Black Bear Value Partners’ Q2 2023 Investor Letter

Black Bear Value Partners, an investment management firm, published its second quarter 2023 investor letter, a copy of which can be downloaded here. Black Bear Value Fund returned +4.4%, net, in June and +14.0%, net, YTD, compared to the HFRI Value Index, which returned +3.3% in June and is +5.9% YTD. During the same period, the S&P 500 returned +6.6% and +16.9%, respectively. In addition, please check the fund’s top five holdings to know its best picks in 2023.