1y return−12.0%S&P 500 +20.9%
3y return−24.6%S&P 500 +68.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2022: $74 against $195 in the S&P 500.2
Ursa Fund Management, LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| MSFTMicrosoft Corp | $205.2M | 33.6% | New |
| MUMicron Technology Inc | $144.3M | 23.6% | New |
| TSLATesla Inc | $126.2M | 20.7% | New |
| AMZNAmazon Com Inc | $35.8M | 5.9% | New |
| GABGabelli Equity Tr Inc | $31.4M | 5.2% | +1409.9% |
| Columbia Finl IncCUSIP 197641103 | $27.1M | 4.4% | +155.2% |
| NVDANvidia Corporation | $20.0M | 3.3% | New |
| EOSEEos Energy Enterprises Inc | $7.3M | 1.2% | New |
| Northfield Bancorp Inc DelCUSIP 66611T108 | $5.9M | 1.0% | +300.0% |
| IBITIshares Bitcoin Trust Etf | $2.5M | 0.4% | +9.4% |
| OPTUOptimum Communications Inc | $2.0M | 0.3% | New |
| Wheeler Real Estate Invt TrCUSIP 963025309 | $1.6M | 0.3% | |
| SSTKShutterstock Inc | $309K | 0.1% | New |
| Re/max Hldgs IncCUSIP 75524W108 | $246K | 0.0% | New |
| PLUGPlug Pwr Inc | $203K | 0.0% | New |
| INMInmed Pharmaceuticals Inc | $195K | 0.0% | New |
| CSIQCanadian Solar Inc | $160K | 0.0% | New |
| SKYDParamount Skydance Corp | $99K | 0.0% | New |
| SPCEVirgin Galactic Holdings Inc | $72K | 0.0% | New |
| GETYGetty Images Holdings Inc | $38 | 0.0% | New |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| Wheeler Real Estate Invt TrCUSIP 963025309 | June 30, 2025 | +152.5% | $1.6M |
| Columbia Finl IncCUSIP 197641103 | March 31, 2026 | +21.2% | $27.1M |
| Northfield Bancorp Inc DelCUSIP 66611T108 | March 31, 2026 | +8.8% | $5.9M |
| GABGabelli Equity Tr Inc | March 31, 2026 | +1.1% | $31.4M |
| IBITIshares Bitcoin Trust Etf | March 31, 2025 | −28.9% | $2.5M |
Sold off last quarter
- PENPenumbra Inc was $11.5M
- SGOVIshares Tr was $1.5M
- Wix Com LtdCUSIP M98068105 was $1.4M
- XCAFXMorgan Stanley China A Sh Fd was $1.2M
- PPLIIac Inc was $1.0M
- GAB-RGabelli Equity Tr Inc was $210K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +4.4% | +14.8% |
| March 31, 2026 | −16.6% | −4.6% |
| December 31, 2025 | −7.6% | +2.4% |
| September 30, 2025 | +9.3% | +7.8% |
| June 30, 2025 | +7.2% | +10.5% |
| March 31, 2025 | −10.6% | −4.6% |
| December 31, 2024 | +1.0% | +2.1% |
| September 30, 2024 | +5.7% | +5.4% |
| June 30, 2024 | −13.8% | +4.0% |
| March 31, 2024 | −6.6% | +10.0% |
| December 31, 2023 | +14.8% | +11.2% |
| September 30, 2023 | −9.3% | −3.6% |
| June 30, 2023 | −4.0% | +8.3% |
| March 31, 2023 | +2.1% | +7.0% |
| September 30, 2022 | −5.9% | −5.3% |
| June 30, 2022 | −4.6% | −16.5% |
| March 31, 2022 | −0.1% | −4.9% |
| September 30, 2021 | +34.8% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Ursa Fund Management, LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1693838&type=13F-HR&dateb=&owner=include&count=40CIK 1693838
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1693838/000169383826000004/Filed August 14, 2026 · accession 0001693838-26-000004