Jeremy Grantham

Jeremy Grantham

Last Update: 08-13-2015

Number of Stocks: 445
Number of New Stocks: 27

Total Value: $30,984 Mil
Q/Q Turnover: 14%

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

Jeremy Grantham' s Profile & Performance

Profile

Jeremy Grantham is the Chairman of the Board of Grantham Mayo Van Otterloo, a Boston based asset management firm. He is regarded as a highly knowledgeable investor in various stock, bond, and commodity markets. Grantham started one of the world's first index funds in the early 1970s. As of early 2009, GMO reported on its web site that it managed more than US $85 billion.

Grantham, Mayo, Van Otterloo & Co. LLC
40 ROWES WHARF
BOSTON MA 02110
617-330-7500

Web Page:http://www.gmo.com

Investing Philosophy

Grantham has built much of his investing reputation over his long career by correctly identifying speculative market "bubbles" as they were happening and steering clients' assets clear of impending crashes. Grantham avoided investing in Japanese equities and real estate in the late eighties, as well as technology stocks during the internet bubble in the late nineties.

Most recently, Grantham began warning about the overvaluation of equity and credit markets in 2006, well before the start of the present crisis.

Total Holding History

Performance of GMO US Intrin.Val. III (GMVUX)

YearReturn (%)S&P500 (%)Excess Gain (%)
201214.416-1.6
201110.382.118.3
201011.5915.06-3.5
3-Year Cumulative40.9 (12.1%/year)36.3 (10.9%/year)4.6 (1.2%/year)
200920.526.46-6.0
2008-33.8-373.2
5-Year Cumulative12.4 (2.4%/year)8.6 (1.7%/year)3.8 (0.7%/year)
2007-3.875.49-9.4
200613.515.79-2.3
20055.984.911.1
200412.7610.881.9
200329.6828.681.0
10-Year Cumulative90.1 (6.6%/year)98.5 (7.1%/year)-8.4 (-0.5%/year)
2002-15.75-22.16.4
20013.31-11.8915.2
200010.67-9.119.8
0000.0

Top Ranked Articles

Ira sohn Investment Conference Notes
Greetings. Yesterday (May 26, 2010) was the 2010 Ira Sohn Investment Conference. The conference is run by Doug Hirsch and Dan Nir and it remembers Ira Sohn, who died of cancer after a brief Wall Street career. The proceeds go to help pediatric cancer treatment centers including, The Tomorrows Children Fund at Hackensack Medical Center and NY Presbyterian Hospital/Weill Cornell Medical Center. You can get more information at http://www.irasohnconference.com/ Read more...
Buffett Indicator and Shiller P/E Both Imply Long Term Negative Market Returns; 2014 Market Valuation
What a great year it was! The market was up 30%, the best year since the go-go years of 1990s.The good news is that our account balance is higher, investors are more bullish. The bad news is that we will see lower future returns. Read more...
Jeremy Grantham Speaks
In an extended interview, Jeremy Grantham, chairman of Grantham Mayo Van Otterloo (GMO), talks to Maria Bartiromo about the markets, the economy, and his investment strategy. Read more...
Stock Market Valuation: October 1, 2011
I started this monthly market valuation series in December 2009. The motivation for the article was that I was getting tired of hearing that the market was overvalued because P/E TTM was 87. This was ridiculous because earnings were deflated by the worst economic crash since the great depression. However, the question was how to value the market from a purely quantitative methodology, while ignoring all the outside noise and macro predictions of where the economy is headed. I looked for several different metrics to evaluate the market which over time have proven to be effective and decided to look at all the metrics, instead of just focusing on the last 12 months of earnings. Read more...
Market Valuations and Expected Returns – Feb. 5, 2014
The U.S. stock market had an excellent 2013. The performance of all three major U.S. stock indexes was the best since the financial crisis in 2008. The S&P 500 and the Dow Jones Industrial Average continually hit historical highs. Yet the real reason for the bull market is nothing less than QE. Though some investors think the fundamentals of the U.S. economy continued to improve, for most Wall Street analysts, the Fed’s $85 billion monthly debt purchase plan is the real driving force behind the bull market. Read more...
» More Jeremy Grantham Articles

Commentaries and Stories

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Jeremy Grantham Reduces More Than 250 Stakes in Second Quarter Jeremy Grantham - Jeremy Grantham Reduces More Than 250 Stakes In Second Quarter
Jeremy Grantham (Trades, Portfolio), chairman of the board of Boston-based asset management firm Grantham Mayo Van Otterloo, is known for his ability to identify speculative market “bubbles” and using that knowledge to lead clients away from financial disasters. More...

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Jeremy Grantham Q2 2015 Letter – Ten Quick Topics To Ruin Your Summer
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Grantham, High Yield, and The Cyclical Bear In Gold – CMG Capital Management Jeremy Grantham,Carl Icahn - Grantham, High Yield, And The Cyclical Bear In Gold – CMG Capital Management
“If you’re young, take the whack [and] if you’re old, pray for the Fed to keep going.” – Jeremy Grantham (Trades, Portfolio) More...

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Zenit Asset Management Ab's Sells Amazon in Q2 2015
At the end of the second quarter of 2015, the hedge fund Zenit Asset Management Ab reported a total value of its portfolio of $647.56 million, with an increase of 7.46% since the previous quarter. More...

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BTIM Corp's Top Sales in Q2 2015
At the end of the second quarter of 2015, the hedge fund BTIM Corp reported a total value of its portfolio of $6.56 billion, with a decrease of 2.65% since the previous quarter. During the same quarter, the fund bought 18 new stocks and increased 112 stakes as I previously reported; it also sold out 11 stocks and decreased its stake in 192 stocks. Listed below are the most heavily-weighted sales. More...

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Zenit Asset Management Ab's Top Buys in Q2 2015
At the end of the second quarter of 2015, the hedge fund Zenit Asset Management Ab reported a total value of its portfolio of $647.56 million, with an increase of 7.46% since the previous quarter. More...

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What Do High-Yield Maturities Tell Us About Timing the Credit Cycle? Another Take on the Wall Jeremy Grantham - What Do High-Yield Maturities Tell Us About Timing The Credit Cycle? Another Take On The Wall
Everybody involved in the credit markets wants to know when the cycle will turn. On the one hand, it feels like we are in the later stages of the current cycle and investors are afraid to overstay their welcome. On the other hand, credit spreads are close to historical averages while many competing asset classes seem overvalued. For those who are currently invested in high-yield bonds and leveraged loans, accurately timing the cycle will be the difference between safely clipping coupons and realizing painful losses. And for those of us who specialize in distressed debt investing, the turn of the cycle should create the next great opportunity. Most investors base their high-yield outlook on expected defaults. More...

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Why Jeremy Grantham Believes We’re Not In a Bubble...Yet Jeremy Grantham - Why Jeremy Grantham Believes We’re Not In A Bubble...Yet
With the Shiller P/E ratio nearing all-time highs, many famous investors have expressed concerns that we are in a new stock market bubble. More...

GRANTHAM, GMO, BUBBLE, VALUATION


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Predictable and Undervalued Companies - Part IV Chase Coleman,Jeremy Grantham - Predictable And Undervalued Companies - Part IV
With these articles, I want to highlight all the companies that according to GuruFocus have a predictable business and are undervalued according to the Price/DCF (Average). I also apply another filter to those results to give you only the companies that have a significant EPS growth rate. More...

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Most performing Utilities on 2015
With these articles I highlight the companies in the Utilities industry whose price rose more than the others since the beginning of the year (on a Year-To-Date basis) More...

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A Bullish Outlook For Affiliated Managers Group
In this article, let's take a look at Affiliated Managers Group Inc. (NYSE:AMG), a $11.99 billion market cap company, which is an asset management company with equity investments in a group of boutique investment management firms, or Affiliates. More...

Affiliated Managers Group


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Jeremy Grantham's 10 Current Obsessions
GMO chief investment strategist Jeremy Grantham (Trades, Portfolio) took a moment to tick off the top 10 issues on his mind today. More...

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Why Ray Dalio Has 60% of His Portfolio in Emerging Market ETFs
Ray Dalio (Trades, Portfolio) is the founder of the largest hedge fund on the planet, Bridgewater Associates. With over $160 billion in assets under management, his investment company has some of the best performance statistics of any manager over the long term. His Pure Alpha Fund (the largest) has lost money only three times in 20 years, producing a near 20% annual compound return before fees. More...

EMERGING, MARKETS, GROWTH, VANGUARD, DALIO, GRANTHAM


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Four Stocks With Growing EPS Near Their 52-Week Lows
With these articles, thanks to GuruFocus All-In-One Screener, I want to highlight stocks that got a strong price correction, and that are trading near their 52 weeks low but that can be good for investors, since they have growing earnings over the last years. More...

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Another 5 to 10 Percent And We Are In Bubble Territory – Jeremy Grantham
Jeremy Grantham (Trades, Portfolio) thinks the market is getting close to bubble territory. More...

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Philip Morris International has an Irresistible Dividend
Philip Morris International (PM) has one of the largest, fastest growing, most stable dividend payouts investors will ever come across. At its current 4.7% yield, shares have typically paid out over a 4% yield since 2009. With a growing share price however, the company has been able to grow the payment over 12% per year to keep a stable dividend yield. More...

TOBACCO,DIVIDENDS,DIVIDEND,SAFE,STABLE,LONG,UNDERVALUED,GROWTH,INCOME


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Weekly Guru Bargains Highlights: BAM, SBUX, FCX, VALE, BBD
According to GuruFocus updates, these stocks have declined the most since Gurus have bought. More...

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Market Valuations and Expected Returns – May 19, 2015 John Hussman,Jeremy Grantham - Market Valuations And Expected Returns – May 19, 2015
The market was up more than 30% in 2013, the best year since the go-go years of 1990s. 2014 was another strong year for the market. The S&P 500 index was up more than 13%. Since the market recovery in 2009, the stock market has been up for 6 consecutive years. Yet in January 2015, the stock market benchmark S&P 500 lost 3.10%. In February, the market regained its strength by increasing 5.49%. Throughout March, the market went down by 1.74%. In April, the market was up by 0.85%. Can the market continue to grow in 2015? More...

Market valuation


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Jeremy Grantham Makes 29 New Buys in First Quarter Jeremy Grantham - Jeremy Grantham Makes 29 New Buys In First Quarter
Jeremy Grantham (Trades, Portfolio) is generally regarded as wise in the ways of the markets. Co-founder and chief investment strategist of Grantham Mayo van Otterloo (GMO), a Boston-based asset management firm, Grantham has guided GMO to a lofty perch, where it had $112 billion in assets under management as of the third quarter of 2013. More...

Jeremy Grantham


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Jeremy Grantham Q1 2015 Letter – Are We The Stranded Asset?

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