What is Shepherd Investment Management's investment approach?

Shepherd makes high-conviction, benchmark-agnostic investments in a concentrated portfolio of global technology companies, using a patient, first-principles research process to identify durable, high-quality businesses believed to be undervalued.

What areas of technology does Shepherd focus on?

Shepherd invests across the global technology landscape: semiconductors, software infrastructure, enterprise and consumer hardware, internet platforms, fintech, and industrials, utilities, and energy. The firm uses deep, bottom-up fundamental analysis to seek undervalued companies with enduring competitive advantages.

How does Shepherd approach risk management?

Shepherd defines risk as the permanent loss of capital. The firm manages this by investing only in businesses it understands deeply, running a concentrated portfolio of its best ideas, and requiring a sufficient margin of safety in valuation.

What are Shepherd Investment Management's investment minimums and fees?

The typical minimum for a Separately Managed Account (SMA) is $1,000,000. The standard advisory fee is 1.0% per year, calculated quarterly in arrears. Full terms are provided in the firm's Form ADV Part 2A.

Who founded Shepherd Investment Management?

Shepherd was founded in 2024 by Jess Xu, formerly a Vice President at BlackRock and a founding member of BlackRock's Global Technology Funds, which grew from $2B to $20B AUM.

Where is Shepherd Investment Management located?

Shepherd Investment Management LLC is a state-registered investment adviser based in Palo Alto, California (CRD Number 332697).

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Disclaimers: For informational purposes only; not investment advice or an offer to buy/sell any security. Views may include forward-looking statements and may change. Investments involve risk, including loss of principal. Past performance is not indicative of future results. See full disclosures here.

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