Beartown Capital Management, LLC
Beartown Capital Management, LLC reported 40 US-listed holdings worth $225.4 million in its 13F for the quarter ended 30 June 2026, filed 14 August 2026. Its largest: Terawulf Inc. (16.4%), EchoStar Corp. (9.5%) and Galaxy Digital Inc. Class A (9.1%). Against the quarter before, it opened 14 positions, added to 5, trimmed 7 and sold out of 4.
The 14 largest of its 40 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q1 2026.
What the fund reported holding at each quarter's end; hover a bar for the number of positions
What its reported holdings returned
Held through each quarter, the holdings it reported returned +77.9% over the 2 quarters to 30 June 2026, against +9.5% for the S&P 500.
Not the fund's own return: each 13F's holdings are kept unchanged until the next one, so trades inside a quarter, dividends, cash and fees are left out. A rough guide to how its picks have done over time.
What it did on the quarter
Its positions against its 13F for the quarter to 31 March 2026; a change under 0.1% of a position counts as held
Opened 14
- Bitdeer Technologies Group BTDR$7.9 million
- Imax Corp. IMAX$4.4 million
- Hallador Energy Company HNRG$3.5 million
- Monro Inc. MNRO$3.4 million
- Ziff Davis, Inc. ZD$3.4 million
- Inmode Ltd INMD$3.3 million
- Sharonai Holdings Inc. SHAZ$3.1 million
- Hive Digital Technologies LT HIVE$2.9 million
and 6 more in the table below
Added to 5
- Galaxy Digital Inc. Class A GLXY+700,000 shares · +1400%
- EchoStar Corp. ECHO+130,000 shares · +162%
- Commscope Hldg Co. Inc. VISN+350,000 shares · +88%
- Knot Offshore Partners LP KNOP+125,900 shares · +80%
- Porch Group Inc. PRCH+20,000 shares · +3%
Trimmed 7
- Yandex N V NBIS-80,000 shares · -89%
- Cleanspark Inc. CLSK-800,000 shares · -52%
- Anterix Inc. ATEX-25,000 shares · -25%
- Core Scientific Inc. New CORZ-100,000 shares · -12%
- Terawulf Inc. WULF-75,000 shares · -5%
- Hut 8 Corp. HUT-10,000 shares · -6%
- Lands End Inc. New Com LE-3,800 shares · -8%
Sold out of 4
- Enviri Corp. NVRI$8.3 million last quarter
- Cipher Mining Inc. CIFR$5.1 million last quarter
- Comtech Telecommunications C CMTL$836,245 last quarter
- WM Technology Inc. MAPS$374,553 last quarter
What it holds
| Company | Shares | Value | Of its book | Change in shares |
|---|---|---|---|---|
| Terawulf Inc. WULF | 1.5M | $37.0 million | 16.44% | -75.0K |
| EchoStar Corp. ECHO | 210.0K | $21.3 million | 9.46% | +130.0K |
| Galaxy Digital Inc. Class A GLXY | 750.0K | $20.5 million | 9.10% | +700.0K |
| Hut 8 Corp. HUT | 170.0K | $19.6 million | 8.71% | -10.0K |
| Core Scientific Inc. New CORZ | 750.0K | $19.2 million | 8.52% | -100.0K |
| Cleanspark Inc. CLSK | 750.0K | $10.9 million | 4.84% | -800.0K |
| Porch Group Inc. PRCH | 670.0K | $10.1 million | 4.47% | +20.0K |
| Commscope Hldg Co. Inc. VISN | 750.0K | $9.6 million | 4.25% | +350.0K |
| Bitdeer Technologies Group BTDR | 500.0K | $7.9 million | 3.52% | new |
| Anterix Inc. ATEX | 75.0K | $7.7 million | 3.43% | -25.0K |
| Energy Vault Holdings Inc. NRGV | 1.4M | $6.6 million | 2.93% | no change |
| Imax Corp. IMAX | 110.0K | $4.4 million | 1.95% | new |
| Hallador Energy Company HNRG | 200.0K | $3.5 million | 1.54% | new |
| Monro Inc. MNRO | 200.0K | $3.4 million | 1.52% | new |
| Ziff Davis, Inc. ZD | 65.0K | $3.4 million | 1.51% | new |
| Inmode Ltd INMD | 225.0K | $3.3 million | 1.46% | new |
| Chain Bridge Bancorp Inc. CBNA | 75.8K | $3.2 million | 1.41% | no change |
| Sharonai Holdings Inc. SHAZ | 37.0K | $3.1 million | 1.39% | new |
| Hive Digital Technologies LT HIVE | 800.0K | $2.9 million | 1.29% | new |
| Knot Offshore Partners LP KNOP | 283.0K | $2.8 million | 1.25% | +125.9K |
| Telephone & Data Systems Inc. TDS | 75.0K | $2.8 million | 1.23% | no change |
| Yandex N V NBIS | 10.0K | $2.8 million | 1.23% | -80.0K |
| Fermi Inc. Com FRMI | 300.0K | $2.7 million | 1.22% | new |
| Priority Technology Hldgs in PRTH | 400.0K | $2.7 million | 1.18% | no change |
| Abivax SA ABVX | 20.0K | $2.7 million | 1.18% | new |
| Doubledown Interactive Co. LT DDI | 144.6K | $1.7 million | 0.74% | new |
| Digi PWR X Inc. DGXX | 300.0K | $1.6 million | 0.73% | new |
| Uniqure NV QURE | 35.0K | $1.6 million | 0.72% | new |
| Rayonier Advanced Matls Inc. RYAM | 200.0K | $1.6 million | 0.70% | no change |
| BV Finl Inc. BVFL | 60.6K | $1.3 million | 0.57% | no change |
| Comscore Inc. SCOR | 126.2K | $931,408 | 0.41% | no change |
| Kelly Svcs Inc. KELYA | 51.1K | $627,066 | 0.28% | new |
| Waldencast PLC WALD | 300.0K | $528,000 | 0.23% | no change |
| Flexible Solutions Intl Inc. FSI | 74.8K | $497,862 | 0.22% | no change |
| Lands End Inc. New Com LE | 46.2K | $484,176 | 0.21% | -3.8K |
| Fuel Tech Inc FTEK | 146.7K | $324,183 | 0.14% | no change |
| Orion Office REIT Inc. ONL | 12.9K | $37,278 | 0.02% | no change |
| Century Casinos Inc. CNTY | 10.0K | $12,800 | 0.01% | no change |
| Franklin STR Pptys Corp. FSP | 19.9K | $10,232 | 0.00% | no change |
| Aurora Innovation Inc. AUROW | 30.2K | $9,670 | 0.00% | no change |
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Change is shares against its 13F for the quarter before; the 4 it sold out of are in the box above.Options it reported
| Company | Option | Shares under the options | Value of those shares |
|---|---|---|---|
| Echostar Corp. | Calls | 20.0K | $2.0 million |
1 option lines. A 13F lists calls and puts by the shares they cover and what those shares were worth at the quarter's end, not what the options cost; they are not counted in the holdings above.