Black Bear Value Fund Q3 Letter

Jacob Wolinsky

Published onOctober 10, 2023

Black Bear Value Fund letter for the third quarter ended September 30, 2023.

Table of Contents

“If you think nobody cares if you’re alive, try missing a couple car payments.”- Earl Wilson

To My Partners and Friends:

Black Bear Value Fund, LP (the “Fund”) returned +7.3% in September and is +26.4% YTD.
The S&P 500 returned -4.8% in September and +13.1% YTD.
The HFRI Index returned +8.8% YTD thru August (Sep numbers N/A).
We do not seek to mimic the returns of the S&P 500 and there will be variances in our performance.

Q3 2023 hedge fund letters, conferences and more

While our portfolio has been performing well, we must remember that returns can be lumpy, and...

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Jacob Wolinsky

Jacob Wolinsky is the ex-Founder of Valuewalk.com (founded 2011, sold 2023). He is founder of HedgeFundAlpha (formerly ValueWalk Premium), a hedge fund focused intelligence service for institutional investors. Prior to founding Valuewalk, Jacob covered small caps, worked recruiting members for a large hedge fund community and freelance financial journalism. Jacob lives with his wife and five kids in Passaic Park NJ. - Email: jacob(at)hedgefundalpha.com. For confidential inquires email me for my Signal ID. Other methods of secure communication are also available. FD: Most of my portfolio is in I mostly purchase broad-based ETFs, mutual funds or individual bonds - I do this for performance reasons and to avoid any potential conflict of interest or occasional receipt of insider information. I will disclose if I have a stake in any company, but in general I have few stocks and I avoid any trading especially around topics I am covering.

Black Bear Value Fund Q3 Letter

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