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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|
|16+ YRS (As of: 09/06/2019)||15.92%||9.64%||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
|Large Cap : Blend||29.25%||1.96%|
|Large Cap : Growth||20.97%||0.60%|
|Mid Cap : Growth||17.78%||0.19%|
|Small Cap : Blend||13.95%||0.27%|
|Unclassified Market Cap : Unclassified Style||9.01%||0.30%|
|Small Cap : Growth||4.60%||0.57%|
|Micro Cap : Growth||3.04%||-0.34%|
|Micro Cap : Blend||1.09%||-0.14%|
|Small Cap : Value||0.30%||-0.04%|
The information below pertains to model data only.
|Fund Manager:||Total Model Net Assets:|
|Inception:||Ticker Symbol:||# of Securities:|
|October 30, 2002||NMF||20|
While always given wide latitude for adherence to any strategy description, generally the npile:NMF model fund takes a long-term approach to investing in U.S.-based companies perceived to have above- average long-term growth potential. Positions are usually scaled into (and out of) over a period of several months, or even years. The npile:NMF model fund also has a bias towards owning stocks in the biotech and high-tech sectors, though other industries and sectors are often represented in the portfolio as well. It is important to note that the strategy description remains very general, and Nate Pile has wide latitude for varying from this strategy over significant periods of time and as he sees fit.
|Last 3 Months||N/A|
|Last 6 Months||5.35%|
|Last 12 Months||10.77%|
|Period||Returns||S&P 500 Returns||Returns VS S&P 500|
|Last 3 Months||-0.03%||4.17%||-4.20%|
|Last 6 Months||0.94%||9.67%||-8.73%|
|Last 12 Months||-11.01%||5.62%||-16.63%|
|Last 3 Years||23.33%||44.72%||-21.39%|
|Last 5 Years||27.14%||64.45%||-37.31%|
|Last 10 Years||280.46%||257.65%||22.81%|