Jeremy Grantham

Jeremy Grantham

Last Update: 2015-02-13

Number of Stocks: 442
Number of New Stocks: 59

Total Value: $37,148 Mil
Q/Q Turnover: 8%

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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Essex Property Raises Dividend By 10.8%
In this article, let's take a look at Essex Property Trust Inc. (ESS), a $14.09 billion market cap company, which operates as a self-administered and self-managed real estate investment trust in the United States. More...

Essex Property Trust


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BlackBerry Reported Significant Earnings per Share Improvement and New Opportunities Jeremy Grantham - BlackBerry Reported Significant Earnings Per Share Improvement And New Opportunities
In this article, let's take a look at BlackBerry Limited (BBRY), a $5.48 billion market cap company, that designs, manufactures, and markets wireless solutions worldwide. More...

TECHNOLOGY, MOBILITY, GOOGLE, BLACKBERRY


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George Soros and Dan Loeb Reduced Stake in YPF S.A.
The Form 13-F is a quarterly report of equity holdings by filed institutional investment managers with at least $100 million in equity assets under management, as required by the United States Securities and Exchange Commission (SEC). Section 13(f) securities generally include equity securities that trade on an exchange (including the Nasdaq National Market System), certain equity options and warrants, shares of closed-end investment companies and certain convertible debt securities. The shares of open-end investment companies (i.e., mutual funds) are not Section 13(f) securities. More...

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This Paint and Coatings Company Has 36 Consecutive Years of Dividend Increases Jeremy Grantham,Steven Cohen,Ray Dalio,Pioneer Inv - This Paint And Coatings Company Has 36 Consecutive Years Of Dividend Increases
In this article, let's take a look at The Sherwin-Williams Company (SHW), a $27.87 billion market cap company that is engaged in the development, manufacture, distribution and sale of paints, coatings and related products to professional, industrial, commercial and retail customers worldwide. More...

PAINT, DIVIDEND,


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Danaher: Good Capital Appreciation at a Reasonable Price
Two brothers went fishing on the Danaher River in Montana, and came back with a bold new vision for their real estate trust. And, the new vision had nothing to do with real estate. Instead, it called for, in the company’s words, “... a manufacturing company, dedicated to continuous improvement and customer satisfaction.” More...

GLOBAL DIVERSIFIED INDUSTRIALS, LONG


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Mamas Don't Let Your Babies Grow Up To Be Pension Managers – John Mauldin
We do not have to look to Greece to find massively underfunded obligations. Here in the U.S. we can find hundreds of examples, willingly created by politicians and businessmen who proclaim they are working for the public good. We call them pension funds, but they’re just another form of unfunded debt. A sovereign bond is a promise to pay a certain amount of money over time. A defined-benefit pension fund is a promise to pay a certain amount of income over time. The value of either is determined by the ability of the government or the pension fund (or its sponsor) to pay. More...

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Undervalued stocks in Leon Cooperman's Portfolio Leon Cooperman,Jeremy Grantham, Carl Ichan, Ken Fi - Undervalued Stocks In Leon Cooperman's Portfolio
Leon Cooperman (Trades, Portfolio) is the founder and chairman of Omega Advisors, a hedge fund with approximately $6 billion under management. Mr. Cooperman was the CEO and Chairman of Goldman Sachs Asset Management and was 24 years old when he first entered the company. He worked at Goldman Sachs for 25 years. In 1991, he left Goldman and started Omega Advisors. He was a graduate of Columbia Business School. In 1991, Mr. Cooper founded Omega Advisors with $450 million in capital. He combines his macro view and fundamental valuation in his investing strategy. He does try to predict the market direction and pays close attention to valuations, too. More...

UNDERVALUED, STOCK, DCF CALCULATOR, FAIR VALUE, PETER LYNCH FAIR VALUE, MARGIN OF SAFETY


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Literacy, Numeracy and Ecolacy – Filters Against Folly in Investing Charlie Munger,Jeremy Grantham,Howard Marks - Literacy, Numeracy And Ecolacy – Filters Against Folly In Investing
One of Charlie Munger (Trades, Portfolio)’s favorite writers, Garrett Hardin, wrote a book called "Filters Against Folly," in which he describes his approach to rational thinking. In three simple words, this approach can be summarized as literacy, numeracy and ecolacy. More...

CHARLIE MUNGER, HOWARD MARKS, JEREMY GRANTHAM


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Investing Lessons of the Recent Oil Drop From Two Legendary Investors Howard Marks, Jeremy Grantham - Investing Lessons Of The Recent Oil Drop From Two Legendary Investors
The recent price drop of oil has taken the spotlight of the media almost everyday. Plenty of experts have expressed their opinions on why they think it dropped so fast and what “should” happen in the future. Personally I found most of them uninspiring as what they said reflect upon almost what the public knows. However, there are two brilliant memos from two legendary investors, Howard Marks (Trades, Portfolio) and Jeremy Grantham (Trades, Portfolio), who offered far superior insights on what happened to oil price and where it is headed for the future. I’ve taken the time to organize my notes on these two articles in a way that illustrates a few important topics in investing. This is by no means an article on oil per se. What I wanted to share with More...

HOWARD MARKS, JEREMY GRANTHAM


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GMO Q4 2014 Letter Is Out
GMO Fourth Quarter 2014 Letter Is Out. The firm was founded by the legendary Jeremy Granthm and his partners. More...

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Hibbett Sports: A Retailer with Strong Earnings Growth Jeremy Grantham,Jim Simons - Hibbett Sports: A Retailer With Strong Earnings Growth
Traditional retail has few charms for investors these days, as online merchants keep nibbling away at the edges, and even the core in some cases. More...

LONG, RETAIL - APPAREL & SPECIALTY » SPECIALTY RETAIL


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Why I’m Bullish on Auto Stocks David Tepper,Jeremy Grantham - Why I’m Bullish On Auto Stocks
December was a solid month for American automakers. General Motors Company (GM)had its best December sales month since 2007, with sales up 19.3% over last year. Full-year sales were up a respectable 5.3%. Ford Motor Company (F) had its best December since 2005, though its full-year growth numbers were actually down slightly due to, among other things, retooling to make way for its new aluminum-body F-150. More...

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Should You Invest In a Diversified Manufacturer?
In this article, let's take a look at Honeywell International Inc. (HON), a $79.59 billion market cap company that is the world's largest maker of avionics, small jet engines and climate and process control equipment. More...

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Betting on a Fairly Value Stock with a Bullish Sentiment
In a previous article we analyzed the relative valuation of the stock,and concluded that it is trading higher and as a result, it is difficult to identify if there exists an adequate margin of safety to buy the stock. So, in this article let's take a closer look at W.W. Grainger, Inc. (GWW), and analyze the intrinsic value with an absolute valuation model. More...

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Should You Buy This Stock or Wait?
In this article, let's take a look at Crown Castle International Corp. (CCI), a $26.39 billion market cap company that owns, operates and manages wireless communications sites and broadcast transmission networks. More...

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Weekly Guru Bargains Highlights: PBR.A, CEO, WMB, APC, BBL
According to GuruFocus updates, these stocks have declined the most since Gurus have bought. More...

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W.W. Grainger Should Be a Profitable Investment Jeremy Grantham,Murray Stahl - W.W. Grainger Should Be A Profitable Investment
In this article, let's take a look at W.W. Grainger, Inc (GWW), a $16.92 billion market cap company, which is the largest global distributor of industrial and commercial supplies, such as hand tools, electric motors, light bulbs and janitorial items. More...

revenue, stock, industrial supplies


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This Company Focuses on Consumer Preferences in the Entire World
In this article, let's take a look at The Estée Lauder Companies Inc. (EL), a $27.71 billion market cap company that is one of the world's leading manufacturers and marketers of skin care, makeup and fragrance products. More...

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BB&T's Bright Future Will Help Growth
In this article, let's take a look at BB&T Corp (BBT), a $27.44 billion market cap company with assets of $187 billion on September 30, 2014. It is the 11th-largest U.S. bank by assets, operating some 1,750 branches, mainly in the Southeast U.S. More...

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The Same Environment but Different Results Caxton Associates,Jeremy Grantham - The Same Environment But Different Results
In this article, let's take a look at American Tower Corporation (AMT), a $39.95 billion market cap company, which operates the largest independent portfolio of wireless communications and broadcast towers in North America. More...

broadcast, wireless tower, latin american market, international exposure


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