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 Watch

  • 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.


    Some people have short memories. Not everyone was investing during the ferocious decline at the turn of the millennium. No one investing today, however, likely escaped the 50% decline in the S&P 500 index between October 2007 and March 2009, when index funds were anathema to investors who saw everything they had made in the previous bull evaporate.

      


  • Is Williams-Sonoma a Better Bargain Than Ever?

    (Published by Nicholas McCullum on March 19)


    The retail sector has been under pressure for some time now.

      


  • Multiple Vitamin Shoppe Insiders Reduce Holdings

    Several Vitamin Shoppe (NYSE:VSI) insiders have reduced their positions thus far in March.


    Director Richard Markee sold 100,000 shares of Vitamin Shoppe for $22.24 per share on March 3. He now owns 60,990 shares of the company.

      


  • Columbia Wanger Buys LCI Industries, Nasdaq

    Columbia Wanger (Trades, Portfolio) manages a portfolio composed of 197 stocks with a total value of $7.123 billion. During the fourth quarter the guru bought shares in the following stocks:


    The guru purchased 667,687 shares of LCI Industries Inc. (LCII), establishing a new position. The trade had an impact of 1.01% on the portfolio.

      


  • Testing Graham’s Net Current Asset Value Strategy, Part 2

    In the first part of this series testing Benjamin Graham’s net current asset value (NCAV) strategy, we reviewed different studies that confirmed the effectiveness of this strategy in regard to outperformance.


    But what about reality? No one can purchase every single net-net stock. You have to make choices, commissions must be paid. The spread between bid and ask prices can make it difficult or expensive to purchase these stocks.

      


  • Joel Greenblatt Cuts Hewlett Packard, Walt Disney, Oracle

    Joel Greenblatt (Trades, Portfolio) is 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. During the fourth quarter the guru sold shares in the following stocks:


    The investor reduced his shares in Hewlett Packard Enterprise Co. (HPE) by 68.53% with an impact of -0.84% on the portfolio.

      


  • Stocks Steven Cohen Continues to Buy

    Steven Cohen (Trades, Portfolio), a billionaire hedge fund investor, is the founder of SAC Capital Advisors, a Stamford, Connecticut-based hedge fund that he continues to manage. He manages a portfolio composed of 668 stocks with a total value of $14.303 billion. In both the fourth and third quarters of 2016 the guru bought shares in the following stocks:


    LHC Group Inc. (LHCG)

      


  • Testing Graham’s Net Current Asset Value Strategy, Part 1

    There have been various studies analyzing the performance of Benjamin Graham’s strategy of purchasing stocks trading below net current asset value (NCAV). These stocks are also called net-nets. Graham developed and tested this criterion in the early 1930s and first described his net current asset value rule for stock selection in the 1934 edition of ”Security Analysis.”


    The common definition of net current asset value is:

      


  • A Good Long Idea in the Past, Most Valuable in the Future

    Philip Morris International Inc. (NYSE:PM), the largest publicly traded manufacturer and marketer of tobacco products, sells cigarettes all over the world.


    Intangible assets

      


  • AbbVie Regimen Recommended for HCV Infection

    AbbVie Inc. (NYSE:ABBV) communicated through the PRNewswire Monday that it received a positive feedback from the European Committee for Medicinal Products for Human Use (CHMP) about the possibility of using VIEKIRAX plus EXVIERA in a combined therapy of eight weeks to treat chronically genotype 1b HCV-infected adult patients.


    These patients are naïve to any kind of HCV treatment, and their liver shows some scar tissue forms from minimal to moderate. Therefore, they are noncirrhotic yet.

      


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