Investing in Overlooked Technology Opportunities

A high-conviction portfolio of undervalued global tech, driven by first-principles research and technology.

About

Tech Investing. Beyond the Hype.

Shepherd Investment Management is a specialist investment firm, founded by Jess Xu in 2024, focused on publicly-traded global technology companies. Our fundamental strategy combines a rigorous, first-principles research process with proprietary technology to identify overlooked companies positioned for sustainable long-term risk-adjusted returns.

Our investment philosophy is designed for a perpetual timeframe and rooted in a contrarian idea: identifying enduring opportunities by focusing on the 'unchanged' amidst rapid technological evolution. This belief guides our patient, first-principles research process, where we prioritize long-term growth duration over reacting to fleeting market noise.

Our Approach

Investing Rewards Those Who Diverge from the Crowd

Our philosophy is rooted in independent thinking and unconventional processes. This philosophy translates directly into our distinct investment process:

Systematic Idea Generation

Instead of waiting for ideas, we proactively map the entire global tech universe. Our proprietary technology then filters out market noise, allowing us to identify the most compelling opportunities worth a deeper look.

First-Principles Conviction

We build deep conviction through exhaustive 'why' questioning, aiming to uncover the core, unchanging drivers of a business and distill complexity into a simple thesis.

Rigorous Valuation Framework

We subject each thesis to strict valuation discipline, employing two complementary methods to ensure every investment clears our expected return hurdle with a margin of safety.

Conviction-Led Portfolio

The result is a highly selective, benchmark-agnostic portfolio of 10-20 holdings. We define risk as permanent loss and manage it by concentrating capital in our most deeply understood ideas.