Black Bear Value Partners’ Q4 2023 Investor Letter

Black Bear Value Partners, an investment management firm, published its fourth quarter 2023 investor letter. Black Bear Value Fund returned -1.1% in December and +17.7% in 2023 and the S&P 500 returned +4.5% in December and +26.3% in 2023. HFRI Value Index returned +4.4% and +13.8%, respectively for the same periods. In addition, please check the fund’s top five holdings to know its best picks in 2023.

A copy of Black Bear Value Partners’ Q4 2023 investor letter can be downloaded here.