Beartown Capital Management, LLC

HUNTINGTON WOODS, MI · CIK 1877162 · 13F filing filed 2026-08-14

Exempt reporting adviser since 2017 · limited liability company

Private funds1 (1 hedge) · $124.5m gross assets
Form ADV · 2026-03-12SEC adviser record

Legal entityBEARTOWN CAPITAL MANAGEMENT, LLC (US)

Kindhedge funds, futures
Others nearbyHuntington Woods, MI

As an employer

Private fundshedge 1

$225.4m reported value +77.8% vs Q1 2026

40positions

72.7%in top 10

14 new 5 added 7 reduced 4 sold out vs Q1 2026

Options: 1 call positions ($2.0m notional), 0 put positions (— notional) – listed below, not included above.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	TERAWULF INC COM WULF	WULF	1,500,000	$37.0m16.44%	16.44%	Reduced -75.0k	-75,000 -4.8%
2	ECHOSTAR CORP CL A ECHO	ECHO	210,000	$21.3m9.46%	9.46%	Added +130.0k	+130,000 162.5%
3	GALAXY DIGITAL INC. CL A GLXY	GLXY	750,000	$20.5m9.10%	9.10%	Added +700.0k	+700,000 1400.0%
4	HUT 8 CORP COM HUT	HUT	170,000	$19.6m8.71%	8.71%	Reduced -10.0k	-10,000 -5.6%
5	CORE SCIENTIFIC INC NEW COM CORZ	CORZ	750,000	$19.2m8.52%	8.52%	Reduced -100.0k	-100,000 -11.8%
6	CLEANSPARK INC COM NEW CLSK	CLSK	750,000	$10.9m4.84%	4.84%	Reduced -800.0k	-800,000 -51.6%
7	PORCH GROUP INC COM PRCH	PRCH	670,000	$10.1m4.47%	4.47%	Added +20.0k	+20,000 3.1%
8	COMMSCOPE HLDG CO INC COM VISN	VISN	750,000	$9.6m4.25%	4.25%	Added +350.0k	+350,000 87.5%
9	BITDEER TECHNOLOGIES GROUP CL A ORD SHS BTDR	BTDR	500,000	$7.9m3.52%	3.52%	New
10	ANTERIX INC COM ATEX	ATEX	75,000	$7.7m3.43%	3.43%	Reduced -25.0k	-25,000 -25.0%
11	ENERGY VAULT HOLDINGS INC COM NRGV	NRGV	1,400,000	$6.6m2.93%	2.93%	Unchanged
12	IMAX CORP COM IMAX	IMAX	110,000	$4.4m1.95%	1.95%	New
13	HALLADOR ENERGY COMPANY COM HNRG	HNRG	200,000	$3.5m1.54%	1.54%	New
14	MONRO INC COM MNRO	MNRO	200,000	$3.4m1.52%	1.52%	New
15	ZIFF DAVIS INC COM ZD	ZD	65,000	$3.4m1.51%	1.51%	New
16	INMODE LTD SHS INMD	INMD	225,000	$3.3m1.46%	1.46%	New
17	CHAIN BRIDGE BANCORP INC CL A CBNA	CBNA	75,794	$3.2m1.41%	1.41%	Unchanged
18	SHARONAI HOLDINGS INC COM CL A SHAZ	SHAZ	37,000	$3.1m1.39%	1.39%	New
19	HIVE DIGITAL TECHNOLOGIES LT COM NEW HIVE	HIVE	800,000	$2.9m1.29%	1.29%	New
20	KNOT OFFSHORE PARTNERS LP COM UNITS KNOP	KNOP	282,982	$2.8m1.25%	1.25%	Added +125.9k	+125,900 80.2%
21	TELEPHONE & DATA SYS INC COM NEW TDS	TDS	75,000	$2.8m1.23%	1.23%	Unchanged
22	NEBIUS GROUP N.V. SHS CLASS A NBIS	NBIS	10,000	$2.8m1.23%	1.23%	Reduced -80.0k	-80,000 -88.9%
23	FERMI INC COM FRMI	FRMI	300,000	$2.7m1.22%	1.22%	New
24	PRIORITY TECHNOLOGY HLDGS IN COM PRTH	PRTH	400,000	$2.7m1.18%	1.18%	Unchanged
25	ABIVAX SA SPONSORED ADS ABVX	ABVX	20,000	$2.7m1.18%	1.18%	New
26	DOUBLEDOWN INTERACTIVE CO LT ADS DDI	DDI	144,637	$1.7m0.74%	0.74%	New
27	DIGI PWR X INC COM SUB VTG DGXX	DGXX	300,000	$1.6m0.73%	0.73%	New
28	UNIQURE NV SHS QURE	QURE	35,000	$1.6m0.72%	0.72%	New
29	RAYONIER ADVANCED MATLS INC COM RYAM	RYAM	200,000	$1.6m0.70%	0.70%	Unchanged
30	BV FINL INC COM NEW BVFL	BVFL	60,616	$1.3m0.57%	0.57%	Unchanged
31	COMSCORE INC COM NEW SCOR	SCOR	126,207	$931.4k0.41%	0.41%	Unchanged
32	KELLY SVCS INC CL A KELYA	KELYA	51,064	$627.1k0.28%	0.28%	New
33	WALDENCAST PLC CLASS A ORD SHS MLKMF	MLKMF	300,000	$528.0k0.23%	0.23%	Unchanged
34	FLEXIBLE SOLUTIONS INTL INC COM FSI	FSI	74,754	$497.9k0.22%	0.22%	Unchanged
35	LANDS END INC NEW COM LE	LE	46,200	$484.2k0.21%	0.21%	Reduced -3.8k	-3,800 -7.6%
36	FUEL TECH INC COM FTEK	FTEK	146,689	$324.2k0.14%	0.14%	Unchanged
37	ORION OFFICE REIT INC COM ONL	ONL	12,899	$37.3k0.02%	0.02%	Unchanged
38	CENTURY CASINOS INC COM CNTY	CNTY	10,000	$12.8k0.01%	0.01%	Unchanged
39	FRANKLIN STR PPTYS CORP COM FSP	FSP	19,868	$10.2k0.00%	0.00%	Unchanged
40	AURORA INNOVATION INC *W EXP 11/03/202 AUROW	AUROW	30,209	$9.7k0.00%	0.00%	Unchanged

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
ENVIRI CORP		422,441	$8.3m422.4k shares
CIPHER MINING INC CIFR	CIFR	400,000	$5.1m400.0k shares
COMTECH TELECOMMUNICATIONS C CMTL	CMTL	251,881	$836.2k251.9k shares
WM TECHNOLOGY INC MAPS	MAPS	568,883	$374.6k568.9k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
ECHOSTAR CORP ECHO · Call	ECHO	Call	20,000	$2.0m20.0k shares	Unchanged