTimeline
MR COOPER GROUP INCMR COOPER GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 92,695 shares 92,695$19.5M37.86%new
IBITISHARES BITCOIN TRUST ETFQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 35,500 shares; 2025Q2: 37,600 shares; 2025Q3: 55,000 shares 55,000$3.58M6.93%+17,400Timeline
FBTCFIDELITY WISE ORIGIN BITCOINQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 18,000 shares; 2025Q2: not reported; 2025Q3: 10,000 shares 10,000$998K1.93%newTimeline
WHEELER REAL ESTATE INVT TRWHEELER REAL ESTATE INVT TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 200,000 shares; 2025Q1: not reported; 2025Q2: 125,300 shares; 2025Q3: 197,292 shares 197,292$835K1.62%+71,992
SRGSERITAGE GROWTH PPTYSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 170,000 shares 170,000$722K1.4%newTimeline
SEMLER SCIENTIFIC INCSEMLER SCIENTIFIC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 17,500 shares 17,500$525K1.02%new
PLUGPLUG PWR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 200,000 shares 200,000$466K0.9%newTimeline
SPCEVIRGIN GALACTIC HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 50,000 shares 50,000$193K0.37%newTimeline
DDCDDC ENTERPRISE LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 10,000 shares; 2025Q3: 15,400 shares 15,400$131K0.25%+5,400Timeline
MSP RECOVERY INCMSP RECOVERY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 22,008,134 shares; 2024Q4: 18,878,649 shares; 2025Q1: 18,878,649 shares; 2025Q2: 18,878,649 shares; 2025Q3: 18,878,649 shares 18,878,649$37.8K0.07%0

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
AIVAPARTMENT INVT & MGMT CO REITput2,000,000$15.9Mnew
RKTROCKET COS INC COM CL Aput491,700$9.53Mnew
FBTCFIDELITY WISE ORIGIN BITCOIN SHSput60,000$5.99Mnew
IWMISHARES TR SHSput15,000$3.63Mnew
STRIVE INCSTRIVE INC CL A COMput560,200$1.4Mnew
RIOTRIOT PLATFORMS INC COMcall50,000$952Knew
STRIVE INCSTRIVE INC CL A COMcall63,500$159Knew

Sold out in Q3 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
KWEBKRANESHARES TRUST450,000$15.4Mshares
KWEBKRANESHARES TRUST450,000$15.4Mput
FOOT LOCKER INCFOOT LOCKER INC537,500$13.2Mput
SKXSKECHERS U S A INC150,000$9.46Mshares
CRFCORNERSTONE TOTAL RETURN FD725,000$5.62Mshares
FOOT LOCKER INCFOOT LOCKER INC190,700$4.67Mcall
WALGREENS BOOTS ALLIANCE INCWALGREENS BOOTS ALLIANCE INC344,200$3.95Mcall
SKXSKECHERS U S A INC625,400$2.37Mcall
CLMCORNERSTONE STRATEGIC INVEST275,000$2.23Mshares
FOOT LOCKER INCFOOT LOCKER INC61,500$1.51Mshares
CANTOR EQUITY PARTNERS INCCANTOR EQUITY PARTNERS INC19,500$542Kshares
TACOBERTO ACQUISITION CORP38,000$396Kshares
PARAMOUNT GLOBALPARAMOUNT GLOBAL28,800$372Kcall
RTACRENATUS TACTICAL ACQUIS25,000$318Kshares
CAEPCANTOR EQUITY PARTNERS III I25,000$264Kshares
BEBLOOM ENERGY CORP10,000$239Kshares
COLUMBUS CIRCLE CAP CORP. ICOLUMBUS CIRCLE CAP CORP. I20,000$212Kshares
HAPNHAPPEN INC15,000$180Kshares
CEPTCANTOR EQUITY PARTNERS II IN15,000$165Kshares
PROCAP ACQUISITION CORPPROCAP ACQUISITION CORP13,000$139Kshares
PARAMOUNT GLOBALPARAMOUNT GLOBAL10,000$129Kput
CANTOR EQUITY PARTNERS INCCANTOR EQUITY PARTNERS INC4,500$125Kput
CEPOCANTOR EQUITY PARTNERS I INC10,000$119Kshares
VLOSVELOS ACQUISITION I CORP10,000$113Kshares
GNSGENIUS GROUP LTD37,500$51Kshares
MPUMEGA MATRIX INC25,000$29Kshares
SILOSILO PHARMA INC37,500$23.6Kshares

How Q3 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001693838-25-000004 base2025-11-14acceptance time not in the bulk data set