Ursa Fund Management, LLC Hedge Fund

Location: Danville, CA

CIK: 0001693838 · Show all filings

Period: Q1 2026 (← Previous) (Next →)

Filing Date: May 15, 2026

Total Value: $108M (100.0% shares, 0.0% debt)

Holdings (20)

SPY STATE STR SPDR S&P 500 ETF T 30.2%

Value $32.52M Shares 50,000 Est. Cost — Unrealized —

PEN PENUMBRA INC 15.2%

Value $16.35M Shares 49,800 Est. Cost $339.56 Unrealized 0.0%

PEN PENUMBRA INC 10.7%

Value $11.49M Shares 35,000 Est. Cost $339.56 Unrealized 0.0%

CLBK COLUMBIA FINL INC 8.1%

Value $8.755M Shares 500,000 Est. Cost $16.91 Unrealized 0.0%

IWM ISHARES TR 6.9%

Value $7.44M Shares 30,000 Est. Cost — Unrealized —

KRE SPDR SERIES TRUST 6.1%

Value $6.515M Shares 100,000 Est. Cost — Unrealized —

KRE SPDR SERIES TRUST 6.1%

Value $6.515M Shares 100,000 Est. Cost — Unrealized —

IBIT ISHARES BITCOIN TRUST ETF 2.4%

Value $2.613M Shares 68,000 Est. Cost $50.67 Unrealized —

— GABELLI EQUITY TR INC 1.9%

Value $2.06M Shares 367,924 Est. Cost $5.60 Unrealized —

WIX WIX COM LTD 1.7%

Value $1.801M Shares 20,000 Est. Cost $81.46 Unrealized 0.0%

— MORGAN STANLEY CHINA A SH FD 1.7%

Value $1.782M Shares 60,100 Est. Cost $17.50 Unrealized —

WOLF WOLFSPEED INC 1.5%

Value $1.637M Shares 100,300 Est. Cost — Unrealized —

SGOV ISHARES TR 1.4%

Value $1.51M Shares 15,000 Est. Cost $100.66 Unrealized —

NFBK NORTHFIELD BANCORP INC DEL 1.3%

Value $1.354M Shares 100,000 Est. Cost $12.56 Unrealized 0.0%

WIX WIX COM LTD 1.3%

Value $1.351M Shares 15,000 Est. Cost $81.46 Unrealized 0.0%

— MORGAN STANLEY CHINA A SH FD 1.1%

Value $1.227M Shares 70,100 Est. Cost $17.50 Unrealized —

— WHEELER REAL ESTATE INVT TR 1.0%

Value $1.112M Shares 160,000 Est. Cost $4.26 Unrealized —

IAC IAC INC 0.9%

Value $1.001M Shares 25,000 Est. Cost $35.02 Unrealized +7.6%

LC LENDINGCLUB ISSUANCE TR SER 0.3%

Value $286K Shares 20,000 Est. Cost $17.67 Unrealized +2.8%

GAB-R GABELLI EQUITY TR INC 0.2%

Value $210K Shares 29,991,406 Est. Cost $0.01 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SPY	STATE STR SPDR S&P 500 ETF T	50,000	$32.52M	30.2%	—	—	Put	78462F103
PEN	PENUMBRA INC	49,800	$16.35M	15.2%	$339.56	0.0%	Put	70975L107
PEN	PENUMBRA INC	35,000	$11.49M	10.7%	$339.56	0.0%	COM	70975L107
CLBK	COLUMBIA FINL INC	500,000	$8.755M	8.1%	$16.91	0.0%	COM	197641103
IWM	ISHARES TR	30,000	$7.44M	6.9%	—	—	Put	464287655
KRE	SPDR SERIES TRUST	100,000	$6.515M	6.1%	—	—	Call	78464A698
KRE	SPDR SERIES TRUST	100,000	$6.515M	6.1%	—	—	Put	78464A698
IBIT	ISHARES BITCOIN TRUST ETF	68,000	$2.613M	2.4%	$50.67	—	SHS BEN INT	46438F101
—	GABELLI EQUITY TR INC	367,924	$2.06M	1.9%	$5.60	—	COM	362397101
WIX	WIX COM LTD	20,000	$1.801M	1.7%	$81.46	0.0%	Put	M98068105
—	MORGAN STANLEY CHINA A SH FD	60,100	$1.782M	1.7%	$17.50	—	Put	617468103
WOLF	WOLFSPEED INC	100,300	$1.637M	1.5%	—	—	Call	97785W106
SGOV	ISHARES TR	15,000	$1.51M	1.4%	$100.66	—	0-3 MNTH TREASRY	46436E718
NFBK	NORTHFIELD BANCORP INC DEL	100,000	$1.354M	1.3%	$12.56	0.0%	COM	66611T108
WIX	WIX COM LTD	15,000	$1.351M	1.3%	$81.46	0.0%	SHS	M98068105
—	MORGAN STANLEY CHINA A SH FD	70,100	$1.227M	1.1%	$17.50	—	COM	617468103
—	WHEELER REAL ESTATE INVT TR	160,000	$1.112M	1.0%	$4.26	—	CV PFD SER B	963025309
IAC	IAC INC	25,000	$1.001M	0.9%	$35.02	+7.6%	COM NEW	44891N208
LC	LENDINGCLUB ISSUANCE TR SER	20,000	$286K	0.3%	$17.67	+2.8%	Call	52603A208
GAB-R	GABELLI EQUITY TR INC	29,991,406	$210K	0.2%	$0.01	—	RIGHT 04/14/2026	362397226