Insights from DJD Strategies Latest Research Letter

DJD Strategies
January 2026

Dear Reader,

We are pleased to share the inaugural investor letter for DJD Strategies. This letter provides an overview of the portfolio framework, research themes, and positioning within a student-run investment simulation. The objective of this project is to develop disciplined portfolio construction, risk management, and research skills through a structured, hypothetical investment environment

DJD Strategies was established with a clear philosophy: capital should be allocated deliberately, with equal emphasis on opportunity and risk. Our approach is research-driven and risk-aware, combining data analysis with fundamental evaluation to inform investment decisions. We prioritize understanding downside risk, liquidity, and portfolio construction before pursuing upside potential. This framework is designed to remain consistent across market environments while allowing flexibility as conditions evolve.

The fund’s strategy emphasizes diversification, position sizing, and predefined risk controls. Rather than relying on predictions or short-term market narratives, we focus on building portfolios that are resilient and aligned with long-term objectives. Risk is continuously monitored, and exposures are adjusted as necessary to remain within established guidelines. We believe that a disciplined process, applied consistently over time, is the foundation for sustainable results.

As this is the fund’s initial period of operation, our primary focus has been on establishing infrastructure, refining our investment process, and ensuring operational discipline. Performance will be communicated transparently as a track record develops, and we remain committed to clear and honest reporting. Our priority at this stage is not speed, but quality—building a foundation that can compound responsibly over time.

Looking ahead, we remain focused on executing our strategy with patience and accountability. Markets will inevitably present periods of volatility and uncertainty, and our goal is to navigate these conditions with discipline rather than reaction. We view this as a long-term partnership and are committed to aligning our interests with those of our investors.

We appreciate your trust and support as we begin this journey. Should you have any questions or wish to discuss our approach in more detail, we welcome open communication.

Sincerely,
Dalton Droll
Chief Investment Officer (CIO)
DJD Strategies