# Ursa Fund Management, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1693838. Source: https://holderbook.com/funds/1693838-ursa-fund-management-llc/

- Reported value: $1.3B
- Positions: 26
- Weight of the ten largest: 96.8%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $410.3M | 550,000 | 32.1% | 1 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $288.6M | 125,000 | 22.6% | 1 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $252.4M | 300,000 | 19.7% | 1 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $71.5M | 150,000 | 5.6% | 1 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $56.0M | 0 | 4.4% | 2 |
| COLUMBIA FINL INC | [CLBK](https://holderbook.com/stocks/CLBK/) | $47.4M | 1,275,888 | 3.7% | 2 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $40.0M | 100,000 | 3.1% | 1 |
| GABELLI EQUITY TR INC | [GAB](https://holderbook.com/stocks/GAB/) | $31.4M | 5,555,196 | 2.5% | 2 |
| SPDR SERIES TRUST | [KRE](https://holderbook.com/stocks/KRE/) | $24.2M | 0 | 1.9% | 2 |
| EOS ENERGY ENTERPRISES INC | [EOSE](https://holderbook.com/stocks/EOSE/) | $16.1M | 1,235,459 | 1.3% | 1 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $15.0M | 0 | 1.2% | 4 |
| NORTHFIELD BANCORP INC DEL | [NFBK](https://holderbook.com/stocks/NFBK/) | $5.9M | 400,000 | 0.5% | 2 |
| ISHARES BITCOIN TRUST ETF | [IBIT](https://holderbook.com/stocks/IBIT/) | $4.8M | 74,400 | 0.4% | 6 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $4.3M | 0 | 0.3% | 1 |
| OPTIMUM COMMUNICATIONS INC | [OPTU](https://holderbook.com/stocks/OPTU/) | $4.1M | 1,407,850 | 0.3% | 1 |
| BOSTON SCIENTIFIC CORP | [BSX](https://holderbook.com/stocks/BSX/) | $3.2M | 0 | 0.2% | 1 |
| WHEELER REAL ESTATE INVT TR | - | $1.6M | 161,000 | 0.1% | 5 |
| QXO INC | [QXO](https://holderbook.com/stocks/QXO/) | $967.7K | 0 | 0.1% | 1 |
| SHUTTERSTOCK INC | [SSTK](https://holderbook.com/stocks/SSTK/) | $308.8K | 22,138 | 0.0% | 1 |
| RE MAX HLDGS INC | [RMAX](https://holderbook.com/stocks/RMAX/) | $246.5K | 25,000 | 0.0% | 1 |
| PLUG PWR INC | [PLUG](https://holderbook.com/stocks/PLUG/) | $203.2K | 75,000 | 0.0% | 1 |
| INMED PHARMACEUTICALS INC | [INM](https://holderbook.com/stocks/INM/) | $195.0K | 125,800 | 0.0% | 1 |
| GETTY IMAGES HOLDINGS INC | [GETY](https://holderbook.com/stocks/GETY/) | $174.7K | 44 | 0.0% | 1 |
| CANADIAN SOLAR INC | [CSIQ](https://holderbook.com/stocks/CSIQ/) | $160.2K | 10,000 | 0.0% | 1 |
| PARAMOUNT SKYDANCE CORP | [PSKY](https://holderbook.com/stocks/PSKY/) | $98.6K | 10,000 | 0.0% | 1 |
| VIRGIN GALACTIC HOLDINGS INC | [SPCE](https://holderbook.com/stocks/SPCE/) | $72.2K | 25,000 | 0.0% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +4.4% | +14.8% | -10.4% | 62% |
| Q4 2025 | +5.4% | +2.4% | +3.1% | 70% |
| Q3 2024 | +4.5% | +5.4% | -0.9% | 94% |
| Q2 2024 | -13.9% | +4.0% | -18.0% | 65% |
| Q1 2024 | -6.6% | +10.0% | -16.6% | 89% |
| Q4 2023 | +14.8% | +11.2% | +3.6% | 100% |
| Q3 2019 | -66.2% | +1.3% | -67.5% | 61% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $1.3B | 26 |
| Q1 2026 | $107.5M | 16 |
| Q4 2025 | $2.4B | 26 |
| Q3 2025 | $89.1M | 15 |
| Q2 2025 | $80.2M | 25 |
| Q1 2025 | $39.0M | 17 |
| Q4 2024 | $1.3B | 13 |
| Q3 2024 | $75.7M | 13 |
| Q2 2024 | $36.5M | 8 |
| Q1 2024 | $48.7M | 20 |
| Q4 2023 | $57.6M | 25 |
| Q3 2023 | $20.4M | 20 |