Massif Capital’s Q4 2021 Investor Letter

Massif Capital, an investment management firm, published its fourth-quarter 2021 investor letter – a copy of which can be downloaded here.  The core portfolio for Massif Capital was up 7.2% net of fees during the fourth quarter of 2021. Year-to-date, the portfolio returned 23% net of fees. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.