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What Made White Falcon to Trim Nu Holdings Ltd. (NU)?

White Falcon Capital Management, an investment fund manager, released its third quarter 2024 investor letter. A copy of the letter can be downloaded here. It was a good quarter for the fund fueled by precious metal royalty companies. In the third quarter, the fund returned 6.0% compared to a 4.5% return for the S&P 500 (CAD), 4.9% for the MSCI All Country (CAD), and 10.6% for the S&P TSX TR. In addition, please check the fund’s top five holdings to know its best picks in 2024.

White Falcon Capital Management highlighted stocks like Nu Holdings Ltd. (NYSE:NU), in the third quarter 2024...