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BCM
Beartown Capital Management Portfolio holdings
AUM
$227M
This Fund
S&P 500
This Quarter
Est. Return
+63.14%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$227M
AUM Growth
+$18.8M
(+9%)
Cap. Flow
+$31.2M
Cap. Flow
% of AUM
13.71%
Top 10 Holdings %
Top 10 Hldgs %
72.08%
Holding
56
New
14
Increased
5
Reduced
7
Closed
15
Avg Time Held Equity + Options
1.2
quarters
Top 10 Avg Time Held Equity + Options
0.7
quarters
Top 20 Avg Time Held Equity + Options
0.9
quarters
Avg Time Held Equity only
1.2
quarters
Top 10 Avg Time Held Equity only
1.3
quarters
Top 20 Avg Time Held Equity only
1.1
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Galaxy Digital Inc
GLXY
|
+$19.5M |
| 2 |
EchoStar
ECHO
|
+$15.9M |
| 3 |
Bitdeer Technologies
BTDR
|
+$7.18M |
| 4 |
Vistance Networks Inc
VISN
|
+$4.94M |
| 5 |
IMAX
IMAX
|
+$4.22M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Nebius Group N.V.
NBIS
|
+$15.8M |
| 2 |
CleanSpark
CLSK
|
+$11.3M |
| 3 |
Enviri
NVRI
|
+$8.29M |
| 4 |
Cipher Digital
CIFR
|
+$5.15M |
| 5 |
Core Scientific
CORZ
|
+$2.35M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 46.41% |
| 2 | Communication Services | 19.36% |
| 3 | Technology | 19.1% |
| 4 | Utilities | 5.15% |
| 5 | Healthcare | 3.33% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
TeraWulf
WULF
$6.67B
| $37M | 16.29% |
1,500,000
-75,000
| -5% | -$1.72M |
2025 Q4
2 quarters
|
|
|
2
EchoStar
ECHO
$27.7B
| $21.3M | 9.37% |
210,000
+130,000
| +163% | +$15.9M |
2025 Q4
2 quarters
|
|
|
3
Galaxy Digital Inc
GLXY
$3.86B
| $20.5M | 9.02% |
750,000
+700,000
| +1,400% | +$19.5M |
2026 Q1
1 quarter
|
|
4
Hut 8
HUT
$10.5B
| $19.6M | 8.63% |
170,000
-10,000
| -6% | -$969K |
2025 Q4
2 quarters
|
|
|
5
Core Scientific
CORZ
$4.83B
| $19.2M | 8.44% |
750,000
-100,000
| -12% | -$2.35M |
2025 Q4
2 quarters
|
|
|
6
CleanSpark
CLSK
$2.65B
| $10.9M | 4.8% |
750,000
-800,000
| -52% | -$11.3M |
2026 Q1
1 quarter
|
|
7
Porch Group
PRCH
$2.01B
| $10.1M | 4.43% |
670,000
+20,000
| +3% | +$197K |
2025 Q4
2 quarters
|
|
|
8
Vistance Networks Inc
VISN
$1.4B
| $9.59M | 4.21% |
750,000
+350,000
| +88% | +$4.94M |
2025 Q4
2 quarters
|
|
|
9
Bitdeer Technologies
BTDR
$2.52B
| $7.93M | 3.49% |
+500,000
| New | +$7.18M |
2026 Q2
0 quarters
|
|
10
Anterix
ATEX
$1.67B
| $7.72M | 3.39% |
75,000
-25,000
| -25% | -$1.47M |
2025 Q4
2 quarters
|
|
11
Energy Vault
NRGV
$566M
| $6.59M | 2.9% |
1,400,000
| – | – |
2025 Q4
2 quarters
|
|
|
12
IMAX
IMAX
$2.84B
| $4.38M | 1.93% |
+110,000
| New | +$4.22M |
2026 Q2
0 quarters
|
|
13
Hallador Energy
HNRG
$686M
| $3.48M | 1.53% |
+200,000
| New | +$3.44M |
2026 Q2
0 quarters
|
|
14
Monro
MNRO
$430M
| $3.42M | 1.5% |
+200,000
| New | +$3.27M |
2026 Q2
0 quarters
|
|
15
Ziff Davis
ZD
$1.97B
| $3.4M | 1.5% |
+65,000
| New | +$2.94M |
2026 Q2
0 quarters
|
|
16
InMode
INMD
$823M
| $3.29M | 1.45% |
+225,000
| New | +$3.14M |
2026 Q2
0 quarters
|
|
17
Chain Bridge Bancorp
CBNA
$328M
| $3.19M | 1.4% |
75,794
| – | – |
2025 Q4
2 quarters
|
|
18
SharonAI Holdings
SHAZ
$1.28B
| $3.13M | 1.38% |
+37,000
| New | +$2.09M |
2026 Q2
0 quarters
|
|
19
HIVE Digital Technologies
HIVE
$658M
| $2.91M | 1.28% |
+800,000
| New | +$2.58M |
2026 Q2
0 quarters
|
|
20
KNOT Offshore Partners
KNOP
$353M
| $2.82M | 1.24% |
282,982
+125,900
| +80% | +$1.34M |
2025 Q4
2 quarters
|
|
21
Telephone and Data Systems
TDS
$4B
| $2.78M | 1.22% |
75,000
| – | – |
2025 Q4
2 quarters
|
|
|
22
Nebius Group N.V.
NBIS
$57.1B
| $2.76M | 1.21% |
10,000
-80,000
| -89% | -$15.8M |
2025 Q4
2 quarters
|
|
23
Fermi Inc
FRMI
$2.08B
| $2.75M | 1.21% |
+300,000
| New | +$1.9M |
2026 Q2
0 quarters
|
|
24
Priority Technology Holdings
PRTH
$642M
| $2.67M | 1.17% |
400,000
| – | – |
2025 Q4
2 quarters
|
|
25
Abivax
ABVX
$7.59B
| $2.67M | 1.17% |
+20,000
| New | +$2.26M |
2026 Q2
0 quarters
|
|
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Beartown Capital Management's Q2 2026 Portfolio in Review
As of Q2 2026, Beartown Capital Management held 56 positions worth $227M, up 9% from $209M the previous quarter. Its ten largest holdings account for 72% of the portfolio.
Beartown Capital Management deployed $31.2M of net new capital in Q2 2026, opening 14 new positions and adding to 5 existing holdings. Its largest new stake was Bitdeer Technologies: 500,000 shares worth $7.93M.
By sector, the portfolio is most concentrated in Financials at 46% of assets, up from 26% a quarter earlier, followed by Communication Services and Technology.
On the sell side, the largest reduction was Nebius Group N.V., an estimated $15.8M trimmed.
- Beartown Capital Management's largest Q2 2026 buy was Bitdeer Technologies: 500,000 shares worth $7.93M.
- Beartown Capital Management added most to Galaxy Digital Inc in Q2 2026, an estimated $19.5M increase.
- Beartown Capital Management's biggest Q2 2026 reduction was Nebius Group N.V., cutting an estimated $15.8M.
- Beartown Capital Management fully exited Enviri in Q2 2026, selling an estimated $8.29M.
- Beartown Capital Management's ten largest holdings make up 72% of its $227M portfolio in Q2 2026.
- Beartown Capital Management opened 14 new positions and closed 15 in Q2 2026.
- Beartown Capital Management's portfolio value rose 9% quarter-over-quarter to $227M.
Based on Beartown Capital Management's 13F filing for Q2 2026, filed 14 Aug 2026.