Joel Greenblatt

Joel Greenblatt

Last Update: 05-16-2016

Number of Stocks: 950
Number of New Stocks: 311

Total Value: $8,921 Mil
Q/Q Turnover: 46%

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

Greenblatt Sparkles in Growing Retail Industry Magic formula reveals best consumer cyclical companies, especially in retail
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. Read more...
A Buy Opportunity in the 2nd Half of the Year Goldman Sachs reported EPS of $3.72 on revenue of $7.93 billion
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. Read more...
'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
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. Read more...
Gilead Sciences Insider Sells 112,000 Shares Transaction nets $9.4 million for CEO
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. Read more...
Merck CEO Sells 60,000 Company Shares Company's vice president sells 75,000 shares in 2 transactions
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. Read more...
» More Joel Greenblatt Articles

Commentaries and Stories

  • 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


  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Buckle Trades Close to Its Historical Low P/S Ratio Stock price has been declining for 5 years Joel Greenblatt - Buckle Trades Close To Its Historical Low P/S Ratio
Buckle Inc. (NYSE:BKE) is trading at P/S ratio of 1.13, close to its 10-year low of 1.01. More...

  • Currently 5.00/5

Rating: 5.0/5 (2 votes)

Joel Greenblatt Is Not Sure About Apple but Owns It Anyway Why he invests in Apple Joel Greenblatt - Joel Greenblatt Is Not Sure About Apple But Owns It Anyway
  • Currently 5.00/5

Rating: 5.0/5 (7 votes)

Calculating the Return on Incremental Capital Investments As a business owner, you want to know where you can reinvest your company’s excess cash flow and what rate of return you can get from those investments. Joel Greenblatt - Calculating The Return On Incremental Capital Investments
“Leaving the question of price aside, the best business to own is one that over an extended period can employ large amounts of incremental capital at very high rates of return.” –Warren Buffett (Trades, Portfolio), 1992 Shareholder Letter More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Joel Greenblatt Bets on eBay, Intel, Biogen The investor's top buys in the 1st quarter Joel Greenblatt,Barrow Hanley Mewhinney & Strauss, - Joel Greenblatt Bets On EBay, Intel, Biogen
Joel Greenblatt (Trades, Portfolio) is founder and managing partner of Gotham Asset Management LLC. He is known for the invention of Magic Formula Investing and founded the New York Securities Auction Corporation (NYSAC). More...

  • Currently 4.33/5

Rating: 4.3/5 (3 votes)

Top 10 Books for the New Investor Everybody has to start somewhere Warren Buffett,Joel Greenblatt - Top 10 Books For The New Investor
Everybody has to start somewhere, and oftentimes people find the idea of investing their hard-earned money by themselves to be a bit intimidating. More...

WARREN BUFFETT, BENJAMIN GRAHAM, PETER LYNCH, THE NEATEST LITTLE GUIDE, BUFFETTOLOGY, THE RICHEST MAN IN BABYLON, JOEL GREENBLATT, SETH KLARMAN, MOHNISH PABRAI, MARGIN OF SAFETY THE BOOK


  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Baxter International Officer Invests in Stake CEO purchases 11,691 shares in the company Joel Greenblatt,Jana Partners - Baxter International Officer Invests In Stake
Jose (Joe) Almeida (Insider Trades), CEO and chairman of the board of Baxter International Inc. (BAX), acquired 11,691 shares of the company on May 23. More...

JOSE ALMEIDA, BAXTER INTERNATIONAL INC, INSIDER TRADES


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