Bristol Gate Capital Partners, an investment management company, recently released its Q3 2026 investor letter for “Canadian Equity Strategy”. A copy of the letter can be downloaded here. The strategy underperformed the S&P/TSX Composite Total Return Index, which gained 1.6% in the third quarter of 2026, as market returns were concentrated in a handful of large stocks. The strategy struggled to keep pace because technology and materials led the market, while defensive and rate-sensitive...
