Ursa Fund Management, LLC
Follow13F filer, CIK 1693838, Danville, CA
Ursa Fund Management, LLC reported $2,438,939,779 across 44 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-17. Its ten largest share positions make up 98.69% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001693838-26-000002
- Period
- 2025-12-31
- Reported value
- $2.44B
- Holdings
- 44
- Top 10 weight
- 98.69%
- New
- 36
- Sold out
- 10
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| MSFTnew | +1,337,400 | $647M |
| AAPLnew | +500,000 | $136M |
| JPMnew | +370,000 | $119M |
| NVDAnew | +580,900 | $108M |
| AMZNnew | +233,500 | $53.9M |
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
| Security | Shares change | Approx. value |
|---|---|---|
| MR COOPER GROUP INCexited | -92,695 | -$19.5M |
| AIVreduced | -2,676,400 | -$15.9M |
| SEMLER SCIENTIFIC INCexited | -17,500 | -$525K |
| PLUGexited | -200,000 | -$466K |
| WHEELER REAL ESTATE INVT TRreduced | -48,700 | -$253K |
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, Q4 2025
Share positions as resolved from 13F-HR 0001693838-26-000002, largest first. % of portfolio is the value over $1,161,594,798, the sum of the share positions whose value is usable for ratios (method).
| Security | History | Shares | Value | % of portfolio | Change | Latest event | Timeline |
|---|---|---|---|---|---|---|---|
| MSFTMICROSOFT CORP | 1,337,400 | $647M | 55.68% | new | Timeline | ||
| AAPLAPPLE INC | 500,000 | $136M | 11.7% | new | Timeline | ||
| JPMJPMORGAN CHASE & CO | 370,000 | $119M | 10.26% | new | Timeline | ||
| NVDANVIDIA CORPORATION | 580,900 | $108M | 9.33% | new | Timeline | ||
| AMZNAMAZON COM INC | 233,500 | $53.9M | 4.64% | new | Timeline | ||
| GOOGLALPHABET INC | 150,000 | $47M | 4.04% | new | Timeline | ||
| TSLATESLA INC | 50,900 | $22.9M | 1.97% | new | Timeline | ||
| NFLXNETFLIX INC. | 57,000 | $5.34M | 0.46% | new | Timeline | ||
| URAGLOBAL X FDS | 85,700 | $3.66M | 0.32% | new | Timeline | ||
| METAMETA PLATFORMS INC | 5,000 | $3.3M | 0.28% | new | Timeline | ||
| PPLIPEOPLE INC | 75,000 | $2.93M | 0.25% | new | Timeline | ||
| IBITISHARES BITCOIN TRUST ETF | 57,200 | $2.84M | 0.24% | +2,200 | Timeline | ||
| AIVAPARTMENT INVT & MGMT CO | 423,600 | $2.52M | 0.22% | -2,676,400 | Timeline | ||
| SILJAMPLIFY ETF TR | 81,500 | $2.26M | 0.19% | new | Timeline | ||
| FBTCFIDELITY WISE ORIGIN BITCOIN | 20,000 | $1.52M | 0.13% | +10,000 | Timeline | ||
| SILGLOBAL X FDS | 16,900 | $1.41M | 0.12% | new | Timeline | ||
| WHEELER REAL ESTATE INVT TRWHEELER REAL ESTATE INVT TR | 148,592 | $771K | 0.07% | -48,700 | |||
| SRGSERITAGE GROWTH PPTYS | 170,000 | $552K | 0.05% | 0 | Timeline | ||
| HAPNHAPPEN INC | 10,000 | $189K | 0.02% | new | Timeline | ||
| COPXGLOBAL X FDS | 1,900 | $136K | 0.01% | new | Timeline | ||
| SLVRSPROTT FDS TR | 1,900 | $106K | 0.01% | new | Timeline | ||
| STRIVE INCSTRIVE INC | 44,500 | $32.8K | <0.01% | new |
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).
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| MSFTMICROSOFT CORP COM | put | 1,359,400 | $657M | new |
| AAPLAPPLE INC COM | put | 500,000 | $136M | new |
| JPMJPMORGAN CHASE & CO COM | put | 370,000 | $119M | new |
| NVDANVIDIA CORPORATION COM | put | 580,900 | $108M | new |
| AMZNAMAZON COM INC COM | put | 233,500 | $53.9M | new |
| GOOGLALPHABET INC COM | put | 150,000 | $47M | new |
| METAMETA PLATFORMS INC COM | put | 60,000 | $39.6M | new |
| METAMETA PLATFORMS INC COM | call | 55,000 | $36.3M | new |
| TSLATESLA INC COM | put | 50,900 | $22.8M | new |
| IWMISHARES TR SHS | put | 50,000 | $12.3M | +35,000 |
| MSFTMICROSOFT CORP COM | call | 22,000 | $10.6M | new |
| KWEBKRANESHARES TRUST CSI CHI INTERNET | put | 300,000 | $10.2M | new |
| KWEBKRANESHARES TRUST CSI CHI INTERNET | call | 300,000 | $10.2M | new |
| NFLXNETFLIX INC. COM | put | 57,000 | $5.34M | new |
| URAGLOBAL X FDS GLOBAL X URANIUM | put | 75,000 | $3.2M | new |
| GLIBALIBERTY CAP CORP COMMON STOCK | call | 55,700 | $2.07M | new |
| SILGLOBAL X FDS GLOBAL X SILVER | put | 16,900 | $1.41M | new |
| RIOTRIOT PLATFORMS INC COM | call | 50,000 | $634K | 0 |
| HAPNHAPPEN INC Stock | call | 20,000 | $379K | new |
| COPXGLOBAL X FDS GLOBAL X COPPER | put | 2,400 | $172K | new |
| SLVRSPROTT FDS TR SILVER MINERS | put | 1,900 | $159K | new |
| STRIVE INCSTRIVE INC CL A COM | call | 150,000 | $111K | +86,500 |
Sold out in Q4 2025
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| MR COOPER GROUP INCMR COOPER GROUP INC | 92,695 | $19.5M | shares |
| AIVAPARTMENT INVT & MGMT CO | 2,000,000 | $15.9M | put |
| RKTROCKET COS INC | 491,700 | $9.53M | put |
| FBTCFIDELITY WISE ORIGIN BITCOIN | 60,000 | $5.99M | put |
| STRIVE INCSTRIVE INC | 560,200 | $1.4M | put |
| SEMLER SCIENTIFIC INCSEMLER SCIENTIFIC INC | 17,500 | $525K | shares |
| PLUGPLUG PWR INC | 200,000 | $466K | shares |
| SPCEVIRGIN GALACTIC HOLDINGS INC | 50,000 | $193K | shares |
| DDCDDC ENTERPRISE LTD | 15,400 | $131K | shares |
| MSP RECOVERY INCMSP RECOVERY INC | 18,878,649 | $37.8K | shares |
How Q4 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).
| Filing | Role | Amendment | Filed | Accepted | Ingested |
|---|---|---|---|---|---|
| 13F-HR 0001693838-26-000002 | base | 2026-02-17 | acceptance time not in the bulk data set |