Ursa Fund Management, LLC Hedge Fund

Location: Danville, CA

CIK: 0001693838 · Show all filings

Period: Q3 2025 (← Previous) (Next →)

Filing Date: Nov 14, 2025

Total Value: $89.12M (100.0% shares, 0.0% debt)

Holdings (18)

AIV APARTMENT INVT & MGMT CO 27.6%

Value $24.58M Shares 3,100,000 Est. Cost $7.93 Unrealized —

— MR COOPER GROUP INC 21.9%

Value $19.54M Shares 92,695 Est. Cost $210.79 Unrealized —

AIV APARTMENT INVT & MGMT CO 17.8%

Value $15.86M Shares 2,000,000 Est. Cost $7.93 Unrealized —

RKT ROCKET COS INC 10.7%

Value $9.529M Shares 491,700 Est. Cost — Unrealized —

FBTC FIDELITY WISE ORIGIN BITCOIN 6.7%

Value $5.989M Shares 60,000 Est. Cost $99.81 Unrealized —

IWM ISHARES TR 4.1%

Value $3.629M Shares 15,000 Est. Cost — Unrealized —

IBIT ISHARES BITCOIN TRUST ETF 4.0%

Value $3.575M Shares 55,000 Est. Cost $53.11 Unrealized —

— STRIVE INC 1.6%

Value $1.401M Shares 560,200 Est. Cost — Unrealized —

FBTC FIDELITY WISE ORIGIN BITCOIN 1.1%

Value $998K Shares 10,000 Est. Cost $99.81 Unrealized —

RIOT RIOT PLATFORMS INC 1.1%

Value $952K Shares 50,000 Est. Cost — Unrealized —

— WHEELER REAL ESTATE INVT TR 0.9%

Value $835K Shares 197,292 Est. Cost $4.06 Unrealized —

SRG SERITAGE GROWTH PPTYS 0.8%

Value $723K Shares 170,000 Est. Cost $3.50 Unrealized 0.0%

SMLR SEMLER SCIENTIFIC INC 0.6%

Value $525K Shares 17,500 Est. Cost $34.40 Unrealized 0.0%

PLUG PLUG POWER INC 0.5%

Value $466K Shares 200,000 Est. Cost $1.70 Unrealized 0.0%

SPCE VIRGIN GALACTIC HOLDINGS INC 0.2%

Value $193K Shares 50,000 Est. Cost $3.35 Unrealized 0.0%

— STRIVE INC 0.2%

Value $159K Shares 63,500 Est. Cost — Unrealized —

DDC DDC ENTERPRISE LTD 0.1%

Value $131K Shares 15,400 Est. Cost $7.97 Unrealized +57.5%

MSPRW MSP RECOVERY INC 0.0%

Value $37,757 Shares 18,878,649 Est. Cost $0.09 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AIV	APARTMENT INVT & MGMT CO	3,100,000	$24.58M	27.6%	$7.93	—	CL A	03748R747
—	MR COOPER GROUP INC	92,695	$19.54M	21.9%	$210.79	—	COM	62482R107
AIV	APARTMENT INVT & MGMT CO	2,000,000	$15.86M	17.8%	$7.93	—	Put	03748R747
RKT	ROCKET COS INC	491,700	$9.529M	10.7%	—	—	Put	77311W101
FBTC	FIDELITY WISE ORIGIN BITCOIN	60,000	$5.989M	6.7%	$99.81	—	Put	315948109
IWM	ISHARES TR	15,000	$3.629M	4.1%	—	—	Put	464287655
IBIT	ISHARES BITCOIN TRUST ETF	55,000	$3.575M	4.0%	$53.11	—	SHS BEN INT	46438F101
—	STRIVE INC	560,200	$1.401M	1.6%	—	—	Put	862945102
FBTC	FIDELITY WISE ORIGIN BITCOIN	10,000	$998K	1.1%	$99.81	—	SHS	315948109
RIOT	RIOT PLATFORMS INC	50,000	$952K	1.1%	—	—	Call	767292105
—	WHEELER REAL ESTATE INVT TR	197,292	$835K	0.9%	$4.06	—	CV PFD SER B	963025309
SRG	SERITAGE GROWTH PPTYS	170,000	$723K	0.8%	$3.50	0.0%	CL A	81752R100
SMLR	SEMLER SCIENTIFIC INC	17,500	$525K	0.6%	$34.40	0.0%	COM	81684M104
PLUG	PLUG POWER INC	200,000	$466K	0.5%	$1.70	0.0%	COM NEW	72919P202
SPCE	VIRGIN GALACTIC HOLDINGS INC	50,000	$193K	0.2%	$3.35	0.0%	COM NEW	92766K403
—	STRIVE INC	63,500	$159K	0.2%	—	—	Call	862945102
DDC	DDC ENTERPRISE LTD	15,400	$131K	0.1%	$7.97	+57.5%	CL A ORD SHS	G276AC119
MSPRW	MSP RECOVERY INC	18,878,649	$37,757	0.0%	$0.09	—	*W EXP 05/20/202	553745126