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Ursa Fund Management, LLC

CIK:0001693838
Hedge Fund
$634M AUM
31 holdings
Danville, CA, United States
Founded:2017
2 employees
Latest filing:Jun 30, 2025

URSA Fund Management, LLC is a U.S.-based hedge fund founded in 2017 and headquartered in Danville, California. The firm manages assets primarily for pooled investment vehicles, with a focus on alternative investment strategies. With a small team of 2 employees, both functioning as investment professionals, URSA Fund Management serves institutional investors seeking a concentrated and research-driven investment approach.

Investment Strategy

URSA Fund Management, LLC employs a hedge fund investment strategy, managing positions in public equities and related securities. The firm files 13F disclosures, indicating an active approach to public equity markets, and manages capital for pooled investment vehicles. The strategy typically involves in-depth fundamental analysis and may focus on specific sectors or companies based on proprietary research, with a flexible mandate to exploit market inefficiencies and generate risk-adjusted returns.

Latest 13F Filing Activity

Ursa Fund Management, LLC filed their most recent 13F report on Jun 30, 2025 disclosing 16 equity positions and 8 options positions with a total 13F market value of $80M. The fund increased holdings in Kraneshares Trust, Skechers U S A Inc., Cornerstone Total Return FD among other positions. Ursa Fund Management, LLC reduced exposure to Equity Comwlth, Alliancebernstein HLDG L P, Lions Gate Entmnt Corp. among others.

Top Buys
K
KWEBKRANESHARES TRUST
+$15.4M
S
SKXSKECHERS U S A INC
+$9.5M
C
CRFCORNERSTONE TOTAL RETURN FD
+$5.3M
C
CLMCORNERSTONE STRATEGIC INVEST
+$2.0M
F
FLFOOT LOCKER INC
+$1.5M
Top Sells
E
EQCEQUITY COMWLTH
-$11.3M
A
ABALLIANCEBERNSTEIN HLDG L P
-$7.7M
L
LGF-ALIONS GATE ENTMNT CORP
-$2.8M
F
FBTCFIDELITY WISE ORIGIN BITCOIN
-$1.3M
I
IACIAC INC
-$1.1M

Top Holdings

K
KWEBKRANESHARES TRUST
+19.3%$15.4M
S
SKXSKECHERS U S A INC
+11.8%$9.5M
C
CRFCORNERSTONE TOTAL RETURN FD
+7.0%$5.6M
I
IBITISHARES BITCOIN TRUST ETF
+2.9%$2.3M
C
CLMCORNERSTONE STRATEGIC INVEST
+2.8%$2.2M

Equity Positions (16)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
KRANESHARES TRUST19.25%$15.4M450,000$34.33$34.33+$15.4M
SKECHERS U S A INC11.80%$9.5M150,000$63.10$63.10+$9.5M
CORNERSTONE TOTAL RETURN FD7.00%$5.6M725,000$7.71$7.75+$5.3M
ISHARES BITCOIN TRUST ETF2.87%$2.3M37,600$47.61$61.21+$639.7K
CORNERSTONE STRATEGIC INVEST2.78%$2.2M275,000$8.06$8.12+$2.0M

Options Positions (8)

TickerSecurityActionTypeNotional ValueContractsUnderlying PricePremium PaidChange (Contracts)Change (Value)
KRANESHARES TRUSTNew
Put
$15.4M4,500$34.33$34.33+4,500+$15.4M
FOOT LOCKER INCNew
Put
$13.2M5,375$24.50$24.50+5,375+$13.2M
FOOT LOCKER INCNew
Call
$4.7M1,907$24.50$24.50+1,907+$4.7M
WALGREENS BOOTS ALLIANCE INCBought
Call
$4.0M3,442$11.48$11.32+1,632+$3.7M
SKECHERS U S A INCNew
Call
$2.4M6,254$63.10$63.10+6,254+$2.4M

Industry Allocation

REAL ESTATE INVESTMENT TRUSTS
+46.3%
FINANCE SERVICES
+21.9%
MORTGAGE BANKERS & LOAN CORRESPONDENTS
+10.7%
COMMODITY CONTRACTS BROKERS & DEALERS
+4.0%
SERVICES-PREPACKAGED SOFTWARE
+1.7%