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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Themes | Quick Take |
|---|---|---|---|---|---|---|---|
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"Jackson Peak Capital gained +14.0% net in Q4 (+82.9% net for 2025) while proactively reducing net exposure from 55% to 25% amid stretched valuations and upcoming macroeconomic pivots."
Jackson Peak Capital delivered strong results in Q4 2025, returning +14.0% net (+82.9% net for full-year 2025), significantly outperforming its benchmarks. Amid signs of stretched valuations and late-quarter AI spending skepticism, the manager actively reduced net exposure from 55% in Q3 to 25% at year-end. This was accomplished by paring technology exposure and establishing a QQQ put hedge. Major contributors included Confluent (CFLT) on its announced acquisition by IBM and a newly established position in EchoStar (SATS). SATS acts as a discounted public play on SpaceX ahead of a potential 2026 IPO. Detractors included Core Scientific (CORZ), which the fund fully exited, GitLab (GTLB), and Papa John's (PZZA). Looking to 2026, the fund maintains a cautious net posture but sees rich fundamental and event-driven opportunities.
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Algorithmic conviction, macroeconomic posture, and risk appetite signals extracted from this quarterly letter with qualitative explanations.
Market Conviction
High-conviction positioning: Jackson Peak Capital gained +14.0% net in Q4 (+82.9% net for 2025) while proactively reducing net exposure from 55% to 25% amid stretched valuations and upcoming macroeconomic pivo...
Growth Outlook
Market outlook remains low conviction: Jackson Peak Capital gained +14.0% net in Q4 (+82.9% net for 2025) while proactively reducing net exposure from 55% to 25% amid stretched valuations and upcoming macroeconomic pivo...
Risk Appetite
Risk appetite posture is low conviction: Jackson Peak Capital gained +14.0% net in Q4 (+82.9% net for 2025) while proactively reducing net exposure from 55% to 25% amid stretched valuations and upcoming macroeconomic pivo...
Capital Deployment
Capital deployment remained balanced with selective rotation across positions. Jackson Peak Capital gained +14.0% net in Q4 (+82.9% net for 2025) while proactively reducing net exposure from 55% to 25% amid stretched valuations and upcoming macroeconomic pivo...
Forward Guidance
Forward guidance signal: Jackson Peak Capital gained +14.0% net in Q4 (+82.9% net for 2025) while proactively reducing net exposure from 55% to 25% amid stretched valuations and upcoming macroeconomic pivo...
Language Signal
Tone analysis indicates above average conviction language: Jackson Peak Capital gained +14.0% net in Q4 (+82.9% net for 2025) while proactively reducing net exposure from 55% to 25% amid stretched valuations and upcoming macroeconomic pivo...
Perceived Risk
Perceived risk level is evaluated as high conviction. Jackson Peak Capital gained +14.0% net in Q4 (+82.9% net for 2025) while proactively reducing net exposure from 55% to 25% amid stretched valuations and upcoming macroeconomic pivo...
Opportunity Density
Opportunity density index indicates above average conviction actionable entry points. Jackson Peak Capital gained +14.0% net in Q4 (+82.9% net for 2025) while proactively reducing net exposure from 55% to 25% amid stretched valuations and upcoming macroeconomic pivo...
Time Horizon
Investment time horizon reflects a above average conviction orientation. Jackson Peak Capital gained +14.0% net in Q4 (+82.9% net for 2025) while proactively reducing net exposure from 55% to 25% amid stretched valuations and upcoming macroeconomic pivo...
