Worm Capital’s Q2 2021 Investor Letter

Worm Capital LLC, an investment management firm, published its “Longleaf Partners Small-Cap Fund” second quarter 2021 investor letter – a copy of which can be downloaded here. A portfolio quarterly return of -15.18% net of fees, was recorded by the Worm Capital’s long/short equity growth strategy for the second half of 2021, and -1.49% for its long-only equity strategy, while its benchmark, the S&P 500 Index, by comparison returned 15.25% over the same period. You can view the fund’s top 5 holdings to have an idea about their top bets for 2021.