Joel Greenblatt

Joel Greenblatt

Last Update: 08-14-2015

Number of Stocks: 915
Number of New Stocks: 257

Total Value: $11,957 Mil
Q/Q Turnover: 35%

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 U.S. Value 1000 Fund

YearReturn (%)S&P500 (%)Excess Gain (%)
201341.1932.398.8
201215.716-0.3
20112.072.11-0.0
3-Year Cumulative66.7 (18.6%/year)56.8 (16.2%/year)9.9 (2.4%/year)

Top Ranked Articles

Answers from Joel Greenblatt are Here!
(GuruFocus, June 30, 2009) Back in early June, when we became aware of Investment Guru, Joel Greenblatt became the strategist for the money management firm FormulaTrading.com, we reached out and requested an opportunity for our users to ask Joel questions. To our delight, the good professor (Joel is also an Adjunct Professor with Columbia University) agreed. Read more...
Magic Formula’s: Do As I Say, Not As I Do?
In my last articles, “Warren Buffett’s Magic Formula in 1965?” and “Benjamin Graham’s Lost Magic Formula in 1976?”, I explored the use of and/or public endorsement of investment formulas by value investors Benjamin Graham, Warren Buffett, Joel Greenblatt, and Mohnish Pabrai. Given such credible endorsements, I wondered three things: Read more...
GuruFocus Interview with Renowned Investor Joel Greenblatt
Joel Greenblatt is a renowned investor who invented Magic Formula Investing and founded the New York Securities Auction Corporation (NYSAC). He is the founder and Co-CIO of Gotham Capital, an investment partnership that achieved 40 percent annualized returns for the 20 years after its founding in 1985, and adjunct professor at Columbia Business School. Mr. Greenblatt has written three books on investing, including his most recent, "The Big Secret for the Small Investor." Read more...
Value Ideas Contest: Dolby Labs ($DLB) Priced for Zero Growth
Investment Thesis Read more...
Interview with Pat Dorsey
Pat Dorsey is the Vice Chairman and Director of Research & Strategy at the Sanibel Captiva Trust Company, an independent trust company serving high net worth clients, based in Sanibel, Florida. Before joining SanCap, Pat was Director of Equity Research at Morningstar for over ten years, where he was responsible for the overall direction of Morningstar’s equity research, as well as for communicating Morningstar’s ideas to the media and clients. He led the development of Morningstar’s economic moat ratings as well as the methodology behind Morningstar’s framework for competitive analysis. Pat is the author of two books––The Five Rules for Successful Stock Investing : Morningstar's Guide to Building Wealth and Winning in the Market and The Little Book That Builds Wealth: The Knockout Formula for Finding Great Investments[i]––and Read more...
» More Joel Greenblatt Articles

Commentaries and Stories

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Xerox Expands Health Care Technology and Launches New Brand Strategy Acquisition costs and marketing spend drag on Xerox’s stock value Pioneer Investments,Joel Greenblatt,Dodge & Cox - Xerox Expands Health Care Technology And Launches New Brand Strategy
Xerox (NYSE:XRX) is a well-known brand in the technology industry. Its business focuses on two main aspects which include document technology and business process services. In recent quarters it has continued to struggle to gain market share versus its dominant peers IBM (NYSE:IBM) and Hewlett-Packard (NYSE:HPQ). On Aug. 24 Xerox announced the acquisition of health care analytics company RSA Medical and on Aug, 28 also announced the launch of a new brand strategy around the theme “Work Can Work Better.” Despite Xerox’s efforts to expand in health care technology and improve its brand positioning, industry analysts are skeptical of its growth prospects. More...

TECHNOLOGY


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Officer of CA Inc. Sells 70,402 Company Shares
Richard Beckert (Insider Trades), executive vice president and CFO of CA Inc. (CA), sold 70,402 shares of the company on Aug. 21. The average price per share was $28.49, for a total transaction of $2,005,753. CA Technologies is a worldwide software company with a market cap of 11.68 billion, and a P/S ratio of 2.89. More...

RICHARD BECKERT, CA INC, INSIDER TRADES


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Kelly Lawrence W & Associates' Top Buys of Q2 2015
At the end of the second quarter of 2015, the hedge fund Kelly Lawrence W & Associates reported a total value of its portfolio of $502 million, with an increase of 8.34% since the previous quarter. During the quarter, it bought 18 new stocks and increased 40 of its stakes. The following are the most heavily weighted buys during the quarter. More...

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Five-Year Lows: Joy Global Inc, United States Steel Corp, Valley National Bancorp, QEP Resources Inc.
According to GuruFocus list of 5-year lows, these Guru stocks have reached their 5-year lows: Joy Global Inc, United States Steel Corp, Valley National Bancorp, QEP Resources Inc. More...

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Toy Maker Hasbro Continues to Achieve Price Appreciation
Hasbro Inc. (NASDAQ:HAS) is a $9.81 billion market cap company with a broad portfolio of toys, games and entertainment offerings, including brands such as Transformers, Playskool, Monopoly and My Little Pony. More...

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TGT Raises Profit for the Full Year
In this article, let's take a look at the world’s premier measurement company and a technology leader in chemical analysis, life sciences, diagnostics, electronics and communications, Target Corp. (NYSE:TGT) More...

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Guru Stocks at 52-Week Lows: XOM, WMT, PG, RDS.B, CVX
According to GuruFocus list of 52-week lows, these Guru stocks have reached their 52-week lows. More...

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Redmond Asset Management Buys Harley-Davidson in Q2 2015
At the end of the second quarter of 2015, the hedge fund Redmond Asset Management LLC reported a total value of its portfolio of $202,512,000 with a increase of 2.10% since the previous quarter. More...

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Kohl's, a Guru Stock Worth Considering After Falling 9% Jim Simons,Joel Greenblatt - Kohl's, A Guru Stock Worth Considering After Falling 9%
Kohl’s (NYSE:KSS) is a retailer that operates 1,164 family-focused department stores and a website that sells reasonably priced exclusive brand apparel, footwear, accessories, beauty and home products. Today, the stock fell close to 9% on disappointing earnings. I believe the stock to be worthy of consideration. Per Gurufocus, notable investors who hold shares include Robert Olstein, Joel Greenblatt, Richard Pzena, and Jim Simons. GuruFocus also gives the company a 5 star business predictability rank. More...

KOHL'S, MACY'S, WALMART, BED BATH AND BEYOND


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A Change in Scenery
I wanted to start off my article today by announcing a relatively significant change in my career. As many of you know, Nintai – which was a management consulting business with its own internal fund – has been winding down operations and will shortly be nothing but a memory. Any assets in the firm will likely be fully dispersed by the time of publication. The only remaining part of the business will be my own managed portfolio of the newly created Nintai Charitable Trust. Accordingly, any mention I may make going forward referring to “Nintai” will be strictly associated with any trades or positions in the Trust portfolio. More...

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Guru Stocks at 52-Week Lows: XOM, WMT, PG, BABA, PTR
According to GuruFocus list of 52-week lows, these Guru stocks have reached their 52-week lows. More...

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Expedia Jumped After Beating Wall Street
Expedia (NASDAQ:EXPE) shares jumped almost 13% to $121.44 in today´s trading day after the company´s Q2 results. The company reported stronger-than-expected revenue and earnings. Further, it received a price target increase. Revenue was up more than 15%, beating the consensus, and reported second-quarter earnings of $0.89, beating analysts' estimates of $0.84 per share. Expedia also announced it raised its September dividend to $0.24 per share, a 33% increase over its previous dividend. More...

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A Growing Dividend Deserves Taking a Look at Hasbro
In this article, let's take a look at Hasbro Inc. (NASDAQ:HAS), a $9.87 billion market cap company, which is a company with a broad portfolio of toys, games and entertainment offerings that includes brands such as Transformers, Playskool, Monopoly and My Little Pony. More...

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Johnson Controls Continues Trading at a Premium Compared to Peers
In this article, let's take a look at Johnson Controls Inc. (NYSE:JCI), a leading manufacturer of automotive interior systems, automotive batteries and automated building control systems. More...

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Guru Stocks at 52-Week Lows: XOM, WMT, VZ, PTR, RDS.A
According to GuruFocus list of 52-week lows, these Guru stocks have reached their 52-week lows. More...

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Powered by Strong Earnings, Marriott Is a Compelling Investment Joel Greenblatt,Ken Heebner - Powered By Strong Earnings, Marriott Is A Compelling Investment
In this article, let's take a look at Marriott International, Inc. (NASDAQ:MAR), a $21.15 billion market cap company, which operates more than 3,500 hotels and 600,000 rooms in more than 50 countries. More...

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Why L Brands Can Deliver Strong Growth in the Future
L Brands, Inc. (NYSE:LB) is a $24.45 billion market cap company, which operates as a specialty retailer of women's intimate and other apparel, beauty and personal care products and accessories under various trade names. More...

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Dril-Quip Is Trading At Attractive Valuations
Dril-Quip (NYSE:DRQ), which manufactures, sells and services engineered offshore drilling and production equipment for use in deepwater, harsh environment, and severe service applications, is trading at attractive valuations and can be considered at current levels for long-term exposure. This article discusses the rationale behind this view and the valuation perspective. More...

LONG, OFFSHORE,SERVICES


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Genuine Parts Generates Value Through Acquisitions
Joel Greenblatt (Trades, Portfolio) reported increasing his stake in one of Gotham Asset Management’s holdings, Genuine Parts Co (NYSE:GPC), a $13.75 billion market cap company that is a leading wholesale distributor of automotive replacement parts, industrial parts and supplies, and office products. With the transaction, Greenblatt’s position increased by 10335% to 282,470 shares valued at $26.3 million. More...

Joel Greenblatt, Genuine Parts


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Guru Stocks at 52-Week Lows: XOM, WMT, PTR, CVX, INTC
According to GuruFocus list of 52-week lows, these Guru stocks have reached their 52-week lows. More...

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