Black Bear Value Fund released its Q4 2025 investor letter, reporting a +0.2% return in December and a -12.6% return for 2025. The S&P 500 returned +0.1% in December and +17.9% in 2025. The Fund underperformed due to not replicating the Index. They expect a significant rerating in their top holdings for 2025.

Builders FirstSource, Inc. (NYSE: BLDR) is a building material provider based in Texas. The stock had a 0.27% one-month return and lost 20.10% over 52 weeks. On February 6, 2026, the stock closed at $124.42 with a $13.758 billion market cap. Black Bear Value Fund sees potential in the company.

Black Bear Value Fund commented on Builders FirstSource, Inc. (NYSE: BLDR) in their investor letter, noting a 28% decline in 2025 despite strong fundamentals. The company is expected to generate significant free cash flow in 2025. They remain optimistic about the long-term prospects of the business.

Hedge funds are divided on Builders FirstSource, Inc. (NYSE: BLDR), with 72 holding it in Q3 2025 compared to 74 in the previous quarter. Some prefer AI stocks for better returns. Another article covers Heartland Value Plus Fund’s views on BLDR. Check out more investor letters for insights.

For more insights, check out the Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. This article was originally published on Insider Monkey. No disclosures.

Read more at Yahoo Finance: Black Bear Value Fund Aligns with the Long-Term Thesis for Builders FirstSource (BLDR)