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Russian (RU) Soumya Eswaran
Mon, Jul 14, 2025, 8:18 AM 3 min read
In This Article:
Black Bear Value Partners, an investment management firm, published its second-quarter 2025 investor letter. A copy of the letter can be downloaded here. Black Bear Value Fund returned -3.0% in June and -10.5% in the quarter, and -11.7% YTD. The S&P 500 returned +5.1% June, +10.9% in the quarter, and +6.2% year-to-date. HFRI Value Index returned +3.1% in June, +7.7% in the quarter, and +7.1% year-to-date. In addition, please check the fund’s top five holdings to know its best picks in 2025.
In its second quarter 2025 investor letter, Black Bear Value Partners highlighted stocks such as Warrior Met Coal, Inc. (NYSE:HCC). Warrior Met Coal, Inc. (NYSE:HCC) produces and exports non-thermal metallurgical coal for the steel industry. The one-month return of Warrior Met Coal, Inc. (NYSE:HCC) was 13.06%, and its shares lost 27.37% of their value over the last 52 weeks. On July 11, 2025, Warrior Met Coal, Inc. (NYSE:HCC) stock closed at $52.97 per share with a market capitalization of $2.784 billion.
Black Bear Value Partners stated the following regarding Warrior Met Coal, Inc. (NYSE:HCC) in its second quarter 2025 investor letter:
"Warrior Met Coal, Inc. (NYSE:HCC) is a leading metallurgical coal producer (coal used to steel production). Currently the bulk of HCC’s FCF is being invested in a capital project that will be concluding this year. Once the business winds down their investment period they will gush cash.
An aerial shot of the Brookwood, Alabama landscape, with coal processing plants in the background.
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