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Spotify Technology S.A. (SPOT): JDP Capital’s Largest Holding

JDP Capital Management, an investment management company, released its “Survivor & Thriver Fund” first quarter 2025 investor letter. A copy of the letter can be downloaded here. The uncertainty surrounding the impact of tariffs on corporate earnings has led to significant volatility in individual stocks in the first quarter. In this environment, the fund was down 2% net to investors compared to a -4.2% return for the S&P 500, including dividends. For more information on the fund’s best picks in 2025, please check its top five holdings.

In its first-quarter 2025 investor letter, JDP...