Season the beef stew meat evenly with sea salt and black pepper.
Heat olive oil in a heavy-bottomed pot or Dutch oven over medium-high heat and sear the beef until browned on all sides.
Remove the beef from the pot and set aside, then add the carrots, pearl onions, and mushrooms to the same pot, sautéing until they begin to soften.
Stir in the minced garlic and tomato paste, cooking for 1 minute until the mixture is fragrant and slightly darkened.
Pour in the red wine to deglaze the pan, using a wooden spoon to scrape up any flavorful browned bits from the bottom.
Return the beef to the pot and add the beef bone broth, dried thyme, and bay leaf.
Bring the liquid to a gentle simmer, then cover and reduce heat to low, cooking for 60 to 90 minutes until the beef is fork-tender.
Remove the bay leaf and garnish with fresh chopped parsley before serving warm.