Plough Penny Advisors is a long/short TMT equity hedge fund based in New York City.
We are a long-term oriented investment firm focusing on category-defining technology companies in the public markets. We invest globally across the internet, software, and payments industries with a rigorous fundamental-research driven process. We aim to generate superior absolute returns over a multiyear period through concentrated investments in innovative growth companies with visionary management. Decades of investing in both public and private technology companies has provided us the pattern recognition to identify compelling investments.
We aspire to donate the majority of the firm’s profits after all expenses to the best environmental conservation non-profits in the world.
Judson Traphagen is the founder and PM of Plough Penny Partners. He has served as portfolio manager for over 10 years, having previously managed his family’s family office (running a public portfolio, investing in other funds, and making direct PE investments). Jud received his MBA from Columbia Business School in 1993 and BA from Denison in 1989. Jud serves on the investment committee for the Eaglebrook School endowment, on the board of the Lang Center for Entrepreneurship at Columbia Business School and also on the board of the Teak Fellowship. He is married with three children.
Quarterly Letters to LPs
Click a thumbnail to view or download our Quarterly Letters.