Technology Equity Research Analyst

Daimyo — Los Angeles, CA

Job Summary:

Daimyo, a Multi-Strategy Hedge Fund, is seeking a highly analytical Technology Equity Research Analyst to join our Fundamental Value Public Markets Investment Team based in Los Angeles, California. The role's responsibilities will be centered on researching and analyzing publicly traded companies across the technology and deep tech landscape, with a specific mandate on small and mid cap names, semiconductors, software infrastructure, hardware, AI/compute, and other emerging technology verticals.

The Analyst will be responsible for identifying high conviction mispriced small and mid cap opportunities with asymmetrical return potential as well as names positioned as credible acquisition targets, with direct involvement in security selection across both Value and Growth strategies. The role requires a deep understanding of technological framework, patent filings, product roadmaps, technical architecture, and someone who is genuinely fluent in the construction of the technology itself. The role requires deep fundamental research, rigorous financial modeling, and the development of clearly articulated investment theses supported by data-driven analysis and independent thinking. Candidates must be capable of synthesizing complex technical, competitive, regulatory, and financial information into actionable investment conclusions, and must be able to clearly explain why a company is investable, or not, with all conclusions supported by concise, well-documented research and evidence. The ability to utilize Second Level Thinking is a must.

This role demands strong research skills, disciplined problem-solving, and thorough critical thinking. Collaboration is expected and encouraged. The Analyst will interface regularly with senior investment staff, portfolio managers, traders, company management teams, sell-side analysts, engineers, technologists, data specialists, and industry consultants whose insights may inform investment decisions. Intellectual curiosity, effective communication, and the ability to both challenge and refine one's own investment theses are essential.

Candidates may submit their resumes with cover letter to Kc@DaimyoCP.com. All inquiries will be treated confidentially.

Key Responsibilities

• Conduct in-depth fundamental research to identify impactful investment opportunities across small- and mid-cap technology, deep tech, semiconductors, software infrastructure, and hardware.

• Drive security selection across the technology sector in conjunction with the Portfolio Manager.

• Research new investment ideas and conduct maintenance research on existing portfolio holdings.

• Monitor and analyze technology cycles, competitive dynamics, regulatory developments, and industry structural shifts impacting small and mid-cap tech.

• Build and maintain detailed financial models, dashboards, and valuation frameworks to assess unit economics, product cycle timing, margin durability, and intrinsic value.

• Develop and communicate investment ideas tailored to the firm's investment philosophies, clearly articulating buy, hold, and sell recommendations.

• Effectively communicate, explain, and defend investment ideas to senior investment staff and the Portfolio Manager.

• Assist in the development of research driven investment theses and assemble detailed presentations to support capital allocation decisions.

• Collaborate closely with portfolio managers, analysts, traders, and other team members to support investment execution and risk assessment.

• Attend industry related events and conferences domestically and globally as needed.

Research & Modeling Responsibilities

• Build and maintain models capturing revenue drivers, unit economics, and technology adoption curves for small and mid-cap tech names.

• Develop forecasting tools for total addressable market (TAM) evolution, market share shifts, and product cycle timing.

• Build and maintain screening frameworks to identify mid-cap names with credible acquisition or strategic buyer profiles, including takeout multiple and premium analysis.

• Analyze technical differentiation, product architecture, and competitive moats with sufficient depth to independently assess durability of a company's advantage.

Market Monitoring & Reporting

• Track and analyze regulatory developments (including export controls, antitrust matters, and data privacy regulation), technology cycles, and competitive product launches impacting small- and mid-cap tech.

• Prepare and distribute daily, weekly, and monthly reports on price movements and market fundamentals for traders, management, and internal stakeholders.

• Maintain familiarity with SEC filings, earnings call transcripts, patent databases, industry trackers (e.g., Gartner, IDC, SEMI), and alternative data sources used to identify inflection points ahead of consensus.

Collaboration & Strategy Support

• Work closely with traders to identify trading and investment opportunities and assess associated risks.

• Provide timely and accurate market intelligence to support trading, portfolio construction, and risk management decisions.

• Contribute to the build-out of a research and fundamentals platform supporting the technology investment strategy.

Process Improvement & Innovation

• Enhance the use of IT tools, automation, and data workflows to improve research efficiency and information flow.

• Improve communication and knowledge-sharing across teams and departments.

• Contribute to additional start-up and ad hoc initiatives in a fast-paced investment environment.

Qualifications

• At least 5 years of equity research experience, with a minimum of 3 years on the buy-side. This is a senior mandate, we are not looking for someone just starting their career.

• Deep knowledge of technology markets, particularly the small and mid-cap space, spanning deep tech, semiconductors, software infrastructure, hardware, and emerging technology verticals.

• Series 63 and Series 7 licenses required.

• CFA charter preferred, though not mandatory.

• Bachelor's or advanced degree in Computer Science, Electrical Engineering, Data Science, or a related technical field strongly preferred; Bachelor's degree in Business, Finance, or a related field also considered. Track record and depth of technical fluency will carry more weight than pedigree alone.

• Strong analytical skills with proficiency in Excel, SQL, and Bloomberg Terminal; working knowledge of Python or similar data tools is a plus.

• Experience across equities, derivatives, and futures markets.

• Extensive knowledge of technology sector M&A dynamics, strategic buyer behavior, and take-private/take-out valuation frameworks.

• Demonstrated ability to read and interpret technical documentation, patent filings, and product architecture with genuine fluency, not secondhand, sell-side interpretation.

• Strong problem-solving skills and exceptional attention to detail.

• Ability to utilize second-level thinking to generate differentiated investment ideas.

• A citable and documented track record of investment success.

Desired Personal Attributes

• Independent thinker with a high level of intellectual curiosity and a genuine, personal interest in technology; the kind of person who follows chip architecture and product cycles even outside of work.

• Willingness to challenge conventional wisdom and take contrarian views when appropriate.

• Openness to reassessing and changing investment theses when facts change.

• Strong work ethic and demonstrated passion for investing in public markets.

• Excellent written and verbal communication skills.

• Ability to work effectively in a small, collaborative team environment.

Additional Information

Employment offers will be based on a variety of factors including, but not limited to, a candidate's skills, experience, and relevant education and/or training. This position may be eligible for an additional bonus incentive based on investment performance over both the short and long term. Employees are required to be in the office on a scheduled frequency, and adherence to this schedule is essential to fulfilling the expectations of the role.

Daimyo Holdings believes all individuals are entitled to equal employment opportunity and advancement without regard to race, religious creed, color, sex, national origin, ancestry, physical disability, mental disability, medical condition, genetic information, marital status, gender, gender identity, gender expression, age for individuals forty years of age and older, military or veteran status, sexual orientation, or any other basis protected by applicable federal, state, or local laws. Daimyo Holdings does not discriminate or adopt any policy that discriminates against an individual or group on any of these bases.

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