About Us
A global technology long-only equity strategy focused on investing in overlooked and undervalued public equity opportunities.
Our Firm
Based in Palo Alto, CA, Shepherd Investment Management is a Registered Investment Advisor specializing in public equity. We are 100% employee-owned, with significant founder capital ensuring deep alignment with our institutional partners.
Our strategy is powered by tech-driven, first-principles research, identifying undervalued companies in technology and adjacent sectors to deliver sustainable, long-term returns. We offer this approach through separately managed accounts.
Why "Shepherd"?
The name was inspired by Harper
, our founder's Australian Shepherd doodle. It reminds us to think independently, lead with conviction, and never be a sheep.
Investment Team
Jess Xu - Founder, Managing Partner
Jess Xu, Founder and Managing Partner, leads Shepherd's global technology equity strategy. With a decade in public equity investing, Jess was formerly a Vice President at BlackRock and a founding member of its Global Technology Funds (e.g., BGSAX). She was instrumental in the funds' growth from $2B to $25B AUM, delivering an 18% annualized return and a top 1% category ranking over 10 years.
At BlackRock, Jess was a lead technology analyst (internet, services, hardware) and spearheaded data initiatives, architecting a proprietary research platform that enhanced their fundamental investment strategy. She holds B.S. Business Administration (Haas) and B.A. Statistics degrees from UC Berkeley, informing her cross-disciplinary approach to identifying undervalued technology investments.