Silver Beech Capital, a value-oriented investment management firm, released its second quarter 2023 investor letter. A copy of the same can be downloaded here. Year-to-date, the fund returned 14.1% compared to 14.5% for the S&P 500 Index and 4.4% for the Russell 2000 Index. The fund generated strong absolute and relative returns. In addition, please check the fund's top five holdings to know its best picks in 2023.