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Joel Greenblatt's Top Q2 Portfolio Increases

August 16, 2013 | About:
Monica Wolfe

Monica Wolfe

133 followers
Joel Greenblatt of Gothic Capital is often recognized for his invention of Magic Formula Investing, as the founder of New York Securities Auction Corporation and as the founder and managing partner of Gotham Capital. The following five companies are the five stocks that Greenblatt made the largest increase in holdings to during the first quarter.

According to his quarterly filings, Greenblatt now holds 840 stocks valued at over $2.34 billion.



Wells Fargo & Co (WFC)

Over the second quarter, Joel Greenblatt increased his position in Wells Fargo by 9026.82%. The guru purchased a total of 741,824 shares. He purchased these shares at around the average quarterly price of $38.97. Since then the price per share has increased approximately 9.7%.

As of the June 30, Greenblatt holds 750,042 shares of Wells Fargo, representing 0.01% of the company’s shares outstanding and 0.59% of his total portfolio.

Greenblatt’s holding history as of the second quarter:

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Wells Fargo provides financial services through subsidiaries engaged in various businesses, mainly: wholesale banking, agricultural finance, commercial finance, securities brokerage and investment banking, computer and data processing services, investment advisory services, mortgage-backed securities servicing and venture capital investment.

Wells Fargo’s historical revenue and net income:

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The Peter Lynch Chart suggests that the company is currently undervalued:

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Wells Fargo & Company has a market cap of $226.99 billion. Its shares are currently trading at around $42.75 with a P/E ratio of 11.70, a P/S ratio of 2.70 and a P/B ratio of 1.50. The company had an annual average earnings growth of 1.6% over the past 10 years.

Foot Locker (FL)

During the second quarter Greenblatt upped his stake in Foot Locker by 2478.96%. The guru purchased 208,084 shares around the quarterly average price of $34.48 per share. The price per share has increased 0.7% since then.

As of the close of the second quarter Greenblatt held on to 216,478 shares of Foot Locker, representing 0.14% of the company’s shares outstanding and 0.32% of his total portfolio.

Greenblatt’s holding history of FL as of the second quarter:

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The company is a global retailer of athletically inspired shoes and apparel. The Athletic Stores segment is one of the largest athletic footwear and apparel retailers in the world, whose formats include Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Footaction, and CCS.

Foot Locker’s historical revenue and net income:

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The Peter Lynch Chart suggests that the company is currently undervalued:

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Foot Locker has a market cap of $5.24 billion. Its shares are currently trading at around $34.73 with a P/E ratio of 13.10, a P/S ratio of 0.90 and a P/B ratio of 2.10. The company had an annual average earnings growth of 34.8% over the past five years.

Leapfrog Enterprises (LF)

During the second quarter, Greenblatt increased his position in Leapfrog 2170.47% by purchasing a total of 303,562 shares. He bought these shares at around the second quarter average price of $9.06. The price per share has increased 14.8% since then.

At the close of the second quarter Greenblatt held 317,548 shares of Leapfrog, representing 0.47% of the company’s shares outstanding and 0.13% of Greenblatt’s total portfolio.

Greenblatt’s holding history as of the second quarter:

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The Company designs, develops and markets a family of innovative technology-based learning platforms and related proprietary content for children of all ages at home and in schools around the world.

Leapfrog’s historical revenue and net income:

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The Peter Lynch Chart shows that Leapfrog currently appears to be undervalued:

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Leapfrog has a market cap of $710.3 million. Its shares are currently trading at around $10.40 with a P/E ratio of 7.50, a P/S ratio of 1.20 and a P/B ratio of 2.10.

Anixter International (AXE)

During the second quarter, Greenblatt upped his position in Anixter by 1854.71%. The guru bought a total of 77,935 shares at around the average quarterly price of $72.86. The price is up 16.2% since then.

Greenblatt now holds 82,137 shares of Anixter, representing 0.25% of the company’s shares outstanding and 0.27% of his total portfolio.

Greenblatt’s holding history as of the second quarter:

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The company is engaged in the distribution of communications and electrical wire and cable products and fasteners and other small parts.

Anixter’s historical revenue and net income:

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The Peter Lynch Chart suggests that the company is currently overvalued:

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Anixter International has a market cap of $2.75 billion. Its shares are currently trading at around $84.69 with a P/E ratio of 24.80, a P/S ratio of 0.50 and a P/B ratio of 2.60. The company had an annual average earnings growth of 10.6% over the past 10 years.

Office Depot (ODP)

Over the second quarter, Greenblatt bought a total of 1,095,387 shares, representing a 1536.74% increase to his position. The guru bought these shares at around the quarterly average price of $4.02. The price per shares is now up 6.7%.

As of the second quarter, Greenblatt held 1,166,667 shares of Office Depot, representing 0.41% of the company’s shares outstanding and 0.19% of his total portfolio.

Greenblatt’s holding history as of the second quarter:

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The company is a global supplier of office products and services. Its business is comprised of three segments: the North American Retail Division; the North American Business Solutions Division; and International Division.

Office Depot’s historical revenue and net income:

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Office Depot has a market cap of $1.24 billion. Its shares are currently trading at around $4.29 with a P/S ratio of 0.10 and a P/B ratio of 2.20.

Check out Joel Greenblatt’s second quarter portfolio here.

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