David Nierenberg submits:
David Nierenberg is founder of the D3 Family Funds, long term, actively engaged investors in a concentrated portfolio of public, growth at the right price (GARP) micro-cap companies. D3 reports that in the ten years ended December 31, 2009, its investors gained an average of 8.16% per year.
We had the opportunity to ask David about his highest conviction holding, and he selected online realtor services company Move Inc. (MOVE), which competes with privately held Zillow, and publicly traded Market Leader (LEDR) and ZipRealty (ZIPR).