White Falcon Capital Management’s Q3 2023 Investor Letter

White Falcon Capital Management, an investment fund manager, released its third quarter 2023 investor letter. A copy of the same can be downloaded here. In the third quarter, the fund returned -4.5% compared to the S&P 500 (CAD), the MSCI All Country (CAD), and the S&P TSX’s returns of -0.9%, -1.2%, and -2.2%, respectively. After a great surge in the first half of the year, the market cooled off in the third quarter, and the portfolio lost some of its gains. In addition, please check the fund’s top five holdings to know its best picks in 2023.