Beartown Capital Management, LLC
Long book
$126.7M
Q1 2026
Positions
30
Top-10 weight
80%
concentration
Last quarter
+48.1%
SPY +14.8%
Turnover
47%
of book per quarter
Strategy in plain words
auto-generated from filingsBeartown Capital Management, LLC is a concentrated fundamental stock-picker, running a $126.7M US long book across 30 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: TERAWULF INC, CLEANSPARK INC, CORE SCIENTIFIC INC, ECHOSTAR CORP-A, NEBIUS GROUP NV.
We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q4 2025
+9.6%
Q1 2026
+48.1%
Sector allocation
Financials 53%
Technology 21%
Communications 13%
Utilities 7%
Other 2%
Services media 2%
Industrials 1%
Consumer discretionary 0%
Long book by quarter
What does Beartown Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| WULF TERAWULF INC | Financials | 1.6M | $22.7M | 17.9% | -21.3% |
| CLSK CLEANSPARK INC | Financials | 1.6M | $13.2M | 10.4% | New |
| CORZ CORE SCIENTIFIC INC | Financials | 850.0K | $12.7M | 10.0% | +6.3% |
| ECHO ECHOSTAR CORP-A | Communications | 80.0K | $9.4M | 7.4% | -46.7% |
| NBIS NEBIUS GROUP NV | Technology | 90.0K | $9.3M | 7.4% | -33.3% |
| HUT HUT 8 CORP | Financials | 180.0K | $8.4M | 6.7% | -30.8% |
| NVRI ENVIRI CORP | Utilities | 422.4K | $8.3M | 6.5% | Held |
| VISN VISTANCE NETWORKS INC | Technology | 400.0K | $7.3M | 5.7% | Held |
| CIFR CIPHER DIGITAL INC | Financials | 400.0K | $5.1M | 4.1% | New |
| PRCH PORCH GROUP INC | Technology | 650.0K | $4.7M | 3.7% | +44.4% |
| NRGV ENERGY VAULT HOLDINGS INC | Technology | 1.4M | $4.6M | 3.6% | +133.3% |
| ATEX ANTERIX INC | Communications | 100.0K | $3.8M | 3.0% | -31.0% |
| TDS TELEPHONE AND DATA SYSTEMS | Communications | 75.0K | $3.2M | 2.5% | Held |
| CBNA CHAIN BRIDGE BANCORP INC-A | Financials | 75.8K | $2.6M | 2.1% | Held |
| RYAM RAYONIER ADVANCED MATERIALS | Other | 200.0K | $2.2M | 1.7% | New |
| PRTH PRIORITY TECHNOLOGY HOLDINGS | Services media | 400.0K | $1.9M | 1.5% | Held |
| KNOP KNOT OFFSHORE PARTNERS LP | Industrials | 157.1K | $1.6M | 1.2% | Held |
| BVFL BV FINANCIAL INC | Financials | 60.6K | $1.2M | 0.9% | Held |
| GLXY GALAXY DIGITAL INC-A | Financials | 50.0K | $923K | 0.7% | New |
| SCOR COMSCORE INC | Services media | 126.2K | $876K | 0.7% | Held |
| CMTL COMTECH TELECOMMUNICATIONS | Technology | 251.9K | $836K | 0.7% | Held |
| LE LANDS' END INC | Consumer discretionary | 50.0K | $562K | 0.4% | New |
| FSI FLEXIBLE SOLUTIONS INTL INC | Other | 74.8K | $404K | 0.3% | Held |
| MAPS WM TECHNOLOGY INC | Technology | 568.9K | $375K | 0.3% | Held |
| WALD WALDENCAST PLC-A | Other | 300.0K | $285K | 0.2% | Held |
| FTEK FUEL TECH INC | Industrials | 146.7K | $179K | 0.1% | -8.3% |
| CNTY CENTURY CASINOS INC | Services media | 10.0K | $14K | 0.0% | Held |
13F filing history
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