Ursa Fund Management, LLC

Danville, CA · CIK 1693838 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 2017 · limited liability company

As an employer

$610.5m reported value +1767.7% vs Q1 2026

20positions

99.2%in top 10

15 new 5 added 0 reduced 6 sold out vs Q1 2026

Options: 5 call positions ($40.4m notional), 13 put positions ($628.3m notional) – listed below, not included above.

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	MICROSOFT CORP COM MSFT	MSFT	550,000	$205.2m33.61%	33.61%	New
2	MICRON TECHNOLOGY INC COM MU	MU	125,000	$144.3m23.64%	23.64%	New
3	TESLA INC COM TSLA	TSLA	300,000	$126.2m20.67%	20.67%	New
4	AMAZON COM INC COM AMZN	AMZN	150,000	$35.8m5.86%	5.86%	New
5	GABELLI EQUITY TR INC COM GAB	GAB	5,555,196	$31.4m5.15%	5.15%	Added +5.2m	+5,187,272 1409.9%
6	COLUMBIA FINL INC COM COM		1,275,888	$27.1m4.43%	4.43%	Added +775.9k	+775,888 155.2%
7	NVIDIA CORPORATION COM NVDA	NVDA	100,000	$20.0m3.28%	3.28%	New
8	EOS ENERGY ENTERPRISES INC COM CL A EOSE	EOSE	1,235,459	$7.3m1.19%	1.19%	New
9	NORTHFIELD BANCORP INC DEL COM COM		400,000	$5.9m0.97%	0.97%	Added +300.0k	+300,000 300.0%
10	ISHARES BITCOIN TRUST ETF SHS BEN INT IBIT	IBIT	74,400	$2.5m0.41%	0.41%	Added +6.4k	+6,400 9.4%
11	ALTICE USA INC CL A OPTU	OPTU	1,407,850	$2.0m0.33%	0.33%	New
12	WHEELER REAL ESTATE INVT TR CV PFD SER B WHLR 9 PERP B	WHLR 9 PERP B	161,000	$1.6m0.26%	0.26%	Added +1.0k	+1,000 0.6%
13	SHUTTERSTOCK INC COM SSTK	SSTK	22,138	$308.8k0.05%	0.05%	New
14	RE MAX HLDGS INC CL A RMAX	RMAX	25,000	$246.5k0.04%	0.04%	New
15	PLUG POWER INC COM NEW PLUG	PLUG	75,000	$203.2k0.03%	0.03%	New
16	INMED PHARMACEUTICALS INC COM NEW INM	INM	125,800	$195.0k0.03%	0.03%	New
17	CANADIAN SOLAR INC COM CSIQ	CSIQ	10,000	$160.2k0.03%	0.03%	New
18	PARAMOUNT SKYDANCE CORP COM CL B SKYD	SKYD	10,000	$98.6k0.02%	0.02%	New
19	VIRGIN GALACTIC HOLDINGS INC COM NEW SPCE	SPCE	25,000	$72.2k0.01%	0.01%	New
20	GETTY IMAGES HOLDINGS INC CL A COM GETYQ	GETYQ	44	$380.00%	0.00%	New

Security	Ticker	Shares held before	Value then
PENUMBRA INC PEN	PEN	35,000	$11.5m35.0k shares
ISHARES TR SGOV	SGOV	15,000	$1.5m15.0k shares
WIX COM LTD WIX	WIX	15,000	$1.4m15.0k shares
MORGAN STANLEY CHINA A SH FD XCAFX	XCAFX	70,100	$1.2m70.1k shares
IAC INC PPLI	PPLI	25,000	$1.0m25.0k shares
GABELLI EQUITY TR INC GAB-R	GAB-R	29,991,406	$209.9k30.0m shares

Underlying	Ticker	Type	Shares controlled	Notional	Change
MICROSOFT CORP MSFT · Put	MSFT	Put	550,000	$205.2m550.0k shares	New
MICRON TECHNOLOGY INC MU · Put	MU	Put	125,000	$144.3m125.0k shares	New
TESLA INC TSLA · Put	TSLA	Put	300,000	$126.2m300.0k shares	New
SPDR S&P 500 ETF TR SPY · Put	SPY	Put	75,000	$56.0m75.0k shares	Added
AMAZON COM INC AMZN · Put	AMZN	Put	150,000	$35.8m150.0k shares	New
COLUMBIA FINL INC Call		Call	944,900	$20.1m944.9k shares	New
NVIDIA CORPORATION NVDA · Put	NVDA	Put	100,000	$20.0m100.0k shares	New
ISHARES TR IWM · Put	IWM	Put	50,000	$15.0m50.0k shares	Added
SPDR SER TR KRE · Put	KRE	Put	163,200	$12.2m163.2k shares	Added
SPDR SER TR KRE · Call	KRE	Call	160,000	$12.0m160.0k shares	Added
EOS ENERGY ENTERPRISES INC EOSE · Put	EOSE	Put	1,508,500	$8.9m1.5m shares	New
INVESCO EXCHANGE TRADED FD T RSP · Call	RSP	Call	20,000	$4.3m20.0k shares	New
BOSTON SCIENTIFIC CORP BSX · Call	BSX	Call	75,000	$3.2m75.0k shares	New
ISHARES BITCOIN TRUST ETF IBIT · Put	IBIT	Put	70,000	$2.3m70.0k shares	New
ALTICE USA INC OPTU · Put	OPTU	Put	1,447,800	$2.1m1.4m shares	New
QXO INC QXO · Call	QXO	Call	56,000	$967.7k56.0k shares	New
COLUMBIA FINL INC Put		Put	10,800	$229.2k10.8k shares	New
GETTY IMAGES HOLDINGS INC GETYQ · Put	GETYQ	Put	203,100	$174.7k203.1k shares	New