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While there is no set formula Mr. Pile uses when choosing stocks, the first screen is always done at the fundamental level. For a company to even make it onto Nate’s list for consideration, it must have a compelling long-term growth story (be it a new product or a significantly better version of an existing product or service), and its management team must have a clear and sensible business plan against which investors can measure the company’s progress over the years. When looking at a company from this standpoint, Pile always asks himself a question he first saw posed several years ago in a book on Warren Buffet’s investment philosophy, namely “if the stock market closed for five years and we could not trade the stock again until the market re-opened, would we be still be happy buying the stock today?” If the answer is “yes,” then there is a chance the stock will make it into his portfolio.
Generally, speaking, Nate tends to build positions in stocks with a three- to five-year time period in mind, though as long as a company is continuing to execute on its business plan, he is likely maintain at least a partial position in the stock for a much longer period of time based on the old Wall Street maxim "When is the best time to sell a great growth company? Never!" In fact, many of the stocks in Nate's Marketocracy portfolio have been there since the early 2000s (albeit with some scaling-in and scaling-out along the way in response to changed market conditions).
Along with the above, it is also worth noting that, given his background, a majority of his picks tend to come from the biotech and high-tech sectors.
|(NMF) npile's Mutual Fund|
|MODEL INCEPTION (10/30/2002)||AVG. ANNUAL RETURN||S&P TOTAL RETURN||Actions|
|17+ YRS (As of: 10/31/2019)||15.92%||9.71%||View Fund Stats|
|RETURN PERIOD (As Of: 08/31/2019)||AVG. ANNUAL RETURN||S&P TOTAL RETURN||ACHIEVEMENTS|
|Show Fund Strategy|
|Click Here to View More Information About This Fund.|
JUL 18, 2018 | Forbes Article
Nate Pile's position in Nvidia appreciated 74% last year making his weighting in semiconductor stocks uncomfortably large. Recently, Nate trimmed his positions in Nvidia and bought more MannKind, Read More...
JAN 26, 2018 | Forbes Article
In the past 3 weeks, MannKind has tripled to $6.75, bringing the year-to-date return on Nate Pile's fund to 34.82%. Here's what's behind MannKind's strong gains and what Nate is doing about it. Read More...
OCT 10, 2017 | Forbes Article
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