Beartown Capital Management, LLC — 13F Holdings & Portfolio
CIK 1877162 · latest 13F-HR filed 2026-08-14
Beartown Capital Management, LLC manages $227.4M in 13F-reported U.S. long-equity assets across 41 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are WULF (16.29%), ECHO (9.37%), GLXY (9.02%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 14 new positions and exited 4; 19 existing positions rose in reported value and 7 fell.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
Long-equity book
Distinct positions
Filed 2026-08-14
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q2 26Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q1 26 → Q2 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
3 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 72.7%Cumulative share of the portfolio held in the largest N positions.
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| BLOCK FAMILY REVOCABLE TRUST Control | OWNER | 75% or more | Domestic Entity |
| BLOCK, ADAM, L Control | GRANTOR AND TRUSTEE | 75% or more | Individual |
| BLOCK, ADAM, L Control | FOUNDER & CHIEF INVESTMENT OFFICER | Less than 5% | Individual |
| BLOCK, ILANA, C Control | GRANTOR AND TRUSTEE | 75% or more | Individual |
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- GALAXY DIGITAL INC.$19.6M +2122.8%
- TERAWULF INC$14.3M +63.0%
- ECHOSTAR CORP$11.9M +127.6%
- HUT 8 CORP$11.2M +132.4%
- CORE SCIENTIFIC INC NEW$6.5M +50.9%
Top Trims
- NEBIUS GROUP N.V.-$6.6M -70.4%
- CLEANSPARK INC-$2.3M -17.3%
- RAYONIER ADVANCED MATLS INC-$642.0K -29.0%
- TELEPHONE & DATA SYS INC-$381.8K -12.1%
- LANDS END INC NEW-$77.8K -13.8%
New Positions
- BITDEER TECHNOLOGIES GROUP$7.9M
- IMAX CORP$4.4M
- HALLADOR ENERGY COMPANY$3.5M
- MONRO INC$3.4M
- ZIFF DAVIS INC$3.4M
Exited Positions
- ENVIRI CORP$8.3M
- CIPHER DIGITAL INC$5.1M
- COMTECH TELECOMMUNICATIONS C$836.2K
- WM TECHNOLOGY INC$374.6K
Beartown Capital Management, LLC Holdings (2026-06-30)
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | TERAWULF INC | WULF | 88080T104 | $37.0M | 16.29% | 1,500,000 | SH |
| 2 | ECHOSTAR CORP | ECHO | 278768106 | $21.3M | 9.37% | 210,000 | SH |
| 3 | GALAXY DIGITAL INC. | GLXY | 36317J209 | $20.5M | 9.02% | 750,000 | SH |
| 4 | HUT 8 CORP | HUT | 44812J104 | $19.6M | 8.63% | 170,000 | SH |
| 5 | CORE SCIENTIFIC INC NEW | CORZ | 21874A106 | $19.2M | 8.44% | 750,000 | SH |
| 6 | CLEANSPARK INC | CLSK | 18452B209 | $10.9M | 4.80% | 750,000 | SH |
| 7 | PORCH GROUP INC | PRCH | 733245104 | $10.1M | 4.43% | 670,000 | SH |
| 8 | VISTANCE NETWORKS INC | VISN | 20337X109 | $9.6M | 4.21% | 750,000 | SH |
| 9 | BITDEER TECHNOLOGIES GROUP | BTDR | G11448100 | $7.9M | 3.49% | 500,000 | SH |
| 10 | ANTERIX INC | ATEX | 03676C100 | $7.7M | 3.39% | 75,000 | SH |
| 11 | ENERGY VAULT HOLDINGS INC | NRGV | 29280W109 | $6.6M | 2.90% | 1,400,000 | SH |
| 12 | IMAX CORP | IMAX | 45245E109 | $4.4M | 1.93% | 110,000 | SH |
| 13 | HALLADOR ENERGY COMPANY | HNRG | 40609P105 | $3.5M | 1.53% | 200,000 | SH |
| 14 | MONRO INC | MNRO | 610236101 | $3.4M | 1.50% | 200,000 | SH |
| 15 | ZIFF DAVIS INC | ZD | 48123V102 | $3.4M | 1.50% | 65,000 | SH |
| 16 | INMODE LTD | INMD | M5425M103 | $3.3M | 1.45% | 225,000 | SH |
| 17 | CHAIN BRIDGE BANCORP INC | CBNA | 15746L100 | $3.2M | 1.40% | 75,794 | SH |
| 18 | SHARONAI HOLDINGS INC | SHAZ | 778920306 | $3.1M | 1.38% | 37,000 | SH |
| 19 | HIVE DIGITAL TECHNOLOGIES LT | HIVE | 433921103 | $2.9M | 1.28% | 800,000 | SH |
| 20 | KNOT OFFSHORE PARTNERS LP | KNOP | Y48125101 | $2.8M | 1.24% | 282,982 | SH |
| 21 | TELEPHONE & DATA SYS INC | TDS | 879433829 | $2.8M | 1.22% | 75,000 | SH |
| 22 | NEBIUS GROUP N.V. | NBIS | N97284108 | $2.8M | 1.21% | 10,000 | SH |
| 23 | FERMI INC | FRMI | 314911108 | $2.7M | 1.21% | 300,000 | SH |
| 24 | PRIORITY TECHNOLOGY HLDGS IN | PRTH | 74275G107 | $2.7M | 1.17% | 400,000 | SH |
| 25 | ABIVAX SA | ABVX | 00370M103 | $2.7M | 1.17% | 20,000 | SH |
| 26 | ECHOSTAR CORP Call | — | 278768906 | $2.0M | 0.89% | 20,000 | SH |
| 27 | DOUBLEDOWN INTERACTIVE CO LT | DDI | 25862B109 | $1.7M | 0.73% | 144,637 | SH |
| 28 | DIGI PWR X INC | DGXX | 25380B102 | $1.6M | 0.72% | 300,000 | SH |
| 29 | UNIQURE NV | QURE | N90064101 | $1.6M | 0.71% | 35,000 | SH |
| 30 | RAYONIER ADVANCED MATLS INC | RYAM | 75508B104 | $1.6M | 0.69% | 200,000 | SH |
| 31 | BV FINL INC | BVFL | 05603E208 | $1.3M | 0.56% | 60,616 | SH |
| 32 | COMSCORE INC | SCOR | 20564W204 | $931.4K | 0.41% | 126,207 | SH |
| 33 | KELLY SVCS INC | KELYA | 488152208 | $627.1K | 0.28% | 51,064 | SH |
| 34 | WALDENCAST PLC | WALD | G9503X103 | $528.0K | 0.23% | 300,000 | SH |
| 35 | FLEXIBLE SOLUTIONS INTL INC | FSI | 33938T104 | $497.9K | 0.22% | 74,754 | SH |
| 36 | LANDS END INC NEW | LE | 51509F105 | $484.2K | 0.21% | 46,200 | SH |
| 37 | FUEL TECH INC | FTEK | 359523107 | $324.2K | 0.14% | 146,689 | SH |
| 38 | ORION PROPERTIES INC | ONL | 68629Y103 | $37.3K | 0.02% | 12,899 | SH |
| 39 | CENTURY CASINOS INC | CNTY | 156492100 | $12.8K | 0.01% | 10,000 | SH |
| 40 | FRANKLIN STR PPTYS CORP | FSP | 35471R106 | $10.2K | 0.00% | 19,868 | SH |
| 41 | AURORA INNOVATION INC | AUROW | 051774115 | $9.7K | 0.00% | 30,209 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | $227.4M | 41 | 0001398344-26-014577 |
| 2026-03-31 | 2026-05-14 | $208.6M | 42 | 0001398344-26-009146 |
| 2025-12-31 | 2026-02-18 | $138.4M | 44 | 0001398344-26-003321 |
HUNTINGTON WOODS, MI 48070