Joel Greenblatt

Joel Greenblatt

Last Update: 08-15-2016

Number of Stocks: 935
Number of New Stocks: 244

Total Value: $8,342 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 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

Wilbur Ross Gets FIT Guru buys fitness tracker in 2nd quarter
Wilbur Ross (Trades, Portfolio) of Invesco Private Capital (Trades, Portfolio) acquired a new holding in Fitbit Inc. (NYSE:FIT) during the second quarter. Read more...
Joel Greenblatt Buys Fox, ConAgra and Intuit The guru's top 3 2nd-quarter buys
During the second quarter, Joel Greenblatt (Trades, Portfolio) of Gotham Asset Management LLC acquired three new holdings. They are Twenty-First Century Fox Inc. (NASDAQ:FOXA), ConAgra Foods Inc. (NYSE:CAG) and Intuit Inc. (NASDAQ:INTU). Read more...
Worst Performance YTD: MasterCard, Lazard Negative returns, but solid fundamentals
Thanks to the GuruFocus All-In-One screener, we selected the worst performing stocks of the year that have solid performances over the past 10 years and guarantee profitability and a solid financial situation. Read more...
Eugene Cassis Sells Waters Corp. CFO sold shares of the company
Eugene Cassis (Insider Trades), CFO of Waters Corp. (WAT), sold 48,000 shares of the company on Aug. 1. The average price per share was $159.96, for a total transaction of $7,678,080. Read more...
Fitbit, A Leading IoT Investment FIT has better chance of doubling value than Facebook
When legends like Steven Cohen, George Soros (Trades, Portfolio), Jim Simons (Trades, Portfolio) and Joel Greenblatt (Trades, Portfolio), all buy into a stock during the most recent quarter, it is worth taking note. Fitbit (NYSE:FIT) offers a great long-term growth opportunity at this price. Read more...
» More Joel Greenblatt Articles

Commentaries and Stories

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Wilbur Ross Gets FIT Guru buys fitness tracker in 2nd quarter Wilbur Ross,Joel Greenblatt,Jim Simons,Chuck Royce - Wilbur Ross Gets FIT
Wilbur Ross (Trades, Portfolio) of Invesco Private Capital (Trades, Portfolio) acquired a new holding in Fitbit Inc. (NYSE:FIT) during the second quarter. More...

FITBIT, ROSS, BUYS


  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Joel Greenblatt Buys Fox, ConAgra and Intuit The guru's top 3 2nd-quarter buys Joel Greenblatt,Dodge & Cox,Jana Partners,PRIMECAP - Joel Greenblatt Buys Fox, ConAgra And Intuit
During the second quarter, Joel Greenblatt (Trades, Portfolio) of Gotham Asset Management LLC acquired three new holdings. They are Twenty-First Century Fox Inc. (NASDAQ:FOXA), ConAgra Foods Inc. (NYSE:CAG) and Intuit Inc. (NASDAQ:INTU). More...

GREENBLATT, BUYS, SECOND QUARTER


  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Worst Performance YTD: MasterCard, Lazard Negative returns, but solid fundamentals Joel Greenblatt,Jim Simons - Worst Performance YTD: MasterCard, Lazard
Thanks to the GuruFocus All-In-One screener, we selected the worst performing stocks of the year that have solid performances over the past 10 years and guarantee profitability and a solid financial situation. More...

RETURNS, PERFORMANCE


  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Eugene Cassis Sells Waters Corp. CFO sold shares of the company Joel Greenblatt, Jim Simons - Eugene Cassis Sells Waters Corp.
Eugene Cassis (Insider Trades), CFO of Waters Corp. (WAT), sold 48,000 shares of the company on Aug. 1. The average price per share was $159.96, for a total transaction of $7,678,080. More...

EUGENE CASSIS, INSIDER TRADES, WATERS CORP


  • Currently 4.00/5

Rating: 4.0/5 (1 vote)

Fitbit, A Leading IoT Investment FIT has better chance of doubling value than Facebook Steven Cohen, Joel Greenblatt, George Soros, Jim S - Fitbit, A Leading IoT Investment
When legends like Steven Cohen, George Soros (Trades, Portfolio), Jim Simons (Trades, Portfolio) and Joel Greenblatt (Trades, Portfolio), all buy into a stock during the most recent quarter, it is worth taking note. Fitbit (NYSE:FIT) offers a great long-term growth opportunity at this price. More...

WEARABLES, TECHNOLOGY, FITBIT


  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Sometimes It Is Good to Buy the Biggest. But Should You Buy the Biggest Health Care Distribution Business? McKesson is a giant that has recently experienced a pullback. Does that make it a good prospect, or would its competitors be better opportunities? Mario Gabelli,Joel Greenblatt - Sometimes It Is Good To Buy The Biggest. But Should You Buy The Biggest Health Care Distribution Business?
2016 Investor Day presentation, June 29, 2016  More...

HEALTHCARE, PHARMA, DISTRIBUTION, VALUE


  • Currently 3.00/5

Rating: 3.0/5 (1 vote)

Greenblatt Sparkles in Growing Retail Industry Magic formula reveals best consumer cyclical companies, especially in retail Joel Greenblatt - Greenblatt Sparkles In Growing Retail Industry
Among consumer cyclical companies that trade on the New York Stock Exchange and the Nasdaq, three retail companies, Bed Bath & Beyond Inc. (NASDAQ:BBBY), Winmark Corp. (NASDAQ:WINA) and Hibbett Sports Inc. (NASDAQ:HIBB) have high Greenblatt earnings yield and return on capital. This suggests that these companies have high value potential based on Greenblatt’s magic formula. More...

JOEL GREENBLATT


  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Long-Term Upside With Jones Lang LaSalle For real estate stocks, JLL is the best in breed Jim Simons,Joel Greenblatt - Long-Term Upside With Jones Lang LaSalle
With roots dating back to 1783, Jones Lang LaSalle (NYSE:JLL) has become one of the world’s largest commercial real estate companies. Headquartered in Chicago, the former London auctioneer’s business now spans the world. Down 33% year to date, the stock presents a very interesting long-term buying opportunity in a really great business. More...

REAL ESTATE, COMMERCIAL REAL ESTATE


  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

A Buy Opportunity in the 2nd Half of the Year Goldman Sachs reported EPS of $3.72 on revenue of $7.93 billion Warren Buffett, Joel Greenblatt - A Buy Opportunity In The 2nd Half Of The Year
Bank of America (NYSE:BAC) beat earnings estimates, but Goldman Sachs Group Inc (NYSE:GS)'s stock has dropped more than 1% yesterday on the back of the bank posting its financial results for the second quarter, which ended June 30. The bank reported a revenue decline of 12.6% year-over-year to $7.93 billion, caused by an 11% decline in investment banking revenue and a 17% decline in underwriting revenue. Further, the financial advisory revenue of $794 million was down 3% as M&A slowed down. Despite those figures, the results exceeded the analysts’ estimates by 72 cents in EPS and also beat revenue expectations by $350 million. More...

GOLDMAN SACHS, BANK OF AMERICA


  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

'Quantitative Value' Makes Case for Approach to Value Investing The book explains how to sift through stocks to find strong investments with large margins of safety at great prices Warren Buffett,Joel Greenblatt - 'Quantitative Value' Makes Case For Approach To Value Investing
In "Quantitative Value," Wesley Gray and Tobias Carlisle make a compelling case for a purely quantitative approach to value investing. As the title appropriately conveys, the book equally emphasizes the benefits of applying a value investing approach along with the advantages of using quantitative analysis to select investments. More...

QUANTITATIVE ANALYSIS, BOOK REVIEW, TOBIAS CARLISLE, WESLEY GRAY, VALUE INVESTING


  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Gilead Sciences Insider Sells 112,000 Shares Transaction nets $9.4 million for CEO David Dreman,Joel Greenblatt,Jim Simons - Gilead Sciences Insider Sells 112,000 Shares
John Milligan (Insider Trades), CEO and president of Gilead Sciences Inc. (GILD), sold 112,000 company shares on July 5. The price per share was $84.33 for a total transaction of $9,444,960. More...

JOHN MILLIGAN, GILEAD SCIENCES INC, INSIDER TRADES


  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Merck CEO Sells 60,000 Company Shares Company's vice president sells 75,000 shares in 2 transactions Paul Tudor Jones,Joel Greenblatt - Merck CEO Sells 60,000 Company Shares
Kenneth Frazier (Insider Trades), CEO, president and chairman of Merck & Co. Inc. (MRK), sold 60,000 company shares at a per share price of $58.00 on July 5. The total transaction was $3.48 million. More...

KENNETH FRAZIER, MERCK, INSIDER TRADES


  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Frank Sands Raises Stake in Splunk in 1st Quarter Company has increased customer base at an exponential level since 2006 Frank Sands,Joel Greenblatt,Ray Dalio,Ken Fisher,P - Frank Sands Raises Stake In Splunk In 1st Quarter
Frank Sands (TradesPortfolio) bought 324,774 shares of Splunk Inc. (NASDAQ:SPLK) at an average price of $45.09 per share in the first quarter. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Joel Greenblatt Invests in Swift Transportation Swift has a low P/E ratio and 50 years of operating experience Joel Greenblatt - Joel Greenblatt Invests In Swift Transportation
Joel Greenblatt (Trades, Portfolio) purchased a 1,726,860-share stake in Swift Transportation Co. (NYSE:SWFT) in the first quarter. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Walmart Stores Nears Its Historical Low P/S Ratio Company's P/S ratio of 0.47 is close to 10-year low of 0.38 Joel Greenblatt,Barrow Hanley Mewhinney & Strauss, - Walmart Stores Nears Its Historical Low P/S Ratio
Walmart Stores Inc. (NYSE:WMT) is trading at a P/S ratio of 0.47, close to its 10-year low of 0.38. The company is owned by 32 gurus. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Companies Fall to 5-Year Lows Guess?, Quality Systems, RPX, Ruby Tuesday tumble Joel Greenblatt,Mario Gabelli,HOTCHKIS & WILEY,Don - Companies Fall To 5-Year Lows
According to GuruFocus' list of five-year lows, these guru stocks have reached their five-year lows: Guess? Inc. (NYSE:GES), Quality Systems Inc. (NASDAQ:QSII), RPX Corp. (NASDAQ:RPXC) and Ruby Tuesday Inc. (NYSE:RT). More...

  • Currently 1.00/5

Rating: 1.0/5 (1 vote)

Gurus Have Mixed Views About Food Companies One company has many guru sells while the other has many guru buys Joel Greenblatt,John Keeley,Chuck Royce,Paul Tudor - Gurus Have Mixed Views About Food Companies
Among stocks in the packaged foods industry, Flowers Foods Inc. (NYSE:FLO) and The Hershey Company (NYSE:HSY) are two of the cheapest stocks, according to the Walter Schloss Screener. Usually, when a stock becomes cheap, more gurus buy the stock. However, many gurus are reducing their position in Flowers Foods despite having a cheap stock. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Valuing Best Buy for Potential Catalyst Company has upside potential of 30% Jim Simons,Joel Greenblatt,HOTCHKIS & WILEY - Valuing Best Buy For Potential Catalyst
Best Buy (NYSE:BBY) is the largest specialty retailer of consumer electronics in the U.S. As of February, it had 1,037 stores in the U.S., whereas the number of international Best Buy stores stood around 216 with 350 stand-alone Best Buy mobile stores in the U.S. that focus on mobile phones and accessories. Currently the stock is trading at a P/E multiple of 10.30 while comparing it with peers, and it has an upside potential of 30% from the market price of $30.06. More...

LONG


  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

Predictable, Yes, but Is SYNNEX Undervalued? Should we look for it on a pullback? Sarah Ketterer,Joel Greenblatt,Jim Simons,David Dr - Predictable, Yes, But Is SYNNEX Undervalued?
In a couple of days (after the close on June 23, to be specific), SYNNEX Corporation (NYSE:SNX) will report on its second-quarter results. More...

SYNNEX, TECHOLOGY, DISTRIBUTION, LONG, PREDICTABLE


  • Currently 4.50/5

Rating: 4.5/5 (2 votes)

What Does It Take to Profit in the Stock Market? The correct answer is self-control Joel Greenblatt - What Does It Take To Profit In The Stock Market?
What would be your response if someone asked you "what does it take to profit in the stock market?" More...

DALBAR, JASON ZWEIG, JOEL GREENBLATT, THOMAS HOWARD, MYOPIC LOSS AVERSION, SOCIAL VALIDATION


Add Notes, Comments

If you want to ask a question or report a bug, please create a support ticket.

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK