Worm Capital: “General Motors (GM) isn’t Structured to Aggregate Marginal Gains to its New Line of EVs”

Worm Capital LLC, an investment management firm, published its third-quarter 2021 investor letter – a copy of which can be downloaded here. A portfolio quarterly return of -0.41% was recorded by the fund for the third quarter of 2021, while its benchmark, the S&P 500 TR Index, by comparison, returned -4.65% over the same period. You can view the fund’s top 5 holdings to have an idea about their top bets for 2021.

In the Q3 2021 investor letter of Worm Capital, the management firm...