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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Themes | Quick Take |
|---|---|---|---|---|---|---|---|
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"JDP Capital's Survivor & Thriver Fund posted a strong 19.2% return in Q2 2025, driven by a powerful performance from Spotify and selective value additions in Chinese tech, including battery giant CATL."
Survivor & Thriver Fund returned 19.2% in 2Q 2025 and 16.8% in the first half of the year, outperforming the S&P 500. The fund's largest position, Spotify, generated massive performance contributions, further catalyzed by successful legal victories against Apple in the US and EU that will enable direct billing. The manager also added a new position in CATL, the global leader in EV battery manufacturing and energy storage software systems, highlighting its deeply discounted valuation and exposure to the growing Virtual Power Plant megatrend.
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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: JDP Capital's Survivor & Thriver Fund posted a strong 19.2% return in Q2 2025, driven by a powerful performance from Spotify and selective value additions in Chinese tech, includin...
Growth Outlook
Market outlook remains above average conviction: JDP Capital's Survivor & Thriver Fund posted a strong 19.2% return in Q2 2025, driven by a powerful performance from Spotify and selective value additions in Chinese tech, includin...
Risk Appetite
Risk appetite posture is above average conviction: JDP Capital's Survivor & Thriver Fund posted a strong 19.2% return in Q2 2025, driven by a powerful performance from Spotify and selective value additions in Chinese tech, includin...
Capital Deployment
Manager actively deployed capital into high-conviction opportunities. JDP Capital's Survivor & Thriver Fund posted a strong 19.2% return in Q2 2025, driven by a powerful performance from Spotify and selective value additions in Chinese tech, includin...
Forward Guidance
Forward guidance signal: JDP Capital's Survivor & Thriver Fund posted a strong 19.2% return in Q2 2025, driven by a powerful performance from Spotify and selective value additions in Chinese tech, includin...
Language Signal
Tone analysis indicates high conviction language: JDP Capital's Survivor & Thriver Fund posted a strong 19.2% return in Q2 2025, driven by a powerful performance from Spotify and selective value additions in Chinese tech, includin...
Perceived Risk
Perceived risk level is evaluated as moderate conviction. JDP Capital's Survivor & Thriver Fund posted a strong 19.2% return in Q2 2025, driven by a powerful performance from Spotify and selective value additions in Chinese tech, includin...
Opportunity Density
Opportunity density index indicates above average conviction actionable entry points. JDP Capital's Survivor & Thriver Fund posted a strong 19.2% return in Q2 2025, driven by a powerful performance from Spotify and selective value additions in Chinese tech, includin...
Time Horizon
Investment time horizon reflects a high conviction orientation. JDP Capital's Survivor & Thriver Fund posted a strong 19.2% return in Q2 2025, driven by a powerful performance from Spotify and selective value additions in Chinese tech, includin...
