One portfolio manager said there are currently opportunities for investors in small-cap tech companies. 

Grant White, a portfolio manager and investment advisor at iA Private Wealth, told BNN Bloomberg on Tuesday that he sees more upside from smaller tech companies than larger ones – and said those smaller names are an unrecognized opportunity in the market.

“We're looking to take a much more diversified approach to it, but (we are) getting access to those areas of the market that have largely been left untapped and frankly overlooked by the nature of people just focusing in on big tech, like Meta and Amazon and Alphabet,” White said in a television interview. 

Within the Canadian market, he pointed to Tiny Ltd., a holding company with subsidiaries across a diverse range of businesses. However, White said he has larger positions outside of Canada. 

“What I like about Tiny is that they're taking a very disciplined approach to how they acquire other small tech companies,” he said. “By the nature of them being a holding company of small tech businesses, we're getting a very diverse approach to how we're buying into small-cap tech.” 

Amid higher borrowing costs, White said Tiny has had to use more of its cash to fund acquisitions in favour of debt.

Both Grant White and his clients own shares of Tiny.