Ursa Fund Partners LP
Ursa Fund Partners LP is a hedge fund based in Danville, California. According to its most recent Form D, filed Feb 10, 2026, the fund has sold $693,098,680 of interests to 84 investors since its first sale in Apr 2016. The filing does not set a minimum investment. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Andrew Hahn; Russell Douglas; Ursa Fund Management LLC.
Performance
No verified returns have been reported for this fund. As a rough guide, Ursa Fund Management LLC, which manages it, disclosed U.S. stock holdings that returned an estimated -11.3% 2026 YTD through Jun 30 (S&P 500: +9.5%), based only on its public 13F filings. Over a longer period, Q3 2024 to Q2 2026, the estimate is +124.1% (S&P 500: +37.2%).
This estimate covers the firm's whole disclosed long U.S. stock portfolio. It is not this fund's return and excludes dividends, fees, shorts, derivatives, bonds, cash and trading within each quarter.
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- Total raised
- $693,098,680Cumulative sales reported on Form D
- Investors
- 84
- First sale
- Apr 1, 2016
- Minimum investment
- None set
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Andrew Hahn; Russell Douglas; Ursa Fund Management LLC
- Latest Form D
- Feb 10, 2026
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about Ursa Fund Partners LP
What is the minimum investment for Ursa Fund Partners LP?
Ursa Fund Partners LP's latest Form D, filed Feb 10, 2026, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Ursa Fund Partners LP?
Ursa Fund Partners LP is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(b), which does not allow general advertising.
How much has Ursa Fund Partners LP raised?
Ursa Fund Partners LP reports $693,098,680 sold from 84 investors on its Form D filed Feb 10, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Ursa Fund Partners LP based?
Ursa Fund Partners LP is based in Danville, California and is managed by Ursa Fund Management LLC.
When did Ursa Fund Partners LP launch?
Ursa Fund Partners LP reports its first sale in Apr 2016.
Size compared with every hedge fund
Raised more than 90% of the 1,060 hedge funds based in California, and more than 86% of all 10,307 that report sales.