Joel Greenblatt

Joel Greenblatt

Last Update: 02-17-2015

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 (%)
201341.1932.398.8
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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Portfolio Management Similarities between Joel Greenblatt and Stanley Druckenmiller Joel Greenblatt, Stanley Druckenmiller - Portfolio Management Similarities Between Joel Greenblatt And Stanley Druckenmiller
I have been busy over the past couple of weeks. My wife gave birth to twins about two weeks ago, and now that I am back in the office, I am catching up on some reading. While we were in the hospital for about a week, I did have some time to do some reading, and I have some comments on two annual reports of current holdings of mine—JP Morgan and Markel—which I may turn into brief posts. More...

JOEL GREENBLATT, STANLEY DRUCKENMILLER


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Analyzing Joel Greenblatt's Holdings
Joel Greenblatt (Trades, Portfolio) is founder and managing partner of Gotham Asset Management, LLC. He is known for the invention of Magic Formula Investing. 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. More...

LONG


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Wells Fargo Is Trading at a Fair Value According to DDM Model Joel Greenblatt, john burbank, ray dalio, stanley - Wells Fargo Is Trading At A Fair Value According To DDM Model
In this article, let's take a look at Wells Fargo & Company (WFC), a $281.68 billion market cap company, with assets of $1.74 trillion, is the fourth-largest in the U.S. with three reporting segments: community banking; wholesale banking; and wealth, brokerage and retirement segments. More...

FINANCIAL, BANK, WELLS FARGO, DIVIDEND


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Joel Greenblatt: Conversation With Whaton
Joel Greenblatt (Trades, Portfolio) recently sat down and had a conversation with Whaton which was moderated by legendary distree debt investor Howard Marks (Trades, Portfolio) of Oaktree Capital. Throughout the interview Joel Greenblatt (Trades, Portfolio) discussed a variety of topics ranging from diversification to capital allocation. More...

JOEL GREENBLATT,HOWARD MARKS,VALUE INVESTORS,VALUE INVESTING,WHATON,BILLIONAIRE,WARREN BUFFETT,CAPITAL,


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A Closer Look at Toy Maker Hasbro
In this article, let's take a look at Hasbro Inc. (HAS), a $8.78 billion market cap company, which is a company with a broad portfolio of toys, games and entertainment offerings including brands such as Transformers, Playskool, Monopoly and My Little Pony. More...

Hasbro


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Fossil: Catching a Break, or Catching a Knife? Ruane Cunniff,Joel Greenblatt,Ron Baron - Fossil: Catching A Break, Or Catching A Knife?
It’s a fine company with a once-impressive string of earnings reports; earnings that not only grew, but grew consistently. And, its watches look good, too! More...

TEXTILE - APPAREL FOOTWEAR & ACCESSORIES, UNDERVALUED PREDICTABLE, BUFFETT MUNGER, LONG


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Benjamin Graham’s Dirty Little Secret for the Small Investor Warren Buffett,Joel Greenblatt - Benjamin Graham’s Dirty Little Secret For The Small Investor
Heading into what could be a volatile earnings season, many investors gravitate to large cap stocks. More...

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A Conversation between Joel Greenblatt and Howard Marks Joel Greenblatt,Howard Marks - A Conversation Between Joel Greenblatt And Howard Marks
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Two Value Investing Legends (Joel Greenblatt and Howard Marks) Discuss Investing
Wharton has churned out a large number of successful investors. Two of the best are Joel Greenblatt (Trades, Portfolio) and Howard Marks (Trades, Portfolio). More...

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Better Business Bureau Pulls Plug On DTV's Advertisements Mario Gabelli,Joel Greenblatt - Better Business Bureau Pulls Plug On DTV's Advertisements
It really shouldn’t surprise anyone that cable TV providers have felt put upon by the advertising campaign launched by DirecTV (DTV) in September. The entertaining advertisements, which feature actor Rob Lowe as a DirecTV customer and several of Lowe’s bizarre alter egos cast as cable subscribers, have been so successful with viewers that memes parodying them have been popping up on social media sites. More...

DirecTV


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Joel Greenblatt, Paul Tudor Jones and John Burbank Added this Big-Cap Stock
In this article, let's take a look at Starwood Hotels & Resorts Worldwide Inc. (HOT), a $14.34 billion market cap company, which operates as a hotel and leisure company which is comprised of a hospitality network of approximately 1,200 full service hotels, vacation ownership resorts and residential developments. More...

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Weekly 3-Year Low Highlights: PM, TSU, SINA, HMSY
According to GuruFocus list of 3-year lows, Philip Morris International Inc (PM), Tim Participacoes SA (TSU), SINA Corp (SINA) and HMS Holdings Corp (HMSY) have all reached their 3-year lows. More...

WEEKLY, 3, YEAR, LOW, HIGHLIGHTS


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You Should Consider this Casino Stock
In this article, let's take a look at Las Vegas Sands Corp. (LVS), a $43.72 billion market cap company that operates casinos in Las Vegas; Macau, China; Bethlehem, Pennsylvania, and Singapore. More...

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Growing and Undervalued: NeuStar Inc.
From my watch list, today another growing and undervalued company. Let’s have a short view of NeuStar Inc. (NSR); that looks undervalued based on the Peter Lynch Price Value and the Discounted Cash Flow Model. More...

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Joel Greenblatt and Paul Tudor Jones Bet on Hasbro
In this article, let's take a look at Hasbro Inc. (HAS), a $7.64 billion market cap company, which is a company with a broad portfolio of toys, games and entertainment offerings includes brands such as Transformers, Playskool, Monopoly and My Little Pony. More...

Joel Greenblatt, Paul Tudor Jones, Hasbro


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Growing and Undervalued : HCI Group Inc
From my watch list, let’s have a short view of HCI Group Inc (HCI), that looks undervalued based on the Peter Lynch Price Value. More...

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Rite Aid´s Strategic Acquisition
In this article, let's take a look at Rite Aid Corporation (RAD), a $7.74 billion market cap company, which operates a chain of retail drugstores in the United States. More...

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Analyzing Joel Greenblatt's Top Buys: Johnson & Johnson Joel Greenblatt - Analyzing Joel Greenblatt's Top Buys: Johnson & Johnson
Joel Greenblatt (Trades, Portfolio) is founder and managing partner of Gotham Asset Management, LLC. He is known for the invention of Magic Formula Investing. 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. More...

LONG, PHARMACEUTICALS


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

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5-year lows: Resource Capital Corp, San Juan Basin Royalty, Walter Investment Management Corp, and Park Electrochemical Corp.
According to GuruFocus list of 5-year lows, these Guru stocks have reached their 5-year lows: Resource Capital Corp, San Juan Basin Royalty, Walter Investment Management Corp, and Park Electrochemical Corp. More...

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