Ursa Fund Management, LLC In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), Ursa Fund Management, LLC reported 19 stock positions worth $608.9 million . Its top holding was Microsoft (MSFT) at 33.7% of the portfolio, followed by Micron Technology (MU, 23.7% ) and Tesla (TSLA, 20.7% ). Compared with Q1 2026, it opened 15 new positions, sold out of 5 and added to 4. The biggest buy was a new position in Microsoft (MSFT) and the biggest sale an exit from Penumbra (PEN).
Location Danville, CA
CIK 0001693838
Portfolio Value $608.9M (Q2 2026) Holdings 19 stocks · $608.9M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q1 2026 MSFT Microsoft Corp. 550,000 $205.2M New MU Micron Technology Inc. 125,000 $144.3M New TSLA Tesla Inc. 300,000 $126.2M New AMZN Amazon.com Inc. 150,000 $35.8M New GAB Gabelli Equity Trust 5,555,196 $31.4M Add +1409.9% CLBK Columbia Financial Inc. 1,275,888 $27.1M Add +155.2% NVDA Nvidia Corp. 100,000 $20.0M New EOSE Eos Energy Enterprises Inc. 1,235,459 $7.3M New NFBK Northfield Bancorp Inc. 400,000 $5.9M Add +300.0% IBIT iShares Bitcoin Trust ETF 74,400 $2.5M Add +9.4% OPTU Optimum Communications Inc. Class A 1,407,850 $2.0M New SSTK Shutterstock Inc. 22,138 $309K New RMAX Re/Max Holdings Inc. Class A 25,000 $247K New PLUG Plug Power Inc. filed as PLUG PWR INC 75,000 $203K New INM Inmed Pharmaceuticals Inc. 125,800 $195K New CSIQ Canadian Solar Inc. 10,000 $160K New PSKY Paramount Skydance Class B 10,000 $99K New SPCE Virgin Galactic Holdings Inc. 25,000 $72K New GETY Getty Images Holdings Inc. 44 $38 New
Options reported separately and not counted above: MSFT puts ($205.2M), MU puts ($144.3M), TSLA puts ($126.2M), SPY puts ($56.0M), AMZN puts ($35.8M), CLBK calls ($20.1M), NVDA puts ($20.0M), IWM puts ($15.0M), KRE puts ($12.2M), KRE calls ($12.0M), EOSE puts ($8.9M), RSP calls ($4.3M), and 6 more.
Other holdings (1): bonds, preferreds, convertibles and warrants · $1.6M (not counted above) Total filed on the 13F, all lines: $610.5M.
Portfolio Sells Q1 2026 → Q2 2026 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2026 % Of Portfolio Change To Portfolio ▲ PEN Penumbra Inc. Sold out 0.00% −36.64 SGOV iShares 0-3 Month Treasury B Sold out 0.00% −4.81 WIX Wix.com Ltd. Sold out 0.00% −4.31 XCAFX Morgan Stanley China A Share Sold out 0.00% −3.91 PPLI People Inc. Sold out 0.00% −3.19
Portfolio Buys Q1 2026 → Q2 2026 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2026 % Of Portfolio Change To Portfolio ▼ MSFT Microsoft Corp. New 33.70% +33.70 MU Micron Technology Inc. New 23.70% +23.70 TSLA Tesla Inc. New 20.72% +20.72 AMZN Amazon.com Inc. New 5.87% +5.87 NVDA Nvidia Corp. New 3.29% +3.29 EOSE Eos Energy Enterprises Inc. New 1.19% +1.19 OPTU Optimum Communications Inc. Class A New 0.34% +0.34 SSTK Shutterstock Inc. New 0.05% +0.05 RMAX Re/Max Holdings Inc. Class A New 0.04% +0.04 PLUG Plug Power Inc. New 0.03% +0.03 INM Inmed Pharmaceuticals Inc. New 0.03% +0.03 CSIQ Canadian Solar Inc. New 0.03% +0.03 PSKY Paramount Skydance Class B New 0.02% +0.02 SPCE Virgin Galactic Holdings Inc. New 0.01% +0.01 GETY Getty Images Holdings Inc. New 0.00% 0.00 GAB Gabelli Equity Trust Add +1409.9% 5.16% −1.41 NFBK Northfield Bancorp Inc. Add +300.0% 0.97% −3.35 IBIT iShares Bitcoin Trust ETF Add +9.4% 0.41% −7.92 CLBK Columbia Financial Inc. Add +155.2% 4.45% −23.47
Options Activity Q1 2026 → Q2 2026 Security Type Change vs Q1 2026 Underlying Shares Value ▼ MSFT Microsoft Corp. put New 550,000 $205.2M MU Micron Technology Inc. put New 125,000 $144.3M TSLA Tesla Inc. put New 300,000 $126.2M SPY SS SPDR S&P 500 ETF Trust-US put Add +50.0% 75,000 $56.0M AMZN Amazon.com Inc. put New 150,000 $35.8M CLBK Columbia Financial Inc. call New 944,900 $20.1M NVDA Nvidia Corp. put New 100,000 $20.0M PEN Penumbra Inc. put Sold out 49,800 $16.4Mbefore exit IWM iShares Russell 2000 ETF put Add +66.7% 50,000 $15.0M KRE SS SPDR S&P Regional Bank put Add +63.2% 163,200 $12.2M KRE SS SPDR S&P Regional Bank call Add +60.0% 160,000 $12.0M EOSE Eos Energy Enterprises Inc. put New 1,508,500 $8.9M RSP Invesco S&P 500 Equal Weight call New 20,000 $4.3M BSX Boston Scientific Corp. call New 75,000 $3.2M IBIT iShares Bitcoin Trust ETF put New 70,000 $2.3M OPTU Optimum Communications Inc. Class A put New 1,447,800 $2.1M WIX Wix.com Ltd. put Sold out 20,000 $1.8Mbefore exit XCAFX Morgan Stanley China A Share put Sold out 60,100 $1.8Mbefore exit WOLF Wolfspeed Inc. call Sold out 100,300 $1.6Mbefore exit QXO Qxo Inc. call New 56,000 $968K HAPN Happen Inc. call Sold out 20,000 $286Kbefore exit CLBK Columbia Financial Inc. put New 10,800 $229K GETY Getty Images Holdings Inc. put New 203,100 $175K
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2026 → Q2 2026 Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 19 $608.9M MSFT, MU, TSLA, AMZN, GAB Q1 2026 9 $31.4M PEN, CLBK, IBIT, GAB, SGOV Q4 2025 21 $1.2B MSFT, AAPL, JPM, NVDA, AMZN Q3 2025 9 $50.7M AIV, COOP, IBIT, FBTC, SRG Q2 2025 21 $39.5M KWEB, SKX, CRF, IBIT, CLM Q1 2025 14 $28.2M EQC, AB, LIONS GATE ENTMNT CORP, IBIT, FBTC Q4 2024 9 $556.2M MSFT, AAPL, MSTR, EQC, EDR Q3 2024 8 $32.4M SGOV, BOXX, EDR, SIRI, HHH Q2 2024 5 $32.6M SGOV, BOXX, STHO, LSXMK, SRG Q1 2024 12 $28.5M SRG, EDR, STHO, MANU, NLOP