Ursa Fund Management provides portfolio management for pooled vehicles. The firm advises 1 private fund.
Ursa Fund Management reports 2 pooled investment vehicles. These counts refer to investment vehicles, rather than the individual investors in them. Of its assets, 100.0% ($1.2B across 2 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Pooled investment vehicles | 100% | 100% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Pooled investment vehicles | 2 | $1.2B | 100.0% | $599M |
| Total | 2 | $1.2B | 100% | $599M |
- Clients
- 2
- Regulatory AUM
- $1.2B
- AUM share
- 100.0%
- Avg. per client
- $599M
Total
- Clients
- 2
- Regulatory AUM
- $1.2B
- AUM share
- 100%
- Avg. per client
- $599M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 1
Ursa Fund Management is paid through performance-based fees; its fees and minimums are set out in its brochures on the SEC website.
Andrew Hahn owns 50% to 75% of Ursa Fund Management. It has 2 employees.
Staff
- 2 employees
- 2 in advisory functions
- Owns 50% to 75% of Ursa Fund Management LLC
Andrew Hahn
Control person · since February 2016
- Owns 25% to 50% of Ursa Fund Management LLC
Russell Douglas
Control person · since February 2016
Ursa Fund Management’s regulatory assets grew from $983M (May 2021) to $1.2B (April 2026); clients were 2 in both filings and employees fell from 3 to 2.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Apr 2026April 2026 | $1.2B | 2 | 2 | 1 |
| Mar 2025March 2025 | $634M | 2 | 2 | 1 |
| May 2024May 2024 | $157M | 2 | 2 | 1 |
| May 2023May 2023 | $203M | 2 | 2 | 1 |
| Mar 2022March 2022 | $502M | 2 | 2 | 1 |
| May 2021May 2021 | $983M | 2 | 3 | 1 |
Besides its headquarters, Ursa Fund Management has 0 offices, with 1 listed address in 1 state.
California · 1 listed address
- 156 Diablo RD, Ste 250, DanvilleHQ
Contact and registration details
- Legal name
- Ursa Fund Management LLC
- Headquarters
- 156 Diablo RD, Ste 250, Danville, CA 94526
- Website
- Not reported
- Phone
- 415-529-6040
- @ursa-fund-management-llc
- SEC file
- 801-110698
- Structure
- Delaware LLC
- Fiscal year end
- December
Ursa Fund Management has custody of $157M for 2 clients.
Ursa Fund Management’s reported 13F holdings for the quarter ended 30 June 2026 total $1.28B across 38 positions; the largest are Microsoft Corp. (16.0%), Microsoft Corp. (put option) (16.0%) and Micron Technology Inc. (11.3%).
How many clients does Ursa Fund Management have?
Ursa Fund Management has 2 clients and manages $1.2 billion for them, as of April 2026. They include 2 pooled investment vehicles.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 17 April 2026
What services does Ursa Fund Management offer?
Ursa Fund Management provides portfolio management for pooled vehicles.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How many financial advisors does Ursa Fund Management have?
Ursa Fund Management has 0 investment adviser representatives registered with state securities authorities, out of 2 employees, and 2 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
Who owns Ursa Fund Management?
Ursa Fund Management’s direct owners are Andrew Hahn (50% to 75%) and Russell Douglas (25% to 50%).
Source: Form ADV Part 1A, Schedules A and B, filed 17 April 2026
How does Ursa Fund Management get paid?
Ursa Fund Management is paid through performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Ursa Fund Management?
Ursa Fund Management’s main office is at 156 Diablo RD, Ste 250, Danville, CA 94526. Its phone number is 415-529-6040.