Night Watch Investment Management’s Q1 2026 Investor Letter

Night Watch Investment Management, an investment management firm, released its first-quarter 2026 investor letter. In Q1 2026, Night Watch Investment Management LP appreciated by 2.69% net of fees in a volatile environment. The market experiences volatility influenced by narratives, with initial AI disruptions affecting companies, though the portfolio benefited due to limited exposure. Subsequently, the war in Iran led to increased oil prices and corrections in physical businesses. The portfolio strategy emphasizes discovering individual businesses poised for earnings growth and understanding key drivers to adapt swiftly to changing conditions. In addition, please check the Strategy’s top five holdings to know its best picks in 2026.

A copy of Night Watch Investment Management’s Q1 2026 investor letter is available to download here.

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