Black Bear Value Partners’ Q3 2023 Investor Letter

Black Bear Value Partners, an investment management firm, published its third quarter 2023 investor letter, a copy of which can be downloaded here. Black Bear Value Fund returned +7.3% in September and is up +26.4% YTD and the S&P 500 returned -4.8% in September and +13.1% YTD. HFRI Value Index returned +8.8% YTD through August. In addition, please check the fund’s top five holdings to know its best picks in 2023.