Q4 2025 · 13F-HR
Ursa Fund Management, LLCholdings as filed
Filed 2026-02-17 · accession 0001693838-26-000002
$2.44B
Reported value
44
Positions
2025-12-31
Period end
The Brief · Ursa Fund Management, LLC · Q4 2025
AI · grounded in 13F
Ursa Fund Management, LLC established a new position in MSFT valued at $1.31B. The fund also opened new stakes in AAPL for $271.86M and JPM for $238.44M. On the sell side, the fund closed its positions in 07WA and RKT, while trimming its holding in AIV by 91.69%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 594918104 | MSFT | MICROSOFT CORP | $657.4M | 27.0% | 1,359,400 | PUT | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $646.8M | 26.5% | 1,337,400 | Common | SOLE |
| 037833100 | AAPL | APPLE INC | $135.9M | 5.57% | 500,000 | PUT | SOLE |
| 037833100 | AAPL | APPLE INC | $135.9M | 5.57% | 500,000 | Common | SOLE |
| 46625H100 | JPM | JPMORGAN CHASE & CO. | $119.2M | 4.89% | 370,000 | Common | SOLE |
| 46625H100 | JPM | JPMORGAN CHASE & CO. | $119.2M | 4.89% | 370,000 | PUT | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $108.3M | 4.44% | 580,900 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $108.3M | 4.44% | 580,900 | PUT | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $53.9M | 2.21% | 233,500 | PUT | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $53.9M | 2.21% | 233,500 | Common | SOLE |
| 02079K305 | GOOGL | ALPHABET INC | $47.0M | 1.93% | 150,000 | Common | SOLE |
| 02079K305 | GOOGL | ALPHABET INC | $47.0M | 1.93% | 150,000 | PUT | SOLE |
| 30303M102 | META | META PLATFORMS INC | $39.6M | 1.62% | 60,000 | PUT | SOLE |
| 30303M102 | META | META PLATFORMS INC | $36.3M | 1.49% | 55,000 | CALL | SOLE |
| 88160R101 | TSLA | TESLA INC | $22.9M | 0.94% | 50,900 | Common | SOLE |
| 88160R101 | TSLA | TESLA INC | $22.8M | 0.93% | 50,900 | PUT | SOLE |
| 464287655 | IWM | ISHARES TR | $12.3M | 0.50% | 50,000 | PUT | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $10.6M | 0.44% | 22,000 | CALL | SOLE |
| 500767306 | KWEB | KRANESHARES TRUST | $10.2M | 0.42% | 300,000 | CALL | SOLE |
| 500767306 | KWEB | KRANESHARES TRUST | $10.2M | 0.42% | 300,000 | PUT | SOLE |
| 64110L106 | NFLX | NETFLIX INC | $5.3M | 0.22% | 57,000 | Common | SOLE |
| 64110L106 | NFLX | NETFLIX INC | $5.3M | 0.22% | 57,000 | PUT | SOLE |
| 37954Y871 | URA | GLOBAL X FDS | $3.7M | 0.15% | 85,700 | Common | SOLE |
| 30303M102 | META | META PLATFORMS INC | $3.3M | 0.14% | 5,000 | Common | SOLE |
| 37954Y871 | URA | GLOBAL X FDS | $3.2M | 0.13% | 75,000 | PUT | SOLE |
| 44891N208 | IAC | IAC INC | $2.9M | 0.12% | 75,000 | Common | SOLE |
| 46438F101 | IBIT | ISHARES BITCOIN TRUST ETF | $2.8M | 0.12% | 57,200 | Common | SOLE |
| 03748R747 | AIV | APARTMENT INVT & MGMT CO | $2.5M | 0.10% | 423,600 | Common | SOLE |
| 032108649 | SILJ | AMPLIFY ETF TR | $2.3M | 0.09% | 81,500 | Common | SOLE |
| 36164V602 | GLIBA | GCI LIBERTY INC | $2.1M | 0.08% | 55,700 | CALL | SOLE |
| 315948109 | FBTC | FIDELITY WISE ORIGIN BITCOIN | $1.5M | 0.06% | 20,000 | Common | SOLE |
| 37954Y848 | SIL | GLOBAL X FDS | $1.4M | 0.06% | 16,900 | PUT | SOLE |
| 37954Y848 | SIL | GLOBAL X FDS | $1.4M | 0.06% | 16,900 | Common | SOLE |
| 963025309 | WHLR 9 PERP B | WHEELER REAL ESTATE INVT TR | $771,192 | 0.03% | 148,592 | Common | SOLE |
| 767292105 | RIOT | RIOT PLATFORMS INC | $633,500 | 0.03% | 50,000 | CALL | SOLE |
| 81752R100 | SRG | SERITAGE GROWTH PPTYS | $552,500 | 0.02% | 170,000 | Common | SOLE |
| 52603A208 | LC | LENDINGCLUB CORP | $378,800 | 0.02% | 20,000 | CALL | SOLE |
| 52603A208 | LC | LENDINGCLUB CORP | $189,400 | 0.01% | 10,000 | Common | SOLE |
| 37954Y830 | COPX | GLOBAL X FDS | $172,296 | 0.01% | 2,400 | PUT | SOLE |
| 85208P873 | SLVR | SPROTT FDS TR | $158,688 | 0.01% | 1,900 | PUT | SOLE |
| 37954Y830 | COPX | GLOBAL X FDS | $136,401 | 0.01% | 1,900 | Common | SOLE |
| 862945102 | ASST | STRIVE INC | $111,000 | 0.00% | 150,000 | CALL | SOLE |
| 85208P873 | SLVR | SPROTT FDS TR | $106,020 | 0.00% | 1,900 | Common | SOLE |
| 862945102 | ASST | STRIVE INC | $32,841 | 0.00% | 44,500 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.