White Falcon's Q3 2026 letter reports 2.7% quarterly and 4.6% year-to-date net returns. The letter can be downloaded here. Management attributes the underperformance mainly to a sharp September pullback, rising interest rates, and zero energy exposure. The portfolio remains concentrated in contrarian, value-oriented holdings. White Falcon emphasizes reassessing investment theses as AI accelerates industry change, while maintaining conviction in businesses with durable advantages and attractive long-term risk-reward potential. Additionally, reviewing the Strategy's top five holdings provides insight into its best positions for 2026.
Chung toi hien cong khai y chinh. Tao tai khoan mien phi de doc toan bo bai viet, luu, thao luan va ket noi voi boi canh thi truong va OSINT.