JDP Capital Management’s Q1 2026 Investor Letter

JDP Capital Management, an investment management company, released its “Survivor & Thriver Fund” first-quarter 2026 investor letter. In the first quarter, the fund declined 15.1% net to investors compared to the S&P 500’s -4.3% return. Concerns about AI destruction fears and consumer softness impacted market sentiment in 2025, particularly affecting interest rate-sensitive sectors. The beginning of 2026 saw the continuation of AI-disruption worries intensified by the war in Iran and rising oil prices. The letter highlighted Survivor and Thriver criteria for resilient businesses, including adaptability, pricing power, robust capital allocation, and alignment between management and shareholders. The firm believes that companies with insulated growth runways may become more valuable if the economic slowdown continues. Please review the Portfolio’s top five holdings to gain insights into their key selections for 2026.

 A copy of JDP Capital Management’s Q1 2026 investor letter can be downloaded here.