Beartown Capital Management
HUNTINGTON WOODS, MIfiles as Beartown Capital Management, LLC
$225m in 40 US stocks at the end of 30 June 2026. The top 10 are 72.7% of the money. It changed about 32.7% of the portfolio this quarter.
Value
$225m
Stocks
40
Top 10 share
72.7%
Turnover
32.7%
What changed this quarter
New
Bought for the first time this quarter.
- Bitdeer Technologies GroupBTDR3.5% of the fund
- ImaxIMAX1.9% of the fund
- Hallador EnergyHNRG1.5% of the fund
- MonroMNRO1.5% of the fund
- Ziff DavisZD1.5% of the fund
- InModeINMD1.5% of the fund
- SharonAI HoldingsSHAZ1.4% of the fund
- HIVE Digital TechnologiesHIVE1.3% of the fund
- FermiFRMI1.2% of the fund
- Abivax SAABVX1.2% of the fund
- DoubleDown InteractiveDDI0.7% of the fund
- Digi Power XDGXX0.7% of the fund
- uniQureQURE0.7% of the fund
- Kelly ServicesKELYA0.3% of the fund
Added
Bought more of a stock they already held.
- EchoStarECHO9.5% of the fund+163%
- Galaxy DigitalGLXY9.1% of the fund+1400%
- Porch GroupPRCH4.5% of the fund+3%
- Vistance NetworksVISN4.3% of the fund+88%
- Knot Offshore Partners LPKNOP1.3% of the fund+80%
Cut
Sold some of their stake.
- TerawulfWULF16.4% of the fund-5%
- Hut 8HUT8.7% of the fund-6%
- Core ScientificCORZ8.5% of the fund-12%
- CleansparkCLSK4.8% of the fund-52%
- AnterixATEX3.4% of the fund-25%
- Nebius GroupNBIS1.2% of the fund-89%
- Lands' ENDLE0.2% of the fund-8%
Sold out
Sold their entire stake.
- EnviriNVRI-100%
- Cipher DigitalCIFR-100%
- Comtech TelecommunicationsCMTL-100%
- WM TechnologyMAPS-100%
Holdings
- Knot Offshore Partners LPKNOP
- Share
- 1.3%
- Value
- $3m
- Shares
- 282,982
+80%
- Abivax SAABVX
- Share
- 1.2%
- Value
- $3m
- Shares
- 20,000
New
- Aurora InnovationAUROW
- Share
- <0.1%
- Value
- $9,670
- Shares
- 30,209
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| TerawulfWULF | 16.4% | $37m | 1,500,000 | -5% |
| EchoStarECHO | 9.5% | $21m | 210,000 | +163% |
| Galaxy DigitalGLXY | 9.1% | $21m | 750,000 | +1400% |
| Hut 8HUT | 8.7% | $20m | 170,000 | -6% |
| Core ScientificCORZ | 8.5% | $19m | 750,000 | -12% |
| CleansparkCLSK | 4.8% | $11m | 750,000 | -52% |
| Porch GroupPRCH | 4.5% | $10m | 670,000 | +3% |
| Vistance NetworksVISN | 4.3% | $10m | 750,000 | +88% |
| Bitdeer Technologies GroupBTDR | 3.5% | $8m | 500,000 | New |
| AnterixATEX | 3.4% | $8m | 75,000 | -25% |
| Energy Vault HoldingsNRGV | 2.9% | $7m | 1,400,000 | Held |
| ImaxIMAX | 1.9% | $4m | 110,000 | New |
| Hallador EnergyHNRG | 1.5% | $3m | 200,000 | New |
| MonroMNRO | 1.5% | $3m | 200,000 | New |
| Ziff DavisZD | 1.5% | $3m | 65,000 | New |
| InModeINMD | 1.5% | $3m | 225,000 | New |
| Chain Bridge BancorpCBNA | 1.4% | $3m | 75,794 | Held |
| SharonAI HoldingsSHAZ | 1.4% | $3m | 37,000 | New |
| HIVE Digital TechnologiesHIVE | 1.3% | $3m | 800,000 | New |
| Knot Offshore Partners LPKNOP | 1.3% | $3m | 282,982 | +80% |
| Telephone & Data SystemsTDS | 1.2% | $3m | 75,000 | Held |
| Nebius GroupNBIS | 1.2% | $3m | 10,000 | -89% |
| FermiFRMI | 1.2% | $3m | 300,000 | New |
| Priority Technology HoldingsPRTH | 1.2% | $3m | 400,000 | Held |
| Abivax SAABVX | 1.2% | $3m | 20,000 | New |
| DoubleDown InteractiveDDI | 0.7% | $2m | 144,637 | New |
| Digi Power XDGXX | 0.7% | $2m | 300,000 | New |
| uniQureQURE | 0.7% | $2m | 35,000 | New |
| Rayonier Advanced MaterialsRYAM | 0.7% | $2m | 200,000 | Held |
| BV FinancialBVFL | 0.6% | $1m | 60,616 | Held |
| ComscoreSCOR | 0.4% | $931,408 | 126,207 | Held |
| Kelly ServicesKELYA | 0.3% | $627,066 | 51,064 | New |
| WaldencastWALD | 0.2% | $528,000 | 300,000 | Held |
| Flexible Solutions InternationalFSI | 0.2% | $497,862 | 74,754 | Held |
| Lands' ENDLE | 0.2% | $484,176 | 46,200 | -8% |
| Fuel TechFTEK | 0.1% | $324,183 | 146,689 | Held |
| Orion PropertiesONL | <0.1% | $37,278 | 12,899 | Held |
| Century CasinosCNTY | <0.1% | $12,800 | 10,000 | Held |
| Franklin Street PropertiesFSP | <0.1% | $10,232 | 19,868 | Held |
| Aurora InnovationAUROW | <0.1% | $9,670 | 30,209 | Held |
Options (1)
- Echostar
- Type
- Call
- Value
- $2m
- Contracts
- 20,000
| Company | Type | Value | Contracts |
|---|---|---|---|
| Echostar | Call | $2m | 20,000 |
Over time and by industry
Value over time
Dec '25
Jun '26
Value is up 76.3% since 31 December 2025.
Where the money is
Financial services59.6%
Media & telecom15.6%
Technology12.4%
Health care2.2%
Industrials2.1%
Retail & consumer1.7%
Utilities1.5%
Real estate1.2%
Materials1.2%
Other2.4%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.