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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Themes | Quick Take |
|---|---|---|---|---|---|---|---|
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"The JDP Survivor & Thriver Fund gained 12.8% in Q3 2025, driven by its 25% China allocation and Tesla. Manager Jeremy Deal remains highly constructive, arguing that historically high levels of investor pessimism represent a prime buying opportunity."
In Q3 2025, the JDP Survivor & Thriver Fund returned 12.8% net, outperforming the S&P 500's 8.1%. Performance was driven by Tesla and the fund's 25% China allocation (including CATL, Alibaba, and Tencent), which are benefiting from corporate restructurings and national self-sufficiency goals. Detractors included Caesars Entertainment (which the manager views as significantly undervalued) and Spotify (which is undergoing a planned CEO transition to co-CEOs in 2026). The letter highlights that falling AI compute costs are lowering barriers to entry for smaller firms. Finally, using the Daily News Economic Sentiment Index (DNSI), the manager argues that current extreme economic pessimism is historically a strong buy signal for equities, especially in growth and cyclically sensitive sectors.
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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: The JDP Survivor & Thriver Fund gained 12.8% in Q3 2025, driven by its 25% China allocation and Tesla. Manager Jeremy Deal remains highly constructive, arguing that historically hi...
Growth Outlook
Market outlook remains above average conviction: The JDP Survivor & Thriver Fund gained 12.8% in Q3 2025, driven by its 25% China allocation and Tesla. Manager Jeremy Deal remains highly constructive, arguing that historically hi...
Risk Appetite
Risk appetite posture is above average conviction: The JDP Survivor & Thriver Fund gained 12.8% in Q3 2025, driven by its 25% China allocation and Tesla. Manager Jeremy Deal remains highly constructive, arguing that historically hi...
Capital Deployment
Manager actively deployed capital into high-conviction opportunities. The JDP Survivor & Thriver Fund gained 12.8% in Q3 2025, driven by its 25% China allocation and Tesla. Manager Jeremy Deal remains highly constructive, arguing that historically hi...
Forward Guidance
Forward guidance signal: The JDP Survivor & Thriver Fund gained 12.8% in Q3 2025, driven by its 25% China allocation and Tesla. Manager Jeremy Deal remains highly constructive, arguing that historically hi...
Language Signal
Tone analysis indicates above average conviction language: The JDP Survivor & Thriver Fund gained 12.8% in Q3 2025, driven by its 25% China allocation and Tesla. Manager Jeremy Deal remains highly constructive, arguing that historically hi...
Perceived Risk
Perceived risk level is evaluated as moderate conviction. The JDP Survivor & Thriver Fund gained 12.8% in Q3 2025, driven by its 25% China allocation and Tesla. Manager Jeremy Deal remains highly constructive, arguing that historically hi...
Opportunity Density
Opportunity density index indicates high conviction actionable entry points. The JDP Survivor & Thriver Fund gained 12.8% in Q3 2025, driven by its 25% China allocation and Tesla. Manager Jeremy Deal remains highly constructive, arguing that historically hi...
Time Horizon
Investment time horizon reflects a high conviction orientation. The JDP Survivor & Thriver Fund gained 12.8% in Q3 2025, driven by its 25% China allocation and Tesla. Manager Jeremy Deal remains highly constructive, arguing that historically hi...
