CIK: 0001877162
Total reported value
$208.6M
Reporting period: 2026-03-31 · Number of holdings: 42
Beartown Capital Management, LLC disclosed 42 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $208.6M and a quarterly turnover rate of 67.2%.
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Beartown Capital Management, LLC's disclosed holdings carry a Herfindahl concentration index of 0.077 — mathematically equivalent to about 13 equally-sized positions, well below its 42 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.29), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 57% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Trim ECHO
-33.3% -$4.6M
Trim WULF
-13.5% $2.4M
Trim HUT
-21.2% -$2.3M
Trim NBIS
-22.6% -$523.1K
Trim VISN
0.0% $28.0K
Trim HA7
0.0% $718.1K
Showing top 34 holdings (of 42 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | WULF | Terawulf INC | Stock-Financials | 14.35% | -5.58% | -13.54% | |
| 2 | CLSK | Cleanspark INC | Stock-Financials | 13.26% | +13.26% | NEW | |
| 3 | CORZ | Core Scientific INC | Stock-Tech | 10.40% | -0.12% | +45.00% | |
| 4 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 9.35% | +9.35% | NEW | |
| 5 | NBIS | Nebius Group NV | Stock-Other | 5.97% | -3.41% | -22.58% | |
| 6 | ECHO | Echostar Corp-a | Stock-Comm Services | 5.61% | -6.17% | -33.33% | |
| 7 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 5.53% | +5.53% | NEW | |
| 8 | HUT | Hut 8 CORP | Stock-Financials | 4.61% | -4.02% | -21.15% | |
| 9 | ✓ | Bitdeer Technologies Group | Stock-Other | 4.15% | +4.15% | NEW | |
| 10 | HA7 | Enviri CORP | Stock-Other | 3.97% | -1.50% | — | |
| 11 | VISN | Vistance Networks INC | Stock-Tech | 3.49% | -1.75% | — | |
| 12 | CIFR | Cipher Digital INC | Stock-Tech | 2.47% | +2.47% | NEW | |
| 13 | PRCH | Porch Group INC | Stock-Other | 2.23% | -0.74% | +44.44% | |
| 14 | NRGV | Energy Vault Holdings INC | Stock-Other | 2.21% | +0.21% | +133.33% | |
| 15 | ATEX | Anterix INC | Stock-Other | 1.83% | -0.46% | -31.03% | |
| 16 | TDS | Telephone And Data Systems | Stock-Comm Services | 1.51% | -0.71% | — | |
| 17 | KNOP | KNOT Offshore Partners LP | Stock-Other | 1.37% | -0.75% | — | |
| 18 | BWA | Borgwarner INC | Stock-Consumer Disc | 1.30% | +1.30% | NEW | |
| 19 | CBNA | Chain Bridge Bancorp Inc-a | Stock-Other | 1.27% | -0.63% | — | |
| 20 | RYAM | Rayonier Advanced Materials | Stock-Other | 1.06% | +1.06% | NEW | |
| 21 | PRTH | Priority Technology Holdings | Stock-Other | 0.90% | -0.68% | — | |
| 22 | GLXY | Galaxy Digital Inc-a | Stock-Other | 0.88% | +0.88% | NEW | |
| 23 | BVFL | BV Financial INC | Stock-Other | 0.56% | -0.23% | — | |
| 24 | SCOR | Comscore INC | Stock-Other | 0.42% | -0.17% | — | |
| 25 | CMTL | Comtech Telecommunications | Stock-Other | 0.40% | -0.56% | — | |
| 26 | LE | Lands' End INC | Stock-Other | 0.27% | +0.27% | NEW | |
| 27 | FSI | Flexible Solutions Intl INC | Stock-Other | 0.19% | -0.17% | — | |
| 28 | MAPS | Wm Technology INC | Stock-Other | 0.18% | -0.16% | — | |
| 29 | ✓ | Waldencast PLC | Stock-Other | 0.14% | -0.27% | — | |
| 30 | FTEK | Fuel Tech INC | Stock-Other | 0.09% | -0.09% | -8.33% | |
| 31 | ONL | Orion Properties INC | Stock-Other | 0.01% | +0.01% | NEW | |
| 32 | CNTY | Century Casinos INC | Stock-Other | 0.01% | — | — | |
| 33 | FSP | Franklin Street Properties C | Stock-Other | 0.01% | — | — | |
| 34 | AUROW | Aurora Innovation INC -cw28 | Stock-Other | — | — | — |
Performance for Q3 2026
-5.7%
Performance Last 4 Quarters
+14.8%
Based on 5 months of available history
Based on 79% of reported portfolio value with available pricing
Beartown Capital Management, LLC's most significant position changes for 2026-03-31: New buy: Cleanspark INC (CLSK); New buy: Ss Spdr S&p 500 ETF Trust-us (SPY); New buy: Invesco Qqq Trust Series 1 (QQQ); New buy: Bitdeer Technologies Group; New buy: Cipher Digital INC (CIFR).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | NRGV | Energy Vault Holdings INC | +0.2% | +133.33% | Add |
| 2 | FSP | Franklin Street Properties C | — | — | Unchanged |
| 3 | AUROW | Aurora Innovation INC -cw28 | — | — | Unchanged |
| 4 | CNTY | Century Casinos INC | — | — | Unchanged |
| 5 | FTEK | Fuel Tech INC | -0.1% | -8.33% | Trim |
| 6 | CORZ | Core Scientific INC | -0.1% | +45.00% | Add |
| 7 | MAPS | Wm Technology INC | -0.2% | — | Unchanged |
| 8 | FSI | Flexible Solutions Intl INC | -0.2% | — | Unchanged |
| 9 | SCOR | Comscore INC | -0.2% | — | Unchanged |
| 10 | BVFL | BV Financial INC | -0.2% | — | Unchanged |
| 11 | ✓ | Waldencast PLC | -0.3% | — | Unchanged |
| 12 | ATEX | Anterix INC | -0.5% | -31.03% | Trim |
| 13 | CMTL | Comtech Telecommunications | -0.6% | — | Unchanged |
| 14 | CBNA | Chain Bridge Bancorp Inc-a | -0.6% | — | Unchanged |
| 15 | PRTH | Priority Technology Holdings | -0.7% | — | Unchanged |
| 16 | TDS | Telephone And Data Systems | -0.7% | — | Unchanged |
| 17 | PRCH | Porch Group INC | -0.7% | +44.44% | Add |
| 18 | KNOP | KNOT Offshore Partners LP | -0.8% | — | Unchanged |
| 19 | HA7 | Enviri CORP | -1.5% | — | Unchanged |
| 20 | VISN | Vistance Networks INC | -1.8% | — | Unchanged |
| 21 | NBIS | Nebius Group NV | -3.4% | -22.58% | Trim |
| 22 | HUT | Hut 8 CORP | -4% | -21.15% | Trim |
| 23 | WULF | Terawulf INC | -5.6% | -13.54% | Trim |
| 24 | ECHO | Echostar Corp-a | -6.2% | -33.33% | Trim |
| 25 | CLSK | Cleanspark INC | — | NEW | New buy |
| 26 | SPY | Ss Spdr S&p 500 ETF Trust-us | — | NEW | New buy |
| 27 | QQQ | Invesco Qqq Trust Series 1 | — | NEW | New buy |
| 28 | ✓ | Bitdeer Technologies Group | — | NEW | New buy |
| 29 | CIFR | Cipher Digital INC | — | NEW | New buy |
| 30 | SEM | Select Medical Holdings CORP | — | EXIT | Sold out |
| 31 | ✓ | — | EXIT | Sold out | |
| 32 | BWA | Borgwarner INC | — | NEW | New buy |
| 33 | RYAM | Rayonier Advanced Materials | — | NEW | New buy |
| 34 | FCNCA | First Citizens Bcshs -cl A | — | EXIT | Sold out |
| 35 | CENX | Century Aluminum Company | — | EXIT | Sold out |
| 36 | GLXY | Galaxy Digital Inc-a | — | NEW | New buy |
| 37 | TALK | Talkspace INC | — | EXIT | Sold out |
| 38 | AFBI | Affinity Bancshares INC | — | EXIT | Sold out |
| 39 | STRZ | Starz Entertainment CORP | — | EXIT | Sold out |
| 40 | LE | Lands' End INC | — | NEW | New buy |
| 41 | GLIBK | Liberty Capital Corp-cl C | — | EXIT | Sold out |
| 42 | TRS | Trimas CORP | — | EXIT | Sold out |
| 43 | GOOG | Alphabet Inc-cl C | — | EXIT | Sold out |
| 44 | WW | Ww International Inc-new | — | EXIT | Sold out |
| 45 | AMZN | Amazon.com INC | — | EXIT | Sold out |
| 46 | TTAM | Titan America SA | — | EXIT | Sold out |
| 47 | LMNR | Limoneira Co | — | EXIT | Sold out |
| 48 | FB1 | Farmer Bros Co | — | EXIT | Sold out |
| 49 | ONL | Orion Properties INC | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-14 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-18 | 13F-HR | View on EDGAR |
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