Black Bear Value Partners’ Q1 2021 Investor Letter

Black Bear Value Partners, an investment management firm, published its first quarter 2021 investor letter – a copy of which can be downloaded here. A return of +13.6% was delivered by the fund for the first quarter of 2021, outperforming the S&P 500 Index that delivered a +4.4% return for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.