Beartown Capital Management, LLC
Sector Allocation
- Financials55.1%$124.2M
- Technology16.9%$38.2M
- Communication Services15.6%$35.2M
- Healthcare3.4%$7.6M
- Industrials3.3%$7.4M
- Consumer Discretionary1.7%$3.9M
- Utilities1.5%$3.5M
- Real Estate1.2%$2.8M
- Materials0.9%$2.1M
- Consumer Staples0.2%$528,000
AUM History
13fpro.ai/research/fund/beartown-capital-management-llc-1877162
Conviction and streaks
Diversifying · top 10 = 72.7%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
WULF
$37.0MECHO
$21.3MGLXY
$20.5MHUT
$19.6MCORZ
$19.2MCLSK
$10.9MPRCH
$10.1MVISN
$9.6MBTDR
$7.9MATEX
$7.7MNRGV
$6.6MIMAX
$4.4MHNRG
$3.5MMNRO
$3.4MZD
$3.4MINMD
$3.3MCBNA
$3.2MSHAZ
$3.1MHIVE
$2.9MKNOP
$2.8M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/beartown-capital-management-llc-1877162
Beartown Capital Management, LLC 13F holdings — Q2 2026
$227.4M portfolio (+9.0% QoQ) · 41 holdings · Q2 2026 13F · top 10 are 73% of the stock portfolio
Includes $2.0M of put/call options ($0 puts, $2.0M calls), which 13F rules report at the value of the underlying shares, not the premium at risk. Stocks alone: $225.4M. Weights use the stock portfolio.
$37.0M
16.4% of stocks
-5%This quarter-31.1%Since filed3+ qtrsHeldAIQuality32.8#2,386Est. buyEstimated buy price is Pro: unlock with a free trialTrimmed 2 qtrs in a row$21.3M
9.5% of stocks
+163%This quarter-2.9%Since filed3+ qtrsHeld$20.5M
9.1% of stocks
+1400%This quarter-27.6%Since filed2 qtrsHeld$19.6M
8.7% of stocks
-6%This quarter-26.3%Since filed3+ qtrsHeldAIQuality38.6#2,176Est. buyEstimated buy price is Pro: unlock with a free trialTrimmed 2 qtrs in a row$19.2M
8.5% of stocks
-12%This quarter-33.0%Since filed3+ qtrsHeld$10.9M
4.8% of stocks
-52%This quarter-35.7%Since filed2 qtrsHeld$10.1M
4.5% of stocks
+3%This quarter-0.1%Since filed3+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialAdded 2 qtrs in a row$9.6M
4.3% of stocks
+88%This quarter-45.5%Since filed3+ qtrsHeld$7.9M
3.5% of stocks
NewThis quarter-22.4%Since filedNew this quarterHeld$7.7M
3.4% of stocks
-25%This quarter-13.0%Since filed3+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialTrimmed 2 qtrs in a row
All holdings — Beartown Capital Management, LLC (Q2 2026)
41 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | Energy Vault Holdings, Inc. | Technology | $6.6M | 2.9% | 1.40M | — | 3+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 12 | IMAX CORP | Technology | $4.4M | 1.9% | 110K | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | HALLADOR ENERGY CO | Utilities | $3.5M | 1.5% | 200K | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | MONRO, INC. | Consumer Discretionary | $3.4M | 1.5% | 200K | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | ZIFF DAVIS, INC. | Communication Services | $3.4M | 1.5% | 65K | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | InMode Ltd. | Healthcare | $3.3M | 1.5% | 225K | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | CHAIN BRIDGE BANCORP INC | Financials | $3.2M | 1.4% | 76K | — | 3+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | SharonAI Holdings Inc. | Technology | $3.1M | 1.4% | 37K | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | HIVE Digital Technologies Ltd. | Financials | $2.9M | 1.3% | 800K | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | KNOT Offshore Partners LPlp unit | Industrials | $2.8M | 1.3% | 283K | +80% | 3+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | TELEPHONE & DATA SYSTEMS INC /DE/ | Communication Services | $2.8M | 1.2% | 75K | — | 3+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | Nebius Group N.V. | Technology | $2.8M | 1.2% | 10K | -89% | 3+ qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | Fermi Inc. | Real Estate | $2.7M | 1.2% | 300K | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | Priority Technology Holdings, Inc. | Industrials | $2.7M | 1.2% | 400K | — | 3+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | Abivax S.A.adr | Healthcare | $2.7M | 1.2% | 20K | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $ECHO CALL | EchoStar CORP | Communication Services | $2.0M | — | 20K | — | |||
| 27 | $DDI | DoubleDown Interactive Co., Ltd. | Technology | $1.7M | 0.7% | 145K | New | |||
| 28 | $DGXX | Digi Power X Inc. | Financials | $1.6M | 0.7% | 300K | New | |||
| 29 | $QURE | uniQure N.V. | Healthcare | $1.6M | 0.7% | 35K | New | |||
| 30 | $RYAM | RAYONIER ADVANCED MATERIALS INC. | Materials | $1.6M | 0.7% | 200K | — | |||
| 31 | $BVFL | BV Financial, Inc. | Financials | $1.3M | 0.6% | 61K | — | |||
| 32 | $SCOR | COMSCORE, INC. | Industrials | $931K | 0.4% | 126K | — | |||
| 33 | $KELYA | KELLY SERVICES INC | Industrials | $627K | 0.3% | 51K | New | |||
| 34 | $WALD | Waldencast plc | Consumer Staples | $528K | 0.2% | 300K | — | |||
| 35 | $FSI | FLEXIBLE SOLUTIONS INTERNATIONAL INC | Materials | $498K | 0.2% | 75K | — | |||
| 36 | $LE | LANDS' END, INC. | Consumer Discretionary | $484K | 0.2% | 46K | -8% | |||
| 37 | $FTEK | FUEL TECH, INC. | Industrials | $324K | 0.1% | 147K | — | |||
| 38 | $ONL | Orion Properties Inc. | Real Estate | $37K | 0.0% | 13K | — | |||
| 39 | $CNTY | CENTURY CASINOS INC /CO/ | Consumer Discretionary | $13K | 0.0% | 10K | — | |||
| 40 | $FSP | FRANKLIN STREET PROPERTIES CORP /MA/ | Real Estate | $10K | 0.0% | 20K | — | |||
| 41 | $AUR | Aurora Innovation, Inc. | Technology | $10K | 0.0% | 30K | — |
What changed in Q2 2026
Against the previous quarter's 13F: 14 new, 5 added to, 7 trimmed, 15 sold out. Share-count changes; largest moves by dollar size first.
New positions (14)
$BTDRBitdeer Technologies Group$7.9M
first bought this quarter
$IMAXIMAX CORP$4.4M
first bought this quarter
$HNRGHALLADOR ENERGY CO$3.5M
first bought this quarter
$MNROMONRO, INC.$3.4M
first bought this quarter
$ZDZIFF DAVIS, INC.$3.4M
first bought this quarter
$INMDInMode Ltd.$3.3M
first bought this quarter
+8 more in the Excel export
Added to (5)
$GLXYGalaxy Digital Inc.+1400%
now $20.5M · held 2 qtrs, 2 adds in a row
$ECHOEchoStar CORP+163%
now $21.3M · held 3+ qtrs
$VISNVistance Networks, Inc.+88%
now $9.6M · held 3+ qtrs
$KNOPKNOT Offshore Partners LP+80%
now $2.8M · held 3+ qtrs
$PRCHPorch Group, Inc.+3%
now $10.1M · held 3+ qtrs, 2 adds in a row
Trimmed (7)
$NBISNebius Group N.V.-89%
now $2.8M · held 3+ qtrs, 2 trims in a row
$CLSKCLEANSPARK, INC.-52%
now $10.9M · held 2 qtrs
$ATEXAnterix Inc.-25%
now $7.7M · held 3+ qtrs, 2 trims in a row
$CORZCore Scientific, Inc./tx-12%
now $19.2M · held 3+ qtrs
$WULFTERAWULF INC.-5%
now $37.0M · held 3+ qtrs, 2 trims in a row
$HUTHut 8 Corp.-6%
now $19.6M · held 3+ qtrs, 2 trims in a row
+1 more in the Excel export
Holdings by quarter
Every 13F Beartown Capital Management, LLC has filed, 2 earlier quarters. Pick one to see what it held then.
Is it too late to follow Beartown Capital Management?
Q2 2026 13F filed with the SEC on Aug 14, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of Beartown Capital Management's top 20 holdings: 41/100 (our AI quality score, weighted by position size; 17 of the 20 are scored)
Top 10 since filing
-24.6%
Value-weighted move of the 10 largest stock positions
Turnover
32%
Last quarter
Top 10 weight
73%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
0%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q4 2025 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
Beartown Capital Management, LLC disclosed 41 positions worth $227.4M in its Form 13F-HR for Q2 2026 — $225.4M in common stock plus $2.0M of put/call option positions (reported at underlying notional value, not premium at risk), led by $WULF (TERAWULF INC.) at 16.4% of the equity portfolio, followed by $ECHO and $GLXY. During the quarter the fund opened 14 new positions and exited 15 — including a new stake in $BTDR and a full exit from $SPY. The portfolio is most concentrated in Financials (55.1% of disclosed assets). All figures are sourced directly from Beartown Capital Management, LLC’s Form 13F-HR filing with the SEC under CIK 1877162.
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