Black Bear Value Partners’ Q4 2021 Investor Letter

Black Bear Value Partners, an investment management firm, published its fourth-quarter 2021 investor letter – a copy of which can be downloaded here. The fund had a 35% return for the full year of 2021, compared to its benchmark, the S&P 500, and the HFRI Index which had a 28.7% and 14.8% return for the same period. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.