Ursa Fund Management, LLC
Annual return '25
+14.9%
SPY '25
+17.7%
Alpha
-2.8ptsvs SPY
Invested
$101M
Holdings
29
Trades YTD
0
Performance · Fund vs SPY
Cumulative return · quarterly snapshotsCoverage 98%. 4 quarters of 2025 measured against SPY adj-close benchmark.
Top holdings · current snapshot
Source: 13F-HR01
$SPY
STATE STR SPDR S&P 500 ETF T
Held since at least Q1 2024
32.2%
02
$PEN
PENUMBRA INC
Held since at least Q1 2024
27.6%
03
$CLBK
COLUMBIA FINL INC
Held since at least Q1 2024
8.7%
04
$IWM
ISHARES TR
Q4 2025: Exited (was 15.0k shares)
7.4%
05
$KRE
SPDR SERIES TRUST
Q4 2025: New position (131.6k shares)
6.4%
06
$WIX
WIX COM LTD
Held since at least Q1 2024
3.1%
07
$CAF
MORGAN STANLEY CHINA A SH FD
Held since at least Q1 2024
3.0%
08
$IBIT
ISHARES BITCOIN TRUST ETF
Q4 2025: Exited (was 55.0k shares)
2.6%
09
$GAB
GABELLI EQUITY TR INC
Held since at least Q1 2024
2.0%
10
$WOLF
WOLFSPEED INC
Held since at least Q1 2024
1.6%
Recent trades · Last 90 days
No Form 4 / 13D / 13G trade events on file in the recent window. 13F filers report position snapshots quarterly rather than per-trade events, so this section is most useful for managers who also file Form 4 or 13D/G.
Convergence · Pattern Engine ships in v1.1
30-day windowIn development
Convergence participation lands with the Pattern Engine.
Once the Pattern Engine ships, this section will list every active convergence event this fund is named in — with the other named funds, the Congress members on the same name, and combined position size.
Source data: SEC EDGAR · 13F-HR filings · Performance through 2025-12-31 · Last refreshed 12:14 UTC.