Beartown Capital Management, LLC Hedge Fund

Location: Huntington Woods, MI

CIK: 0001877162 · Show all filings

Period: Q1 2026 (← Previous) (Next →)

Filing Date: May 14, 2026

Total Value: $209M (100.0% shares, 0.0% debt)

Holdings (42)

WULF TERAWULF INC 10.9%

Value $22.73M Shares 1,575,000 Est. Cost $13.40 Unrealized +8.8%

SPY STATE STR SPDR S&P 500 ETF T 9.4%

Value $19.51M Shares 30,000 Est. Cost — Unrealized —

CLSK CLEANSPARK INC 6.9%

Value $14.47M Shares 1,700,000 Est. Cost $11.33 Unrealized 0.0%

CLSK CLEANSPARK INC 6.3%

Value $13.19M Shares 1,550,000 Est. Cost $11.33 Unrealized 0.0%

CORZ CORE SCIENTIFIC INC NEW 6.1%

Value $12.72M Shares 850,000 Est. Cost $17.45 Unrealized +1.4%

QQQ INVESCO QQQ TR 5.5%

Value $11.54M Shares 20,000 Est. Cost — Unrealized —

SATS ECHOSTAR CORP 4.5%

Value $9.366M Shares 80,000 Est. Cost $81.43 Unrealized +42.9%

NBIS NEBIUS GROUP N.V. 4.5%

Value $9.338M Shares 90,000 Est. Cost $103.64 Unrealized -7.0%

CORZ CORE SCIENTIFIC INC NEW 4.3%

Value $8.976M Shares 600,000 Est. Cost $17.45 Unrealized +1.4%

BTDR BITDEER TECHNOLOGIES GROUP 4.1%

Value $8.65M Shares 1,000,000 Est. Cost — Unrealized —

HUT HUT 8 CORP 4.0%

Value $8.444M Shares 180,000 Est. Cost $44.08 Unrealized +28.4%

NVRI ENVIRI CORP 4.0%

Value $8.288M Shares 422,441 Est. Cost $14.90 Unrealized +25.6%

VISN VISTANCE NETWORKS INC 3.5%

Value $7.28M Shares 400,000 Est. Cost $17.25 Unrealized +7.2%

WULF TERAWULF INC 3.5%

Value $7.215M Shares 500,000 Est. Cost $13.40 Unrealized +8.8%

CIFR CIPHER DIGITAL INC 2.5%

Value $5.148M Shares 400,000 Est. Cost $16.67 Unrealized 0.0%

PRCH PORCH GROUP INC 2.2%

Value $4.66M Shares 650,000 Est. Cost $10.87 Unrealized -24.3%

NRGV ENERGY VAULT HOLDINGS INC 2.2%

Value $4.62M Shares 1,400,000 Est. Cost $4.26 Unrealized +7.6%

ATEX ANTERIX INC 1.8%

Value $3.819M Shares 100,000 Est. Cost $20.77 Unrealized +32.0%

TDS TELEPHONE & DATA SYS INC 1.5%

Value $3.158M Shares 75,000 Est. Cost $38.95 Unrealized +13.9%

NBIS NEBIUS GROUP N.V. 1.5%

Value $3.113M Shares 30,000 Est. Cost $103.64 Unrealized -7.0%

BWA BORGWARNER INC 1.3%

Value $2.713M Shares 50,000 Est. Cost — Unrealized —

CBNA CHAIN BRIDGE BANCORP INC 1.3%

Value $2.645M Shares 75,794 Est. Cost $32.33 Unrealized +7.3%

SATS ECHOSTAR CORP 1.1%

Value $2.341M Shares 20,000 Est. Cost $81.43 Unrealized +42.9%

RYAM RAYONIER ADVANCED MATLS INC 1.1%

Value $2.214M Shares 200,000 Est. Cost $8.01 Unrealized 0.0%

PRTH PRIORITY TECHNOLOGY HLDGS IN 0.9%

Value $1.888M Shares 400,000 Est. Cost $6.19 Unrealized -8.2%

KNOP KNOT OFFSHORE PARTNERS LP 0.8%

Value $1.583M Shares 157,082 Est. Cost $9.66 Unrealized +8.4%

KNOP KNOT OFFSHORE PARTNERS LP 0.6%

Value $1.269M Shares 125,900 Est. Cost $9.66 Unrealized +8.4%

HUT HUT 8 CORP 0.6%

Value $1.173M Shares 25,000 Est. Cost $44.08 Unrealized +28.4%

BVFL BV FINL INC 0.6%

Value $1.16M Shares 60,616 Est. Cost $17.21 Unrealized +10.6%

GLXY GALAXY DIGITAL INC. 0.4%

Value $923K Shares 50,000 Est. Cost $25.40 Unrealized 0.0%

GLXY GALAXY DIGITAL INC. 0.4%

Value $923K Shares 50,000 Est. Cost $25.40 Unrealized 0.0%

SCOR COMSCORE INC 0.4%

Value $876K Shares 126,207 Est. Cost $7.16 Unrealized +9.5%

CMTL COMTECH TELECOMMUNICATIONS C 0.4%

Value $836K Shares 251,881 Est. Cost $3.26 Unrealized +73.3%

LE LANDS END INC NEW 0.3%

Value $562K Shares 50,000 Est. Cost $16.73 Unrealized 0.0%

FSI FLEXIBLE SOLUTIONS INTL INC 0.2%

Value $404K Shares 74,754 Est. Cost $7.90 Unrealized -24.5%

MAPS WM TECHNOLOGY INC 0.2%

Value $375K Shares 568,883 Est. Cost $0.98 Unrealized -21.9%

WALD WALDENCAST PLC 0.1%

Value $285K Shares 300,000 Est. Cost $2.03 Unrealized -15.6%

FTEK FUEL TECH INC 0.1%

Value $179K Shares 146,689 Est. Cost $2.20 Unrealized -33.9%

ONL ORION PROPERTIES INC 0.0%

Value $27,733 Shares 12,899 Est. Cost $2.15 Unrealized —

CNTY CENTURY CASINOS INC 0.0%

Value $13,900 Shares 10,000 Est. Cost $1.79 Unrealized -12.6%

FSP FRANKLIN STR PPTYS CORP 0.0%

Value $13,202 Shares 19,868 Est. Cost $0.95 Unrealized —

AUROW AURORA INNOVATION INC 0.0%

Value $6,012 Shares 30,209 Est. Cost $0.23 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
WULF	TERAWULF INC	1,575,000	$22.73M	10.9%	$13.40	+8.8%	COM	88080T104
SPY	STATE STR SPDR S&P 500 ETF T	30,000	$19.51M	9.4%	—	—	Put	78462F103
CLSK	CLEANSPARK INC	1,700,000	$14.47M	6.9%	$11.33	0.0%	Call	18452B209
CLSK	CLEANSPARK INC	1,550,000	$13.19M	6.3%	$11.33	0.0%	COM NEW	18452B209
CORZ	CORE SCIENTIFIC INC NEW	850,000	$12.72M	6.1%	$17.45	+1.4%	COM	21874A106
QQQ	INVESCO QQQ TR	20,000	$11.54M	5.5%	—	—	Put	46090E103
SATS	ECHOSTAR CORP	80,000	$9.366M	4.5%	$81.43	+42.9%	CL A	278768106
NBIS	NEBIUS GROUP N.V.	90,000	$9.338M	4.5%	$103.64	-7.0%	SHS CLASS A	N97284108
CORZ	CORE SCIENTIFIC INC NEW	600,000	$8.976M	4.3%	$17.45	+1.4%	Call	21874A106
BTDR	BITDEER TECHNOLOGIES GROUP	1,000,000	$8.65M	4.1%	—	—	Call	G11448100
HUT	HUT 8 CORP	180,000	$8.444M	4.0%	$44.08	+28.4%	COM	44812J104
NVRI	ENVIRI CORP	422,441	$8.288M	4.0%	$14.90	+25.6%	COM	415864107
VISN	VISTANCE NETWORKS INC	400,000	$7.28M	3.5%	$17.25	+7.2%	COM	20337X109
WULF	TERAWULF INC	500,000	$7.215M	3.5%	$13.40	+8.8%	Call	88080T104
CIFR	CIPHER DIGITAL INC	400,000	$5.148M	2.5%	$16.67	0.0%	COM	17253J106
PRCH	PORCH GROUP INC	650,000	$4.66M	2.2%	$10.87	-24.3%	COM	733245104
NRGV	ENERGY VAULT HOLDINGS INC	1,400,000	$4.62M	2.2%	$4.26	+7.6%	COM	29280W109
ATEX	ANTERIX INC	100,000	$3.819M	1.8%	$20.77	+32.0%	COM	03676C100
TDS	TELEPHONE & DATA SYS INC	75,000	$3.158M	1.5%	$38.95	+13.9%	COM NEW	879433829
NBIS	NEBIUS GROUP N.V.	30,000	$3.113M	1.5%	$103.64	-7.0%	Call	N97284108
BWA	BORGWARNER INC	50,000	$2.713M	1.3%	—	—	Call	099724106
CBNA	CHAIN BRIDGE BANCORP INC	75,794	$2.645M	1.3%	$32.33	+7.3%	CL A	15746L100
SATS	ECHOSTAR CORP	20,000	$2.341M	1.1%	$81.43	+42.9%	Call	278768106
RYAM	RAYONIER ADVANCED MATLS INC	200,000	$2.214M	1.1%	$8.01	0.0%	COM	75508B104
PRTH	PRIORITY TECHNOLOGY HLDGS IN	400,000	$1.888M	0.9%	$6.19	-8.2%	COM	74275G107
KNOP	KNOT OFFSHORE PARTNERS LP	157,082	$1.583M	0.8%	$9.66	+8.4%	COM UNITS	Y48125101
KNOP	KNOT OFFSHORE PARTNERS LP	125,900	$1.269M	0.6%	$9.66	+8.4%	Call	Y48125101
HUT	HUT 8 CORP	25,000	$1.173M	0.6%	$44.08	+28.4%	Call	44812J104
BVFL	BV FINL INC	60,616	$1.16M	0.6%	$17.21	+10.6%	COM NEW	05603E208
GLXY	GALAXY DIGITAL INC.	50,000	$923K	0.4%	$25.40	0.0%	Call	36317J209
GLXY	GALAXY DIGITAL INC.	50,000	$923K	0.4%	$25.40	0.0%	CL A	36317J209
SCOR	COMSCORE INC	126,207	$876K	0.4%	$7.16	+9.5%	COM NEW	20564W204
CMTL	COMTECH TELECOMMUNICATIONS C	251,881	$836K	0.4%	$3.26	+73.3%	COM NEW	205826209
LE	LANDS END INC NEW	50,000	$562K	0.3%	$16.73	0.0%	COM	51509F105
FSI	FLEXIBLE SOLUTIONS INTL INC	74,754	$404K	0.2%	$7.90	-24.5%	COM	33938T104
MAPS	WM TECHNOLOGY INC	568,883	$375K	0.2%	$0.98	-21.9%	COM	92971A109
WALD	WALDENCAST PLC	300,000	$285K	0.1%	$2.03	-15.6%	CLASS A ORD SHS	G9503X103
FTEK	FUEL TECH INC	146,689	$179K	0.1%	$2.20	-33.9%	COM	359523107
ONL	ORION PROPERTIES INC	12,899	$27,733	0.0%	$2.15	—	COM	68629Y103
CNTY	CENTURY CASINOS INC	10,000	$13,900	0.0%	$1.79	-12.6%	COM	156492100
FSP	FRANKLIN STR PPTYS CORP	19,868	$13,202	0.0%	$0.95	—	COM	35471R106
AUROW	AURORA INNOVATION INC	30,209	$6,012	0.0%	$0.23	—	*W EXP 11/03/202	051774115