Joel Greenblatt

Joel Greenblatt

Last Update: 11-16-2015

Number of Stocks: 898
Number of New Stocks: 234

Total Value: $10,248 Mil
Q/Q Turnover: 38%

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 Gotham Absolute Return Fund

YearReturn (%)S&P500 (%)Excess Gain (%)
2015-10.241.19-11.4
20149.3113.69-4.4
201329.8132.39-2.6
3-Year Cumulative27.4 (8.4%/year)52.3 (15.1%/year)-24.9 (-6.7%/year)

Top Ranked Articles

Which Industries Are Super Investors Dumping and Where Are They Shopping? Examining industries where guru buys are trending and industries where they go shopping
Like most value investors, I’m not really a macro guy. Read more...
Guru Stocks That Have Outperformed S&P 500 JetBlue Airways has returned 31% over the past year
The following are some of the stocks that outperformed the S&P 500 Index over the last 12 months and have been bought by gurus during the last quarter. Read more...
2015 Was a Good Year for Gun Companies Smith & Wesson says current quarter's sales could be 20% higher than expected
Whether it is due to President Barack Obama’s pledge to make gun control a centerpiece of his final year in office or a byproduct of terrorism, both foreign and domestic, and concerns about greater regulation, U.S. gun sales and permit applications have soared. Read more...
Gurus Trim Positions in Tobacco Companies Reductions precede poll showing sharp decline in smoking rate among young Americans
It is certainly no secret that demographics play key roles in companies’ marketing strategies. Read more...
eBay, Visa Among Companies With High Greenblatt ROC Joel Greenblatt's ROC rank as buy even eBay and IBM
Thanks to GuruFocus' All-In-One Screener, we can select stocks that are trading with a very high ROC as defined by Joel Greenblatt (Trades, Portfolio). Read more...
» More Joel Greenblatt Articles

Commentaries and Stories

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Which Industries Are Super Investors Dumping and Where Are They Shopping? Examining industries where guru buys are trending and industries where they go shopping Warren Buffett,Joel Greenblatt,Richard Pzena,Andre - Which Industries Are Super Investors Dumping And Where Are They Shopping?
Like most value investors, I’m not really a macro guy. More...

LONG, ENERGY, INDUSTRIES, CONSUMER PACKAGED GOODS, BUSINESS SERVICES,


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Guru Stocks That Have Outperformed S&P 500 JetBlue Airways has returned 31% over the past year David Tepper, Joel Greenblatt,John Paulson, George - Guru Stocks That Have Outperformed S&P 500
The following are some of the stocks that outperformed the S&P 500 Index over the last 12 months and have been bought by gurus during the last quarter. More...

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Guru Stocks at 52-Week Lows Berkshire Hathaway, Wells Fargo, Novartis, Oracle, Bank of America lead the way T Boone Pickens,Joel Greenblatt,Third Avenue Manag - Guru Stocks At 52-Week Lows
According to GuruFocus' list of 52-week lows, these guru stocks have reached their 52-week lows. More...

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Risk and Reward in Avon Products Avon's brand power is still high enough to help it achieve top line growth Donald Yacktman, Joel Greenblatt, Wallace Weitz - Risk And Reward In Avon Products
Headquartered in New York City, Avon (AVP) is an international manufacturer and direct selling company in the beauty, household and personal care categories. The company is currently paying close to 10% in dividends to investors, pleading with the market to wait for the turnaround. It could be a profitable thing to do, at least in the short term. Just last month, the stock was in the $4.00 range and now at $2.56 (as of 1:53 pm EDT), it looks interesting, especially with faces of the brand like Maria Sharapova, Lucy Hale, Julianne Hough, and Fergie still relevant in today’s hyper socially-connected world. More...

BEAUTY PRODUCTS, CONSUMER GOODS


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Joel Greenblatt's 2016 Outlook: Same Simple Secret to Long-Term Investment Success Gotham Funds investor discusses 2 questions to ask after disappointing year Joel Greenblatt - Joel Greenblatt's 2016 Outlook: Same Simple Secret To Long-Term Investment Success
After a disappointing year for any strategy, there are really only two main questions to ask: More...

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2015 Was a Good Year for Gun Companies Smith & Wesson says current quarter's sales could be 20% higher than expected Robert Olstein, Joel Greenblatt, Steven Cohen, Pau - 2015 Was A Good Year For Gun Companies
Whether it is due to President Barack Obama’s pledge to make gun control a centerpiece of his final year in office or a byproduct of terrorism, both foreign and domestic, and concerns about greater regulation, U.S. gun sales and permit applications have soared. More...

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Gurus Trim Positions in Tobacco Companies Reductions precede poll showing sharp decline in smoking rate among young Americans Lee Ainslie, Joel Greenblatt, David Dreman, Ray Da - Gurus Trim Positions In Tobacco Companies
It is certainly no secret that demographics play key roles in companies’ marketing strategies. More...

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eBay, Visa Among Companies With High Greenblatt ROC Joel Greenblatt's ROC rank as buy even eBay and IBM Joel Greenblatt - EBay, Visa Among Companies With High Greenblatt ROC
Thanks to GuruFocus' All-In-One Screener, we can select stocks that are trading with a very high ROC as defined by Joel Greenblatt (Trades, Portfolio). More...

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Joel Greenblatt Invests in General Mills Popular cereal-maker may be a risky investment Joel Greenblatt - Joel Greenblatt Invests In General Mills
Guru Joel Greenblatt (Trades, Portfolio) is a value investor who uses Benjamin Graham's value investing philosophies when deciding whether to buy or sell securities. He looks for long term growth opportunities in companies that have a large margin of safety. Greenblatt also teaches at Columbia University where he teaches value and special situation investing. More...

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5-Year Lows: Kennametal, Buckle, Carpenter Technology, Suburban Propane Partners Companies that have recently reached their historical low prices David Einhorn,Joel Greenblatt - 5-Year Lows: Kennametal, Buckle, Carpenter Technology, Suburban Propane Partners
According to GuruFocus' list of five-year lows, these guru stocks have reached their five-year low prices: Kennametal Inc., Buckle Inc., Carpenter Technology Corp., Suburban Propane Partners LP. More...

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A Conversation Between Two Value Investing Legends – Joel Greenblatt and Howard Marks Marks poses questions to Greenblatt on investing strategies Joel Greenblatt,Howard Marks - A Conversation Between Two Value Investing Legends – Joel Greenblatt And Howard Marks
There was an unusual number of successful value investors to come out of the Wharton Business School in the late 1970s. More...

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Weekly CEO Buys Highlight: Prospect Capital, Sears Holdings, Calamos Asset Management, Opko Health, FS Investment According to GuruFocus Insider Data, these are the largest CEO buys in the past week Joel Greenblatt,NWQ Managers,John Keeley,Third Ave - Weekly CEO Buys Highlight: Prospect Capital, Sears Holdings, Calamos Asset Management, Opko Health, FS Investment
According to GuruFocus Insider Data, these are the largest CEO buys during the past week. The overall trend of CEOs is illustrated in the chart below: More...

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RS Investment Increases Holdings in Ulta Salon, Noble Energy and Fortune Brands The firm also raises its stakes in Ritchie Bros. Auctioneers, Liberty Interactive, Pinnacle Foods and Ligand Pharmaceuticals RS Investment Management,Joel Greenblatt,Jim Simon - RS Investment Increases Holdings In Ulta Salon, Noble Energy And Fortune Brands
Ulta Salon Cosmetics & Fragrances (NASDAQ:ULTA), Noble Energy (NYSE:NBL) and Fortune Brands Home & Security (NYSE:FBHS) saw huge increases in RS Investment Management's portfolio during the third quarter. More...

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'Tis the Season All-in-One Screener pinpoints undervalued apparel retailers with five-star predictability ratings Joel Greenblatt, Mario Gabelli, Scott Black, Pione - 'Tis The Season
Clothing, both formal and casual, is always a popular choice for Christmas gift giving. More...

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Mattress Firm's Stock Plummets After Beating Estimates Company's acquisitions are looking for further growth Joel Greenblatt,Paul Tudor Jones,Columbia Wanger - Mattress Firm's Stock Plummets After Beating Estimates
Mattress Firm Holding Corp (NASDAQ:MFRM) operates as a specialty retailer of mattresses and related products and accessories in the U.S. Shares of the company tumbled almost 5% in Monday’s trading after reporting better-than-expected earnings for its fiscal third quarter ended Nov. 3. More...

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3 Gurus Add Beauty to Portfolio With Regis Corp. Hair salon chain has major competitive advantage with locations inside Walmart Jim Simons, Joel Greenblatt, Paul Tudor Jones - 3 Gurus Add Beauty To Portfolio With Regis Corp.
After getting a haircut today and thinking about beauty salons, I decided to research Regis Corporation (NYSE:RGS),  which is the largest hair salon chain in the world with over 10,000 salons. More...

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Insiders Sell Twitter and Cannabis Science, Buy DSW and WhiteHorse Twitter director makes largest sale of the week Robert Olstein,Joel Greenblatt,Chuck Royce,Jim Sim - Insiders Sell Twitter And Cannabis Science, Buy DSW And WhiteHorse
The All-In-One Screener can be used to find insider buys and sales over the last week by clicking on the Insiders tab and changing the settings for All Insider Buying/All Insider Selling to “$1,000,000+” and duration to "November 2015" and “December 2015.” More...

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With U.S. Equities Remaining Bullish, How Do You Invest in Gold? Gold bullion investors can leverage their positions by investing in stocks Joel Greenblatt,Julian Robertson,First Eagle Inves - With U.S. Equities Remaining Bullish, How Do You Invest In Gold?
The U.S. Federal Reserve is widely expected to increase interest rates in the near future as the country’s economic prospects continue to show promise. This has been the story for the last 12 months after ending the quantitative easing program in Q3 last year. More...

GOLD, LONG, SHORT, STOCKS, COMMODITIES


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A Look at Most Recent Insider Trades 5 insiders sold shares of Bright Horizons Family Solutions Joel Greenblatt,Wallace Weitz,Jim Simons,Chuck Roy - A Look At Most Recent Insider Trades
The All-In-One Screener can be used to find insider buys and sales over the last week by clicking on the Insiders tab and changing the settings for All Insider Buying/All Insider Selling to “$1,000,000+” and duration to "November 2015." More...

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