White Falcon Capital Management’s Q1 2026 Investor Letter

White Falcon Capital Management, an investment fund manager, released its first-quarter 2025 investor letter. In the tough and volatile first quarter, White Falcon delivered a net return of -6.1%, vs. the S&P 500 TR’s (CAD) -3.1%, MSCI AC TR’s (CAD) -0.6%, and the S&P TSX TR’s 4.0% returns. In the quarter, the software and services sector faces a downturn due to AI-related risks, but the firm emphasizes long-term performance over short-term results. The White Falcon portfolio aims for positive risk-adjusted returns, diverging from market indexes. The software sector presents a long-term opportunity, leading to increased allocation to essential software companies with competitive advantages. Another significant event this quarter was the conflict in Iran. White Falcon’s investment approach during any conflict is to maintain its portfolio exposure without making drastic changes. In addition, please check the Fund’s top five holdings to know its best picks in 2026.

A copy of White Falcon Capital Management’s Q1 2026 investor letter is available to download here.