Joel Greenblatt

Joel Greenblatt

Last Update: 2015-02-17

Number of Stocks: 936
Number of New Stocks: 193

Total Value: $12,356 Mil
Q/Q Turnover: 42%

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 (%)
201341.1931.559.6
201215.715.40.3
20112.072.08-0.0
3-Year Cumulative66.7 (18.6%/year)55 (15.7%/year)11.7 (2.9%/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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Abner Herrman's Top Three Holdings
In recent days hedge funds have been filing their form 13-F, which 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). In this article, let´s concentrate in one particular hedge fund and try to see the principal holdings in its portfolio. I will look into Abner Herrman & Brock LLC, which provides portfolio management for high net worth individuals, endowments, and corporate retirement plans. More...

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Stock Falls Today to a One-Year Target Price
In this article, let's take a look at Cablevision Systems Corporation (CVC), a $5.42 billion market cap company that is one of the largest U.S. cable multiple system operator. It offers Optimum brand cable, Internet and voice services to about 3 million subscribers in the New York tri-state area. More...

  • Currently 4.00/5

Rating: 4.0/5 (2 votes)

Tupperware Brands – Short-Term Dip Provides Long-Term Opportunity
Tupperware Brands (TUP) is a current selection of GuruFocus’ Undervalued Predictable Companies screen. This screen looks for undervalued companies that are highly ranked based on GuruFocus’ Predictability Rank (read more: What is Predictability Rank). We have found strong correlations between the predictability of businesses and the long-term return of stocks, as shown in the table below. More...

RETAIL,TUPPERWARE


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Plug: Algorithmic Forecast for 2015
Summary : More...

LONG


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ADS: Earnings Keep Growing, But the Price Remains Range-Bound
You may not know the name, but this company likely knows you, or at least the details of your spending. It gathers all kinds of data about our buying, works with and makes sense of that information, and then passes it along to its clients. Those clients, in turn, can personalize the offers they make to us in retail and other arenas. More...

FINANCIAL, MARKETING, LONG


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Hedge Fund Legend Joel Greenblatt Is Shorting Tesla - Here Is Why Joel Greenblatt - Hedge Fund Legend Joel Greenblatt Is Shorting Tesla - Here Is Why
Joel Greenblatt (Trades, Portfolio) is shorting Tesla Motors Inc (TSLA). Why? More...

JOEL GREENBLATTM


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Guru Stocks at 52-Week Lows: XOM, AXP, DISCA, RL, SNI
According to GuruFocus list of 52-week lows, these Guru stocks have reached their 52-week lows. More...

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Guru Stocks at 52-Week Lows: BABA, NVO, PCLN, ING, EMR
According to GuruFocus list of 52-week lows, these Guru stocks have reached their 52-week lows. More...

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Weekly CEO Buys Highlight: HES, GDOT, BH, CUBI, OPK
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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How to Leverage +EV to Earn More on Your Net Net Stocks Warren Buffett,Joel Greenblatt - How To Leverage +EV To Earn More On Your Net Net Stocks
Investing is about numbers. That much is certain. This quantitative focus makes the concepts of probability and risk management that much more important, and investors must stay vigilant when it comes to seeking out and analyzing opportunities. More...

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Marriott´s Growth Strategy to Focus on Regions Outside the U.S. Joel Greenblatt, Paul Tudor Jones, Ken Heebner, Ar - Marriott´s Growth Strategy To Focus On Regions Outside The U.S.
In this article, let's take a look at Marriott International, Inc. (MAR), a $21.79 billion market cap company, which operates more than 3,500 hotels and 600,000 rooms in more than 50 countries. More...

HOTELS, STOCKS


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Amid Poor Results Waste Management Is More and More Expensive Joel Greenblatt, John Buckingham, mario gabelli, d - Amid Poor Results Waste Management Is More And More Expensive
In this article, let's take a look at Waste Management Inc. (WM), a $24.33 billion market cap company, which is the largest U.S. trash hauling/disposal concern. More...

ROE, STOCKS, TRASH


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5-year lows: W&T Offshore Inc, ION Geophysical Corp, Koppers Holdings Inc, and Clean Energy Fuels Corp.
According to GuruFocus list of 5-year lows, these Guru stocks have reached their 5-year lows: W&T Offshore Inc, ION Geophysical Corp, Koppers Holdings Inc, and Clean Energy Fuels Corp. More...

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I Continue Recommend Adding Aflac to a Diversified Portfolio JOEL GREENBLATT, RAY DALIO, BILL NYGREN. JIM SIMON - I Continue Recommend Adding Aflac To A Diversified Portfolio
In this article, let's take a look at AFLAC Inc. (AFL), a $26.18 billion market cap company, which provides supplemental health and life insurance in Japan and the U.S. More...

INTERNATIONAL BUSINESS, VALUATION


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Still Bullish On Dun & Bradstreet
In this article, let's take a look at Dun & Bradstreet Corp. (DNB), a $4.21 billion market cap company, which is a worldwide provider of business information and related decision support services and commercial receivables management services. More...

ROE, P/E ratio


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Acquisitions Are Part of Growth Strategy
In this article, let's take a look at PVH Corp. (PVH), a $9.15 billion market cap company, which designs, sources, manufactures, markets, licenses and distributes a broad line of men's and women's apparel worldwide under several widely recognized brand names, like ARROW, Van Heusen, IZOD, Calvin Klein and Tommy Hilfiger. More...

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Feeling Good With This Med Company Joel Greenblatt, Paul Tudor Jones, Jim Simonsm Mar - Feeling Good With This Med Company
In this article, let's take a look at Hospira Inc. (HSP), a $10.7 billion market cap company, which provides a variety of hospital products, including injectable generic drugs, pumps and syringes. More...

Medical, health, stock


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5-year lows: Permian Basin Royalty Trust, Park Electrochemical Corp, W&T Offshore Inc, and Koppers Holdings Inc.
According to GuruFocus list of 5-year lows, these Guru stocks have reached their 5-year lows: Permian Basin Royalty Trust, Park Electrochemical Corp, W&T Offshore Inc, and Koppers Holdings Inc. More...

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Weekly CEO Buys Highlight: BH, CLMS, OPK, GPC, CPRX
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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Ron Baron's Most Recent Portfolio Update Chuck Royce,Joel Greenblatt - Ron Baron's Most Recent Portfolio Update
Ron Baron (Trades, Portfolio), founder of investment management firm Baron Capital, recently added more shares of Benefitfocus Inc (BNFT) and Financial Engines Inc (FNGN) to his portfolio and reduced shares of Dreamworks Animation SKG Inc (DWA) and Gartner Inc (IT). Baron has a total of 357 stocks in his portfolio, with a total value of $24.141 billion. More...

BARON CAPITAL, SAAS, Q3, CLOUD, SOFTWARE, TECHNOLOGY


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