Beartown Capital Management, LLC

CIK

1877162

Location

HUNTINGTON WOODS, MI

Portfolio Value

Small $200,344,053

Diversification

Diversified

Filing Date

Global Rank

#4,195 / 8,623 ▲ 1126 · as of Mar 2026

Top Industry

Capital Markets 40.8%

3Y Alpha vs SPY

+81.8%

Period ended 4 months ago

Filed May 14, 2026 · 3mo

2 quarters · since Dec 2025

Clone Performance

Feb 2026–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+13.9%

SPY

+7.3%

Annualised alpha

+16.4%

Max drawdown

−29.5%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 76% of reported value on average across 2 quarters. Past performance does not predict future results.

Portfolio Concentration

33 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

14.9%

−6.3 pts

Top 5

55.5%

−8.5 pts

Top 10

79.9%

−0.0 pts

HHI

820

Diversified−184

Portfolio Trend

2 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Financial Services	38.7%	$77,527,200	7
Technology	23.3%	$46,744,445	8
Communication Services	15.5%	$31,134,700	4
Unclassified	15.5%	$31,053,800	2
Utilities	2.3%	$4,620,000	1
Consumer Cyclical	1.6%	$3,288,900	3
Energy	1.4%	$2,852,458	1
Basic Materials	1.3%	$2,617,746	2
Consumer Defensive	0.1%	$285,000	1
Industrials	0.1%	$178,960	2
Real Estate	0.0%	$40,844	2

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

3 positions

Ticker	Company	Δ Shares	Shares	Value
NRGV	Energy Vault Holdings, Inc.	+800,000	1,400,000	$4,620,000
CORZ	Core Scientific, Inc./tx	+450,000	1,450,000	$21,692,000
PRCH	Porch Group, Inc.	+200,000	650,000	$4,660,500
No positions match the current search.

Trimmed

Positions the filer reduced

6 positions

Ticker	Company	Δ Shares	Shares	Value
WULF	Terawulf Inc.	−325,000	2,075,000	$29,942,250
HUT	Hut 8 Corp.	−55,000	205,000	$9,616,550
ECHO	EchoStar CORP	−50,000	100,000	$11,707,000
ATEX	Anterix Inc.	−45,000	100,000	$3,819,000
NBIS	Nebius Group N.V.	−35,000	120,000	$12,451,200
FTEK	Fuel Tech, Inc.	−13,338	146,689	$178,960
No positions match the current search.

New Positions

Positions the filer opened this quarter

10 positions

Ticker	Company	Shares	Value
CLSK	Cleanspark, Inc.	3,250,000	$27,657,500
SPY	Spdr S&P 500 ETF Trust	30,000	$19,510,200
QQQ	Invesco Qqq Trust, Series 1	20,000	$11,543,600
BTDR	Bitdeer Technologies Group	1,000,000	$8,650,000
CIFR	Cipher Digital Inc.	400,000	$5,148,000
BWA	Borgwarner Inc	50,000	$2,713,000
RYAM	Rayonier Advanced Materials Inc.	200,000	$2,214,000
GLXY	Galaxy Digital Inc.	100,000	$1,845,000
LE	Lands' End, Inc.	50,000	$562,000
ONL	Orion Properties Inc.	12,899	$27,732
No positions match the current search.

Sold Out

Positions the filer fully exited

13 positions

Ticker	Company	Shares	Value
SEM	Select Medical Holdings Corp	200,000	$2,970,000
KW	Kennedy-Wilson Holdings, Inc.	300,000	$2,901,000
FCNCA	First Citizens Bancshares Inc /De/	1,000	$2,146,179
CENX	Century Aluminum Co	50,000	$1,959,000
TALK	Talkspace, Inc.	300,000	$1,089,000
AFBI	Affinity Bancshares, Inc.	30,416	$622,615
STRZ	Starz Entertainment Corp /Cn/	50,000	$585,000
TRS	Trimas Corp	10,000	$354,500
WW	Ww International, Inc.	10,000	$292,150
AMZN	Amazon Com Inc	1,026	$236,821
TTAM	Titan America SA	10,000	$164,800
LMNR	Limoneira CO	12,892	$162,825
FARM	FARMER BROTHERS CO	54,009	$78,853
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

33 tracked positions · $200,344,053 total · filing declares 42 positions · $208,638,554 · as of Mar 31, 2026

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
WULF	Terawulf Inc. CALL + SHARES Financial Services	Reduced	2,075,000	-325,000	$29,942,250	+8.6%	14.95%
CLSK	Cleanspark, Inc. CALL + SHARES Financial Services	NEW	3,250,000	NEW	$27,657,500	NEW	13.81%
CORZ	Core Scientific, Inc./tx CALL + SHARES Technology	Added	1,450,000	+450,000	$21,692,000	+49.0%	10.83%
SPY	Spdr S&P 500 ETF Trust PUT	NEW	30,000	NEW	$19,510,200	NEW	9.74%
NBIS	Nebius Group N.V. CALL + SHARES Communication Services	Reduced	120,000	-35,000	$12,451,200	−4.0%	6.21%
ECHO	EchoStar CORP CALL + SHARES Communication Services	Reduced	100,000	-50,000	$11,707,000	−28.2%	5.84%
QQQ	Invesco Qqq Trust, Series 1 PUT	NEW	20,000	NEW	$11,543,600	NEW	5.76%
HUT	Hut 8 Corp. CALL + SHARES Financial Services	Reduced	205,000	-55,000	$9,616,550	−19.5%	4.80%
BTDR	Bitdeer Technologies Group CALL Technology	NEW	1,000,000	NEW	$8,650,000	NEW	4.32%
VISN	Vistance Networks, Inc. Technology	Held	400,000	0	$7,280,000	+0.4%	3.63%
CIFR	Cipher Digital Inc. Technology	NEW	400,000	NEW	$5,148,000	NEW	2.57%
PRCH	Porch Group, Inc. Financial Services	Added	650,000	+200,000	$4,660,500	+13.4%	2.33%
NRGV	Energy Vault Holdings, Inc. Utilities	Added	1,400,000	+800,000	$4,620,000	+67.0%	2.31%
ATEX	Anterix Inc. Communication Services	Reduced	100,000	-45,000	$3,819,000	+20.7%	1.91%
TDS	Telephone & Data Systems Inc /De/ Communication Services	Held	75,000	0	$3,157,500	+2.7%	1.58%
KNOP	KNOT Offshore Partners LP CALL + SHARES Energy	Held	282,982	0	$2,852,458	−2.6%	1.42%
BWA	Borgwarner Inc CALL Consumer Cyclical	NEW	50,000	NEW	$2,713,000	NEW	1.35%
CBNA	Chain Bridge Bancorp Inc Financial Services	Held	75,794	0	$2,645,210	+0.8%	1.32%
RYAM	Rayonier Advanced Materials Inc. Basic Materials	NEW	200,000	NEW	$2,214,000	NEW	1.11%
PRTH	Priority Technology Holdings, Inc. Technology	Held	400,000	0	$1,888,000	−13.4%	0.94%
GLXY	Galaxy Digital Inc. CALL + SHARES Financial Services	NEW	100,000	NEW	$1,845,000	NEW	0.92%
BVFL	BV Financial, Inc. Financial Services	Held	60,616	0	$1,160,190	+5.5%	0.58%
SCOR	Comscore, Inc. Technology	Held	126,207	0	$875,876	+6.8%	0.44%
CMTL	Comtech Telecommunications Corp /De/ Technology	Held	251,881	0	$836,244	−37.2%	0.42%
LE	Lands' End, Inc. Consumer Cyclical	NEW	50,000	NEW	$562,000	NEW	0.28%
FSI	Flexible Solutions International Inc Basic Materials	Held	74,754	0	$403,746	−19.7%	0.20%
MAPS	Wm Technology, Inc. Technology	Held	568,883	0	$374,325	−20.2%	0.19%
WALD	Waldencast plc Consumer Defensive	Held	300,000	0	$285,000	−49.5%	0.14%
FTEK	Fuel Tech, Inc. Industrials	Reduced	146,689	-13,338	$178,960	−28.3%	0.09%
ONL	Orion Properties Inc. Real Estate	NEW	12,899	NEW	$27,732	NEW	0.01%
CNTY	Century Casinos Inc /Co/ Consumer Cyclical	Held	10,000	0	$13,900	+4.5%	0.01%
FSP	Franklin Street Properties Corp /Ma/ Real Estate	Held	19,868	0	$13,112	−30.5%	0.01%
NVRI	Enviri Corp Industrials	Held	422,441	0	$0	—	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.