Beartown Capital Management, LLC

Exempt adviser

CIK

1877162

Location

HUNTINGTON WOODS, MI

Portfolio Value

Small $225,390,615

Diversification

Diversified

Filing Date

Global Rank

#6,126 / 8,818 ▼ 202

Top Industry

Capital Markets 40.4%

3Y Alpha vs SPY

-19.3%

Period ended 4 months ago

Filed Aug 14, 2026 · 2mo

3 quarters · since Dec 2025

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Exempt adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 289341

Roster of Oct 1, 2026

Private funds

1 fund · Hedge funds

Focus by fund count, roster of Oct 1, 2026

$124,514,386 gross assets

Private funds on Schedule D 7.B.(1)

As filed Feb 6, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$57,438,016 gross assets in 1 fund Hedge funds $57,438,016 (1)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Oct 2026	—	—
Mar 2025 to Mar 2026	—	—
Mar 2024 to Feb 2025	—	—
Jun 2023 to Feb 2024	—	—
May 2023	$0	—
Dec 2019 to Apr 2023	—	—

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Concentrated

The top 10 positions are 72.7% of the book (60%+)

Turnover

Turnover unknown

It needs four straight quarters of measured turnover

Horizon

Short horizon

Value-weighted holding period 2.5 quarters (under 4)

Closest benchmark: the Russell 2000 as of 2026-06-30, active share 98.7%; sector active share 51.0% against the combined 13F book's sector weights.

Over time 3 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

40 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

16.4%

+2.1 pts

Top 5

52.2%

−1.1 pts

Top 10

72.7%

−4.5 pts

HHI

715

Diversified−57

Portfolio Trend

3 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Financial Services	46.8%	$105,552,933	8
Communication Services	19.5%	$44,022,032	7
Technology	19.3%	$43,444,327	6
Utilities	5.2%	$11,707,000	3
Healthcare	3.4%	$7,566,800	3
Consumer Cyclical	1.7%	$3,928,646	4
Energy	1.3%	$2,824,160	1
Real Estate	1.2%	$2,795,609	3
Basic Materials	0.9%	$2,069,861	2
Industrials	0.4%	$951,247	2
Consumer Defensive	0.2%	$528,000	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

5 positions

Ticker	Company	Δ Shares	Shares	Value
GLXY	Galaxy Digital Inc.	+700,000	750,000	$20,505,000
VISN	Vistance Networks, Inc.	+350,000	750,000	$9,585,000
ECHO	EchoStar CORP	+130,000	210,000	$21,315,000
KNOP	KNOT Offshore Partners LP	+125,900	282,982	$2,824,160
PRCH	Porch Group, Inc.	+20,000	670,000	$10,076,800
No positions match the current search.

Trimmed

Positions the filer reduced

7 positions

Ticker	Company	Δ Shares	Shares	Value
CLSK	Cleanspark, Inc.	−800,000	750,000	$10,912,500
CORZ	Core Scientific, Inc.	−100,000	750,000	$19,192,500
NBIS	Nebius Group N.V.	−80,000	10,000	$2,761,700
WULF	Terawulf Inc.	−75,000	1,500,000	$37,050,000
ATEX	Anterix Inc.	−25,000	75,000	$7,720,500
HUT	Hut 8 Corp.	−10,000	170,000	$19,625,650
LE	Lands' End, Inc.	−3,800	46,200	$484,176
No positions match the current search.

New Positions

Positions the filer opened this quarter

14 positions

Ticker	Company	Shares	Value
BTDR	Bitdeer Technologies Group	500,000	$7,935,000
IMAX	Imax Corp	110,000	$4,384,600
HNRG	Hallador Energy Co	200,000	$3,478,000
MNRO	Monro, Inc.	200,000	$3,422,000
ZD	Ziff Davis, Inc.	65,000	$3,404,050
INMD	InMode Ltd.	225,000	$3,289,500
SHAZ	SharonAI Holdings Inc.	37,000	$3,132,420
HIVE	HIVE Digital Technologies Ltd.	800,000	$2,912,000
FRMI	Fermi Inc.	300,000	$2,748,000
ABVX	Abivax S.A.	20,000	$2,665,200
DDI	DoubleDown Interactive Co., Ltd.	144,637	$1,660,432
DGXX	Digi Power X Inc.	300,000	$1,635,000
QURE	uniQure N.V.	35,000	$1,612,100
KELYA	Kelly Services Inc	51,064	$627,065
No positions match the current search.

Sold Out

Positions the filer fully exited

4 positions

Ticker	Company	Shares	Value
NVRI	Enviri Corp	422,441	$8,288,292
CIFR	Cipher Digital Inc.	400,000	$5,148,000
CMTL	Comtech Telecommunications Corp	251,881	$836,244
MAPS	Wm Technology, Inc.	568,883	$374,325
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

40 tracked positions · $225,390,615 total · filing declares 41 positions · $227,420,523 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
WULF	Terawulf Inc. Financial Services	Reduced	1,500,000	-575,000	$37,050,000	+23.7%	3	before history	16.44%
ECHO	EchoStar CORP Communication Services	Added	210,000	+110,000	$21,315,000	+82.1%	3	before history	9.46%
GLXY	Galaxy Digital Inc. Financial Services	Added	750,000	+650,000	$20,505,000	+1011.4%	2	$27.57	9.10%
HUT	Hut 8 Corp. Financial Services	Reduced	170,000	-35,000	$19,625,650	+104.1%	3	before history	8.71%
CORZ	Core Scientific, Inc. Technology	Reduced	750,000	-700,000	$19,192,500	−11.5%	3	before history	8.52%
CLSK	Cleanspark, Inc. Financial Services	Reduced	750,000	-2,500,000	$10,912,500	−60.5%	2	$10.70	4.84%
PRCH	Porch Group, Inc. Financial Services	Added	670,000	+20,000	$10,076,800	+116.2%	3	before history	4.47%
VISN	Vistance Networks, Inc. Technology	Added	750,000	+350,000	$9,585,000	+31.7%	3	before history	4.25%
BTDR	Bitdeer Technologies Group Technology	Reduced	500,000	-500,000	$7,935,000	−8.3%	1	$14.36	3.52%
ATEX	Anterix Inc. Communication Services	Reduced	75,000	-25,000	$7,720,500	+102.2%	3	before history	3.43%
NRGV	Energy Vault Holdings, Inc. Utilities	Held	1,400,000	0	$6,594,000	+42.7%	3	before history	2.93%
IMAX	Imax Corp Communication Services	NEW	110,000	NEW	$4,384,600	NEW	1	$38.33	1.95%
HNRG	Hallador Energy Co Utilities	NEW	200,000	NEW	$3,478,000	NEW	1	$17.20	1.54%
MNRO	Monro, Inc. Consumer Cyclical	NEW	200,000	NEW	$3,422,000	NEW	1	$16.37	1.52%
ZD	Ziff Davis, Inc. Communication Services	NEW	65,000	NEW	$3,404,050	NEW	1	$45.24	1.51%
INMD	InMode Ltd. Healthcare	NEW	225,000	NEW	$3,289,500	NEW	1	$13.95	1.46%
CBNA	Chain Bridge Bancorp Inc Financial Services	Held	75,794	0	$3,187,137	+20.5%	3	before history	1.41%
SHAZ	SharonAI Holdings Inc. Technology	NEW	37,000	NEW	$3,132,420	NEW	1	$56.43	1.39%
HIVE	HIVE Digital Technologies Ltd. Financial Services	NEW	800,000	NEW	$2,912,000	NEW	1	$3.23	1.29%
KNOP	KNOT Offshore Partners LP Energy	Held	282,982	0	$2,824,160	−1.0%	3	before history	1.25%
TDS	Telephone & Data Systems Inc Communication Services	Held	75,000	0	$2,775,750	−12.1%	3	before history	1.23%
NBIS	Nebius Group N.V. Communication Services	Reduced	10,000	-110,000	$2,761,700	−77.8%	3	before history	1.23%
FRMI	Fermi Inc. Real Estate	NEW	300,000	NEW	$2,748,000	NEW	1	$6.32	1.22%
PRTH	Priority Technology Holdings, Inc. Technology	Held	400,000	0	$2,668,000	+41.3%	3	before history	1.18%
ABVX	Abivax S.A. Healthcare	NEW	20,000	NEW	$2,665,200	NEW	1	$113.18	1.18%
DDI	DoubleDown Interactive Co., Ltd. Communication Services	NEW	144,637	NEW	$1,660,432	NEW	1	$10.76	0.74%
DGXX	Digi Power X Inc. Utilities	NEW	300,000	NEW	$1,635,000	NEW	1	$5.45	0.73%
QURE	uniQure N.V. Healthcare	NEW	35,000	NEW	$1,612,100	NEW	1	$26.18	0.72%
RYAM	Rayonier Advanced Materials Inc. Basic Materials	Held	200,000	0	$1,572,000	−29.0%	2	$9.02	0.70%
BVFL	BV Financial, Inc. Financial Services	Held	60,616	0	$1,283,846	+10.7%	3	before history	0.57%
SCOR	Comscore, Inc. Technology	Held	126,207	0	$931,407	+6.3%	3	before history	0.41%
KELYA	Kelly Services Inc Industrials	NEW	51,064	NEW	$627,065	NEW	1	$10.41	0.28%
MLKMF	Waldencast plc Consumer Defensive	Held	300,000	0	$528,000	+85.3%	3	before history	0.23%
FSI	Flexible Solutions International Inc Basic Materials	Held	74,754	0	$497,861	+23.3%	3	before history	0.22%
LE	Lands' End, Inc. Consumer Cyclical	Reduced	46,200	-3,800	$484,176	−13.8%	2	$15.81	0.21%
FTEK	Fuel Tech, Inc. Industrials	Held	146,689	0	$324,182	+81.1%	3	before history	0.14%
ONL	Orion Properties Inc. Real Estate	Held	12,899	0	$37,278	+34.4%	2	$2.32	0.02%
CNTY	Century Casinos Inc Consumer Cyclical	Held	10,000	0	$12,800	−7.9%	3	before history	0.01%
FSP	Franklin Street Properties Corp Real Estate	Held	19,868	0	$10,331	−21.2%	3	before history	0.00%
AUROW	Aurora Innovation, Inc. Consumer Cyclical	Held	30,209	0	$9,670	+60.8%	3	before history	0.00%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.