NGM Capital

Overview

NGM Capital is an investment firm specializing in public equity, employing a value-oriented, private equity-like approach to public market investing. The firm emphasizes patience, opportunism, and discipline in its investment strategy. With a time horizon measured in decades, NGM Capital aims to be a dependable partner to like-minded investors by generating world-class investment returns over the long term. The firm views stocks as fractional ownership in businesses, adopting an owner's mentality and operating conservatively with a margin of safety. NGM Capital manages a simple, long-biased, unconstrained investment strategy, focusing on exceptional businesses led by exceptional people. The firm maintains a reasonably concentrated, all-weather portfolio, making few rigorously researched and carefully selected investments. NGM Capital seeks to identify CEOs who think like owners and focus intently on driving per share intrinsic value over the long run. The firm's values include a deep care for its work and the people it collaborates with, operating with the attitude of a partnership and a relentless pursuit of excellence. NGM Capital's operating partner promises dedication and hard work in its pursuit of excellence, playing to win.

Investment Focus

• Exceptional companies led by exceptional people
• Durable economic characteristics
• CEOs who think like owners
• Focus on driving per share intrinsic value over the long run