Joel Greenblatt

Joel Greenblatt

Last Update: 02-14-2017

Number of Stocks: 926
Number of New Stocks: 237

Total Value: $7,757 Mil
Q/Q Turnover: 33%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Joel Greenblatt' s Profile & Performance

Profile

Known for the invention of Magic Formula Investing, and founder of the New York Securities Auction Corporation (NYSAC). Greenblatt is founder and managing partner of Gotham Asset Management, LLC. He is the author of two investment books, including Joel Greenblatt: The little Book that Beats the Market. He is also an Adjunct Professor with Columbia Business School.

Investing Philosophy

Greenblatt tries to find cheap and good companies. He looks for value with a catalyst, so nice things happen sooner. Greenblatt likes special situations, and thinks that they are simply different places to find cheap stocks. In his own hedge fund, Greenblatt uses the basic principals in the Magic Formula: Look for high ROC and high earnings yield. He tries to figure out what "normalized earnings" will be 3-4 years into the future. Greenblatt makes sure the stock is very cheap based on normalized earnings. He is very concentrated in investing, 5 to 8 securities can make up 80% of his portfolio. One position could be as high as 30%.

Total Holding History

Performance of Gotham Absolute Return Fund

YearReturn (%)S&P500 (%)Excess Gain (%)
20167.9611.96-4.0
2015-10.241.38-11.6
20149.3113.69-4.4
3-Year Cumulative5.9 (1.9%/year)29 (8.9%/year)-23.1 (-7%/year)
201329.8132.39-2.6

Top Ranked Articles

On Diversification Diversification is not an easy subject, but by analyzing data and applying some logic you can narrow down an optimal strategy
​The age-old question of exactly how many stocks to hold is likely never going to be definitively answered. There are entire books, even courses, on the subject after all. Since portfolio construction is more of an art than a science, in this post I want to break down relevant studies, examine historical data and analyze some of the best investors in an attempt to come up with the optimal strategy. As always, please share your comments and thoughts below! Read more...
Calculating the Return on Incremental Capital Investments As a business owner, you want to know where you can reinvest your company’s excess cash flow and what rate of return you can get from those investments.
“Leaving the question of price aside, the best business to own is one that over an extended period can employ large amounts of incremental capital at very high rates of return.” –Warren Buffett (Trades, Portfolio), 1992 Shareholder Letter Read more...
Does Joel Greenblatt’s Magic Formula Have a Solution for Value Investors? Exploring the Magic Formula and assessing its potential
When investment guru Joel Greenblatt (Trades, Portfolio) taught at an Ivy League college, he would welcome each new class with a request: Shout out the names of big, well-known public companies. After getting the names, Greenblatt would pull out a newspaper (yes, we depended on newspapers for that sort of thing in the not so distant past), then announce the current price, the 52-week low and the 52-week high for each of them. Read more...
18 Questions With John Huber of Saber Capital Management Goal: 'Make meaningful investments in high-quality businesses at attractive prices'
1. How and why did you get started investing? What is your background? Read more...
25 Questions With Chris DeMuth Jr. of Rangeley Capital 'If it is legal and there is limited liability, I would be delighted to invest in anything at the right price'
Chris DeMuth Jr. is the founder of Rangeley Capital LLC. Rangeley is an investment firm that focuses on event-driven, value-oriented investment opportunities. Rangeley Capital and DeMuth's value investing forum, Sifting the World (StW), search the world for misplaced bets. Rangeley exploits them for its investors and DeMuth writes about them on StW Read more...
» More Joel Greenblatt Articles

Commentaries and Stories

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Joel Greenblatt Talk at Google Notes on Greenblatt's speech Joel Greenblatt - Joel Greenblatt Talk At Google
Guru Joel Greenblatt (Trades, Portfolio) is kind of unique in the sense that he understands quantitative investing really well but still believes doing old-school analysis adds value to that process. He's a perfect guest for a Google Talk on investing and I was delighted to see he made an appearence there. More...

LONG, GREENBLATT, APPLE, TECH,


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Will These Stocks Continue to Rise? These stocks are outperforming the Standard & Poor's 500 Jim Simons,Joel Greenblatt,Caxton Associates,Steve - Will These Stocks Continue To Rise?
According to GuruFocus' All-in-One Guru Screener, the following are some of the stocks that have outperformed the Standard & Poor's 500 Index over the last 12 months and were bought by gurus during the last quarter. More...

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Growing Earnings for 7 Undervalued Stocks These companies have strong earnings and margins of safety Jim Simons,Joel Greenblatt,Paul Tudor Jones,Ken Fi - Growing Earnings For 7 Undervalued Stocks
Companies with growing earnings per share (EPS) are often good investments as they can return a good profit to investors. Here is a selection of the most undervalued companies, according to the DCF calculator, that have five-year growing EPS. More...

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7 of the Worst-Performing Stocks in Gurus' Portfolios Stocks with negative 6-month performances Jim Simons, Joel Greenblatt, Steven Cohen, Mario G - 7 Of The Worst-Performing Stocks In Gurus' Portfolios
While gurus hold positions in these companies, the stock price and returns continue to fall. These are the worst-performing stocks over the last three months with a long-term presence in more than four gurus’ portfolios. More...

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Abbott's St. Jude Medical Hit With FDA Warning Letter Letter was in response to company's failure to address issues concerning cardiac devices Joel Greenblatt, Keeley Asset Management Corp, Mar - Abbott's St. Jude Medical Hit With FDA Warning Letter
In a warning letter dated April 12, the U.S. Food and Drug Administration criticized Abbott Laboratories (NYSE:ABT) for neglecting to properly investigate and resolve issues related to cybersecurity threats and a battery malfunction in its cardiac devices. More...

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Barrick Gold Risks Suspension of Operations at Argentine Mine Veladero's full suspension may influence Canadian miner's production Joel Greenblatt,John Rogers,First Eagle Investment - Barrick Gold Risks Suspension Of Operations At Argentine Mine
Argentina's environmental ministry asked for Barrick Gold’s (NYSE:ABX) temporary cessation of all operations at the Veladero mine, Reuters.com reported April 7, because of the breakage of a pipe carrying the cyanide solution that is spread over the heap’s surface to leach the precious metal on March 28. More...

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6 Stocks Trading Below Peter Lynch Value Stocks trading with wide margins of safety Jim Simons, Joel Greenblatt, Chuck Royce, Murray S - 6 Stocks Trading Below Peter Lynch Value
According to the GuruFocus All-in-One Screener, several gurus are focusing on stocks whose Peter Lynch fair values are far above the current prices. The following stocks are trading with wide margins of safety and have positive performances over the past 12 months. More...

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Newmont Mining Reports Management Change The largest gold mining company in the US appoints new leadership in the Australian business Donald Smith,Joel Greenblatt,David Dreman,Mario Ga - Newmont Mining Reports Management Change
Newmont Mining Corp. (NYSE:NEM) announced a change in its top management Monday. More...

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Is the S&P 500 the Right Portfolio for You? Take a look at these charts and decide what is best for you Joel Greenblatt - Is The S&P 500 The Right Portfolio For You?
The U.S. is the world’s biggest free-market economy. Over many years, the value of stocks traded on U.S. stock markets (as judged by market cap) have traditionally fluctuated between 33% and 43% of all publicly traded issues worldwide. More...

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Joel Greenblatt Dividend Stocks in Focus: Seagate Technology See the investment prospects of investment guru Joel Greenblatt's holding Seagate Technology examined in detail Joel Greenblatt - Joel Greenblatt Dividend Stocks In Focus: Seagate Technology
Published by Bob Ciura on April 1st, 2017 More...

DIVIDENDS


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Joel Greenblatt Dividend Stocks in Focus: Staples See the investment prospects of guru Joel Greemblatt holding Staples analyzed in detail Joel Greenblatt - Joel Greenblatt Dividend Stocks In Focus: Staples
(Published by Bob Ciura on March 31) More...

DIVIDENDS, OFFICE PRODUCTS, RETAIL


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Joel Greenblatt Dividend Stocks in Focus: Garmin Exploring the investment prospects of a navigational device manufacturer Joel Greenblatt - Joel Greenblatt Dividend Stocks In Focus: Garmin
(Published by Bob Ciura on March 30) More...

DIVIDENDS, JOEL GREENBLATT


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Joel Greenblatt Dividend Stocks in Focus: Gap In spite of tough times, stock could be an enticing turnaround play Joel Greenblatt - Joel Greenblatt Dividend Stocks In Focus: Gap
(Published by Bob Ciura on March 29) More...

DIVIDENDS, RETAIL


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21 Questions With Jason Rivera of Rivera Holdings 'These companies are more obscure, less followed, and generally don’t rise with the market, they only rise with sustained good results' Joel Greenblatt - 21 Questions With Jason Rivera Of Rivera Holdings
1) What is the best investment advice you have ever been given? More...

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20 Questions With Tom Vilord of Vilord Wealth Advisors 'You certainly do not need a calculus background to do this stuff' Joel Greenblatt,Mohnish Pabrai - 20 Questions With Tom Vilord Of Vilord Wealth Advisors
1. What is the best investment advice you have ever been given? More...

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20 Questions With Jeremy Bailey of Burgeon Group 'You should be OK with the worst-case scenario because sometimes it happens to a company' Warren Buffett,Joel Greenblatt - 20 Questions With Jeremy Bailey Of Burgeon Group
Jeremy Scott Bailey is an investor, author, entrepreneur and host of the "What Works In Investing?" podcast now available on iTunes. He is the founder and CEO of Burgeón Group Inc., an investment advisory firm that focuses on serving families and individuals through active management. More...

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Undervalued Stocks With Growing Book Values Stocks trading with wide margins of safety Arnold Van Den Berg,Joel Greenblatt,Chuck Royce,Je - Undervalued Stocks With Growing Book Values
The following companies have a growing Book Value per Share over the last 10 years. More...

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Joel Greenblatt Raises Holdings of CVS Health, Priceline, HP The guru's largest buys of the 4th quarter Joel Greenblatt,Pioneer Investments,Jim Simons,NWQ - Joel Greenblatt Raises Holdings Of CVS Health, Priceline, HP
Joel Greenblatt (Trades, Portfolio) is known for the invention of Magic Formula Investing and founder of the New York Securities Auction Corp. (NYSAC). During the fourth quarter the guru bought shares of the following stocks: More...

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Gotham Index Plus: A Better Way to Invest? Greenblatt and Goldstein offer a compelling alternative in index investing Joel Greenblatt - Gotham Index Plus: A Better Way To Invest?
In an article I wrote for our subscribers over the weekend, I noted that toward the end of a bull cycle, the market still goes up but many, ultimately giving way to most, stocks do not. That conundrum is explained because it is mostly the large-cap names always in the news (which have already moved up significantly) that see the greatest inflows. This is the phase in which previously skeptical or on-the-sidelines investors see nothing but great reports, earnings beats and, of course, Wall Street projections that say not only is the bull not fading, the next bull cycle is just getting started. This is when the somnambulists finally buy so they do not feel like they have missed the entire party. More...

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Is Williams-Sonoma a Better Bargain Than Ever? The retailer's investment prospects after its recent price decline Joel Greenblatt,David Dreman,Ray Dalio,Ken Fisher - Is Williams-Sonoma A Better Bargain Than Ever?
(Published by Nicholas McCullum on March 19) More...

DIVIDENDS, RETAIL


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