# Beartown Capital Management, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1877162. Source: https://holderbook.com/funds/1877162-beartown-capital-management-llc/

- Reported value: $227.4M
- Positions: 41
- Weight of the ten largest: 72.1%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| TERAWULF INC | [WULF](https://holderbook.com/stocks/WULF/) | $37.0M | 1,500,000 | 16.3% | 3 |
| ECHOSTAR CORP | [ECHO](https://holderbook.com/stocks/ECHO/) | $21.3M | 210,000 | 9.4% | 3 |
| GALAXY DIGITAL INC. | [GLXY](https://holderbook.com/stocks/GLXY/) | $20.5M | 750,000 | 9.0% | 2 |
| HUT 8 CORP | [HUT](https://holderbook.com/stocks/HUT/) | $19.6M | 170,000 | 8.6% | 3 |
| CORE SCIENTIFIC INC NEW | [CORZ](https://holderbook.com/stocks/CORZ/) | $19.2M | 750,000 | 8.4% | 3 |
| CLEANSPARK INC | [CLSK](https://holderbook.com/stocks/CLSK/) | $10.9M | 750,000 | 4.8% | 2 |
| PORCH GROUP INC | [PRCH](https://holderbook.com/stocks/PRCH/) | $10.1M | 670,000 | 4.4% | 3 |
| VISTANCE NETWORKS INC | [VISN](https://holderbook.com/stocks/VISN/) | $9.6M | 750,000 | 4.2% | 3 |
| BITDEER TECHNOLOGIES GROUP | [BTDR](https://holderbook.com/stocks/BTDR/) | $7.9M | 500,000 | 3.5% | 2 |
| ANTERIX INC | [ATEX](https://holderbook.com/stocks/ATEX/) | $7.7M | 75,000 | 3.4% | 3 |
| ENERGY VAULT HOLDINGS INC | [NRGV](https://holderbook.com/stocks/NRGV/) | $6.6M | 1,400,000 | 2.9% | 3 |
| IMAX CORP | [IMAX](https://holderbook.com/stocks/IMAX/) | $4.4M | 110,000 | 1.9% | 1 |
| HALLADOR ENERGY COMPANY | [HNRG](https://holderbook.com/stocks/HNRG/) | $3.5M | 200,000 | 1.5% | 1 |
| MONRO INC | [MNRO](https://holderbook.com/stocks/MNRO/) | $3.4M | 200,000 | 1.5% | 1 |
| ZIFF DAVIS INC | [ZD](https://holderbook.com/stocks/ZD/) | $3.4M | 65,000 | 1.5% | 1 |
| INMODE LTD | [INMD](https://holderbook.com/stocks/INMD/) | $3.3M | 225,000 | 1.4% | 1 |
| CHAIN BRIDGE BANCORP INC | [CBNA](https://holderbook.com/stocks/CBNA/) | $3.2M | 75,794 | 1.4% | 3 |
| SHARONAI HOLDINGS INC | [SHAZ](https://holderbook.com/stocks/SHAZ/) | $3.1M | 37,000 | 1.4% | 1 |
| HIVE DIGITAL TECHNOLOGIES LT | [HIVE](https://holderbook.com/stocks/HIVE/) | $2.9M | 800,000 | 1.3% | 1 |
| KNOT OFFSHORE PARTNERS LP | [KNOP](https://holderbook.com/stocks/KNOP/) | $2.8M | 282,982 | 1.2% | 3 |
| TELEPHONE & DATA SYS INC | [TDS](https://holderbook.com/stocks/TDS/) | $2.8M | 75,000 | 1.2% | 3 |
| NEBIUS GROUP N.V. | [NBIS](https://holderbook.com/stocks/NBIS/) | $2.8M | 10,000 | 1.2% | 3 |
| FERMI INC | [FRMI](https://holderbook.com/stocks/FRMI/) | $2.7M | 300,000 | 1.2% | 1 |
| PRIORITY TECHNOLOGY HLDGS IN | [PRTH](https://holderbook.com/stocks/PRTH/) | $2.7M | 400,000 | 1.2% | 3 |
| ABIVAX SA | [ABVX](https://holderbook.com/stocks/ABVX/) | $2.7M | 20,000 | 1.2% | 1 |
| ECHOSTAR CORP | [ECHO](https://holderbook.com/stocks/ECHO/) | $2.0M | 0 | 0.9% | 1 |
| DOUBLEDOWN INTERACTIVE CO LT | [DDI](https://holderbook.com/stocks/DDI/) | $1.7M | 144,637 | 0.7% | 1 |
| DIGI PWR X INC | [DGXX](https://holderbook.com/stocks/DGXX/) | $1.6M | 300,000 | 0.7% | 1 |
| UNIQURE NV | [QURE](https://holderbook.com/stocks/QURE/) | $1.6M | 35,000 | 0.7% | 1 |
| RAYONIER ADVANCED MATLS INC | [RYAM](https://holderbook.com/stocks/RYAM/) | $1.6M | 200,000 | 0.7% | 2 |
| BV FINL INC | [BVFL](https://holderbook.com/stocks/BVFL/) | $1.3M | 60,616 | 0.6% | 3 |
| COMSCORE INC | [SCOR](https://holderbook.com/stocks/SCOR/) | $931.4K | 126,207 | 0.4% | 3 |
| KELLY SVCS INC | [KELYA](https://holderbook.com/stocks/KELYA/) | $627.1K | 51,064 | 0.3% | 1 |
| WALDENCAST PLC | [WALD](https://holderbook.com/stocks/WALD/) | $528.0K | 300,000 | 0.2% | 3 |
| FLEXIBLE SOLUTIONS INTL INC | [FSI](https://holderbook.com/stocks/FSI/) | $497.9K | 74,754 | 0.2% | 3 |
| LANDS END INC NEW | [LE](https://holderbook.com/stocks/LE/) | $484.2K | 46,200 | 0.2% | 2 |
| FUEL TECH INC | [FTEK](https://holderbook.com/stocks/FTEK/) | $324.2K | 146,689 | 0.1% | 3 |
| ORION PROPERTIES INC | [ONL](https://holderbook.com/stocks/ONL/) | $37.3K | 12,899 | 0.0% | 2 |
| CENTURY CASINOS INC | [CNTY](https://holderbook.com/stocks/CNTY/) | $12.8K | 10,000 | 0.0% | 3 |
| FRANKLIN STR PPTYS CORP | [FSP](https://holderbook.com/stocks/FSP/) | $10.2K | 19,868 | 0.0% | 3 |
| AURORA INNOVATION INC | [AUROW](https://holderbook.com/stocks/AUROW/) | $9.7K | 30,209 | 0.0% | 3 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +62.2% | +14.8% | +47.4% | 76% |
| Q1 2026 | +9.7% | -4.6% | +14.3% | 92% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $227.4M | 41 |
| Q1 2026 | $208.6M | 34 |
| Q4 2025 | $138.4M | 39 |