Most Volatile Position of Massif Capital: Enovix (ENVX)

Massif Capital, an investment management company, released its “Massif Capital Real Assets Strategy” fourth quarter 2024 investor letter. A copy of the same can be downloaded here. The strategy returned 0.04% net of fees, with gross of fee gains from the long book of 0.18% and short book returns of 0.03% in the fourth quarter. In 2024 the strategy was up 12.1% net of fees, with gross of fees gains from the long book of 12.1% and short book of 1.0%. The portfolio is up 6.6% as of January...