Ursa Fund Management
Danville, CAfiles as Ursa Fund Management, LLC
$610m in 20 US stocks at the end of 30 June 2026. The top 10 are 99.2% of the money. It changed about 88.8% of the portfolio this quarter.
Value
$610m
Stocks
20
Top 10 share
99.2%
Turnover
88.8%
What changed this quarter
New
Bought for the first time this quarter.
- MicrosoftMSFT33.6% of the fund
- Micron TechnologyMU23.6% of the fund
- TeslaTSLA20.7% of the fund
- Amazon.comAMZN5.9% of the fund
- NvidiaNVDA3.3% of the fund
- Eos Energy EnterprisesEOSE1.2% of the fund
- Optimum CommunicationsOPTU0.3% of the fund
- ShutterstockSSTK<0.1% of the fund
- Re/max Hldgs<0.1% of the fund
- Plug PowerPLUG<0.1% of the fund
- InMed PharmaceuticalsINM<0.1% of the fund
- Canadian SolarCSIQ<0.1% of the fund
- Paramount SkydancePSKY<0.1% of the fund
- Virgin Galactic HoldingsSPCE<0.1% of the fund
- Getty Images HoldingsGETY<0.1% of the fund
Added
Bought more of a stock they already held.
- Gabelli Equity TrustGAB5.2% of the fund+1410%
- Columbia Finl4.4% of the fund+155%
- Northfield Bancorp INC DEL1.0% of the fund+300%
- Ishares Bitcoin Trust ETFIBIT0.4% of the fund+9%
Cut
Sold some of their stake.
None this quarter.
Sold out
Sold their entire stake.
- PenumbraPEN-100%
- Ishares TRSGOV-100%
- Wix.comWIX-100%
- Morgan Stanley China A SH FDXCAFX-100%
- People Inc.PPLI-100%
- Gabelli Equity TRGAB-R-100%
Holdings
- Gabelli Equity TrustGAB
- Share
- 5.2%
- Value
- $31m
- Shares
- 5,555,196
+1410%
- Columbia Finl
- Share
- 4.4%
- Value
- $27m
- Shares
- 1,275,888
+155%
- Northfield Bancorp INC DEL
- Share
- 1.0%
- Value
- $6m
- Shares
- 400,000
+300%
- Ishares Bitcoin Trust ETFIBIT
- Share
- 0.4%
- Value
- $2m
- Shares
- 74,400
+9%
- Wheeler Real Estate Invt TR
- Share
- 0.3%
- Value
- $2m
- Shares
- 161,000
Held
- Re/max Hldgs
- Share
- <0.1%
- Value
- $246,500
- Shares
- 25,000
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| MicrosoftMSFT | 33.6% | $205m | 550,000 | New |
| Micron TechnologyMU | 23.6% | $144m | 125,000 | New |
| TeslaTSLA | 20.7% | $126m | 300,000 | New |
| Amazon.comAMZN | 5.9% | $36m | 150,000 | New |
| Gabelli Equity TrustGAB | 5.2% | $31m | 5,555,196 | +1410% |
| Columbia Finl | 4.4% | $27m | 1,275,888 | +155% |
| NvidiaNVDA | 3.3% | $20m | 100,000 | New |
| Eos Energy EnterprisesEOSE | 1.2% | $7m | 1,235,459 | New |
| Northfield Bancorp INC DEL | 1.0% | $6m | 400,000 | +300% |
| Ishares Bitcoin Trust ETFIBIT | 0.4% | $2m | 74,400 | +9% |
| Optimum CommunicationsOPTU | 0.3% | $2m | 1,407,850 | New |
| Wheeler Real Estate Invt TR | 0.3% | $2m | 161,000 | Held |
| ShutterstockSSTK | <0.1% | $308,825 | 22,138 | New |
| Re/max Hldgs | <0.1% | $246,500 | 25,000 | New |
| Plug PowerPLUG | <0.1% | $203,250 | 75,000 | New |
| InMed PharmaceuticalsINM | <0.1% | $194,990 | 125,800 | New |
| Canadian SolarCSIQ | <0.1% | $160,200 | 10,000 | New |
| Paramount SkydancePSKY | <0.1% | $98,600 | 10,000 | New |
| Virgin Galactic HoldingsSPCE | <0.1% | $72,250 | 25,000 | New |
| Getty Images HoldingsGETY | <0.1% | $38 | 44 | New |
Options (18)
- MicrosoftMSFT
- Type
- Put
- Value
- $205m
- Contracts
- 550,000
- Micron TechnologyMU
- Type
- Put
- Value
- $144m
- Contracts
- 125,000
- TeslaTSLA
- Type
- Put
- Value
- $126m
- Contracts
- 300,000
- State STR Spdr S&P 500 ETF TSPY
- Type
- Put
- Value
- $56m
- Contracts
- 75,000
- Amazon.comAMZN
- Type
- Put
- Value
- $36m
- Contracts
- 150,000
- Columbia Finl
- Type
- Call
- Value
- $20m
- Contracts
- 944,900
- NvidiaNVDA
- Type
- Put
- Value
- $20m
- Contracts
- 100,000
- Ishares TRIWM
- Type
- Put
- Value
- $15m
- Contracts
- 50,000
- Spdr Series TrustKRE
- Type
- Put
- Value
- $12m
- Contracts
- 163,200
- Spdr Series TrustKRE
- Type
- Call
- Value
- $12m
- Contracts
- 160,000
- Eos Energy EnterprisesEOSE
- Type
- Put
- Value
- $9m
- Contracts
- 1,508,500
- Invesco Exchange Traded FD TRSP
- Type
- Call
- Value
- $4m
- Contracts
- 20,000
- Boston ScientificBSX
- Type
- Call
- Value
- $3m
- Contracts
- 75,000
- Ishares Bitcoin Trust ETFIBIT
- Type
- Put
- Value
- $2m
- Contracts
- 70,000
- Optimum CommunicationsOPTU
- Type
- Put
- Value
- $2m
- Contracts
- 1,447,800
- QXOQXO
- Type
- Call
- Value
- $967,680
- Contracts
- 56,000
- Columbia Finl
- Type
- Put
- Value
- $229,176
- Contracts
- 10,800
- Getty Images HoldingsGETY
- Type
- Put
- Value
- $174,666
- Contracts
- 203,100
| Company | Type | Value | Contracts |
|---|---|---|---|
| MicrosoftMSFT | Put | $205m | 550,000 |
| Micron TechnologyMU | Put | $144m | 125,000 |
| TeslaTSLA | Put | $126m | 300,000 |
| State STR Spdr S&P 500 ETF TSPY | Put | $56m | 75,000 |
| Amazon.comAMZN | Put | $36m | 150,000 |
| Columbia Finl | Call | $20m | 944,900 |
| NvidiaNVDA | Put | $20m | 100,000 |
| Ishares TRIWM | Put | $15m | 50,000 |
| Spdr Series TrustKRE | Put | $12m | 163,200 |
| Spdr Series TrustKRE | Call | $12m | 160,000 |
| Eos Energy EnterprisesEOSE | Put | $9m | 1,508,500 |
| Invesco Exchange Traded FD TRSP | Call | $4m | 20,000 |
| Boston ScientificBSX | Call | $3m | 75,000 |
| Ishares Bitcoin Trust ETFIBIT | Put | $2m | 70,000 |
| Optimum CommunicationsOPTU | Put | $2m | 1,447,800 |
| QXOQXO | Call | $967,680 | 56,000 |
| Columbia Finl | Put | $229,176 | 10,800 |
| Getty Images HoldingsGETY | Put | $174,666 | 203,100 |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 1425.9% since 30 June 2025.
Where the money is
Technology61.8%
Retail & consumer26.5%
Media & telecom0.4%
Health care0.0%
Industrials0.0%
Other11.3%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.