1 Main Capital Partners’ Q1 2026 Investor Letter

1 Main Capital, a boutique investment firm, recently released its first-quarter 2026 investor letter. The fund returned -4.6% for the quarter, compared to -4.4% for the S&P 500 and +0.9% for the S&P 500 and the Russell 2000, respectively. Small-cap stocks started 2026 with significant momentum and continued to lead throughout the quarter. The overall macroeconomic environment remains supportive; however, the conflict in Iran has introduced a significant wildcard in the latter part of the...