Black Bear Value Partners reported a -3.0% return in June and -10.5% in the second quarter of 2025, with a YTD return of -11.7%. The S&P 500 had a +5.1% return in June, +10.9% in the quarter, and +6.2% YTD. HFRI Value Index returned +3.1% in June, +7.7% in the quarter, and +7.1% YTD. The fund highlighted Builders FirstSource, Inc. (NYSE: BLDR), which had a 19.31% one-month return and a 12.99% loss over 52 weeks, closing at $133.28 per share on July 2, 2025, with a market cap of $14.729 billion.

Black Bear Value Partners mentioned a structural housing shortage in the USA affecting Builders FirstSource, Inc. (NYSE: BLDR) due to higher mortgage rates limiting existing home supply. Despite not being in the 30 Most Popular Stocks Among Hedge Funds, 58 hedge fund portfolios held BLDR at the end of the first quarter, down from 59 in the previous quarter. BLDR’s sales decreased 6% to $3.7 billion in the first quarter. While acknowledging BLDR’s potential, the focus may shift towards AI stocks for greater upside potential and less downside risk.

Read more at Yahoo Finance.: Should You be Confident in Builders FirstSource’s (BLDR) Long-Term Strategy?